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The mirage of low interest rates
National Issue

The mirage of low interest rates

Record-low interest rates have created an unprecedented opportunity for homebuyers. That’s the party line in the residential industry. But that’s not how things are playing out on the ground. Many buyers have little chance...

The mirage of low interest rates
Issuance of single-asset/single-borrower (SASB) loans is likely to increase in 2021. Major assets like One Manhattan West, Hudson Pacific’s Hollywood studio portfolio, and the MGM Grand & Mandalay Bay were financed with SASB deals this year. (Photos via SOM, Shimahara Illustration, and iStock)
National Insights

Here’s what 2021 has in store for the CMBS market

After a hot start in the first two months of 2020, the market for commercial mortgage-backed securities came to...

Here’s what 2021 has in store for the CMBS market
Former J. Crew CEO Mickey Drexler and 760 N Walnut Ave, Ketchum (Getty; Realtor)
National Weekend Edition

Former J. Crew CEO Mickey Drexler sells Idaho estate

Former J. Crew CEO Mickey Drexler sold his Idaho estate and a pair of neighboring lots for $11 million....

Former J. Crew CEO Mickey Drexler sells Idaho estate
Singapore (iStock)
National Weekend Edition

Singapore luxury market rebounds despite fewer foreign buyers

Singapore’s housing market has rebounded from the lows brought on by the pandemic earlier this year, even with fewer...

Singapore luxury market rebounds despite fewer foreign buyers
San Francisco (iStock)
National Weekend Edition

In remote work world, some tech CEOs are leaving Bay Area

Tech industry workers aren’t the only ones leaving San Francisco for new digs. So are their bosses. Several industry...

In remote work world, some tech CEOs are leaving Bay Area
The tax break allows foreign visitors to reclaim a sales tax of 20 percent on items bought in the country for more than £30 (Getty; Unsplash)
National Weekend Edition

UK tax break expiration could hurt struggling retailers

A popular tax break is expiring in the United Kingdom in January, threatening the country’s status as a shopping...

UK tax break expiration could hurt struggling retailers
Istanye Park in Istanbul (Photo via Wikipedia Commons)
National Weekend Edition

Turkish mall valued at $1B in deal with Qatar

Turkish investment giant Dogus Holdings AS has agreed to sell a 30 percent stake in a high-end Istanbul shopping...

Turkish mall valued at $1B in deal with Qatar
For many movie theaters, Covid-19, which has kept viewers at home and new releases from the screen, feels like the final curtain. (iStock)
National

Curtains: What to do with movie theaters

Even before the pandemic, Ari Benmosche realized that running his movie theater in a traditional sense wasn’t sustainable. The owner of the Lafayette Theater, a small venue in Suffern, New York, has shown the...

Curtains: What to do with movie theaters
RMBS then and now: Do securitized home loans still matter?
National Issue

RMBS then and now: Do securitized home loans still matter?

Between April and June, when the pandemic went from a shocking jolt to a daily reality, a record number...

RMBS then and now: Do securitized home loans still matter?
Steven Roth and 220 Central Park South, which has effectively created its own tier of the luxury market.
New York Issue

The inside story of the world’s most profitable condo

If not for 220 Central Park South, Vornado Realty Trust’s recent financials would have been a horror show. Vornado,...

The inside story of the world’s most profitable condo
A new report finds that Hamptons prices skyrocketed as demand outpaced supply this year (iStock)
Archive

Report details Hamptons rental boom

The Hamptons’ rental market had a booming season, yet the number of online bookings failed to surpass last year’s, a new report found. Homes did not sit empty. Rather, many owners pulled their homes...

Report details Hamptons rental boom
(Illustration by Maciej Frolow)
Archive Issue Subscriber

The suburban S.A.L.T. shakeout

For Vicki Gaily — co-owner and marketing director of the northern New Jersey-based brokerage Brook Hollow Group — this year is shaping up to be far better than 2018. Gaily’s firm, which is affiliated...

The suburban S.A.L.T. shakeout
Gov. Phil Murphy (left) and billionaire David Tepper
National Archive Issue

Does taxing the wealthy really drive them away?

This year’s spring housing market came a couple of months later than usual to the leafy suburbs of New...

Does taxing the wealthy really drive them away?
Connecticut sales soar in third quarter, reflecting a shift toward more space and work-from-home. (iStock)
Archive

Connecticut sales soar in third quarter

Connecticut is seeing more than just leaves changing color and flight-avoiding tourists. It’s also seeing a high volume of home buyers looking to move. Sales of single-family homes in the third quarter increased 30...

Connecticut sales soar in third quarter

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