A report from Bisnow New York. "Meridian Capital Group Senior Executive Managing Director David Schechtman noted he is working on a 'broken' condominium deal in Brooklyn upon which there is a $65M senior secured mortgage with $25M of equity behind…
A report from CTV News in Canada. "Ari Newman has called Vancouver’s Strathcona neighbourhood home for the last three years, but that’s about to change. 'It’s been an increasingly bad experience living in Strathcona,' he told CTV News. 'I’m seeing…
A report from USA Today. "The housing market has been booming during the COVID-19 crisis, but America’s cities are taking it on the chin. Big cities like New York and San Francisco, in particular, are struggling with falling prices. 'Since…
A report from the Boston Globe. "Massachusetts has one of the highest unemployment rates in the country, at 11.3 percent. Unemployment in the service sector is higher than in any other job category, and many of the state’s 622,000 service…
A report from the San Francisco Chronicle in California. "Sales tax data shows San Francisco’s population likely declined during the coronavirus pandemic, the city’s chief economist Ted Egan told The Chronicle. 'We’re the worst in the state,' he said. 'That’s…
It's Friday desk clearing time for this blogger. "Record vacancies dropped Manhattan apartment rental prices to their lowest levels in seven years as tenants continued to flee the city. The number of apartment listings tripled from a year earlier to…
A report from Bloomberg on Canada. "Active listings of condos in downtown Toronto hit a record at the end of September and were 215 per cent higher than a year earlier, according to Urbanation data. 'Demand is just not keeping…
A report from Realtor.com. "Steve Mariucc is prepped to take a loss on his New York City apartment. The NFL Network analyst has put the Upper East Side condo on the market for $2,595,000. The offensive guru purchased the three-bedroom…
A report from AM New York. "According to RealtyHop, five Manhattan neighborhoods had the highest number of price drops last month. Manhattan’s Upper East Side-Carnegie Hill was the neighborhood with the most price drops in September. The Norwood area of…
Two reports from the Wall Street Journal. "Even with recent gains, more jobs have been lost—nearly 11 million—than were cut in the wake of the 2007-09 recession, when 8.7 million were eliminated. Economic production, despite a sharp bounce-back in the…