Real Estate

WeWork’s embattled ex-CEO Adam Neumann and his wife, Rebekah Paltrow Neumann, are continuing their massive real estate sell-off. The couple, who have kept a low profile since Neumann’s September 2019 ouster from the coworking company he co-founded, sold their Westchester County estate for close to its asking price of $3.39 million. The property is at

When we think about how the COVID-19 pandemic has changed the real estate industry one, (frankly huge) question comes to mind: Do we really need offices anymore? And if not, how will the office sector pivot? The same morning that Amazon revealed it would spend $4.1-billion expanding its office footprint, commercial real estate experts from

In today’s brave modern world, social media clout is the highest form of currency. And celebrity capital itself has never been more valuable, with major companies realizing that the easiest way to target the all-important Gen-Z and millennial demographics is through members of their own tribes. With a myriad array of lucrative branding and sponsorship

The next time you visit your physician, your appointment may very well be virtual from the comfort of your own home. Telehealth, or telemedicine, was an emerging part of healthcare delivery long before COVID-19. Now, the pandemic has catapulted the concept into national awareness. Changes in insurance reimbursement have expanded the availability of telehealth, with

1031 exchange demand is driving the majority of transaction volumes during the pandemic. While some new opportunistic capital has entered the market, the majority of investment demand for CRE assets is coming from 1031 exchange buyers. The activity has not only helped to prop up transaction volumes but has also helped to stabilize pricing through

Even US Treasury Secretery Steve Mnuchin is feeling the burn of falling real estate prices. He has just relisted his apartment at 740 Park Ave. — and slashed the asking price more than 20 percent from when the co-op first went on the market in 2018. 740 Park Ave is one of the city’s poshest

Commercial office space hasn’t played a starring role in the drama of the pandemic shutdown of 2020 — yet. That could change, and the head of Trepp’s advisory services has offered some spoiler alerts as to what plot twists could be ahead for office. COVID-19 caused shutdowns immediately slammed lodging and retail sectors, of course,

Let’s hope Jared Watson, the lead singer from rock/reggae/ska band Dirty Heads has a soundproof room in his new, distinctly suburban Costa Mesa home, if he intends on holding some impromptu jam sessions there. The renovated 4-bedroom, 3-bathroom, 2,356 square foot home — which he picked up for $1.3 million — sits in a tightly

Amazon has announced plans to open or significantly expand six tech hubs in Dallas, Detroit, Denver, Manhattan, Phoenix, and San Diego. The investment for the e-commerce giant will total more than $1.4 billion and will create 3,500 new tech and corporate jobs. Perhaps the most notable expansion will be in Manhattan, where Amazon has acquired

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