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An institutional investor’s sale of a 7 percent stake in an exchange-traded real estate fund reveals deep concerns about the sector. (Credit: iStock)

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...

Mystery investor dumps big stake in real estate fund
A photo illustration of the Victoria's Secret storefront at 722 Lexington Avenue (Credit: Google Maps)

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,...

Sale of Victoria’s Secret in jeopardy as buyer tries to back out
From left: Knotel CEO Amol Sarva, Industrious CEO Jamie Hodari and Convene CEO Ryan Simonetti (Credit: Sarva via Sasha Maslov; Hodari via Rethink Events; Simonetti via Convene)

“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...

“We’re going to have to redesign everything”: Flex-office heads discuss industry’s survival
Morgan Stanley CEO James Gorman (Photo by Andrew Burton/Getty Images)

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...

Morgan Stanley on firm’s future: “Much less real estate”
Cantor Fitzgerald CEO Howard Lutnick (Credit: Lutnick by Rob Kim/Getty Images)

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...

Cantor Fitzgerald to lay off hundreds of staff
A look at some of the new methods to value and appraise homes in New York during the state of emergency brought about by coronavirus (Illustration by The Real Deal; Credit: Rechanfle via Flickr)

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...

How to value a property in the time of Covid-19
Miller Samuel's Jonathan Miller and Department of the Treasury and Steve Mnuchin (Credit: Wikipedia; Getty Images)

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...

Banks get 120-day deferrals on appraisals
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
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
Colony Capital's Tom Barrack and RXR Realty's Scott Rechler (Credit: Getty Images)

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,...

Colony Capital sells stake in RXR Realty
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