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The Real Deal New York

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BERNIE SANDERS THROWS SUPPORT BEHIND NEW YORK RENT-SUSPENSION BILL

Presidential candidate Bernie Sanders has thrown his weight behind Sen. Michael Gianaris' rent-suspension bill. “Along with pausing...

FEWER CANADIANS ARE SEARCHING FOR HOMES ONLINE AMID PANDEMIC

Canadians are not only done with open houses, it seems many aren't even looking for new homes anymore. There were 38 percent fewer...

 
 
 

CROWN HEIGHTS HOTEL MARKS LONE MID-MARKET DEAL THIS WEEK

Just one property traded hands in New York's mid-level investment sales market last week, at a time when the city is trying to grapple...

COULD NY'S WORK FROM HOME MOMENT FUEL OFFICE-TO-RESIDENTIAL CONVERSIONS?

The long term impacts of the coronavirus pandemic will not be fully known for months or even years, but one major question has already...

 
 
 

FED TO MALL AND HOTEL OWNERS: DROP DEAD

The central bank's multi-trillion-dollar intervention to help companies facing a credit crunch leaves struggling malls, hotels and...

MICHAEL SHVO ON THE BIBLE, BATMAN AND WHY NYC WILL BOUNCE BACK

After seven months of due diligence, developer Michael Shvo bet on New York real estate emerging from the coronavirus pandemic last...

 
 
 

THE PLAZA SHUTS DOWN AND LAYS OFF 251

Prestige, glamour and Central Park views proved no match for the microscopic coronavirus as the Plaza Hotel stopped taking guests Friday...

NEW YORK HALTS MOST CONSTRUCTION

After facing pressure from city officials and workers, the state is shutting down all construction except work on infrastructure, healthcare...

 
 
 

LANDLORD GROUPS: POSTPONE VOTE ON RENT INCREASE

The three main trade associations for New York City's landlords are jointly asking the city to put off a vote on rent increases for...

WEWORK TO MISS 2020 TARGETS BECAUSE OF CORONAVIRUS

WeWork says it won't be hitting its targets this year because of the coronavirus. In a letter to bondholders, CEO Sandeep Mathrani...

 
 
 

REDFIN EXECS TIGHTEN BELT AND GIVE AGENTS A BOOST

Agents at real estate brokerage Redfin are getting a reprieve and the CEO is forsaking compensation in light of the coronavirus pandemic....

AMPLE HILLS CREAMERY TO LAY OFF ALL 101 OF ITS WORKERS

Ample Hills Creamery is laying off all 101 of its employees, according to a notice filed with the New York State Department of Labor....

 
 
 

ST. REGIS, WYTHE HOTEL OPEN ROOMS TO MEDICAL STAFF, PATIENTS AS OCCUPANCY PLUMMETS

While hotels sit empty due to the coronavirus, some operators are offering up their rooms to medical personnel and non-critical patients....

REAL ESTATE INVESTORS WILL GET $170B WINDFALL FROM BAILOUT PACKAGE

Tucked inside the federal government's massive economic rescue package is a $170 billion windfall for real estate investors. Washington's...

 
 
 

NY RESTAURANTS, HOTELS WARN OF MASS LAYOFFS AS US SEES RECORD JOBLESS CLAIMS

Americans filed a record number of unemployment claims last week, and in New York state, restaurants and hotel owners said Thursday...

JUDGE GRANTS KUSHNER TENANTS FREE RENT AT EAST VILLAGE COMPLEX

Tenants at an East Village building owned by Kushner Companies will not have to pay rent until the real estate firm secures a certificate...

 
 
 

MINORITY, WOMEN-OWNED CONSTRUCTION FIRMS STRUGGLE TO PAY EMPLOYEES, FACE LAYOFFS: SURVEY

Many minority and women-owned construction companies say they are struggling to pay their employees and anticipate layoffs over the...

RELATED TRIES TO CALM ISRAELI INVESTORS AFTER MARKET PANIC

After an auditor's worried note set off an “earthquake” for Related's Israeli bonds this week, representatives for the bond-issuing...

 
 
 

MORTGAGE RATES FALL, BUT WHO'S BUYING?

The coronavirus pandemic has slammed the residential market and left homeowners wondering if they'll be able to make their payments,...

STATE MULLS CHANGING WHAT CONSTRUCTION IS CONSIDERED “ESSENTIAL”

New York is considering limiting the types of construction that qualify as “essential.” Gov. Andrew Cuomo indicated that he is open...

 
 
 



Cuomo on possible New York quarantine: 'I don't think it's legal,' would be...

Cuomo on possible New York quarantine: 'I don't think it's legal,' would be a 'federal declaration of war'

"It would be chaos and mayhem," Cuomo said. Read more ...

What's essential? In France: pastry, wine. In US: golf, guns

What's essential? In France: pastry, wine. In US: golf, guns

What, really, is essential? It's a question countries across the world are asking, and their answers are telling. Read more ...

President considering short-term quarantine for New York, nearby areas

President considering short-term quarantine for New York, nearby areas

The president said he was considering some type of enforceable quarantine to prevent people in New York and parts of New Jersey and Connecticut from traveling. Read more ...

DeSantis supports Trump's plan to quarantine New York

DeSantis supports Trump's plan to quarantine New York

TALLAHASSEE - Florida Gov. Ron DeSantis on Saturday said he would support plans by President Donald Trump to quarantine New York City in an effort to stop the spread of... Read more ...

Mystery diner leaves $10,000 tip at Florida restaurant

Mystery diner leaves $10,000 tip at Florida restaurant

The man's generosity meant 20 staffers at the restaurant each got an extra $500 just before they were laid off. Read more ...

LJ Figueroa to enter 2020 NBA Draft but may return to St. John's

LJ Figueroa to enter 2020 NBA Draft but may return to St. John's

St. John's hasn't lost any key contributors to the transfer wire, but there is a possibility the professional ranks could take away an important component. LJ Figueroa, the Red... Read more ...

Illinois infant with coronavirus dies, cause of death unknown

Illinois infant with coronavirus dies, cause of death unknown

An Illinois infant with COVID-19 has died, Gov. J.B. Pritzker said Saturday. The cause of death is unknown and an investigation is underway. Read more ...

Kansas City police say missing 10-year-old girl found safe

Kansas City police say missing 10-year-old girl found safe

Nayina Muhammad was last seen Saturday at 8 a.m. Read more ...

US coronavirus death toll leaps to over 2,000 as number of fatalities...

US coronavirus death toll leaps to over 2,000 as number of fatalities DOUBLES in 2 days

Over 2,000 people succumbed to the deadly Covid-19 disease in the US, as the country has grown into the global epicenter of the pandemic with over 120,000 confirmed cases... Read more ...

The Latest: 2nd Avalanche player tests positive, 4th in NHL

The Latest: 2nd Avalanche player tests positive, 4th in NHL

The Latest on the effects of the coronavirus outbreak on sports around the world: Read more ...