Hudson officials question developer’s request for millions in tax breaks
Some local officials are taking issue with a developer’s request for millions of dollars in tax breaks for a...
Frank Sciame buys Gold Coast mega-mansion. Now what?
Hudson officials question developer’s request for millions in tax breaks
Work to resume on stalled White Plains apartment project
Birch Group buys Princeton office portfolio from BentallGreenOak
Westchester town cancels land sale done without public bidding
Latest News
National
Here’s where foreign homebuyers came from and bought during pandemic
International sales were severely hampered by the pandemic in 2020, but buyers from several countries still managed to pluck...
National
Commercial property sales outpace pre-pandemic figures in Q2
Commercial property sales are broadly rebounding to pre-pandemic levels across the country, though the same success isn’t being seen...
National
Sam Zell’s Equity Residential reports recovery in rental occupancy
The pandemic hit the bottom line of Sam Zell’s Equity Residential pretty hard, but the worst is finally in...
National
Nearly $10M settlement for “cooked” SF condo owners
A San Francisco condo association that argued some of its owners were being “cooked” inside their homes settled with...
National
Landlords sue federal gov’t over rental losses during CDC eviction ban
In three days, the federal ban on evictions is set to expire, allowing landlords in most states to take...
National
Unibail-Rodamco plans “radical reduction” of regional malls
Unibail-Rodamco-Westfield will look to sell its regional malls in the U.S. as it struggles to recover from the pandemic’s...
Frank Sciame buys massive Gold Coast mansion. Now what?
Frank Sciame is celebrating the Roaring 2020s with a Long Island estate worthy of Jay Gatsby. The New York...
Miami
Party over? Pharrell’s Goodtime Hotel in Miami Beach could lose entertainment permit
Hospitality mogul David Grutman and rapper and entrepreneur Pharrell Williams could use some good vibes for their Goodtime Hotel....
National
Covid surge, CDC reversal upends back-to-office plans
As the Delta variant fuels a nationwide surge in Covid cases, employers’ return-to-work plans are being thrown into a...
National
Work-from-home threat “overstated,” Boston Properties CEO says
One of the nation’s largest office landlords isn’t worried about the rise of remote work. While the continued work-from-home...
National
Rise in home prices frees banks to offload mortgage risk
Banks are among the institutions taking advantage of a hot housing market by shedding mortgage risk with a new...
National
CBRE pays $1.3B for 60% stake in London-based project manager
In one of its biggest acquisitions ever, CBRE is paying $1.3 billion for a majority stake project manager Turner...
National Issue
How a Singaporean REIT’s mighty US hotel investment sunk
A retired British ocean liner. A decommissioned Soviet submarine. And now, a bankrupt Singaporean real estate investment trust. All...
National Insights
CMBS loan issuance is booming — but not in the usual areas
In the commercial mortgage-backed securities world, conduit loans have always been the bread and butter of the market. But...
National
CoStar Q2 net income down 17%
CoStar Group’s second quarter profits fell after a strong first quarter even as traffic on its analytics and online marketplace jumped. The real estate data giant posted $61 million in net income from April...
New York
Matt Lauer exposes Hamptons estate to the market
If at first you don’t succeed, try, try again. At least, that’s Matt Lauer’s plan for selling his massive...
National
Proptech revolution grows as landlords turn to big data to manage properties
The proptech revolution is accelerating as building operators turn to big data to monitor everything from tenant relations to...