Justin Kim served on city plan commission. A Los Angeles real estate appraiser who reached a plea agreement on federal bribery charges last week spent years deeply involved in local politics and policy decisions, including a stint on ...
Federal Reserve Board Chairman Jerome Powell (Photo by Win McNamee/Getty Images) The central bank’s multi-trillion-dollar intervention to help companies facing a credit crunch leaves struggling malls, hotels and other properties out in ...
WeWork’s Marcelo Claure and Sandeep Mathrani (Credit: Getty Images) WeWork says it won’t be hitting its targets this year because of the coronavirus. In a letter to bondholders, CEO Sandeep Mathrani and Executive Chairman Marcelo ...
(Credit: iStock) The mid-week market optimism slid away Friday, as real estate stocks — including real estate investment trusts, brokerage firms and homebuilders — fell along with the broader market. Markets did end the week higher but ...
After seven months of due diligence, developer Michael Shvo bet on New York real estate emerging from the coronavirus pandemic last week — by making an offer to buy a building on Fifth Avenue. “What we’re facing now — we don’t know the ...
California Gov. Gavin Newsom (Credit: Justin Sullivan/Getty Images) California Gov. Gavin Newsom announced a partial statewide suspension of residential evictions Friday after previously leaving the coronavirus crisis response measure ...
Knotel CEO Amol Sarva Flex office company Knotel slashed its 400-person workforce by half, as the coronavirus pandemic has drained the unicorn startup’s membership base. Knotel laid off or furloughed 195 employees worldwide today, ...
U.S. Senate Majority Leader Mitch McConnell (Credit: Win McNamee/Getty Images, iStock) Tucked inside the federal government’s massive economic rescue package is a $170 billion windfall for real estate investors. Washington’s $2 ...
Clockwise from top left: California Gov. Gavin Newsom, Illinois Gov. J. B. Pritzker, New York Gov. Andrew Cuomo and Florida Gov. Ron DeSantis (Credit, in order: Justin Sullivan/Getty Images, Joshua Lott/Getty Images, Bennett ...
Rick Caruso (Credit: Tiffany Rose/Getty Images for Caruso Affiliated) If you thought the outlook on shopping malls couldn’t get much worse, you were wrong. Stores already hurting before the coronavirus pandemic hit may not survive the ...