One of the biggest names in proptech investment is dealing with a major shakeup. Fifth Wall reduced headcount and pressed pause on active fundraising, Axios Pro reported. Chief executive officer Brendan Wallace confirmed the business decisions to the outlet. It wasn’t immediately clear how many employees were affected, though people familiar with the firm told the outlet the climate team was hit particularly hard. The company cited a familiar foe of the real estate industry for the cuts, pointing to high interest rates. The firm also pointed to climate policies under President Donald Trump’s administration. The federal government’s shift away […]

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The Financial District’s 140 Broadway is up for sale, with an asking price approaching $400 million. Union Investment, the asset-management arm of Germany’s second-largest bank DZ Bank Group, has put the 1.2 million-square-foot office tower across from Zuccotti Park up for sale, The Real Deal has learned. The 51-story skyscraper is 73 percent leased, anchored by roughly 190,000 square feet occupied by the law firm Brown Brothers Harriman, according to a marketing memo from Newmark. Union Investment spent $160 million over the past decade improving the building, including a renovation last year that updated the lobby and created a new […]

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A recently filed lawsuit claims the ratings assigned by A.I. screening software are similar to those of a credit agency and should be subject to the same laws.

Three executives of New York-based AION Partners have broken off to start their own investment firm focused on acquiring middle-market and workforce multifamily. 

Breaches of ethics in sports are almost as old as professional competitions. Here’s when they have affected the business — and when they haven’t.

In its bid to revolutionize the multifamily industry with artificial intelligence, EliseAI is obtaining traditional office space in Midtown Manhattan. The AI firm centered on housing and health care signed a lease for 109,000 square feet at the Chetrit Organization’s 401 Fifth Avenue, the Commercial Observer reported. EliseAI will occupy approximately half the building when it relocates from 33 East 33rd Street. The lease is for 10 years. Asking rent at the property is $80 per square foot, according to Newmark. The brokerage’s Brian Waterman, DavidWaterman and Alex Kesseler represented Chetrit in the lease. A JLL team including Evan Margolin, […]

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Healthy warehouse leasing volume converged with the breakneck pace of demand for new data centers to lift Prologis past analyst expectations in the fourth quarter. 

Luxury travelers can expect to pay more than they did last year, while budget travelers might get a break.

Facial recognition at security and immigration checkpoints and gates could ease airport hassles, even as the technology raises privacy concerns.

Program updates and new navigation tools help travelers negotiate the increasingly complicated universe of points.