Patrick Clark

New York

Reporter at Bloomberg News

Reporter @business covering housing, hotels, assorted real estate. Views my own pclark55 at bloomberg dot net

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Articles

NYC’s $4.4 Billion Casino Battle Now Lies With Gambling Skeptics (1)

19 hours ago | news.bloomberglaw.com | Christopher Palmeri |Nacha Cattan |Laura Nahmias |Patrick Clark

Vicki Been, the chair of New York’s Gaming Facility Location Board, says she’s never been to a casino. “That’s nowhere I want to spend my time,” said Been, a former deputy mayor for housing and economic development for New York City. She now leads the board that will decide which three of eight high-profile bidders — Mets owner Steve Cohen and MGM Resorts International among them — will win a license to operate a casino in downstate New York. The initial bids are due Friday.
NYC's $4.4 Billion Casino Battle Now Lies With Gambling Skeptics

23 hours ago | bloomberg.com | Christopher Palmeri |Nacha Cattan |Laura Nahmias |Patrick Clark |Natalie Wong

Casino backers are seeking to change New York's skyline with the potential projects. (Bloomberg) -- But the downstate process has proven more tedious than the upstate. One major hurdle for the New York City area projects is the requirement that a community advisory committee consisting of state and local officials approve the projects. Those boards will be a key part of the process, convening to vote and hold public hearings for the projects.
Compass Sues Zillow as Fight Over Home Listings Heats Up (1)

4 days ago | news.bloomberglaw.com | Jennifer Epstein |Patrick Clark

Residential real estate brokerage Compass Inc. sued Zillow Group Inc., alleging that the home-search website is using “anticompetitive tactics” with its plan to restrict certain listings. Compass alleges that Zillow “has retaliated against competitive threats by enacting an exclusionary policy” by banning listings that have been publicly marketed elsewhere first, according to the lawsuit filed Monday in federal court in Manhattan.
'American Idol' alum, TikTok 'Coffee girl' launches coffee shop in Illinois

4 days ago | ourquadcities.com | Patrick Clark |Russell Falcon

Editor’s note: This story has been updated to correct an error. WATERLOO, Ill. (KTVI) — A country singer who captured stardom for her viral videos of making coffee has opened her first coffee shop in the St. Louis, Missouri, area. Alexandra Kay began growing in popularity on her TikTok account @alexandrakaymusic, where she would film herself making a cup of coffee while she sang to famous tunes.
Compass Sues Zillow as Fight Over Home Listings Heats Up

4 days ago | bloomberg.com | Jennifer Epstein |Patrick Clark

A Compass office in San Francisco, California. (Bloomberg) -- Residential real estate brokerage Compass Inc. sued Zillow Group Inc., alleging that the home-search website is using “anticompetitive tactics” with its plan to restrict certain listings. Compass alleges that Zillow “has retaliated against competitive threats by enacting an exclusionary policy” by banning listings that have been publicly marketed elsewhere first, according to the lawsuit filed Monday in federal court in Manhattan.
Secret Real Estate Listings Ignite Fight Over How Homes Are Sold

1 week ago | news.bloombergtax.com | Paulina Cachero |Jennifer Epstein |Patrick Clark

Perched atop San Francisco’s northern hills, Pacific Heights is a bastion of old money, new fortunes and off-market home sales. Here, discretion in real estate isn’t just expected, it’s required. Butch Haze would know: Real estate is the family business. His late mother was a top Sotheby’s agent. Today, he’s one of the founding agents of Compass Inc.’s San Francisco business and runs a team that ranks among the top 100 across all firms nationwide.
Compass' Private Home Listings Roil Zillow, Rival Real Estate Brokerages

1 week ago | bloomberg.com | Paulina Cachero |Jennifer Epstein |Patrick Clark

Perched atop San Francisco’s northern hills, Pacific Heights is a bastion of old money, new fortunes and off-market home sales. Here, discretion in real estate isn’t just expected, it’s required. Butch Haze would know: Real estate is the family business. His late mother was a top Sotheby’s agent. Today, he’s one of the founding agents of Compass Inc.’s San Francisco business and runs a team that ranks among the top 100 across all firms nationwide.
Secret Real Estate Listings Ignite Fight Over How Homes Are Sold

1 week ago | news.bloomberglaw.com | Paulina Cachero |Jennifer Epstein |Patrick Clark

Perched atop San Francisco’s northern hills, Pacific Heights is a bastion of old money, new fortunes and off-market home sales. Here, discretion in real estate isn’t just expected, it’s required. Butch Haze would know: Real estate is the family business. His late mother was a top Sotheby’s agent. Today, he’s one of the founding agents of Compass Inc.’s San Francisco business and runs a team that ranks among the top 100 across all firms nationwide.
Starwood REIT Begins to Scale Back Its Steep Withdrawal Limits

2 weeks ago | bloomberg.com | Patrick Clark

(Bloomberg) -- A real estate fund managed by Barry Sternlicht’s Starwood Capital is slowly lifting a cap on redemptions more than a year after it severely limited investors’ ability to retrieve capital. Beginning this month, Starwood Real Estate Income Trust, or SREIT, will limit share repurchases to 0.5% of the fund’s net asset value, according to a filing Monday. The fund will also increase quarterly redemptions to 1.5% of NAV in July.
STL restaurants reopen after tornado damage

3 weeks ago | yahoo.com | Patrick Clark

ST. LOUIS – Esca is one of the three popular restaurants in the Central West End that were struck by the tornado on May 16. Today, they were back open for business. “(It) felt like a train coming toward you,” said Ben Poremba, chef & owner of Bengelina Hospitality Group. “When we came up, we were startled. This room we’re in was covered in debris and glass. The same for the patio.