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Month: June 2020

Real estate stocks rally on strong May jobs report

(iStock) Stock markets rallied on Friday following much stronger job gains in May than were expected, with many real estate companies beating the day’s market gains. Economists surveyed by the Wall Street Journal had predicted a loss ...

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  • 05 Jun
  • The Real Deal
  • Uncategorized
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As Black Lives Matter protests rage on, NY real estate bleeds blue

With protests sweeping the country, the real estate industry reflects on its decades-long support of the NYPD (Photo illustration by Alexis Manrodt for The Real Deal, Getty, iStock) Each year, titans of real estate get out their ...

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  • 05 Jun
  • The Real Deal
  • Uncategorized
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Keep up with our coverage in The Real Deal‘s next complimentary national issue

The Real Deal’s last issue brought all of our markets together as the real estate industry grappled with the impact of a global pandemic. We talked with Starwood chief Barry Sternlicht, broke down Blackstone’s latest business plans, ...

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  • 05 Jun
  • The Real Deal
  • Uncategorized
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Judge says Realogy’s suit against Compass can stand

Compass CEO Robert Reffkin and Realogy CEO Ryan Schneider (Getty and iStock) A New York judge has denied Compass’ motion to dismiss an explosive lawsuit accusing the brokerage of “predatory” poaching and other wrongdoing. Realogy, the ...

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  • 05 Jun
  • The Real Deal
  • Uncategorized
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Opportunity Zones investors get a Covid-19 lifeline

Opportunity Zone investors received an extension from federal government because of Covid-19 The federal government has extended the deadline for Opportunity Zone investors and developers to deploy capital and begin construction on ...

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  • 05 Jun
  • The Real Deal
  • Uncategorized
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Seritage terminates leases on most of its Sears, Kmart locations

Seritage CEO Benjamin Schall (Scott Olson/Getty Images) The real estate company that Sears spun off five years ago to shore up cash is cutting ties with most of the struggling retailer’s remaining stores. Seritage Growth Properties is ...

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  • 05 Jun
  • The Real Deal
  • Uncategorized
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Community nonbank lenders are saving minority-owned businesses

Burned-out businesses along Snelling Ave. in Minneapolis (Credit: John Autey / MediaNews Group / St. Paul Pioneer Press via Getty Images) Many community-based nonbank lenders are stepping to help minority-owned businesses damaged in ...

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  • 04 Jun
  • The Real Deal
  • Uncategorized
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California’s great housing debate is back

Assembly members Richard Bloom and Phil Ting Coronavirus suspended the movement to address Los Angeles and California’s massive housing shortage. Now, it’s back. A state bill to allow residential development on commercially-zoned land ...

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  • 04 Jun
  • The Real Deal
  • Uncategorized
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Simon Property Group sues Gap for $66M in unpaid rent

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) The gloves are off between the biggest mall operator in the country and one ...

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  • 04 Jun
  • The Real Deal
  • Uncategorized
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“We must do better”: Real estate leaders move to address discrimination in industry

From left: Moishe Mana, Marcelo Claure, Robert Reffkin, and Audrey Gelman (Credit: Jemal Countess, Aaron Davidson, Jean Baptiste Lacroix, Joshua Lott and Sean Rayford, via Getty Images) Nationwide protests over the killing of George ...

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  • 04 Jun
  • The Real Deal
  • Uncategorized
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