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For Sam Zell, it’s all about “foreclosures and opportunities”
News 1 week ago
For Sam Zell, it’s all about “foreclosures and opportunities”

Photo illustration of Sam Zell (Getty, iStock) Sam Zell’s Equity Commonwealth real estate investment trust has $3.4 billion in cash ready to deploy...

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Affordable housing experts talk systemic change
News 1 week ago
Affordable housing experts talk systemic change

Advocates have long sought solutions to housing affordability, but recent social unrest has prompted a closer examination of the injustices baked...

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Eastdil founder Ben Lambert sells Fisher Island condo at a loss
News 1 week ago
Eastdil founder Ben Lambert sells Fisher Island condo at a loss

Joe Dimartini, Jill Eber, Cyril Matz, Oliver Lloyd, and Ben Lambert, with the Oceanside unit Eastdil Secured founder and chairman Benjamin Lambert...

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“Alligator Ron” Bergeron sells properties near Miami airport to Prologis
News 1 week ago
“Alligator Ron” Bergeron sells properties near Miami airport to Prologis

Ron Bergeron with 3310 Northwest 24th Street (Credit: Facebook and Google Maps) “Alligator Ron” Bergeron, a Gladesman and former state wildlife...

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Miami condo sales flatten at the end of June
News 1 week ago
Miami condo sales flatten at the end of June

Miami condo sales and dollar volume held steady for the second week in a row at the end of June. A total of 75 condos sold for $31 million last...

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That’s a lot of lettuce: Grocery distributor lists Boca Raton mansion for $23M
News 1 week ago
That’s a lot of lettuce: Grocery distributor lists Boca Raton mansion for $23M

5001 Egret Point Circle, Jeff Levitetz (Credit: Google Maps) The founder of a grocery distribution company is listing his estate in Boca Raton’s...

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Construction startup Katerra lays off 400+ employees
News 1 week ago
Construction startup Katerra lays off 400+ employees

Katerra CEO Paal Kibsgaard (Getty) SoftBank-backed construction startup Katerra has laid off more than 400 employees, one month after new CEO Paal...

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Starwood Capital affiliate sues 1 Hotel & Homes South Beach condo association for trademark infringement
News 1 week ago
Starwood Capital affiliate sues 1 Hotel & Homes South Beach condo association for trademark infringement

1 Hotel South Beach (Credit: Google Maps) An affiliate of Starwood Capital Group is suing the condo association at 1 Hotel & Homes South Beach for...

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Freddie Mac extends multifamily loan forbearance relief to landlords
News 2 weeks ago
Freddie Mac extends multifamily loan forbearance relief to landlords

Freddie Mac of Debby Jenkins (Freddit Mac, Getty) Freddie Mac is expanding the mortgage relief options it offers multifamily property owners, but...

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Where it all started: WeWork to shutter first-ever location
News 2 weeks ago
Where it all started: WeWork to shutter first-ever location

154 Grand Street and WeWork CEO Sandeep Mathrani (WeWork, Getty) No one could accuse WeWork of being overly sentimental. The decade-old co-working...

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Eric Trump is in driver’s seat as Trump Org reopens properties
News 2 weeks ago
Eric Trump is in driver’s seat as Trump Org reopens properties

Eric Trump with Trump National Doral Miami (Getty, Trump Org) One of the Trump family’s most profitable pieces of real estate, Trump Doral golf...

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Movers & Shakers: Koniver Stern brings on brokers, Elmir Group joins One Sotheby’s
News 2 weeks ago
Movers & Shakers: Koniver Stern brings on brokers, Elmir Group joins One Sotheby’s

UPDATED, June 29, 2:25 p.m.: Jordan Gimelstein and David Spitz joined Koniver Stern Group to head its investment sales division. Gimelstein and...

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Blackstone misses payment on $274M hotel loan
News 2 weeks ago
Blackstone misses payment on $274M hotel loan

Blackstone COO Jonathan Gray and Club Quarters Chicago at 111 W Adams Street (Getty, Google) As the hospitality sector struggles to regain its...

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Common managing Nuveen apartment buildings in Fort Lauderdale, LA
News 2 weeks ago
Common managing Nuveen apartment buildings in Fort Lauderdale, LA

Brad Hargreaves Co-living operator Common is expanding its third-party property management. The company signed onto 575 units owned by Nuveen in...

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South Florida by the numbers: Focus on fair housing
News 2 weeks ago
South Florida by the numbers: Focus on fair housing

“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics. Over the past few...

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Will Lemonade’s IPO be sweet or sour?
News 2 weeks ago
Will Lemonade’s IPO be sweet or sour?

Lemonade co-founders Daniel Schreiber and Shai Wininger To investors, Lemonade bills itself as the evolutionary successor to the old insurance...

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Glass condo owners in South Beach sue Terra, architect and contractors, alleging construction defects
News 2 weeks ago
Glass condo owners in South Beach sue Terra, architect and contractors, alleging construction defects

David Martin, Rene Gonzalez and Glass 120 Ocean Drive (RGA, Google Maps) Residents at the ultra-luxury condo development Glass in South Beach say...

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Old West replica town in… New Zealand? hits the market for $7.5M
News 2 weeks ago
Old West replica town in… New Zealand? hits the market for $7.5M

A replica Old West town (Credit: Sotheby’s International Realty via Bloomberg) Every once in a while, a property home to a real or replica Old West...

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Nearly 140,000 businesses on Yelp remain closed since coronavirus hit
News 2 weeks ago
Nearly 140,000 businesses on Yelp remain closed since coronavirus hit

New numbers from Yelp show that 140,000 businesses that closed since March 1 remain closed and that 40 percent of them permanently closed. (Getty)...

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Some 2.2 million of the world’s restaurants could close
News 2 weeks ago
Some 2.2 million of the world’s restaurants could close

Restaurants are struggling to get by Some 2.2 million restaurants worldwide could close in the near future, and that’s a low estimate. Restaurants...

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Mark Wahlberg-backed gym chain F45 plans to go public
News 2 weeks ago
Mark Wahlberg-backed gym chain F45 plans to go public

Mark Wahlberg and an F45 gym location (Getty, F45) Crescent Acquisition Corp has agreed to acquire fitness company F45 Training Holdings and take...

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The 1% are being hampered by France’s anti-shell company levy
News 2 weeks ago
The 1% are being hampered by France’s anti-shell company levy

Vitaly Malkin and Courchevel (Wikipedia) A French court has ordered a Russian businessman to pay a $1.7 million tax bill on a ski resort in the...

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Disney employees aren’t ready to go back to work
News 2 weeks ago
Disney employees aren’t ready to go back to work

Disney is ready to open its massive theme parks in California and Florida, but many of its employees are not. The company plans to open Walt Disney...

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“Our HQ will be in the cloud”: What if remote-first work is an opportunity, not a compromise?
News 2 weeks ago
“Our HQ will be in the cloud”: What if remote-first work is an opportunity, not a compromise?

Remote-first work could lead to greater employee wellbeing, lower housing costs and a fairer company, according to the CEO of Quora When it comes...

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Searching for land: Bruce Eichner, Two Roads vie to buy out aging Bal Harbour condo for over $100M
News 2 weeks ago
Searching for land: Bruce Eichner, Two Roads vie to buy out aging Bal Harbour condo for over $100M

10245 Collins Avenue and (clockwise from top left) Taylor Collins, Bruce Eichner, Phil Gutman and Louis Birdman (Google Maps) Amid a scarcity of...

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Rebuilding the construction industry in the age of the coronavirus
News 2 weeks ago
Rebuilding the construction industry in the age of the coronavirus

Construction sites began to reopen earlier this month. But construction companies are still trying to find ways to adapt to a troubled market in...

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DeSantis announces $250M rental, mortgage assistance fund
News 2 weeks ago
DeSantis announces $250M rental, mortgage assistance fund

Photo illustration of Ron DeSantis (Getty, iStock) Florida Gov. Ron DeSantis announced the state will tap $250 million in CARES Act funding for...

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Blackstone nears $1.4B deal with HPP to build out production studios
News 2 weeks ago
Blackstone nears $1.4B deal with HPP to build out production studios

An illustration of Jon Gray and Victor Coleman Blackstone Group and Hudson Pacific Properties are deep in talks to form a partnership to develop...

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WeWork abandons big Manhattan office lease
News 2 weeks ago
WeWork abandons big Manhattan office lease

A photo illustration of WeWork CEO Sandeep Mathrani and 149 Madison Avenue (Google Maps, Getty) WeWork is scrapping plans to move into a major...

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The jumbo loan market crashed with Covid. But it’s slowly regaining strength
News 2 weeks ago
The jumbo loan market crashed with Covid. But it’s slowly regaining strength

As the virus took hold, banks were staying clear of jumbo loans. But we’re seeing some positive activity now. (Pixabay) Jumbo loans, a favorite...

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