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Month: May 2020

The exodus: A rise in remote working could crater expensive housing markets

Companies across the U.S. are warming up to the idea of remote working. Some employees who live in expensive regions like the San Francisco Bay Area, figure they might as well move someplace cheaper. (Credit: iStock) Why pay an arm and ...

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  • 16 May
  • The Real Deal
  • Uncategorized
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Rents along Hong Kong’s top retail stretches are crumbling

Pedestrians on Russell Street in the popular shopping district of Causeway Bay in Hong Kong in 2019 (Credit: Anthony Wallace/AFP via Getty Images) Nearly a year of steady declines has brought rents on some of Hong Kong’s most desirable ...

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  • 16 May
  • The Real Deal
  • Uncategorized
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Remote homebuying is nothing new in London

(Credit: iStock) The coronavirus pandemic will likely spur a long-term shift toward remote working, but could it also popularize remote homebuying? If so, London agents are well-prepared, according to the Wall Street Journal. Remote ...

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  • 16 May
  • The Real Deal
  • Uncategorized
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Small Talk: Every First Quarter Earnings Call

The Real Deal’s latest humor column sums up every earnings call in the coronavirus age. Hi, everyone, and thank you for joining us on our first-quarter earnings call. Hopefully, you’ve all received our hastily revised presentation by ...

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  • 15 May
  • The Real Deal
  • Uncategorized
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DJ duo Chainsmokers leads funding round for mortgage-lending startup

The Chainsmokers’ Alex Pall and Drew Taggart (Photo by David Rosenblum/Icon Sportswire via Getty Images) Popular DJ duo Chainsmokers is switching tracks with a plan to invest in startups — beginning with $10 million in mortgage lender ...

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  • 15 May
  • The Real Deal
  • Uncategorized
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Eastdil Secured makes staffing cuts

Roy March, Eastdil Secured CEO Eastdil Secured is the latest firm to make staffing cuts as the real estate industry contends with the coronavirus pandemic. The firm notified staff this week that it would reduce its global headcount by ...

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  • 15 May
  • The Real Deal
  • Uncategorized
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Covid and the courts: New lawsuits target busted real estate deals

From left: Anbang’s Andrew Miller, Hidrock CEO Abraham Hidary, Brooklyn Boulders CEO Jeremy Balboni In suing to break its lease, a rock-climbing gym contends its business plans for a New York location were “completely destroyed” by ...

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  • 15 May
  • The Real Deal
  • Uncategorized
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Almost 90% of renters have made payments in May: report

A new study found that almost nine in 10 households have paid at least some rent in May (Credit: iStock) Nearly 9 in 10 apartment households had paid at least some May rent as of Wednesday, according to the National Multifamily Housing ...

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  • 15 May
  • The Real Deal
  • Uncategorized
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Second Take: Real estate execs say the darndest things

Vornado Realty Trust’s Steve Roth channeled his inner Wordsworth. SL Green’s Marc Holliday went into Call of Duty mode. And Zillow’s Rich Barton went to a galaxy far, far away. Welcome to the most unusual earnings call season, courtesy ...

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  • 15 May
  • The Real Deal
  • Uncategorized
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Elon Musk lists another 5 homes for nearly $100M

Elon Musk and the properties (Credit: Kevork Djansezian/Getty Images, and Google Maps) Elon Musk has turbocharged his vision to sell off his many homes, listing four more Bel Air properties and another in the Bay Area for around $100 ...

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  • 15 May
  • The Real Deal
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