Bilgili wants Shvo to open his books

Michael Shvo and Serdar Bilgili in December 2019 (Getty, iStock)
Michael Shvo and Serdar Bilgili in December 2019 (Getty, iStock)
Bilgili wants Shvo to open his books

REBNY’s RLS chief bows out

From left: Sandhya Espitia, John Canniffe and Jim Whelan (Linkedin, Whelan by Evan Gutierrez)
REBNY’s RLS chief bows out

“I don’t want to beat on our chest and say that we’re perfect:” Redfin’s Glenn Kelman responds to his critics

Glenn Kelman (Redfin)
“I don’t want to beat on our chest and say that we’re perfect:” Redfin’s Glenn Kelman responds to his critics

Airbnb’s Q2 revenue falls by almost 70%

Airbnb CEO Brian Chesky (Getty)
Airbnb’s Q2 revenue falls by almost 70%

Evictions filed pre-Covid can move forward

Judge Lawrence Marks (Getty, iStock)
Evictions filed pre-Covid can move forward

Latest News

AIG, Goldman lend on Shvo’s “Big Red” buy in Chicago

AIG, Goldman lend on Shvo’s “Big Red” buy in Chicago

AIG and Goldman Sachs provided Michael Shvo and his partner with a $240 million loan to acquire Chicago’s “Big...

AIG, Goldman lend on Shvo’s “Big Red” buy in Chicago
Thomas Keller with Bouchon Bakery and TAK Room in Hudson Yards (Taylor Hill/FilmMagic, Bouchon Bakery by David Escalante via Thomas Keller Restaurant Group; TAK Room by John Lamparski/Getty Images for The Conservatory NYC)

Thomas Keller closing TAK Room, Bouchon Bakery at Hudson Yards

Celebrated chef Thomas Keller has announced that two Hudson Yards eateries, TAK Room restaurant and Bouchon Bakery, will close...

Thomas Keller closing TAK Room, Bouchon Bakery at Hudson Yards
Michael Shvo and Serdar Bilgili in December 2019 (Getty, iStock)

Bilgili wants Shvo to open his books

Turkish real estate mogul Serdar Bilgili tapped his Rolodex two years ago to build a partnership that’s been buying trophy U.S. properties with abandon. But now that Bilgili claims his partner Michael Shvo cut...

Bilgili wants Shvo to open his books
From left: Sandhya Espitia, John Canniffe and Jim Whelan (Linkedin, Whelan by Evan Gutierrez)

REBNY’s RLS chief bows out

The RLS is running without a head. John Canniffe, who joined the Real Estate Board of New York last year to run the residential listings service, has left the trade group for a new...

REBNY’s RLS chief bows out
Airbnb CEO Brian Chesky (Getty)

Airbnb’s Q2 revenue falls by almost 70%

Airbnb’s revenue fell by a reported 67 percent in the second quarter, as the startup weathered the fallout from a halt in global travel. The company’s quarterly revenue plunged to $335 million — down...

Airbnb’s Q2 revenue falls by almost 70%
A Stein Mart location (Getty, iStock)

Discount retailer Stein Mart files for bankruptcy, plans to close most stores

Off-price retailer Stein Mart is the latest brick-and-mortar chain to file for Chapter 11 bankruptcy protection. The Jacksonville, Florida-based...

Discount retailer Stein Mart files for bankruptcy, plans to close most stores
Judge Lawrence Marks (Getty, iStock)

Evictions filed pre-Covid can move forward

Evictions issued before Covid-19 shut down housing court can now proceed, but those filed since are still suspended. All evictions started after March 16 — including residential, commercial, nonpayment and holdover evictions — cannot...

Evictions filed pre-Covid can move forward
Peter Ward (right) and Richard Maroko (Getty, Cornell)

Hotel Trades Council president steps down, taps successor

After more than four decades with the union, Peter Ward is stepping down as president of the Hotel Trades...

Hotel Trades Council president steps down, taps successor
Former JLL employee sues alleging toxic “boys club”

Former JLL employee sues alleging toxic “boys club”

A former associate in JLL’s New York City office alleges she was fired after speaking up about what she...

Former JLL employee sues alleging toxic “boys club”

Inside The National issue

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After WeWork’s botched IPO, real estate startups have learned to add women to their boards.

“Change is happening”: Inside real estate tech’s race to diversify their boards

“Change is happening”: Inside real estate tech’s race to diversify their boards
A tough job at a rough time: What MWBE contractors face in 2020

A tough job at a rough time: What MWBE contractors face in 2020

A tough job at a rough time: What MWBE contractors face in 2020
Shutting back down

Shutting back down

Shutting back down
From left: The Fontainebleau Miami Beach, Shore Club and Clevelander South Beach 

Record-breaking surge in Covid cases spells trouble for South Florida’s hotel market

Record-breaking surge in Covid cases spells trouble for South Florida’s hotel market
Investors are still bullish on senior housing, despite headline struggles in nursing care facilities throughout the pandemic. (Getty)

“It’s a need, not a want” for many residents: Investors eye long-term gains in senior housing

“It’s a need, not a want” for many residents: Investors eye long-term gains in senior housing
The Closing: Hakeem Jeffries

The Closing: Hakeem Jeffries

The Closing: Hakeem Jeffries
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Princess Ashraf Pahlavi and 29 Beekman Place (Getty, Google Maps)

Iranian princess’ Midtown townhouse sells at deep discount

The long and winding and legally entangled road to sell Princess Ashraf Pahlavi’s Midtown mansion has finally reached an...

Iranian princess’ Midtown townhouse sells at deep discount
Glenn Kelman (Redfin)

“I don’t want to beat on our chest and say that we’re perfect:” Redfin’s Glenn Kelman responds to his critics

The shocking death of George Floyd at the hands of Minneapolis police in May prompted real estate executives around the country to speak out...

“I don’t want to beat on our chest and say that we’re perfect:” Redfin’s Glenn Kelman responds to his critics
Michael Shvo and a rendering of the tower (City of Miami)

Shvo’s proposal for Miami Beach resi tower faces opposition

New York real estate developer Michael Shvo’s proposal to build a 200-foot-tall tower beside three Art Deco hotels was...

Shvo’s proposal for Miami Beach resi tower faces opposition
MetLife Building and Matt Van Buren, CBRE’s tri-state president (Getty, CBRE)

CBRE closes 2 offices, expands presence at MetLife HQ

CBRE is consolidating its New York City offices and expanding its headquarters. At its MetLife Building HQ, the brokerage...

CBRE closes 2 offices, expands presence at MetLife HQ
Nat Sherman Townhouse and Altria Group CEO Billy Gifford (Google Maps, Altria)

Tobacco shop Nat Sherman to close after 90 years

Another day, another beloved New York retailer shuts its doors. This time it’s the famed tobacco shop in Midtown,...

Tobacco shop Nat Sherman to close after 90 years
Rendering of the project (Courtesy of 125thstreet.nyc)

$242M Harlem mixed-use project will include civil rights museum

Partners have unveiled their plans for a $242 million mixed-use project in Harlem that will include 170 units of...

$242M Harlem mixed-use project will include civil rights museum
(iStock)

Home loan applications rise as rates fall to another record low

Applications for home loans rose last week, though concerns about supply and the economy linger. The volume of applications...

Home loan applications rise as rates fall to another record low
Authentic Brands Group CEO Jamie Salter, David Simon and Brooks Brothers (Getty)

Simon, Authentic Brands to buy Brooks Brothers

Brooks Brothers has found its white knight in mall giant Simon Property Group and apparel licensing firm, Authentic Brands...

Simon, Authentic Brands to buy Brooks Brothers

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