Some 87.6 percent of apartment households made full or partial payments by July 13, according to the National Multifamily Housing Council—an uptick from the 77.4 percent of households who made full or partial rent payments by July 6. This has been a pattern for apartment rents since the pandemic began. Indeed, this trend has been a boon for apartment
Real Estate
The old adage that owners will sell a winner but hold onto a loser seems to be holding true amid the pandemic-fueled slowdown. And that tendency towards potential sellers keeping “losers” off the market seems to be affecting average commercial sales prices. That’s according to a new analysis from New York-based commercial real estate data firm Real Capital
Virtual Inspections have become necessary to move transactions and comply with regulations during the pandemic. While lenders have been flexible in using virtual inspections as part of the underwriting process, in-person inspections will likely be the preference in the future. However, the pandemic has given a guidebook to the possibility for virtual inspections, how they
SEATTLE—COVID-19 has accelerated e-commerce adoption, resulting in strong online sales for retailers such as Target, Walmart and Amazon. Although the newest of the three companies, Amazon’s head start in building out its pure online delivery platform sets it apart from its competition, likely translating into a long-term standing as the number one online platform, according
Developers are starting to include new health and safety regulations and flexibility into development plans for upcoming projects. This includes making financial adjustments to comply with new regulations and adapt to market uncertainty. This is particularly true for institutional developers, who are forging ahead on projects. “Developers are starting to make adjustments to their financial
The U.S. Congress has routinely reauthorized funding for surface transportation to repair and improve critical roads and bridges throughout the country and is scheduled to do so again within the next few months. Now, with a renewed charge to protect our most vulnerable communities so embattled by systemic racism, and a prolonged health crisis resulting
To state the obvious, small businesses are in peril from the pandemic. Millions of small businesses have been forced to close their doors since March and now, new figures from Goldman Sachs suggest that more closings are likely if Congress doesn’t act with further relief. It found that 84% of Payroll Protection Program recipients will
Privately-held real estate investment management firm Bridge Investment Group says it has put $1.3 billion into its Opportunity Zone strategy. Much of the capital has already been deployed to 26 assets in 17 US markets, the company said. “Bridge continues to see tremendous opportunity in these development projects which are expected to provide meaningful impact
A very grand Upper East Side apartment has just hit the market for $32.5 million. The sellers are shopping mall mogul David Simon and his wife Jackie. The couple first listed their stately fourth-floor pad at 625 Park Ave. for $39.5 million in 2016. (They bought it for $25 million in 2011 from financier David
Fox News political commentator Tucker Carlson has sold his handsome home in Washington, D.C.’s leafy and affluent Kent neighborhood for $3.95 million after he scooped up a $2.9 million home hidden down a private lane amid riotous tropical foliage on a tiny barrier island off Florida’s Gulf Coast. The frozen food heir turned paleoconservative firebrand
Maybe this time Ken Laub is serious. An over-the-top Upper East Side townhouse at 163 E. 64th St., casually known as the Versailles of Manhattan, is back on the market for $17.5 million. That’s half its peak 2007 asking price of $35 million. Laub — the seller, a longtime commercial real estate broker who made
Seth Rogen has lately been quite busy on the real estate front. Earlier this year, the prolific professional funnyman bought a cottage in his longtime neighborhood haunt of West Hollywood, and simultaneously put another nearby house up for sale. And his in-flux portfolio still contains a third WeHo-area bungalow, this one acquired way back in
New York property magnate Harry Macklowe has been skipping out on rent in the posh GM Building — a move that’s being seen as a slap in the face to his landlord and fellow real estate mogul Mort Zuckerman. Macklowe, 83, stopped paying the more than $200,000-a-month bill for Macklowe Properties’ headquarters in the iconic
Over the spring of 2016, late actor and sculptor Lyle Waggoner, still best known for his work on “The Carol Burnett Show”(1967-1974) and lesser known as a Playgirl magazine semi-nude centerfold, shelled out $3.95 million for a beachfront contemporary along sleepy Mandalay Beach in Oxnard, Calif. That property, listed with Gary Cuoco at RE/MAX Gold