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The economy beat expectations in June, adding 4.8 million jobs, with retail and hospitality leading the way. But a surge in coronavirus infections threatens further gains. (Getty)

Retail and hospitality led June job gains as virus surged

The U.S. added 4.8 million jobs in June and the unemployment rate fell to 11.1 percent, beating economists’ expectations....

Retail and hospitality led June job gains as virus surged
348 Court Street (Google Maps, Twitter/FDNY)

Building collapses in Brooklyn: FDNY

A three-story building at 348 Court Street in Brooklyn collapsed Wednesday evening. The New York City Fire Department received reports of the crumbled structure at 5 p.m., according to a spokesperson for the department....

Building collapses in Brooklyn: FDNY
Katerra CEO Paal Kibsgaard (Getty)

Construction startup Katerra lays off 400+ employees

SoftBank-backed construction startup Katerra has laid off more than 400 employees, one month after new CEO Paal Kibsgaard stepped...

Construction startup Katerra lays off 400+ employees
A rendering of 100 Claremont Avenue, Melissa Burch of Lendlease and Ron Moelis of L+M Development Partner (Getty, Robert A.M. Stern Architects)

L+M, Lendlease snag $250M loan for UWS tower

Ron Moelis’ L+M Development Partners and Lendlease are moving forward with a 42-story tower in Morningside Heights. The joint...

L+M, Lendlease snag $250M loan for UWS tower
The rate of job loss in America has stabilized, even though businesses continue to hemorrhage employees at unprecedented levels. (iStock)

Unemployment filings stabilize — but at record highs

Another 1.5 million Americans filed for unemployment benefits last week, about one-third fewer than the week prior. The number...

Unemployment filings stabilize — but at record highs
Housing construction hasn’t recovered to pre-pandemic levels yet, but more permits were issued last month than expected. (Credit: iStock)

Housing starts are still low, but jump in permits suggest builders are planning

The latest federal numbers show that homebuilders are planning more construction than expected, but actual construction is lagging. The...

Housing starts are still low, but jump in permits suggest builders are planning
David Pié and Glen McGorty 

City’s biggest construction union hits speed bump on road to independence

The city’s largest construction union has hit a snag in its journey to independence. David Pié, inspector general of...

City’s biggest construction union hits speed bump on road to independence
Renderings of 30 Hudson Yards, One Wall Street, 50 Hudson Yards, 500 Washington Street and 509 West 34th Street (Hudson Yards, COOKFOX, Wikipedia Commons)

TRD Insights: Most expensive active projects in NYC

Now that New York City has started to reopen, work can resume on some of its biggest and most...

TRD Insights: Most expensive active projects in NYC
New York City’s phase 1 reopening allows construction, retail and manufacturing to reopen, with restrictions. (Getty)

Here’s what New York’s reopening will look like for real estate

On Monday, New York City became the 10th (and final) region in the state to begin reopening after the...

Here’s what New York’s reopening will look like for real estate
(iStock)

Real estate stocks rally on strong May jobs report

Stock markets rallied on Friday following much stronger job gains in May than were expected, with many real estate...

Real estate stocks rally on strong May jobs report
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