Neiman Marcus at Hudson Yards and Geoffroy van Raemdonck (Getty) Neiman Marcus has emerged from bankruptcy just four and a half months after it entered the Chapter 11 restructuring process. The court-led process erased $4 billion in ...
Larry Korman (Photo by Emily Assiran) Life under quarantine has brought big changes for everyone. For Larry Korman — the head of property development, management and marketing at AKA, the luxury extended-stay brand that he runs with ...
Charles Rettig, Commissioner of the IRS (Getty) Potential changes to the rules for Opportunity Zones could soon allow some foreign investors to reap major tax benefits from the program. The Internal Revenue Service is considering new ...
Colony’s Tom Barrack,, One California Plaza, and Rising CEO Christopher Rising (Credit: TM/Bauer-Griffin/GC Images via Getty Images, Tiffany Rose/Getty Images) Colony Capital may be all-in on cutting-edge digital real estate these ...
The analysis predicts that office vacancies across the world will continue upward (iStock) The office market won’t reach pre-Covid levels until 2025, a brokerage report has found. The analysis by Cushman and Wakefield predicts that ...
MCM President Jorge Munilla and a photo of the bridge collapse (Linkedin, Getty) The contractor behind the Florida International University bridge that collapsed in March 2018, killing six and injuring 10, filed a lawsuit seeking $15 ...
WeWork CEO Sandeep Mathrani (Getty) WeWork has sold a $200 million stake in its China business, a move to reduce its long-term exposure to the office market. The buyer was TrustBridge Partners, an investment firm that previously held a ...
Zillow CEO Rich Barton (JD Lasica via Flickr; iStock) At the risk of alienating agents, Zillow is also banking on them to reach an elusive goal: profitability for iBuying. Starting in 2021, Zillow said it will use salaried agents to ...
Tom Barrack and Mahmood Khimji (Getty) Tom Barrack’s Colony Capital is selling the majority of its beleaguered hotel business to private investor Highgate Hotels in a deal valuing the properties at $2.8 billion. It’s the largest ...
Martin Muoto and 4238 S. Western Ave. (Credit: Google Maps) A developer who has touted Opportunity Zones as a “godsend” filed plans for his latest project to utilize the federal tax break, a 68-unit apartment complex building in South ...