Issue
Contract killers: Construction disputes spell disaster for projects
Days before the opening of New York City’s second-tallest building, workers in Navillus T-shirts scurried around the construction site....
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Kathryn Brenzel
Katerra employees fire back with lawsuit over abrupt closure
Reports surfaced June 1 that construction startup Katerra was shutting down its U.S. operations. Three days later, mass layoffs...
Inside Katerra’s final days
Katerra’s cash position was “perilous.” Its biggest backer, SoftBank, bailed out the construction startup with a $200 million investment in December. Three months later, Katerra’s primary lender, Greensill Capital, became insolvent, sending the startup’s...
Katerra files for bankruptcy
Even after shedding hundreds of millions of dollars in debt late last year and receiving a $200 million bailout, Katerra has resorted to bankruptcy in its struggle to survive. The company filed for protection...
What Katerra’s shutdown means for clients, subsidiaries
Last week, “rumblings” from Katerra workers on a project site in Jersey City reached developer Paul Silverman. He then...
Issue
The social housing movement picks up steam
When Shaya Schreiber started searching for a home in Madison, Wisconsin, her options were limited. Student loans made the single mother of two ineligible for certain affordable housing and a market-rate home was beyond...
New York
Federal guidelines could complicate state’s rent relief rollout
Washington dished out a new set of guidelines for state-issued rent relief funds last week — specifications that could...
What Biden’s first 100 days meant for real estate
President Joe Biden’s administration on Wednesday unveiled a $1.8 trillion spending plan that would eliminate a “special real estate...
Bill targets discrimination in home and commercial appraisals
A new congressional bill seeks to root out racial discrimination in the residential and commercial real estate appraisal industry....
Building owners crucial to Biden’s climate goals
If President Joe Biden is to slash the country’s greenhouse gas emissions in half by 2030, he will need...