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Weekly condo sales volume drops in Miami during pandemic
News 7 hours ago
Weekly condo sales volume drops in Miami during pandemic

The number of condos sold in Miami-Dade County held steady last week, while the total sales volume dropped during the coronavirus pandemic. A total...

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Stimulus gives brokers lifeline, but may not be enough for deluge of unemployed
News 8 hours ago
Stimulus gives brokers lifeline, but may not be enough for deluge of unemployed

Real estate brokers are getting a lifeline from the federal government’s massive stimulus plan (Credit: Pixabay) Real estate brokers are generally...

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Simkins buys more land in Miami’s Overtown
News 9 hours ago
Simkins buys more land in Miami’s Overtown

Michael Simkins and 226 Northwest 10th Street (Credit: Google Maps) A company tied to Michael Simkins purchased more than a dozen parcels in Miami...

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Jeff Bezos pulls out of $90M deal for Beverly Crest’s “Enchanted Hill” property
News 1 day ago
Jeff Bezos pulls out of $90M deal for Beverly Crest’s “Enchanted Hill” property

Jeff Bezos and the Enchanted Hill property (Credit: Arif Hudaverdi Yaman/Anadolu Agency via Getty Images) In this time of crisis and economic...

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San Francisco’s Oceanwide Center has a new buyer
News 1 day ago
San Francisco’s Oceanwide Center has a new buyer

John Zhao and a rendering of Oceanwide Center (Credit: Foster + Partners via Dezeen, and Nora Tam/South China Morning Post via Getty Images) China...

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“Kicking the can down the road”: Real estate industry says $2T relief plan doesn’t do enough
News 1 day ago
“Kicking the can down the road”: Real estate industry says $2T relief plan doesn’t do enough

(Credit: iStock) For much of the real estate industry, the $2 trillion stimulus package President Trump signed into law to bolster the economy...

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EB-5 is back in the doghouse
News 1 day ago
EB-5 is back in the doghouse

(Credit: iStock) EB-5 was left out of Congress’ $2 trillion federal stimulus package bill, crushing developers’ hopes of getting cheap financing as...

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Macy’s announces furloughs for “majority” of its workers
News 1 day ago
Macy’s announces furloughs for “majority” of its workers

Macy’s in Herald Square and CEO Jeff Gennette (Credit: Google Maps, D Dipasupil/FilmMagic via Getty Images) Macy’s Inc. will be furloughing most of...

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Miami-Dade suspends permitting and inspections in unincorporated areas
News 1 day ago
Miami-Dade suspends permitting and inspections in unincorporated areas

Miami-Dade County Permitting and Inspection Center Miami-Dade suspended the county’s building code functions in unincorporated areas, including...

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Redfin sells $110M stake to VC firm
News 1 day ago
Redfin sells $110M stake to VC firm

Durable Capital’s Henry Ellenbogen and Redfin CEO Glenn Kelman (Credit: Ellenbogen by Paul Morigi/Getty Images for The Phillips Collection; Redfin)...

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Publix to offer rent relief to retail tenants
News 1 day ago
Publix to offer rent relief to retail tenants

Publix (Credit: iStock) Publix has become the latest landlord to offer rent relief to its retail tenants due to the impacts of Covid-19. The...

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US will see $20B in retail loans come due starting this week
News 1 day ago
US will see $20B in retail loans come due starting this week

Almost 50,000 retail stores have closed across the country, and the restaurant industry has lost $25 billion in sales since March 1, (Credit: Getty...

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WeWork lays off 250 more employees, but Covid-19 isn’t reason
News 1 day ago
WeWork lays off 250 more employees, but Covid-19 isn’t reason

WeWork chairman Marcelo Claure (Photo by Chip Somodevilla/Getty Images) WeWork laid off 250 more people on Thursday, but the decision was not made...

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Miami warehouse leased to Southeast Frozen Foods sells for $31M
News 1 day ago
Miami warehouse leased to Southeast Frozen Foods sells for $31M

18770 Northeast Sixth Avenue UPDATED, March 30, 1:20 p.m.: Ivy Realty paid $30.5 million for a cold storage facility leased to Southeast Frozen...

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Safer-at-home effective in South Florida until mid-May
News 1 day ago
Safer-at-home effective in South Florida until mid-May

Gov. Ron DeSantis (Credit: Josh Brasted/Getty Images) Gov. Ron DeSantis on Monday announced a unified “safer-at-home” policy for Southeast Florida...

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Airbnb suspends marketing, cuts executive pay in half
News 1 day ago
Airbnb suspends marketing, cuts executive pay in half

Airbnb CEO Brian Chesky (Photo by Bryan Bedder/Getty Images for Airbnb) Airbnb has suspended all of its marketing in an attempt to save $800...

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Four Seasons Hotel Miami, DoubleTree near MIA lay off hundreds
News 1 day ago
Four Seasons Hotel Miami, DoubleTree near MIA lay off hundreds

Four Seasons Hotel Miami at 1435 Brickell Avenue (Credit: Averette/Wikipedia) More layoffs are heading to South Florida’s hospitality industry as...

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Movers & Shakers: Longtime JLL brokers join CushWake & more
News 1 day ago
Movers & Shakers: Longtime JLL brokers join CushWake & more

From left: Denny St. Romain and Jubeen Vaghefi me JLL brokers Denny St. Romain and Jubeen Vaghefi joined Cushman & Wakefield’s multifamily group in...

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Landlords are slicing up vacant big box stores to get new tenants — and it's working
News 1 day ago
Landlords are slicing up vacant big box stores to get new tenants — and it's working

(Illustration by Dave Murray) Across Florida, Seritage Growth Properties, the publicly traded Sears REIT, has been working quickly to repurpose old...

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New Yorkers ship Upstate and to the Hamptons to wait out coronavirus
News 2 days ago
New Yorkers ship Upstate and to the Hamptons to wait out coronavirus

New Yorkers are booking vacation rentals outside the city (Credit: iStock) It’s no secret to New Yorkers hunkering down in the city: many of their...

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Government office closures stop commercial deals in their tracks
News 2 days ago
Government office closures stop commercial deals in their tracks

Physical copies of paperwork is needed for most commercial real estate deals Broad economic anxiety isn’t all that’s tamping down on commercial...

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Bernie Sanders throws support behind New York rent-suspension bill
News 3 days ago
Bernie Sanders throws support behind New York rent-suspension bill

Bernie Sanders (Credit: Getty Images) Presidential candidate Bernie Sanders has thrown his weight behind Sen. Michael Gianaris’ rent-suspension...

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Stimulus deal buoys real estate stocks, but coronavirus maintains its grip
News 4 days ago
Stimulus deal buoys real estate stocks, but coronavirus maintains its grip

(Credit: iStock) The mid-week market optimism slid away Friday, as real estate stocks — including real estate investment trusts, brokerage firms...

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Michael Shvo on the Bible, Batman and why NYC will bounce back
News 4 days ago
Michael Shvo on the Bible, Batman and why NYC will bounce back

After seven months of due diligence, developer Michael Shvo bet on New York real estate emerging from the coronavirus pandemic last week — by...

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South Florida lenders and landlords battle new coronavirus reality
News 4 days ago
South Florida lenders and landlords battle new coronavirus reality

As businesses shutter across South Florida and unemployment skyrockets to record highs, landlords are facing a difficult dilemma: How to offer rent...

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Another huge round of layoffs for Knotel
News 4 days ago
Another huge round of layoffs for Knotel

Knotel CEO Amol Sarva Flex office company Knotel slashed its 400-person workforce by half, as the coronavirus pandemic has drained the unicorn...

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WeWork to miss 2020 targets because of coronavirus
News 4 days ago
WeWork to miss 2020 targets because of coronavirus

WeWork’s Marcelo Claure and Sandeep Mathrani (Credit: Getty Images) WeWork says it won’t be hitting its targets this year because of the...

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Fed to mall and hotel owners: Drop dead
News 4 days ago
Fed to mall and hotel owners: Drop dead

Federal Reserve Board Chairman Jerome Powell (Photo by Win McNamee/Getty Images) The central bank’s multi-trillion-dollar intervention to help...

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New York halts most construction
News 4 days ago
New York halts most construction

New York Gov. Andrew Cuomo (Credit: Drew Angerer/Getty Images, and iStock) After facing pressure from city officials and workers, the state is...

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House passes $2 trillion stimulus package
News 4 days ago
House passes $2 trillion stimulus package

UPDATED, 3:46 p.m., March 27: After a brief procedural hiccup, Congress' $2 trillion economic stimulus package is on its way to the desk of...

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