Commercial Real Estate

News of President-elect Biden’s $1.9T stimulus plan held promise for employment and economic activity. (Getty)
National

Real estate stocks hold gains even as market doesn’t

Real estate stocks ended the week in positive territory while the broader market gave up its gains after President-elect...

Real estate stocks hold gains even as market doesn’t
Before the pandemic, national tenants paid 94 percent of rent. (Getty)
National

Retail rent collections rebound to 90%

 The pandemic has exacerbated the retail sector’s pre-existing problems, deteriorating rent collections and forcing landlords to make compromises with their tenants. But there were some encouraging signs as 2020 came to a close. Before...

Retail rent collections rebound to 90%
Cindat Capital Management CEO Greg Peng and Hersha Hospitality Trust CEO Jay Shah with 51 Nassau Street (Google Maps)

7 Manhattan hotels head to auction block

Seven Manhattan hotels are hitting the auction block. The portfolio, owned by a joint venture between Hersha Hospitality Trust and Chinese investment firm Cindat Capital Management, is scheduled to be auctioned on Jan. 21...

7 Manhattan hotels head to auction block
As companies leave Silicon Valley, Austin, Texas is becoming a top destination. (Getty)
National

Silicon Valley exodus: Where’d everyone go?

 As the pandemic rages across the U.S., it’s unclear when employees will be able to return to their offices....

Silicon Valley exodus: Where’d everyone go?
Eric Malley was arrested earlier this week. (Getty)

Feds indict NY real estate exec in $50M fraud scheme

Federal prosecutors say the former CEO of a New York real estate firm defrauded hundreds of investors out of...

Feds indict NY real estate exec in $50M fraud scheme
Neil Shekhter (Shekhter by Kevin Scanlon; iStock)
Los Angeles

Santa Monica mega-portfolio officially hits market

 It’s official: The largest multifamily development opportunity in Santa Monica in a generation is now on the market. WSC...

Santa Monica mega-portfolio officially hits market
Alex Sapir (Getty)

Former Sapir employee accuses company of retaliation

A former employee of the Sapir Organization claims her old boss retaliated against her after she failed to find...

Former Sapir employee accuses company of retaliation
(iStock)

Manhattan asking retail rents continue downward spiral

The holidays are typically a bright spot for retailers, but with little foot traffic returning to Manhattan, the fourth...

Manhattan asking retail rents continue downward spiral

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