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New York pols take aim at Opportunity Zones

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...

New York pols take aim at Opportunity Zones
Blackstone's Jonathan Gray (iStock, Getty)

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...

Blackstone says goodbye to CMBS fund
From left: G.H. Palmer's Geoffrey Palme, RFR Holdings' Aby Rosen, Macklowe Properties' Harry Macklowe, Thor Equities' Joseph Sitt and Ellicott Development's Carl Paladino (Getty, iStock)

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...

Harry Macklowe, Aby Rosen and Joe Sitt among 6,500+ developers, landlords who got PPP bucks
The financing deal comes after AMC theaters have been shuttered for months due to the coronavirus pandemic. (iStock)

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...

AMC nears deal to avoid bankruptcy
CIM Group’s Shaul Kuba, Knotel's Amol Sarva, The Agency’s Mauricio Umansky and Related Group’s Jorge Pérez (Getty, Sarva by Sasha Maslov)

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...

These real estate companies got fat PPP loans
Federal Reserve Chairman Jerome Powell (Getty)

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...

Real estate stocks benefit from second quarter rally
A photo illustration of Quora CEO Adam D'Angelo from a scene in the film The Matrix 

“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...

“Our HQ will be in the cloud”: What if remote-first work is an opportunity, not a compromise?
From left: Onay Payne, Jim Simmons, Margaret Anadu and Tammy Jones (Payne by Emily Assiran)

‘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...

‘Your pedigree is always questioned’: Black real estate execs push for change
William Millichap

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...

William Millichap of eponymous brokerage dies at 76
A new report says the virus will harm shopping malls especially (iStock)

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...

These 25,000 retail dinosaurs will meet the meteor this year
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