Commercial Real Estate

Andrew Florance, CEO of CoStar (Photo by Jeffrey MacMillan for the Washington Post)

EXCLUSIVE: CoStar’s Andy Florance on buying Ten-X, the future of office buildings and why brokers don’t need discounts

Commercial real estate is navigating perhaps its greatest challenge in a generation, if not more. Many of the world’s most prominent companies have indicated...

EXCLUSIVE: CoStar’s Andy Florance on buying Ten-X, the future of office buildings and why brokers don’t need discounts
An institutional investor’s sale of a 7 percent stake in an exchange-traded real estate fund reveals deep concerns about the sector. (Credit: iStock)

Mystery investor dumps big stake in real estate fund

As stocks tumbled last week, an unknown institution sold more than 10.5 million shares of an exchanged-traded fund that...

Mystery investor dumps big stake in real estate fund
CoStar buying Ten-X for $190M

CoStar buying Ten-X for $190M

UPDATED 7:30 p.m., May 13: Commercial real estate data giant CoStar Group is purchasing Ten-X for $190 million, a move that would increase the publicly-traded CoStar’s presence in the distressed real-estate space. The all-cash...

CoStar buying Ten-X for $190M
Small landlords, such as Jan Lee, a New York landlord who owns two buildings, say Wall Street players will take their place unless rent relief comes soon. (Credit: Twitter; background via BRYAN R. SMITH/AFP via Getty Images)

Small landlords call for rent relief package, fearing Wall Street takeover

Calls for the government to bail out the rental housing market are getting louder, and they’re not just coming...

Small landlords call for rent relief package, fearing Wall Street takeover
TSCG and SCG Retail's David Firestein, Meridien Retail Leasing's James Famularo and Newmark Knight Frank's Jeffrey Roseman

Virus will leave lasting impact on retailers and their landlords, industry pros say

The near-total shutdown of New York City shops and restaurants during the coronavirus crisis will likely be felt for...

Virus will leave lasting impact on retailers and their landlords, industry pros say
Redfin CEO Glenn Kelman

Despite revenue uptick, Redfin posts $60M loss in Q1

Redfin posted a $60 million loss in the first three months of 2020, a period in which the company’s...

Despite revenue uptick, Redfin posts $60M loss in Q1
Bloomin’ Brands CEO David Deno and an Outback Steakhouse (Credit: Bloomin' Brands and Jeffrey Greenberg/Universal Images Group via Getty Images)

Outback Steakhouse cuts hours to the bone

Outback Steakhouse’s parent company is cutting hours for more than 2,600 employees across New York — the latest in a series of labor cuts in various states by the restaurant group. The Australian-themed chain’s...

Outback Steakhouse cuts hours to the bone
(Credit: iStock, Change.org)

Petition urges NYC landlords to go on “tax strike” to counter rent strike

In response to rent strikes, some landlords are threatening a strike of their own. An online petition headlined “Property...

Petition urges NYC landlords to go on “tax strike” to counter rent strike
Lawsuit against TPG trust could be an omen for CRE finance

Lawsuit against TPG trust could be an omen for CRE finance

A mortgage lender sponsored by investment giant TPG stopped funding a loan to a New York-based developer due to...

Lawsuit against TPG trust could be an omen for CRE finance
Shortly after announcing furloughs and pay cuts, Vox Media has folded Curbed into NYMag, which it bought in September

Curbed folded into New York Magazine

Curbed, a 14-year-old but recently hobbled digital publication focused on real estate and urban development, will be folded into New York Magazine on May 1. A spokesperson for Vox Media, the parent company of...

Curbed folded into New York Magazine
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