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THOR'S $150M LOAN ON 597 FIFTH HEADS TO SPECIAL SERVICING

Thor Equities' troubles at 597 Fifth Avenue are mounting. The firm's $105 million commercial mortgage-backed securities loan tied to...

TARGET PLANNING YET ANOTHER NYC STORE IN CHELSEA

Target is opening yet another location in New York City. The big-box retailer has signed a lease with ISJ Management at 258 Eighth...

 
 
 

STEVE WITKOFF BUYS WATERFRONT MIAMI BEACH LOT FOR $8M

A company tied to the Witkoff Group bought a vacant waterfront lot on Miami Beach's North Bay Road for $8 million. The New York-based...

COMPASS EYES POSSIBLE IPO IN 2021

Compass has tapped underwriters for a potential public offering that will be among the most buzzed-about IPOs in the residential world....

 
 
 

LENDLEASE TAPS NEW HEAD OF NYC CONSTRUCTION

Lendlease has promoted one of its veterans to lead the company's New York construction operations. Steven Sommer, who has worked for...

SINGLE-FAMILY HOME SALES DIP IN OCTOBER, BUT UP 41% FROM LAST YEAR

Sales of new, single-family homes ebbed last month, but are still far ahead of where they were a year ago. October sales fell to a...

 
 
 

CONVENE CLOSES MANHATTAN LOCATIONS AS CORPORATE EVENTS FAIL TO RETURN

As Manhattan's office landlords struggle to get people to return to the workplace, the city's biggest provider of on-demand, in-person...

PANDEMIC TAKES DRASTIC TOLL ON DRY CLEANERS

At J's Cleaners, business had clawed up to 40 percent of pre-pandemic levels last month. But now, with Covid-19 soaring again, that...

 
 
 

REAL ESTATE DEALS DOMINATE OPPORTUNITY ZONES. IS THAT BAD?

Investment in Opportunity Zones is growing at a rapid pace, and so is skepticism about the program - and whether its incentives for...

IVANKA TRUMP AND JARED KUSHNER PREPARE NJ HOME FOR ARRIVAL

New Jersey could be getting some part-time neighbors back on a full-time basis. Ivanka Trump and Jared Kushner are expanding their...

 
 
 

WINE SCION BOTTLES UP APARTMENT, TO LANDLORD'S DISMAY

For more than 45 years, New York wine enthusiast Peter Morrell and his wife, Cathy, rented a penthouse in a pre-war building near the...

INWOOD DEVELOPERS OUTLASTED LAWSUIT, BUT DAMAGE IS DONE

A lawsuit's demise secured Inwood's rezoning this week, but the litigation may have done lasting damage to some projects. The state's...

 
 
 

DINKINS IS GONE, BUT HIS REAL ESTATE LEGACY LIVES ON

With the city gripped by recession, Mayor David Dinkins didn't want to lose Morgan Stanley, a major taxpayer and employer, to the suburbs....

PROLOGIS PICKS UP MASPETH PARCEL FOR $51M

Prologis is broadcasting that the industrial market remains hot in the outer boroughs. The industrial giant picked up 223,000 square...

 
 
 

MANHATTAN, STATEN ISLAND ENTER LOCKDOWNS, BUT IS IT ENOUGH?

With Covid-19 on the rise, more areas of New York City will return to lockdown Wednesday. West Harlem, Hamilton Heights and parts of...

APPLE SNAGS MORE SPACE AT VORNADO'S 11 PENN PLAZA

Apple is betting big on Midtown: The tech giant has inked a deal to expand its offices at Vornado Realty Trust's 11 Penn Plaza. In...

 
 
 

HOME INSURANCE STARTUP HIPPO RAISES $350M

Home insurance startup Hippo has raised $350 million from Japanese insurance giant Mitsui Sumitomo. The deal comes just four months...

US HOME PRICES SURGED 6.6% IN SEPTEMBER

Housing prices continue to soar into the fall. Prices increased 6.6 percent year-over-year in September, according to the S&P CoreLogic...

 
 
 

TECH GIANTS OCCUPY NEARLY 600M-SF OF US REAL ESTATE

The sluggish commercial real estate market is getting a boost from tech giants Amazon and Facebook, which have emerged as some of the...

NAZARIAN TRADES HOTEL ASSETS INCLUDING SLS, DELANO TO FOCUS ON VIRTUAL KITCHENS

As a rising star of the Los Angeles club scene in the early aughts, Sam Nazarian helped create the hotel-as-party-spot with properties...

 
 
 



Some restaurants hate delivery apps, so they're seeking alternatives

Some restaurants hate delivery apps, so they're seeking alternatives

Despite seeking a new way to delivery, many restaurants are finding themselves tied to delivery services they hate, without a clear path out. Read more ...

New rule could allow poison gas, firing squads for US executions

New rule could allow poison gas, firing squads for US executions

The official told the AP the federal government “will never execute an inmate by firing squad or electrocution unless the relevant state has itself authorized that method of... Read more ...

Many turn to real Christmas trees as bright spot amid pandemic

Many turn to real Christmas trees as bright spot amid pandemic

With holiday parades and festivals canceled, stir-crazy families also are looking for a safe way to create special memories. Read more ...

CDC's COVID-19 vaccine advisers set meeting to vote on who should get first...

CDC's COVID-19 vaccine advisers set meeting to vote on who should get first doses

The CDC has already recommended that the first group should include front-line health providers and support personnel. Read more ...

Trump spent $3 million for a vote recount in Wisconsin's largest county to...

Trump spent $3 million for a vote recount in Wisconsin's largest county to support his baseless claim of ballot fraud but lost by even more than initially thought

Summary List Placement President-elect Joe Biden gained votes in Wisconsin's largest county on Friday after Trump's election campaign demanded a recount earlier this month. The... Read more ...

Ohio State vs. Illinois football game canceled Saturday due to positive...

Ohio State vs. Illinois football game canceled Saturday due to positive coronavirus tests

Read more ...

Iranian president points finger at Israel after assassination of top...

Iranian president points finger at Israel after assassination of top military scientist near Tehran

President Hassan Rouhani has blamed ‘mercenaries of the usurping Zionist regime' for the assassination of Mohsen Fakhrizadeh, a military scientist, who was accused by Israel of... Read more ...

College football schedule today: TV channels, start times to watch every...

College football schedule today: TV channels, start times to watch every NCAA game on Friday

Sporting News breaks down how to watch every game in Week 12 involving a Top 25 team on Black Friday. Read more ...

The US surpassed 13 million COVID-19 cases - less than a week after hitting...

The US surpassed 13 million COVID-19 cases - less than a week after hitting 12 million cases

Summary List Placement The United States surpassed 13 million coronavirus cases on Friday, just six days after it hit 12 million cases, according to data from Johns Hopkins... Read more ...

US appeals court rejects Trump appeal over Pennsylvania race

US appeals court rejects Trump appeal over Pennsylvania race

PHILADELPHIA - President Donald Trump's legal team suffered yet another defeat in court Friday as a federal appeals court in Philadelphia roundly rejected its latest effort to... Read more ...