National July 2020 Issue

The Closing: Hakeem Jeffries

Rising star in Congress on gentrification, housing discrimination and Trump’s real estate donors

It took Hakeem Jeffries three tries just to win one of 150 seats in the New York Assembly. Now he is in Congress, chair of the House Democratic caucus, a rising star in the party and a frequent guest on MSNBC. He was the lead Democratic sponsor of the bipartisan criminal justice reform signed into law by President Donald Trump in 2018. His 14th year in elected office has been… [more]

Real estate is acknowledging its diversity problem. Now what?

Industry executives are vowing to address longstanding racial disparities, but some say their latest efforts may be “too little too late”

The protest movement that swept the globe in the wake of George Floyd’s … [more]

Incidents at Nooklyn and Core outrage Black agents, staff

For weeks after the death of George Floyd at the hands of the police, Brooklyn agent Wileen Saint Louis watched as companies across corporate America spoke out against racial injustice… [more]

“Change is happening”: Inside real estate tech’s race to diversify their boards

As president of Ten-X Commercial from January 2019 to April 2020, Maureen Waters participated in an important quarterly ritual. Every three months, she helped to convene a meeting of the… [more]

“I had to be better, stronger, faster, more educated than my white male counterparts”

Basis co-founder and CEO Tammy Jones on building a business in a homogeneous industry

When Tammy Jones decided to … [more]

Don Peebles’ diversity
capital call

Veteran developer on how commercial real estate must address disparities in access to funding

Developer Don Peebles founded his eponymous firm in 1983. … [more]

A tough job at a rough time

Two female business leaders talk about the ongoing hurdles for minority- and women-owned companies in a high-stakes construction market

Wendy Peters got her start as a teller at Citibank and worked her way up… [more]

PHOTOS: Shutting back down

As the pandemic flares up in more than 20 states and many businesses are forced to reclose, the country’s top real estate markets are faced with new existential threats

Soon after reopening, many restaurants, bars and other businesses in cities that were pummeled by new Covid records in July are being forced to shut back down…. [more]

Gearing up for a virtual world tour

For tech companies that host remote showings, the pandemic has provided a jolt that could shake up the space

Last August, R.J. Pittman hopped on stage at a Las Vegas conference to … [more]

Mall owners team up with “dead-celebrity dealmaker” but can they rescue moribund retailers?

Deep into a marathon set of high-pressure meetings to save bankrupt retailer Aeropostale from being chopped up and sold for parts, Jamie Salter thought some comic relief was in order…. [more]

Airbnb banked on short-term rentals. Can it continue without them?

Just over a year ago, Lyric was riding high. On the heels of a $160 million funding round led by Airbnb, the short-term rental startup was plotting a massive expansion… [more]

“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 a portfolio of 700 age-restricted senior… [more]

Record-breaking surge in Covid cases spells trouble for South Florida’s hotel market

effrey Soffer’s iconic Fontainebleau Miami Beach was among the first… [more]

Inside LA’s biggest real estate corruption scandal in recent history

The clock was ticking for a developer’s big downtown Los Angeles debut. Carmel Partners was looking to get its planned mixed-use tower in LA’s growing Arts District across the finish… [more]

RE-closing time

Sizing up the latest impacts to real estate and other business sectors as Covid cases resurge

In just a matter of weeks, major markets reopened and shut back down. Throughout California, Florida and many other states, the alarms have been ringing once again — especially for… [more]

Editor’s note:
Can real estate race ahead?

An agent at a real estate brokerage in Brooklyn said he routinely witnesses unequal treatment from landlords when he submits applications from Black renters. To deal with it, he said… [more]

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