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Month: March 2020

Landlords aim to keep offices squeaky clean as coronavirus spreads

Several major office landlords are enhancing cleanup efforts as COVID-19 is on the rise (Credit: iStock) The coronavirus outbreak wreaking havoc on the stock market and hotel industry is having an impact on the office market as well. ...

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  • 05 Mar
  • The Real Deal
  • Uncategorized
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Multifamily firm Kaplan pays $48M for Warner Center retail site

Kaplan Companies’ Mike Kaplan and the Warner Center site. (Credit: Google Maps) Multifamily development firm Kaplan Companies paid $48 million for an 8-acre Warner Center retail site, where it intends to build a mixed-use complex. The ...

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  • 05 Mar
  • The Real Deal
  • Uncategorized
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Major hotel chains named in sex trafficking lawsuits

Survivors accused Hilton, Marriott, Wyndham and others of knowing about sex trafficking on the property and still financially benefitting (Credit: Wikipedia Commons, iStock) Some of the biggest hotel companies in the world are named in ...

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  • 04 Mar
  • The Real Deal
  • Uncategorized
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SoftBank-backed Oyo slashes staff, eyes profitability

Oyo Hotels CEO Ritesh Agarwal ((Photo by Tomohiro Ohsumi/Getty Images; iStock) Oyo Hotels, a SoftBank-backed firm valued at $10 billion, is cutting 5,000 jobs as it restructures to focus on profitability. The India-based startup, which ...

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  • 04 Mar
  • The Real Deal
  • Uncategorized
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“If you’re not making $1M this year as a loan officer, you’re grossly incompetent:” Mortgage lenders sense a new gold rush

The nation’s biggest lenders are anticipating a bumper year of refinancing and new home loans (Credit: iStock) Trust mortgage lenders to see opportunity in a global epidemic. A drop in interest rates following the coronavirus outbreak ...

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  • 04 Mar
  • The Real Deal
  • Uncategorized
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Airbnb-backed Lyric lays off 20% of staff

Lyric’s Andrew Kitchell and Joe Fraiman (Credit: iStock) Lyric, the Airbnb-backed hospitality startup that caters to business travelers, has laid off nearly 20 percent of its staff, The Real Deal has learned. The San Francisco-based ...

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  • 04 Mar
  • The Real Deal
  • Uncategorized
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Real estate stocks rally after market correction

REIT stocks, along with the rest of the market, rebounded a day after Super Tuesday (Credit: iStock) Real estate stocks bounced back Wednesday after a rocky stretch triggered by the coronavirus outbreak. The stock market as a whole ...

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  • 04 Mar
  • The Real Deal
  • Uncategorized
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Thank you, Ken Griffin? Alexander Team cleans up at The Ellies

UPDATED, March 4, 5:51 p.m.: Big deals mean big rewards at Douglas Elliman — or at least major bragging rights. A year after Citadel founder Ken Griffin’s record-breaking $238 million purchase at 220 Central Park South, Elliman brokers ...

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  • 04 Mar
  • The Real Deal
  • Uncategorized
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California voters set to reject easing of developer fees

Voters look set to reject California’s Prop 13 Another day, another defeat for incentivising multifamily apartment developments in California. Voters who went to the polls Tuesday look poised to reject Proposition 13, a bond measure ...

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  • 04 Mar
  • The Real Deal
  • Uncategorized
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Mamo pays $67M to take control of Long Beach shopping center

Mamo Real Estate nabs full stake in Marketplace Long Beach (Credit: Google Maps) Mamo Real Estate has acquired partner Pacific Castle’s stake in the Marketplace Long Beach shopping center for $67 million. A source close to the ...

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  • 03 Mar
  • The Real Deal
  • Uncategorized
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