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The Real Deal New York

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GOVERNMENT OFFICE CLOSURES STOP COMMERCIAL DEALS IN THEIR TRACKS

Broad economic anxiety isn't all that's tamping down on commercial real estate deals these days. States and municipalities across the...

BERNIE SANDERS THROWS SUPPORT BEHIND NEW YORK RENT-SUSPENSION BILL

Presidential candidate Bernie Sanders has thrown his weight behind Sen. Michael Gianaris' rent-suspension bill. “Along with pausing...

 
 
 

FEWER CANADIANS ARE SEARCHING FOR HOMES ONLINE AMID PANDEMIC

Canadians are not only done with open houses, it seems many aren't even looking for new homes anymore. There were 38 percent fewer...

CROWN HEIGHTS HOTEL MARKS LONE MID-MARKET DEAL THIS WEEK

Just one property traded hands in New York's mid-level investment sales market last week, at a time when the city is trying to grapple...

 
 
 

COULD NY'S WORK FROM HOME MOMENT FUEL OFFICE-TO-RESIDENTIAL CONVERSIONS?

The long term impacts of the coronavirus pandemic will not be fully known for months or even years, but one major question has already...

FED TO MALL AND HOTEL OWNERS: DROP DEAD

The central bank's multi-trillion-dollar intervention to help companies facing a credit crunch leaves struggling malls, hotels and...

 
 
 

MICHAEL SHVO ON THE BIBLE, BATMAN AND WHY NYC WILL BOUNCE BACK

After seven months of due diligence, developer Michael Shvo bet on New York real estate emerging from the coronavirus pandemic last...

THE PLAZA SHUTS DOWN AND LAYS OFF 251

Prestige, glamour and Central Park views proved no match for the microscopic coronavirus as the Plaza Hotel stopped taking guests Friday...

 
 
 

NEW YORK HALTS MOST CONSTRUCTION

After facing pressure from city officials and workers, the state is shutting down all construction except work on infrastructure, healthcare...

LANDLORD GROUPS: POSTPONE VOTE ON RENT INCREASE

The three main trade associations for New York City's landlords are jointly asking the city to put off a vote on rent increases for...

 
 
 

WEWORK TO MISS 2020 TARGETS BECAUSE OF CORONAVIRUS

WeWork says it won't be hitting its targets this year because of the coronavirus. In a letter to bondholders, CEO Sandeep Mathrani...

REDFIN EXECS TIGHTEN BELT AND GIVE AGENTS A BOOST

Agents at real estate brokerage Redfin are getting a reprieve and the CEO is forsaking compensation in light of the coronavirus pandemic....

 
 
 

AMPLE HILLS CREAMERY TO LAY OFF ALL 101 OF ITS WORKERS

Ample Hills Creamery is laying off all 101 of its employees, according to a notice filed with the New York State Department of Labor....

ST. REGIS, WYTHE HOTEL OPEN ROOMS TO MEDICAL STAFF, PATIENTS AS OCCUPANCY PLUMMETS

While hotels sit empty due to the coronavirus, some operators are offering up their rooms to medical personnel and non-critical patients....

 
 
 

REAL ESTATE INVESTORS WILL GET $170B WINDFALL FROM BAILOUT PACKAGE

Tucked inside the federal government's massive economic rescue package is a $170 billion windfall for real estate investors. Washington's...

NY RESTAURANTS, HOTELS WARN OF MASS LAYOFFS AS US SEES RECORD JOBLESS CLAIMS

Americans filed a record number of unemployment claims last week, and in New York state, restaurants and hotel owners said Thursday...

 
 
 

JUDGE GRANTS KUSHNER TENANTS FREE RENT AT EAST VILLAGE COMPLEX

Tenants at an East Village building owned by Kushner Companies will not have to pay rent until the real estate firm secures a certificate...

MINORITY, WOMEN-OWNED CONSTRUCTION FIRMS STRUGGLE TO PAY EMPLOYEES, FACE LAYOFFS: SURVEY

Many minority and women-owned construction companies say they are struggling to pay their employees and anticipate layoffs over the...

 
 
 

RELATED TRIES TO CALM ISRAELI INVESTORS AFTER MARKET PANIC

After an auditor's worried note set off an “earthquake” for Related's Israeli bonds this week, representatives for the bond-issuing...

MORTGAGE RATES FALL, BUT WHO'S BUYING?

The coronavirus pandemic has slammed the residential market and left homeowners wondering if they'll be able to make their payments,...

 
 
 



Country music star Joe Diffie dies at 61 of coronavirus complications

Country music star Joe Diffie dies at 61 of coronavirus complications

Grammy-winning country music legend Joe Diffie is dead at 61 from complications of coronavirus. Read more ...

‘Up to 200,000 DEATHS': Trump health chief Fauci predicts MILLIONS of...

‘Up to 200,000 DEATHS': Trump health chief Fauci predicts MILLIONS of Covid-19 cases in US

President Trump's Covid-19 czar Dr. Anthony Fauci has issued a dire coronavirus prediction: “Millions of cases,” and “100,000 to 200,000” deaths in the US. More than 2,200... Read more ...

Treasury Secretary says Americans can expect stimulus checks to be direct...

Treasury Secretary says Americans can expect stimulus checks to be direct deposited within 3 weeks

Treasury Secretary Steven Mnuchin said Sunday that Americans could expect checks from the historic $2 trillion stimulus bill to be direct deposited in their accounts within... Read more ...

LIVE: Gov. Kim Reynolds holds press conference to provide update on COVID-19

LIVE: Gov. Kim Reynolds holds press conference to provide update on COVID-19

Gov. Kim Reynolds is holding a press conference in Johnston to provide an update on COVID-19. Read more ...

Fauci says coronavirus deaths in US could top 100,000

Fauci says coronavirus deaths in US could top 100,000

The U.S. government's foremost infection disease expert says the U.S. could have more than 100,000 deaths and millions of infections from the coronavirus pandemic. Read more ...

ONE MUST PAY: Trump promises Harry & Megan no free ride in US

ONE MUST PAY: Trump promises Harry & Megan no free ride in US

President Donald Trump has assured Britain's Prince Harry and wife Meghan Markle that the US taxpayer won't be footing their security bill, after the absconding royals left... Read more ...

Georgetown's Mac McClung to test NBA waters, could return

Georgetown's Mac McClung to test NBA waters, could return

WASHINGTON - Georgetown sophomore guard Mac McClung announced Sunday that he is declaring for the NBA draft but will maintain his eligibility so he can return to college. Read more ...

4 additional coronavirus deaths reported, 698 new cases identified in...

4 additional coronavirus deaths reported, 698 new cases identified in Massachusetts

The Massachusetts Department of Public Health has released updated COVID-19 numbers for the state. Read more ...

Serial killer dubbed Grim Sleeper dies in California prison

Serial killer dubbed Grim Sleeper dies in California prison

Lonnie Franklin, the convicted serial killer known as the "Grim Sleeper" who preyed on the women of South Los Angeles for more than two decades, has died in a California... Read more ...

WATCH: Douglas County Health Center provides update after residents test...

WATCH: Douglas County Health Center provides update after residents test positive for COVID-19

Two long term care residents of the Douglas County Health center have tested positive for COVID-19, according to a news release from health center officials. Read more ...