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Month: July 2020

TRD Insights: Home loan forbearance rates fall for fourth week

(iStock) Mortgages in forbearance fell for the fourth consecutive week as many Americans returned to work after being furloughed or laid off. Home loans in forbearance made up 8.18 percent of servicers’ portfolios for the week ending ...

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  • 13 Jul
  • The Real Deal
  • Uncategorized
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Industrious taps banker Osei Van Horne to round out its board

Osei Van Horne and (inset) Jamie Hodari Flex-office startup Industrious is beefing up its board, the company’s latest step toward a potential public offering. The New York-based startup said it added Osei Van Horne, a managing director ...

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  • 13 Jul
  • The Real Deal
  • Uncategorized
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Reclose the economy: Newsom shuts down malls, restaurant dine-in

Gov. Gavin Newsom (Credit: Anda Chu/MediaNews Group/The Mercury News via Getty Images) California Gov. Gavin Newsom is reclosing part of the state’s economy as reported coronavirus cases surge. The governor announced at a news ...

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  • 13 Jul
  • The Real Deal
  • Uncategorized
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Yes in God’s Backyard: How building affordable housing could be a lifeline for churches

(iStock) Churches, whose already declining attendance plummeted during the pandemic, are now looking to development for extra cash. Places of worship are offering up their excess land to developers, Bloomberg reported. The prospect is ...

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  • 13 Jul
  • The Real Deal
  • Uncategorized
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Matthew Perry slashes price on massive Century City penthouse

Matthew Perry and the apartment (Credit: Kevin Winter/Getty Images and Compass) Los Angeles luxury brokers like to say the coronavirus has created pent-up demand in the local market, but not at the prices sellers are asking. That may ...

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  • 13 Jul
  • The Real Deal
  • Uncategorized
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WeWork on track for profitability by end of 2021, says chairman

Marcelo Claure (Getty, iStock) WeWork’s business model may have been called into question by the coronavirus pandemic, but its executive chairman says the company is now near profitability. The flexible-office startup, founded in 2010, ...

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  • 13 Jul
  • The Real Deal
  • Uncategorized
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Brasa Capital targets value-add properties for $100M credit vehicle

Eric Samek Seizing on potential opportunities in a distressed real estate market, Brasa Capital Management has closed a $100 million credit vehicle for value-add acquisitions and developments, mostly in Southern California. The ...

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  • 13 Jul
  • The Real Deal
  • Uncategorized
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Aspen home with oxygen-pumping system hits market for $49M

The custom-built home (Credit: WSJ) Got $49 million to spare, love Aspen, but sick of all that altitude sickness? There’s a solution for you. A custom-built, 15,000-square-foot mansion in the chic Colorado ski town has hit the market ...

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  • 12 Jul
  • The Real Deal
  • Uncategorized
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Foreign firms are vacating Hong Kong offices like never before

Hong Kong Foreign companies are vacating Hong Kong offices at a blistering pace. Multinational companies vacated 61 percent of the 577,000 square feet of office space that was vacated in the second quarter, according to Bloomberg. ...

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  • 12 Jul
  • The Real Deal
  • Uncategorized
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Lisbon might have solved its Airbnb problem

Lisbon, Portugal (Unsplash) The city of Lisbon launched a program this spring to get vacant short-term rental units back onto the long-term rental market, and landlords appear to be taking them up on it. The Portuguese capital is ...

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  • 12 Jul
  • The Real Deal
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