Let’s Talk About Politics
For the last five years or so, we’ve felt compelled in pretty much every Owners Magazine to ask the landlords of New York at least one question about what they think of the most prominent of their own:...
View ArticleIn Bid to Avoid ‘Serious Damage,’ Deutsche Bank Eyes Cutting Ties with Trump:...
After tonight, not only could President Donald Trump be out of a job in government, but he could be on his way to losing one lender that has bankrolled some of his most prominent real estate assets....
View ArticleWhat Would Divided Government Mean for Federal Housing and Transit Spending...
The balance of power in the U.S. Senate likely hinges on a pair of runoff elections in Georgia. However it tilts in the coming weeks could have a deep impact on real estate and infrastructure in the...
View ArticleSunday Summary: Big Changes Coming
We must admit, we couldn’t fully focus this week. Maybe it was the long, endless, seriously-I’d-rather-be-having-a-root-canal election night that stretched into election week. But, as of yesterday, it...
View ArticleBiden and Commercial Real Estate: 4 Intersections to Watch
The incoming Biden administration‘s decisions on a range of issues could impact the commercial real estate market and industry directly. Here are the four areas to watch as the former vice president...
View ArticleNYC Real Estate Heads Join Call for Trump to Aid Biden Transition
A group of 164 New York City business owners — including the heads of powerful landlords and brokerages — called on President Donald Trump to concede the election to President-elect Joseph Biden and...
View ArticleNew York’s Anti-SLAPP Law Changes Could Hit Developers Unawares
While it’s gone mostly unnoticed, New York developers should be aware of New York’s recently revised anti-SLAPP law. Facing objections to their applications for permits or zoning relief and the...
View ArticleCityview Begins $125M Opportunity Zone Development Near Downtown LA
Cityview is set to further expand its multifamily portfolio after setting up funding for a $125 million multifamily development in Historic South-Central Los Angeles. The 296-unit project, called Adams...
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Sale of Landmark LA Mall Terminated Again Following Community Blowback
A pending nine-figure deal for a landmark shopping mall in South Los Angeles has again been terminated due to community pressure, because the outside buyers have reportedly done business with the...
View ArticleHousing Diversity Corp. Plans Third Micro-Housing Project in LA
With no end in sight to Los Angeles’ affordability crisis, Housing Diversity Corporation is again expanding its micro-housing strategy, Commercial Observer has learned. The development firm will file...
View ArticleKushner Companies Considers Raising $500M Fund in Israel
Kushner Companies has considered raising a $500 million fund from private investors in Israel, among other options for raising capital there, Commercial Observer has learned. The company also filed...
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Commercial Real Estate Groups Condemn Mob Violence in DC
A historic day that was supposed to be about confirming the electoral count for President-elect Joe Biden instead turned into chaos, as hundreds of pro-Trump rioters stormed the U.S. Capitol on...
View ArticleMore Commercial Real Estate Groups Speak Out About Wednesday’s Events at the...
The frenzied events that took place at the U.S. Capitol on Wednesday are still on everyone’s minds, and even though Joe Biden was eventually certified to be the next president of the United States,...
View ArticleSunday Summary: 2021, Off to a Weird Start
It seems a bad time to be talking about real estate. Since this newsletter last went out, we learned the following pieces of news: 1) The president of the United States implored Georgia’s secretary of...
View ArticleNew York City’s Trump Contracts: What’s Canceled and Where
New York City Mayor Bill de Blasio announced Wednesday morning that he was directing city agencies to cancel their public contracts with the Trump Organization after President Donald Trump helped...
View ArticleLight at the End for the New York Region’s Gateway Project
To move its economy forward beyond the pandemic, New York City first needs to figure out how to move commuters, workers and residents around its wider region. Figuring that out will very likely entail...
View ArticleAll Aboard the Infrastructure Express: Financing Biden’s Wishlist
Infrastructure investment has long been a target of U.S. lawmakers as a way to make a direct, material impact on the long-term growth potential of the country’s economy. From transportation to...
View ArticleDC Developer Douglas Jemal Pardoned by President Trump
Douglas Jemal, founder and president of Douglas Development, was among a final wave of clemency grants that President Donald Trump handed out as he departed the White House on Wednesday. The...
View ArticleSheldon Adelson, Las Vegas’ Makeover Artist
While Sheldon Adelson was best-known for using his billions of dollars to promote right-wing causes, he also played an integral role in growing Las Vegas into a global destination that went well beyond...
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Who’s on Durst? REBNY Leadership’s Chance to Hit the Reset Button
“I like the sound of that: President Joe Biden,” Real Estate Board of New York Chairman Douglas Durst told Commercial Observer. Durst, who’s also chairman of the 105-year-old Durst Organization, one of...
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