Jeff Sutton’s Midtown hotel project snags Sonder as first tenant
Developer Jeff Sutton’s proposed Midtown hotel has reportedly scored its first tenant. Short-term rental provider Sonder signed on to...
Bidding war erupts for All Year’s big Brooklyn portfolio
Dov Hertz lands $442M loan for Sunset Park warehouse project
Last-mile facilities dominating industrial real estate
Latest News
For $85M, Carlyle nabs another LIC resi building
The Carlyle Group is wading further into the Queens multifamily market. The asset manager picked up the Jenga tower...
City law protecting commercial tenants upheld on appeal
In a win for commercial tenants, an appeals court upheld the city’s key pandemic-era protection that landlords had challenged...
Los Angeles
Musk could save $2B in California taxes on Texas move
Elon Musk’s claim of residency in Texas could save a $2 billion capital gains tab if he follows through...
Dov Hertz lands $442M loan for Sunset Park warehouse project
Dov Hertz has landed a big construction loan for his multi-story warehouse development in Sunset Park. JPMorgan provided the...
National
Home prices up 20%, but buyers, take heart
U.S. home prices remain significantly higher than a year ago, but the growth is easing and perhaps even ending, according to new figures. U.S. home prices increased 19.5 percent year-over-year in September, according to...
National
Last-mile facilities dominating industrial real estate
The last mile of the delivery chain is proving to be the most valuable one for industrial properties. A...
All Year’s massive Brooklyn portfolio in distress, sparking bidding war
For the past year, All Year Holdings’ massive Brooklyn real estate empire has been hanging by a thread as...
Tri-State
Brookfield picks up Clifton industrial complex
Some day, the inferno of industrial buying will burn out. Not today, though. Brookfield Asset Management just threw another...
Inside The National issue
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The ascendants: New leaders take the helm at city’s top brokerages
Investors surf the life sciences wave in the Bay Area
From Dubai to Surfside: Inside Damac’s plans to redevelop the tragic site
How an unheralded developer survived NYC’s fraught rezoning process
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Real estate partnership chosen for Governors Island climate hub
New York City’s work against climate change could have a new center of power at Governors Island, where a...
National
Landlords more likely to ignore applicants of color
New research outlines how landlords are more likely to ignore renters they perceive as African American and Latino, perpetuating...
National
Newest unicorn is property-services startup Lessen
A historic year for proptech fundraising has produced another unicorn. Lessen, a real estate management platform that connects property...
Tri-State
Westbury apartment project scores 20-year tax break
A 72-unit apartment building proposed for downtown Westbury is one step closer to reality for the developer, which secured...
Light i-sales precede heavy eating
During the short week preceding the Thanksgiving holiday, multifamily sales continued to light up the mid-level i-sales market. Three of four sales recorded between $10 million and $40 million were residential buildings, with two...
National Issue
Investors surf the life sciences wave in the Bay Area
You might think San Francisco’s priciest per-square-foot commercial deal was about tech. You’d be wrong: It was KKR’s $1.1...
City Council eyes bringing back tax break for property owners
More than a year after letting the once-popular J-51 tax break lapse, the city may revive it. The City...
Manhattan luxury market logs best Thanksgiving week ever
The holiday week gave New York’s high-end real estate agents plenty of reasons to be thankful. Thirty-seven, to be...
National
Treasury Department to ease rent relief backlogs with reallocations
States struggling to keep rent relief efforts alive could soon benefit from a Treasury Department plan to reallocate funds....