April 2020 Issue

An era of pestilence

 In just three months, the coronavirus ravaging the globe has infected at least 750,000 people and killed nearly 37,000. And those are just the confirmed numbers. The pandemic has also stopped the longest-running bull market in history, put the world’s biggest economies into intensive care and become a mortal threat to storied companies. In less than a month, the Dow Jones Industrial Average sank 35 percent before Congress passed a… [more]

Diagnosing real estate’s work from home syndrome

Longtime broker Leonard Steinberg… [more]

Brought down by the lockdown

By early March, Terminal 1 of John F. Kennedy Airport, one of the busiest airports in the country, was nearly a ghost… [more]

Breaking in the outbreak

No one is immune to the coronavirus, nor is any company immune to the economic crisis the pandemic is inflicting. And just as some people exposed to the virus barely… [more]

Through a glass darkly

The United States is now at the forefront of the coronavirus pandemic, after weeks of watching from a distance as it engulfed one country after another. China, South Korea and… [more]

Behind real estate’s tangled mob ties

During a court hearing this winter,… [more]

The Waldorf Astoria’s
big gamble

At a launch event for the refurbished Waldorf Astoria in early March, Douglas… [more]

The Closing: Simon Ziff

Simon Ziff has been at the helm of Ackman-Ziff Real Estate Group since 1995. As one of the most prominent boutique real… [more]

Is it over for iBuying?

It was just a few months ago that Zillow was being asked every five minutes to… [more]

Reforming REITs

Simon Property Group’s $3.6 billion purchase of rival mall owner Taubman Centers in February may seem like just another example of the retail sector’s recent travails. But the takeover actually… [more]

Going off road to avoid StreetEasy

Over the first few months of 2020, real estate agents began seeing a strange new trend in their inboxes: emails advertising… [more]

Chera on top

The retail apocalypse delivered a one-two punch to Vornado Realty Trust last year when a pair of its largest retail … [more]

Manhattan Office market robust despite February drop

Coming off a record year for office leasing in 2019 — was the highest since 2001 — February numbers showed a… [more]

Multifamily market still struggles with political risk

Multifamily investment sales have yet to recover from the impact of last year’s momentous rent-law reform, … [more]

Editor’s note: Is there shelter from the storm?

Our great gathering places have shut down. Our lives are now defined by shelter in place, these four walls and a roof that separate us from other people (although, thankfully… [more]

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