Newmark's Kay Davis Being Sued By Prominent Client For Must-Take Clauses

Patricia Mendoza, who rents half of a duplex in Imperial Beach, California, and who has been unemployed and largely without income since March, hasn't been evicted yet. But the fear of eviction looms large in her life, despite whatever local or state safeguards are in place. 

Until March, Mendoza said she had never missed paying her rent of $1,500 a month, even though her monthly income of about $2K always made it difficult to pay for everything else for her and her two daughters, aged 17 and 10. Even so, she said they managed to make ends meet.

"I will pay if I have the money, but I don't have any," Mendoza said. "If we lose this place, my daughters and I don't have anywhere to go."

Read the full story here.

In Case You Missed It...

This series delves into the myriad ways people enter the commercial real estate industry and what contributes to their success.

There are unconventional routes into the property industry, and then there is Rokstone founder Becky Fatemi.

Today she runs the only all-female brokerage operating in the rarefied air of the prime central London luxury residential market, which has sold homes worth up to £55M and rented properties for £1M a year. 

She got her start in the industry after persuading the managing director of leading brokerage Foxtons to give her a job — while selling him advertising space. After beating company sales records, she struck out and started her own business.

Read the full story here.