Mystery investor dumps big stake in real estate fund
As stocks tumbled last week, an unknown institution sold more than 10.5 million shares of an exchanged-traded fund that...
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Sale of Victoria’s Secret in jeopardy as buyer tries to back out
A private-equity firm poised to buy a majority stake in Victoria’s Secret wants out of the relationship. Sycamore Partners,...
“We’re going to have to redesign everything”: Flex-office heads discuss industry’s survival
UPDATED, April 23, 2020, 6:25 pm: When we finally leave our apartments, pale and scruffy after months at home, what will going back to...
Morgan Stanley on firm’s future: “Much less real estate”
In a terrible economy, Morgan Stanley CEO James Gorman appears to have found a silver lining. “We’ve proven we...
Cantor Fitzgerald to lay off hundreds of staff
Cantor Fitzgerald is reportedly planning to make hundreds of job cuts, a move that would mark the largest reductions...
How to value a property in the time of Covid-19
These days, Quinn Rawh drives from property to property wearing a mask and gloves and makes sure to have...
Banks get 120-day deferrals on appraisals
In an extraordinary move meant to keep real estate lending flowing, regulators are permitting banks to move ahead with closing loans without having an appraisal completed in advance. Federal banking agencies released an interim...
“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...
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...
Colony Capital sells stake in RXR Realty
Colony Capital has offloaded its stake in New York real estate firm RXR Realty for an undisclosed sum. The investment platform, led by Tom Barrack, sold the 27.2 percent stake to Dyal Capital Partners,...
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