COMPASS LOST $270M IN 2020: IPO FILING
Compass generated $3.7 billion in revenue last year but lost $270 million, the brokerage disclosed in its prospectus Monday. The buzzed-about...
U.S. MALL VALUES FALL 60% AFTER APPRAISALS
The suburban mall that you frequented as a teenager could now be worth substantially less than the dirt underneath it. U.S. mall values...
COSTAR UPS ITS BID TO ACQUIRE CORELOGIC
The fight for the future of CoreLogic continues. CoStar Group upped its offer to acquire the real estate data company to $97 per share,...
FIVE REASONS ANDREW CUOMO IS DOOMED
The governor was at the peak of his powers - a rising star in the Democratic Party and the most feared figure in the state of New York....
MICHAEL STERN'S WALKER TOWER PAD SELLS FOR 24% UNDER ASK
Michael Stern sold his duplex at Walker Tower for less than he'd hoped. The 4,748-square-foot unit sold for $21 million, 24 percent...
CONSTRUCTION SPENDING HITS NEW RECORD IN JANUARY
U.S. construction spending reached the highest level on record last month as both local and federal governments began loosening the...
PHONY WEBSITE FALSELY CLAIMS REBNY CANCELS RENT
April Fool's Day came a month early for New York's biggest real estate industry group and a City Council member, who were targeted...
EQUITABLE LIFE INSURANCE INKS 130K SF LEASE FOR NEW OFFICE
Equitable Life Insurance is moving its New York office by three blocks. The financial company will take 130,000 square feet at Fisher...
TO BOOST ECONOMY, NYC WILL INVEST IN RAPID COVID TEST
New York's road to economic recovery is going to be long, but city officials want to speed things up by making Covid-19 tests easier...
WEWORK AND SOFTBANK SETTLE LAWSUIT
The battle between WeWork and SoftBank is over. The beleaguered co-working giant and its co-founder and former CEO, Adam Neumann, have...
CALLING ALL FOUNDERS: HOWARD LORBER'S VECTOR GROUP LAUNCHES VC ARM
Developer, investor and brokerage head Howard Lorber is trying on a new role for size: venture capitalist. His company, Vector Group,...
ADDRESS NOT APPLICABLE: WHAT HAPPENS TO THE HQ IN THE REMOTE-WORK AGE?
When a company prepares to go public, it submits to the SEC a document known as the S1, which details its business, financials, risks...
JAPAN'S TALLEST TOWER PROJECT WILL INCLUDE AMAN RESORTS LUXURY RESIDENCES
A Tokyo skyscraper under construction and set to become the tallest tower in Japan will include Aman Resorts-branded luxury residences...
MIAMI-DADE RESUMES PRE-PANDEMIC EVICTIONS AFTER UNANNOUNCED FEBRUARY BREAK
Miami-Dade County resumed executing writs of possessions for residential eviction cases filed before the pandemic, following an unannounced...
LAWMAKERS PROPOSE CANCELING RESTAURANT RENT, PROVIDING RELIEF FOR LANDLORDS
New York lawmakers are on a quest to save restaurants and other small businesses. State Assemblymember Harvey Epstein and State Sen....
LAWSUIT CHALLENGES NEW YORK EVICTION BAN'S CONSTITUTIONALITY
Five small landlords have sued New York attorney general Letitia James, arguing that the new blanket moratorium on evictions is unconstitutional....
RE/MAX REVENUE TICKS UP IN Q4 BUT PROFIT SINKS
RE/MAX reported a modest increase in revenue but a sharp drop in net income for the final three months of 2020. The company benefited...
YORGOS TSIBIRIDIS JUMPS TO COMPASS
Yorgos Tsibiridis, Douglas Elliman's top agent in East Hampton, has moved to Compass. Over his eight-year career, including the past...
“EMILY IN PARIS” STAR LILY COLLINS FINDS BUYER FOR BEVERLY HILLS HOME
“Emily in Paris” star Lily Collins has sold her Beverly Hills home for $13.5 million, The Real Deal has learned. The actress bought...
EB-5 FUND ALLEGES SCHRAGER, WITKOFF SIPHONED MONEY FROM PUBLIC HOTEL
A fund managed by a controversial EB-5 regional center has filed a lawsuit against Ian Schrager and the Witkoff Group, alleging that...
Senate confirms Cardona as Education secretary
The Senate confirmed Miguel Cardona to lead the Education Department on Monday, adding to President Joe Biden's Cabinet a key official who will help lead the administration's... Read more ...
Johnson & Johnson's newly-approved Covid vaccine met with pushback as...
As Johnson & Johnson rolls out its freshly approved Covid-19 vaccine in the US, it faces a religious controversy as the Catholic Archdiocese of New Orleans has labeled it... Read more ...
Hawks fire Lloyd Pierce; will Nate McMillan replace him as head coach?
Atlanta announced Monday night that it has fired Pierce amid a rough stretch in which the team lost 12 of its last 17 games. Read more ...
California serial killer Roger Reece Kibbe slain in prison
A serial killer dubbed the “I-5 Strangler” was reportedly slain at the California state prison where he was serving multiple life sentences. A corrections officer at Mule Creek... Read more ...
Cuomo accuser encourages others to come forward
ALBANY, N.Y. - One of the former aides to New York Gov. Andrew Cuomo who has accused him of sexual harassment is encouraging others to come forward if they've had similar... Read more ...
Georgia House Passes Elections Bill That Would Limit Absentee And Early Voting
The Republican bill would enact more restrictions for absentee voting and cut back on weekend early voting hours favored by larger counties, among other changes. (Image credit... Read more ...
Minneapolis scraps plan to hire influencers to spin George Floyd murder trial
Minneapolis city officials said Monday they've ditched plans to hire social media influencers to spin news from the upcoming murder trial of ex-cop Derek Chauvin in George... Read more ...
Comic-Con to remain virtual in 2021, cites financial strain
The San Diego Comic-Con will remain virtual for the July event, but organizers are planning for a smaller-scale gathering later this year. Read more ...
Single-dose Johnson & Johnson vaccine will arrive in Mass. next week
Gov. Charlie Baker says the initial supply will be limited, but will go directly to pharmacies and other vaccination sites. Read more ...
Johnson & Johnson official on vaccine distribution
Johnson & Johnson has started shipping out nearly 4 million doses of its newly authorized, one-shot COVID-19 vaccine. Read more ...