National May 2020 Issue

Predatory instincts

Contrarian investors have billions in dry powder, but government relief efforts and a crowd of buzzards could complicate things

As the coronavirus pandemic bore down on the economy, veteran investor Tom Barrack emerged as one of the loudest voices urging a lifeline for the real estate industry. Barrack, the head of Colony Capital and a longtime friend of President Donald Trump, penned a series of much-discussed blog posts and took to the airwaves, warning that the real estate industry could collapse. His alarm hit close to home when Colony… [more]

When Zoom meetings go south

Children crashing a virtual deposition with cries of an overflowing toilet. A participant standing up during a business conference, not wearing trousers. Zoom meetings are the new norm for the… [more]

How Blackstone keeps its upper hand in a crisis

With a $152B war chest and no shortage of political muscle, the investment giant sees big opportunities in the pandemic

Seated in the New York State Capitol’s Red Room, Gov. Andrew Cuomo… [more]

Outdated or obsolete?

Opportunistic money is on the prowl as more landlords see rent collections dwindle

The lobby inside the Milstein family’s office building next to Grand Central Terminal looks like something from a tech influencer’s Instagram account. Intimately arranged lounge seating and workstations,… [more]

On the job

Office landlords and leasing brokers are hustling to adapt to a new way of life

As lockdowns lift and the work-from-home debate ranges on, office landlords are eager to get back to leasing and building out their spaces. “We have various construction projects we want… [more]

A residential reckoning

The pandemic wiped out the luxury condo market as we know it. What will it look like on the other side?

Arlene Reed is still reeling from a deal that took months to go into contract. By the end of February, the Warburg Realty … [more]

Construction industry looks for solid ground

The pandemic is plaguing projects, and many contractors are wobbling

In the best of times, construction is a complicated business. Labor problems, demanding developers, … [more]

Taxing times

State and local governments are struggling to collect property tax revenues — but many owners just can’t pay

With property tax deadlines quickly approaching — or having already passed — many state and local governments… [more]

The Closing: Barry Sternlicht

The Starwood boss on his bullish hotel bets, disdain for Amazon and complicated relationship with Trump

Barry Sternlicht, who has amassed an estimated net worth of $3 billion over the years, is co-founder, chairman… [more]

Landlords battle rent strikes across the U.S.

Holding a yellow rope to keep six feet apart, tenant advocates in Missouri slowly wound their way to the governor’s mansion in April. After a series of virtual demonstrations, and… [more]

A real estate earnings call season for the ages

UPDATED: May 14, 12:45 p.m.: After the roadshow, there are few theatrical moments in the life of a publicly traded real estate company. But four times a year, executives gear… [more]

Staying on the sunny side: South Florida resi brokers see upside in coronavirus

As the rest of the country was shutting down in March, South Florida’s top brokers were getting phone calls from wealthy out-of-towners looking for high-end homes they could rent —… [more]

“We’re like pretty much everybody else right now”: LA’s developers confront a new reality

Chris Rising is the type of customer banks ordinarily like to keep happy. His company Rising Realty controls roughly $1.5 billion worth of prime real estate across… [more]

Real estate players get creative on Zoom during lockdown

Virtual quiz shows, brokerage Oscars and oversized “Babyzilla” backgrounds on Zoom: Industry players are finding creative ways to make their audiences laugh during lockdown. Oli Farago, founder and CEO of… [more]

Editor’s note:
One nation, under Covid

After more than 17 years of coverage that’s spread from New York and its surroundings to South Florida, Los Angeles and Chicago, we’re excited to present a combined issue that… [more]