Real Estate

2020 CREW Network Convention will host its virtual event on September 15-17, 2020. The association recently revealed that participants will be able to connect to find deals and meet potential business partners through 15 live networking opportunities. The CREW Convention brings together commercial real estate leaders for deal making, business networking, industry education and leadership

Author, comedy club owner and former hedge-fund manager James Altucher self-published this essay on Thursday, Aug. 13, under the title, “NYC is dead forever. Here’s why.” He granted the New York Post permission to reprint his piece in full below. I love NYC. When I first moved to NYC it was a dream come true.

A lot of funds are lining up to make a play for distressed assets. If they don’t have the patience to wait for things to cycle through banks and servicers, Mark Foster, attorney at Snell & Wilmer, says there is one group that may soon be ready to make a deal. “I think the most

Even though she only bought it just over two years ago for $2.5 million, Canadian actress (and badass third-degree Taekwondo black belt) Katheryn Winnick now has one of her two residences in L.A.’s upscale and beachy Marina Del Rey neighborhood up for sale at $3.3 million. On a quiet, unassuming street about 1.5 miles from

When the world changed in the middle of March 2020, it seemed like a 90-day relief on loan payments would get us all through the COVID 19 crisis.  At that time, schools were closed, but all predictions then were that schools would re-open for the 2020 school year.  Banks were offering commercial real estate borrowers

If anything reflects long-range faith that the city will recover from the pandemic crisis, it’s the counterintuitive commitment to new eating venues even though nobody knows when indoor dining will again be permitted. The latest example: RXR Realty just landed a 13,000-square-foot lease for a sprawling food hall at the Starrett-Lehigh Building. Tenants of the

The commercial real estate industry is starting to wake up to its diversity of problem. While the CRE industry has lagged behind other industries in addressing diversity, the most recent discussion about racial inequality is helping to spark change, according to Khalif Edwards, managing director and head of capital raising and investor relations at Cityview.

Although the transaction actually closed late last year, long before the coronavirus pandemic threw 2020’s everything into chaos, it’s only now that Hollywood mogul Jeremy Zimmer‘s acquisition of a spectacularly prime Pacific Palisades property has come to public attention. Set on nearly a full flat acre in the Riviera neighborhood — one of the most

About half of school-age children in the United States will attend school remotely, according to a survey by Burbio.com. Roughly 52 percent of students are expected to be learning in virtual classrooms at the beginning of the school year, while 44 percent will be attending school in person. Of the students attending in person, some

A financial technology startup geared towards helping residential renters says it has acquired $8 million in seed funding from financial backers. Named Till, the fintech platform received the funding from Route 66 Ventures, MetaProp and NextGen Venture Partners. Till said it will use the money to continue its growth and to attract new landlords and

This is no hole in the ground! Starting next month, fans of “The Hobbit” can spend $500 a night to crash in a cozy house — complete with a circular entryway and and a “living” roof covered in leafy plants — that looks like it was imported straight from the movie set to the Hudson

As the US continues to face the coronavirus pandemic, Eden Health says it’s launching a health amenity for the commercial real estate market that includes a primary care doctor and testing for the deadly virus. Included in the amenity is an exam room for “routine primary care” and a wellness room, the company reported. It also includes

A secluded estate in the tiny yet ultra-desirable Silicon Valley town of Atherton, Calif. was recently sold for $13.5 million, and records indicate the off-market buyer is the tech billionaire next door: Omid Kordestani, the Iranian-born, recently-departed executive chairman of Twitter and one of Google’s very first employees. Built in 1995 and tucked away at

The pandemic and all its associated fallout (high unemployment, a tanking economy, shuttered storefronts and a rollercoaster stock market, to name a few) hasn’t been able to dampen the spirits of the residential home market, as 96% of metro areas are reporting an increase in home prices in Q2, according to a report by the

Nearly $16.6 billion in commercial mortgage-backed security loans were granted some form of relief as of July, with the lodging and retail sectors accounting for the bulk of forbearances, according to a new Trepp analysis of remittance comments. The review found about 400 loans were granted relief, though that number will likely increase. Nearly two-thirds of

The Big Apple is hollow at its core. Vacant rental apartments in Manhattan hit an all-time high in July amid the coronavirus pandemic — a 122 percent increase from the same month last year, new data shows. Last month, 13,117 apartments were available to rent, compared to just 5,912 in July 2019, according to the

STATESBORO, GA – Student housing real estate investment and property management firm, XFD Real Estate Partners has purchased the largest off-campus student housing community in Statesboro, GA. The acquisition additionally represents the largest student housing sale in the market to date. For the acquisition, XFD Real Estate Partners entered a joint-venture partnership with Ash Real

After nearly a year on the market at declining prices, Wendy “How your doin’” Williams has sold her suburban home in Livingston, N.J., about 20 miles due west of Midtown Manhattan, for $1.475 million. Unfortunately for the feisty and sometimes controversial chat show diva, divorced earlier this year from second husband Kevin Hunter after it

NEW YORK CITY—New York City REIT is set to list its Class A common stock shares on the New York Stock Exchange next week on Aug. 18. The shares will trade under the symbol “NYC”. The listing will allow the company better access to capital markets, according to prepared remarks by CEO Michael Weil. This

Arguably experiencing more drastic highs and lows than any other commercial real estate sector as of late, is the senior housing market. Desiring active lifestyles, downsizing and high-tech amenities, seniors’ demand for updated, luxury senior living developments generated almost immediate results from investors and developers in recent years. While industry stakeholders complied to the increasing

When Beth Starr purchased her Westchester County house in 2003, she loved the wooden beams, stone walls and manicured grounds. But now that she has listed her English manor-style property in Pelham, NY, for nearly $1.6 million, she’s found buyers find another detail appealing: the built-in bar. What was once a bonus amenity has become

While the late summer might see a pause in net lease transactions, Camille Renshaw, CEO and Founder of B+E, thinks there is still plenty of interest from large institutional investors. B+E recently did a series of calls with investors. Renshaw says her smallest client on the calls had $250 million in dry powder, the largest

Not even a year ago, dashing 38-year-old retired Formula One race car driver Jenson Button, engaged about two years ago to former Playboy model Brittny Ward, ponied up $8.7 million for a not-yet-completed mansion on leafy, little-known canyon cul-de-sac just north of L.A.’s fearsomely upper-crust Bel-Air Country Club. Now completed and dressed up in high

The global chief economist for commercial real estate giant CBRE says he’s optimistic about the long-run outlook for the office sector in spite of businesses’ rapid adoption of technology that facilitates remote meetings. In a recent podcast conversation, Richard Barkham told host Spencer Levy that while the near-term prospects for the asset class are dim, he’s confident

Avison Young is expanding its investment platform in the US, and the firm has tapped Troy Jenkins as principal and director of investment management to lead the expansion of the platform. Jenkins will be based in Los Angeles, bringing more than 30 years of experience in investment banking and commercial real estate with experience at

Bradley Cooper has spent part of the pandemic in a house on Sasco Hill Road in Southport, Conn., according to our spies and local reports. During his time there earlier this summer, the actor was spotted at several Fairfield County restaurants, including Bartaco in Westport (where he was having lunch with Brad Pitt and Leonardo

Nuveen Real Estate has raised an additional $500 million across its US Cities Multifamily Fund and US Cities Industrial Fund. Since its launch, the US Cities Multifamily Fund has raised $1.02 billion from eight investors, including $327 million raised in its most recent closing from institutional investors in the US and abroad. “We continue to

Media power couple Rich Bressler, President/COO/CFO of iHeartMedia, and Lisa Gersh, co-founder of the Oxygen network, have listed their designer-done three-bedroom and 3.5-bathroom high-rise condo in New York City’s historic and charming West Village at $7.95 million. Alas, even with a full-price sale, which could be difficult given the sluggish Manhattan market, once improvement expenses,

In September 2019, the Federal Housing Finance Agency (FHFA) overhauled its system of multifamily caps, simplifying its structure and setting targets for Fannie Mae and Freddie Mac of $100 billion each for the next five quarters. Two months later, Freddie Mac asked Rich Martinez to play a major role in guiding the agency to those

Innovation lightbulb. Laurie Lustig-Bower, CBRE, Los Angeles Lustig-Bower is an executive vice president at CBRE and founder/leader of Team Lustig-Bower, a group of eight professionals that specialize in the sales of apartment buildings, condominium conversions/reversions, and land for development of multi-housing properties. In the past sixteen years, team Lustig-Bower has handled over $10 billion in