Breaking down Compass’ industry-shaking deal for @properties
Chicago-grown brokerage takes 44M shares as resi giant eyes international, affiliate expansion
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Magazine
National
At the pleasure of the president: Real estate appointees planning to serve under Donald Trump
Trump 2.0 has tapped Steve Witkoff, Howard Lutnick, Charles Kushner and Scott Turner
Politics
New York
New York City Council passes measure to create 80K homes
Approval coincides with $5B commitment for housing, infrastructure
Commercial
New York
Moshe Silber banned from real estate
Feds say investor violated terms of release while awaiting sentencing for mortgage fraud
Residential
Los Angeles
Report pulls Jason Oppenheim into Douglas Elliman lawsuit
Brokerage’s complaint points to unnamed “reality TV star” in kickback scheme
Residential
National
Rocket Mortgage fires back at appraisal bias suit
Lender sues HUD, alleging reputational harm from DOJ claims
Commercial
South Florida
Jeffrey Soffer’s firm seeks $1.2B refi for Fontainebleau Miami Beach resort
Capital stack would come from $975M CMBS sale, $225M mezz loan
Commercial
New York
Starwood grills “broke” Joel Schreiber about private jets, exorbitant wedding
WeWork’s first investor could be jailed for failing to hand over documents
Magazine
New York
A closer look at the kingpins of Kings Point
In a wealthy Great Neck, New York neighborhood, a tight-knit group of Persian Jewish real estate bigwigs live, work and worship
Dec 9, 2024
Hedge funder’s 220 CPS condo snags Manhattan’s top contract
Unit 55B, the supertall’s first resale in 2021, last asked $38M
Dec 9, 2024
City of Yes vote emboldens City Council challenger in Manhattan
Jess Coleman announces bid for Council member Chris Marte’s seat
Dec 9, 2024
Victor Sigoura files plans for West Chelsea site
Legion Investment Group eyes 75 units on undeveloped waterfront parcel
Dec 7, 2024
The Daily Dirt: Carpenters’ union advances bid to govern itself
Union has been under court supervision for 30 years
Dec 9, 2024
Silverstein bags big grocer lease at River Place
Lincoln Market takes 36K sf in Hell’s Kitchen
Dec 9, 2024
Former Bushwick HQ of Black supremacist cult asks $15M amid legal battle
Daughter of jailed Nuwaubian Nation founder questions ownership in lawsuit
Dec 9, 2024
Coconut Grove PH asking $25M and Progressive heir’s Miami Beach home top signed contracts report during Art Basel
Dollar volume rose, while the number of pending deals fell compared to the previous week
Dec 9, 2024
Lease roundup: OKO, Tao opening restaurant and lounge atop 830 Brickell
Also, Japanese restaurant Nami Nori will open its first outpost outside New York and New Jersey in the Miami Design District
Dec 9, 2024
Movers & Shakers: Whole Foods VP Brian Maloney joins Ram Realty
Plus: David Pulley jumps from Elliman to the Agency
Dec 9, 2024
The Weekly Dirt: Compass goes the Anywhere route as industry consolidation intensifies
Owner of largest Christie’s affiliate in Florida was “very much caught by surprise”
Dec 9, 2024
Palm Beach County condo sales dollar volume drops in November to $177M
Number of closings fell to 371 from 495 in October
Dec 7, 2024
The real estate industry’s guide to Art Basel
Notes from the Agency Art House on what to see and where to be seen during Miami Art Week
Dec 6, 2024
Report pulls Jason Oppenheim into Douglas Elliman lawsuit
Brokerage’s complaint points to unnamed “reality TV star” in kickback scheme
Dec 6, 2024
CBRE’s Laurie Lustig-Bower and Tim Bower to retire as a couple from brokerage
Sweetheart agents say goodbye to firm after decades of deals in LA’s commercial market
Dec 6, 2024
Home buying across SoCal increases, despite near record prices
Sales grew 10% in October from the previous month, while typical price rose 5% to $775K
Dec 6, 2024
1784 Holdings nabs $41M loan for self-storage facility in San Gabriel
REIT Extra Space Storage provides bridge loan for the five-story project
Dec 9, 2024
Orange County’s Caruso brokerage moves to Christie’s SoCal
Father-son team’s affiliation switch opens door to sell homes in faraway “ski towns”
Dec 9, 2024
Total Safety leases 53K sf industrial building in Harbor City
Houston equipment firm doubles SoCal footprint with $5.5M deal near Port of LA
Dec 6, 2024
Can San Francisco’s office woes turn the corner in 2025?
Chief economist says “the city is in a slow process of recovery”
Dec 5, 2024
Emerald Fund approved to turn former Oakland arts campus into homes
But developer puts project on pause until “the whole region’s economics change”
Dec 6, 2024
Eden Housing gives creekbed in Castro Valley to Indigenous land trust
3-acre donation comes after OK for controversial plan to build 72 affordable homes
Dec 6, 2024
The Trade Desk to replace private club in Downtown San Jose
Ventura ad tech firm leases full floor as Silicon Valley Capital Club shuts down
Dec 9, 2024
“Schizophrenic” year in Marin County looks up with Trump win
“Market didn’t improve until after election, but listings that “ticked all the boxes” sold fast
Dec 5, 2024
Michael Shvo reflects on owning “the most important building in San Francisco”
Developer discusses $1B investment in the Transamerica Pyramid
Dec 9, 2024
New head of CRE for JPMorgan Chase will be based in Chicago
Michelle Herrick rose to the top of the New York-based firm while sticking to her local roots
Dec 6, 2024
Hutensky takes on $68M debt to buy retail from Washington Prime
Connecticut-based buyer picks up Bloomingdale, Orland Park shopping centers from spinoff of mall giant Simon Property Group
Dec 6, 2024
Ruben Espinoza facing $35M loan trouble on Southwest Side
Sprawling industrial and office building in Brighton Park neighborhood is headed to special servicing as commercial tenant gets ready to exit lease and another fights to get deposit back
Dec 6, 2024
Landlord hands back keys to Mag Mile mall Shops at Northbridge
Alaska Permanent Fund’s deed-in-lieu of foreclosure indicates the retail asset’s value is well below its last refinancing of $375 million
Dec 9, 2024
Reworked TIF district could benefit $7B United Center redevelopment
Mayor Brandon Johnson wants to carve out the West Loop from a district in a move that could spur development the West Side
Dec 6, 2024
Chicago home-buying surged in November, beating last two years
Post-election relief, surrender to interest rates, warm weather were factors
Dec 9, 2024
Movers: Austin Real Estate Experts rebrands to ERA Experts in merger
Developer Matthews Southwest rebranded to Matthews
Dallas
Dec 4, 2024
DOJ drops RealPage antitrust case
Case closed as President-elect Trump is expected to de-emphasis antitrust enforcement
Dec 4, 2024
Texas affiliates “blindsided” by Compass’ @properties acquisition
Christie’s International Real Estate heads claim agents keep a leg up under big-box ownership
Houston
Dec 4, 2024
Estate last listed at $25M is most-expensive sale this year
Lori Krohn Sarofim sold River Oaks mansion after a few price cuts
Fort Worth
Dec 9, 2024
Centurion American puts 4,000 homes in pipeline north of Fort Worth
Alpha Ranch is in a municipal utility district, extricated from the city’s ETJ
Austin
Dec 6, 2024
Spec office building lands veterinary chain as headquarters tenant
Seamless Capital’s The Bouldin is in development amid high office vacancy, although the market is improving
Dec 6, 2024
Suburban hell: Biggest CMBS office loan in special servicing is $1.2B
Workspace Property Trust’s huge bet going bad
Dec 9, 2024
Rocket Mortgage fires back at appraisal bias suit
Lender sues HUD, alleging reputational harm from DOJ claims
Dec 8, 2024
Construction industry stockpiling building materials under looming tariffs
Hoarding poses possible boon for outdoor industrial storage
Dec 6, 2024
Are Tides principals’ debts now high enough to bankrupt them?
Principals may be personally liable for tens of millions of dollars
Phoenix
Dec 9, 2024
Phoenix and Tempe settle dispute, allowing up to 1,600 homes near airport
Cities had battled over whether to allow apartments on site once slated for NHL arena
Dec 7, 2024
DC brokers gearing up for local Trump boom
The developer-in-chief’s return could bring well-heeled buyers to town
Los Angeles
Dec 9, 2024
Orange County’s Caruso brokerage moves to Christie’s SoCal
Father-son team’s affiliation switch opens door to sell homes in faraway “ski towns”
South Florida
Dec 9, 2024
Coconut Grove PH asking $25M and Progressive heir’s Miami Beach home top signed contracts report during Art Basel
Dollar volume rose, while the number of pending deals fell compared to the previous week
New York
Dec 9, 2024
Hedge funder’s 220 CPS condo snags Manhattan’s top contract
Unit 55B, the supertall’s first resale in 2021, last asked $38M
Texas
Dec 9, 2024
Movers: Austin Real Estate Experts rebrands to ERA Experts in merger
Developer Matthews Southwest rebranded to Matthews
San Francisco
Dec 9, 2024
“Schizophrenic” year in Marin County looks up with Trump win
“Market didn’t improve until after election, but listings that “ticked all the boxes” sold fast
Los Angeles
Dec 9, 2024
Fullerton under the gun to approve state housing plan
Orange County city could lose state funding if it doesn’t certify a strategy to build 13,000 new homes by 2029.
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New York
Dec 9, 2024
Silverstein bags big grocer lease at River Place
Lincoln Market takes 36K sf in Hell’s Kitchen
South Florida
Dec 9, 2024
Lease roundup: OKO, Tao opening restaurant and lounge atop 830 Brickell
Also, Japanese restaurant Nami Nori will open its first outpost outside New York and New Jersey in the Miami Design District
Los Angeles
Dec 9, 2024
Total Safety leases 53K sf industrial building in Harbor City
Houston equipment firm doubles SoCal footprint with $5.5M deal near Port of LA
Texas
Dec 9, 2024
Movers: Austin Real Estate Experts rebrands to ERA Experts in merger
Developer Matthews Southwest rebranded to Matthews
South Florida
Dec 9, 2024
Movers & Shakers: Whole Foods VP Brian Maloney joins Ram Realty
Plus: David Pulley jumps from Elliman to the Agency
Chicago
Dec 9, 2024
New head of CRE for JPMorgan Chase will be based in Chicago
Michelle Herrick rose to the top of the New York-based firm while sticking to her local roots
Fort Worth
Dec 9, 2024
Centurion American puts 4,000 homes in pipeline north of Fort Worth
Alpha Ranch is in a municipal utility district, extricated from the city’s ETJ
New York
Dec 9, 2024
Victor Sigoura files plans for West Chelsea site
Legion Investment Group eyes 75 units on undeveloped waterfront parcel
Phoenix
Dec 9, 2024
Phoenix and Tempe settle dispute, allowing up to 1,600 homes near airport
Cities had battled over whether to allow apartments on site once slated for NHL arena
National
Dec 8, 2024
Construction industry stockpiling building materials under looming tariffs
Hoarding poses possible boon for outdoor industrial storage
South Florida
Dec 7, 2024
The real estate industry’s guide to Art Basel
Notes from the Agency Art House on what to see and where to be seen during Miami Art Week
Houston
Dec 6, 2024
Pagewood starts second spec logistics hub amid increasing demand
Purchased 32 acres in Northwest Houston; scored financing from Voya Financial