Billionaire tax battle escalates in California
Tech executives push back on a proposed wealth levy as San Francisco condo sales slump and a $2.3B project advances
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National
A closer look at the industrial owners selling to ICE
Deals with the agency can draw political pushback. Some are undeterred.
Commercial
New York
Mark Nussbaum turns on former “bro” Tzali Chopp over unpaid debt
New legal filings reveal wild text messages with nursing home entrepreneur over alleged $3M loan
Politics
New York
USIF Sues Fortress, L&L Over TSX Broadway
Fund claims developers wrongly handed keys to Goldman
Commercial
New York
Meet David Mitchell: The down-on-his-luck real estate guy Jeffrey Epstein kept close
Mitchell pitched the sex offender on obscure deals for the better part of a decade. Most of them didn’t work out for Epstein.
Residential
South Florida
Inside Jeff Greene’s delayed West Palm Beach project
Billionaire developer’s big vision for One West Palm is “moving at a fast pace”
Politics
Los Angeles
Bernie Sanders hits Mark Zuckerberg’s resi portfolio in push for “billionaire tax”
Vermont progressive headlines LA rally, calls level of wealth “grotesque” and threats of exodus “disgusting”
Commercial
Los Angeles
Relevant’s Grant King hands back keys to Hollywood hotel
Lender LCP acquires Dream Hollywood hotel via deed in lieu of foreclosure on $38M debt
Brand Studio
Form, function, and the art of restraint: Gaggenau’s Bauhaus-inspired Expressive series
Absolute beauty meets absolute function
Commercial
South Florida
Nick Mastroianni sells portion of Harbourside Place for $58M
Investment manager and health care tech firm Voloridge is the buyer
Gencom comes for NYC’s luxury hotel crown
Plus, Epstein’s developer associate & more of the week’s biggest real estate stories
Manhattan racks up ultra-rich renters
Luxury market strength pushes rent prices, UES new dev takes the crown & more in notes from a resi reporter
4 inconvenient facts about Mamdani’s model project
What could be wrong with deeply affordable housing in East Harlem?
NYC’s top deals: Madison Realty Capital’s Joshua Zegan scoops up $20M pad in Lenox Hill
TRD reports top transactions for Friday, Feb. 20, 2026
Mamdani revives NYC property tax promise
The mayor says a reform plan is weeks away, but Albany finger-pointing and past false starts loom large
Bronx housing project tests out ballot measure’s speedier approval process
Powerhouse Apartments are first to go through Elurp
Alonzo Mourning, HTG land $47M financing for affordable senior housing
Hollywood project will have monthly rents from $713 to $1,555
James Batmasian’s scaled-back Royal Palm Plaza Hotel project moves ahead
High construction costs shaved off a few hotel keys and a lot of parking spaces
Derek Jeter sells Coral Gables mansion for double his purchase price
Former Yankees shortstop is building a waterfront home nearby
Max Scherzer lists custom Jupiter home for $36M after Hobe Sound curveball
MLB pitcher and his wife bought Admiral’s Cove teardown for $15M
Proposal to nix Florida property taxes heads to Senate after House approval
Joint resolution mandates counties and cities cannot decrease funding for law enforcement and firefighters
Industrial heir sells lakefront Palm Beach home for $57M
Ambrose Monell is grandson of industrialist and early Carnegie Steel engineer of the same name
Videos
Next up, rent freeze? Mayor Mamdani names five new members to rent board #shorts
How real estate brokers scrambled to get inside the Epstein house
Is Robert Palmer selling LPT Realty to Compass CEO Robert Reffkin? | Coffee Talk
Landlord calls for NYC property owners to stop paying taxes
Waldorf Astoria hits market after eight-year condo conversion #shorts
Are the Chicago Bears moving to Indiana? #shrots
Wrong address? Sources say Mark Zuckerberg isn’t buying Jersey Mike’s founder’s home #shorts
Sam Altman’s OpenAI adds 223K sf to Seattle office footprint #shorts
Can the Malabar Residences move Billionaire's Row across Park Ave?
Does #Hollywood have to save itself? #shorts
Celebrity real estate update: The Beckhams, Floyd Mayweather & more #shorts
The Industry Dish with MaryAnne Gilmartin | Brand Studio
The Design Powering Miami’s Top Penthouses | Brand Studio
Recap: Week 2 of the Alexanders' trial
CEO Robert Reffkin has made Compass a megaforce. What's next? #shorts
Boca Raton is at war over a mega development | #shorts
Inside the Alexander brothers’ defense machine | #shorts
Sustainability meets style in Honolulu | Brand Studio
Richard A.C. Coles on how Jamie Dimon helped lead NYC’s comeback #shorts
The weather is cold, but the #Hamptons market is hot #shorts
Proposed billionaire tax “icing on cake” of resi headwinds in California
LA agents point to proposed tax on top of ULA, Hollywood contractions and insurance headaches as spurs for flight
Izek Shomof’s next office-to-resi target: Americana at Brand-adjacent building in Glendale
Developer pursuing conversion efforts from Long Beach to San Fernando Valley
Irvine locals raise big stink over Brookfield’s landfill-adjacent housing plans
City requires new Gateway Village residents to surrender right to sue trash site
Bernie Sanders hits Mark Zuckerberg’s resi portfolio in push for “billionaire tax”
Vermont progressive headlines LA rally, calls level of wealth “grotesque” and threats of exodus “disgusting”
Hsieh takes victory lap on billion-dollar mall sell-offs
Plus, inside One California Plaza operating expenses post-receivership and more Los Angeles commercial real estate news
LA County far behind housing production goals as shortage worsens
California lags in statewide building targets amid rising construction costs, prohibitive regulations
Chicago’s prominent Ozinga brothers split from siblings, file lawsuit targeting CEO Marty Ozinga
Concrete dynasty substantially involved in Windy City real estate is infighting five years after third-generation patriarch’s death
“How it ended up is disheartening”: Chicago developers accuse former partner of stealing dev site
Mike Reschke and Ted Koenig sued David Trandel, alleging he misappropriated $2M and diverted a Wisconsin plot to his own entity.
Chicago Plan Commission backs Fulton Market tower — over zoning chief’s objection
Domus won a rare DX-16 approval, opening door to Loop-scale density in hot corridor
Amalgamated Bank of Chicago heads to 101 North Wacker Drive
Move across downtown comes as its LaSalle Street tower building faces apartment conversion
CLK Properties locks in $115M refi on suburban Chicago condo deconversion
Greystone loan retires bridge debt at 918-unit Courtlands on the Park in Des Plaines
Go Bears: Indiana advances stadium plan to lure team across state line
House committee backed bond-financed authority, as Illinois effort stalls
Salvation Army Mission District property on market for $58M
Developers already circling 2-acre site after one week for sale
Party’s over: Wine, spirits producers close Bay Area facilities
US’ largest wine producer continues real estate downsizing
Bernie Sanders hits Mark Zuckerberg’s resi portfolio in push for “billionaire tax”
Vermont progressive headlines LA rally, calls level of wealth “grotesque” and threats of exodus “disgusting”
SF church site once proposed for housing heads to foreclosure
Forge Development defaulted on nearly $7M loan last year
Nokia-owned chipmaker buys San Jose manufacturing site for $27M
Company joins fellow manufacturer Nvidia in owning real estate in Silicon Valley
SF’s Union Square hums back to life with return of AT&T, The RealReal stores
Retailers set to reopen spaces shuttered in 2023
Dallas
Real Brokerage poaches 65 Dallas/Fort Worth agents from Fathom Realty
Departing team, led by Greg and Tiffany Bachman, maintained a four-year ranking as former brokerage’s top national team
BH Properties nabs five headquarter leases in first year of owning suburban Dallas office park
Occupancy at 375K sf R&D at Legacy now 72%
Austin
Wilson Capital puts North Austin multifamily dev site near Q2 Stadium on the market
Property is approved for 28-story apartment building, as developer focuses on suburban projects
Trademark’s $100M Lincoln Square redevelopment advances with $24M grant from Arlington
Project will include upgrades to infrastructure, facades, parking lots and entryways, demolishing a small portion of existing retail and potentially add a new office building
Dallas
Kushner buys Eastline Tower, marking major Dallas apartment trade
Convexity sold the 28-story high-rise adjacent to Southern Methodist University, marking one of the area’s largest single-property deals since 2022
Houston
Houston’s housing markets diverge
Homes in luxury neighborhoods appreciated last year while the overall median sale price fell
A closer look at the industrial owners selling to ICE
Deals with the agency can draw political pushback. Some are undeterred.
Thomas Pritzker steps down as Hyatt executive chairman amid Epstein fallout
Billionaire heir cites “terrible judgment” in maintaining ties
CMBS delinquencies hit record, lenders abandon “extend and pretend”
Office distress deepened with $25B in loans past maturity
Two witnesses, one Hamptons weekend: Inside the third week of Alexanders’ trial
Oren, Alon and Tal’s sex trafficking trial will resume Tuesday, Feb. 24
More details emerge on Trump’s single-family home investor ban
White House aiming to prohibit those with at least 100 properties
HUD targets immigration status in housing aid crackdown
Proposed rule would require proof of citizenship, raising eviction fears
Seoul luxury housing market to lead global price growth in 2026: Savills
Chinese high-end homes expected to continue two-year value tumble
Olympic glow fuels Milan’s luxury housing boom in Italy
Prices at records, penthouses rule, districts cash in ahead of Winter Games
Alphabet eyes 2.4M sf office expansion in Indian tech capital
OpenAI, Anthropic among US companies growing in South Asian country
Iran Supreme Leader’s son tied to global property web
Inside Mojtaba Khamenei’s overseas real estate empire as protests rage
Cyberattack crushes London housing market
Thousands of sales in jeopardy in Westminster, Chelsea, Kensington
Tokyo condo prices reach record high as supply shrinks, construction costs balloon
Broader market on upswing after 2024 decline in new condo prices
National
No more exits: The $77B "hard maturity" wall hitting CMBS
Total debt without extension options larger than in 2024, 2025
National
Data centers power REIT comeback after 2025 slump
Publicly traded REITs are up 9.2 percent year-to-date, outperforming the S&P 500, DJIA
National
Mortgage delinquencies tick up as affordability strains homeowners
MBA reports rise in loans 60 and 90+ days overdue
National
Buyers have the upper hand in every major metro — except one
Most major markets have tilted firmly in buyers’ favor in Q4
New York
NYC residential foreclosures climbed 8% in 2025
The Bronx recorded highest annual growth in new filings, per PropertyShark
Los Angeles
Focus on TRD Data: Priciest home sales in Mar Vista in 2025
New York
Manhattan racks up ultra-rich renters
Luxury market strength pushes rent prices, UES new dev takes the crown & more in notes from a resi reporter
New York
NYC’s top deals: Madison Realty Capital’s Joshua Zegan scoops up $20M pad in Lenox Hill
TRD reports top transactions for Friday, Feb. 20, 2026
South Florida
Industrial heir sells lakefront Palm Beach home for $57M
Ambrose Monell is grandson of industrialist and early Carnegie Steel engineer of the same name
Los Angeles
LA County far behind housing production goals as shortage worsens
California lags in statewide building targets amid rising construction costs, prohibitive regulations
Dallas
Real Brokerage poaches 65 Dallas/Fort Worth agents from Fathom Realty
Departing team, led by Greg and Tiffany Bachman, maintained a four-year ranking as former brokerage’s top national team
Los Angeles
Izek Shomof’s next office-to-resi target: Americana at Brand-adjacent building in Glendale
Developer pursuing conversion efforts from Long Beach to San Fernando Valley
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Los Angeles
Hsieh takes victory lap on billion-dollar mall sell-offs
Plus, inside One California Plaza operating expenses post-receivership and more Los Angeles commercial real estate news
New York
Gencom comes for NYC’s luxury hotel crown
Plus, Epstein’s developer associate & more of the week’s biggest real estate stories
New York
4 inconvenient facts about Mamdani’s model project
What could be wrong with deeply affordable housing in East Harlem?
New York
NYC’s top deals: Madison Realty Capital’s Joshua Zegan scoops up $20M pad in Lenox Hill
TRD reports top transactions for Friday, Feb. 20, 2026
Dallas
Kushner buys Eastline Tower, marking major Dallas apartment trade
Convexity sold the 28-story high-rise adjacent to Southern Methodist University, marking one of the area’s largest single-property deals since 2022
Chicago
Amalgamated Bank of Chicago heads to 101 North Wacker Drive
Move across downtown comes as its LaSalle Street tower building faces apartment conversion
South Florida
Alonzo Mourning, HTG land $47M financing for affordable senior housing
Hollywood project will have monthly rents from $713 to $1,555
Chicago
Chicago Plan Commission backs Fulton Market tower — over zoning chief’s objection
Domus won a rare DX-16 approval, opening door to Loop-scale density in hot corridor
South Florida
Continua, SP score $58M loan for North Miami apartments as rents fall
Developers started construction on 240-unit Urbania NoMi 6ave
Austin
Wilson Capital puts North Austin multifamily dev site near Q2 Stadium on the market
Property is approved for 28-story apartment building, as developer focuses on suburban projects
South Florida
James Batmasian’s scaled-back Royal Palm Plaza Hotel project moves ahead
High construction costs shaved off a few hotel keys and a lot of parking spaces
New York
Roosevelt Hotel gets a surprising new partner: the US government
Pakistan signs deal for cooperation on redevelopment, operation