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Another fall from grace: How power and privilege catches up to real estate power players

Industry heavyweights show out for TRD’s NYC Forum, Joel Schreiber and Starwood go another round, Compass narrows its losses and more national news from this week.

Another fall from grace: How power and privilege catches up to real estate power players

Ryan Serhant Takes Aim At Compass

Ryan Serhant to Compass: “It’s Barnes & Noble”

Celebrity broker targets brokerage giant at TRD’s NYC Forum & more in notes from a resi reporter

Prefab Home Companies Offer Relief to SoCal Fire Victims

Post-wildfires, shipping containers, 3D-printed homes provide temporary shelter

Pre-fab avoids “construction delays, cost overruns and quality issues”

Feds Add To Alexander Brothers’ Sex Trafficking Charges

Feds charge Alexander brothers with new counts of sex trafficking

Prosecutors add allegations Oren, Tal and Alon trafficked, drugged and raped women, including one who was a minor

Levav Properties Got Suspended From Chicago’s Section 8 Program

Shaya Wurzberger’s firm was suspended from Chicago’s Section 8 program

Landlord who made $100M splash in South Side multifamily market was reinstated in February

Real estate elite flock to TRD forum

Real estate elite flock to TRD forum

Big names, big ideas and some hot takes, plus high-profile developer arrested this week and other NYC real estate news

Mary Ann Tighe Predicts Good Times for Office Market

“I think that we’ve turned the corner”: Mary Ann Tighe predicts good times for office market

At TRD’s real estate forum, CRE heavyweights were bullish on NYC office

Commercial Property Distress: Rise in Deeds in Lieu of Foreclosure

One in three distressed borrowers handing back buildings, experts say

Rise in deeds-in-lieu of foreclosure brings "messy" cleanups, liabilities for banks

Compass Posts $51M Loss in Banner Quarter

Compass narrows losses amid surge in deals, mergers

Brokerage, bolstered by acquisitions, grew revenue and market share

SEC adds more charges against Silverback’s Josh Schuster

SEC adds more charges against Silverback’s Josh Schuster

Disgraced developed defrauded investors in Gramercy Park project, per new civil suit

Eleanora Srugo, Leonard Steinberg Debate Real Estate Reality TV

“It’s too fake, too often”: Steinberg, Srugo go head-to-head on reality TV

Shoes, sexualization and the industry’s antitrust settlement all came up during TRD’s NYC forum discussion

Developers Talk Tariffs, Tax Incentives at TRD’s NYC Forum

“No competitive product”: Developers talk tariffs, tax incentives, building in NYC

Jonathan Landau, Metro Loft’s Nathan Berman, MAG Partners’ MaryAnne Gilmartin speak at TRD’s NYC Forum

New York

Recap of Real Estate Issues in NY State Budget

Real estate’s winners and losers of NY’s state budget

Spending plan includes changes to condo conversions

Old Navy inks year’s largest retail lease, breathes new life into stagnant Herald Square

Old Navy inks NYC’s largest retail lease this year

Retailer to open 55k sf flagship in JEMB’s Herald Towers building

Safehold, Melohn Group refinance 32 Old Slip ground lease

Safehold, Melohn Group refinance 32 Old Slip ground lease

Goldman Sachs, Barclays, Morgan Stanley lend $167M for Lower Manhattan building

A&E’s Riverton Houses Sunk by Politics of Rent Stabilization

Hard lessons from Eisenberg’s Harlem deals

Rent stabilization politics kept A&E’s revenue from rising with costs

These are the Top Real Estate Issues in the NY State Budget

The Daily Dirt: Real estate takeaways in the state budget

Budget includes condo conversion rule changes

Amazon Paid $350M For RFR’s 522 Fifth Avenue

Price revealed: Amazon paid $350M for RFR’s 522 Fifth Ave, records show

RFR had paid $425M to acquire office and retail components

South Florida

Moderno and Gaia launch first phase of $300M single-family home fund for Miami’s urban core

Moderno and Gaia launch first phase of $300M single-family home fund for Miami’s urban core

They plan to buy about 400 houses and townhouses in first $150M phase, including some teardowns

Hollywood OKs Mixed-Use Development with 618 Apartments

Louis Birdman and partners win approval for mixed-use development with 618 apartments in Hollywood

They will clean a brownfield before developing project

Panattoni seizes Flagler Station offices in deed in lieu, pays $21M for nearby building

Panattoni seizes Miami-Dade offices in deed in lieu, pays $21M for nearby building

Both Miami-Dade County properties have high vacancies

Resi Roundup: Billionaire Li Ge Sells Fort Lauderdale Mansion

Resi roundup: Billionaire Li Ge sells Fort Lauderdale mansion

Deals spanned Miami Beach to North Palm Beach, ranged from $8.2M to $12.3M

Ryan Serhant on Owning Miami, Importance of Feeder Markets

The Weekly Dirt: Ryan Serhant talks “Owning Miami” and the importance of feeder markets

He says he’s piloting a private listings network in Florida

Related Urban seeks extension of a ground lease for Live Local project in Miami-Dade

Related Urban seeks extension of a ground lease for Live Local project in Miami-Dade

Developer would pay county $97M over life of 99-year term

Videos

Emmitt Smith on building more than just a football legacy | RealEstate Gala

Emmitt Smith on building more than just a football legacy | RealEstate Gala

Walk the Red Carpet with us, at StripMallGuy's 3rd Annual RealEstate Gala

Walk the Red Carpet with us, at StripMallGuy's 3rd Annual RealEstate Gala

Curing agents' healthcare woes | Brand Studio

Get your tickets now, for TRD's 2025 NYC Forum!

Get your tickets now, for TRD's 2025 NYC Forum!

In a battle for Arch, Jeff Simpson rants in court appearances, emails and deposition #shorts

In a battle for Arch, Jeff Simpson rants in court appearances, emails and deposition #shorts

How long can the #longmiami dream really last?

How long can the #longmiami dream really last?

Broker-fee ban could create "huge black market” | TRD News

Broker-fee ban could create "huge black market” | TRD News

Don't miss this keynote with Bilt Rewards' Ankur Jain — May 7th at our NYC TRD Forum!

Don't miss this keynote with Bilt Rewards' Ankur Jain — May 7th at our NYC TRD Forum!

Agents find their new home at the Flatiron office | Brand Studio

What makes an '"It" building sell? | TRD News

What makes an '"It" building sell? | TRD News

Will developer Rick Caruso get LA back on track?

Will developer Rick Caruso get LA back on track?

Inside TRD's April 2025 magazine: Rialto vs. Signature borrowers, Broward's investment boom & more

Inside TRD's April 2025 magazine: Rialto vs. Signature borrowers, Broward's investment boom & more

Why Life Time CEO nixed the company's entire sales team | Coffee Talk

Why Life Time CEO nixed the company's entire sales team | Coffee Talk

Turning up the heat on the private listing cold war

Turning up the heat on the private listing cold war

Conveying Your Value as a Buyer’s Agent | Brand Studio

Thriving in a Changing Marketplace | Brand Studio

How StreetEasy Champions NYC Buyer’s Agents | Brand Studio

Steven and Alex Witkoff to join TRD live on stage at our NYC Forum!

Steven and Alex Witkoff to join TRD live on stage at our NYC Forum!

Inside the largest office to resi conversion in the country, 25 Water Street

Inside the largest office to resi conversion in the country, 25 Water Street

NYC flip king David Werner's buying spree

NYC flip king David Werner's buying spree

Los Angeles

Prefab Home Companies Offer Relief to SoCal Fire Victims

Post-wildfires, shipping containers, 3D-printed homes provide temporary shelter

Pre-fab avoids “construction delays, cost overruns and quality issues”

Archer snack company leases 351K sf Dodger dog factory in Vernon

Archer snack company leases 351K sf Dodger dog factory in Vernon

Operation will take over historic plant run for nearly a century by Farmer John

Commercial Property Distress: Rise in Deeds in Lieu of Foreclosure

One in three distressed borrowers handing back buildings, experts say

Rise in deeds-in-lieu of foreclosure brings "messy" cleanups, liabilities for banks

LA County greenlights self-certification for Altadena rebuilding

LA County greenlights self-certification for Altadena rebuilding

Permit fees may be waived in unincorporated areas

Carolwood Estates Walks Into Clear Cooperation Policy Debate

Carolwood asks “why wouldn’t we” as brokerage launches private listings portal

Plus, the latest on wildfire rebuilding, a billionaire’s $110M purchase in Bel-Air and more LA real estate news

Irvine Company aims to transform golf course into village of 3K homes

Irvine Company aims to transform golf course into village of 3K homes

Proposed development in Irvine includes school funded by developer Donald Bren

Chicago

Levav Properties Got Suspended From Chicago’s Section 8 Program

Shaya Wurzberger’s firm was suspended from Chicago’s Section 8 program

Landlord who made $100M splash in South Side multifamily market was reinstated in February

Chicago developers tee up big plans for turbulent sites

Chicago developers tee up big plans for turbulent sites

Plus, lakefront reassessments shock the North Shore and JDL eyes Lincoln Yards takeover and more Chicago real estate news

Chicago Suburb Des Plaines Kills Senior Housing Project

Fire safety fears torch $50M affordable senior housing proposal

Des Plaines rejected project over emergency response burdens, aesthetics

$8.1M Home Sells in Lake Geneva

Another $8M sale indicates rising values on Lake Geneva

Lakefront home sold off-market in one of area’s priciest recent deals

Buyer of coffee baron’s historic Gold Coast home revealed

Buyer of coffee baron’s historic Gold Coast home revealed

Travel exec and wife paid $6.75 million in most-expensive home sale in years

$7M budget shortfall, looming HUD cuts beset Cook housing authority

$7M budget shortfall, looming HUD cuts beset Cook housing authority

“Troubled” agency closed voucher waitlist with 8,300 families five years ago

San Francisco

State Bank Issues $575 Million for UCSF Medical Building

UC San Francisco scores $575M from state bank for med building in Dogpatch

Block 2 would anchor a 2.6K-unit village at former Potrero Power Station

Santa Clara Targets Area by Levi’s Stadium for Urban Village

Santa Clara targets industrial area near Levi’s Stadium for urban village

Central to the project: Related California’s two towers

Veritas, Ivanhoe sell Bay Area apartments for $541M

Veritas, Ivanhoe sell Bay Area apartments for $541M

LA investor gets 76 apartment buildings with 1,700 units at 28% discount

AI boom fuels San Francisco rent surge, AvalonBay CEO claims

AI boom fuels San Francisco rent surge, AvalonBay CEO claims

City economist throws cold water on claim

Nvidia spends $123M for Santa Clara campus

Nvidia spends $123M for Santa Clara campus

Plus law firm lease in SF, $725M hotel debt in contract and more Bay Area news

Zscaler to expand into 301K sf of offices in Santa Clara

Zscaler subleases 301K sf of offices from Airbnb in Santa Clara

San Jose cybersecurity firm to expand into two six-story office buildings

Texas

Inside Bill Ackman’s Deal to Increase Stake at Howard Hughes

Behind Bill Ackman’s $900M deal to increase stake in Howard Hughes

Investor took to X to field questions about what’s next for the developer

Alamo Manhattan targets “left behind” Uptown site for apartments

Alamo Manhattan targets “left behind” Uptown site for apartments

Carlisle Street project would add 400 units across two high-rises in Dallas’ hottest neighborhood for development

Lawmakers want to hand Abbott power to restrict foreign buyers

Lawmakers want to hand Abbott power to restrict foreign buyers

House expanded proposal on nationality bans to give governor discretion

Hoque Global to Start Southern Dallas Construction Next Week

Hoque sets construction start date for University Hills

Subsidized mixed-use project on thin ice to meet deadlines

Company behind $800M Dallas spa plan lacks track record

Company behind $800M Dallas spa plan lacks track record

Plus, real estate-related election results, lawmakers’ foreign buyers ban and more Texas real estate news

Dallas Suburb Frisco Rejects $340 Million Arts Center

Frisco voters reject $340M performing arts center

Planned 2,800-seat hall was backed by school district, Broadway groups

National

Opendoor May Face Delisting With Stock Trading Under $1

Window may be closing on Opendoor as it faces delisting

iBuying operation has been trading below $1 since April 11

Moshe Silber’s Portfolio Heads To Auction

Big chunk of Moshe Silber’s sprawling portfolio heads to auction

Multifamily investor was sentenced to 30 months in prison for role in mortgage fraud scheme

Fannie execs will exit amid mortgage fraud scandal

More Fannie Mae departures as turmoil continues

Tal Alexander tries to call the shots from prison, Larry Silverstein drops his $3.7 billion federal funding bid for 2 WTC and more national news from this week

Robert Reffkin goes NAR activist investor

Robert Reffkin goes NAR activist investor

Compass exec publicly tangles with MLSs in campaign against CCP

Comcast Carving CEO’s Former Condo Into Hotel Suites

Comcast turning CEO’s former condo into hotel suites

Four Seasons Philadelphia set to add eight guest rooms

Construction Defects Reform Bill Aid to Affordable Housing

Colorado construction defects reform bill seen as key to affordable housing

New law reboots construction of condos

Residential

Ryan Serhant on Owning Miami, Importance of Feeder Markets

The Weekly Dirt: Ryan Serhant talks “Owning Miami” and the importance of feeder markets

He says he’s piloting a private listings network in Florida

Carolwood Estates Walks Into Clear Cooperation Policy Debate

Carolwood asks “why wouldn’t we” as brokerage launches private listings portal

Plus, the latest on wildfire rebuilding, a billionaire’s $110M purchase in Bel-Air and more LA real estate news

Santa Clara Targets Area by Levi’s Stadium for Urban Village

Santa Clara targets industrial area near Levi’s Stadium for urban village

Central to the project: Related California’s two towers

Veritas, Ivanhoe sell Bay Area apartments for $541M

Veritas, Ivanhoe sell Bay Area apartments for $541M

LA investor gets 76 apartment buildings with 1,700 units at 28% discount

$8.1M Home Sells in Lake Geneva

Another $8M sale indicates rising values on Lake Geneva

Lakefront home sold off-market in one of area’s priciest recent deals

Resi Roundup: Billionaire Li Ge Sells Fort Lauderdale Mansion

Resi roundup: Billionaire Li Ge sells Fort Lauderdale mansion

Deals spanned Miami Beach to North Palm Beach, ranged from $8.2M to $12.3M

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Commercial

Nvidia spends $123M for Santa Clara campus

Nvidia spends $123M for Santa Clara campus

Plus law firm lease in SF, $725M hotel debt in contract and more Bay Area news

Chicago developers tee up big plans for turbulent sites

Chicago developers tee up big plans for turbulent sites

Plus, lakefront reassessments shock the North Shore and JDL eyes Lincoln Yards takeover and more Chicago real estate news

Carolwood Estates Walks Into Clear Cooperation Policy Debate

Carolwood asks “why wouldn’t we” as brokerage launches private listings portal

Plus, the latest on wildfire rebuilding, a billionaire’s $110M purchase in Bel-Air and more LA real estate news

Company behind $800M Dallas spa plan lacks track record

Company behind $800M Dallas spa plan lacks track record

Plus, real estate-related election results, lawmakers’ foreign buyers ban and more Texas real estate news

Related Urban seeks extension of a ground lease for Live Local project in Miami-Dade

Related Urban seeks extension of a ground lease for Live Local project in Miami-Dade

Developer would pay county $97M over life of 99-year term

Archer snack company leases 351K sf Dodger dog factory in Vernon

Archer snack company leases 351K sf Dodger dog factory in Vernon

Operation will take over historic plant run for nearly a century by Farmer John

Development

Carolwood Estates Walks Into Clear Cooperation Policy Debate

Carolwood asks “why wouldn’t we” as brokerage launches private listings portal

Plus, the latest on wildfire rebuilding, a billionaire’s $110M purchase in Bel-Air and more LA real estate news

Comcast Carving CEO’s Former Condo Into Hotel Suites

Comcast turning CEO’s former condo into hotel suites

Four Seasons Philadelphia set to add eight guest rooms

Chicago Suburb Des Plaines Kills Senior Housing Project

Fire safety fears torch $50M affordable senior housing proposal

Des Plaines rejected project over emergency response burdens, aesthetics

Hollywood OKs Mixed-Use Development with 618 Apartments

Louis Birdman and partners win approval for mixed-use development with 618 apartments in Hollywood

They will clean a brownfield before developing project

Irvine Company aims to transform golf course into village of 3K homes

Irvine Company aims to transform golf course into village of 3K homes

Proposed development in Irvine includes school funded by developer Donald Bren

Builder pitches townhomes with buyer aid, free land in St. Pete

Builder pitches townhomes with buyer aid, free land in St. Pete

Ramos Development answered affordable housing RFP for city-owned property