Here’s the latest on the Alexander brothers’ criminal proceedings
Miami-Dade judge granted bail, but twins Oren and Alon will remain in custody before hearing with a federal judge on sex trafficking charges
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Commercial
Fort Worth
Massive real estate deals part of billionaire David Bonderman’s legacy
Won historic preservation cases in New York, Washington, D.C., early in career
Commercial
New York
Kushner tenants could score years of free rent after class action win
Landlord filed “fraudulent” TCOs to avoid safety requirements while collecting rent, tenants say
Politics
Houston
Tilman Fertitta could be Trump’s ambassador to Italy
Houston Rockets owner, Republican donor bought the luxury River Oaks District this year
Residential
National
DOJ tells Supreme Court it should be able to continue NAR investigation
Feds agreed to 2020 settlement for probe into Participation Rule, CCP
Magazine
South Florida
South Florida’s luxury spec market is bottlenecking
South Florida's high-end properties have never been hotter. Why aren't developers building?
Residential
Chicago
Michael Jordan’s North Shore mansion sold for $9.5M, at 36% below ask
Chicago Bulls legend takes significant price cut on North Shore Chicagoland property after 12 years on the market
Commercial
San Francisco
Apple wants $34B slashed from its Silicon Valley property tax bill
Cupertino firm has filed 1,400 appeals of its Santa Clara County assessments
Commercial
New York
Joe Sitt risking foreclosure on Lower East Side
Lender filed lawsuit alleging $2M loan default at commercial condo
Dec 13, 2024
Broker-fee ban could create “huge black market”
Landlords can use word-of-mouth listings to continue forcing tenants to pay
Tri-State
Dec 12, 2024
East Hampton bans megamansions
Cuts maximum house size in half, over objections from builders
Dec 13, 2024
Vibe in NYC is big retail leases: Gym takes top spot
Large deals in November include math museum, pickleball and child care
Dec 13, 2024
The Daily Dirt: Legal system fails tenants, too
Problem landlords, like problem renters, take advantage of feckless courts
Dec 13, 2024
Manocherian moves ahead with 148-unit project in Lenox Hill
Developer files demolition at site on First Avenue and 73rd Street
Tri-State
Dec 13, 2024
Billionaire finally finds buyer for unfinished Southampton estate
Swedish hedge fund manager Thomas Sandell offloads $50M parcel
Dec 13, 2024
Al Adelson, Morrisons launch sales for Berkeley condos in West Palm Beach
Prices at planned 25-story, 193-unit tower range from $2M to $10M
Dec 13, 2024
Midtown Miami developer Jon Samuel heads north, pays $28M for Broward Mall’s shuttered Sears store
It’s the second big box building sold by Seritage Growth Properties in less than two months
Dec 12, 2024
Miami Heat’s Jimmy Butler renting waterfront Miami Beach mansion for $70K/month
Butler sold his home near South Miami over the summer for $8.3M
Dec 12, 2024
K. Hovnanian taking over development of 100 single-family homes at Brian Tuttle’s Royal Palm project
Buyer says site traded for $19M, but seller says deal is valued at $23M
Dec 12, 2024
Plantation approves Related, BH mixed-use project
JV is planning complex with 512 apartments and townhomes, 25K sf of retail and 833 parking spaces
Dec 12, 2024
JSB Capital pays $69M for Dania Beach apartment complex, amid year-end rush on South Florida multifamily deals
Seller Stellar Communities completed the three-building development in 2022
Dec 12, 2024
Jamison-owned office building in Encino could head to receivership
Landlord defaulted on $21.5M CMBS loan tied to The Atrium
Dec 12, 2024
Hollywood historic Harry Warner estate hits market for $35M
Daphna Ziman lists her Beverly Hills project to restore glamour and history to show biz
Dec 12, 2024
Netflix debuts murder mystery series about LA real estate
Liz Feldman’s black comedy “No Good Deed” revolves around a home listing in Los Feliz
Dec 12, 2024
Amazon buys 195 acres approved for massive warehouse in Hesperia
Grading has begun on $162M plot as e-commerce giant resumes expansion
Dec 13, 2024
MW Investment looks to build 169 townhomes in Duarte
Three-story residences would rise on the campus of defunct arts school
Dec 12, 2024
Home repair costs rise 40% across California in five years
Material prices and construction wages push up expenses in step with national trend
Dec 12, 2024
Replay Destinations breaks records at Healdsburg condo project
Rarity of luxe condos in Sonoma County’s wine country adds to appeal
Dec 11, 2024
Bay Area’s biggest independent agency sued over “poaching campaign”
Red Oak Realty accuses Vanguard Properties of using trade secrets from merger talks
Dec 12, 2024
AI computing firm Lambda takes 20K sf in SF’s Financial District
San Jose startup already plans to expand into another floor next year
Dec 11, 2024
Brick & Timber Collective pays $33M for San Francisco office building
Public Policy Institute of California sells its headquarters in an all-cash deal
Dec 13, 2024
Nvidia keeps growing with 100K sf office lease in north San Jose
Full-building deal follows AI chipmaker buying its HQ campus in Santa Clara for $374M
Dec 12, 2024
San Jose cracks down on Z&L Properties for ditching historic church
Chinese developer was hit with liens after failing to pay $140K in fines
Dec 13, 2024
Chicago affordable housing firm at odds with Boston investor in new lawsuit
Chicago-based Evergreen Real Estate claims investor is stalling an agreed-upon buy out
Dec 12, 2024
Stag snags industrial for $74M as CBRE fund scores profit
Five-building portfolio in DuPage and Will counties trades; seller holds onto its largest asset in the area
Dec 12, 2024
Invesco extends at Jack Kim’s suburban office asset after sale pulled
Atlanta-based financial services firm inks long-term extension of 70K sf space in Downers Grove
Dec 11, 2024
Michael Jordan’s North Shore mansion sold for $9.5M, at 36% below ask
Chicago Bulls legend takes significant price cut on North Shore Chicagoland property after 12 years on the market
Dec 13, 2024
Cook County study reveals systemic flaws in commercial property taxes, urges reform
Report highlights inconsistent methodologies between the Cook County Assessor's Office and the Board of Review
Dec 12, 2024
Related Midwest’s quantum computing campus gets greenlight
128-acre redevelopment of U.S. Steel South Works on city’s South Side would initially provide 150 permanent jobs
Houston
Dec 13, 2024
Accesso Partners’ distressed Energy Corridor complex has buyer
Loan with $46.6M balance sent to special servicing after landlord failed to pay it off at maturity in August 2022
Austin
Dec 10, 2024
Trammell Crow Co selling downtown sail tower for $522M
Deal with Cousins Properties comes as full-building tenant Google looks to sublease
Dallas
Dec 12, 2024
McCourt, HN Capital to cast anchor development in Design District
40-acre Hi Line Square to bring shape western Dallas skyline
Fort Worth
Dec 11, 2024
Beall Investments betting $500M on city’s western sprawl
Residential, retail, industrial planned for 317 acres of ranchland near Willow Park
Houston
Dec 13, 2024
City Council could expand audits after alleged $8M TIRZ theft
Todd Edwards is accused of pilfering from the Midtown Redevelopment Authority
Dallas
Dec 12, 2024
Texas Legislature throws wrench in “Shingle Mountain” rezoning
City of Dallas delays haunt Floral Farms neighborhood; 2023 law gives industrial operators right to sue for damages if their uses are zoned out
Dec 12, 2024
VIDEO: Oren and Alon Alexander denied bond in Miami sexual assault charges
Disgraced broker, twin deemed flight risks one day after arrests by feds
Dec 11, 2024
Alexander brothers charged with running sex trafficking scheme
Feds say Oren, Tal and Alon orchestrated rape, attacks across 20 years, silenced victims
Dec 10, 2024
NAR settlement staved off bankruptcy, president says
Judge approved agreement in Sitzer/Burnett last month
Boston
Dec 11, 2024
Boston mayor’s plan to hike commercial property taxes killed
Bill aimed to rebalance obligations, spare homeowners
Dec 13, 2024
Macy’s ups next year’s property-sale target to $275M
Raised expectations come as Joe Sit pushes retailer to sell sites
Charlotte
Dec 13, 2024
M/I Homes buys 220 acres in hot residential market
Plans 184 homes near suburban downtown
Tri-State
Dec 13, 2024
Billionaire finally finds buyer for unfinished Southampton estate
Swedish hedge fund manager Thomas Sandell offloads $50M parcel
South Florida
Dec 13, 2024
Al Adelson, Morrisons launch sales for Berkeley condos in West Palm Beach
Prices at planned 25-story, 193-unit tower range from $2M to $10M
Los Angeles
Dec 12, 2024
Netflix debuts murder mystery series about LA real estate
Liz Feldman’s black comedy “No Good Deed” revolves around a home listing in Los Feliz
South Florida
Dec 12, 2024
Miami Heat’s Jimmy Butler renting waterfront Miami Beach mansion for $70K/month
Butler sold his home near South Miami over the summer for $8.3M
Denver
Dec 12, 2024
Shea Properties lands $4M tax credit for Denver office-home conversion
Four-story vacant building in upscale Southmoor Park will become 143 affordable homes
Los Angeles
Dec 12, 2024
Home repair costs rise 40% across California in five years
Material prices and construction wages push up expenses in step with national trend
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Chicago
Dec 13, 2024
Chicago affordable housing firm at odds with Boston investor in new lawsuit
Chicago-based Evergreen Real Estate claims investor is stalling an agreed-upon buy out
National
Dec 13, 2024
Macy’s ups next year’s property-sale target to $275M
Raised expectations come as Joe Sit pushes retailer to sell sites
San Francisco
Dec 13, 2024
Nvidia keeps growing with 100K sf office lease in north San Jose
Full-building deal follows AI chipmaker buying its HQ campus in Santa Clara for $374M
South Florida
Dec 13, 2024
Midtown Miami developer Jon Samuel heads north, pays $28M for Broward Mall’s shuttered Sears store
It’s the second big box building sold by Seritage Growth Properties in less than two months
Houston
Dec 13, 2024
Accesso Partners’ distressed Energy Corridor complex has buyer
Loan with $46.6M balance sent to special servicing after landlord failed to pay it off at maturity in August 2022
New York
Dec 13, 2024
The Daily Dirt: Legal system fails tenants, too
Problem landlords, like problem renters, take advantage of feckless courts
New York
Dec 13, 2024
Manocherian moves ahead with 148-unit project in Lenox Hill
Developer files demolition at site on First Avenue and 73rd Street
Charlotte
Dec 13, 2024
M/I Homes buys 220 acres in hot residential market
Plans 184 homes near suburban downtown
Los Angeles
Dec 13, 2024
MW Investment looks to build 169 townhomes in Duarte
Three-story residences would rise on the campus of defunct arts school
Chicago
Dec 12, 2024
Related Midwest’s quantum computing campus gets greenlight
128-acre redevelopment of U.S. Steel South Works on city’s South Side would initially provide 150 permanent jobs
Denver
Dec 12, 2024
Shea Properties lands $4M tax credit for Denver office-home conversion
Four-story vacant building in upscale Southmoor Park will become 143 affordable homes
Dallas
Dec 12, 2024
McCourt, HN Capital to cast anchor development in Design District
40-acre Hi Line Square to bring shape western Dallas skyline