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Georgia Kromrei






    Sen. Charles Schumer and President-elect Joe Biden (Getty)
    National

    Senate flip: 5 real estate takeaways

    When Joe Biden won the 2020 election, there was a significant hurdle between the president-elect and some real estate reforms he wanted: a Republican Senate. That changed Wednesday when two Democrats won Senate seats...

    Senate flip: 5 real estate takeaways
    (Clockwise from top left) Stephen Schwarzman of Blackstone Group, Scott Rechler of RXR Realty, Douglas Durst of the Durst Organization Jorge Pérez of the Related Group denounce Wednesday’s siege on the Capitol Building (Getty)
    National

    Real estate industry denounces “insurrection” in DC

    After a pro-Trump mob stormed the U.S. Capitol Building Wednesday, business and real estate leaders — even those who...

    Real estate industry denounces “insurrection” in DC
     U.S. pending home sales declined for the third consecutive month. (iStock)
    National

    Pending home sales decline for third straight month

     A measure of pending home sales declined for the third consecutive month, as prices rise and inventory shrinks. The...

    Pending home sales decline for third straight month
    We read the details on federal rent relief so you don’t have to. (Getty)
    National

    The nitty gritty on federal rent relief

     As the multifamily sector welcomed the inclusion of $25 billion in rental assistance in the federal relief package, it rushed to decipher the 5,000-page bill. Here are some key details. The funds will be...

    The nitty gritty on federal rent relief
    Jared Kushner (left); Charles Kushner (right); and Laurent Morali
    National Issue

    Kushner eyes return to normalcy. Good luck.

    When Kushner Companies paid $1.8 billion for 666 Fifth Avenue, a dated office tower that Brookfield’s Ric Clark once described as a “dinosaur,” it was supposed to cement Jared Kushner’s rise. The Kushner family,...

    Kushner eyes return to normalcy. Good luck.
    From left: Sen. Ron Wyden, Rep. Joaquin Castro, 666 Fifth Avenue and Jared Kushner (Getty; Google Maps)
    National

    Democrats launch probe into Kushner’s 666 Fifth Ave bailout

    Democrats in Congress have launched an investigation into whether the bailout financing for Kushner Companies’ 666 Fifth Avenue impacted...

    Democrats launch probe into Kushner’s 666 Fifth Ave bailout
    Market-rate apartment owners reported the lowest rent collection since early in the pandemic. (iStock)
    National

    Landlords jarred by sudden drop in rent collection

    Market-rate apartment owners just reported the lowest rental payment rate since April. In its monthly survey, the National Multifamily...

    Landlords jarred by sudden drop in rent collection
    Multifamily sector beating the odds
    National Issue

    Multifamily sector beating the odds

    While hotels, retail and offices sink, the multifamily sector is sailing along. Rent collection has been largely steady despite high unemployment and early threats of rent strikes. Occupancy, too, has suffered less than expected...

    Multifamily sector beating the odds
    Bain Capital's Kavindi Wickremage and Magnolia Capital's Maxwell Peek (Photos via Bain; Magnolia)
    National

    Bain, Magnolia target fixer-uppers with $900M joint venture

    Bain Capital Real Estate and Magnolia Capital are teaming up to acquire and renovate multifamily assets. The joint venture...

    Bain, Magnolia target fixer-uppers with $900M joint venture

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