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Month: August 2020

AMC theaters to reopen next week, but not in New York

(Getty, iStock) AMC theaters will reopen more than 100 of its movie theaters on Aug. 20, with another 300 the following two weeks, according to Newsday. None of those theaters will be in New York, however. The state, where less than 1 ...

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  • 14 Aug
  • The Real Deal
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SoftBank shovels another $1.1B into WeWork

Photo illustration of Masayoshi Son (Getty, iStock) SoftBank is pouring $1.1 billion more into WeWork as the flexible-office giant sees membership fall. In a memo to employees, chief financial officer Kimberly Ross called the infusion ...

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  • 14 Aug
  • The Real Deal
  • Uncategorized
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Here’s what tenants pay at 2.4M sf Century Plaza Towers

Century Plaza Towers (Credit: Minnaert via Wikipedia) A month before the coronavirus sent office workers home for an extended experiment in remote work, the owners of Century City’s massive Century Plaza Towers pulled off the rare feat ...

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  • 14 Aug
  • The Real Deal
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What do we want? Mortgage relief!: Landlords plan LA protest

Landlords are organizing a protest around the lack of mortgage relief government policies and the inability to hit tenants with eviction notices. Downtown Los Angeles is no stranger to protests, but an unexpected group will be hitting ...

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  • 13 Aug
  • The Real Deal
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Bloomingdale’s sued for $2.5M in missed rent

Bloomingdales at 2085 Broadway (Google Maps, iStock) Bloomingdale’s is getting into some heat with its landlord. The famed retailer began skipping rent payments in April and now owes nearly $2.5 million on its outlet at 2085 Broadway, ...

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  • 13 Aug
  • The Real Deal
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Core Spaces doubles down on USC student housing

Core Spaces CEO Mark Lifshin If student housing has suddenly become a risky investment, Core Spaces didn’t get the memo. The developer filed plans for its second housing development near the University of Southern California campus. ...

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  • 13 Aug
  • The Real Deal
  • Uncategorized
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The homes of Kamala Harris

Photo illustration of Kamala Harris (Getty) Sen. Kamala Harris, Joe Biden’s nominee for vice president, may have a convenient commute should her running mate win the 2020 presidential election. Harris owns an apartment in Washington ...

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  • 13 Aug
  • The Real Deal
  • Uncategorized
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Simon, Brookfield in talks to buy bankrupt J.C. Penney

Brookfield’s Ric Clark and Simon Property Group’s David Simon (Getty) Simon Property Group and Brookfield Property Partners are reportedly in advanced talks about buying J.C. Penney’s retail business. J.C. Penney filed for bankruptcy ...

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  • 13 Aug
  • The Real Deal
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Former JLL employee sues alleging toxic “boys club”

A former associate in JLL’s New York City office alleges she was fired after speaking up about what she called a toxic “boys club.” Tiffany Catalini — who said she was the only woman in out of more than 15 production associates — filed ...

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  • 13 Aug
  • The Real Deal
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Neiman Marcus committed to 50 years at Hudson Yards. It lasted 16 months.

Neiman Marcus at Hudson Yards (Getty) UPDATED, Aug. 13, 2020, 9:18 am: When Neiman Marcus signed a lease to take over a massive space in Hudson Yards’ mall, the luxury department store committed to an ambitious 50 years there. Sixteen ...

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  • 13 Aug
  • The Real Deal
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