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Georgia Kromrei






    (Photo illustration by Alexis Manrodt)
    National Issue

    A reckoning on rent

    Three of Petra Drauschak’s 14 tenants have abandoned their leases during the pandemic. One had already stopped paying by February 2020, when Covid began sweeping across the U.S., but Drauschak’s hands were tied by...

    A reckoning on rent
    From left to right: Keller Williams president Marc King, Carl Liebert, CEO of KWx, the parent holding company of KW and Gary Keller, executive chairman, KWx and Keller Williams. (Keller Williams/Illustration by Kevin Rebong for The Real Deal)
    National

    Keller Williams shakes up its C-suite

    The restructuring of Keller Williams’ C-suite continues, with the brokerage announcing a new president and a spate of executive promotions. The firm’s co-directors of growth, Marc King and Matt Green, will now serve as...

    Keller Williams shakes up its C-suite
    Cyrus Vance (Getty, iStock/Illustration by Alexis Manrodt for The Real Deal)
    National

    Prosecutor pushes for more LLC transparency

    A month after a federal law required more transparency on real estate transactions, Manhattan District Attorney Cyrus Vance wants it expanded. Vance is requesting the Treasury Department mandate more reporting from special purpose entities...

    Prosecutor pushes for more LLC transparency
    Blackstone CEO Jonathan Gray (Getty; iStock)
    National

    Blackstone revenue jumps in Q4

     Blackstone saw revenue jump in the fourth quarter, which the company attributed to some pandemic-resilient investments. The company reported $3.6 billion in revenue in the final quarter of 2020, up from $2.1 billion during...

    Blackstone revenue jumps in Q4
    Multifamily’s trillion-dollar tango
    National Issue

    Multifamily’s trillion-dollar tango

    Multifamily lenders and policymakers have taken much the same approach with evictions and mounting debt during the pandemic: Put things off and hope the rental market’s problems resolve themselves before it’s too late. That...

    Multifamily’s trillion-dollar tango
    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

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