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Month: August 2020

Rent overcharge case targets “The Jeffersons” tower

185 East 85th Street (Google Maps) The Upper East Side tower that famously housed a TV family’s “de-luxe apartment in the sky” now faces sky-high damages from a class-action lawsuit. Tenants allege that the owners of the Park Lane, the ...

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  • 04 Aug
  • The Real Deal
  • Uncategorized
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Brookfield’s nixed mall redevelopment may signal strategy shift

Brookfield Property Partners CEO Brian Kingston and Burlington Mayor Miro Weinberger (Brookfield; Weinberger by Vermont National Guard) A tough economic environment has led Brookfield Property Partners to cancel plans to redevelop a ...

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  • 04 Aug
  • The Real Deal
  • Uncategorized
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Inside Hudson Pacific and Blackstone’s field of streams

Photo illustration of Hudson Pacific Properties CEO Victor Coleman and Blackstone Group President Jonathan Gray (Coleman by Rich Polk/Getty; Gray by Drew Angerer/Getty; Top Gun by Paramount Pictures/Sunset Boulevard/Corbis/Getty) As ...

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  • 04 Aug
  • The Real Deal
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Mom-and-pop resi landlords are already struggling

Thomas Bannon, California Apartment Association CEO Residential landlords fear that rent collection rates will freefall in August following the expiry of the $600 in supplemental federal unemployment benefits. But a recent ...

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  • 03 Aug
  • The Real Deal
  • Uncategorized
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WeWork offers pay-as-you-go workspaces

Sandeep Mathrani (WeWork, iStock) With the office market in limbo, WeWork has launched a pay-as-you-go offering that allows users to drop in for as little as an hour (and $10). A source familiar with WeWork’s new “On Demand” program ...

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  • 03 Aug
  • The Real Deal
  • Uncategorized
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Trump says he is “going to stop” evictions

President Donald Trump (Photo by Doug Mills-Pool/Getty Images; iStock) President Donald Trump said Monday that he was “going to stop” evictions by issuing a moratorium as negotiations in Congress bog down over a larger federal ...

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  • 03 Aug
  • The Real Deal
  • Uncategorized
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Jennifer Lawrence sells NYC penthouse at 37% loss

Marwan Kheireddine (inset), Jennifer Lawrence and 400 East 67th Street (Getty, Compass, BDL Accelerate) Oscar winner Jennifer Lawrence sold her 4,070-square-foot Upper East Side penthouse at a hefty loss. The actress sold the ...

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  • 03 Aug
  • The Real Deal
  • Uncategorized
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Dunkin’ to shutter 800 US locations

The closures will primarily affect low-volume sales locations (Photo by Alexi Rosenfeld/Getty Images) America will soon have to run on 800 fewer Dunkin’ Donuts. The retailer, one of the largest coffee and doughnut chains in the world, ...

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  • 03 Aug
  • The Real Deal
  • Uncategorized
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Apartment sale to banker for Trump and Kushner probed

From left: Jared Kushner, 715 Park Avenue, Deutsche Bank CEO Christian Sewing, and Rosemary Vrablic (Credits: Kushner by BRENDAN SMIALOWSKI/AFP via Getty Images; 715 Park via Google Maps; Sewing by by Thomas Lohnes/Getty Images; ...

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  • 03 Aug
  • The Real Deal
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Cypress Equity plans 128-unit affordable complex in Pico-Union

Cypress CEO Michael Sorochinsky and 1216-1224 Menlo Avenue (Google Maps) A company tied to Cypress Equity Investments plans to develop a 128-unit affordable development in Pico-Union. Cypress CEO Michael Sorochinsky controls the LLC ...

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  • 03 Aug
  • The Real Deal
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