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Month: November 2020

Mall-pocalypse now: Minnesota mall loan sells for huge discount

The Burnsville Center Mall in Minnesota and CBL Properties founder Charles B Lebovitz (Photos via Facebook; CBL Properties) If you want to gauge investor demand for suburban mall properties, head to Burnsville, Minnesota. Last week, a ...

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  • 05 Nov
  • The Real Deal
  • Uncategorized
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Fire and rain and real estate: Investors take closer look at climate risk

More investors are factoring climate risks into their decision-making A $1.5 billion loan on a newly opened office building on Manhattan’s Far West Side faces high levels of risk from “heat and water stress.” A $900 million mortgage on ...

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  • 05 Nov
  • The Real Deal
  • Uncategorized
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WATCH: “It’s going to take longer, and it’s going to cost more”: Craig Solomon on the real estate capital stack

Craig Solomon is one of the most active lenders and investors in a market that’s rife with uncertainty. His firm, Square Mile Capital, has made some recent big bets on last-mile real estate and is quickly becoming one of the country’s ...

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  • 05 Nov
  • The Real Deal
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Newmark reports Q3 earnings down 25%

Newmark CEO Barry Gosin (Getty, iStock) Newmark reported earnings of $152.1 million in the third quarter, down 25 percent from the same time last year. The brokerage said it experienced a drop in sales and leasing commissions due to ...

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  • 05 Nov
  • The Real Deal
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Stemming losses, Hilton sets sights on office workers instead of tourists

Hilton CEO Chris Nassetta (Getty; iStock) Hilton Worldwide Holdings is still bleeding cash, but its CEO is confident the troubles are just temporary. “We’ll see what happens with all of these crazy elections here in the U.S.,” Chris ...

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  • 04 Nov
  • The Real Deal
  • Uncategorized
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Real estate on edge with election too close to call

Clockwise from left: Red Apple Group CEO John Catsimatidis, Cervera Real Estate’s Alicia Cervera Lamadrid, Florida developer Jeff Greene, Joy Construction’s Eli Weiss, MaryAnne Gilmartin and George Fontas (Getty; iStock) From an ...

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  • 04 Nov
  • The Real Deal
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Khloe Kardashian offloads Calabasas manse for record price

Khloé Kardashian (Credit: Rodin Eckenroth via Getty Images) Khloe Kardashian has parted ways with her Calabasas home in a record-setting deal for the area. After picking up a mansion in Hidden Hills, Kardashian sold the mansion for ...

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  • 04 Nov
  • The Real Deal
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California voters reject Prop 21 rent control expansion

California voters rejected Proposition 21, which would have greatly expanded rent control statewide. California voters on Tuesday rejected a hotly-contested ballot measure that would have greatly expanded rent control. Final tallies ...

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  • 04 Nov
  • The Real Deal
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Suburban office demand spikes as working from home continues

Deals in southern Connecticut offices has surged more than 40 percent (iStock) Interest in small suburban offices is picking up as more people continue to work from home, and relocate outside of major urban centers. For IWG, the ...

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  • 04 Nov
  • The Real Deal
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Homebuyers retreat while mortgage refinancings jump

Mortgage Bankers Association’s weekly index shows an increase in loan applications, driven by refinancing once again (iStock) Homeowners looking to refinance their mortgages drove up the volume of applications last week as homebuyers ...

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  • 04 Nov
  • The Real Deal
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