National October 2020 Issue


Does Brookfield’s balance sheet fully reveal the health of its real estate?

Standing in front of a mostly virtual audience in a fitted dark suit with slicked-back salt-and-pepper hair, Brian Kingston attempted to calm investors’ nerves about the coronavirus’ impact on real estate. “Ultimately, this is temporary,”  the CEO of Brookfield Property Partners said at the firm’s investor day in late September. “We will recover, we’ll come out the other side of it.” The numbers were concerning: As of Sept. 18, only… [more]

Can iBuying go the distance?

Can iBuying go the distance?

When George Schneider decided to sell his home this spring, Opendoor made him an offer he couldn’t refuse. Schneider had paid $76,750 for his three-bedroom stucco house in the Phoenix suburbs a decade earlier....

Can iBuying go the distance?
This man wants to make your home a commodity

This man wants to make your home a commodity

In Opendoor’s early days, employees knew what they were up against. And if they didn’t, Spencer Rascoff spelled it...

This man wants to make your home a commodity
The metamorphosis of the metropolis

The metamorphosis of the metropolis

After years of sparring over its highest and best use, the fate of 5 World Trade Center was left to a competition. The Port Authority of New York and New Jersey and the Lower...

The metamorphosis of the metropolis
When the stars no longer align

What Ryan Serhant’s new venture says about the future of brokerage

Only one of New York City’s top agents has half of a firm’s listings: Nest Seekers International’s Ryan Serhant. No one else is even close. The celebrity broker’s team has $583.9 million of Nest...

What Ryan Serhant’s new venture says about the future of brokerage
Inside Ryan Serhant’s new brokerage

Inside Ryan Serhant’s new brokerage

Ryan Serhant’s decision to launch his own brokerage last month reignited a popular debate in the residential real estate industry: What’s the best way to harness an agent’s star power? Though Serhant’s breakaway embodies...

Inside Ryan Serhant’s new brokerage
Real estate’s heavy workout

Real estate’s heavy workout

Barneys’ former space on Madison Avenue was hanging by a thread. A $76 million balance on the building’s debt, which Ashkenazy Acquisition took out in 2010, was set to mature in July. And after...

Real estate’s heavy workout
The condo market’s ultimate test

For struggling condos, the pandemic proves the ultimate test

A partially built condominium in Manhattan’s Financial District cuts a melancholy figure on an overcast Saturday in August. The front of the building, an exposed checkerboard of unfinished apartments, stretches 912 feet upward into...

For struggling condos, the pandemic proves the ultimate test
Does taxing the wealthy really drive them away?

Does taxing the wealthy really drive them away?

This year’s spring housing market came a couple of months later than usual to the leafy suburbs of New...

Does taxing the wealthy really drive them away?
All Squared Up

All Squared Up

It’s hard to pigeonhole Square Mile Capital. The investment firm has been among the most active players of this cycle in all parts of the real estate ecosystem, from construction lending to distressed opportunities...

All Squared Up
The Closing: Wendy Silverstein

The Closing: Wendy Silverstein

Wendy Silverstein’s career has been all about getting her hands dirty. The 17-year veteran of Vornado Realty Trust helped grow the company from a $3 billion owner of New Jersey strip malls to a...

The Closing: Wendy Silverstein
Stuart Elliott

Editor's note: An urban identity crisis

Here’s a quick rundown of where the country’s top real estate market is at, more than six months into...

Editor's note: An urban identity crisis

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