With all the talk of whether the coronavirus now makes New York less attractive compared to other cities, billionaire landlord Charles Cohen said operating in the Big Apple has always been a challenge. “It’s easier to do business ...
Amol Sarva and 643 Olive Street (Credit: Google Maps) A lawsuit filed in Los Angeles may provide a glimpse into Knotel’s teetering business. The landlord of a downtown building at 643 S. Olive Street filed a complaint May 8 in Los ...
Ex-Clipper Chris Paul (Credit: Slaven Vlasic/Getty Images) NBA all-star Chris Paul hasn’t played for the Clippers since 2017, but he apparently still has some love for Los Angeles. Paul paid $11.1 million in an off-market deal for a ...
(Credit: iStock) An index tracking mortgage applications to buy single-family homes continued its upward trajectory with a seasonally adjusted 11 percent gain last week compared to the prior week. It’s the fourth week in row that the ...
David Simon with the Roosevelt Field Mall in New York, and the Univeristy Park Mall in Indiana (Credit: Mireya Acierto/Getty Images, and SIMON PROPERTY GROUP) Simon Property Group’s plan to reopen several dozen malls across the U.S. ...
Macerich’s Thomas O’Hern We know it is a bad time to own malls, but retail landlord Macerich’s Tuesday earnings call highlighted how dire matters are. Tom O’Hern, CEO of the Santa Monica retail real estate investment trust, reported ...
As WeWork makes headlines for rental woes, disputes with members and co-founder Adam Neumann’s SoftBank feud, Sandeep Mathrani sought to assuage concerns in his first TV appearance since becoming CEO. The office-space giant paid rent ...
Madrona managing director Paul Goodrich, Surefield founder David Eraker, and Redfin CEO Glenn Kelman (Credit: Madrona, Surefield, Redfin) A co-founder who left Redfin in 2006 is suing his former company for copying virtual home tour ...
Daniel Kretinsky and Macy’s superstore in Manhattan (Credit: Kretinsky via JOEL SAGET/AFP via Getty Images; Macy’s via Roy Rochlin/Getty Images) Czech billionaire Daniel Kretinsky has acquired a 5-percent stake in Macy’s, with plans to ...
Greta Guggenheim, CEO and President of TPG (Credit: Sean Zanni/Patrick McMullan via Getty Images) Nonbank mortgage lender TPG Real Estate Finance Trust has sold off nearly $1 billion worth of commercial real estate debt to fight off ...