People wait to visit a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020. Wany Ying | Xinhua News Agency | Getty Images Exceptional demand for both new and existing homes, brought on by the stay-at-home culture of the coronavirus pandemic, has the housing market severely depleted.
On July 15, the extension deadline for 1031 Exchange investors to choose on their replacement assets passed. With the deadline in the rearview mirror, single-tenant net-leased (STNL) asset sale velocity flattened in August 2020, according to The August 2020 NNN Market Intelligence Report Chris Pappas, associate director with Marcus & Millichap’s Net Lease Division. Total
Mary L. Trump interview on MSNBC’s Rachel Maddow MSNBC President Donald Trump and two of his siblings were sued on Thursday by their niece Mary on fraud charges accusing them of swindling her out of millions of dollars to which she was entitled after the death of her father. “For Donald J. Trump, his sister
Kings County reigns supreme — at least when it comes to New York City real estate. The number of pending sales — also known as homes under contract — in Brooklyn indicates that the borough is booming in spite of the coronavirus, according to a new study. By contrast, the pandemic has significantly pushed down
The pandemic has opened the door to a whole host of negotiations about rent abatements, other concessions and lease adjustments between retail landlords and their tenants. “The pandemic has highlighted the need for many leases to have a greater degree of flexibility to accommodate significant business interruption better,” says Omar Eltorai, market analyst at Reonomy.
Robin Azougi 1st R, a licensed real estate salesperson with Douglas Elliman Real Estate, talks with prospective buyers at a house for sale in Floral Park, Nassau County, New York, on Sept. 6, 2020. Wang Ying | Xinhua News Agency | Getty Images Fierce competition for a limited supply of homes for sale has caused
Venture capital investment vehicles could be among the most profitable for opportunity zone investments. Venture capital has the potential to deliver the original investment multiple times over. As a result, venture capital could deliver the highest returns of any other opportunity zone investment. “This investment type requires an entirely different subset of skills and is
BOSTON – JLL has appointed Travis McCready as executive director and national practice leader within its life sciences practice. Within his new role, McCready will partner with and connect local market teams throughout the US, as part of JLL’s life sciences strategy. He will additionally serve as an advisor to clients; providing the full spectrum
A new, 14,000 square-foot restaurant might be the last thing you’d expect in pandemic-battered, central Greenwich Village, where eateries and bars have closed by the score. But a jumbo is coming to 103-105 MacDougal St., once home to Mexican spot Panchito’s. Brooklyn Chop House managing partner Stratis Morfogen has signed for 7,000 square feet on
Eric Trump speaks in Portsmouth, NH on Sept. 17, 2020. Eric Trump, son of President Donald Trump, makes a stop in Portsmouth during one stop on his ‘Make America Great Again!’ tour. Erin Clark | Boston Globe | Getty Images A lawyer for the New York attorney general’s office argued Wednesday that President Donald Trump‘s
As a provider of joint venture and general partner equity, real estate investment firm RanchHarbor has been seeing an influx lately of multifamily investment opportunities presented by sponsors as value-add. However, upon a closer look at the underwriting, these deals do not actually fit the typical value-add investment profile, says Adam Deermount, co-founder and managing director
People wait to visit a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images After a brief lull to start the month, mortgage demand surged ahead yet again — even with the highest interest rates in several weeks. Total mortgage application volume increased 6.8% last
SAN FRANCISCO—The first half of the year brought a torrent of unexpected challenges for the construction industry, particularly in private nonresidential construction. On a national level, nonresidential building starts fell 19% through the first five months of the year, according to Dodge Data and Analytics. In some markets where construction shutdowns were ordered, work levels
Blackstone has announced the final close of its most recent real estate debt fund, Blackstone Real Estate Debt Strategies IV. The fund has $8 billion of total capital commitments, making it the largest real estate credit fund ever raised, according to the private equity giant. Blackstone Real Estate Debt Strategies has $26 billion of assets
There aren’t 99 bottles of beer on these walls, but there are thousands upon thousands of cans. Navy veteran Michael Amelotte spent 16 years lining the sides and ceilings of his Florida condo with empty cans of Budweiser. The estate of Amelotte, who passed away this year, put his two-bedroom condo in Lake Worth, Fla.,
A home for sale is seen in Santa Monica, California. Lucy Nicholson | Reuters After a record-setting July, the housing market still shows no sign of cooling off. Sales of existing homes rose 2.4% to a seasonally adjusted annualized rate of 6 million units, according to the National Association of Realtors. Sales were 10.5% higher
With lockdowns and social distancing measures keeping people at home, tenants all across the US are having difficulty making their rent payments. Their requests for rent relief are starting to affect equity investors, according to a new report from Bryan Reid, executive director of MSCI Research, and Niel Harmse, senior associate, Global Real Estate Research.
After a brief stall in home sales at the start of the coronavirus pandemic, homebuyers came rushing back in — so fast that prices never even took a hit. In fact, the gains in prices accelerated quickly, causing home equity to soar even more. Home equity for homeowners with a mortgage rose 6.6% annually in
SAN FRANCISCO—Between all-time low hotel occupancy rates, fizzled retail rent payments, and an increase in office rent abatements and lease extensions, one thing has become evident across the commercial real estate landscape: capital expenditure spending is frozen, says Harris Cohn, vice president of commercial real estate with Carbon Lighthouse. Public first quarter 2020 REIT investor
Retirement village in Florida. Ron Levine | Image Bank | Getty Images Where to live in one’s golden years is one of the most significant decisions a new retiree has to make, and the traditional notion of retirement is changing. The old formula of cookie-cutter retirement communities is being challenged by the rise of customizable
ALEXANDRIA, VA – Owner and developer, JBG Smith has acquired seven blocks of Citizens Broadband Radio Service spectrum spanning across Arlington County and the city of Alexandria. The owner and developer purchased the licenses through a national FCC auction, which concluded in late August. The investment is part of a broader initiative to establish National
Now this is a climatic scene. A behemoth air-scrubbing high-rise that looks straight out of a sci-fi flick has been designed for the middle of Roosevelt Island. The tree-studded, 2,400-foot-tall, futuristic proposal is planned to loosely resemble a mandrake plant — with a base like a cruise ship morphing into a gleaming twisty tower a