A report from Auction.com. "The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace, according to the Auction.com Market Validation Program (MVP) for…
A report from Bolly Inside. "Flexible workspace provider Knotel has filed for bankruptcy and has announced plans to sell its business to listed real estate services company Newmark, the company said on Sunday. The pandemic has punished several workspace companies.…
A report from the Inlander in Washington. "A decade after the depths of the Great Recession, another potential housing crisis is brewing: State and federal governments have issued eviction moratoriums, preventing landlords from booting tenants who aren't paying their rents.…
A report from the Palm Beach Post in Florida. "The Palm Beach County courts will, again, bring in jurors for smaller criminal and civil cases in the coming weeks. Chief Judge Krista Marx said the one area they are concerned…
A report from the Daily Mail. "Property sales in New York City plunged 46 percent in 2020 from the prior year's level, costing $1.6 billion in lost city and state tax revenue, according to the Real Estate Board of New…
It's Friday desk clearing time for this blogger. "Dwayne 'The Rock' Johnson, is ditching his multimillion-dollar equestrian estate on the outskirts of Atlanta and is poised to take a sizeable loss in the deal. The former wrestler turned actor has…
A report from Real Estate Weekly on New York. "The City’s largest organization of landlords of rent-regulated apartments is calling on the city to freeze this year’s property tax assessments. The city’s new tax assessment roll shows the value of…
A report from the Real Deal. "Quarters’ U.S. expansion appears to have ended in bankruptcy. Eight properties and two additional limited liability companies tied to the German co-living firm filed for Chapter 7 bankruptcy on Friday, according to court records.…
A report from the Real Deal on New York. "In February, billionaire Ken Griffin purchased Calvin Klein’s seven-acre Southampton home for $84 million — the year’s most expensive deal in the Hamptons. Now, the mansion next door has been put…
A weekend topic starting with Bisnow New York. "New York City’s commercial property values are expected to fall substantially this year. A summary of the past year said that the real estate markets 'collapsed' after the coronavirus gripped the city,…