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Neiman Marcus at Hudson Yards and Geoffroy van Raemdonck (Getty)

Neiman Marcus exits bankruptcy $4B lighter

Neiman Marcus has emerged from bankruptcy just four and a half months after it entered the Chapter 11 restructuring process. The court-led process erased $4 billion in debt that the distressed retailer was holding,...

Neiman Marcus exits bankruptcy $4B lighter
President Donald Trump and Joseph Biden (Getty, iStock)

Real estate donors backing Biden over Trump

As the pandemic continues to wreak havoc on real estate, industry donors are siding with Joe Biden over President Donald Trump, records show. They have so far given $17.1 million to the former vice...

Real estate donors backing Biden over Trump
Stephen Ross and Hudson Yards (Getty, iStock)

Related halts payments to Hudson Yards EB-5 investors

Related Companies, one of the EB-5 program’s biggest proponents, is halting payments to such investors in Hudson Yards because...

Related halts payments to Hudson Yards EB-5 investors
Developers pulled back on advertising as online traffic and print subscriptions grew (iStock)

Real estate ad dollars vanished as pandemic spread

Eyeballs were looking for real estate to ogle online, but developers pulled back on hawking their properties. The amount...

Real estate ad dollars vanished as pandemic spread
Stephen Ross, chairman of Related Companies (Getty)

Stephen Ross to retailers: Brace yourself for bankruptcies

Stephen Ross predicts the coronavirus pandemic will result in a “flood of cases going to the bankruptcy court.” The...

Stephen Ross to retailers: Brace yourself for bankruptcies
Realogy CEO Ryan Schneider and Amazon CEO Jeff Bezos (Credit: Bezos via Paul Morigi/Getty Images for Amazon)

Realogy CEO says Covid-19 “eviscerated” value of Amazon partnership

Realogy’s much-lauded partnership with Amazon is the latest victim of the coronavirus. The brokerage conglomerate on Thursday announced that...

Realogy CEO says Covid-19 “eviscerated” value of Amazon partnership
Neiman Marcus Group CEO Geoffroy van Raemdonck and Neiman Marcus at Hudson Yards (Credit: Raemdonck by NEIL RASMUS/Patrick McMullan via Getty Images; background by Noam Galai/Getty Images)

Neiman Marcus files for bankruptcy, casting uncertainty over Hudson Yards

Neiman Marcus has filed for bankruptcy, a move that could have major implications for Related Companies’ luxury Hudson Yards...

Neiman Marcus files for bankruptcy, casting uncertainty over Hudson Yards
Related CEO Jeff Blau (Photo by Arturo Holmes/Getty Images)

Jeff Blau predicts “wave of defaults” on commercial and hotel loans

Related CEO Jeff Blau says he anticipates there will be a wave of defaults on commercial and hotel loans...

Jeff Blau predicts “wave of defaults” on commercial and hotel loans
The Saudis have made a major bet on Related

The Saudis have made a major bet on Related

Stephen Ross’ Related Companies has landed a major investment from the Public Investment Fund, the sovereign wealth fund controlled by Saudi Arabia’s crown prince Mohammad Bin Salman Al Saud, according to a new report....

The Saudis have made a major bet on Related
Related CEO Jeff Blau (Photo by Jared Siskin/Patrick McMullan via Getty Images)

Related’s Blau on tenants with cash: “It’s their obligation to pay”

With a $97 billion real estate portfolio, Related Companies faced a reckoning this month. But after bracing for a...

Related’s Blau on tenants with cash: “It’s their obligation to pay”
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