Articles by Georgia Kromrei

From left: Joe Biden, Starwood Capital's Barry Sternlicht, Blackstone's Stephen Schwarzman and Donald Trump (Getty; iStock)

Where real estate’s investment giants stand on Biden vs. Trump

Private equity and other major investment firms have donated more to Joe Biden than President Donald Trump so far...

Where real estate’s investment giants stand on Biden vs. Trump
President Donald Trump and Joseph Biden (Getty, iStock)

Real estate donors backing Biden over Trump

As the pandemic continues to wreak havoc on real estate, industry donors are siding with Joe Biden over President Donald Trump, records show. They have so far given $17.1 million to the former vice...

Real estate donors backing Biden over Trump
Market-rate rent payments sink to lowest level since start of pandemic

Market-rate rent payments sink to lowest level since start of pandemic

(Source: National Multifamily Housing Council/Tableau) September rent payments for market-rate apartments nationwide fell, the largest drop since the pandemic...

Market-rate rent payments sink to lowest level since start of pandemic
(iStock)

Landlords and tenants blast CDC eviction ban

Jaime Cain, a real estate attorney in Rochester, New York, nabbed one of the first court dates for a...

Landlords and tenants blast CDC eviction ban
Refinancings, mortgage rates down as agencies postpone new fee

Refinancings, mortgage rates down as agencies postpone new fee

Refinancing activity and mortgage rates were down last week, while new purchases held relatively steady — but both figures...

Refinancings, mortgage rates down as agencies postpone new fee
President Donald Trump (Getty, iStock)

Evictions banned through December for most US tenants

The Trump administration today announced sweeping eviction protections in light of the health crisis. The public health order, a...

Evictions banned through December for most US tenants
Kamala Harris and donors (clockwise from lower left) Francis Greenburger, Ron Moelis, Douglas Durst, Charles O'Byrne and Jonathan Gray (Getty) 

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,...

Did Kamala Harris really stare down housing lenders?
Donald Trump (Getty, iStock)

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...

Federal aid dries up and eviction bans loom over landlords
Kamala Harris and Joe Biden (Getty)

Here’s the real estate record for Kamala Harris

While serving as California attorney general, Kamala Harris could have gone after Steve Mnuchin for alleged mortgage fraud at...

Here’s the real estate record for Kamala Harris
Secretary of Labor Eugene Scalia (Scalia by Samuel Corum/Getty Images; Noam Galai/Getty Images; Mike Pont/Getty Images)

Hospitality, retail led job gains in July

The hospitality, leisure and retail sectors led job gains in July, with unemployment levels improving slightly overall. Payroll employment rose by 1.8 million in July and the unemployment rate declined to 10.2 percent, following...

Hospitality, retail led job gains in July
(iStock)

“We’re seeing more militant direct action:” Tenant groups fight evictions with power drills and other tools

Responding to an eviction in progress in South Central Los Angeles, tenant organizers didn’t call a defense attorney. They called a contractor, who came...

“We’re seeing more militant direct action:” Tenant groups fight evictions with power drills and other tools
185 East 85th Street (Google Maps)

Rent overcharge case targets “The Jeffersons” tower

The Upper East Side tower that famously housed a TV family’s “de-luxe apartment in the sky” now faces sky-high...

Rent overcharge case targets “The Jeffersons” tower
Ventas slashes rents 45% on senior housing operator

Ventas slashes rents 45% on senior housing operator

Senior housing and medical office REIT Ventas has renegotiated leases for a firm that operates 121 of its senior...

Ventas slashes rents 45% on senior housing operator
President Trump (Getty, iStock)

Trump repeals HUD rule in bid to win over the ‘burbs

In an apparent bid to gain votes in suburban areas, President Donald Trump repealed an Obama-era fair housing rule....

Trump repeals HUD rule in bid to win over the ‘burbs
A July survey of Community Housing Improvement Program found that rent collections improved in NYC (iStock)

Rent collection jumps in NYC, ebbs in US

The owners of 400,000 New York City rent-stabilized apartments reported that rent collection improved markedly in early July, while a national survey found collection in market-rate apartments slipped. Their trade group Community Housing Improvement...

Rent collection jumps in NYC, ebbs in US
(iStock)

From LA to NYC, landlords are suing to resume evictions

Landlords across the country have filed lawsuits seeking to overturn state and local eviction moratoriums, saying the measures jeopardize...

From LA to NYC, landlords are suing to resume evictions
AOC blasts hospitality REITs for seeking federal aid to pay dividends

AOC blasts hospitality REITs for seeking federal aid to pay dividends

UPDATED, July 16, 2020, 5:56 p.m.: U.S. Rep. Alexandria Ocasio-Cortez is taking aim at real estate investment trusts that...

AOC blasts hospitality REITs for seeking federal aid to pay dividends
Survey finds 87.6 percent of tenants paid some rent this month

Armageddon on hold: 88% of tenants paying rent

With enhanced unemployment benefits set to expire this month, 87.6 percent of tenants paid some rent through July 13,...

Armageddon on hold: 88% of tenants paying rent
New York pols take aim at Opportunity Zones

New York pols take aim at Opportunity Zones

A new bill in Albany would eliminate a state tax break that benefits real estate developers in New York City. The legislation would end New York’s share of the Opportunity Zone tax break for...

New York pols take aim at Opportunity Zones
(Illustration by Sebastien Thibault)

Pension fund money is getting tangled in some controversial housing deals

Madison Realty Capital, a private real estate investment firm heavily backed by public pension money, has been stuck with...

Pension fund money is getting tangled in some controversial housing deals
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