By the numbers: Social media on steroids

From the March issue:  Though residential real estate firms have been savvy about the importance of social media — and poured considerable resources into it — for at least the past decade, the competency and effectiveness of each firm’s and broker’s tweets, snapchats, instagrams and Facebook posts can vary widely. Some, like Douglas Elliman’s Fredrik […]

Residents of 415 CPW use building’s windows to protest Trump

Some of the residents at a Central Park West co-op are using their windows to protest President Trump, but the building management is not impressed. The residents at 415 Central Park West are using large block letters to spell out the word “RESIST” in the windows, the New York Post reported. The building management is […]

EB-5 is a big, beautiful door for Trump corruption: State Dems

When the EB-5 visa program debuted in 1992, members of Congress said it would spur job growth and whip up a significant amount of capital investment from overseas. But despite vigorous support from the real estate industry and a largely supportive Congress, opposition against the program continues to mount. Critics have taken aim at Ponzi-style […]

Major commercial players split on state of the RE cycle: survey

Major stakeholders are split on whether the market has already hit its peak, according to a survey conducted by one of the country’s largest commercial real estate trade groups. The report from the Commercial Real Estate Finance Council (CREFC), whose members include giant asset managers like BlackRock and New York developers like Fisher Brothers, noted […]

Editor’s note: Can the Trump bounce last?

From the February issue: Markets crave stability, but you’d be hard pressed to call the first days of the Trump presidency stable. Trump’s core populist appeal — his promises to reverse economic hardship in the working-class heartland — seems to have been lost amid debates over inaugural crowd sizes, thousand-mile border walls and blanket immigrant […]

The February issue is live!

In the months since Donald Trump’s surprise election victory, financial markets around the world have surged. Bond yields rose rapidly, and last month the Dow Jones industrial average soared to close above 20,000 for the first time in history. Throughout his campaign, Trump sold himself as an experienced entrepreneur, and vowed to deregulate the banking […]

Related Group’s Jorge Perez rebukes Trump’s plan for US-Mexico wall, calling it “idiotic”

From the South Florida website: Despite a longstanding friendship with Donald Trump, Miami’s condo king has spoken out against the president’s plan to build a wall along the U.S. border with Mexico, and his immigration and trade policies.  Jorge Perez, chairman and CEO of the Miami-based Related Group, declined an email invitation following the inauguration from the […]

Jared Kushner sells stake in 666 Fifth Avenue

UPDATED Jan. 31, 02:47 PM: Jared Kushner sold his equity stake in 666 Fifth Avenue, once the most expensive office buildings in America. According to a spokesperson for Kushner Companies, the stake was sold to a family trust, but the company declined to comment on who exactly would control it. “Mr. Kushner’s ownership interests were sold […]

Trump’s executive order could slash billions in funding to NYC

President Donald Trump’s pledge to slash federal funding to “Sanctuary Cities” could cost New York City north of $7 billion. The proposal is part of the administration’s promise to a “crack down” on cities that protect undocumented immigrants, including New York, Chicago, San Francisco, Newark and New Haven, Connecticut. Mayor Bill de Blasio has vowed […]