LA ICE raids could chill already tight labor market for homebuilding
Plus, Hilton & Hyland struggles continue, Jon Grauman and Adam Rosenfeld launch Resident and more of this week’s LA resi news
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Commercial
Chicago
Competing lawsuits weigh on large South Side portfolio
Plus, NorthPoint makes massive industrial deal, Fern Hill courts investors for entitled South Loop development site and more Chicagoland real estate news this week
Politics
Chicago
Prison time for Michael Madigan, once Illinois’ most powerful politician
Slapped with seven years behind bars for leveraging public office to steer work to his real estate law firm
Residential
South Florida
Here’s the real picture of South Florida’s housing market
Declining sales, growing inventory of older units dragging down the region
Commercial
Chicago
NorthPoint drops $270M on suburban industrial as i-sales rev up
Sellers High Street Logistics Properties cashed in on portfolio in popular market
Commercial
Los Angeles
AG sues SoCal real estate family, claims landlord exploits tenants
Plus, Tesla-occupied property sells for $21M, Costco expands OC presence, and more SoCal commercial real estate news this week
Magazine
San Francisco
Optimistic developers commit to revitalizing one of California’s most challenged cities
In Oakland, one investor’s misery is another’s opportunity
Residential
Texas
Texas lawmakers pushed YIMBY policies in addressing housing shortage
Shortfall grew to 319,000 homes; new laws reined in local regulations
Commercial
New York
Ben Ashkenazy amasses $750M war chest for acquisitions
Real estate mogul eyes rare retail and hospitality after high-profile dust-ups
Jun 13, 2025
Not my rent board: NYC Mayoral contenders clash over housing
Cuomo calls for HPD overhaul
Jun 12, 2025
REBNY appeals FARE Act loss
Judge rejected group’s bid to halt the law
Jun 12, 2025
Ben Ashkenazy amasses $750M war chest for acquisitions
Real estate mogul eyes rare retail and hospitality after high-profile dust-ups
Tri-State
Jun 13, 2025
Ivanhoe Cambridge defaults at 85 Broad Street
Former Goldman Sachs HQ’s $359M loan transferred to special servicing
Jun 14, 2025
New York bans rent-setting software
State joins other cities in targeting algorithmic pricing
Jun 14, 2025
The Daily Dirt: NYC dominates in return-to-office
Activity has come back much more in New York and Miami than elsewhere
Jun 13, 2025
Here’s the real picture of South Florida’s housing market
Declining sales, growing inventory of older units dragging down the region
Jun 13, 2025
Argentine developers propose 25-story Goulds tower –– area’s tallest –– under Live Local Act
Applicants tie to Martin Racca and Pablo Buttice
Jun 13, 2025
Receiver sells alleged predatory lender’s Jupiter home after husband’s RICO sentencing
Lisa McElhone pleaded guilty last year to a tax fraud case that involved hiding millions with a false Florida residency
Jun 13, 2025
Lennar advances plan to build 50 townhouses in Wilton Manors
Homebuilder expects to price the three- and four-bedroom townhouses above $800K
Jun 14, 2025
CityPickle, partners break ground on Boca Raton luxury pickleball center
Group raised $20M for 25-court, 100k sf Boca Paddle by CityPickle
Jun 13, 2025
Realty Income sells West Palm car lot for $24M to Jon Samuel
Palm Beach County signed a lease to use property for public bus depot
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Developer Russell Galbut announces Crescent Seas, an oceanbound luxury condo project
#billionaire Orlando Bravo is battling an NYC developer over his $80 million #penthouse #news
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Prefab homes go fab at KBIS | Brand Studio
Payday comes early for agents, thanks to RLTYco | Brand Studio
Bel Air's "Starship Enterprise" heads to auction – again #belair #mansions #construction #fail
A map of the Mar-a-Lago-verse, Scott Turner's HUD & more | Inside the Mag
Jun 13, 2025
Uncommon Developers secures $150M loan for DTLA office tower
LA firm acquired the building from Brookfield for $210M
Jun 13, 2025
Train track-equipped LA mansion hits market at $20M
Walt Disney helped design unique Tarzana property feature
Jun 13, 2025
Frito-Lay ends manufacturing at famed Rancho Cucamonga plant after 55 years
Facility will continue warehouse, distribution operations
Jun 12, 2025
Hilton & Hyland’s landlord says it’s owed over $700K in back rent, late fees
LLC tied to LA fashion designer, Standard Oil Investment Group filed the lawsuit
Jun 12, 2025
SoCal real estate family discriminates, overcharges, deceives tenants: AG
Rob Bonta claims Swaranjit “Mike” Nijjar, other family subjected tenants to inhumane living conditions
Jun 12, 2025
57-unit affordable apartment building proposed in Del Rey
Culver Boulevard development would raze two buildings
Jun 12, 2025
NorthPoint drops $270M on suburban industrial as i-sales rev up
Sellers High Street Logistics Properties cashed in on portfolio in popular market
Jun 13, 2025
Prison time for Michael Madigan, once Illinois’ most powerful politician
Slapped with seven years behind bars for leveraging public office to steer work to his real estate law firm
Jun 13, 2025
Demo request triggers landmark status for 1870s Streeterville building
Erie Street Row’s owners wanted to sell, can’t afford repairs
Jun 12, 2025
Loop to lose another big office tenant to Fulton Market
Accounting firm finalizing deal in Thor Equities hotspot
Jun 13, 2025
Texas firm notches another Chicago multifamily purchase
Exposition Residential bought complex 97% leased amid strong rent growth in Midwestern cities, especially compared to the Sun Belt
Jun 13, 2025
Berger’s long-stalled Hawthorn Woods town center gets rolling
Village offered tax breaks for potential tenants in grocery-anchored development
Jun 13, 2025
Disgraced Caltrain employees get jail time for secret apartment scheme
Burlingame, Millbrae abodes went undetected for years
Jun 13, 2025
SF tech investor snaps up Clay Theatre, plans grand renovation
Neil Mehta to reopen historic Lower Pacific Heights venue after five years
Jun 13, 2025
San Jose hotel falls into default amid Bay Area lodging woes
Local hotel market has been plagued with defaults, foreclosures
Jun 12, 2025
Instacart doubles down on SF HQ with new 60K sf lease
Grocery delivery platform expanded to 107K sf footprint before pandemic
Jun 15, 2025
The surprising neighborhood that leads SF’s single-family-home sales
Plus Zillow to ban some private listings, Walmart expands in Sunnyvale and more Bay Area real estate news
Jun 12, 2025
San Jose City Council shoots down VCI tower proposal
NIMBYs complained about so-called “monstrosity” near Valley Fair mall
Houston
Jun 12, 2025
Hines offloads luxury Houston high-rise to Mexican investor
Hasta Capital borrowed $58.3M to buy downtown property built with incentives
Dallas
Jun 12, 2025
Thakkar family’s Allen development slapped with default lawsuit
Chicago-based Monroe Capital Management accused Saumil Thakkar of defaulting on $36M loan
Jun 13, 2025
Texas lawmakers pushed YIMBY policies in addressing housing shortage
Shortfall grew to 319,000 homes; new laws reined in local regulations
Dallas
Jun 12, 2025
Centurion American strikes “Golden Corridor” with another land buy
Mehrdad Moayedi’s firm picked up 1,100 acres in fast-growing Grayson County
Jun 14, 2025
Thakkar hits distress on $35M loan, Nitya secures $700M CMBS lifeline
Plus, Hines offloaded a luxury apartment tower; a progressive mayor was elected in San Antonio and more Texas real estate news
Houston
Jun 13, 2025
Nan & Co raises Forbes flag after Christie’s, Compass fallout
Houston luxury broker Nancy Almodovar said she was “blindsided” by Compass’ acquisition of @properties Christie’s International Real Estate
Jun 9, 2025
Tides Guys now owe Starwood $50M
Judgments fuel insolvency, bankruptcy rumors
Jun 10, 2025
Starwood REIT still struggling with redemption requests
Property fund facing $850M in attempted withdrawals from investors
Jun 8, 2025
What’s next for Douglas Elliman as agents depart and merger talks continue?
A look into real estate family dynasties, Brookfield nears a $400M deal for Manhattan office, Bill Pulte continues privatization push and more national real estate news from this week
Jun 3, 2025
Private credit rater deemed Moshe Silber’s Crown Holdings “investment-grade” weeks before default
Egan-Jones under fire, faces blacklist from major investment firms
Nashville
Jun 13, 2025
Vanderbilt seeks developers for Midtown innovation district
University’s mixed-use plans drew inspiration from projects like Cornell Tech in New York and Harvard’s Allston campus
Denver
Jun 13, 2025
Rams owner buys out Revesco for 100% ownership of Denver's River Mile
Stan Kroenke looks to transform water park into mixed-use development
San Francisco
Jun 15, 2025
The surprising neighborhood that leads SF’s single-family-home sales
Plus Zillow to ban some private listings, Walmart expands in Sunnyvale and more Bay Area real estate news
Houston
Jun 13, 2025
Nan & Co raises Forbes flag after Christie’s, Compass fallout
Houston luxury broker Nancy Almodovar said she was “blindsided” by Compass’ acquisition of @properties Christie’s International Real Estate
Texas
Jun 13, 2025
“Jam-packed” development clears NIMBY suit at Texas Supreme Court
Lillian Custom Homes developer George Salvador allowed to build smaller lots, more homes on deed-restricted land
South Florida
Jun 13, 2025
Receiver sells alleged predatory lender’s Jupiter home after husband’s RICO sentencing
Lisa McElhone pleaded guilty last year to a tax fraud case that involved hiding millions with a false Florida residency
Houston
Jun 13, 2025
$23M in home sales hit Houston’s prestigious Inverness Drive
Nan & Co.’s Nancy Almodovar was the listing agent on both
Los Angeles
Jun 13, 2025
Train track-equipped LA mansion hits market at $20M
Walt Disney helped design unique Tarzana property feature
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Texas
Jun 14, 2025
Thakkar hits distress on $35M loan, Nitya secures $700M CMBS lifeline
Plus, Hines offloaded a luxury apartment tower; a progressive mayor was elected in San Antonio and more Texas real estate news
Chicago
Jun 13, 2025
Texas firm notches another Chicago multifamily purchase
Exposition Residential bought complex 97% leased amid strong rent growth in Midwestern cities, especially compared to the Sun Belt
Austin
Jun 13, 2025
Meta’s Sixth and Guadalupe sublease finally gets a taker
Tech giant shed downtown space a year after huge pandemic-era commitment
Los Angeles
Jun 13, 2025
Uncommon Developers secures $150M loan for DTLA office tower
LA firm acquired the building from Brookfield for $210M
South Florida
Jun 13, 2025
Realty Income sells West Palm car lot for $24M to Jon Samuel
Palm Beach County signed a lease to use property for public bus depot
San Francisco
Jun 13, 2025
Disgraced Caltrain employees get jail time for secret apartment scheme
Burlingame, Millbrae abodes went undetected for years
Texas
Jun 14, 2025
Thakkar hits distress on $35M loan, Nitya secures $700M CMBS lifeline
Plus, Hines offloaded a luxury apartment tower; a progressive mayor was elected in San Antonio and more Texas real estate news
Nashville
Jun 13, 2025
Vanderbilt seeks developers for Midtown innovation district
University’s mixed-use plans drew inspiration from projects like Cornell Tech in New York and Harvard’s Allston campus
Chicago
Jun 13, 2025
Berger’s long-stalled Hawthorn Woods town center gets rolling
Village offered tax breaks for potential tenants in grocery-anchored development
South Florida
Jun 13, 2025
Argentine developers propose 25-story Goulds tower –– area’s tallest –– under Live Local Act
Applicants tie to Martin Racca and Pablo Buttice
South Florida
Jun 13, 2025
Lennar advances plan to build 50 townhouses in Wilton Manors
Homebuilder expects to price the three- and four-bedroom townhouses above $800K
Atlanta
Jun 12, 2025
Forsyth County fights for NHL franchise with $3B arena proposal
$350M public contribution contingent on league expansion to Atlanta metro