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Brookfield Asset Management CEO Bruce Flatt and Woodridge CEO Michael Rosenfeld with 101 S. Marengo Avenue, and a rendering of the building (Credit: Google Maps)

CRE investment sales in LA sank like a stone in May

Just how devastating has the coronavirus crisis been for Los Angeles commercial real estate investment sales? In May, just...

CRE investment sales in LA sank like a stone in May
John Zhao and a rendering of Oceanwide Center (Credit: Rendering © DBOX; Nora Tam/South China Morning Post via Getty Images)

Coronavirus forces another delay of Oceanwide Center sale in San Fran

Blame coronavirus, again. After multiple delays and the entrance of a new buyer, Oceanwide Holdings’ plan to sell off...

Coronavirus forces another delay of Oceanwide Center sale in San Fran
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

The Orbach Group — a real estate firm better known for flipping rent-stabilized apartments before Albany’s rent law overhaul last summer — recently nabbed...

“It’s a need, not a want” for many residents: Investors eye long-term gains in senior housing
A new report finds homes still unaffordable for majority of Americans (iStock)

TRD Insights: Homeownership unaffordable for average wage earner across 75% of US counties

Homeownership is unaffordable for the average wage earner in three quarters of counties surveyed across the U.S. That’s according...

TRD Insights: Homeownership unaffordable for average wage earner across 75% of US counties
Blackstone COO Jonathan Gray and Club Quarters Chicago at 111 W Adams Street (Getty, Google)

Blackstone misses payment on $274M hotel loan

As the hospitality sector struggles to regain its footing, Blackstone skipped a payment on a $274 million hotel loan....

Blackstone misses payment on $274M hotel loan
Gov. Gavin Newsom (Getty)

Not so fast! A week after they reopened, state orders LA County bars to close

Gov. Gavin Newsom ordered bars in Los Angeles County and six other counties to close on Sunday, citing rising...

Not so fast! A week after they reopened, state orders LA County bars to close
New numbers from Yelp show that 140,000 businesses that closed since March 1 remain closed and that 40 percent of them permanently closed. (Getty)

Nearly 140,000 businesses on Yelp remain closed since coronavirus hit

Nearly 140,000 U.S. businesses that closed since March 1 remain shuttered, and just over 40 percent of them have...

Nearly 140,000 businesses on Yelp remain closed since coronavirus hit
Some 2.2 million of the world’s restaurants could close

Some 2.2 million of the world’s restaurants could close

Some 2.2 million restaurants worldwide could close in the near future, and that’s a low estimate. Restaurants across the...

Some 2.2 million of the world’s restaurants could close
Disney employees aren’t ready to go back to work

Disney employees aren’t ready to go back to work

Disney is ready to open its massive theme parks in California and Florida, but many of its employees are...

Disney employees aren’t ready to go back to work
As the virus took hold, banks were staying clear of jumbo loans. But we’re seeing some positive activity now. (Pixabay)

The jumbo loan market crashed with Covid. But it’s slowly regaining strength

Jumbo loans, a favorite tool of lenders to finance high-end homes for wealthy buyers, sunk like a stone as...

The jumbo loan market crashed with Covid. But it’s slowly regaining strength
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