Bruce Flatt, Arjun Menda and Chennai (Brookfield, RMZ Corp, iStock) Brookfield Asset Management is set to close the biggest real estate deal in India’s history. The firm will pay RMZ Corp. $2 billion for a 12.5 million-square-foot ...
Joe Biden (Credit: Leigh Vogel/Getty Images) The owner of a Colorado mobile home park allegedly told tenants their rent would likely double if Joe Biden is elected president. Residents of Fort Morgan shared the letter with local NBC ...
An aerial view of a pop-up drive-in theater built in the parking lot at the Broadway Commons in Hicksville, New York (Getty) While many traditional streams of income for landlords have slowed or dried up due to the pandemic, one has ...
French buyers are flocking to London for home purchases. In the first nine months of the year, 11 percent of overseas buyers in prime London neighborhoods were from France, Bloomberg News reported. Last year, French nationals made up ...
Opendoor CEO Kevin Wu, Daniel Morillo and Ken Griffin (Getty; Opendoor; LinkedIn) As it prepares to go public, Opendoor is bringing on a new hire from Citadel, Ken Griffin’s $32 billion hedge fund. Daniel Morillo will join the company ...
WeWork CEO Sandeep Mathrani (Wikipedia Commons; iStock) WeWork’s credit rating, already rated as junk, has been downgraded on concerns that the pandemic could seriously weaken demand for office space. Ratings agency Fitch dropped ...
The coronavirus pandemic pushed back the home shopping season into the fall, according to a Zillow report. (iStock) Fall is usually a cool-down period for the U.S. housing market. Not this year. Homes sold nearly twice as fast in ...
Bank OZK CEO George Gleason (Unsplash; Bank OZK) New York’s commercial real estate market has been pummeled by the pandemic, but one of its biggest condo construction lenders reported almost no write-downs in the third quarter. On its ...
The number of mortgage borrowers in Covid-19 forbearance plans ticked down again this week. (iStock) Nearly 3 million U.S. homeowners were in forbearance programs as of this week, a massive amount but still a sharp drop from 4.76 ...
(Getty, iStock) UPDATED, Oct. 23, 2020, 5:15 p.m.: Many commercial mortgage-backed securities borrowers that are strapped for cash are trying to turn the keys over to their mezzanine lenders. That’s according to a recent report from ...