Commercial

The Ritz-Carlton hotel in White Plains, New York, will temporarily shut down to undergo a "significant renovation" before reopening in 2021, ownership announced Thursday.

About 20 percent of hotels across the U.S. use commercial mortgage-backed securities loans, but many hoteliers have faced many obstacles in navigating relief and worry their business may not survive.

A 24-year-old real estate investment CEO won Tuesday’s Republican primary runoff for a western North Carolina congressional seat over President Donald Trump’s endorsed candidate for the nomination.

Amazon has signed a least for a 1-million-square-foot delivery station in New York City.

Facebook is eyeing a takeover of Neiman Marcus' Hudson Yards location in New York City, according to a report by fashion publication Women's Wear Daily. 

An estimated 25,000 shops could close permanently this year in the aftermath of stay-at-home orders that have forced businesses to remain closed for months amid the peak of the coronavirus pandemic, according to a new report published on Tuesday.

Lennar Corp. said it would reinstate its forecast for its 2020 fiscal year, describing the housing market as resilient in the face of an economic recession.

The evictions threaten to exacerbate a problem that has plagued people of color long before the pandemic.

AMC Theaters, 24 Hour Fitness and other major retailers are on the list of businesses that skipped rent in May.

Gap blamed the "profound effect" of the coronavirus pandemic for its decision to suspend rent payments.

Landry's CEO and Houston Rockets owner Tilman Fertitta warned a "commercial real estate bust" may be coming.

FOX Business' Stuart Varney during his latest "My Take” argues New York City will not be the same following the coronavirus.

The NBA allegedly never paid rent for its famous New York City store on Fifth Avenue in Manhattan.

SpaceX, which is planning its first astronaut launch Wednesday, has had a big impact on two small Texas communities.