Here at The Real Deal, we’re delivering news and analysis every day — and lately it feels like a lot of doom-and-gloom. But one small silver lining in the middle of a pandemic is that all the Zoom calls have given us an inside look at ...
Compass CEO Robert Reffkin (Credit: Brad Barket/Getty Images) A month after laying off 15 percent of its staff, Compass announced widespread pay cuts on Wednesday, even as it continues to recruit agents. The SoftBank-backed brokerage, ...
(Credit: iStock) As commercial landlords receive requests for rent relief, discerning whether the call for help is driven by hardship or strategy has been weighing on many. A new report titled “Who’s paying rent and who’s not” provides ...
FHFA Director Mark Calabria (Photo by Zach Gibson/Getty Images) Nonbank mortgage lenders, which have been facing mounting cash flow pressure as homeowners seek forbearance due to economic disruption, could soon get some relief from ...
(Credit: iStock) The economic upheaval brought on by the coronavirus pandemic has banks tightening their lending standards for even their wealthiest borrowers. Borrowers are having trouble securing new “jumbo mortgages” and refinancing ...
Jeffrey Soffer and Fontainebleau Miami Beach UPDATED, April 21, 11:22 p.m.: The $975 million commercial mortgage-backed securities loan for Jeffrey Soffer’s Fontainebleau Miami Beach has entered special servicing, presenting new ...
Cushman & Wakefield CEO Brett White The growing list of real estate executives taking pay cuts amid the pandemic now includes Cushman & Wakefield CEO Brett White. White is forgoing 25 percent of his base salary for the rest ...
Kevin Garnett and his Malibu property (Credit: Streeter Lecka/Getty Images, and Hilton & Hyland) Kevin Garnett will be inducted into the Basketball Hall of Fame this summer. But the saga surrounding his Malibu mansion recalls the ...
House Speaker Nancy Pelosi and Senate Minority Leader Charles Schumer (Photo by MANDEL NGAN/AFP via Getty Images) The $349 billion Paycheck Protection Program, which ran out of money after just 13 days, is getting a much-needed refill. ...
Bankrupt retailers are asking courts for more concessions (Credit: iStock) One of New York City’s iconic local retailers filed for Chapter 11 in mid-March, but it wasn’t until a couple of weeks ago that the company, Modell’s Sporting ...