With property tax deadlines quickly approaching — or having already passed — many state and local governments are in a bind. Taxes from real estate bring in huge chunks of revenue to cover essential services for municipalities, which ...
States Title CEO Max Simkoff (iStock, States Title) A San Francisco startup that’s digitizing mortgage, title and escrow said it raised $123 million — sinking another nail into the coffin of time-consuming and cumbersome real estate ...
Mall of America in Minnesota (Farragutful via Wikipedia) The country’s largest shopping mall has reportedly fallen behind on its $1.4 billion mortgage, posing a threat to the wider bond market. The Mall of America in Minnesota, which ...
Photo illustration of Guy Gal, Ben Bacal, David Higgins, Kofi Nartey, and Anthony Marguleas (Credit: iStock, Getty Images) Guy Gal believes real estate has a quality control problem. In his view, most agents are simply “hucksters and ...
With home sellers also staying on the sidelines amid the public-health crisis, the market is now giving rise to bidding wars. (iStock) You’d expect demand for new homes to shrink dramatically during a pandemic. But with sellers also ...
(Illustration by Alexis Manrodt) The lobby inside the Milstein family’s office building next to Grand Central Terminal looks like something from a tech influencer’s Instagram account. Intimately arranged lounge seating and ...
Stay Alfred CEO Jordan Allen Stay Alfred, a hospitality startup that raised $62 million, is closing its doors for good. Ending weeks of speculation and rumor, CEO Jordan Allen said revenue dried up during the coronavirus pandemic, and ...
American Campus Communities CEO Bill Bayless The shift among some colleges to online classes has been met with skepticism in academia but it could also spell trouble for student housing investors. Housing geared to students has ...
Hudson’s Bay CEO Richard Baker (Credit: Getty; iStock) The special servicer for an $850 million CMBS deal has accused Hudson’s Bay Company of engaging in a “clandestine corporate shell game” as it took the department store operator ...
Sara Patterson and Compass CEO Robert Reffkin (Credit: Getty Images) Sara Patterson, the top human-resources executive at Compass, is out after just three months at the residential brokerage. In an email to staff Wednesday seen by The ...