More trouble for Boruch Drillman
Miami judge says mortgage fraudster owes $2M on unpaid note
Top stories
Get the latest
Real Estate news
Real Estate news
Headlines delivered weekly
Commercial
New York
SL Green refinances 100 Park, agrees to buy partner’s interest
Office landlord recently signed 220K sf lease at property
Politics
New York
City of Yes vote emboldens City Council challenger in Manhattan
Jess Coleman announces bid for Council member Chris Marte’s seat
Commercial
Houston
Ali Choudhri accused of squatting at Houston office building
National Bank of Kuwait first tried foreclosing on property in 2021
Magazine
South Florida
Florida's biggest HOA scam was a family affair
Spouses, an uncle, a cousin and other relatives have been tied to board members facing criminal charges
Commercial
National
Suburban hell: Biggest CMBS office loan in special servicing is $1.2B
Workspace Property Trust’s huge bet going bad
Commercial
Chicago
Bruce Stern served second dose of distress at suburban office campus
More than $32M in debt fell into default in Lombard as joint venture of Red River and Lincoln Property Co took hit
Commercial
South Florida
Jeffrey Soffer scores $550M refi for JW Marriott Miami Turnberry Resort & Spa
Financing provided by Goldman Sachs and J.P. Morgan, which also provided new $1.2B loan for Fontainebleau Miami Beach
Magazine
New York
Floyd “Money” Mayweather knocks out Manhattan — and goes back for more
An analysis of Floyd Mayweather Jr.’s real estate investment strategy
Dec 10, 2024
More trouble for Boruch Drillman
Miami judge says mortgage fraudster owes $2M on unpaid note
Dec 9, 2024
Suspect in CEO’s murder hails from real estate family
Luigi Mangione’s family owns Maryland golf resort, club, nursing homes
Dec 10, 2024
Flipped Brooklyn Heights townhouse scores top luxury contract
Boutique developer Eckstrom sought $15.5M for renovated home
Dec 10, 2024
The Daily Dirt: The “scramble” for J-51
City Council revives tax break for multifamily renovations, but is it worth using?
Dec 9, 2024
Silverstein bags big grocer lease at River Place
Lincoln Market takes 36K sf in Hell’s Kitchen
Dec 9, 2024
Victor Sigoura files plans for West Chelsea site
Legion Investment Group eyes 75 units on undeveloped waterfront parcel
Dec 9, 2024
Jeffrey Soffer scores $550M refi for JW Marriott Miami Turnberry Resort & Spa
Financing provided by Goldman Sachs and J.P. Morgan, which also provided new $1.2B loan for Fontainebleau Miami Beach
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 10, 2024
One Thousand Group pays $53M for dev site in Miami’s Edgewater
Former gas station site to become mixed-use branded condo tower
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 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
TriStar Realty gets go-ahead for medical-senior complex in Encino
Project combines three-story medical office building and five-story eldercare facility
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 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.
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
Report pulls Jason Oppenheim into Douglas Elliman lawsuit
Brokerage’s complaint points to unnamed “reality TV star” in kickback scheme
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 9, 2024
Home building in San Francisco dwindles to a 12-year low
Developers completed 1,200 units this year, while cranking up with more in the pipeline
Dec 9, 2024
Berkeley to encourage R&D development with new zoning
New rules cut red tape for small labs and allow moderate safety research across the city
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 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 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 10, 2024
LG Group’s office-to-resi redevelopment on shaky ground
Loan troubles of a pre-pandemic project show conversion pitfalls
Dec 9, 2024
Bruce Stern served second dose of distress at suburban office campus
More than $32M in debt fell into default in Lombard as joint venture of Red River and Lincoln Property Co took hit
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 9, 2024
Singerman scores deep discount on Skokie life-science asset
Seller American Landmark Properties already profited on $77M purchase price for five-building campus
Dec 9, 2024
JDI Realty drops $25M on hot senior housing market
Lake Zurich asset purchased with Wolcott Group
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 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
Austin
Dec 10, 2024
Elon Musk lands retail leases at Hyperloop Plaza
Cafe, medical office on tap at billionaire’s Bastrop base
San Antonio
Dec 9, 2024
Casey Development to helm civic center in Austonio megaregion
Hays County would pay for “Spring Trail Center” in San Marcos
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
Charlotte
Dec 9, 2024
Hackney pays $107 per sf for massive suburban retail center
Price is 82 percent markup to Sterling Organization’s 2003 purchase
Dec 9, 2024
EasyKnock suddenly shuts down
Proptech firm ran into controversy with sale-leaseback deals, and now its customers want answers
New York
Dec 10, 2024
Flipped Brooklyn Heights townhouse scores top luxury contract
Boutique developer Eckstrom sought $15.5M for renovated home
San Francisco
Dec 9, 2024
Home building in San Francisco dwindles to a 12-year low
Developers completed 1,200 units this year, while cranking up with more in the pipeline
National
Dec 9, 2024
EasyKnock suddenly shuts down
Proptech firm ran into controversy with sale-leaseback deals, and now its customers want answers
National
Dec 9, 2024
NAR-funded nonprofit favors Republican-aligned groups
American Property Owners Alliance spent $10M of $13M on organizations linked to conservative causes: NYT
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
Upcoming Events
South Florida Forum
Mana Wynwood
The Real Deal’s Podcast
Deconstruct
The Real Deal’s Joe Lovinger and Suzannah Cavanaugh break down the newest, biggest trends and concepts in real estate.
Austin
Dec 10, 2024
Elon Musk lands retail leases at Hyperloop Plaza
Cafe, medical office on tap at billionaire’s Bastrop base
Charlotte
Dec 9, 2024
Hackney pays $107 per sf for massive suburban retail center
Price is 82 percent markup to Sterling Organization’s 2003 purchase
Chicago
Dec 9, 2024
Singerman scores deep discount on Skokie life-science asset
Seller American Landmark Properties already profited on $77M purchase price for five-building campus
Los Angeles
Dec 9, 2024
TriStar Realty gets go-ahead for medical-senior complex in Encino
Project combines three-story medical office building and five-story eldercare facility
Chicago
Dec 9, 2024
JDI Realty drops $25M on hot senior housing market
Lake Zurich asset purchased with Wolcott Group
San Francisco
Dec 9, 2024
Berkeley to encourage R&D development with new zoning
New rules cut red tape for small labs and allow moderate safety research across the city
South Florida
Dec 10, 2024
One Thousand Group pays $53M for dev site in Miami’s Edgewater
Former gas station site to become mixed-use branded condo tower
San Antonio
Dec 9, 2024
Casey Development to helm civic center in Austonio megaregion
Hays County would pay for “Spring Trail Center” in San Marcos
Austin
Dec 9, 2024
Hotel conversion on tap for mass-timber apartment building
Elysian Real Estate Group bought the Juno from a San Francisco development startup
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