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Revenge of the hoodies: Big Tech may be breaking up with Big Office for good
News 1 week ago
Revenge of the hoodies: Big Tech may be breaking up with Big Office for good

An illustration of Vornado’s Steven Roth and Facebook’s Mark Zuckerberg On Thursday, Mark Zuckerberg took direct aim at real estate’s holiest of...

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Mixed-use Le Jeune Road dev site heads to market for $17M
News 1 week ago
Mixed-use Le Jeune Road dev site heads to market for $17M

4238-4276 Northwest 7th Street in Miami, Avison Young’s Michael Fay, John Crotty, David Duckworth, Brian de la Fé, Emily Brais and Berkley...

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Empty office buildings may give rise to other health risks
News 1 week ago
Empty office buildings may give rise to other health risks

Stagnant water in office buildings may pose risk to returning workers (iStock; CDC) Workers abandoned their office buildings in mid-March to heed...

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Convene’s top design exec steps down
News 2 weeks ago
Convene’s top design exec steps down

Joyce Bromberg (Convene via Twitter) Convene’s top design executive is stepping down after more than 10 years with the firm, the company announced...

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Bed Bath & Beyond to reopen 600 US stores
News 2 weeks ago
Bed Bath & Beyond to reopen 600 US stores

Bed Bath & Beyond is planning to reopen 600 U.S. stores as states begin to wind down shelter-in-place orders. (Getty) Bed Bath & Beyond is planning...

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Miami Beach votes to reopen hotels and beaches June 1
News 2 weeks ago
Miami Beach votes to reopen hotels and beaches June 1

Miami Beach Mayor Dan Gelber and City Manager Jimmy Morales (Credit: Nicholas Hunt/Getty Images, and Mike Coppola/Getty Images) Hotels and beaches...

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Easton Group picks up land in Hialeah Gardens for $8M
News 2 weeks ago
Easton Group picks up land in Hialeah Gardens for $8M

Easton Group’s Jose Hernandez-Solaun and Hialeah Gardens City Hall (Credit: City of Hialeah Gardens) A company tied to the Easton Group bought an 8...

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Esplanade at Aventura work stoppage leads to lawsuit by Mexican restaurant
News 2 weeks ago
Esplanade at Aventura work stoppage leads to lawsuit by Mexican restaurant

Seritage Growth Properties stopped construction at Esplanade at Aventura because of the pandemic, and now Mexican restaurant Carolo wants to break...

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The Closing: Barry Sternlicht
News 2 weeks ago
The Closing: Barry Sternlicht

Barry Sternlicht (Photo by Emily Assiran) Barry Sternlicht, who has amassed an estimated net worth of $3 billion over the years, is co-founder,...

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States Title raises $123M to digitize title, mortgage and escrow
News 2 weeks ago
States Title raises $123M to digitize title, mortgage and escrow

States Title CEO Max Simkoff (iStock, States Title) A San Francisco startup that’s digitizing mortgage, title and escrow said it raised $123...

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How the pandemic is shaking up property taxes in 4 major markets
News 2 weeks ago
How the pandemic is shaking up property taxes in 4 major markets

With property tax deadlines quickly approaching — or having already passed — many state and local governments are in a bind. Taxes from real estate...

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Whole Foods-anchored retail in Coral Gables sells for $47M
News 2 weeks ago
Whole Foods-anchored retail in Coral Gables sells for $47M

Luis Castillo, Eric Williams, Danny Finkle and 6701 Red Road A fund managed by Zurich Alternative Asset Management purchased the Whole Foods...

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Facebook, Mastercard rethink office footprint
News 2 weeks ago
Facebook, Mastercard rethink office footprint

Mastercard CEO Ajaypal Singh with 150 Fifth Avenue and Facebook CEO Mark Zuckerberg with Moynihan Station in New York (Getty; Google Maps) Facebook...

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Mall of America falls behind on $1.4B mortgage
News 2 weeks ago
Mall of America falls behind on $1.4B mortgage

Mall of America in Minnesota (Farragutful via Wikipedia) The country’s largest shopping mall has reportedly fallen behind on its $1.4 billion...

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Luxury condo prices drop in downtown Miami amid lockdown
News 2 weeks ago
Luxury condo prices drop in downtown Miami amid lockdown

(Credit: iStock) Luxury condos in Greater Downtown Miami sold for about $3.3 million on average in the first quarter, but the average price dropped...

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Goldman Sachs to juice cash-strapped real estate owners with $3B fund
News 2 weeks ago
Goldman Sachs to juice cash-strapped real estate owners with $3B fund

A photo illustration of Goldman Sachs CEO David Solomon (Getty; iStock) Big money will be deployed into cash-deprived real estate funds that have...

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French developer plans to build a cluster of rentals in Hollywood
News 2 weeks ago
French developer plans to build a cluster of rentals in Hollywood

A rendering of the project at 2717 Van Buren Street A French developer advanced plans to build a 78-unit cluster of rental apartments and...

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Investcorp wants out of struggling Southland Mall
News 2 weeks ago
Investcorp wants out of struggling Southland Mall

Jamie Dimon of JPMorgan, Southland Mall and Investcorp co-CEOs Rishi Kapoor (top) and Hazem Ben-Gacem (Credit: Getty; Southland; Investcorp) As...

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School’s out for summer. But will student housing rebound in the fall?
News 2 weeks ago
School’s out for summer. But will student housing rebound in the fall?

American Campus Communities CEO Bill Bayless The shift among some colleges to online classes has been met with skepticism in academia but it could...

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Millions more file for unemployment as states continue to reopen for business
News 2 weeks ago
Millions more file for unemployment as states continue to reopen for business

Millions of new jobless claims were filed last week, as all 50 states have now begun the complicated process of reopening their economies for...

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The big debate intensifies: Are office buildings outdated or obsolete?
News 2 weeks ago
The big debate intensifies: Are office buildings outdated or obsolete?

The lobby inside the Milstein family's office building next to Grand Central Terminal looks like something from a tech influencer's Instagram...

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Real estate firms are raising billions in debt and equity. Here’s why
News 2 weeks ago
Real estate firms are raising billions in debt and equity. Here’s why

Rich Barton, Howard Lorber, Jay Hennick, Brett White As the economy starts to re-open, real estate players are hungry for cash. On Tuesday, CoStar...

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Stay Alfred, VC-backed hospitality startup, closes for good
News 2 weeks ago
Stay Alfred, VC-backed hospitality startup, closes for good

Stay Alfred CEO Jordan Allen Stay Alfred, a hospitality startup that raised $62 million, is closing its doors for good. Ending weeks of speculation...

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“Corporate shell game”: Special servicer says Hudson’s Bay undermined $850M loan
News 2 weeks ago
“Corporate shell game”: Special servicer says Hudson’s Bay undermined $850M loan

Hudson’s Bay CEO Richard Baker (Credit: Getty; iStock) The special servicer for an $850 million CMBS deal has accused Hudson’s Bay Company of...

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Compass’ chief people officer is out
News 2 weeks ago
Compass’ chief people officer is out

Sara Patterson, the top human-resources executive at Compass, is out after just three months at the residential brokerage. In an email to staff...

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“There’s a lot of concern about going back to an office”: how companies are returning to work in South Florida
News 2 weeks ago
“There’s a lot of concern about going back to an office”: how companies are returning to work in South Florida

Anabella Smith, Louis Archambault, Scott Goldstein At Zyscovich Architects’ headquarters in downtown Miami, returning to work will be a little...

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Construction industry looks for solid ground
News 2 weeks ago
Construction industry looks for solid ground

In the best of times, construction is a complicated business. Labor problems, demanding developers, financing issues, bad weather — any number of...

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What happens when real estate Zoom meetings go awry?
News 2 weeks ago
What happens when real estate Zoom meetings go awry?

Children crashing a virtual deposition with cries of an overflowing toilet. A participant standing up during a business conference, not wearing...

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Czech billionaire who bought Macy’s stake just acquired 6% of Foot Locker
News 2 weeks ago
Czech billionaire who bought Macy’s stake just acquired 6% of Foot Locker

Daniel Kretinsky and a Foot Locker store (Credit: Getty) Daniel Kretinsky’s shopping spree continues, this time at Foot Locker. Earlier this month,...

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Hotel occupancy is up for fifth week in a row
News 2 weeks ago
Hotel occupancy is up for fifth week in a row

(Credit: iStock) Hotel occupancy increased for the fifth week in a row, though the industry remains in a deep rut. U.S. hotels saw nearly 11...

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