New York pols take aim at Opportunity Zones
A new bill in Albany would eliminate a state tax break that benefits real estate developers in New York City. The legislation would end New York’s share of the Opportunity Zone tax break for...
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Blackstone says goodbye to CMBS fund
Blackstone Group is throwing in the towel on a mortgage-backed securities fund. The company is winding down the Blackstone Real Estate Income Master Fund, which realized a 24 percent decline when the coronavirus struck...
Harry Macklowe, Aby Rosen and Joe Sitt among 6,500+ developers, landlords who got PPP bucks
With the free market in free fall, real estate bigwigs turned to Uncle Sam. Harry Macklowe, Aby Rosen and the U.S. subsidiary of Chinese...
AMC nears deal to avoid bankruptcy
AMC is trying to stave off the final curtain. The movie theater chain is close to hammering out a restructuring deal that would save it from bankruptcy, according to the Wall Street Journal. The...
These real estate companies got fat PPP loans
In New York, California, Florida and Illinois a total of more than 1,000 real estate and real estate-related businesses...
Real estate stocks benefit from second quarter rally
While hospitality companies and retailers have been among the hardest hit by the coronavirus, real estate stocks in the...
“Our HQ will be in the cloud”: What if remote-first work is an opportunity, not a compromise?
When it comes to the future of remote work, everyone and their landlord has weighed in. Owners of prime office buildings have dismissed remote...
‘Your pedigree is always questioned’: Black real estate execs push for change
From blatant racism to more subtle microaggressions, the predominantly white real estate industry can be an isolating place for...
William Millichap of eponymous brokerage dies at 76
William Millichap, one of the founders of Marcus & Millichap, has died. The commercial brokerage said Millichap’s death followed...
These 25,000 retail dinosaurs will meet the meteor this year
As many as 25,000 retail stores may close this year due to the coronavirus pandemic, with a majority closing...
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