Chinese developers in US struggle as Evergrande mess threatens business back home
As the mess over China Evergrande Group — now the world’s most indebted developer — threatens to blow up...
Issue
The big inflation hedge that wasn’t
Real estate is a good hedge against inflation. So now that rising prices are dominating the economic discussion, one would expect a surge in real estate investment. But in the Covid era, that has...
New York
Ida flooding caused up to $24B in property damage Northeast: study
Catastrophic flooding in the wake of Hurricane Ida caused up to tens of billions of dollars in damages to...
Hurricane Ida threatens $7B of CMBS
Amid the wreckage that Hurricane Ida wrought when it slammed into the Gulf Coast over the weekend, upwards of $7 billion worth of commercial real estate loans could be affected as the region deals...
As more employers mandate vaccination, landlords let tenants decide
As Covid surges again across the nation, businesses and governments are increasingly mandating staff members get vaccinated. Big tech,...
Flush with cash, CBRE is ready to spend
Expect more blockbuster deals from CBRE on the heels of its $1.3 billion investment in global project manager Turner & Townsend. “We still have a very strong M&A pipeline. I think we’re going to...
New York
Lev raises $30M Series A round
New York City–based Lev completed a $30 million Series A funding round to help expand its commercial real estate finance platform. The two-year-old startup, which uses data and automation to help building owners compare...
New York
Is developer Josh Schuster’s fast rise spiraling out of control?
People couldn’t help but be impressed when they visited Josh Schuster’s office at 40 West 57th Street. The sleek...
Issue
With major financial choices to make, Newmark receives $850M infusion
What to do with $850 million? That’s the question Newmark is now asking itself. By virtue of some Wall...
Issue
The Closing: Janice Mac Avoy
When real estate’s wealthiest and most powerful have it all on the line, they call Janice Mac Avoy. Take the $5.45 billion sale of Stuyvesant Town. When bondholders sued to block the transaction, Mac...