Jared Kushner’s plan to unload Cadre stake shelved by pandemic
Jared Kushner will have to hold onto his stake in Cadre, after the pandemic hit the startup’s bottom line....
Neiman Marcus committed to 50 years at Hudson Yards. It lasted 16 months.
Federal aid dries up and eviction bans loom over landlords
Here are the multifamily borrowers getting most forbearance from Fannie & Freddie
Simon, Brookfield in talks to buy bankrupt J.C. Penney
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What do we want? Mortgage relief!: Landlords plan LA protest
Downtown Los Angeles is no stranger to protests, but an unexpected group will be hitting the streets on Saturday...
SoftBank shovels another $1.1B into WeWork
SoftBank is pouring $1.1 billion more into WeWork as the flexible-office giant sees membership fall. In a memo to employees, chief financial officer Kimberly Ross called the infusion “another sign of SoftBank’s continued support...
Did Kamala Harris really stare down housing lenders?
Kamala Harris has a reputation as a tough negotiator, extracting the second-largest settlement in U.S. history from big banks,...
Ending 1031 exchanges: Would Biden’s plan hurt smaller owners more than Trump and peers?
Presidential candidate Joe Biden’s proposal to axe like-kind exchanges for real estate — part of his plan to offer...
Mortgage refis will get a lot more expensive. The industry isn’t happy
Homeowners looking to refinance their mortgage are going to be in for a pricier ride. And mortgage and housing...
Airbnb sues booking guest over unauthorized house party
Los Angeles and cities across California have been cracking down on short-term rental “party houses,” and now Airbnb is...
Bloomingdale’s sued for $2.5 million in missed rent
Bloomingdale’s is getting into some heat with its landlord. The famed retailer began skipping rent payments in April and...
Churchill Real Estate lines up $2B investment for residential lending
Churchill Real Estate has secured $2 billion to provide debt on residential real estate. The capital, raised from institutional...
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The homes of Kamala Harris
Sen. Kamala Harris, Joe Biden’s nominee for vice president, may have a convenient commute should her running mate win the 2020 presidential election. Harris owns an apartment in Washington D.C., which she bought for...
Here are the multifamily borrowers getting most forbearance from Fannie & Freddie
Since late March, Fannie Mae and Freddie Mac have been offering forbearance to multifamily borrowers hard hit by the...
Simon, Brookfield in talks to buy bankrupt J.C. Penney
Simon Property Group and Brookfield Property Partners are reportedly in advanced talks about buying J.C. Penney’s retail business. J.C....
Former JLL employee sues alleging toxic “boys club”
A former associate in JLL’s New York City office alleges she was fired after speaking up about what she...
Jeffrey Katzenberg sells Beverly Hills mansion for $125M
This ain’t no Quibi-sized deal. Jeffrey Katzenberg, the chairman of the short-form video content site and former boss of...
Federal aid dries up and eviction bans loom over landlords
Apartment owners like Jerry Waxenberg, whose firm owns several thousand units, are biting their nails over rent collections. Waxenberg...
Neiman Marcus committed to 50 years at Hudson Yards. It lasted 16 months.
UPDATED, Aug. 13, 2020, 9:18 am: When Neiman Marcus signed a lease to take over a massive space in...
AIG, Goldman lend on Shvo’s “Big Red” buy in Chicago
AIG and Goldman Sachs provided Michael Shvo and his partner with a $240 million loan to acquire Chicago’s “Big...