Commercial Real Estate

100 Print Shop Road in Enfield, CT and President of the Lego Group in the Americas Skip Kodak
National Weekend Edition

Lego letting go of Connecticut office

Everything is awesome for Lego employees who want to live closer to Boston. For everyone else, the next few years may be as painful as stepping on one of the toys. Lego announced it...

Lego letting go of Connecticut office
Coxsackie mayor Mark Evans (Village of Coxsackie, Getty)
Tri-State

Another Hudson Valley village halts short-term rentals

One town at a time, short-term rental operators are becoming personae non gratae in the Hudson Valley. Coxsackie, a...

Another Hudson Valley village halts short-term rentals
From left: Starwood Capital’s Barry Sternlicht and Veracity Development’s Edmond Li along with 111 Mercer Street (Getty, Google Maps, Veracity Development)

Sternlicht’s LNR aims to foreclose on Veracity’s Soho condo

Veracity Development’s retail condo at 111 Mercer Street in Soho is facing foreclosure by an arm of Barry Sternlicht’s...

Sternlicht’s LNR aims to foreclose on Veracity’s Soho condo
From left: Thor Equities' Joseph Sitt, Lightstone's David Lichtenstein and Mitchell Hochberg with Skybridge Towers (Skybridge Towers, Getty)

About case: Joe Sitt drops suit against Lightstone execs

In a fight against another New York-based real estate powerhouse, Thor Equities has put down its hammer. Weeks after...

About case: Joe Sitt drops suit against Lightstone execs
Starwood's Barry Sternlicht
National

Starwood wheels and deals to fix $800M loan default

In November, Barry Sternlicht touted Starwood Property Trust’s stash of dry powder and the strength of its hotel business....

Starwood wheels and deals to fix $800M loan default
Tishman Speyer’s Rob Speyer and Latch’s former CEO Luke Schoenfelder
National

Latch reveals more financial statements to be unreliable

Latch’s accounting inaccuracies appear to be worse than previously revealed. The struggling smart-lock startup said this week that “internal...

Latch reveals more financial statements to be unreliable
Jonathan Gray
National

Real estate problems drag down Blackstone’s profits

The value of Blackstone’s real estate portfolio dropped in the fourth quarter, hurting profits as rising rates dragged down...

Real estate problems drag down Blackstone’s profits
From left: MetLife's Michel A. Khalaf and Clarion's David Gilbert along with with 44 Berry Street and 139 North 10th Street in Williamsburg (Getty, LoopNet, Clarion, MetLife)

MetLife pays $68M cash for Williamsburg apartments

One way to navigate this tough borrowing environment is to buy without a loan. MetLife paid nearly $70 million...

MetLife pays $68M cash for Williamsburg apartments

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