Bob Knakal to join JLL as co-head of NYC investment sales: sources

Top commercial real estate broker Bob Knakal is joining JLL to head up New York City investment sales with current managing director Mo Beler, multiple sources told The Real Deal. Knakal’s contract with brokerage Cushman & Wakefield was terminated in June, leading to wide speculation as to where he would land. Sources had previously said he was[…]

Related Companies buys UES townhouse

One of New York City’s biggest developers and landlords scooped up an Upper East Side townhouse at 238 East 68th Street, records filed with the city Thursday show. Related Companies, which as of February was the city’s most active developer with 9 million square feet in the pipeline (thanks largely to Hudson Yards), paid $11.2[…]

Open for Business: China lifts limits on foreign investors in several economic sectors

Foreign investors can buy up more of the world’s second-largest economy after China updated a regulatory list that had capped investment across several industries. While a trade war brews with Trump White House, China has decided to make good on foreign investment reforms and will now allow foreigners to take more ownership in banks, brokerages[…]

Making six-figs in San Francisco? The government says you might be “low-income”

When high-salaried denizens of the Bay Area call themselves “poor” many people’s natural reaction is an eye roll. But with the cost of living reaching record heights in and around San Francisco, now even the government sympathizes with them. The Department of Housing and Urban Development will classify earners of up to $117,000 a year[…]