Government sells fugitive Jho Low’s Bird Streets home (Credit: Taylor Hill/Getty Images) A once lavish Bird Streets mansion once owned by Jho Low, and that was seized by the federal government, has sold for less than half what the ...
Steve Ballmers buys Forum for $400 m. Money can’t buy happiness, but it can change the trajectory of an NBA franchise. Six years after he bought the Los Angeles Clippers for a record $2 billion, Steve Ballmer has purchased the Forum in ...
EB-5 could be brought back to life (Credit: iStock) After the last recession, developers turned to the federal EB-5 program for cheap financing to fund new development projects in the country’s hottest residential and commercial ...
Sonder CEO Francis Davidson (Credit: Linkedin, iStock) With travel at a standstill, venture-backed hospitality company Sonder has cut one-third of its staff. The San Francisco-based company has laid off or furloughed 400 people, The ...
Congresswoman Norma J. Torres and the Sheraton Fairplex (Credit: Marriott and Twitter) A California Congressional Representative for a large swath of eastern Los Angeles County is pumping the brakes on a county plan to house ...
(Credit: iStock) A day after stocks fell when Congress failed to pass a $2 trillion stimulus package, financial markets rallied on Tuesday — and with them real estate stocks — as lawmakers edged closer to a massive deal to boost the ...
Charles and Jared Kushner and 229 West 43rd Street (Credit: Getty Images and Google Maps) For the fourth time in five months, Kushner Companies has fallen behind on payments for the $285 million senior loan at its 250,000-square-foot ...
From top left, clockwise: Mauricio Umansky, Jason Oppenheim, Hiten Samtani, and Peter Hernandez Even in the best of times, running a residential brokerage is a survival-of-the-fittest business. Razor-thin margins, demanding agents and ...
From left: Attorney Robert Abrams, Robert Durst and Durst spokesperson Jordan Barowitz (Credit: Abrams via Abrams Fensterman; Durst by Robyn Beck-Pool/Getty Images; Barowits via Durst Organization) A year ago, a Durst Organization ...
UNITE HERE’s D. Taylor (Credit: UNITE HERE and iStock) As hundreds of thousands of hotel workers lose their jobs, the industry’s largest union is calling on the major hospitality companies to forego returning capital to shareholders ...