Months after LuxUrban Hotels’ chaotic bankruptcy left guests stranded on the streets of New York City, the company’s founder and former CEO is now also bankrupt.

The streaming giant agreed to pay the entire production crew of the pair’s new movie a bonus if the film performs well on the service.

The amounts of money, time and political uncertainty trouble executives at large Western oil companies, who plan to meet with President Trump on Friday.

Data on the labor market in December will be closely watched for clues on the state of the economy.

Nicolai Tangen wanted to raise the profile of Norway’s $2.1 trillion oil fund and change corporate behavior, but he may have helped embroil it in a geopolitical tangle.

William Galloway Jr.’s properties in downtown Altadena, California, tell two stories: one of good luck, one of bad.
The retail buildings sit side by side on Lake Avenue, the small commercial corridor overtaken by the Eaton fire one year ago this week. 
One property houses bustling businesses within its white-bricked walls, including a small but busy restaurant, an antique shop and a clothing store. It escaped the blaze without damage, and all of the pre-fire tenants reopened by November.
The other is a husk of its former self. Charred and roofless, it is adorned with the remains of overhead light fixtures, now twisted…

The move, a bid to make homes more affordable, would be a back-to-future moment for the two mortgage firms. Buying risky mortgage bonds helped push them to near-bankruptcy in 2008.

Three of New York’s biggest real estate players are locked in a legal fight over a UCC sale tied to Worldwide Plaza. Owners SL Green and RXR are asking a New York judge to stop what they call a “sham auction” by an entity tied to Gary Barnett’s Extell Development that aims to wrest control of the debt on the 1.8-million-square-foot office tower at 825 Eighth Avenue.  In a lawsuit filed Wednesday in Manhattan Supreme Court, the landlords accused Barnett of engineering a rigged UCC foreclosure to seize control of the ongoing restructuring of the $940 million CMBS senior mortgage […]

This article originally appeared on The Real Deal. Click here to read the full story.

In the aftermath of the passage of the 2019 rent laws, some prominent real estate leaders still didn’t know the name of a person key to orchestrating what one landlord referred to as a “horror show.” “Why don’t they know who I am? Ego and confidence,” Cea Weaver told The Real Deal a few months after the Housing Stability and Tenant Protection Act became law.  Of course, Weaver is no longer a stranger to the industry.  The renter activist was one of Mayor Zohran Mamdani’s first appointments after he was sworn in as mayor, naming her as the director of […]

This article originally appeared on The Real Deal. Click here to read the full story.

Polymarket users bet on whether the U.S. would invade Venezuela, but the prediction market said the Venezuelan president’s capture did not constitute an invasion.