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The Real Deal New York

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PROPERTIES ACQUIRES STAKE IN ANOTHER SOUTHERN RESI BROKERAGE

Chicago-based indie brokerage properties has acquired a significant stake in Virginia-based firm Nest Realty, giving it a foothold...

DEVELOPERS FUME OVER CITY PLAN TO CUT AFFORDABLE HOUSING SPENDING

Affordable housing developers are pushing back on Mayor Bill de Blasio's plans to cut the budget for housing. The developers say their...

 
 
 

STEPHEN ROSS TO RETAILERS: BRACE YOURSELF FOR BANKRUPTCIES

Stephen Ross predicts the coronavirus pandemic will result in a “flood of cases going to the bankruptcy court.” The chairman of Related...

SL GREEN SUES CHETRIT OVER $35M DEPOSIT FOR SCUTTLED DAILY NEWS DEAL

The botched sale of SL Green Realty's Daily News building has become a courtroom battle. The real estate investment trust, one of New...

 
 
 

SMART-HOME STARTUP RAISES $60M WITH MULTIFAMILY PLAY

SmartRent, a startup that develops “smart home” hardware and software for rental apartments, has raised $60 million to bulk up its...

COMPETING BIDS FOR STARWOOD'S SUFFERING RETAIL

Starwood Capital's seven-property regional mall portfolio, already beset by high vacancy rates and in deep trouble with Israeli investors,...

 
 
 

SIX WEEKS, SIX JUMPS IN MORTGAGE APPLICATIONS TO BUY HOMES

Homebuyers are back in the game as reopening continues. The volume of mortgage applications to purchase homes increased by 9 percent...

NEW LAW SHIELDS RESTAURATEURS, RETAILERS WHO QUIT LEASES

Mayor Bill de Blasio on Tuesday signed into law a package of Covid-19 relief bills, including one that temporarily bars landlords from...

 
 
 

CULTURAL CENTER LINKED TO EL-GAMAL PUSHES BACK AGAINST 45 PARK FORECLOSURE

When a lender moved to foreclose on Sharif El-Gamal's Tribeca condo tower, it tapped one of the top defenders of besieged condo projects...

BROOKLYN LUXURY HOME SALES REMAIN 80% BELOW LAST YEAR

Activity in Brooklyn's luxury market returned to its typical pandemic level last week after just one sale the week before. But it is...

 
 
 

TIGHTENING MORTGAGE MARKET THREATENS ECONOMIC RECOVERY

The Federal Reserve's move to cut interest rates to near zero in mid-March was expected to give the housing market a much-needed boost....

TITLE INSURANCE STARTUP SPRUCE RAISES $29M IN SERIES B

As the coronavirus pandemic has highlighted the inefficiencies of traditional pen-and-paper closings, another startup has secured funding...

 
 
 

ACTIVIST INVESTOR JONATHAN LITT IS SHORTING BIG NYC OFFICE LANDLORDS

Activist investor Jonathan Litt, who in recent years has pushed to turn around struggling retailers, now has a new sector in his sights....

HAMILTON HEIGHTS DEVELOPMENT SITE LED MID-MARKET NYC DEALS LAST WEEK

There were four mid-market investment sales in New York City last week: a Hamilton Heights development site, a pair of Upper West Side...

 
 
 

CAN EXP'S VIRTUAL WORLD WORK IN NEW YORK?

In 2015, eXp Realty CEO Glenn Sanford boarded a 43-foot motor coach and set off from Bellingham, Washington, to barnstorm the country....

SIZING UP MANHATTAN'S CONDO CRUNCH FOLLOWING A DECADE OF BOOM AND BUST

It was set to be the tallest condo tower in Lower Manhattan, capped with a ring of golden bands that arched toward the sky. But as...

 
 
 

FACING THE MUSIC: ENTERTAINMENT VENUES, RESTAURANTS WEIGH REOPENING OPTIONS

As the U.S. and countries across the globe begin easing some restrictions on nonessential businesses, bars, restaurants and live entertainment...

MIKE TYSON'S FORMER MARYLAND HOME HITS THE MARKET FOR $8.5M

A Maryland home once owned by boxing great Mike Tyson is on the market for $8.5 million. Tyson and his former wife, Dr. Monica Turner,...

 
 
 

BUYER'S REMORSE?: HOW ANBANG'S $5.8B HOTEL DEAL WENT SIDEWAYS

The saga of Anbang Insurance Group's sale of its $5.8 billion U.S. hotel portfolio has yet another wrinkle. The would-be buyer, South...

METS' NOAH SYNDERGAARD SUED FOR ABANDONING TRIBECA PENTHOUSE RENTAL

Mets pitcher Noah Syndergaard can add a lawsuit from his landlord to his list of offseason issues. The starter's landlord is suing...

 
 
 



Violence again rocks Minneapolis after man's death; 1 killed

Violence again rocks Minneapolis after man's death; 1 killed

A man was shot to death as violent protests over the death of a black man in police custody rocked Minneapolis for a second straight night Wednesday, with protesters looting... Read more ...

Historic SpaceX astronaut launch scrubbed

Historic SpaceX astronaut launch scrubbed

SpaceX and NASA have scrubbed Wednesday's attempt at launching astronauts from American soil for the first time since 2011. Read more ...

Poll shows half of Americans would get a COVID-19 vaccine

Poll shows half of Americans would get a COVID-19 vaccine

Only about half of Americans say they would get a COVID-19 vaccine if the scientists working to create one succeed, a new poll finds. Read more ...

3-year-old honored for saving neighbor's life

3-year-old honored for saving neighbor's life

The Hampton Police Department's lifesaving award is usually given to an officer for heroic actions in the line of duty, but Wednesday, it was given to a 3-year-old boy. Read more ...

LeBron James joins chorus of athletes speaking out about killing of George Floyd

LeBron James joins chorus of athletes speaking out about killing of George Floyd

NBA superstar LeBron James has joined the chorus of notable high-profile athletes who have voiced their outrage over the death of George Floyd. Read more ...

NASA chief ‘all in' for Tom Cruise to film on International Space Station

NASA chief ‘all in' for Tom Cruise to film on International Space Station

The International Space Station could become the set of Tom Cruise's next high-flying flick. Read more ...

Disney proposes mid-July reopening of theme parks

Disney proposes mid-July reopening of theme parks

Walt Disney World officials proposed a plan on Wednesday that would allow it to begin reopening theme parks on July 11. Read more ...

Protesters rally in support of George Floyd in Sacramento

Protesters rally in support of George Floyd in Sacramento

Dozens of people protested in Sacramento Wednesday night against the death of a black man in Minneapolis police custody. Read more ...

Passenger walks away from almost $139K after being questioned at Boston airport

Passenger walks away from almost $139K after being questioned at Boston airport

The man originally claimed it was just $1,500, state police said. Read more ...

Black Lives Matter protestors march through downtown L.A., block 101 Fwy

Black Lives Matter protestors march through downtown L.A., block 101 Fwy

Protestors took to the streets of downtown Los Angeles Wednesday in a demonstration in the name of George Floyd, a black man who died after being pinned beneath a Minneapolis... Read more ...