Stimulus deal buoys real estate stocks, but coronavirus maintains its grip
The mid-week market optimism slid away Friday, as real estate stocks — including real estate investment trusts, brokerage firms...
Trending:
CoronavirusBlackstoneCompassWeWorkACRE 21.24%
AHT 8.59%
AKR 9.62%
AVB 6.10%
BPY 6.42%
BXP-PB 0.16%
CBRE 3.57%
CIGI 2.16%
CLPR 5.40%
CWK 7.24%
DRH 4.97%
ELS 5.21%
EQR 5.82%
ESRT 0.23%
EXPI 5.67%
GNL 9.19%
HOV 7.15%
LTC 0.77%
MET 5.10%
MMI 0.87%
NMRK 4.65%
PGRE 2.27%
PK 11.48%
PURP.L 7.93%
RDFN 14.37%
REG 4.37%
RLGY 7.65%
RMAX 1.99%
SLG 2.36%
SPG-PJ 0.06%
STWD 0.00%
TOL 2.08%
VGR 11.06%
VNO 1.78%
Z 6.96%
ACRE 21.24%
AHT 8.59%
AKR 9.62%
AVB 6.10%
BPY 6.42%
BXP-PB 0.16%
CBRE 3.57%
CIGI 2.16%
CLPR 5.40%
CWK 7.24%
DRH 4.97%
ELS 5.21%
EQR 5.82%
ESRT 0.23%
EXPI 5.67%
GNL 9.19%
HOV 7.15%
LTC 0.77%
MET 5.10%
MMI 0.87%
NMRK 4.65%
PGRE 2.27%
PK 11.48%
PURP.L 7.93%
RDFN 14.37%
REG 4.37%
RLGY 7.65%
RMAX 1.99%
SLG 2.36%
SPG-PJ 0.06%
STWD 0.00%
TOL 2.08%
VGR 11.06%
VNO 1.78%
Z 6.96%
Could NY’s work from home moment fuel office-to-residential conversions?
Michael Shvo on the Bible, Batman and why NYC will bounce back
Latest News
Mass layoffs claim jobs at the Plaza, Sofitel and Le Bernardin
From the Plaza Hotel to Le Bernardin, workers at New York City restaurants and hotels were battered by more...
Crown Heights hotel marks lone mid-market deal this week
Just one property traded hands in New York’s mid-level investment sales market last week, at a time when the...
Another huge round of layoffs for Knotel
Flex office company Knotel slashed its 400-person workforce by half, as the coronavirus pandemic has drained the unicorn startup’s membership base. Knotel laid off or furloughed 195 employees worldwide today, Commercial Observer reported. “Business...
Could NY’s work from home moment fuel office-to-residential conversions?
The long term impacts of the coronavirus pandemic will not be fully known for months or even years, but...
House passes $2 trillion stimulus package
UPDATED, 3:46 p.m., March 27: After a brief procedural hiccup, Congress’ $2 trillion economic stimulus package is on its way to the desk of President Trump. U.S. Representatives raced back to Washington on Friday...
Fed to mall and hotel owners: Drop dead
The central bank’s multi-trillion-dollar intervention to help companies facing a credit crunch leaves struggling malls, hotels and other properties out in the cold. Earlier this week the Federal Reserve announced it would launch an...
Michael Shvo on the Bible, Batman and why NYC will bounce back
After seven months of due diligence, developer Michael Shvo bet on New York real estate emerging from the coronavirus...
Marc Jacobs gets what he paid for West Village pad: $10.5M
Marc Jacobs has officially closed on the sale of his West Village townhouse, reaping a mere $50,000 more than...
Inside The New York issue
New York halts most construction
After facing pressure from city officials and workers, the state is shutting down all construction except work on infrastructure, healthcare facilities and affordable housing. The Empire State Development Corp. updated its guidelines Friday, saying...
The Plaza shuts down and lays off 251
Prestige, glamour and Central Park views proved no match for the microscopic coronavirus as the Plaza Hotel stopped taking guests Friday and announced 251 layoffs. “We fully support our local authorities as they work...
Mark your calendars: These are the top real estate webinars next week
Gatherings are out, but virtual gatherings are in. Here are some real estate webinars coming up next week. Host:...
Landlord groups: Postpone vote on rent increase
The three main trade associations for New York City’s landlords are jointly asking the city to put off a...
WeWork to miss 2020 targets because of coronavirus
WeWork says it won’t be hitting its targets this year because of the coronavirus. In a letter to bondholders,...
Redfin execs tighten belt and give agents a boost
Agents at real estate brokerage Redfin are getting a reprieve and the CEO is forsaking compensation in light of...
Second Take: Related’s Israeli troubles and how co-ops are dealing with quarantine breakers
The reporters behind The Real Deal‘s coverage of the lawsuits quarantine breakers could face at co-ops and the Related Companies’ dicey time in Tel...
The Closing: Don Capoccia
Donald Capoccia is a founding member and principal at BFC Partners, which has pioneered development in emerging neighborhoods like the Lower East Side, East Harlem and Downtown Brooklyn and is tackling some of the...
Ample Hills Creamery to lay off all 101 of its workers
Ample Hills Creamery is laying off all 101 of its employees, according to a notice filed with the New...
The Scoop: The Secret Life of the Plaza
Murder, movie stars, and more: A new book explores the Manhattan landmark’s riveting history—and the iconic characters linked to it. —by Natalie Chomet For author Julie Satow, the Plaza has an undeniable attraction. From...
To Save or To Sell: A Vital Question for Landlords to Maximize ROI
Save or sell. That’s the tough yet welcome dilemma faced by landlords, now that solar energy production has become...