Residential transactions were up last week for the first time since the beginning of April. The five boroughs had $495 million in residential sales for the week ending April 24, up 12.3 percent from the week…
SL Green Realty is seeking bids for its largest loan yet as the company looks to raise a large cash buffer against the economic downturn. The real estate investment trust is offering the $110 million loan…
Marriott International’s business was already down 75 percent by March 19, when the hotel chain’s CEO Arne Sorenson posted a somber update. With his industry pummeled by the coronavirus pandemic, Sorenson spoke of the need to…
The Federal Reserve won’t push up interest rates any time soon, the central bank’s chairman said Wednesday as the U.S. economy shrank the most in over a decade. The Fed’s Federal Open Markets Committee said it…
Presidential candidate Bernie Sanders is calling for a freeze on rent and mortgage payments as part of the next federal relief package. Sanders urged Congress on Friday to suspend monthly expenses, including rent, mortgage payments, medical…
Live at 5 PM tonight, join The Real Deal‘s E.B. Solomont as she talks to leaders from proptech companies that are changing the way we buy, sell, rent, and refinance our homes on TRD Talks Live….
The Four Seasons Hotel in Downtown Manhattan is the latest casualty of the coronavirus pandemic. Located at Silverstein Properties’ 30 Park Place, the luxe hotel is closed until further notice, according to its website. It plans…
Prestige, glamour and Central Park views proved no match for the microscopic coronavirus as the Plaza Hotel stopped taking guests Friday and announced 251 layoffs. “We fully support our local authorities as they work to halt…
New York City condos and co-ops can look to the courts when neighbors don’t abide by social distancing or quarantines, some lawyers say. The state has barred public and private gatherings and ordered everyone except those…
Edward J. Minskoff Equities has purchased a property in Dumbo that was recently rezoned to accommodate a 200,000-square-foot office building, according to property records and sources familiar with the deal. The real estate firm bought 35…