Hyundai, based in Seoul, is paying about $275 million in cash for 15 Laight St. in the Tribeca neighborhood, according to people familiar with the matter, who asked not to be named because the transaction is private. The eight-story boutique...
Many landlords are still bullish on rental homes. They generally aim to hold onto properties for a longer length of time than other buyers, which can help insulate them from the price corrections that started to slam the market last year. But...
Eric Birnbaum, Dreamscape’s chief executive officer and founder, said in an interview he’s created a real estate investment trust to own the 2,500-room resort. He’s also created a property management company. Birnbaum sees an opportunity to use...
The Mortgage Bankers Association has lowered its 2023 forecast for commercial mortgage production, predicting a 15 percent decline. Kroger and Albertsons will sell off 300 stores in order to complete their merger, reports GlobeSt.com. These are...
The Dallas-based discount retailer filed in the Northern District of Texas, listing assets and liabilities of $100 million to $500 million, in its bankruptcy petition. It emerged from its last bankruptcy in January 2021 after closing about 200...
Real estate donors to New York Governor Kathy Hochul’s campaign could benefit from new housing tax breaks, reports the New York Post. GlobeSt.com predicts more concessions for apartment renters are coming. These are among today’s must reads from...
A total of 12.6 million square meters of office space was leased on the continent in 2022, a 15 percent jump from the previous year when many staff worked remotely because of the pandemic, data compiled by broker Cushman & Wakefield Plc show.
New York renters living alone in one-bedroom apartments are forking over $19,500 more a year than couples who live together, Zillow data show. In Manhattan, the annual singles tax rises to a whopping $24,000.
Sam Zell’s Equity Commonwealth is on the hunt for deals, but not focusing on distress, reports Crain's Chicago Business. Propmodo breaks down the growing legal problems for RealPage. These are among today’s must reads from around the commercial...
