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Month: December 2020

Rising UCC foreclosures are “the tip of the iceberg”

From left: Thor Equities’ 590 Fifth Avenue, the Mark Hotel and Wonder Works’ Vitre Churchill Real Estate’s Justin Ehrlich has seen a lot during his time as a developer and lender in New York. He witnessed the collapse of the real ...

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  • 29 Dec
  • The Real Deal
  • Uncategorized
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Gal Gadot picks up beachfront penthouse in Malibu

Gal Gadot and her Malibu penthouse (Getty, Chris Cortazzo) It’s a big month for Gal Gadot — and not just because of the debut of “Wonder Woman 1984.” The actress, whose latest in the “Wonder Woman” series was released Christmas Day, ...

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  • 28 Dec
  • The Real Deal
  • Uncategorized
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Cracks in the foundation: Construction’s kickback problem

Turner Construction CEO Peter Davoren (front) and Michael Bloomberg with 120 Park Avenue (left) and 919 Third Avenue, Bloomberg buildings where renovation costs were inflated in exchange for kickbacks, authorities say. A small Queens ...

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  • 28 Dec
  • The Real Deal
  • Uncategorized
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Micro-housing to rise in DTLA Opportunity Zone

Rendering of 1411 South Flower Street (Housing Diversity Corporation) A Seattle-based developer is betting big on micro-housing in Los Angeles. Housing Diversity Corporation is filing plans for an eight-story, 227-unit rental project ...

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  • 28 Dec
  • The Real Deal
  • Uncategorized
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Meghan Trainor picks up Encino mansion from TMG Fresh

Meghan Trainor and her Encino Mansion (Photos via Getty; Savills) Meghan Trainor is the latest famous musician to pick up a pad in Los Angeles’ Encino neighborhood. The singer — best known for her 2014 debut hit “All About That Bass” — ...

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  • 28 Dec
  • The Real Deal
  • Uncategorized
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The Covid churn: Inside resi brokerages’ recruiting games

Clockwise from top left: Scott Durkin, president and COO of Douglas Elliman; Bess Freedman, CEO of Brown Harris Stevens; Adam Mahfouda, founder and CEO of Oxford Property Group; Rory Golod, Tri-State president of Compass; Pam Liebman, ...

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  • 28 Dec
  • The Real Deal
  • Uncategorized
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Federal housing agency extends forbearance options for multifamily landlords

FHFA director Mark Calabria (Getty; iStock) Multifamily landlords that are having trouble with mortgage payments are in luck: The Federal Housing Finance Agency has extended forbearance options for loans backed by Fannie Mae and ...

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  • 28 Dec
  • The Real Deal
  • Uncategorized
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NYC’s 10 most active developers of 2020

Related Companies’ Stephen Ross and 50 Hudson Yards, and Brookfield Property Partners’ Brian Kingston and Two Manhattan West (Related, 50 Hudson Yards, Brookfield, Manhattan West)   Construction timelines were disrupted across the city ...

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  • 28 Dec
  • The Real Deal
  • Uncategorized
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Hotels turn empty rooms into private dining suites

Some restaurants and hotels are partnering up to offer private dining in empty rooms, in an attempt to survive the economic fallout of the pandemic. (iStock) The pandemic has upended every part of the hospitality industry, with travel ...

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  • 27 Dec
  • The Real Deal
  • Uncategorized
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Related is all in on “15-minute city” in London

Renderings of the “city within a city” concept outside central London. (Brent Cross Town) Related Companies https://therealdeal.com/tag/related-companies/ made a big bet on the “city within a city” concept in New York with its Hudson ...

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  • 27 Dec
  • The Real Deal
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