It's Friday desk clearing time for this blogger. "Philanthropist Marcia Riklis is planning to take a hit on the sale of her Upper East Side home. The posh ninth-floor co-op is on the market for $6.35 million. That’s more than…
A report from the Real Deal. "Big money will be deployed into cash-deprived real estate funds. 'We are seeing some investors that are pretty distressed, but if we compare it to previous crises it doesn’t seem to be as widespread,'…
A report from Business Insider on Florida. "Ken Griffin is selling both of his Miami Beach penthouses for at least a 20% loss, Katherine Kallergis reported for the Real Deal. Griffin bought the two Faena House penthouses in 2015. At…
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 Mansion Global. "New York native David Kramer, president of Hudson Companies. What has the Covid-19 experience been like for the company? It’s a better time to be a buyer than a seller, a tenant than a landlord.…
A weekend topic starting with KPIX in California. "Rent collection has dropped from 80.4% nationally at this time last year to 75.4% at the start of December. Meanwhile tenants are fleeing urban centers left and right. 'I’ve even seen properties…
A report from DS News. "Delinquencies are at an all-time high— 'that's the headline,' Rick Shagra, SVP at RealtyTrac said but suggested that listeners consider some factors before panicking or view this like we would have viewed serious delinquencies a…
A report from Reuters on New York. "Clarence Hamer doesn’t expect to hang on to his house much longer. His downstairs tenant owes him nearly $50,000 in back rent on the four-bedroom duplex he owns in Brownsville, Brooklyn. Without those…
A report from Mortgage News Daily. "Black Knight says condos have seen a large increase in availability. This is especially apparent in some of those very cities, such as San Francisco, that homeowners are leaving in droves. While delinquencies spiked…
A weekend topic starting with Bisnow New York. "Cushman & Wakefield Vice Chair Joanne Podell, a veteran retail broker in New York City, speaks about the future of luxury strips like Fifth Avenue. 'There are two kinds of landlords,' she…