The Latest

Domio’s interim CEO Jim Mrha (Photos via Domio; iStock)
National

Domio not shutting down, plans “financial re-engineering”

Reports of Domio’s demise have been greatly exaggerated, according to the company’s interim CEO. In response to a recent...

Domio not shutting down, plans “financial re-engineering”
Macy’s CEO Jeff Gennette (Getty; iStock)
National

Macy’s experiments with “dark stores”

As Macy’s grapples with a net loss of $91 million in the third quarter, the brand is reimagining what the future of its business may look like. One possible answer: fulfillment centers. As two...

Macy’s experiments with “dark stores”
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
TriArch Real Estate Group Chris DeAngelis and Pebb Capital James Jago (Photos via TriArch; Pebb Capital; iStock)
National

Dorms no more: Student housing turns into high-end apartments

Developers are eyeing sparsely-populated student housing as an opportunity to create high-end apartments for professionals. According to data from...

Dorms no more: Student housing turns into high-end apartments
Ares Management CEO Michael Arougheti (Getty)
National

Ares, Regis gather $1B to join ground lease race

Safehold now has competition. Global alternative investment manager Ares Management and Regis Group, a London-based global investor and operator,...

Ares, Regis gather $1B to join ground lease race
Domio's CEO Jay Roberts and Chief Strategy Officer Adrian Lam (Photos via Domio)
National

Short-term rental operator Domio shuts down

Short-term rental operator Domio is reportedly going out of business. The startup, which was founded in 2016, will shut down and sell its assets through an assignment for the benefit of creditors, with Sherwood...

Short-term rental operator Domio shuts down
NYC & Company projects tourism to reach only one-third of last year’s number, with just 22.9 million visitors expected this year. (Getty)
New York

New York’s tourism industry faces long recovery

A new forecast projects New York’s tourism industry might not recover from its pandemic-related woes for at least four...

New York’s tourism industry faces long recovery
Brookfield Property Partners chairman Ric Clark and former Tishman Speyer executive Philip “Tod” Waterman (Getty; LinkedIn)
National

Ric Clark and Tod Waterman launch investment firm

Brookfield Property Partners chairman Ric Clark is partnering with former Tishman Speyer executive Philip “Tod” Waterman to start a...

Ric Clark and Tod Waterman launch investment firm
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