Real Estate

The longtime home of ever-young actor Geena Davis, on nearly half an acre along a quiet and picturesque, Jacaranda-lined cul-de-sac in L.A.’s posh Pacific Palisades community, has popped up for sale at nearly $6 million. Listings held by David Offer of Berkshire Hathaway HomeServices California Properties, which make no secret of the identity of the

So far, the apartment market has held up relatively well after COVID-19 hit. But Jake Reiter, president of Verde Capital, does see some issues on the horizon.  In higher-end, mixed-use apartments, the retail and hospitality portions could “pull-down” building performance, according to Reiter. “The hotel piece, the WeWork piece or the retail piece could be

An online real estate database company just released new figures showing that renters’ preferred location is tiling toward the suburbs. Zillow attributed the new data to the impact of the coronavirus because of the spike in unemployment. Zillow reasoned that renters were hit more severely by the economic effects of the coronavirus than homeowners Instead

Conde Nast, which only finished moving into its HQ at One World Trade Center in 2014, is scouting midtown Manhattan for a potential new HQ. The parent company, Advance Publications, confirmed to the Post late Tuesday it is considering moving the publisher of Vogue, The New Yorker, Vanity Fair, GQ from the WTC site only

Mortgage defaults are increasing at an alarming rate. The delinquency rate for loans tied to commercial mortgage-backed securities jumped to 10.32 percent in June, which was an increase of 317 basis points over the May number. “If the property owners who have the mortgages are unable to pay, it’s clear that investors in CMBS are

After just about five months on the market, Shemar Moore has sold his longtime home in the affluent San Fernando Valley community of Encino, Calif., for $2.4 million. Built in 1963 and substantially updated since, the former fashion model and “Soul Train” host purchased the property a dozen years ago and first made it for

While we are still early in the pandemic-triggered recession, some investors are already seeing the distressed asset investment opportunities—and BH Properties is among them. The investor is expecting a wave of bankruptcies and defaults, and is launching a $200 million debtor-in-possession platform to act on those opportunities in the coming months. “We’ve already seen a

Covid was certainly not in any of Lee & Associates’ business plans, but as investment brokers, the firm has the opportunity to seek out clients that need help, and in times like this, having a trusted advisor has never been more critical. That is according to Candice Chevaillier, a principal at the firm, and one

The biggest lease of the year is done – and it’s momentous good news for a limping office-leasing market in a city beleaguered by the coronavirus. Facebook on Monday closed on a long-awaited deal for 730,000 square feet at Vornado’s Farley Building, the former post office site between Madison Square Garden and the Hudson Yards

Providing insight on the hospitality sector’s varying debt solutions in relation to the current, on-going crisis, Alan Cohen, chair of Akerman LLP’s real estate finance practice and co-office managing partner of the firm’s New York office, recently connected with GlobeSt.com to answer a few questions regarding payment options within the hotel landscape. Are lenders permitting

Four years ago, independent film and documentary writer, producer and director Tim Disney (“American Violet,” “Jim Allison: Breakthrough”), a showbiz scion of the Disney family — he is the grand-nephew of Walt Disney and the son of late billionaire Roy E. Disney, the last Disney family member to be involved with the company, and his

The year 2020 will not be soon forgotten as the spread of COVID-19 and society’s reaction to the virus have combined to devastate the global economy. U.S. GDP in the second quarter declined by 32.9 percent on an annualized basis, the most significant quarterly decline observed since the 1940’s. While the stock market has rebounded

As the industry deals with massive disruption, architects and designers are finding that they will play a new role in the recovery. According to Nadel Architecture and Planning leadership, architects and designers will be tasked with finding innovative solutions to the challenges facing CRE. The firm recently transitioned its leadership and ownership team to position

The best things in life may be free, but some of them come with strings attached. Like this charming bungalow in Athens, Georgia. The property, which dates back to 1923, is currently available for zero dollars and zero cents — but you’ll have to move it to a new location. The home’s owner, Rocky Moore

CMBS and construction lending have been the two most impacted sectors during the pandemic. Lenders in these two categories have slowed activity significantly. In CMBS, the market had a lot of exposure to both the retail and hospitality markets. Construction lenders, on the other hand, are moving forward with extreme caution. “The CMBS market has

Married actors Trai and Grace Byers, best-known for their roles on “Empire” as Andre Lyon and Anika Calhoun, respectively, have traded the jam-packed hills of Hollywood for a roomy piece of suburban L.A. bliss. Records reveal the couple paid north of $4 million for their relaxed new digs, which were constructed on speculation by a

Aquicore, a real estate software company that analyzes and makes predictions about building performance in real time, has secured $14 million that it will use to bolstering its cloud-based platform and to expand into Europe. The new round, led by New York City investment firm Keyframe Capital Partners with additional participation from European venture capital firm A/O Proptech and

Short-term rentals of larger units weathered the COVID-19 pandemic better than hotels and smaller short-term rental units, according to a joint analysis by STR and AirDNA. With an occupancy rate of 61.4 percent, large short-term rentals were doing well during quarantine, while short-term rentals came in at 58.2 percent occupancy. Hotels fared the worst, with

For Sale: Ireland’s most haunted mansion “where the devil himself lived.” Paranormal professionals and ghost lovers take note: Loftus Hall in Fethard on Sea, in Ireland’s County Wexford, is on the market for $3 million. The 22-bedroom Georgian mansion set on stately, landscaped grounds has been put on the block by owners Aidan and Shane

The realization that working from home will likely outlast the pandemic has altered the decision-making process for those in the market for a new home. The ability to work from home is causing buyers to move sooner than expected, look at a broader range of geographic locations and, of course, seek out a home with

What do you get when a military barracks in one of London’s most exclusive neighborhoods and a famous sports car designer hop into bed together? Luxury condos, of course! Twelve years in the making, Chelsea Barracks, a former military base in London’s ultra-ritzy Belgravia neighborhood, that’s undergone a $6 billion re-development spanning 13 acres, is

The way we live our lives and conduct business has drastically changed in 2020—a trend that also includes the senior housing industry. Namely, according to a recent post from JLL, Covid-19 has prompted senior housing communities to quickly to adopt new technologies, faster than they might otherwise have. Currently, technology is used in these communities as a way to keep both

A record $300 billion in funds designated to buy distressed commercial real estate assets remains on the sidelines despite plunging commercial real estate values tied to the COVID-19 pandemic, according to New York-based Enertiv.  As commercial real estate sales and acquisitions of $2.5 million-plus properties have plummeted 79 % since February,  stashed billions in “dry

A Manhattan apartment once owned by Gisele Bündchen and Tom Brady is back on the market for the bargain price of $13.7 million. The 48th-floor home is at 23 E. 22nd St., a tall, modern tower now known as One Madison that overlooks Madison Square Park. Bündchen and Brady bought it for $11.7 million in 2014

A survey from a tenant experience provider says employees are productive while working at home amid the coronavirus pandemic, but they do struggle with the absence of coworker interaction and “sub-optimal work environments.” The survey is from the company Equiem, which collected more than 4,500 poll and survey responses, according to a company report. The

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.