The biggest new tenant in New York City is… TikTok
Douglas Durst, One Five One, and Tik Tok CEO Kevin Mayer (Getty, Google Maps, iStock) TikTok is coming to Times Square. The parent company for the video-sharing app has inked…
Tag: Cross Post
Marcus & Millichap laying off 20% of workforce
Marcus & Millichap CEO Hessam Nadji and their Calabasas office. Marcus & Millichap plans to lay off 20 percent of its workforce as the publicly traded commercial real estate brokerage…
Loophole allowed big-name landlords to get bailout funds
(Credit: iStock) Some lucky landlords have secured bailout funds through the federal government’s Paycheck Protection Program — all thanks to a legal loophole. The program, created through the CARES Act…
Sabotage, secret cameras and intrigue: Inside the Barclay family’s feud over the London Ritz
Sir Frederick Barclay and the Ritz London (Photo by Kirsty O’Connor/PA Images via Getty Images, Ritz London) A high-stakes drama worthy of a soap opera — complete with hidden cameras…
Facing the music: Entertainment venues, restaurants weigh reopening options
Bars, restaurants and live entertainment venues around the world are now weighing their reopening options. Some owners say they can’t cover the cost of operating at reduced capacity. (Getty) As…
Here’s what the office industry is up to as lockdowns lift
As lockdowns lift and the work-from-home debate ranges on, office landlords are eager to get back to leasing and building out their spaces. “We have various construction projects we want…
States Title raises $123M to digitize title, mortgage and escrow
States Title CEO Max Simkoff (iStock, States Title) A San Francisco startup that’s digitizing mortgage, title and escrow said it raised $123 million — sinking another nail into the coffin…
“Corporate shell game”: Special servicer says Hudson’s Bay undermined $850M loan
Hudson’s Bay CEO Richard Baker (Credit: Getty; iStock) The special servicer for an $850 million CMBS deal has accused Hudson’s Bay Company of engaging in a “clandestine corporate shell game”…
Alex Sapir wants to take his firm private. This could be the right time
Alex Sapir, CEO of the Sapir Organization (Credit: Getty; iStock) Alex Sapir has another chance to do something he failed to pull off three years ago — seize greater control…
A “super penthouse” in New Zealand hits the market, aiming for a price record
Penthouse at the Pacifica tower (Credit: The Pacifica) The most expensive home to ever hit the market in New Zealand is now up for grabs. Australian developer Hengyi Pacific is…