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JLL CEO Christian Ulbrich (Ulbrich by Jemal Countess/Getty Images for Women's Forum of New York)

JLL profits halved by pandemic

JLL’s profitability fell by more than half during the second quarter as fees from brokering office leases around the world slowed to a trickle. JLL, the second-biggest real estate services firm in the world,...

JLL profits halved by pandemic
Simon Property Group’s David Simon and Gap CEO Sonia Syngal (Getty, Wikipedia, iStock)

Simon strikes back at the Gap with $107M lawsuit

Call it a retail rumble, with Simon Property Group in one corner and its largest national tenant in the...

Simon strikes back at the Gap with $107M lawsuit
Deutsche Bank CEO Christian Sewing and President Donald Trump (Sewing by Thomas Lohnes/Getty Images; Trump by Drew Angerer/Getty Images)

Deutsche Bank probed in Manhattan DA’s Trump Org investigation

New York prosecutors’ investigation into the Trump Organization may run even deeper than was previously known. The Manhattan district...

Deutsche Bank probed in Manhattan DA’s Trump Org investigation
For the first time since the start of the coronavirus crisis, the percentage of CMBS loans that are more than a month behind on payments has gone down. (iStock)

TRD Insights: CMBS delinquencies decline as borrowers get relief

The delinquency rate of CMBS loans has declined — slightly — for the time since the start of the...

TRD Insights: CMBS delinquencies decline as borrowers get relief
Left to right: Metaprop partners Zach Aarons, Aaron Block, Zak Schwarzman and Maureen Waters (Images via Metaprop)

MetaProp seeks $200M to back bigger startups

MetaProp, a New York-based venture capital firm, is looking to raise $200 million — its biggest fund yet —...

MetaProp seeks $200M to back bigger startups
Chief Justice Tani Cantil-Sakauye (UCDavis, iStock)

California eviction and foreclosure ban could end Aug. 14

Ready or not, California is poised to end its historic ban on evictions and foreclosures, a possibility that has...

California eviction and foreclosure ban could end Aug. 14
How new HVAC requirements will affect store reopenings and sustainability goals

How new HVAC requirements will affect store reopenings and sustainability goals

Fighting climate change just got a lot harder. Thanks to COVID-19, reducing carbon emissions from buildings is even more...

How new HVAC requirements will affect store reopenings and sustainability goals
Barry Sternlicht (Getty, iStock)

Starwood’s Barry Sternlicht predicts demand for hotels, retail will not return to pre-Covid levels “for awhile”

Barry Sternlicht compares the coronavirus pandemic to a race at the Indianapolis Speedway gone wrong. As a pace car laps around the track, lenders...

Starwood’s Barry Sternlicht predicts demand for hotels, retail will not return to pre-Covid levels “for awhile”
eXp Realty founder and CEO Glenn Sanford (Image via eXp)

Virtual broker eXp sees record profits in Q2

Virtual brokerage eXp Realty’s profits surged to a record $8.3 million during the second quarter as homebuying was forced...

Virtual broker eXp sees record profits in Q2
Walker Tower at 212 West 18th Street with in-contract buyer Ron Vinder (left), and prior owner Khadem al-Qubaisi (right) (Images from JDS Development, Morgan Stanley, Pixabay)

NYC condo board fights “low-ball” sale of 1MDB-linked penthouse

In order to prevent the U.S. government from selling a 1MDB scandal-linked penthouse at a steep discount, the condo...

NYC condo board fights “low-ball” sale of 1MDB-linked penthouse
Home sale price declines are expected for July, after a recent bump, according to a CoreLogic report. (iStock)

Home sale prices got a bump, but a drop is coming: Report

Home sale prices nationwide rose in June, though experts predict price growth will falter in July when the numbers...

Home sale prices got a bump, but a drop is coming: Report
Matthew Kramer, Victor Petrescu, Sebastian Jaramillo and Gov. Ron DeSantis (Getty, iStock) 

Eviction, foreclosure freeze in Florida delaying inevitable flood of cases

Florida Gov. Ron DeSantis’ latest extension of the ban on residential foreclosures and evictions is expected to flood the...

Eviction, foreclosure freeze in Florida delaying inevitable flood of cases
The weekly survey tracking purchase loans saw a seasonally adjusted decline of 2 percent in the final week of July. (iStock)

Home loan applications fall again amid tight credit rules, weak job market

The volume of applications for home loans fell again last week, due to a weak job market and tightening...

Home loan applications fall again amid tight credit rules, weak job market
ADT CEO Jim DeVries and Google CEO Sundar Pichai (ADT; Pichai by Stephanie Keith/Getty Images; Nest via wallpaperflare)

Why Google bet $450M on ADT

Google and ADT are teaming up to go after the burgeoning smart-home market. In a partnership announced Monday, Google said it will invest $450 million for a 6.6 percent stake in the security giant....

Why Google bet $450M on ADT
(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
Photo illustration of Hudson Pacific Properties CEO Victor Coleman and Blackstone Group President Jonathan Gray (Coleman by Rich Polk/Getty; Gray by Drew Angerer/Getty; Top Gun by Paramount Pictures/Sunset Boulevard/Corbis/Getty)

Inside Hudson Pacific and Blackstone’s field of streams

As many developers just try to hang on during the pandemic, Victor Coleman is celebrating. During an earnings call...

Inside Hudson Pacific and Blackstone’s field of streams
Hotelier Monty Bennett and Marriott Beverly Hills (Bennett via Ashford Inc.; Marriott via Booking)

SEC opens investigation into hotelier Monty Bennett’s companies

Texas-based Hotelier Monty Bennett and his affiliated companies came under public scrutiny in the spring when they received $68...

SEC opens investigation into hotelier Monty Bennett’s companies
B. Riley Real Estate president Michael Jerbich and  J.C. Penney CEO Jill Soltau (Getty, Linkedin, J.C. Penney)

J.C. Penney taps Cushman, B. Riley to sell 163 locations

As part of its plan to reduce its portfolio and cut costs amid Chapter 11 bankruptcy, J.C. Penney is...

J.C. Penney taps Cushman, B. Riley to sell 163 locations

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