Mortgage rates surge — and refinance applications sink

(iStock/Illustration by Alexis Manrodt for The Real Deal)
(iStock/Illustration by Alexis Manrodt for The Real Deal)
Mortgage rates surge — and refinance applications sink

Benchmark picks up UES building; SNL snares Bronx warehouse

Benchmark's Jordan Vogel with 826 Madison Avenue (top) and 581 Austin Place (Linkedin, Google Maps)
Benchmark picks up UES building; SNL snares Bronx warehouse

States Title, now Doma, going public in $3B SPAC deal

States Title CEO Max Simkoff and investor Mark Ein. (Keystone Strategy, Getty)
States Title, now Doma, going public in $3B SPAC deal

Last call for senior housing program

(Getty, iStock/Illustration by Alexis Manrodt for The Real Deal)
Last call for senior housing program

Corcoran vet Lydia Sussek joins Elliman

Lydia Sussek and Howard Lorber (Corcoran, Getty)
Corcoran vet Lydia Sussek joins Elliman

Latest News

Clockwise left: Sam Zell, Spencer Rascoff, David Simon, and Russell Galbut
National

The definitive real estate SPAC tracker

Blink and you’ll miss a new SPAC. With billions of dollars flowing into blank-check firms, a growing number of real estate players are targeting proptech. As an alternative to the traditional IPO, special-purpose acquisition...

The definitive real estate SPAC tracker
1000 Jefferson Ave, Elizabeth, New Jersey. (Kassin Sabbagh Realty)
Tri-State

Elion Partners buys $30M industrial property in Elizabeth

Elion Partners has expanded its East Coast portfolio by scooping up a 8.6 acre industrial property for $29.7 million....

Elion Partners buys $30M industrial property in Elizabeth
Lydia Sussek and Howard Lorber (Corcoran, Getty)

Corcoran vet Lydia Sussek joins Elliman

Not every agent gets a shout-out on their firm’s earnings call, but Lydia Sussek did. The broker, who’s been at the Corcoran Group for 14 years, has officially moved her business to Douglas Elliman....

Corcoran vet Lydia Sussek joins Elliman
(Getty, iStock/Illustration by Alexis Manrodt for The Real Deal)

Last call for senior housing program

Developers have less than a month to submit plans under a senior housing program that the de Blasio administration is ending. The Department of Housing Preservation and Development announced that it will only accept...

Last call for senior housing program
Brian Kingston of Brookfield Property Partners (left) and Bruce Flatt of Brookfield Asset Management
National Issue

Brookfield’s internal affairs

There are several reasons why taking Brookfield Property Partners private might be a bad deal. The company’s investors lose a lucrative dividend, hundreds of millions of dollars’ worth of fees to its parent Brookfield...

Brookfield’s internal affairs
States Title CEO Max Simkoff and investor Mark Ein. (Keystone Strategy, Getty)
National

States Title, now Doma, going public in $3B SPAC deal

Title insurance startup States Title is going public in a $3 billion deal with a blank-check firm, the latest...

States Title, now Doma, going public in $3B SPAC deal

Inside The National issue

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Brookfield’s internal affairs
Brookfield’s internal affairs
Brookfield’s internal affairs
When Compass comes clawing: How the firm’s contracts lock agents in
When Compass comes clawing: How the firm’s contracts lock agents in
When Compass comes clawing: How the firm’s contracts lock agents in
Making sense of the SPACe race
Making sense of the SPACe race
Making sense of the SPACe race
South Florida real estate on climate change: ‘Que Sera, Sera’
South Florida real estate on climate change: ‘Que Sera, Sera’
South Florida real estate on climate change: ‘Que Sera, Sera’
Dov Hertz (Photo by Studio Scrivo)
The Closing: Dov Hertz
The Closing: Dov Hertz
A reckoning on rent
A reckoning on rent
A reckoning on rent
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Keith McNally with Stephen Starr and David Edelstein (Getty, Patrick McMullan/Getty)
Miami

Pastis to open Miami restaurant in Wynwood

UPDATED, March 3, 9 a.m.: New York City institution Pastis is landing in Miami. James Beard award-winning restaurateurs Stephen Starr and Keith McNally plan to open in Miami’s Wynwood neighborhood, in an 8,000-square-foot space...

Pastis to open Miami restaurant in Wynwood
Compass CEO Robert Reffkin (iStock, Getty/Illustration by Kevin Rebong for The Real Deal)
National

How much Compass paid to scale up

Since 2018, Compass has spent more than $300 million to scale its business, buying other brokerages and tech companies to support its “end-to-end platform,” according to the company’s IPO filing. Backed by $1.5 billion...

How much Compass paid to scale up
Compass CEO Robert Reffkin (Instagram, Compass, iStock/Photo illustration by Kevin Rebong for The Real Deal)
National

Inside Compass’ S-1: How it measures the upside of its tech

Compass’ pitch to investors is all about its agents. The company’s S-1 — a prospectus that details its financial...

Inside Compass’ S-1: How it measures the upside of its tech
The comedy club argues that if SNL can operate, then they should be allowed to operate too. (Getty)

Manhattan comedy club sues Cuomo over pandemic closures

This is no laughing matter. That’s the message the owners of the comedy club Stand Up NY are sending...

Manhattan comedy club sues Cuomo over pandemic closures
From left: Fifth Wall’s Brendan Wallace, Tishman Speyer’s Rob Speyer, Social Capital’s Chamath Palihapitiya, Cantor Fitzgerald’s Howard Lutnick, Pershing Square Capital’s Bill Ackman and Opendoor’s Eric Wu
National Issue

Making sense of the SPACe race

When Fifth Wall Ventures decided to jump into the SPAC market in January, it targeted a raise of $250 million to take a startup public. Within three weeks, it upsized the offering — twice...

Making sense of the SPACe race
(iStock)

These were Manhattan’s best office submarkets in Q4

The pandemic-driven downturn has disrupted Manhattan’s office real estate market, where availability has hit record highs in recent months....

These were Manhattan’s best office submarkets in Q4

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