Brookfield’s internal affairs
By Keith Larsen | February 18, 2021 12:00PM
There are several reasons why taking Brookfield Property Partners private might be a bad deal. The company’s investors lose a lucrative dividend, hundreds of millions of dollars worth of fees to its parent Brookfield...
Brookfield’s internal affairs
Making sense of the SPACe race
By E.B. Solomont | February 18, 2021 12:00PM
When Fifth Wall Ventures decided to jump into the SPAC market in January, it targeted a raise of $250 million to take a startup public. Within three weeks, it upsized the offering — twice...
Making sense of the SPACe race
A reckoning on rent
By Georgia Kromrei | February 18, 2021 12:00PM
Three of Petra Drauschak’s 14 tenants have abandoned their leases during the pandemic. One had already stopped paying by February 2020, when Covid began sweeping across the U.S., but Drauschak’s hands were tied by...
A reckoning on rent
The Closing: Dov Hertz
By Rich Bockmann | February 18, 2021 12:00PM
Dov Hertz has left an indelible mark on New York’s skyline. Two marks, actually. Over the course of 14 years heading up acquisitions and assemblage for Extell Development, Hertz helped put together the sites...
The Closing: Dov Hertz
All Year’s bad year
By Kevin Sun | February 18, 2021 12:00PM
Delisted from the Tel Aviv Stock Exchange and facing foreclosure of its prized properties, Yoel Goldman’s All Year Management has had a rough couple of months since missing a bond payment and delaying financial...
All Year’s bad year
South Florida real estate on climate change: ‘Que Sera, Sera’
By Katherine Kallergis | February 18, 2021 12:00PM
Real estate is famously all about location. And in Florida, climate change is expected to put some of the...
South Florida real estate on climate change: ‘Que Sera, Sera’
“Torture song”: Landlord apologizes for blasting Barney theme to deter homeless
By Kevin Sun | February 17, 2021 01:46PM
UPDATED, 2:12 p.m., Feb. 11, 2021: “I love you, you love me, we’re a happy family!” For hundreds of...
“Torture song”: Landlord apologizes for blasting Barney theme to deter homeless
Smaller cities look to cash in on shift to remote work
By Akiko Matsuda | February 18, 2021 12:00PM
Taylor Allen said her life after college was a “little bit nomadic,” as she moved from Virginia to China...
Smaller cities look to cash in on shift to remote work
Where mayoral candidates stand on real estate
By Kathryn Brenzel | February 18, 2021 12:00PM
As more candidates join the New York City mayoral race, they threaten to hit a critical threshold: how many...
Where mayoral candidates stand on real estate
Socialists sit out race for mayor
By Kathryn Brenzel | February 18, 2021 12:00PM
Council member Carlos Menchaca is a thorn in real estate’s side: He stopped the Industry City rezoning, rallied opposition to a megaproject in Queens and argues that developers are getting rich while communities are...
Socialists sit out race for mayor
Check out anytime you like
By Rich Bockmann | February 18, 2021 12:00PM
With its hotels business battered by the pandemic, Ashford Hospitality Trust took a cold, hard look at its portfolio and came to a sobering conclusion: The REIT was simply going to walk away from...
Check out anytime you like
Walking on sunshine: South Florida multifamily gets out-of-state boost
By Wade Tyler Millward | February 18, 2021 12:00PM
When JLL’s Maurice Habif brought a 336-unit Hollywood apartment complex to market just before Labor Day, he noticed more...
Walking on sunshine: South Florida multifamily gets out-of-state boost
“We need more housing”: Q&A with BRP Companies’ Meredith Marshall
By Hiten Samtani | February 18, 2021 12:00PM
As a managing partner of BRP Companies, Meredith Marshall is one of the largest builders of affordable and workforce...
“We need more housing”: Q&A with BRP Companies’ Meredith Marshall
One year into pandemic, Fifth Avenue blighted by empty stores
By Rich Bockmann | Research By Lucas Heiberger | February 17, 2021 01:50PM
A social media campaign marketing an empty Fifth Avenue store with the hashtag #FifthAveStrong — meant to be a...
One year into pandemic, Fifth Avenue blighted by empty stores
Development boom in Super Bowl city: Tampa reaches for its real estate moment
By Francisco Alvarado | February 17, 2021 01:57PM
UPDATED, Feb. 5, 2:11 p.m.: The headliners in Tampa this weekend are no doubt Patrick Mahomes of the Chiefs...
Development boom in Super Bowl city: Tampa reaches for its real estate moment
How Quarters’ $300M US expansion ended in bankruptcy
By Erin Hudson | February 17, 2021 02:00PM
Developer Dana Spain was weeks away from finishing construction on a $20 million co-living project when she learned her...
How Quarters’ $300M US expansion ended in bankruptcy
Ex-Freddie Mac boss looks to become top agency-backed CRE lender
By Rich Bockmann | February 17, 2021 02:03PM
On his way to the top job at Freddie Mac, David Brickman transformed the multifamily division of the $2.5...
Ex-Freddie Mac boss looks to become top agency-backed CRE lender
President Joe Biden’s real estate checklist
By Erik Engquist | February 17, 2021 02:05PM
With one exception, real estate is not in Joe Biden’s immediate agenda. But within the next few months, the...
President Joe Biden’s real estate checklist
Editor’s note: Clawbacks, SPAC attacks … and Barney
By Stuart Elliott | February 18, 2021 12:00PM
Compass brokers vomiting over clauses in their contract. The “Barney” theme song being used to torture homeless people. A...
Editor’s note: Clawbacks, SPAC attacks … and Barney