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,…
It's Friday desk clearing time for this blogger. "Real estate developer Mohamed Hadid’s Bel-Air mega-mansion is on the market for $8.5 million. Once the property sells, the house will be destroyed with proceeds of the sale funding the demolition, which…
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 the Pittsburgh Business Journal in Pennsylvania. "New York-based King Penguin Opportunity Fund has defaulted on its $16.4 million mortgage for City Centre Tower, the biggest of three buys the firm made in downtown Pittsburgh. Martin Perry, a…
A report from the Capital Times in Wisconsin. "'I do believe landlords are preparing and I expect a huge increase once the moratorium is lifted,' said Laura Nachazel, a court manager in the Dane County Clerk of Courts office. 'I…
A report from the New York Times. "Brian Kavanagh, a Democratic state senator who represents Lower Manhattan and part of Brooklyn, was the lead sponsor of the bill that bars landlords from evicting most tenants for 60 days in almost…
A report from ABC 7 News in California. "San Francisco had the biggest drop for a one bedroom apartment in the entire country. Rents are down 23 percent. Oakland is down 19 percent and 15 percent in San Jose. Jenny…
A report from the Commercial Observer. "The New York Legislature on Monday greenlighted legislation that will allow renters and homeowners to delay eviction and foreclosure proceedings until May if they can demonstrate financial hardship caused by the pandemic. Unsurprisingly, landlords…
A report from PBS News Hour. "Landlords in Connecticut are not alone – without federal assistance economists estimate that by mid-January renters across the country will be behind by about $70 billion. And the losses go well beyond market-rate buildings,…
A report from the Oklahoman. "The Hill, an upscale housing development in Deep Deuce, was due for completition in 2008. The project has gone through more than a dozen extensions. Bill Canfield is in default of his agreement with the…