Floyd Mayweather Jr. sells waterfront Miami Beach mansion
Retired boxer is investing in apartments and office properties in New York, Chicago and New Jersey
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Commercial
New York
Another default stains RFR’s 285 Madison Avenue
Firm defaulted on mezz loan in February, then senior debt at maturity this month
Commercial
New York
SL Green finalizes extension of $740M loan on Times Square building
Debt on casino-bid tower recently shipped to special servicer
Commercial
Chicago
Feil’s $75M suburban Chicago mall loan back to special servicing
North Riverside Park Mall owner missed October maturity after $9M renovation
Commercial
San Francisco
Empty offices in Bay Area add up to $5.4B in lost revenue per year
San Francisco and Silicon Valley have nearly 67M sf of excess inventory
Politics
South Florida
Public corruption charges dropped against ex-Miami commissioner Alex Diaz de la Portilla and lobbyist William Riley
Prosecutors determined it would be hard to prove a “quid pro quo” conspiracy tied to ex-city official’s support of no-bid land deal with Centner Academy owners
Development
New York
Chetrit, Dushinsky partner on Upper East Side development
Rabsky’s East 72nd Street project marks entrance into NYC luxury condos
Commercial
New York
StripMallGuy is good at tweeting. Is he good at business?
Don Tepman says deals are pouring in thanks to social media brand
Commercial
New York
Nathan Berman’s Metro Loft faces default at 180 Water Street conversion
$265M senior mortgage, $100M mezz loan coming due on buzzy FiDi project
Nov 20, 2024
Extell plans 37-story Madison Avenue tower
Gary Barnett will demolish office building to erect 193K sf of residential
Tri-State
Nov 20, 2024
Shaya Prager responds as more lenders say he deceived them
Valley National Bank claims office buyer hid ownership, defaulted on $179M in loans
Nov 20, 2024
Bagel store calls Lloyd Goldman's eviction case half-baked
West Village shop in spat with landlord over long lines
Nov 20, 2024
Sam Chang sells again, this time in Chelsea
Private equity firm pays $60M for Holiday Inn Express, snags $51M loan
Nov 20, 2024
The Daily Dirt: City Council mulls more ADU changes
City of Yes doesn’t do enough on accessory dwelling units
Nov 19, 2024
Savanna buys Columbia Property Trust’s distressed 799 Broadway
Struggling office investor pays $255M in Blackstone-controlled sale
Nov 20, 2024
Public corruption charges dropped against ex-Miami commissioner Alex Diaz de la Portilla and lobbyist William Riley
Prosecutors determined it would be hard to prove a “quid pro quo” conspiracy tied to ex-city official’s support of no-bid land deal with Centner Academy owners
Nov 20, 2024
Floyd Mayweather Jr. sells waterfront Miami Beach mansion
Retired boxer is investing in apartments and office properties in New York, Chicago and New Jersey
Nov 20, 2024
Witkoff, Ari Pearl land $273M construction loan for Shell Bay in Hallandale Beach
Construction of Auberge-branded condo and hotel are underway
Nov 20, 2024
Tobin proposes 120-unit apartment building in Hollywood, amid record South Florida multifamily pipeline
Developers continue to bet on tri-county region, as nearly 24K units are expected to be completed this year
Nov 20, 2024
Giuseppe Iadisernia launches sales of Oasis Hallandale condos
Developer landed $85M construction loan for first tower in August
Nov 20, 2024
Palm Beach closing tops county’s weekly condo sales
Top 10 sales ranged from $735K to $12.5M
Nov 19, 2024
Branden and Rayni Williams “separate as a couple”
Beverly Hills Estates founders will continue in president and CEO roles at agency
Nov 19, 2024
Del Mar beach house asks $75M in market’s priciest listing
Newly built mansion sits on land previously untouched for almost 100 years
Nov 19, 2024
With Prop. 34, California landlords notch last victory against AHF
Results show 51% of voters support ending nonprofit’s flow of healthcare cash into politics
Nov 19, 2024
Economics points Buchanan Street to self-storage project in the IE
OC firm buys Upland site for redevelopment with eye on cost efficiency, inflation hedge
Nov 20, 2024
Cape Cod-style Palisades manse with $17M ask tops LA contracts
Luxury homes under contract in the county fell to $81M in post-election malaise
Nov 20, 2024
Hankey overcomes appeal against Koreatown apartment highrise
LA Planning Commission approves eight-story project despite objection from labor group
Nov 19, 2024
Loren Taylor to run for Oakland mayoral seat
Former councilman announces candidacy to replace the recalled Sheng Thao
Nov 18, 2024
AI pushes San Francisco to post-COVID high for large office leases
Report finds building demand for leases of 50,000 square feet or more
Nov 18, 2024
Tale of two cities: apartment rents rise in SF, fall in Oakland
Monthly payments increase 1% in SF with AI boom, decline 6% in Oakland’s building glut
Nov 15, 2024
Westbank and PG&E want to heat San Jose homes with data center power
Instead of wasting excess energy, developer plans to channel it into nearby residences
Nov 20, 2024
Foreign founders flock to SF’s AI hub, ignoring Trump’s immigration talk
“AI capital of the world” draws startups from Europe, Asia and the Americas
Nov 20, 2024
Gem and Flynn face foreclosure on two buildings in SF’s Union Square
Neighborhood’s retail optimism can’t stop office properties’ 76% drop in value since 2019
Nov 20, 2024
Feil’s $75M suburban Chicago mall loan back to special servicing
North Riverside Park Mall owner missed October maturity after $9M renovation
Nov 20, 2024
CBRE could shrink office footprint in move to Irvine Cos tower
Firm is in talks to relocate to 300 North LaSalle Street
Nov 20, 2024
Chicago Daily News building hits market amid Sam Zell’s liquidation
Iconic building was part of late real estate titan’s personal holdings
Nov 20, 2024
Suburban hotel redevelopment on shaky ground after bridge loan default
Owners defaulted on a $3.5M bridge loan for redevelopment of the property
Nov 19, 2024
Ultraluxury listing in North Shore takes price cut
Other eight-figure sellers holding out amid strong year for sales in the $4 million range
Nov 19, 2024
$80M film-scoring studio, music school wanted for stockyards
City of Chicago could sell historic building for $1.9M to Third Coast Music
Dallas
Nov 19, 2024
Oaktree makes Y’all Street play with launch of Formida Capital
Loans “higher up in the capital stack” will range from $5M to $75M
Dallas
Nov 19, 2024
Dallas-Fort Worth office vacancy ranks third after New York, Chicago
Trophy assets in certain neighborhoods still winning tenants
Dallas
Nov 15, 2024
Japanese firm takes stake in multifamily giant Alliance Residential
Trammell Crow alum Bruce Ward founded Alliance in 2000
Houston
Nov 18, 2024
Mavik Capital loans $172M for co-living tower construction to resume
X Company’s unfinished project in the Museum District has been stalled for a year after previous funding fell through
Dallas
Nov 20, 2024
Core Scientific to convert Bitcoin mining site to data center
Firm emerged from bankruptcy this year and is pivoting to AI technology
Houston
Nov 20, 2024
Bad bookkeeping alleged at Houston Housing Authority
Organization’s president and CEO, David Northern Jr., resigned following audit
Nov 19, 2024
Howard Lorber sells $1.8M of Douglas Elliman stock to new CEO
Firm’s stock price jumped to $2.28 after spending months at $1
Nov 19, 2024
Trump taps Lutnick, other industry vets for senior posts
Steve Witkoff chosen as Middle East envoy; Bill Pulte eyed for HUD
Nov 19, 2024
Homebuilder sentiment on the rise post election
Sales outlook exceeds two-year peak: NAHB
Seattle
Nov 19, 2024
Goodman sues Seattle over tenant rules that “destroyed” profitability
Landlord alleges legislation hurt its ability to operate an affordable apartment building
Phoenix
Nov 20, 2024
Techie Bradley Robertson sells 5-acre Paradise Valley lot for $13M
Cash deal with undisclosed buyer includes plans for 52K sf mansion by architect Bing Hu
Atlanta
Nov 20, 2024
Atlanta Beltline moves on $270M Bankhead mixed-use project
Affordable units planned among 1,100 apartments and townhomes
Los Angeles
Nov 20, 2024
Cape Cod-style Palisades manse with $17M ask tops LA contracts
Luxury homes under contract in the county fell to $81M in post-election malaise
South Florida
Nov 20, 2024
Giuseppe Iadisernia launches sales of Oasis Hallandale condos
Developer landed $85M construction loan for first tower in August
Phoenix
Nov 20, 2024
Techie Bradley Robertson sells 5-acre Paradise Valley lot for $13M
Cash deal with undisclosed buyer includes plans for 52K sf mansion by architect Bing Hu
Los Angeles
Nov 20, 2024
Hankey overcomes appeal against Koreatown apartment highrise
LA Planning Commission approves eight-story project despite objection from labor group
San Francisco
Nov 20, 2024
Sand Hill Property revises plan for retail village in San Jose
Developer cuts nearly 100 apartments and all affordable units from four-building project
South Florida
Nov 20, 2024
Palm Beach closing tops county’s weekly condo sales
Top 10 sales ranged from $735K to $12.5M
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Chicago
Nov 20, 2024
Chicago Daily News building hits market amid Sam Zell’s liquidation
Iconic building was part of late real estate titan’s personal holdings
San Francisco
Nov 20, 2024
Foreign founders flock to SF’s AI hub, ignoring Trump’s immigration talk
“AI capital of the world” draws startups from Europe, Asia and the Americas
Dallas
Nov 20, 2024
Japanese bank bucks flight-to-quality with renewal at ’80s office
VariSpace Las Colinas was built in 1983 and renovated in 2019
Chicago
Nov 20, 2024
CBRE could shrink office footprint in move to Irvine Cos tower
Firm is in talks to relocate to 300 North LaSalle Street
Tri-State
Nov 20, 2024
Shaya Prager responds as more lenders say he deceived them
Valley National Bank claims office buyer hid ownership, defaulted on $179M in loans
Chicago
Nov 20, 2024
Suburban hotel redevelopment on shaky ground after bridge loan default
Owners defaulted on a $3.5M bridge loan for redevelopment of the property
Dallas
Nov 20, 2024
Core Scientific to convert Bitcoin mining site to data center
Firm emerged from bankruptcy this year and is pivoting to AI technology
South Florida
Nov 20, 2024
Witkoff, Ari Pearl land $273M construction loan for Shell Bay in Hallandale Beach
Construction of Auberge-branded condo and hotel are underway
Dallas
Nov 20, 2024
Luxury rentals on tap for JCPenney HQ redevelopment
Capital Commercial Investments, Streetlights Residential cleared zoning hurdle for mixed-use redo
Atlanta
Nov 20, 2024
Atlanta Beltline moves on $270M Bankhead mixed-use project
Affordable units planned among 1,100 apartments and townhomes
South Florida
Nov 20, 2024
Tobin proposes 120-unit apartment building in Hollywood, amid record South Florida multifamily pipeline
Developers continue to bet on tri-county region, as nearly 24K units are expected to be completed this year
San Antonio
Nov 19, 2024
Hush-hush plans for Spurs arena, entertainment district see daylight
San Antonio City Council to discuss multibillion-dollar downtown plan for first time