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Month: July 2020

Doctor’s orders: developers increasingly tap medical experts, amenities

Dr. Walter Okoroanyanwu, Angelo Bianco and Jim Carr Amid the coronavirus pandemic, wellness services at developments have expanded to include an array of medical amenities, and gone far beyond luxury residential projects. Crocker ...

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  • 22 Jul
  • The Real Deal
  • Uncategorized
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40% of bank execs plan to reduce real estate footprint: survey

A survey by professional services firm Accenture found that about 61% of bank executives don’t expect to call all employees back to the office, and more than 40% of those surveyed are also planning to reduce their real estate ...

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  • 22 Jul
  • The Real Deal
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There’s a scramble to refinance and buy new homes 

Mortgage Bankers Association’s index tracking volume of mortgage applications to buy homes rose 2 percent in most recent survey. (iStock) As the summer heats up, so too is the demand for home loans.  An index tracking the volume of ...

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  • 22 Jul
  • The Real Deal
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MeetElise, an AI-powered leasing startup, raises $6.75M

MeetElise CEO Minna Song (Linkedin) It’s rare that apartment seekers limit their searches to business hours. But a New York startup, backed by two of the country’s biggest landlords, has built an AI-powered leasing assistant available ...

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  • 21 Jul
  • The Real Deal
  • Uncategorized
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Home insurance startup Hippo raises $150M ahead of IPO

Hippo CEO Assaf Wand (Getty) Home insurance startup Hippo is hoping to ride the coattails of rival Lemonade with an initial public offering next year. The Palo Alto, California-based startup said Tuesday it raised $150 million, valuing ...

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  • 21 Jul
  • The Real Deal
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Gap claims it doesn’t have to pay rent at any of Brookfield’s malls

Gap Inc. CEO Sonia Syngal and Brookfield Property Partners CEO Brian Kingston Gap Inc. is firing back at landlord Brookfield Property Partners, a month after the latter sued the retailer for withholding rent. Five of Gap’s chains — ...

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  • 21 Jul
  • The Real Deal
  • Uncategorized
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Biden’s tax plan would “pull the rug out” from under the real estate industry: insiders

Joe Biden (Getty, iStock) Joe Biden went after one of the real estate industry’s favorite tax benefits Tuesday when he proposed funding a child- and elderly-care spending platform by closing off a loophole used by property investors. ...

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  • 21 Jul
  • The Real Deal
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TRD Insights: Home loan forbearance hits lowest level in months

(iStock) Mortgages in forbearance dropped to the lowest level in two months. Home loans in forbearance made up 7.8 percent of servicers’ portfolios for the week ending July 12, according to figures released Monday by the Mortgage ...

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  • 21 Jul
  • The Real Deal
  • Uncategorized
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The REInterview: Social Construct’s founders on making multifamily construction an assembly line

Social Construct CEO Ben Huh, TRD’s Hiten Samtani and Social Construct co-founder Michael Yarne “Nothing can be said to be certain except death and taxes,” goes the old chestnut. If you’re a real estate developer, you could add one ...

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  • 21 Jul
  • The Real Deal
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“Don Peebles’ diversity capital call: Developer says push for equal economic opportunity is “not going away” “

Don Peebles Developer Don Peebles founded his eponymous firm in 1983. Since then, the Peebles Corporation has built out a portfolio that totals $6 billion and spans more than 7 million square feet in Boston, Los Angeles, Miami, New ...

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  • 21 Jul
  • The Real Deal
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