Loophole allowed big landlords to get bailout funds

(Credit: iStock)
(Credit: iStock)
Loophole allowed big landlords to get bailout funds

Museum fires salvo in El-Gamal tower war

Scott Mollen and 45 Park Place (45 Park Place; Herrick)
Museum fires salvo in El-Gamal tower war

Jonathan Litt is shorting NYC office landlords

From left: SL Green CEO Marc Holliday, Land & Buildings Investment Management founder Jonathan Litt and Vornado chairman Steven Roth (Unsplash; Land & Buildings Investment Management; Getty)
Jonathan Litt is shorting NYC office landlords

“A recipe for disaster”: Fighting property taxes in a pandemic

The process for challenging property assessments is so antiquated, officials won’t do Zoom meetings. (iStock)
“A recipe for disaster”: Fighting property taxes in a pandemic

Landlord attorneys find ways to “eject” tenants without Housing Court

Clockwise from left: Bronx housing court at 1118 Grand Concourse, Governor Andrew Cuomo, Judge Lawrence Marks, New York Supreme Court at 60 Centre Street (Getty; Google Maps; Wikipedia; New York State Courts)
Landlord attorneys find ways to “eject” tenants without Housing Court

Latest News

Mayor Bill de Blasio (Getty)

New law shields restaurateurs, retailers who quit leases

Mayor Bill de Blasio on Tuesday signed into law a package of Covid-19 relief bills, including one that temporarily...

New law shields restaurateurs, retailers who quit leases
New home listings in Manhattan are up for the 4th week in a row. Contract signings, not so much. (Getty; iStock)

Manhattan resi listings are up while contracts “limp along”

Manhattan sellers may have gotten ahead of themselves. The number of new listings in Manhattan increased for the fourth...

Manhattan resi listings are up while contracts “limp along”
(Credit: iStock)

Loophole allowed big-name landlords to get bailout funds

Some lucky landlords have secured bailout funds through the federal government’s Paycheck Protection Program — all thanks to a...

Loophole allowed big-name landlords to get bailout funds
Scott Mollen and 45 Park Place (45 Park Place; Herrick)

Cultural center linked to El-Gamal fights against 45 Park foreclosure

When a lender moved to foreclose on Sharif El-Gamal’s Tribeca condo tower, it tapped one of the top defenders...

Cultural center linked to El-Gamal fights against 45 Park foreclosure
From left: Mapleton Rentals at at 1555-1575 61st Street in Mapleton, 1440 Story Avenue in Soundview, Beard-Van Brunt at 411 Van Brunt Street in Red Hook

Abraham Leser targets $74M refi for Brooklyn, Bronx properties

Capital markets around the world are struggling with the impact of coronavirus. Still, one New York City landlord is...

Abraham Leser targets $74M refi for Brooklyn, Bronx properties
the 2 Waterline Square condo and 173 Perry Street #4N (Credit: Corcoran, Realtor)

Outdoor space seals deal in tough luxury market

When a buyer was weighing whether to make an offer at GID Development’s 2 Waterline Square condo in early...

Outdoor space seals deal in tough luxury market
84 Putnam Ave and 308 N 7th Street in Brooklyn (Google Maps; 308n7)

Brooklyn luxury home sales remain 80% below last year

Activity in Brooklyn’s luxury market returned to its typical pandemic level last week after just one sale the week...

Brooklyn luxury home sales remain 80% below last year
Despite record-low interest rates, tightened mortgage lending standards which may hamper the economic recovery. (iStock)

Tightening mortgage market threatens economic recovery

The Federal Reserve’s move to cut interest rates to near zero in mid-March was expected to give the housing...

Tightening mortgage market threatens economic recovery

Inside The New York issue

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How Blackstone plans to keep its upper hand in the downturn

How Blackstone plans to keep its upper hand in the downturn

How Blackstone plans to keep its upper hand in the downturn
(Illustration by Alexis Manrodt)

The big debate intensifies: Are office buildings outdated or obsolete?

The big debate intensifies: Are office buildings outdated or obsolete?
Landlords battle rent strikes across the U.S.

Landlords battle rent strikes across the U.S.

Landlords battle rent strikes across the U.S.
Construction industry looks for solid ground

Construction industry looks for solid ground

Construction industry looks for solid ground
New York City's residential reckoning

New York City's residential reckoning

New York City's residential reckoning
The Closing: Barry Sternlicht

The Closing: Barry Sternlicht

The Closing: Barry Sternlicht
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Spruce co-founder and CEO Patrick Burns (iStock; Spruce)

Title insurance startup Spruce raises $29M in Series B

As the coronavirus pandemic has highlighted the inefficiencies of traditional pen-and-paper closings, another startup has secured funding in its...

Title insurance startup Spruce raises $29M in Series B
From left: SL Green CEO Marc Holliday, Land & Buildings Investment Management founder Jonathan Litt and Vornado chairman Steven Roth (Unsplash; Land & Buildings Investment Management; Getty)

Activist investor Jonathan Litt is shorting big NYC office landlords

Activist investor Jonathan Litt, who in recent years has pushed to turn around struggling retailers, now has a new...

Activist investor Jonathan Litt is shorting big NYC office landlords
620 West 153rd Street (Credit: Google Maps)

Hamilton Heights development site led mid-market deals last week

There were four mid-market investment sales in New York City last week: a Hamilton Heights development site, a pair...

Hamilton Heights development site led mid-market deals last week
The process for challenging property assessments is so antiquated, officials won’t do Zoom meetings. (iStock)

“A recipe for disaster”: Fighting property taxes in a pandemic

It’s cumbersome. Antiquated. Arcane. And definitely not Covid-ready. The system for challenging property assessments in New York City was...

“A recipe for disaster”: Fighting property taxes in a pandemic
Clockwise from left: Bronx housing court at 1118 Grand Concourse, Governor Andrew Cuomo, Judge Lawrence Marks, New York Supreme Court at 60 Centre Street (Getty; Google Maps; Wikipedia; New York State Courts)

Attorneys find ways to “eject” tenants without Housing Court

Housing Court remains closed and an eviction moratorium runs through Aug. 20, but attorneys say they have other ways...

Attorneys find ways to “eject” tenants without Housing Court
Michael Gianaris (Photography by Sasha Maslov)

The Closing: Michael Gianaris

State Sen. Michael Gianaris has been an elected official in New York for the past 20 years and became one of the most pivotal figures in state politics last year when he played a...

The Closing: Michael Gianaris
Can eXp’s virtual world work in New York?

Can eXp’s virtual world work in New York?

In 2015, eXp Realty CEO Glenn Sanford boarded a 43-foot motor coach and set off from Bellingham, Washington, to barnstorm the country. Over the course of 11 months at “lunch and learn” sessions in...

Can eXp’s virtual world work in New York?
The Real Deal's E.B. Solomont and Brown Harris Stevens' CEO Bess Freedman

The Interview: Bess Freedman on how resi firms will look post-Covid

It’s been six weeks since New York’s residential firms went dark after Gov. Andrew Cuomo shut non-essential workplaces to...

The Interview: Bess Freedman on how resi firms will look post-Covid

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