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Month: May 2021

The return to the workplace is re-shaping the workspace

(iStock illustration by The Real Deal) As more Americans get vaccinated, the return-to-office movement is gathering steam. Companies that a month ago were merely speculating about recalling workers are now setting firm deadlines. ...

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  • 19 May
  • The Real Deal
  • Uncategorized
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Blackstone mortgage REIT names new CEO

Blackstone Mortgage Trust CEO Katie Keenan (Blackstone, iStock) Commercial real estate lender Blackstone Mortgage Trust has a new CEO. Katie Keenan, who has served as the REIT’s president since last year, will succeed current CEO Steve ...

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  • 19 May
  • The Real Deal
  • Uncategorized
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NY Attorney General joins Manhattan DA’s criminal probe of Trump Org

Donald Trump, New York Attorney General Letitia James, Manhattan District Attorney Cy Vance (Getty) New York Attorney General Letitia James is joining Manhattan District Attorney Cy Vance’s criminal investigation into the Trump ...

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  • 19 May
  • The Real Deal
  • Uncategorized
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Only 14% of restaurants closed permanently because of pandemic

The National Restaurant Association found that 90,000 restaurants across the U.S. have closed permanently or long-term. (iStock) The number of restaurant casualties resulting from the pandemic may be far less than expected. The ...

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  • 19 May
  • The Real Deal
  • Uncategorized
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Florida Realtors organization sues CDC “landlord-in-chief” over eviction ban

Attorney General Merrick Garland, CDC Director Rochelle Walensky and Secretary of Health and Human Services Xavier Becerra with Florida Realtors CEO Margy Grant (Getty, Linkedin) The largest Realtors association in the country is the ...

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  • 19 May
  • The Real Deal
  • Uncategorized
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Robert Durst’s murder trial restarts after year-long delay

Robert Durst in court on May 18, 2021 (Getty) Prosecutors and defense attorneys in the murder trial of real estate heir Robert Durst reprised their opening statements to jurors on Tuesday. Los Angeles County Superior Court Judge Mark ...

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  • 19 May
  • The Real Deal
  • Uncategorized
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Warren Buffett bets on modular construction

Warren Buffet and a prototype of a MiTek and Danny Forster & Architecture building. (MiTek, Getty) The Oracle of Omaha is making a contrarian bet on modular construction. MiTek, a Missouri construction company owned by Warren ...

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  • 18 May
  • The Real Deal
  • Uncategorized
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Mortgage demand plummets to lowest level in a year

Lower demand for refinancings has caused purchase loans to take a larger share of the market. (iStock) The once red-hot mortgage market is cooling down. Mortgage demand fell in April to its lowest level in almost a year, according to ...

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  • 18 May
  • The Real Deal
  • Uncategorized
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Pension funds, private equity splurge on real estate

Private investment funds targeting real estate had about $356 billion in cash reserves in April. (iStock) Some of the largest pension funds and private equity firms are once again gearing up to invest in commercial real estate. Between ...

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  • 18 May
  • The Real Deal
  • Uncategorized
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CGI Strategies inks deal with Lazy Acres chain in Los Feliz

CGI Founder and CEO Gidi Cohen with the property site. (Google Maps, CGI) CGI Strategies and Megdal Investments inked a long-term lease with Lazy Acres Natural Market for a 30,000-square-foot store in Loz Feliz. The location, which is ...

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  • 18 May
  • The Real Deal
  • Uncategorized
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