Month: July 2020

Just days after he put it back on the market at a whisper below $3.3 million — it first popped up for sale late last year at $3.5 million, the former home of “Avengers: Endgame” director Anthony Russo, hidden down a private cul-de-sac in a gated and especially coveted cranny of L.A.’s Los Feliz area,

As mall stores have closed during the COVID-19 outbreak, some landlords have found a new, surprising source of revenue—shopping center parking lots. CNBC reported that Brookfield Properties inked a deal with Kilburn Live to turn some of its mall parking lots into drive-in theaters that could host movies and virtual concerts.  With conventional theaters and

Lease concessions for existing retail tenants have evolved since the onset of the pandemic. Once hopeful landlords offering lease deferrals to retail tenants have now been more flexible in increasing concessions as the pandemic wears on. In some cases this includes conditional rent abatement for tenants and new lease deals. “In my experience, in the

The iconic Bryant Park Hotel is checking out of its long-time home on West 40th Street, The Post has learned. The entire landmarked building, including popular ground-floor restaurant Koi and underground lounge Celon, is being offered as “boutique” office space by Philips International, the agent for owners Philip Pilevsky, Raymond Gindi and Joseph Chehebar. All

Goldman Sachs Merchant Banking Division is buying a stake in a 46-asset last mile industrial portfolio owned by Dalfen Industrial. The portfolio of over 6.3 million square feet caters to e-commerce-oriented tenants and is located in such metro areas as Atlanta, Dallas, Chicago, Orlando, Phoenix, Raleigh, Houston, Tampa, Baltimore, Minneapolis, Cincinnati, Columbus, Reno and Jacksonville.

Having completed a comprehensive restoration and renovation of a gigantic late 19th century Victorian mansion in L.A.’s sedate and wicked rich Windsor Square neighborhood — more on that in a minute, tattoo queen and reality television personality turned cosmetics tycoon and budding vegan shoe purveyor Katherine von Drachenberg, better known as Kat Von D, listed

Office properties will see a host of changes over the coming months and even years as the world adjusts COVID-19.  Joe Brady, CEO of the Americas for The Instant Group, sees the implementation of technology-enabled by the Internet of Things (IoT) accelerating a host of innovations, including UV lighting, safety dividers and sensor-enabled fixtures for

Amsterdam (right): “Investors are more optimistic, as there is more information in the market and a better understanding of where capital allocations will go and how debt markets are operating.” WASHINGTON, DC—If COVID-19 didn’t halt the plans of commercial real estate investors, it definitely fogged up their view. The latest Investor Sentiment Survey by Colliers

It was a trip to Target in April that made Vida Cornelious realize she needed to start her backyard renovation sooner rather than later. “People were going crazy buying outdoor stuff,” recalls the Harlem resident. “The little bit that was in the store was almost gone.” Plus, it was already clear that New York City

Before the pandemic hit, many retail landlords saw gyms as a lifeline.  “A lot of soft goods retailers that were big anchors of shopping centers have closed their doors as they’ve been impacted by E-commerce,” says Nick Banks, principal, managing director and global leader of Avison Young’s retail affinity group. “Pier One is an example.

It’s not quite a castle fit for Diana Prince, but Hollywood film director Patty Jenkins (“Monster,” “Wonder Woman,” “Wonder Woman 1984”) and her author husband Sam Sheridan have paid nearly $6.4 million for a snazzy home in Santa Monica. Newly renovated and with about 5,400 square feet of living space, the five-bedroom abode sits on

Without a doubt the pandemic has upended commercial real estate. What were once solid tenants and asset classes have been thrown into doubt as social distancing has forced people to remain at home. In response, new practices—such as a permanent shift to remote work—once seen as unlikely are now being seriously contemplated by many companies.