(iStock/Illustration by Alexis Manrodt for The Real Deal) The average wage that workers earned in the third quarter of 2020 rose 7.4 percent from the previous year — a troubling sign for low-wage earners, and the job market as a whole. ...
Jerome Powell (Getty) In September, an effort to update a rule encouraging lending in low-income communities turned into a faceoff among three major banking regulators with oversight on the matter. The Federal Reserve’s proposed ...
Susan Daimler, Zillow COO Jeremy Wacksman (left) and CEO Rich Barton. (Zillow, Getty) Susan Daimler, a longtime general manager at StreetEasy, has been tapped as president of Zillow Group. The Seattle-based listing giant, which has ...
Don Peebles and the Bath Club (Getty, Peebles Corp.) Don Peebles’ Bath Club Entertainment is on the hook for $1 million in court sanctions after a Miami-Dade judge ruled the developer failed to maintain first-class cabanas and outdoor ...
Mike Feuer with 14697 Plummer Street in Panorama City and 13285 Corcoran Street in Pacoima (Getty, Google Maps, iStock) The Los Angeles City Attorney’s office is suing the owners of two San Fernando Valley homes that were the sites of ...
CBRE CEO Bob Sulentic. (CBRE, Getty) “Asset-light” is the buzzword trending in the flex-office space — and at CBRE, too. Bob Sulentic, the commercial real estate giant’s CEO, said that was a big factor in CBRE’s decision to buy a 35 ...
January is the second consecutive month of increase in new home sales. (Getty) The pace of brand new single-family home sales increased for the second consecutive month in January. The 4.3 percent jump to 923,000 from December’s ...
CoStar Group Andrew C. Florance. (Getty) CoStar Group’s revenue soared to $1.66 billion in 2020, as the pandemic pushed more people to shop for real estate online, the company reported Tuesday. While earnings rose 19 percent, the ...
(Getty, iStock/ Illustration by Alexis Manrodt for The Real Deal) Three of Petra Drauschak’s 14 tenants have abandoned their leases during the pandemic. One had already stopped paying by February 2020, when Covid began sweeping across ...
P.K. Subban and Lindsey Vonn with their Beverly Hills home (Getty, Hurwitz James Company) It’s likely that when retired alpine ski champion Lindsey Vonn and NHL star P.K. Subban bought their Beverly Hills home last April, the couple ...