NYC’s Personal Guaranty Suspension Expiring This September
With the local law suspending personal liability under a commercial tenant’s guaranty set to expire in days, what’s next for small business owners?
L.A. County Home Sales Fall 21% in Turbulent 1st Half of 2020, Prices Grow 4%
L.A. County’s residential real estate market in the first half of 2020 was marked by COVID-19 and the county became one of the nation’s epicenters. We conducted a study of the market in 52 incorporated cities during this time and found that, as sales in L.A. County fell 21% compared to the same time period in 2019, median home sale prices rose 4% and sales fell from nearly 35,000 homes sold in the first half of 2019 to approximately 27,000 thus far in the current year.
How Hotels Are Keeping Up With COVID-19
With occupancy, rates, tourism and business travel at an all-time low, hotels that survived months-long lockdowns face even more obstacles.
California Food Tech Company Signs 112K SF Sublease
California food technology company Perfect Day recently announced it had subleased from Aduro Biotech 112,000 square feet of office and laboratory space at 740 Heinz Ave. in Berkeley, Calif. The sublease represents all of the space leased by Aduro in the Aquatic Park Center campus which totals 800,000 square feet of office space in 16…
Title Industry Pivots to Rework Consumer Closing Experience During COVID-19
Bill Svoboda of CloseSimple takes a deep dive into how the title industry has adapted to meet consumer needs during the pandemic.
Examining the New York Residential Investment Market Post-Lockdown
When it comes to the New York residential investment market in the new normal, it becomes a tale of two areas: NYC and suburbia.
New York State Passes Housing Discrimination Bill, Giving Authority to Revoke Brokers’ Licenses
August saw the passage of a new housing discrimination bill giving the New York State Department the power to revoke brokers’ licenses.
D.C., DFW & Bay Area Are the Nation’s Biggest Suburban Office Markets
D.C., Dallas-Fort Worth and the Bay Area were found to be the nation’s biggest suburban office markets. DFW lead the list for suburban office developments in the last 10 years.
The NYC Neighborhood Report: 44 Neighborhoods Closed Fewer Than 5 Sales Under Q2 Pandemic Pressure
Hudson Yards is among 44 NYC neighborhoods that closed fewer than 5 sales as sales activity fell 42% across the four boroughs during a tumultous Q2.
Breakthrough Properties Fully Leases Boston Building to Biotech Company
Breakthourgh Properties announced the full lease of a 263,500-square-foot laboratory building in Boston to gene editing company CRISPR Therapeutics.
An Inside Look at Commercial Leasing Trends & Legal Analysis
Leviathan Leasing Founder Yaron Cohen & real estate attorney Nataly Goldstein discuss current commercial leasing trends and potential legal changes to come.
How Much Is My House Worth?
Figuring out how much your home is worth can be difficult without involving real estate professionals, but it’s an essential step, whether buying or selling.
A Room in Manhattan or a Mansion in Memphis? How Much Residential Space $250,000 Can Buy in the 100 Largest U.S. Cities?
Key Takeaways: Location, location, location -it’s a well-worn catchphrase in real estate. However, in today’s COVID-19 impacted markets, location has taken on a whole new meaning. In fact, according to data from Harris Poll, almost a third of Americans are looking for properties in areas that are less densely populated. Some of the factors responsible…
Scalable Property Management Software to Grow Your Business
See how scalable property management software can help you grow your real estate portfolio and prepare for what’s next, even in a challenging market.
Rent Freeze & Regulations in New York City
With eviction moratoriums still in place and late-payment fees banned, officials have been working to ease renters’ worries, while landlords continue to struggle with limited income.
Best 360° Virtual Tour Software Options for Real Estate in 2020
Real estate professionals are often having difficulty closing deals as the industry faces significant challenges due to the COVID-19 pandemic. However, when social distancing went into effect — and even showing houses in person was prohibited in some states — virtual tours emerged as a viable way to address this issue. And, while the physical…
Top Ten Most Expensive Homes Sold in 2019 in The Hamptons
The Hamptons is one the world’s most exclusive seaside resorts — and the ultimate playground of the rich and famous. In addition to its lush greenery and opulent vacation homes, the area is dotted with private beaches on the Atlantic coast, stretching from Southampton to East Hampton on New York’s Eastern Long Island. The towns,…
Q1 2020 New York City Neighborhood Real Estate Report
Key Takeaways: First quarter sales activity went up by 5% compared to last year. Hudson Yards remained most expensive neighborhood with a $4.6 million median sale price. Malba was the 7th-priciest neighborhood, with a $2 million median sale price. Manhattan’s most affordable neighborhood was Inwood with a $409,575 median home sale price. The first quarter…
Omninet Capital Nabs Two Metro LA Office Campuses for $78M
Omninet Capital recently purchased two metro Los Angeles office properties — one in Torrance and one in Commerce — for a total of $78 million. In the first deal, Omninet bought a three-building office park in Torrance called Park Del Amo. Located at 2355 and 2377 Crenshaw Blvd., the 204,468-square-foot campus fetched $39 million. At…
Tik Tok Inks Lease for 232K SF at Durst’s One Five One
Social media giant Tik Tok recently signed a 10-year lease for 232,000 square feet of Midtown Manhattan office space at the Durst Organization’s One Five One, previously known as Four Times Square or the Condé Nast Building. The terms of the deal were not disclosed. Tik Tok will take over seven floors in the 48-story…
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