Real Estate

It’s hard to believe nearly three years have passed since 66-year-old music legend Tom Petty unexpectedly died after slipping into unconsciousness at his Malibu home. Since then, Dana York Petty — the former educator who was Petty’s wife for the last 16 years of his life — has continued living at the same Malibu estate,

The pandemic has impacted every segment of the commercial real estate market, and opportunity zones are no exception. At the start of the pandemic, opportunity zone investments froze along with the rest of the industry, bringing a halt to fundraising activity and transactions. While the industry is starting to recover and there is still tremendous

A commercial real estate career can be rewarding and challenging—but it isn’t necessarily for everyone. We talked to experts to find out how college graduates and young people can decide if a career in this industry is right for them, and what it takes to build a successful career. Henry H. Alexander, III, a partner

In her 2002 hit, singer-songwriter Vanessa Carlton said she’d walk “A Thousand Miles” to see her love again. Now you can walk in her shoes — or at least on her hardwood floors — for $15,500 a month because her Soho loft is up for rent. The full-floor home, at 182 Lafayette St., features two

The container-based structures company SG Blocks Inc. says it has entered the US test lab market for the novel coronavirus and other diseases through a joint venture with Clarity Diagnostics. Clarity and SG Blocks will work together under the name Clarity Modular Lab Solutions to craft federal CLIA-certified laboratories. In May, SG Blocks announced a

To say critics were unkind to the romcom “Because I Said So” (now available to stream on Hulu) would be a gross understatement. The Wall Street Journal claims the 2007 film “constitutes unusually toxic waste” and Rotten Tomatoes rates it a 4% on the Tomatometer, with this descriptor, “Overly reliant on caricatures and lacking any

Employers are facing a challenge: Enticing their employees to return to the office after the coronavirus has passed – especially in central business districts. To achieve this goal, Laura Ford, an executive vice-president for Colliers International, said in a new report that employers should encourage employee requests for flexibility and well-designed office buildings will be

Landlords are increasingly willing to offer concessions or perks to potential tenants rather than lower rent as the pandemic impacts the rental market, a new Zillow study found. The survey of Zillow listings showed that 30.4% of rental listings on the service featured concessions, compared to 16.2% of listings in February and 12.5% last July. Those

Months before the snow starts to fall, and a possible second wave of the coronavirus hits New York, locals are already looking for an escape route. Like Marcus, a Tribeca resident who asked to withhold his last name for privacy, who has begun his house hunt. The 47-year-old financial consultant enlisted the help of Southern

It’s no secret the COVID-19 pandemic has caused many changes to the commercial real estate industry. In a recent article, CREXi took a look at how long different transactions across the CRE industry stayed on the market to provide better insight into just how the pandemic has shifted the industry. The results are telling. CREXi

With her oldest of four daughters off at college and her deported and newly minted ex-husband out of the picture (but still trying to stay pop culturally relevant while living in Italy), “The Real Housewives of New Jersey” star Teresa Giudice has put her giant Towaco, N.J., mansion on the market at just under $2.5

The boom in working from home due to COVID-19 could crimp office REITs’ cash flow, according to a new report. The report from Fitch Ratings expects that a long-term shift to remote work will reduce demand for new space and raise risks for future lease renewals. The office REIT sector did well in terms of

As dining rooms closed down during the height of the COVID-19 pandemic, restaurants with drive-thrus saw more visitors pull up to their windows. Trips to the drive-thru represented 42% of all restaurant visits in the second quarter, according to business data and analytics company NPD. The share was up 26% for the quarter. “Drive-thru operations

A unique piece of Kobe Bryant history is up for sale. The late Lakers legend’s childhood home — complete with its original basketball hoop —  has hit the market for $899,000, according to its broker, Compass. Bryant’s family moved into the 1950s Colonial-inspired home during his teenage years, settling down in the affluent Philadelphia suburb

The CMBS delinquency rate continued to drop in August after posting the largest decline in four years in July, according to a new report from Trepp. The 9.02% overall CMBS delinquency rate for August was a decline of 58 basis points from the July number, with about $6.5 billion in loans cured, according to the

Blockbuster filmmaker James Cameron, whose films have grossed an astonishing $6 billion in worldwide box office, has hung a $25 million price tag on his sprawling, two-mansion compound in Malibu’s discreet and reclusive Serra Retreat enclave. The “Avatar” franchise writer/producer/director, who earned three Oscars for the 1997 film “Titanic,” acquired the first property for $3.475

The COVID-19 pandemic is causing some property owners and managers of commercial office space to create digital twins of their buildings to model everything from the ability of workers to maintain a safe social distance to how the flow of air generated by HVAC units could carry the virus.  That’s according to  JLL, which says that

Macy’s is doubling down on testing off-mall, smaller format stores.  “Over the next two years, we will open several smaller format off-mall Macy’s, and we will test a smaller format off-mall Bloomingdale’s,” Jeff Gennette, chairman and CEO of Macy’s, said in the company’s Q2 2020 earning’s call. Earlier in the year, Gennette shared that every

This Malibu mansion, on the market for $35,000 a month, is in demand. Cardi B and Taraji P. Henson are both slated to rent the contemporary home on Malibu Knolls Road, says owner Betty Moon. Moon, who is a singer, songwriter and producer in LA, calls the house overlooking the Pacific Ocean her “magical getaway

Like many aspects of the commercial real estate investment market, investment capital raising has changed dramatically as a result of the pandemic and social distancing requirements. The standards, like Zoom calls and virtual tools have all helped fund managers find ways to continue to operate and work with investors through the pandemic—and these tools have

Charles D. King may not be a household name in the vein of Zendaya, Cardi B or Megan Thee Stallion, but he is nonetheless and indisputably one of showbiz’s most on-the-move and on-the-pulse power players whose story is, well, pure Hollywood. After graduating law school at Howard University, he worked his way up from the

In the second quarter, national asking cap rates in the single-tenant Quick Service Restaurant (QSR) sector increased to 5.65%, which represented a 30-basis point increase when compared to the prior year, according to The Boulder Group’s Net Lease (QSR) Report.  Cap rates for corporate-leased QSR properties were unchanged at 5.20%. Cap rates for QSR properties

“Everybody has been rowing together,” Likes says. “The industry is filled with good people, the owners and managers in this country who care deeply and have worked hard to help.” CLEVELAND—“The country has been in an acute affordable housing crisis for years, and it continues to worsen.” So says Rob Likes, National Director, KeyBank Community

Captain Sandy Yawn, star of Bravo’s popular reality TV show “Below Deck,” is charting a course for the Hamptons. One spot she checked out is a waterfront compound at 317 Noyac Road in Southampton that is on the market for $10.99 million. It was rented out by the Kardashian clan in the summer of 2014

NEW YORK – Newmark Group Co. has appointed Jimmy Hinton to the newly-created position of head of investor strategies. Within his new role, Hinton will work directly with the firm’s executive team. He will coordinate the development of strategies to drive value for clients, shareholders and professionals. In partnering with the company’s research, technology, investor

Los Angeles is a city built on change, especially when it comes to real estate. Tear-downs, overhauls, and remodels are all too common in this vast skyline – as blatantly evidenced by the recent razing of mid-century gem LACMA. So, to come across a spot that has remained largely intact for decades is rare, to

CHICAGO, IL – Chicago-based real estate investment management company, CA, is expanding its newly-launched medical office and life sciences division with the addition of two industry professionals. Jimmy Hwang joins CA as EVP of investments. In the role, Hwang is responsible for investment management activities across the firm’s medical office and life sciences division, industrial

In spite of the COVID-19 pandemic, 2020 has been a busy year for Eastern Union. In May, the company launched a distressed notes initiative to identify investors interested in purchasing lenders’ troubled mortgages. In June, the firm hired 75 new brokers to accommodate the demand that greeted the launch of its quarter-point fee for refinancing multifamily properties

A bombshell court ruling means that the opponents of plans for a massive Lower East Side development project have lost their battle to chop the planned towers down to size. The state appeals court last week decided that the towers planned for Clinton, Cherry and South streets don’t need to go through the city’s tortuous

Industrial assets of all kinds are turning investors’ heads. And it isn’t just the typical e-commerce-related assets, like warehouses and distribution centers, that are attracting attention. Manufacturing and other more traditional industrial uses are also popular among investors—and e-commerce is giving these assets a boost as well. “As an asset class, whether e-commerce or traditional warehouses, industrial