WeWork taps oil exec as new CFO
WeWork has named Kimberly Ross as its new chief financial officer, the company announced on Monday. Ross, most recently vice president and CFO at Baker Hughes, will start at WeWork on March 16. She previously held…
Negative leaks and a ‘honey trap’: SoftBank exec reportedly schemed to topple rivals
SoftBank executive Rajeev Misra identified two high-ranking colleagues as obstacles in his pursuit of power to lead the company’s $100 billion tech fund after he joined the company in 2015. And so, the former Wall Street…
CoStar sees net income jump 32% in year marked by acquisitions
CoStar Group reported $315 million in net income in 2019, following a year of acquisitions and the conclusion of a protracted legal fight. The real estate data firm said Tuesday that it generated $1.4 billion revenue…
Multifamily landlord runs for mayor in Nassau County
While politicians in New York City rush to distance themselves from real estate, one landlord wants to join their ranks. Daniel Goldstein, managing partner of New York-based rental landlord E&M Management, is running for mayor of…
How does a developer recover from a $400 million blow?
UPDATED, 8:05 a.m., Feb. 5: Successful immigrants and developers share at least one quality: optimism, an unshakeable belief that there is a better life to be had in a new country … or a new…
Office leasing picks up in Midtown but slows elsewhere
Midtown accounted for nearly half of Manhattan’s office leasing volume in the first month of the new decade while activity slowed in Midtown South and Downtown. A total of 3.56 million square feet in Manhattan office…
New York Community Bank doubles down on multifamily lending
New York Community Bank has a message for the industry: Lending on rent-regulated buildings is still its bread and butter. Officials from New York Community Bank on its fourth quarter earnings call this morning fired back…
Fairway landlord: Private-equity owners ruined Red Hook store
The landlord of the Fairway Market in Red Hook vowed to “immediately” look to replace the supermarket with another grocery store if the bankrupt company shuts it down as expected in the next few months. Gregory…
Corcoran, Citi Habitats to merge
After operating as “sister” companies for nearly two decades, the Corcoran Group and Citi Habitats are merging under the Corcoran banner to better compete in an increasingly cutthroat brokerage business. The deal, announced Tuesday, will boost…
Hotel management startup Life House raises $30M for national expansion
Hotel management startup Life House raised $30 million to invest in technology as it seeks to expand into properties across the country. Its tech is now in hotels in the Miami area and Denver. The Series…