Coronavirus Real Estate


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Brokers are worried that classifying their work as "essential" may hinder them receiving unemployment benefits

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...

Does “essential” status jeopardize brokers’ unemployment claims?
56 Leonard Street and 146 West 57th Street (Credit: Fruitpunchline via Wikipedia; Google Maps)

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...

For second week, Manhattan records just two luxury contracts
Are virtual showings allowed? Brokers are navigating a host of gray areas as they adjust to doing business remotely. (Credit: iStock)

“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...

“Total confusion” on whether appraisals, walk-throughs, virtual showings are allowed
Brian Chesky (Credit: Richard Bord/Getty Images)

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...

Airbnb announces relief package. Some hosts say it’s not enough
397 West 12th Street (Credit: Coleman Real Estate Group via StreetEasy)

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...

Luxury contract signings plunge after brokers ordered to stay home
WeWork is facing backlash for its decision to stay open and charge membership fees, despite government measures to stop the spread of coronavirus. (Photo by Noam Galai/Getty Images)

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...

WeWork under pressure for staying open in pandemic
New York Governor Andrew Cuomo (Credit: Drew Angerer/Getty Images, and iStock)

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...

New York halts most construction
Apollo Commercial Real Estate Finance CEO Stuart Rothstein and RedSky Capital principal Benjamin Bernstein (Credit: Apollo and ICSC)

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...

Brooklyn development’s $150M loan falls into default
Ronan Vaspart, Director of MIPIM (Credit: Reed MIDEM)

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...

The MIPIM conference will now be held in September — in Paris
The lifeline would allow the company to continue operating while it puts together a recovery plan. (Photo by Noam Galai/Getty Images)

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....

Neiman Marcus in talks about possible bankruptcy: report
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