New York Issue
Behind the biggest real estate crowdfunding implosion
Johanna Trujillo invested $20,000 in what seemed like a sure thing — a piece of Manhattan real estate. She...
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Mary Diduch
New York
Retailer Hudson’s Bay pink-slips 500 NYC employees
UPDATED, 5:54 p.m. April 30: Hudson’s Bay Company, the owner of Saks Fifth Avenue, will lay off 507 New...
National
Hotel occupancy rises as essential workers, homeless fill rooms
The hotel market is improving across the country but that comes with a caveat. The uptick is likely a...
National
Fed “not in any hurry” to raise interest rates: Powell
The Federal Reserve won’t push up interest rates any time soon, the central bank’s chairman said Wednesday as the...
National
Office landlords finding out which tenants are paying up during lockdown
Public office landlords are starting to report their first-quarter earnings — and investors and analysts are paying close attention...
National
Realogy sues to enforce $400M Cartus deal
UPDATED: April 27, 10:00 p.m.: Brokerage giant Realogy Holdings filed a lawsuit Monday to enforce the $400 million sale of its relocation business. In a regulatory filing, Realogy said Madison Dearborn Partners and its...
National
Chicago hotel occupancy ticks up but remains abysmal
Thanks to an influx of medical workers, New York City hotels were about one-third fuller last week than the...
National
Prologis granted rent relief to just 7% of tenants that asked
Prologis, one of the largest owners of industrial real estate, granted rent deferrals to just 7 percent of its...
National
Nearly 6% of home loans are now in forbearance
The number of mortgages where borrowers are putting off payments has seen a stark increase, according to new data...
National
Private real estate investment deals tumble worldwide
The number of private real estate investment deals plunged worldwide last month, the latest example of the coronavirus’ all-consuming...