Month: August 2020

Renters and housing advocates attend a protest to cancel rent and avoid evictions in front of the court house in Los Angeles (Credit: VALERIE MACON/AFP via Getty Images) State lawmakers are expected to present a bill on Friday that would extend a statewide eviction moratorium, but would still require tenants to pay a portion of…

FHFA director Mark Calabria (Getty; iStock) Fannie Mae and Freddie Mac are extending their moratorium on foreclosures and evictions until Dec. 31, providing relief to millions of homeowners and mortgage holders. The moratorium was set to expire at the end of August. The foreclosure moratorium only applies to properties with single-family mortgages backed by Fannie…

Citadel CEO Ken Griffin has been acquiring ultra-luxury residential properties around the world for a decade (Getty, iStock) Billionaire Ken Griffin has been on a decade-long, ultra-luxury real estate buying spree, one that not even a tumultuous economy amid a worldwide pandemic can slow. The hedge funder’s latest purchase in Miami Beach’s exclusive Star Island…

Neil Shekhter with NMS 1548 Sixth and NMS Northridge As parts of the CMBS market have been rocked by the coronavirus pandemic, special servicing transfers on multifamily properties have remained few and far between. One Los Angeles apartment portfolio has recently joined the ranks of the specially serviced — but the reason for the transfer…

(iStock) With millions of U.S. stores remaining shuttered, property owners have handed out billions of dollars of rent relief. In recent earnings calls, some landlords gave hints as to who got tentative relief and how these negotiations went down. Simon Property Group’s David Simon alluded to the mall owner abating rent for thousands of local…

Crystal Mall in Waterford, Connecticut and Simon Property Group’s David Simon (Simon, Getty) Second-tier malls are at increasing risk of collapse as retail bankruptcies and store closures add up across the country. The category of malls — known in the industry as Class B — are in a vulnerable middle ground: more secure than their…

Millennials account for more than half of new home loan applications (iStock) Millennials home buyers are shaping up to be a key force in the housing market’s rebound. The group accounts for more than half of all new home loan applications, as it has since last year, according to the Wall Street Journal. A cohort…

Workplace closed for the foreseeable future? Here are 5 essential #wfh items to bring the corner-office feel to your home. (Images via Amazon) Note: These items are independently selected by our team. However, TRD may receive a commission when you purchase products through affiliate links. Many of us are rethinking all of the mornings we…

California Market Center (Credit: Brookfield) Brookfield Property Partners has dropped the hammer on a handful of small retailers who haven’t been paying rent at an iconic Downtown Los Angeles property. The real estate arm of Brookfield Asset Management filed seven lawsuits this week against tenants at California Market Center for skipping rent since the early…

It promises to be a fall like no other.  The presidential election will collide with the pandemic and an already volatile economy has upended investment strategies, homebuying and the office market.  For The Real Deal’s September national issue, we’ll continue our in-depth coverage of all aspects of the real estate market, what’s happening now and…