Equitable Life Insurance inks 130K sf lease for…

Equitable CEO Mark Pearson and Fisher Brothers’ CEO Ken Fisher with 1345 Avenue of the Americas (Google Maps) Equitable Life Insurance is moving its New York office by three blocks. The financial company will take…

Five reasons Andrew Cuomo is doomed

(Getty / Photo Illustration by Alison Bushor for The Real Deal) The governor was at the peak of his powers — a rising star in the Democratic Party and the most feared figure in the…

U.S. mall values fall 60% after appraisals

Many of the lower-tier malls that will be sold will likely be redeveloped into something else. (Getty) The suburban mall that you frequented as a teenager could now be worth substantially less than the dirt…

A year later, deferred rent may be restaurants’…

(iStock/Illustration by Kevin Rebong for The Real Deal) In an effort to survive the financial fallout of the coronavirus pandemic, thousands of New York City restaurateurs entered into a perilous agreement with their landlords: deferring…

Hotel stocks went bonkers in February

(Getty) Hotel investors can rest a little easier at night. Robust gains in February put share prices of publicly traded hotel companies back up to pre-Covid levels, a year after the pandemic sent valuations into…

NYC to revive $17B in public construction projects

Mayor Bill de Blasio (Getty, iStock) The city is planning to revive about $17 billion in municipal construction projects after the city stopped contracting projects at the start of the pandemic. Mayor Bill de Blasio…

Koch Industries goes all in on distressed properties

Charles Koch of Koch Industries and 2777 South Las Vegas Boulevard (Getty, iStock) UPDATED, March 2 2021, 5:05 p.m.: Koch Real Estate Investments, the property-focused arm of the billionaire conglomerate’s empire, has become one of…