National Cheat Sheet: SoftBank share prices sink, Sears files for bankruptcy … & more

SoftBank share prices sink as Saudi Arabia is implicated in Jamal Khashoggi’s death SoftBank Group’s shares saw their steepest price drop in two years this week after Turkey’s government claimed disappeared journalist Jamal Khashoggi was tortured, murdered and dismembered by Saudi Arabian authorities, Bloomberg reported. The country is “the biggest outside investor” in SoftBank’s $100[…]

Westchester & Fairfield Cheat Sheet: Residential sales hit 4-year low, but inventory’s up … & more

Residential sales hit 4-year low in Westchester County — but inventory’s up Residential sales in Westchester between July and September were lower than they have been for the past four years, LoHud reported. The county saw 3,022 sales in the third quarter of this year, down from 3,189 in the same quarter last year, according[…]

National Cheat Sheet: SoftBank mulls majority stake in WeWork, Sears hires bankruptcy advisers … & more

SoftBank could buy a majority stake in WeWork, according to a report SoftBank is considering buying a majority stake in WeWork, the Wall Street Journal reported. The Japanese firm could end up investing between $15 billion and $20 billion in the coworking behemoth if it does. Money for the investment would likely coming from its[…]

Westchester & Fairfield Cheat Sheet: Trumbull draws in new dev, theater-to-apartment conversion kicks off … & more

Fairfield commercial leasing activity shows ‘vote of confidence,’ Westchester activity ‘moderately’ improves Fairfield County’s leasing activity showed a “vote of confidence” for the area, according to a new report. Leasing in the county “reached its highest point since the end of 2016 — hitting 980,000 square feet of leasing activity,” according to CBRE’s third quarter Westchester/Fairfield[…]

National Cheat Sheet: Trump tax investigation launched, mall vacancies hit 7-year high … & more

New York launches investigation into Trump family finances after bombshell report The state of New York plans to investigate President Donald Trump and his family over allegations that they evaded taxes on hundreds of millions of dollars over the years, Bloomberg reported. The state’s Department of Taxation and Finance’s probe comes on the heels of[…]

Westchester & Fairfield Cheat Sheet: Developer plans multifamily conversion for White Plains YMCA … & more

Nashville-based developer plans multifamily conversion for White Plains YMCA In April, the YMCA of Central and Northern Westchester said it was planning to sell its building in White Plains. Now, Nashville-based developer Southern Land Company is in contract to purchase it, LoHud reported. The property on Mamaroneck Avenue was assessed at $27 million, according to[…]

National Cheat Sheet: Fed raises rates again, Tishman Speyer launches co-working brand & more

Fed raises interest rates for the third time this year The Federal Reserve on Wednesday hiked interest rates by a quarter percent — the third increase this year. The hike brought interest rates to between 2 and 2.5 percent, and lending rates for commercial and residential loans are expected to increase as a result. The[…]

Westchester & Fairfield Cheat Sheet: Plans for regional MLS announced, Mack-Cali sells off a pair of White Plains office buildings … & more

Hudson Gateway Multiple Listing Service and Long Island MLS announce merger The Multiple Listing Service of Long Island and the Hudson Gateway Multiple Listing Service announced plans to merge this week. The new MLS will encompass 40,000 real estate professionals, serving Nassau, Suffolk, Queens, Brooklyn, Manhattan, Bronx, and Westchester, Putnam, Rockland, Sullivan and Orange Counties, according[…]

National Cheat Sheet: Och-Ziff to launch $2B real estate fund … & more

Och-Ziff Capital Management Group’s $2B real estate fund will target opportunistic investments Och-Ziff Capital Management Group hopes to raise a $2 billion private equity fund that would target real estate, according to Bloomberg. This will be billionaire Daniel Och’s fourth fund targeting opportunistic investments and his firm’s largest real estate-targeted investment vehicle yet. “In the[…]

Westchester & Fairfield Cheat Sheet: Stamford multifamily building fetches $78M in city’s largest multifamily sale this year … & more

Stamford apartment building fetches $78M in city’s largest multifamily sale this year San Francisco-based Friedkin Realty Group purchased an apartment building in Stamford from Norwalk-based Fuller Development LLC and Spinnaker Real Estate Partners for $78 million — the largest multifamily sale in the city so far this year, The Hour reported. CBRE brokered the deal[…]