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Month: April 2020

Waldorf Astoria makes a big gamble in New York

Photo illustration of the statue at the entrance of the Waldorf Astoria At a launch event for the refurbished Waldorf Astoria in early March, Douglas Elliman sales director Dan Tubb stood in front of a wall of screens flickering with ...

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  • 09 Apr
  • The Real Deal
  • Uncategorized
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Missed loan payments to approach Great Recession levels: Fitch

Missed loan payments will approach Great Recession highs, a new report finds (Credit: iStock, Getty Images) Missed loan payments are expected to approach Great Recession levels in the third quarter of 2020, part of the continuing ...

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  • 09 Apr
  • The Real Deal
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Applications for home loans at lowest level since 2015

The number of loan applications for home purchases fell sharply last week (Credit: iStock) Home buyers are retreating from the market as effects of the pandemic reverberate across the residential sector. Loan applications for home ...

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  • 09 Apr
  • The Real Deal
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COVID-19 exposes the utter dysfunction plaguing affordable housing development in California

The coronavirus pandemic could worsen California’s affordable housing crisis The coronavirus pandemic will likely heighten the need for affordable housing and worsen the already extreme shortage of it in California. The impacts of the ...

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  • 09 Apr
  • The Real Deal
  • Uncategorized
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Patrick Soon-Shiong wants to buy St. Vincent hospital himself for coronavirus treatment center

Dr. Patrick Soon-Shiong, California AG Xavier Becerra and St. Vincent’s (Credit: Google Maps) UPDATED, April 9, 10:27 a.m.: Billionaire businessman Patrick Soon-Shiong now wants to personally buy the financially-troubled St. Vincent ...

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  • 09 Apr
  • The Real Deal
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These US real estate titans made Forbes’ billionaires list

From left: Donald Trump, Jane Goldman of Solil Management, Jorge Perez of Related Group, Stephen Ross of Related Companies, Jeff Greene, Brian Chesky of Airbnb, Sam Zell of Equity Group Investments, Jeff Sutton of Wharton Properties ...

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  • 09 Apr
  • The Real Deal
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Compass agent claims ex-assistant stole trade secrets to fuel rise in LA luxury real estate

Cindy Ambuehl (Credit: Tommaso Boddi/Getty Images, and Hilton & Hyland) Compass agent Cindy Ambuehl has filed suit against her ex-assistant, alleging that Christina Collins spent years pilfering her client information in order to ...

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  • 08 Apr
  • The Real Deal
  • Uncategorized
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Virtual brokerage eXp slashes 15% of staff

eXp Realty CEO Jason Gesing eXp Realty’s remote-work model may have spared it some of the transition pains suffered by traditional brokerages in the age of social distancing, but the virtual brokerage is hardly immune to the effects of ...

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  • 08 Apr
  • The Real Deal
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Mortgage forbearance surged on April 1: report

Homeowners are halting mortgage payments as forbearance rates surge. (Credit: iStock) As tenants struggle to pay rent, homeowners are struggling to make mortgage payments. The rates of mortgages in forbearance surged April 1 to 2.66 ...

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  • 08 Apr
  • The Real Deal
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Early April sees 15% drop in rent-paying nationwide: report

The drop occurred after a record 6.6 million Americans filed for unemployment benefits last week. (Credit: photo by Victor J. Blue/Getty Images; iStock) Only 69 percent of tenants paid rent in the first five days of April — a 12-point ...

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  • 08 Apr
  • The Real Deal
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