New York City Council passes measure to create 80K homes
Approval coincides with $5B commitment for housing, infrastructure
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Commercial
New York
TYKO provides $280M loan for Vanbarton’s 77 Water conversion
Adi Chugh’s firm continues to write big construction loans
Commercial
New York
Lender files to foreclose on Aby Rosen’s 17 State Street
RFR allegedly defaulted on $180M loan over summer
Residential
Los Angeles
Aaron Kirman stresses independence after Compass acquisition
Brands and businesses are distinct, Christie’s International Real Estate SoCal CEO says
Residential
Texas
Texas affiliates “blindsided” by Compass’ @properties acquisition
Christie’s International Real Estate heads claim agents keep a leg up under big-box ownership
Commercial
New York
Lenders initiate foreclosure of RXR’s iconic Helmsley Building
Scott Rechler’s firm defaulted on $670M last year
Commercial
Tri-State
American Dream owners trying to claw back $183M
Don Ghermezian’s Triple Five Group claims East Rutherford is taking too much
Magazine
New York
Does NYC actually have a housing shortage, or just a lack of good inventory?
The numbers reveal that it’s complicated
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 6, 2024
Moshe Silber banned from real estate
Feds say investor violated terms of release while awaiting sentencing for mortgage fraud
Dec 6, 2024
Here are the priciest Brooklyn and Queens condo filings of 2024
Top 10 projects target $1.4B, up from last year’s $1.1B
Dec 5, 2024
New York City Council passes measure to create 80K homes
Approval coincides with $5B commitment for housing, infrastructure
Dec 6, 2024
The Daily Dirt: Why it’s hard to track rent-stabilized bankruptcies
Distress sales seem to be increasing in NYC, but the data is scarce
Dec 5, 2024
L&L lands Brooks Brothers at 195 Broadway
Clothing retailer taking 10K sf in FiDi for third Manhattan location
Tri-State
Dec 5, 2024
Southampton stepping in to purchase restaurant, faux castle
Owners of Casa Basso in Westhampton listed property three years ago
Dec 5, 2024
Asi Cymbal wins approval for first phase of $1.5B project with 1,200-plus residential units and hotel near downtown Fort Lauderdale
Developer plans to break ground next year on a 26-story apartment building and a 37-story condo tower
Dec 5, 2024
Ten30 condo association sues Shoma for alleged construction defects
Lawsuit alleges Coral Gables developer is responsible for extensive defects and damages at South Beach luxury project
Dec 5, 2024
More woes for CGI Merchant: Raoul Thomas’ firm hit with $49M UCC foreclosure on Coral Gables offices
Company lost Washington DC and downtown Miami hotels to lenders this year, and faces South Beach property auction this month
Dec 5, 2024
Harvey Hernandez taps One Sotheby’s to lead Fort Lauderdale condo sales after split with Cervera
Planned 40-story, 384-unit tower was about 20% presold when Cervera exited the project last month
Dec 6, 2024
Music producer sells Bears Club mansion in Jupiter for $15M, as market heats up
Gated golf community now has three listings over $30M
Dec 6, 2024
Miami-Dade condo sales drop to $426M in November, marking the slowest month so far this year
Number of closings fell to 568 from 681 in October
Dec 5, 2024
Bel-Air spec mansion with parking for 50-plus cars asks $40M
Newly built house comes with heated Toto toilets and a self-playing piano
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 5, 2024
Thrive expects 15% savings with modular apartments in Chinatown
Six-story project will target workforce and affordable housing tenants
Dec 5, 2024
Real estate investors scramble for gold in the Mojave Desert
Precious metal price of $2,630 per ounce lures buyers of defunct mines to Kern County
Dec 4, 2024
Bonanni scores $108M in financing for apartment complex in Stanton
Fixed-rate interest-only “recapitalization” marks developer’s second refi in OC
Dec 5, 2024
Michael Shvo reflects on owning “the most important building in San Francisco”
Developer discusses $1B investment in the Transamerica Pyramid
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 5, 2024
Snowflake subleases 773K sf in Menlo Park, largest Bay Area deal in years
Cloud computing firm will take four-building office campus leased to Meta
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
Is Wells Fargo poised to take an express stage out of San Francisco?
Bank will list its HQ and cut 54% of its SF footprint as executives work elsewhere
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 5, 2024
Historic Schwinn factory could switch gears with Coca-Cola lease
Alex Najem was planning hotel for the Lake Street Lofts building in Fulton Market
Dec 5, 2024
Price cuts exceed $2M on Gold Coast mansion after years on market
Follows trend in Gold Coast, as sellers respond to market pressure
Dec 5, 2024
Nitti scales back Loeber Farm plan fewer homes, no rentals
Schaumburg residents shot down previous plan; builder now wants 122 for-sale houses
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 5, 2024
Batch Freight scoops River North office lease left open by GoHealth
Logistics technology firm relocating headquarters from the Near North Side
Dec 5, 2024
Blackstone lands $1B refi for student housing portfolio, a hot asset class
Deal will be used to refinance $810M in debt
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
Austin
Dec 5, 2024
D.A. Davidson loans $106M for Hill Country golf course community
Will finance infrastructure for Areté Collective, Wasatch Group’s Loraloma Estates
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
Dallas
Dec 6, 2024
Hoque Global under fire for stalled University Hills project
Developer wants $1.75 million more in subsidies, extended timeline for southern Dallas development
San Antonio
Dec 5, 2024
Senior living developer wanted for affordable housing project
The San Antonio Housing Trust plans a 90-unit rental project with 20 percent of units reserved for very low-income residents
Dec 2, 2024
Compass is acquiring @properties, Christie’s International Real Estate in $444M deal
Firm expected to pay $150M, 44M shares for affiliates, title and mortgage businesses
Atlanta
Dec 3, 2024
Is $400M too much for this 1960s office-to-resi conversion?
Invest Atlanta’s mixed-use ambitions for mid-century building come with big price
Nov 30, 2024
Charlie Kushner selected as ambassador to France
Family patriarch gets nod to post after being pardoned by president in 2020
Nov 27, 2024
Nightingale’s Elie Schwartz to face federal criminal charges
CEO accused of misappropriating $54M from crowdfunding investors has day in court
Dec 6, 2024
Tides’ Sean Kia and Ryan Andrade facing threat of bankruptcy
Principals may be personally liable for tens of millions of dollars
Nashville
Dec 5, 2024
Industrious slides into hotly anticipated Nashville Yards tower
Southwest Value Partners’ Pinnacle Tower expected to open in March
Los Angeles
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
South Florida
Dec 6, 2024
Music producer sells Bears Club mansion in Jupiter for $15M, as market heats up
Gated golf community now has three listings over $30M
South Florida
Dec 6, 2024
Miami-Dade condo sales drop to $426M in November, marking the slowest month so far this year
Number of closings fell to 568 from 681 in October
New York
Dec 6, 2024
Here are the priciest Brooklyn and Queens condo filings of 2024
Top 10 projects target $1.4B, up from last year’s $1.1B
Los Angeles
Dec 5, 2024
Bel-Air spec mansion with parking for 50-plus cars asks $40M
Newly built house comes with heated Toto toilets and a self-playing piano
Denver
Dec 5, 2024
Cantor Fitzgerald buys luxury apartments outside Denver for $93M
Kairoi Residential divests 315-unit complex in Brighton for $296K per unit
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Chicago
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
San Francisco
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”
National
Dec 6, 2024
Tides’ Sean Kia and Ryan Andrade facing threat of bankruptcy
Principals may be personally liable for tens of millions of dollars
Los Angeles
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
New York
Dec 6, 2024
The Daily Dirt: Why it’s hard to track rent-stabilized bankruptcies
Distress sales seem to be increasing in NYC, but the data is scarce
Chicago
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
San Francisco
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
Dallas
Dec 6, 2024
Hoque Global under fire for stalled University Hills project
Developer wants $1.75 million more in subsidies, extended timeline for southern Dallas development
San Antonio
Dec 5, 2024
Senior living developer wanted for affordable housing project
The San Antonio Housing Trust plans a 90-unit rental project with 20 percent of units reserved for very low-income residents
San Francisco
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”
Austin
Dec 5, 2024
D.A. Davidson loans $106M for Hill Country golf course community
Will finance infrastructure for Areté Collective, Wasatch Group’s Loraloma Estates
Chicago
Dec 5, 2024
Nitti scales back Loeber Farm plan fewer homes, no rentals
Schaumburg residents shot down previous plan; builder now wants 122 for-sale houses