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Nine Must Reads for the CRE Industry Today (Jan. 29, 2021) The New York Times looks at companies that are still opening hotels. The Real Deal examines what went wrong with the implosion of a real estate crowdfunding network. These are among today’s must reads from around the commercial real estate industry. Commercial Real Estate Brokers Talk Networking Tactics During COVID “Commercial Observer took a call from a broker one evening in mid-December. The broker didn’t have long to chat as he was going to a holiday event. ‘An in-person holiday event?’ we asked.” ( Commercial Ob...

(Photo illustration by The Real Deal) Almost everything has remained the same at 70 Pine Street — the oak floors, modern furnishings and colorful art — except for the short-term rental startup operating its 132 rooms. After six years in business, Lyric succumbed to shaky finances and a travel shutdown in July 2020. Now, the 66-story Lower Manhattan building is the New York City flagship for Mint House, a three-year-old startup that caters to business travelers.  Mint House is one of several short-term rental companies playing a game of musical chairs with its failed rivals. Startups su...

In our cover story this month, we explore whether the city can capitalize on its growth to eventually become a tech hub. Maybe even the next Silicon Valley?

Share via Shortlink Photo illustration of Rodrigo Niño, with Shorewood’s Larry Davis, 84 Williams Street and 331 Park Avenue South (Getty, Google Maps, iStock/Illustration by Alexis Manrodt for The Real Deal) Johanna Trujillo invested $20,000 in what seemed like a sure thing — a piece of Manhattan real estate. She and her mother bought into a co-working development with meditation rooms and views of Park Avenue South. That was the draw of Prodigy Network: It allowed regular people to make real estate investments that were usually accessible only to the rich and well connected. Tr...

Clockwise from top left: Stanley Chera, Sheldon Solow, Peter Hauspurg, Gerald Hines, Jerry Wolkoff, and Bianca Yankov In a year when so many lives were lost, real estate was not spared. The industry mourned both legendary figures and those who died too soon. But it was the death of Stanley Chera, the 77-year-old patriarch of Crown Acquisitions, that epitomized the year. The real estate titan had decamped New York City for Deal, New Jersey, early in the pandemic at the behest of his longtime friend, President Donald Trump. But on April 11, Chera died of complications from Covid-19. When Trump ...