Life sciences boom continues with 36M sf in works
Demand for life sciences doesn’t seem to be letting up. As the need for wet lab space exceeds the...
Security deposit startup Rhino raises $95M, eyes IPO
Tishman Speyer seeks $250M for second blank-check firm
Real estate prices fell more in Manhattan than anywhere else in 2020
What last year’s biggest real estate lawsuits mean for 2021
Target’s expansion continues with takeover of old Kmart stores
Latest News
US home prices surged 9.5% in November
In November, indices tracking U.S. home prices surpassed a historic high point of nearly 15 years ago. The S&P CoreLogic Case-Shiller US National Home Price Index rose 9.5 percent year-over-year in November, up from...
Los Angeles
Matthew Perry parts with Malibu beach house for $13M
It’s one Los Angeles property down and another to go for Matthew Perry. The “Friends” star sold his beachfront...
Issue
These startups want to guarantee your rent
As millions of Americans struggle to pay their rent on time, investors are betting on a crop of startups to help landlords get their money. New companies such as Flex, Till and NestEgg have...
Multifamily landlords feel pain as tenants miss rent payments
Multifamily property owners fared better in the past year than those in other real estate sectors, but as the...
Rhino raises $95M and eyes IPO
Rhino, a startup offering an alternative to security deposits, has raised $95 million after a surge in demand sparked by the need for more affordable housing. The round, led by Tiger Global Management, values...
Tishman Speyer seeks $250M for second blank-check firm
With the ink barely dry on a deal to take smart-lock maker Latch public, Tishman Speyer has launched a...
Insights
Real estate prices fell more in Manhattan than anywhere else in 2020
Real estate prices in the U.S. have risen at a steady pace since the last recession, and even a...
Issue
What last year’s biggest real estate lawsuits mean for 2021
Partnerships crumbled, billion-dollar condo plans collapsed and commercial bankruptcies climbed. While there’s never a shortage of conflicts in a...
Target’s expansion continues with takeover of old Kmart stores
Target has scooped up five Kmart stores as the big-box chain continues to defy the financial havoc brought on...
New York Issue
Hospitality startups pick at carnage of failed rivals
Almost everything has remained the same at 70 Pine Street — the oak floors, modern furnishings and colorful art...
Forbearance rate stubborn among home-mortgage borrowers
Home-mortgage borrowers’ pandemic recovery has hit a wall. The forbearance rate among mortgage borrowers had been improving since peaking...
Stream this: Cinema chain AMC secures $900M in financing
While most of AMC’s movie theaters are now open nationwide, the cinema chain last month warned that it needed...
Latch to go public via Tishman Speyer’s SPAC
Tishman Speyer’s SPAC has found its match. The New York real estate giant announced that its special-purpose acquisition company,...
Quarters is out of cash, Convene’s revenue plunges
Spare a Quarter? The music has stopped for German co-living brand Quarters, whose U.S. expansion is ending in bankruptcy....
Issue
Hard money, hard decisions: Nonbank lenders face pressure to deal with problem loans
Downtown Capital Partners, an alternative lender based in White Plains, New York, fired off a note to All Year...
New York
The Closing: Ray McGuire
For this month’s The Closing, The Real Deal sat down with banker-turned-mayoral candidate Ray McGuire. Like many candidates in the Democratic primary, he lacks name recognition and experience in politics. Instead, McGuire, 63, was...
Weekend Edition
Big sale in Big Easy: Four Seasons penthouse breaks record
The $13 million penthouse sale at the soon-to-open Four Seasons New Orleans Hotel and Private Residences is the priciest...