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National September 2020 Issue

Real estate donors backing Biden over Trump

President Donald Trump and Joseph Biden (Getty, iStock)

As the pandemic continues to wreak havoc on real estate, industry donors are siding with Joe Biden over President Donald Trump, records show. They have so far given $17.1 million to the former vice president’s campaign and political action committees backing him, and $15.6 million to Trump, according to the Center for Responsive Politics, a nonpartisan research group which tracks money in U.S. politics. Although markets have prospered under presidents… [more]

Airbnb CEO Brian Chesky (Getty, iStock)

Why Airbnb is going public in a pandemic

By Sylvia Varnham O'Regan | September 21, 2020 07:00AM

An industrial design graduate from upstate New York, Brian Chesky wasn’t your typical Silicon Valley CEO when he began thinking in earnest about taking his company public. Nine years earlier, in 2008, he had...

Why Airbnb is going public in a pandemic
A nationwide sublease surge

A nationwide sublease surge

By Akiko Matsuda | September 21, 2020 07:00AM

When R/GA moved its New York headquarters to Brookfield Property Partners’ 5 Manhattan West, some praised the global advertising agency for adopting state-of-the art technologies entirely controlled by apps. The new 173,000-square-foot office was...

A nationwide sublease surge
Korean wave pours into U.S. commercial real estate

Korean wave pours into U.S. commercial real estate

By Kevin Sun | September 21, 2020 07:00AM

In April, as New York faced the darkest days of the coronavirus outbreak to date, the city’s biggest office...

Korean wave pours into U.S. commercial real estate
Mayor Bill de Blasio’s response to the budget crisis has been to seek federal aid and borrowing authority. (Getty, iStock)

NYC’s fiscal fiasco vexes real estate industry

September 20, 2020 07:33PM

Back when it was flush with cash, the de Blasio administration heeded developers’ request to add technical staffers at...

NYC’s fiscal fiasco vexes real estate industry
Timber REITs are having a mighty moment

Timber REITs are having a mighty moment

September 20, 2020 07:36PM

When the coronavirus crisis slammed the U.S. economy, owners of vast forests of timberland saw business take a big hit as most new construction ground to a halt along with demand for wood products....

Timber REITs are having a mighty moment
The Closing: Carl Weisbrod

The Closing: Carl Weisbrod

By Kathryn Brenzel | September 21, 2020 07:00AM

Carl Weisbrod has been a fixture in city government for more than four decades. He joined the administration of New York City Mayor John Lindsay as an attorney with the Department of Relocation in...

The Closing: Carl Weisbrod
The self-lockdown lifestyle of AKA’s Larry Korman

The self-lockdown lifestyle of AKA’s Larry Korman

By Erin Hudson | September 21, 2020 07:00AM

Life under quarantine has brought big changes for everyone. For Larry Korman — the head of property development, management...

The self-lockdown lifestyle of AKA’s Larry Korman
Editor’s note: We’re all holding our breath

Editor's note: We’re all holding our breath

By Stuart Elliott | September 21, 2020 07:00AM

If there’s one thing investors don’t like, it’s uncertainty. Unfortunately, that’s all we seem to have these days. As...

Editor's note: We’re all holding our breath

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