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ominous chatter was
SOFTBANK-BACKED STARTUP KATERRA TO SHUT DOWN Another SoftBank-backed startup has imploded. The construction startup Katerra, which aimed to transform the $12 trillion global constructionindustry, told
REDEVELOPMENT PLAN EMERGES FOR PARKWAY HOSPITAL Parkway Hospital in Forest Hills closed for good in 2008, and since then attempts to redevelop the 100,000-square-foot building and surrounding property FEDERAL PROSECUTORS INVESTIGATING MITCHELL KOSSOFF Federal prosecutors are now investigating real estate attorney Mitchell Kossoff, who went AWOL in April with millions of his clients’ dollars missing.. The U.S. Attorney’s Office for the DEMOCRATS CONSIDER SCALING BACK BIDEN INHERITANCE TAX BILL The Biden administration proposed dramatically expanding the inheritance tax on wealthy Americans. House Democrats are pumping the brakes. Democratic lawmakers are NEW YORKERS CAN APPLY FOR PANDEMIC RENT RELIEF JUNE 1 Finally: As of June 1, New Yorkers will be able to apply for the state’s latest round of pandemic rent relief. Gov. Andrew Cuomo made the announcement on Tuesday, a week before applications go TRACKING REAL ESTATE PROPTECH SPAC IPOS Blink and you’ll miss a new SPAC. With billions of dollars flowing into blank-check firms, a growing number of real estate players are targeting proptech. As an alternative to the traditional BIDEN PROPOSAL TO ELIMINATE 1031 EXCHANGE SPURS INVESTMENT The proposed change to IRS Section 1031 — which would affect real estate investments where the profits exceed $500,000 — is part of Biden’s $1.8 trillion American Families Plan, which ILLINOIS EVICTION MORATORIUM TO END IN AUGUST Illinois’ ban on residential evictions will end in August, more than a year after Gov. J.B. Pritzker imposed the emergency measure inresponse to
NEW YORK REAL ESTATE NEWS The definitive real estate SPAC tracker. By E.B. Solomont | May 14, 2021 03:40PM. Blink and you’ll miss a new SPAC. With billions of dollars flowing into blank-check firms, a growing number of WHAT KATERRA’S SHUTDOWN MEANS FOR CLIENTS, SUBSIDIARIES Last week, “rumblings” from Katerra workers on a project site in Jersey City reached developer Paul Silverman. He then learned theominous chatter was
SOFTBANK-BACKED STARTUP KATERRA TO SHUT DOWN Another SoftBank-backed startup has imploded. The construction startup Katerra, which aimed to transform the $12 trillion global constructionindustry, told
REDEVELOPMENT PLAN EMERGES FOR PARKWAY HOSPITAL Parkway Hospital in Forest Hills closed for good in 2008, and since then attempts to redevelop the 100,000-square-foot building and surrounding property FEDERAL PROSECUTORS INVESTIGATING MITCHELL KOSSOFF Federal prosecutors are now investigating real estate attorney Mitchell Kossoff, who went AWOL in April with millions of his clients’ dollars missing.. The U.S. Attorney’s Office for the DEMOCRATS CONSIDER SCALING BACK BIDEN INHERITANCE TAX BILL The Biden administration proposed dramatically expanding the inheritance tax on wealthy Americans. House Democrats are pumping the brakes. Democratic lawmakers are NEW YORKERS CAN APPLY FOR PANDEMIC RENT RELIEF JUNE 1 Finally: As of June 1, New Yorkers will be able to apply for the state’s latest round of pandemic rent relief. Gov. Andrew Cuomo made the announcement on Tuesday, a week before applications go TRACKING REAL ESTATE PROPTECH SPAC IPOS Blink and you’ll miss a new SPAC. With billions of dollars flowing into blank-check firms, a growing number of real estate players are targeting proptech. As an alternative to the traditional BIDEN PROPOSAL TO ELIMINATE 1031 EXCHANGE SPURS INVESTMENT The proposed change to IRS Section 1031 — which would affect real estate investments where the profits exceed $500,000 — is part of Biden’s $1.8 trillion American Families Plan, which ILLINOIS EVICTION MORATORIUM TO END IN AUGUST Illinois’ ban on residential evictions will end in August, more than a year after Gov. J.B. Pritzker imposed the emergency measure inresponse to
MIAMI REAL ESTATE NEWS Jennifer Lopez and Ben Affleck are renting a Miami Beach mansion. By Ina Cordle | May 28, 2021 05:17PM. Jennifer Lopez and Ben Affleck havebeen renting a
THE REAL DEAL’S JUNE 2021 ISSUE IS LIVE 17 hours ago · The Real Deal’s June issue is live for digital subscribers and soon to hit doorsteps across the country.. As a long-awaited semblance of normalcy returns, the fruits of doggedpersistence in the
IGGY AZALEA FEUDS WITH NEW HIDDEN HILLS NEIGHBOR Iggy Azalea has been at her new home in Hidden Hills for no more than a week and already is feuding with a neighbor. The Australian rapper paid $5.2 million for a NYC LIFE SCIENCES LEASING BREAKS ANNUAL RECORD IN FIVE MONTHS 1 day ago · Life sciences leasing in New York is going at full steam with no signs of stalling. The sector topped an annual high this month with 257,000 square feet leased, far and above the 156,000 square GUARDIAN’S FIDI PROJECT GETS NEW FUNDING FROM HUDSON 18 hours ago · Guardian Realty Management just found a new guardian angel. Hudson Pacific Properties, a Los Angeles-based REIT, provided a $60.1 million construction loan COFFEE TYCOON BOB STILLER SELLS MANDARIN ORIENTAL PAD AT LOSS 18 hours ago · Two well-heeled homeowners have accepted heavily discounted prices to unload their sprawling Manhattan pads. Green Mountain coffee founder Bob Stiller had paid $35.5 million to assemblea
STEVE COHEN’S CONDO SELLS ABOVE ASKING 1 day ago · After eight years on the market, the luxury duplex of hedge fund founder Steve Cohen finally sold for 3.4% above asking price — after a significant price cut. TRACKING REAL ESTATE PROPTECH SPAC IPOS Blink and you’ll miss a new SPAC. With billions of dollars flowing into blank-check firms, a growing number of real estate players are targeting proptech. As an alternative to the traditional BRIDGEHAMPTON NEIGHBORS DEEM GOLF CLUB STAFF HOUSE 20 hours ago · Some Hamptons residents are irate about Atlantic Golf Club’s plan to build a 16-bedroom staff house near Shorts Pond, according to the Southampton Press. The A MODEST HOME ON LAKE MONTAUK LISTS FOR $500,000 18 hours ago · The East End market is as hot as it has ever been, but a lakefront property in Montauk can be yours for the low price of $500,000 — if you’re willing to compromise on space, according to NEW YORK REAL ESTATE NEWS The definitive real estate SPAC tracker. By E.B. Solomont | May 14, 2021 03:40PM. Blink and you’ll miss a new SPAC. With billions of dollars flowing into blank-check firms, a growing number of WHAT KATERRA’S SHUTDOWN MEANS FOR CLIENTS, SUBSIDIARIES What Katerra’s shutdown means for clients, subsidiaries. Katerra’s abrupt closure has left clients and subsidiaries in the lurch. (Getty) Last week, “rumblings” from Katerra workers on a SOFTBANK-BACKED STARTUP KATERRA TO SHUT DOWN Another SoftBank-backed startup has imploded. The construction startup Katerra, which aimed to transform the $12 trillion global constructionindustry, told
FEDERAL PROSECUTORS INVESTIGATING MITCHELL KOSSOFF Federal prosecutors are now investigating real estate attorney Mitchell Kossoff, who went AWOL in April with millions of his clients’ dollars missing.. The U.S. Attorney’s Office for the NEW YORKERS CAN APPLY FOR PANDEMIC RENT RELIEF JUNE 1 Finally: As of June 1, New Yorkers will be able to apply for the state’s latest round of pandemic rent relief. Gov. Andrew Cuomo made the announcement on Tuesday, a week before applications go TRACKING REAL ESTATE PROPTECH SPAC IPOS Blink and you’ll miss a new SPAC. With billions of dollars flowing into blank-check firms, a growing number of real estate players are targeting proptech. As an alternative to the traditional DEMOCRATS CONSIDER SCALING BACK BIDEN INHERITANCE TAX BILL The Biden administration proposed dramatically expanding the inheritance tax on wealthy Americans. House Democrats are pumping the brakes. Democratic lawmakers are RANDAL PERKINS BUYS MANSION IN DELRAY BEACH FOR $21M The founder of AshBritt Environmental, a national disaster response and environmental services contractor, bought an oceanfront mansion inDelray
BROOKFIELD TO BUY HOTEL OPERATOR HOSPITALITY INVESTORS TRUST Hospitality Investors Trust is negotiating a deal that would give Brookfield financial control over its 100 hotels as part of a possible Chapter 11 filing, Bloomberg News reported. The trust doesn BARSTOOL SPORTS FOUNDER DAVE PORTNOY REVEALED AS BUYER OF Barstool Sports founder and pizza connoisseur Dave Portnoy is the buyer of a bayfront Miami home that sold last month for nearly $14 million, The Real Deal has learned. The sale marks a NEW YORK REAL ESTATE NEWS The definitive real estate SPAC tracker. By E.B. Solomont | May 14, 2021 03:40PM. Blink and you’ll miss a new SPAC. With billions of dollars flowing into blank-check firms, a growing number of WHAT KATERRA’S SHUTDOWN MEANS FOR CLIENTS, SUBSIDIARIES What Katerra’s shutdown means for clients, subsidiaries. Katerra’s abrupt closure has left clients and subsidiaries in the lurch. (Getty) Last week, “rumblings” from Katerra workers on a SOFTBANK-BACKED STARTUP KATERRA TO SHUT DOWN Another SoftBank-backed startup has imploded. The construction startup Katerra, which aimed to transform the $12 trillion global constructionindustry, told
FEDERAL PROSECUTORS INVESTIGATING MITCHELL KOSSOFF Federal prosecutors are now investigating real estate attorney Mitchell Kossoff, who went AWOL in April with millions of his clients’ dollars missing.. The U.S. Attorney’s Office for the NEW YORKERS CAN APPLY FOR PANDEMIC RENT RELIEF JUNE 1 Finally: As of June 1, New Yorkers will be able to apply for the state’s latest round of pandemic rent relief. Gov. Andrew Cuomo made the announcement on Tuesday, a week before applications go TRACKING REAL ESTATE PROPTECH SPAC IPOS Blink and you’ll miss a new SPAC. With billions of dollars flowing into blank-check firms, a growing number of real estate players are targeting proptech. As an alternative to the traditional DEMOCRATS CONSIDER SCALING BACK BIDEN INHERITANCE TAX BILL The Biden administration proposed dramatically expanding the inheritance tax on wealthy Americans. House Democrats are pumping the brakes. Democratic lawmakers are RANDAL PERKINS BUYS MANSION IN DELRAY BEACH FOR $21M The founder of AshBritt Environmental, a national disaster response and environmental services contractor, bought an oceanfront mansion inDelray
BROOKFIELD TO BUY HOTEL OPERATOR HOSPITALITY INVESTORS TRUST Hospitality Investors Trust is negotiating a deal that would give Brookfield financial control over its 100 hotels as part of a possible Chapter 11 filing, Bloomberg News reported. The trust doesn BARSTOOL SPORTS FOUNDER DAVE PORTNOY REVEALED AS BUYER OF Barstool Sports founder and pizza connoisseur Dave Portnoy is the buyer of a bayfront Miami home that sold last month for nearly $14 million, The Real Deal has learned. The sale marks a PROPERTY TAX BILLS SHOW HOW MUCH COVID DEVALUED NYC BUILDINGS 3 hours ago · The pandemic hit the commercial real estate market hard. Property tax bills now reveal just how hard. New York City expects property tax revenue to drop by $1.6 billion, or 5 percent, inthe
REAL ESTATE EFTS SEE MORE INVESTMENT AMID PANDEMIC RECOVERY 1 day ago · Investors are pouring money into real estate exchange-traded funds, in part as a bet on the storage and supply chain sectors. The $6.2 billion iShares U.S. Real Estate ETF saw $1.3billion of
NEW YORKERS CAN APPLY FOR PANDEMIC RENT RELIEF JUNE 1 Finally: As of June 1, New Yorkers will be able to apply for the state’s latest round of pandemic rent relief. Gov. Andrew Cuomo made the announcement on Tuesday, a week before applications go KATERRA BANKRUPTCY DETAILS FINANCIAL WOES 3 hours ago · Katerra’s cash position was “perilous.” Its biggest backer, SoftBank, bailed out the construction startup with a $200 investment in December. Three months later, Katerra’s primarylender
MANHATTAN’S LARGEST REAL ESTATE LOANS OF MAY 2021 8 hours ago · The 10 largest Manhattan loans recorded in May 2021 totaled $1.84 billion, including deals for Durst’s 1133 Sixth Avenue and 114 West 47th Street. MANHATTAN SAW $3.5B WORTH OF CONTRACTS SIGNED IN APRIL 5 hours ago · About $3.5 billion worth of contracts were signed in April 2021, shattering the borough’s July 2014 record of $3.36billion.
QUEENS HOTEL BY LAGUARDIA AIRPORT WINS HUGE PROPERTY TAX CUT 23 hours ago · A Queens hotel near LaGuardia Airport got its tax assessment slashed by 85%, which could encourage others to challengetheir tax bills.
HEDGE FUND MANAGING PARTNER FLIPS PALM BEACH HOME FOR $7M 4 hours ago · Scott Goodwin, the managing partner of a hedge fund, flipped a Palm Beach home to another hedge fund manager for $7.3 million. Records show MOISHE MANA BUYS TWO DOWNTOWN MIAMI BUILDINGS FOR $27M 6 hours ago · Moishe Mana, the biggest private real estate owner in downtown Miami, bought two more buildings for $27.2 million. The properties add to his massive assemblage aimed at creating a tech hub. UNIQLO BUYS 546 BROADWAY IN SOHO FROM ISAAC CHETRIT 1 day ago · Uniqlo’s deal with AB & Sons to buy its New York City flagship has been set in stone. Records filed Tuesday indicate that the Japanese clothing brand paid $160 million for the five-story,95,500
NEW YORK REAL ESTATE NEWS The definitive real estate SPAC tracker. By E.B. Solomont | May 14, 2021 03:40PM. Blink and you’ll miss a new SPAC. With billions of dollars flowing into blank-check firms, a growing number of SOFTBANK-BACKED STARTUP KATERRA TO SHUT DOWN Another SoftBank-backed startup has imploded. The construction startup Katerra, which aimed to transform the $12 trillion global constructionindustry, told
FEDERAL PROSECUTORS INVESTIGATING MITCHELL KOSSOFF Federal prosecutors are now investigating real estate attorney Mitchell Kossoff, who went AWOL in April with millions of his clients’ dollars missing.. The U.S. Attorney’s Office for the NEW YORKERS CAN APPLY FOR PANDEMIC RENT RELIEF JUNE 1 Finally: As of June 1, New Yorkers will be able to apply for the state’s latest round of pandemic rent relief. Gov. Andrew Cuomo made the announcement on Tuesday, a week before applications go DEMAND FOR RELIEF FAR EXCEEDS RESTAURANT REVITALIZATION FUND Restaurants could apply for relief starting May 3, and applications closed on Monday. The Small Business Administration received more than372,000
DEMOCRATS CONSIDER SCALING BACK BIDEN INHERITANCE TAX BILL The Biden administration proposed dramatically expanding the inheritance tax on wealthy Americans. House Democrats are pumping the brakes. Democratic lawmakers are NEW YORK STATE RENT RELIEF SITE GOES LIVE An analysis by the Legal Aid Society this week found New York is one of only eight states without an operational rent relief program. The release named five neighboring states with programs “up BROOKFIELD TO BUY HOTEL OPERATOR HOSPITALITY INVESTORS TRUST Hospitality Investors Trust is negotiating a deal that would give Brookfield financial control over its 100 hotels as part of a possible Chapter 11 filing, Bloomberg News reported. The trust doesn ILLINOIS EVICTION MORATORIUM TO END IN AUGUST Illinois’ ban on residential evictions will end in August, more than a year after Gov. J.B. Pritzker imposed the emergency measure inresponse to
SOL ARKER, AFFORDABLE HOUSING PIONEER, DIES AT 73 Sol Arker, who embraced affordable housing as the head of the Arker Companies, died Monday after a battle with cancer. He was 73. Workingalongside his
NEW YORK REAL ESTATE NEWS The definitive real estate SPAC tracker. By E.B. Solomont | May 14, 2021 03:40PM. Blink and you’ll miss a new SPAC. With billions of dollars flowing into blank-check firms, a growing number of SOFTBANK-BACKED STARTUP KATERRA TO SHUT DOWN Another SoftBank-backed startup has imploded. The construction startup Katerra, which aimed to transform the $12 trillion global constructionindustry, told
FEDERAL PROSECUTORS INVESTIGATING MITCHELL KOSSOFF Federal prosecutors are now investigating real estate attorney Mitchell Kossoff, who went AWOL in April with millions of his clients’ dollars missing.. The U.S. Attorney’s Office for the NEW YORKERS CAN APPLY FOR PANDEMIC RENT RELIEF JUNE 1 Finally: As of June 1, New Yorkers will be able to apply for the state’s latest round of pandemic rent relief. Gov. Andrew Cuomo made the announcement on Tuesday, a week before applications go DEMAND FOR RELIEF FAR EXCEEDS RESTAURANT REVITALIZATION FUND Restaurants could apply for relief starting May 3, and applications closed on Monday. The Small Business Administration received more than372,000
DEMOCRATS CONSIDER SCALING BACK BIDEN INHERITANCE TAX BILL The Biden administration proposed dramatically expanding the inheritance tax on wealthy Americans. House Democrats are pumping the brakes. Democratic lawmakers are NEW YORK STATE RENT RELIEF SITE GOES LIVE An analysis by the Legal Aid Society this week found New York is one of only eight states without an operational rent relief program. The release named five neighboring states with programs “up BROOKFIELD TO BUY HOTEL OPERATOR HOSPITALITY INVESTORS TRUST Hospitality Investors Trust is negotiating a deal that would give Brookfield financial control over its 100 hotels as part of a possible Chapter 11 filing, Bloomberg News reported. The trust doesn ILLINOIS EVICTION MORATORIUM TO END IN AUGUST Illinois’ ban on residential evictions will end in August, more than a year after Gov. J.B. Pritzker imposed the emergency measure inresponse to
SOL ARKER, AFFORDABLE HOUSING PIONEER, DIES AT 73 Sol Arker, who embraced affordable housing as the head of the Arker Companies, died Monday after a battle with cancer. He was 73. Workingalongside his
NEW YORK REAL ESTATE NEWS The definitive real estate SPAC tracker. By E.B. Solomont | May 14, 2021 03:40PM. Blink and you’ll miss a new SPAC. With billions of dollars flowing into blank-check firms, a growing number of LANCE CAWLEY BUYS RIVERFRONT HOME IN JUPITER FOR $6M 1 day ago · Race car driver Lance Cawley spent $5.9 million on a Loxahatchee Riverfront home in Jupiter. Records show Cawley and his wife, Nancy, bought the house BLACKSTONE BUYS LONG ISLAND CITY WAREHOUSE 1 day ago · The Blackstone Group picked up a warehouse in Long Island City for $37.5 million. The investment giant bought the 108,000-square-foot property at 31-30 Hunters Point Avenue from theDeutsch family
GREENWICH RENTALS MAY BE HOTTER THAN SALES MARKET 10 hours ago · A few years back, Greenwich developer Steven Schacter ventured a bet that within one of the country’s most expensive real estate markets lay a dormant demand for luxury rentals. Residents in LINCOLN PARK, WEST RIDGE RELIGIOUS CENTERS LOOK TO SELL 1 day ago · Two Chicago-area congregations are looking to offload their campuses as their populations dwindle. The Cenacle Sisters are hoping to demolish and sell their retreat and conference center at MAY 2021 SPONSORED CONDO SALES REACH NEW HEIGHTS 1 day ago · The new development market reached record heights in April, and managed to kick things up a notch in May. Last month, 477 contracts were signed in New York City, up 60% OF MANHATTAN EMPLOYEES BACK TO OFFICE BY SEPTEMBER 1 day ago · A survey by the Partnership for New York City found that 60 percent of workers would return to Manhattan offices by September, mostly using a hybrid work model. TERRA PUTS BAY HARBOR ISLANDS DEV SITE UNDER CONTRACT 1 day ago · Terra has a development site along Bay Harbor Islands’ Kane Concourse under contract, with plans for a residential, office and retail project. Coconut Grove-based Terra, led by David Martin HULU SIGNS BIG LEASE AT COLORADO CENTER IN SANTA MONICA 1 day ago · Hulu is expanding its lease at the Colorado Center in Santa Monica, where Roku has also parked its operations. Streaming service Hulu has signed a seven-year lease for 351,000 square feet at $8M DUMBO CONDO TOPPED BROOKLYN CONTRACTS 1 day ago · The number of townhouses may have pulled ahead this week, but an $8 million Dumbo condo reigned supreme. Thirty-nine contracts for homes asking NEW YORK REAL ESTATE NEWS The definitive real estate SPAC tracker. By E.B. Solomont | May 14, 2021 03:40PM. Blink and you’ll miss a new SPAC. With billions of dollars flowing into blank-check firms, a growing number of MANHATTAN SUBLEASE SURGE SLOWS 44 minutes ago · The surge of Manhattan sublease space appears to be tapering off. With the city starting to reopen, tenants that put theiroffice space up for
SOFTBANK-BACKED STARTUP KATERRA TO SHUT DOWN Another SoftBank-backed startup has imploded. The construction startup Katerra, which aimed to transform the $12 trillion global constructionindustry, told
FEDERAL PROSECUTORS INVESTIGATING MITCHELL KOSSOFF Federal prosecutors are now investigating real estate attorney Mitchell Kossoff, who went AWOL in April with millions of his clients’ dollars missing.. The U.S. Attorney’s Office for the NEW YORKERS CAN APPLY FOR PANDEMIC RENT RELIEF JUNE 1 Finally: As of June 1, New Yorkers will be able to apply for the state’s latest round of pandemic rent relief. Gov. Andrew Cuomo made the announcement on Tuesday, a week before applications go DEMAND FOR RELIEF FAR EXCEEDS RESTAURANT REVITALIZATION FUND Restaurants could apply for relief starting May 3, and applications closed on Monday. The Small Business Administration received more than372,000
DEMOCRATS CONSIDER SCALING BACK BIDEN INHERITANCE TAX BILL The Biden administration proposed dramatically expanding the inheritance tax on wealthy Americans. House Democrats are pumping the brakes. Democratic lawmakers are CUSHMAN & WAKEFIELD’S STEPHEN PREUSS OUT One of Cushman & Wakefield’s top sales brokers is no longer with the company. Stephen Preuss, who ran the brokerage’s Queens office, was recently terminated, sources told The Real Deal BIDEN PROPOSAL TO ELIMINATE 1031 EXCHANGE SPURS INVESTMENT The proposed change to IRS Section 1031 — which would affect real estate investments where the profits exceed $500,000 — is part of Biden’s $1.8 trillion American Families Plan, which BROOKFIELD TO BUY HOTEL OPERATOR HOSPITALITY INVESTORS TRUST Hospitality Investors Trust is negotiating a deal that would give Brookfield financial control over its 100 hotels as part of a possible Chapter 11 filing, Bloomberg News reported. The trust doesn NEW YORK REAL ESTATE NEWS The definitive real estate SPAC tracker. By E.B. Solomont | May 14, 2021 03:40PM. Blink and you’ll miss a new SPAC. With billions of dollars flowing into blank-check firms, a growing number of MANHATTAN SUBLEASE SURGE SLOWS 44 minutes ago · The surge of Manhattan sublease space appears to be tapering off. With the city starting to reopen, tenants that put theiroffice space up for
SOFTBANK-BACKED STARTUP KATERRA TO SHUT DOWN Another SoftBank-backed startup has imploded. The construction startup Katerra, which aimed to transform the $12 trillion global constructionindustry, told
FEDERAL PROSECUTORS INVESTIGATING MITCHELL KOSSOFF Federal prosecutors are now investigating real estate attorney Mitchell Kossoff, who went AWOL in April with millions of his clients’ dollars missing.. The U.S. Attorney’s Office for the NEW YORKERS CAN APPLY FOR PANDEMIC RENT RELIEF JUNE 1 Finally: As of June 1, New Yorkers will be able to apply for the state’s latest round of pandemic rent relief. Gov. Andrew Cuomo made the announcement on Tuesday, a week before applications go DEMAND FOR RELIEF FAR EXCEEDS RESTAURANT REVITALIZATION FUND Restaurants could apply for relief starting May 3, and applications closed on Monday. The Small Business Administration received more than372,000
DEMOCRATS CONSIDER SCALING BACK BIDEN INHERITANCE TAX BILL The Biden administration proposed dramatically expanding the inheritance tax on wealthy Americans. House Democrats are pumping the brakes. Democratic lawmakers are CUSHMAN & WAKEFIELD’S STEPHEN PREUSS OUT One of Cushman & Wakefield’s top sales brokers is no longer with the company. Stephen Preuss, who ran the brokerage’s Queens office, was recently terminated, sources told The Real Deal BIDEN PROPOSAL TO ELIMINATE 1031 EXCHANGE SPURS INVESTMENT The proposed change to IRS Section 1031 — which would affect real estate investments where the profits exceed $500,000 — is part of Biden’s $1.8 trillion American Families Plan, which BROOKFIELD TO BUY HOTEL OPERATOR HOSPITALITY INVESTORS TRUST Hospitality Investors Trust is negotiating a deal that would give Brookfield financial control over its 100 hotels as part of a possible Chapter 11 filing, Bloomberg News reported. The trust doesn ESTATE OF LATE SEAN HEALEY SELLS BEACHFRONT MANSION FOR $35M 2 hours ago · An oceanfront Palm Beach mansion that belonged to Sean Healey, the late chairman and CEO of Affiliated Managers Group, sold for $35.4 million. Records show BLACKSTONE BUYS LONG ISLAND CITY WAREHOUSE The Blackstone Group picked up a warehouse in Long Island City for $37.5 million. The investment giant bought the 108,000-square-foot property at 31-30 Hunters Point Avenue from the Deutsch family LANCE CAWLEY BUYS RIVERFRONT HOME IN JUPITER FOR $6M 3 hours ago · Race car driver Lance Cawley spent $5.9 million on a Loxahatchee Riverfront home in Jupiter. Records show Cawley and his wife, Nancy, bought the house at MANHATTAN SUBLEASE SURGE SLOWS 44 minutes ago · The surge of Manhattan sublease space appears to be tapering off. With the city starting to reopen, tenants that put theiroffice space up for
“MARE OF EASTTOWN” STAR KATE WINSLET SELLS CHELSEA DUPLEX Kate Winslet sold her Chelsea duplex for $5.3 million. The actress, currently starring in the HBO hit “Mare of Easttown,” had listed her unit at West 22nd Street for about $5.69 million, the PETER THIEL’S SPAC TO MERGE WITH PROPERTYGURU A Peter Thiel-led SPAC is in talks to merge with online real estate firm PropertyGuru to tap into Southeast Asia’s real estate market. Thiel and billionaire Richard Li’s Bridgetown 2 Holdings NEW YORKERS CAN APPLY FOR PANDEMIC RENT RELIEF JUNE 1 Finally: As of June 1, New Yorkers will be able to apply for the state’s latest round of pandemic rent relief. Gov. Andrew Cuomo made the announcement on Tuesday, a week before applications go DANIEL SUNDHEIM’S D1 CAPITAL INKS MIAMI OFFICE LEASE 49 minutes ago · Daniel Sundheim’s D1 Capital Partners is the latest investment firm to plant a flag in Miami. The New York City-based hedge fund signed a 10-year, 25,000-square-foot officelease at
60% OF MANHATTAN EMPLOYEES BACK TO OFFICE BY SEPTEMBER 3 hours ago · A survey by the Partnership for New York City found that 60 percent of workers would return to Manhattan offices by September, mostly using a hybrid work model. REDEVELOPMENT PLAN EMERGES FOR PARKWAY HOSPITAL Parkway Hospital in Forest Hills closed for good in 2008, and since then attempts to redevelop the 100,000-square-foot building and surrounding property__
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EB-5 SEES INVESTMENT BOOST, TENSIONS FLARE BETWEEN BROKERS AND STREETEASY: DAILY DIGEST October 21, 2019 09:15AM Every day The Real Deal rounds up New York’s biggest real estate happenings, from breaking news and scoops to... EB-5 INVESTORS RUSH IN AHEAD OF LOOMING RULES CHANGE by Keith Larsen | October 21, 2019 08:15AMTRD NATIONAL
Alejandro Navia had been getting just a handful of calls each month from potential EB-5 investors for his development... BROKERAGE FIRMS ARE LOCKING HORNS WITH STREETEASY AGAIN. HERE’S WHY by Erin Hudson and E.B. Solomont | October 21, 2019 07:30AMTRD ISSUE
StreetEasy is at the center of controversy once again. In the past month, two separate incidents laid bare the... KATTEN LAW FIRM MOVING TO ROCKEFELLER CENTER by Rich Bockmann | October 21, 2019 07:00AM Chicago-based law firm Katten is relocating its Manhattan offices to a large spread at Rockefeller Center. The company —... TISHMAN INKS LAW FIRM TO BIG LEASE AT ROCK CENTER by E.B. Solomont | October 18, 2019 06:21PMTRD NATIONAL
Compass is appealing a decision by a New York judge who ordered a jury trial for Avi Dorfman, an... ANOTHER WEWORK EXEC IS OUT, BANK OZK’S CONSTRUCTION LENDING IS UP:DAILY DIGEST
October 18, 2019 05:12PM Every day, The Real Deal rounds up New York’s biggest real estate news, from breaking news and scoops to... CO-LIVING TREND OF RENTING BEDROOMS IS BACK AND HERE TO STAY: _TRD_ MIAMI SHOWCASE & FORUM by Mike Seemuth | October 18, 2019 04:30PMTRD MIAMI
Co-living is becoming a growing segment of South Florida’s multifamily market amid increased competition within the sector and from conventional apartment developers, according to... A SOFTBANK TAKEOVER OF WEWORK COULD VALUE COMPANY AT $8B October 18, 2019 03:11PMTRD NATIONAL
SoftBank is considering a financing package to save WeWork that would value the embattled office-space company at $8 billion,... BANK OZK REPORTS UPTICK IN CONSTRUCTION LENDING IN Q3 by Keith Larsen | October 18, 2019 02:30PMTRD NATIONAL
Bank OZK reported an uptick in real estate construction lending in the third quarter amid cooling markets in New... -------------------------MORE VIDEOS »
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MINORITY REAL ESTATE PROFESSIONALS STILL FIGHT RACIAL AND GENDER BARRIERS: _TRD_ MIAMI SHOWCASE & FORUM by Francisco Alvarado | October 18, 2019 02:05PMTRD MIAMI
Minorities and women only represent 1.3 percent of the $69 trillion in global financial assets under management across mutual funds, hedge funds, real estate,... DATA ALERT: WHAT’S GOING ON WITH I-SALES IN MANHATTAN AND BROOKLYN? by Kevin Sun and Yoryi de la Rosa | October 18, 2019 01:00PMTRD ISSUE
Investment sales in Manhattan and Brooklyn Manhattan investment sales hit a two-year low in August with $995 million in... GOWANUS GOLD RUSH: AVERY HALL, TAVROS, CHARNEY BUY SITES FOR $55M by Eddie Small | October 18, 2019 11:05AM Avery Hall Investments is doubling down on its Gowanus bets with another major purchase. The firm struck up an... A LITTLE GOOD NEWS FOR RENTERS. WE’RE NOT TALKING TO YOU LA ANDMANHATTAN
by Dennis Lynch | October 18, 2019 10:30AMTRD NATIONAL
The housing market has been slowing across the nation, and now rent prices have finally begun to fall. Very... MICHAEL JORDAN’S CHICAGO-AREA MANSION HAS BEEN ON THE MARKET FOR 7 YEARS. A BUYER MAY NOT EXIST by Miriam Finder Annenberg | October 18, 2019 09:45AMTRD CHICAGO
As his massive compound in Chicago’s northern suburbs collects dust, Michael Jordan is now trying to part with another sprawling mansion.On Monday, His...
UNREALISTIC PRICING BOGS DOWN MIAMI LUXURY CONDO MARKET: _TRD_SHOWCASE & FORUM
by Francisco Alvarado | October 18, 2019 08:15AMTRD MIAMI
The Miami luxury condo market remains in a rut due in part to sellers overpricing properties, according to top... WEWORK’S LANDLORDS BUCKLE UP by David Jeans | October 18, 2019 07:30AMTRD ISSUE
For New York City landlords needing a quick fix to fill empty office space, WeWork has been a go-to tenant for years. Now, with the office-space company in turmoil, those property owners suddenlyfeel...
RENT-POCALYPSE 2.0: REAL ESTATE INDUSTRY REACTS TO TENANT DEMANDS by Georgia Kromrei | October 18, 2019 07:00AM UPDATED, Oct. 18, 2019, 6:27 p.m.: Real estate industry experts say the tenant coalition’s latest demands won’t solve the... STOP … DATA TIME: IT’S THE NEW DEVELOPMENT CONDO REPORT FORBROOKLYN AND QUEENS
by Kevin Sun and Yoryi de la Rosa | October 17, 2019 05:30PMTRD ISSUE
New development condo report Brooklyn • Inventory contracted as developers filed fewer units than were purchased • Developers filed 15 plans with 90 units... TWA HOTEL TAKES OFF AT JFK AIRPORT September 24, 2019 11:16AM The Eero Saarinen–designed TWA Flight Center at JFK reclaims its neo-futuristic glory—and opens to guests. Whether or not you were alive for the dawning of the Jet Age, you’ll recognize its soaring architecture, mod shapes, and saturated... NEW ASSETS ON THE BLOCK: LOOKING AT THE NEW OFFICE INVENTORY SCHEDULED FOR DELIVERY IN MANHATTAN October 10, 2019 01:51PM Picture the city of Detroit with its 24.52 million square feet of office space. Now picture dropping that 24.52 million square feetright into...
DYNAMIC STAR APPOINTS MERIDIAN CAPITAL GROUP TO OBTAIN EQUITY AND DEBT FOR $3.5 BILLION HISTORIC DEVELOPMENT ALONG HARLEM RIVER IN THE BRONX,NY
October 10, 2019 05:13PM The multi-phased development, Fordham Landing, will bring waterfront access to the area and will feature a revamped Metro North station, office space, residential units,... FOREIGN INVESTMENT IN CERTAIN U.S. REAL ESTATE MAY REQUIRE GOVERNMENTAPPROVAL
September 16, 2019 01:38PM Foreign investment in U.S. commercial real estate has been robust over the last few years and looks to continue...Previous Next »
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