A report from the Tribeca Tribune in New York. "The Downtown Alliance has put numbers to what we see around us: the pandemic’s heavy commercial toll on Lower Manhattan. The Alliance provides data behind a year of reversals to Downtown…
A report from the Real Deal on Florida. "John Rosatt sold his waterfront mansion in Fort Lauderdale’s Las Olas Isles for $7 million, nearly five years after putting it on the market. He bought the home in 2015 for $12…
A report from Bloomberg. "The Federal Reserve warned of significant risks of business bankruptcies and steep drops in commercial real estate prices in a report published on Friday. 'Business leverage now stands near historical highs,' the central bank said in…
It's Friday desk clearing time for this blogger. "Four years ago, Alexandra West bought a house in Sacramento, California, for just under $300,000. She agreed to a five-month lease, starting at the end of January 2020. 'She owes well north…
A report from Real Estate Weekly. "Ninety percent of workers from New York’s financial heart are still operating from home. Nearly half of Lower Manhattan’s population has left, and three hotels and over 160 retail business have closed for good,…
A report from KHON. "An anonymous landlord in Hawaii that spoke with KHON2 says that his tenants have not lost employment since the pandemic started, but have avoided paying $25,000 in rent and utilities while leaning on the eviction moratorium…
It's Friday desk clearing time for this blogger. "Stella Guan's offer on a 'beautiful' Santa Clarita house was accepted in August. She paid roughly $600,000 for the house. But after sleeping there for only a few nights, she had an…
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 City on New York. "In 2019, Clarence Hamer bought a house and moved to upstate Harriman, turning the two-family home he had owned in Brownsville since 2007 into an investment property. His plan blew up when…
A report from USA Today. "Talk of a housing bubble is now common among analysts. Agent Stacie Lee says whenever something goes on the market in Phoenix, the showings are usually back-to-back and closing comes within a matter of days.…