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Sidewalk Labs abandons Toronto smart city megaproject
News 4 weeks ago
Sidewalk Labs abandons Toronto smart city megaproject

Dan Doctoroff and a rendering of the project (Credit: Bloomberg New Energy Finance via Wikipedia) Alphabet subsidiary Sidewalk Labs is abandoning a...

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Ben Moss to head Compass’ National Sports & Entertainment Division
News 4 weeks ago
Ben Moss to head Compass’ National Sports & Entertainment Division

Ben Moss Ben Moss was tapped to take over as national director of Compass’ Sports & Entertainment Division, leading about 100 agents and filling...

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Mining company asks court to reveal Beny Steinmetz’s NYC real estate plays
News 4 weeks ago
Mining company asks court to reveal Beny Steinmetz’s NYC real estate plays

Beny Steinmetz and a rendering of The XI at 76 11th Avenue (JACK GUEZ/AFP via Getty Images; BIG) For years, Israeli billionaire Beny Steinmetz has...

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“When it’s really ugly, it’s a good time to invest”: Sternlicht on Starwood’s hunt for opportunities
News 4 weeks ago
“When it’s really ugly, it’s a good time to invest”: Sternlicht on Starwood’s hunt for opportunities

Barry Sternlicht (Credit: Leon Bennett/Getty Images, Spencer Platt/Getty Images, iStock) When the coronavirus started to take hold, Barry...

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Newmark profit down, revenue up
News 4 weeks ago
Newmark profit down, revenue up

Newmark Grubb Knight Frank CEO Barry Gosin (Photo by Kelly Sullivan/Getty Images for BenchMarks) Newmark Group’s first-quarter profit fell 52...

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Realogy CEO says Covid-19 “eviscerated” value of Amazon partnership
News 4 weeks ago
Realogy CEO says Covid-19 “eviscerated” value of Amazon partnership

Realogy CEO Ryan Schneider and Amazon CEO Jeff Bezos (Credit: Bezos via Paul Morigi/Getty Images for Amazon) Realogy’s much-lauded partnership with...

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Neiman Marcus files for bankruptcy, casting uncertainty over Hudson Yards
News 4 weeks ago
Neiman Marcus files for bankruptcy, casting uncertainty over Hudson Yards

Neiman Marcus Group CEO Geoffroy van Raemdonck and Neiman Marcus at Hudson Yards (Credit: Raemdonck by NEIL RASMUS/Patrick McMullan via Getty...

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Selina CEO says $60M in funding will get startup through crisis
News 4 weeks ago
Selina CEO says $60M in funding will get startup through crisis

Selina CEO Rafael Museri (Credit: The Vollman Group) Selina, a London-based hotel and co-working company backed by Adam Neumann, has reportedly...

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Michigan manufacturing honcho buys condo at The Bristol in West Palm
News 4 weeks ago
Michigan manufacturing honcho buys condo at The Bristol in West Palm

The Bristol and David Brule Northern Star Industries (Credit: Michigan Tech) A Michigan manufacturing executive bought a unit at The Bristol in...

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The Interview: Bess Freedman on how resi firms will look post-Covid
News 4 weeks ago
The Interview: Bess Freedman on how resi firms will look post-Covid

It’s been six weeks since New York’s residential firms went dark after Gov. Andrew Cuomo shut non-essential workplaces to curb Covid-19 deaths. In...

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Realogy reports $462M first-quarter net loss
News 4 weeks ago
Realogy reports $462M first-quarter net loss

Realogy CEO Ryan Schneider Brokerage giant Realogy Holdings reported a net loss of $462 million during the first quarter as coronavirus threatened...

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Russell Galbut’s Crescent Heights wants a rooftop movie theater at 1212 Lincoln project
News 1 month ago
Russell Galbut’s Crescent Heights wants a rooftop movie theater at 1212 Lincoln project

Rendering of Rooftop Cinema Club at 1212 Lincoln and Russell Galbut Russell Galbut’s Crescent Heights wants to open an outdoor rooftop movie...

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What Sam Zell is offering renters to keep occupancy rates high
News 1 month ago
What Sam Zell is offering renters to keep occupancy rates high

Sam Zell and Mark Parrell headshots (Credit: John Lamparski/Getty Images, iStock) Sam Zell’s Equity Residential had a collection rate of about 97...

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Outback Steakhouse cuts hours to the bone
News 1 month ago
Outback Steakhouse cuts hours to the bone

Bloomin’ Brands CEO David Deno and an Outback Steakhouse (Credit: Bloomin’ Brands and Jeffrey Greenberg/Universal Images Group via Getty Images)...

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Resort-town hotels bounce back in reopening states, providing industry with hope of a return
News 1 month ago
Resort-town hotels bounce back in reopening states, providing industry with hope of a return

A Disney resort hotel in Kissimmee, Florida and Galveston, Texas with STR senior vice president Jan Freitag (Credit: MARK FELIX/AFP /AFP and DANIEL...

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Even Sam Zell isn’t ready to dance on graves
News 1 month ago
Even Sam Zell isn’t ready to dance on graves

Photo illustration of Sam Zell by The Real Deal. The investor has made a fortune playing the distressed game. But even he’s on the sidelines for...

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The days of long-term retail leases may be over
News 1 month ago
The days of long-term retail leases may be over

Jamestown’s Michael Phillips says, “the days of being the landlord as an overlord to collect rent are over.” (Credit: Phillips by Karjean Levine...

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Related, Rockpoint nab $69M construction loan for Boca Raton apartments
News 1 month ago
Related, Rockpoint nab $69M construction loan for Boca Raton apartments

Related Group’s Jorge Perez and 5400 Broken Sound Boulevard in Boca Raton (Credit: Google Maps) The Related Group and Rockpoint Group scored a $69...

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“What, me worry?” Ladder Capital says it can easily meet margin calls
News 1 month ago
“What, me worry?” Ladder Capital says it can easily meet margin calls

Brian Harris, CEO of Ladder Capital (Credit: iStock) Ladder Capital’s CEO has a message for investors: The lender is in good health and has enough...

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Anbang’s $5.8B hotel portfolio sale scrapped
News 1 month ago
Anbang’s $5.8B hotel portfolio sale scrapped

Clockwise from the top left: JW Marriott Essex House in New York, the Four Seasons in Jackson Hole and the Westin St. Francis in San Francisco with...

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Got milk? Moishe Mana closes on acquisition of McArthur Dairy
News 1 month ago
Got milk? Moishe Mana closes on acquisition of McArthur Dairy

Developer and investor Moishe Mana closed on his acquisition of McArthur Dairy for $16.5 million, expanding his business empire into milk...

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How to restart retail on today’s TRD Talk
News 1 month ago
How to restart retail on today’s TRD Talk

TSCG and SCG Retail’s David Firestein, Meridian Retail Leasing’s James Famularo and Newmark Knight Frank’s Jeffrey Roseman On today’s episode of...

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Welcome back to your post-corona office. You probably won’t recognize it
News 1 month ago
Welcome back to your post-corona office. You probably won’t recognize it

Thermal cameras, bacteria-fighting HVAC systems and contactless coffee machines. Welcome back to the office – you may not recognize it. As New...

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“The relationship between landlord and tenant needs to change”: Fifth Wall’s Brendan Wallace on the need for a retail bailout
News 1 month ago
“The relationship between landlord and tenant needs to change”: Fifth Wall’s Brendan Wallace on the need for a retail bailout

The head of the largest real estate-focused venture capital fund is advocating for a $30 billion government bailout of the retail industry, warning...

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Side Deal: Kofi Nartey bolts Compass for VC-backed rival
News 1 month ago
Side Deal: Kofi Nartey bolts Compass for VC-backed rival

Kofi Nartey (Credit: Rachel Murray/Getty Images) Kofi Nartey, whose celebrity client list includes Michael Jordan and Kevin Durant, has jumped to...

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Fortune and Château score $119M refi for Sunny Isles condo project
News 1 month ago
Fortune and Château score $119M refi for Sunny Isles condo project

Fortune International Group’s Edgardo Defortuna, Château Group’s Manuel Grosskopf and a rendering of the project Fortune International Group and...

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Facing revenue shortfall, Airbnb lays off 2,000 workers
News 1 month ago
Facing revenue shortfall, Airbnb lays off 2,000 workers

Airbnb CEO Brian Chesky (Chesky via by Mike Cohen/Getty Images for The New York Times) Facing a steep drop in revenue, Airbnb laid off nearly 25...

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JLL predicts coronavirus’ impact to extend past 2020
News 1 month ago
JLL predicts coronavirus’ impact to extend past 2020

JLL CEO Christian Ulbrich (Ulbrich by JP Yim/Getty Images for Women’s Forum of New York) As the coronavirus crisis cripples property sales and...

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Retail fallout: Victoria’s Secret sale scrapped, Neiman Marcus nears restructuring deal
News 1 month ago
Retail fallout: Victoria’s Secret sale scrapped, Neiman Marcus nears restructuring deal

Victoria’s Secret’s parent company has canceled its deal with private equity firm Sycamore Partners, while Neiman Marcus is nearing a restructuring...

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Sam Zell’s office REIT won’t commit to a specific coronavirus strategy just yet
News 1 month ago
Sam Zell’s office REIT won’t commit to a specific coronavirus strategy just yet

Equity Commonwealth’s Sam Zell and David Helfand (Credit: Equity Commonwealth) Sam Zell’s Equity Commonwealth has not had many problems collecting...

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