A report from the Real Deal on Florida. "Former hedge fund manager Jim Pulaski bought a unit at Apogee in South Beach after selling his waterfront North Bay Road mansion. Property records show G Sofi Investments LLC, sold the four-bedroom,…
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 Realtor.com on New York. "Nobody wants to buy notorious sex offender Jeffrey Epstein's real estate. The convicted criminal's grand, 28,000-square-foot townhouse in Manhattan's tony Upper East Side has undergone a $23 million price cut. 'In New York,…
A report from Bisnow on Georgia. "With government support for embattled workers evaporating, apartment rent collections are worsening as the year comes to a close. 'In November, it came crashing. We saw the entire momentum shift,' The RADCO Cos. CEO…
A report from the Wall Street Journal. "Some of the most conservative real-estate funds are suffering from falling property values, putting their fund managers in a tough spot as investors look to cash out. Now that the pandemic has caused…
A weekend topic starting with the Associated Press. "While REITs overall are lagging the broader stock market this year, apartment REITs are among the worst-performing. The 15 apartment REITs included in the Nareit index have a negative total return of…
A report from the Wall Street Journal. "In the years leading up to the coronavirus pandemic, rental apartments were one of the hottest property types. Things are different now. Even stronger markets are seeing declines of about 5% in effective…
Two reports from the Wall Street Journal. "The pandemic has raised important questions about the future of New York City. Clues to the answers—or a way to bet on them—can be found daily in the price moves of four real-estate…
A report from Market Watch. "The coronavirus pandemic has turned the $4.4 trillion U.S. commercial real estate finance market upside down. Moody’s analysts warned that property-level 'cash-flow stress, particularly across hotels and retail properties,' will trigger more defaults. In the…
A report from Bankrate. "The coronavirus pandemic has blindsided the U.S. housing market, transforming the spring selling season that’s traditionally the annual peak of sales into a deep valley. 'This industry is just doing a very slow crawl,' says Leslie…