As the virus took hold, banks were staying clear of jumbo loans. But we’re seeing some positive activity now. (Pixabay) Jumbo loans, a favorite tool of lenders to finance high-end homes for wealthy buyers, sunk like a stone as ...
Vector Group CEO Howard Lorber and Douglas Elliman West Coast exec Stephen Kotler Douglas Elliman has shuttered its Montecito office, where 18 agents operated from in one of Southern California’s priciest ZIP codes outside Los Angeles ...
Scott Gale and a rendering of the project Ventus Group’s $455 million mixed-use project Exposition Point cleared Los Angeles’ planning process last week, paving the way to finally break ground. Exposition Point, formerly called The ...
From top: Los Angeles, Minneapolis, Chicago and New York The coronavirus pandemic has thrown tens of billions of dollars in commercial-mortgage backed securities debt into special servicing, and even more loans have fallen behind on ...
Remote-first work could lead to greater employee wellbeing, lower housing costs and a fairer company, according to the CEO of Quora When it comes to the future of remote work, everyone and their landlord has weighed in. Owners of ...
An illustration of Jon Gray and Victor Coleman Blackstone Group and Hudson Pacific Properties are deep in talks to form a partnership to develop production studios in Los Angeles. Valued at $1.4 billion, the deal would build out HPP’s ...
Construction sites began to reopen earlier this month. But construction companies are still trying to find ways to adapt to a troubled market in the short- and long-term (iStock, Pixabay) When engineering giant AECOM started developing ...
Former WeWork CEO Adam Neumann (Getty) In the early days of WeWork, Adam Neumann gave Eliot Spitzer a tour of one of the co-working company’s Manhattan locations as he pitched the former New York governor on a potential investment. “I ...
Rossano De Cotiis, Tom Grane of Mob Scene, and Wilshire Courtyard (Credit: LinkedIn and Michael Maltzan Architecture) Onni Group not only defaulted on a $408 million loan for its purchase of Wilshire Courtyard, it faces a lawsuit from ...
Paraag Sarva, Steve Lamberti and Joseph Strasburg (Linkedin, Getty) Security-deposit alternative startup Rhino has enlisted a team of mayors and multifamily real estate players to make the case for products like its own to be part of ...