New York Archive
Fear and loathing in a pandemic: Insurers battle business interruption claims
As a Las Vegas casino owner, Phil Ruffin is used to taking risks. But this time the odds seem...
Single-family home sales dip in October, but up 41% from last year
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Inside the ugly dispute between Michael Shvo and his partner pal
Michael Shvo’s rule-breaking had finally caught up with him. The controversial broker-turned-developer was sidelined on more than $2 billion...
Archive Issue
Women in the industry reflect on real estate’s glass ceiling
If ever there was a time to talk about sex and gender issues in New York City real estate,...
New York Archive Issue
How Blackstone plans to keep its upper hand in the downturn
Seated in the New York State Capitol’s Red Room, Gov. Andrew Cuomo introduced the team that would restart the...
Archive Issue
The brand dilemma: What Ryan Serhant’s new venture says about the future of brokerage
Only one of New York City’s top agents has half of a firm’s listings: Nest Seekers International’s Ryan Serhant....
Compass eyes IPO in 2021
Compass has tapped underwriters for a potential public offering that would be among the most buzzed-about IPOs in the residential world. The SoftBank-backed firm, which jolted traditional brokerages when it launched eight years ago,...
Single-family home sales dip in October, but up 41% from last year
Sales of new, single-family homes ebbed last month, but are still far ahead of where they were a year...
Pandemic takes drastic toll on dry cleaners
At J’s Cleaners, business had clawed up to 40 percent of pre-pandemic levels last month. But now, with Covid-19 soaring again, that number is expected to plummet. “If this thing keeps dragging, many small...
Real estate deals dominate Opportunity Zones. Is that bad?
Investment in Opportunity Zones is growing at a rapid pace, and so is skepticism about the program — and...
Ivanka Trump and Jared Kushner prepare NJ home for arrival
New Jersey could be getting some part-time neighbors back on a full-time basis. Ivanka Trump and Jared Kushner are...
Watch out Zillow, here comes CoStar
Having cornered commercial real estate, CoStar has a new target. The data giant’s $250 million purchase of Homesnap, announced Sunday, gives it a foothold in residential sales, where it will go head-to-head with Zillow,...
Issue
Behind Deutsche Finance’s American buying binge
When Deutsche Finance Group looked to crack the U.S. real estate market, it set its sights on a prime...
Mortgage requests surge ahead of Thanksgiving
As the holiday season kicked off, buyers and homeowners got hungry for home financing. An index tracking the number...
Partner
The office comes to hospitality and multifamily
The old office is dead. To be fair though, some argue it was dying long before the pandemic. Of...
Home insurance startup Hippo raises $350M
Home insurance startup Hippo has raised $350 million from Japanese insurance giant Mitsui Sumitomo. The deal comes just four months after the online insurance firm raised $150 million, valuing the company at $1.5 billion....
US home prices surged 6.6% in September
Housing prices continue to soar into the fall. Prices increased 6.6 percent year-over-year in September, according to the S&P CoreLogic Case-Shiller home price index, which tracks the housing market in 20 cities including New...
Tech giants occupy nearly 600M-sf of US real estate
The sluggish commercial real estate market is getting a boost from tech giants Amazon and Facebook, which have emerged...
Nazarian trades hotel assets including SLS, Delano to focus on virtual kitchens
UPDATED, Nov. 24, 4:56 p.m.: As a rising star of the Los Angeles club scene in the early aughts,...