More major retailers furlough employees, withhold rent
The retail bloodbath continued Tuesday as more major chain retailers said they would furlough employees, suspend rent and institute...
Home lending in the time of corona: “Underwriting is really difficult right now”
More major retailers furlough employees, withhold rent
Airbnb announces relief package. Some hosts say it’s not enough
Stimulus gives brokers lifeline, but may not be enough for deluge of unemployed
US will see $20B in retail loans come due starting this week
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Home lending in the time of corona: “Underwriting is really difficult right now”
How do you underwrite a home mortgage when the economy is in flux and everyone is forced to stay...
Retail rout continues as Simon furloughs a third of employees
Simon Property Group, the nation’s largest mall owner, is furloughing 30 percent of its workforce, the latest in a...
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...
Ginnie Mae to use natural disaster program to help struggling mortgage servicers
Nonbank mortgage lenders, who are bracing for a massive cash crunch as borrowers across the country seek loan forbearance...
Stimulus gives brokers lifeline, but may not be enough for deluge of unemployed
Real estate brokers are generally in the eat-what-you-kill business, working as independent contractors whose main source of income is...
Homeland Security says real estate is “essential business”
As the real estate industry remains split on whether the services it provides are “essential” during a pandemic, one...
Jeff Bezos pulls out of $90M deal for Beverly Crest’s “Enchanted Hill” property
In this time of crisis and economic turmoil, even the world’s richest man seems to be cutting back on...
“Kicking the can down the road”: Real estate industry says $2T relief plan doesn’t do enough
For much of the real estate industry, the $2 trillion stimulus package President Trump signed into law to bolster the economy doesn’t do enough....
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EB-5 is back in the doghouse
EB-5 was left out of Congress’ $2 trillion federal stimulus package bill, crushing developers’ hopes of getting cheap financing as real estate deals come to a halt. The federal program that allows foreign investors...
San Francisco’s Oceanwide Center has a new buyer
China Oceanwide’s deal to sell its flagship San Francisco development for $1 billion has fallen through following coronavirus-related delays....
Macy’s announces furloughs for “majority” of its workers
Macy’s Inc. will be furloughing most of its employees, starting this week, as Covid-19 continues to batter businesses large...
US will see $20B in retail loans come due starting this week
April 1 is looming large for businesses and individuals across the country, as it marks the first major due...
Redfin sells $110M stake to VC firm
Redfin just got a $110 million shot in the arm from an influential backer, as the discount brokerage looks to ride out economic turmoil caused by coronavirus. The Seattle-based brokerage said Monday that Durable...
WeWork lays off 250 more employees, but Covid-19 isn’t reason
WeWork laid off 250 more people on Thursday, but the decision was not made because of the coronavirus. The...
Airbnb suspends marketing, cuts executive pay in half
Airbnb has suspended all of its marketing in an attempt to save $800 million this year. Its founders will...
New Yorkers ship upstate and to the Hamptons to wait out coronavirus
It’s no secret to New Yorkers hunkering down in the city: many of their neighbors are missing. New Yorkers...
The end of Seattle’s construction boom
Washington Gov. Jay Inslee has put a halt to nearly all construction in his state to help stop the spread of coronavirus. Construction will stop at commercial and residential sites for two weeks as...
Unprecedented expectations around transparency: ILPA Principles 3.0 reflect an evolving and diverse private equity funds industry
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