Does “essential” status jeopardize brokers’ unemployment claims?
As brokers come to terms with the state’s reclassifying some of their work as essential, many are worried it...
Coronavirus Real Estate
The Latest
For second week, Manhattan records just two luxury contracts
It was a gloomy, if not somewhat expected result for the city’s brokers, who are feeling the effects of...
“Total confusion” on whether appraisals, walk-throughs, virtual showings are allowed
Are appraisers permitted in homes? Are virtual showings allowed? Can brokers do final walkthroughs with buyers? These are among...
Airbnb announces relief package. Some hosts say it’s not enough
Once again, Airbnb is in damage control. After facing backlash from hosts for changing its cancellation policy in response...
Luxury contract signings plunge after brokers ordered to stay home
If the real estate industry needed any more proof of the shattering effect of the coronavirus, a tally of...
WeWork under pressure for staying open in pandemic
WeWork is facing scrutiny for its decision to keep all its co-working spaces in New York City open as...
New York halts most construction
After facing pressure from city officials and workers, the state is shutting down all construction except work on infrastructure, healthcare facilities and affordable housing. The Empire State Development Corp. updated its guidelines Friday, saying...
Brooklyn development’s $150M loan falls into default
A $154.6 million loan for a Brooklyn development site has fallen into default, according to Apollo Commercial Real Estate...
The MIPIM conference will now be held in September — in Paris
Organizers of the annual MIPIM conference have notified attendees that the event will now take place in September, after...
Neiman Marcus in talks about possible bankruptcy: report
Luxury retailer Neiman Marcus Group is reportedly considering filing for bankruptcy as it struggles with $4.3 billion in debt....
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