Real Estate

Ron Perelman’s infamous selling spree appears to continue with his palatial Hamptons estate, The Post has learned. The billionaire businessman behind Revlon is entertaining offers for his Hamptons property known as “The Creeks” for around $180 million, sources familiar with the situation said. A Perelman spokeswoman on Friday denied the heavily guarded estate, which sits
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The pandemic has forced many companies to adopt remote work policies, and many offices are considering long-term or permanent shifts to remote work. But, what will the transition to remote work look like? In many ways, the bumps and challenges have already been addressed during the early onset of the pandemic, but offices that plan
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A lot has been written about the demise of retail.  In April, UBS projected that 100,000 brick-and-mortar stores could close permanently by 2025, as online sales capture 25% of total retail sales. The Fall 2020 Retail Spotlight Report from Colliers International backs this general sentiment, saying that the need for physical stores is likely to
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Even before COVID-19, apartments in some downtown locations were facing pressure from new supply. Eighty percent of 611,000 units under construction are at the top end of the market, according to CoStar Group. “I think we’ve been talking about this on the multifamily side for a while,” says CoStar Portfolio Strategy Senior Consultant Juan Arias.
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While many CRE sectors and product types have floundered after COVID-19 hit, one industry has continued to flourish. In the second quarter, cap rates for dollar stores fell a 12-basis point decrease when compared to the prior year, according to The Boulder Group. There are some long-term concerns for the sector, most notably overbuilding. But
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While student housing is facing its share of challenges in the COVID 19-era, one firm is placing a big bet on the sector.  W5 Group, a single-family investment office that makes investments across residential real estate sectors in Europe and the US, has launched a US student housing initiative.  In the student housing area, W5 Group will
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COVID-19 is continuing to force corporations into bankruptcy, which could mean further deterioration in office fundamentals. As of Sept. 7, 470 companies have gone bankrupt in 2020, which is more filings than during any comparable period since 2010, according to an S&P Global Market Intelligence analysis. There was some good news as the number of
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For years, life science companies have made their home in metro areas like Boston and the Bay Area. But Mark Hefner, CEO and shareholder of MGO Realty Advisors, says that is changing. “Major metropolitan cities like Boston, San Francisco, Seattle and San Diego that have been long-established life science hubs are expensive to operate in,”
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After unloading her notorious Sunset Strip mansion earlier this year, it’s no big surprise that Demi Lovato has forsaken the often frenetic energy of Hollywood in favor of a more low-key area of Los Angeles. Property records reveal the former Disney Channel star-turned-internationally successful musician, now engaged to actor Max Ehrich, has paid exactly $7
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If a landlord thinks a tenant can survive after the COVID economic crisis passes, they’re usually motivated to work on payment plans, according to Luis Martinez-Monfort, founding partner of law firm Gardner Brewer Martinez-Monfort. “The appetite to work through forbearance from both the tenant and landlord is pretty high because I don’t think landlords believe,
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In-unit smart technology is building momentum. RealPage company STRATIS IoT, a technology platform that links apartment smart home systems to personal devices, has partnered with Alexa for Residential through Amazon. The partnership will provide voice access for the STRATIS IoT platform through Alex-enabled devices. As a result, participating residents will have voice control over more
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In a new report, Cushman & Wakefield indicates that office pricing should recover by late 2022. To get to this conclusion, Cushman & Wakefield presumed US office employment declines by 1.2 million jobs in 2020, Congress passes another fiscal relief bill, the Coronavirus situation begins to resolve by mid-2021 and the historical relationship between job
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More than ever, lenders and brokers are relying on hard data on the multifamily real estate market—from analytics to unusual metrics—to maximize returns and mitigate risk, wrote Tim Blackwell, president of Ballpark Impressions, in a blog for RealPage.  “Operators, developers and investors began watching data closely when the current cycle began skidding this spring,” he wrote. Blackwell
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