How much data should real estate startups share?

Real estate is having a Napster moment as the industry wrestles with how to share Big Data — if at all. That was a key takeaway from a panel on Thursday at the launch of TRData, The Real Deal’s new real estate research platform. “We don’t want to give away our data set,” said Harley […]

As belts tighten, real estate tech startups talk about dealing with the squeeze

There may never be a truly easy easy time to launch a startup, but in the real estate tech business the past few years weren’t too bad. As the real estate industry’s profits surged amid a yearslong market boom, executives were more willing to spend on products like virtual space tours or property databases. But […]

Jared Kushner looks to be still tied up in 229 West 43rd Street retail condo

The White House recently confirmed that Jared Kushner, President Trump’s son-in-law and perhaps his closest adviser, would hold on to some of his real estate assets. Kushner, who recently stepped down as head of Kushner Companies, has so far declined to provide a comprehensive list of what he will and will not keep. But a […]

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 […]

Lutnick’s BGC Partners plans IPO for Newmark

Howard Lutnick’s BGC Partners, the parent company of Newmark Grubb Knight Frank, took the first step Thursday toward spinning the brokerage off into a separate company through an initial public offering. The company issued a statement Thursday saying it had confidentially submitted a draft registration statement relating to the IPO with the Securities and Exchange […]

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 […]

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 […]