Pfizer building inspector and subcontractor’s violations face scrutiny as probes proceed
MetroLoft vows 15-floor reconstruction in response to buckling incident
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Development
New York
“Freak accident”: Pfizer building developer denies risk of collapse
MetroLoft’s Nathan Berman tells TRD Midtown conversion’s buckled columns were likely due to added weight
Commercial
New York
Here’s a look at NYC’s major office-to-residential conversions
MetroLoft behind several top projects in Big Apple
Development
South Florida
Inside developer Michael Stern and his Italian investor’s breakup
Miami developments at center of legal fight
Commercial
Los Angeles
Hoag Hospital wins battle for Ziggurat in $207M deal
Sale comes after Pintar, Hilco’s $177M bid fell through in court
Commercial
San Francisco
Adult entertainment mogul buys building once at center of FBI probe into city corruption
Peter Acworth paid $15M after unloading three other properties last month
Magazine
New York
Hamptons developer Jeremy Morton’s unfinished projects — and debts — stack up
The ambitious developer may have taken on more than he could finish
Commercial
South Florida
Swerdlow calls off bid to have Don Peebles jailed over debt feud
Withdrawal of motion for criminal contempt came after sworn testimony by Peebles’ executive assistant
Brand Studio
BOH: the construction industry conference for executives
Why construction execs can’t afford to sleep on this conference
Commercial
Los Angeles
Embattled OC real estate investor pleads not guilty to $100M bank fraud
Mahender Makhijani remains in custody after being slapped with $1.3B payment in separate civil fraud case
Surprise buyer for Aby Rosen’s “Anna Delvey” building revealed
Airbnb shells out $81M for first NYC office purchase
Tri-State
East End’s middle market steals spotlight in second quarter sales
Homes above $1M, below top tier dominated Hamptons, North Fork deals
“Housing for billionaires” is not the problem
But I shouldn’t have called Ben Kallos an idiot
Mamdani stands by office swaps after Manhattan cave-in
NYC mayor still sees office-to-residential conversions as key part of his housing agenda
NY awards $1B in bonds, subsidies toward statewide housing push
Seven NYC projects to claim funds
Smoking gun: Former state official reveals secret decision that kneecapped landlords
Woody Pascal’s bombshell rocks Tish James’ case against Peak Capital Advisors
Brazilian soccer legend Kaká buys Bal Harbour condo
Retired pro athlete was part of 2022 FIFA World Cup champion team
Venture capital investor buys Palm Island teardown next door for $40M
Homebuilder Pedro Adria sold his double-lot for steep discount off asking price
Tabani unveiled as buyer of Rivani’s Wynwood Jungle for $26M
Dallas-based firm borrowed $15.7M from Frost Bank for purchase of half-vacant complex dealing with tenant lawsuits
Inside developer Michael Stern and his Italian investor’s breakup
Miami developments at center of legal fight
Palm Beach County pumps breaks on data center proposals
Commissioners voted on two measures halting applications amid growing disapproval
Orlando developer in contract to buy out aging West Palm co-op for $200M
Estimated price to pay owners about $1.4M per unit on pending sale
Videos
The last piece of World Trade Center is finally rising
Is the American mall back?
How 15 Central Park West changed luxury real estate forever
Collapse fears at NYC biggest conversion
The hidden cost of New York's pied-à-terre tax
Inside the Multifamily Squeeze: Political Risk, AI & Operations in 2026 | TRD Roundtable
How St. Barts became a billionaire playground
Wall Street Is Pulling Back From Housing. Here's Why.
The Secret Real Estate Power Game in St. Barts | Coffee Talk with Michael Gross
NYC’s $1.8B housing voucher fight, explained
"Mayor Mamdani calls: What's your plan to fix NYC housing?" | Victor Sigoura answers
NYC's New Pied-à-Terre Tax Explained
The downfall of Kanye's Malibu mansion
New York City Freezes Rent on Nearly 1 Million Apartments
Coffee Talk | Real Estate's Most Powerful Voices, Unscripted
Stefan Soloviev wants to break his own office rent record
Landlord-tenant dispute turns deadly
How the Plaza Hotel gave Victor Sigoura his real estate education
From Lawyer to Luxury Developer | Salon Series with Victor Sigoura
Has Miami's branded condo boom gone too far?
Ex-Laker now ex-Angeleno: Anthony Davis sells Bel Air manse for $32M
Factoring in the ULA tax, NBA star netted less than what he paid for the home in 2021
Proposed Oceanwide buyer challenges city’s concerns on financing, development plan
Bankruptcy court could weigh on KPC, Lendlease’s ability to close deal, complete graffiti-covered towers
Manhattan Beach home along The Strand tops LA County luxury contracts with $25M ask
Overall deal flow down from week prior but up from year ago
Lenders move on Hackman’s Television City, debt pegged at $357M
Chatter that Deutsche Bank-led syndicate tapped broker followed with notice of default and election to sell filed
Newport Beach mansion shoots for city record with $70M list price
9K sf waterfront manse has 130-foot yacht capacity
LA County supervisors vote to give affordable housing groups edge on multifamily sales
Measure for unincorporated county areas would mirror similar efforts in SF, DC
Tenants sue Compass, landlord and broker over Chicago right-of-first-refusal violations
Lawsuit claims landlord and Compass broker violated notice requirements, setting up an early legal challenge to the city's controversial tenant purchase ordinance
Steeply priced Lake Forest mansion pulled off market after dramatic price cuts
Big Circle Lane estate was first marketed for nearly $28M in September 2024, marking Chicagoland’s priciest listing in the region at the time
LG opts for $125M refi over sale at Fulton Market high-rise
Developer is leveraging Chicago's supply crunch to protect its trophy building while playing defense elsewhere in its portfolio
Uptown Theatre owner seeks $200M overhaul with bigger city subsidy
Developer claimed restoration of the long-shuttered landmark won't pencil without far more TIF than Chicago is willing to provide
Chicago’s top construction permits: Week ending July 8, 2026
TRD reports on the Windy City’s top new permits last week
Chicago’s $4M-plus home market cools from 2025’s record pace, but demand stays hot
Metro logged third-best first half for luxury sales as tight inventory keeps prices elevated
Adult entertainment mogul buys building once at center of FBI probe into city corruption
Peter Acworth paid $15M after unloading three other properties last month
Prado, Presidio Bay jump ship on deal to buy long-distressed SF Centre mall
Beleaguered 1.5M complex heads back to market after $134M foreclosure bid last fall
Gilroy multifamily project scores record $183M construction loan
Dwight Mortgage Trust provided financing for developer Ten South Construction
SF brokers have a new question for homebuyers: Got an extra million?
City recorded 144 homes selling for at least $1M over asking this year, a 1,700% year-over-year increase
San Jose officials give final approval to long-planned mixed-use redevelopment play
City faces 62K housing target over next five years
Chip maker signs 111K sf Santa Clara lease as AI drives office demand offices across Silicon Valley
Deal ranked among largest office leases in city in recent months
Houston’s Antinozzi Group flips back to Compass, this time for good
Team spent five months at Compass before returning to Remax in May 2025
San Antonio closes on three key Project Marvel parcels for $30M
Spurs-funded acquisition gives the city key downtown parcels as plans advance for a $1B-plus sports and entertainment district anchored by a new arena
Tesla leases 683K sf speculative industrial building amid Central Texas expansion spree
Elon Musk’s burgeoning Texas fiefdom continues to sweep the Austin area
Naterra eyeing a $34M combination office and warehouse in Dallas suburb
Global beauty products supplier’s facility would span 442K sf in Coppell
Mark Cuban demands to see details of Mavericks’ Valley View development deal in court filing
Billionaire and former majority owner of the team claims he was cut out of the deal
Mitsubishi zooms over to Houston’s Enterprise Tower for new 92K sf lease
Americas subsidiary relocated downtown as one of the city's signature office towers in the midst of elevated vacancy rates
FTC’s challenge to Zillow-Redfin partnership headed to trial
Judge denies government’s request to decide case early
Brookfield-backed data center firm to go public
CSquare seeking to raise $1.35B in IPO at potential $4.18B valuation
How a courtroom showdown in Chicago could reshape residential real estate
Plus, the Jills Zeder Group’s rise to the top, the tenant groups running NYC and more national real estate news this week
Barry Sternlicht raises $10B for fund eyeing data center push
Starwood invested more than $100M into largest-ever fund
HUD HQ move faces lawsuit as DC businesses fight Virginia relocation
L’Enfant Plaza retailers say agency lacks authority to leave capital
The Data Drop: Tracking Office-to-Resi Conversions in the Big Apple
TRD Data unpacks the metrics moving the market
Kushner-linked Albania resort sparks backlash over coastal habitat
Satellite analysis suggests preparation advanced before environmental review
How low can it go? Two decades of Chinese home price growth erased by ongoing crash
No end in sight as housing prices fall for 35th straight month
Home flippers descend on Hong Kong
Prices jump 10% YoY following elimination of taxes on flips, spec in 2024
Barclays drops nearly $1B to buy its London HQ
Lender the latest to shift from renter to owner of office space
Manchester United takes step towards $2B+ stadium project
Soccer club buys majority of land needed for development
Charles Kushner ruffles berets as French ambassador
First year in gig included two summonses, which he ignored
San Francisco
San Francisco drives Bay Area off-market luxury boom
AI wealth and inventory shapes private sale volume
National
Miami claims highest office asking rents in the US
Magic City averages $59.66 per square foot, outpacing the five boroughs’ $50.56
New York
Bronx neighborhoods lead NYC housing market growth in second quarter
Norwood, Fieldston saw triple-digit growth in median values
National
U.S. government pivots to sell-off: Federal agency sells $614M worth of real estate
Amid high maintenance costs, the federal government is trimming its owned property portfolio
New York
NYC home sellers mostly profited in 2025 — except in Manhattan
Citywide median resale gains hit $70K last year
New York
“The math has stopped working”: NYC home flipping drops as state legislators propose new tax
State legislators are targeting home flippers, even as the market cools amid rising renovation costs
South Florida
Orlando developer in contract to buy out aging West Palm co-op for $200M
Estimated price to pay owners about $1.4M per unit on pending sale
Chicago
Chicago’s top construction permits: Week ending July 8, 2026
TRD reports on the Windy City’s top new permits last week
Los Angeles
Newport Beach mansion shoots for city record with $70M list price
9K sf waterfront manse has 130-foot yacht capacity
Chicago
Chicago’s $4M-plus home market cools from 2025’s record pace, but demand stays hot
Metro logged third-best first half for luxury sales as tight inventory keeps prices elevated
Los Angeles
Ex-Laker now ex-Angeleno: Anthony Davis sells Bel Air manse for $32M
Factoring in the ULA tax, NBA star netted less than what he paid for the home in 2021
South Florida
Brazilian soccer legend Kaká buys Bal Harbour condo
Retired pro athlete was part of 2022 FIFA World Cup champion team
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San Francisco
San Jose officials give final approval to long-planned mixed-use redevelopment play
City faces 62K housing target over next five years
South Florida
Palm Beach County pumps breaks on data center proposals
Commissioners voted on two measures halting applications amid growing disapproval
Chicago
Chicago’s top construction permits: Week ending July 8, 2026
TRD reports on the Windy City’s top new permits last week
South Florida
Bon appetit! Moishe Mana buys Wynwood building leased to Pastis for $25M
Neighborhood’s largest real estate investor acquired restaurant property from David Edelstein’s TriCap
San Francisco
Chip maker signs 111K sf Santa Clara lease as AI drives office demand offices across Silicon Valley
Deal ranked among largest office leases in city in recent months
National
HUD HQ move faces lawsuit as DC businesses fight Virginia relocation
L’Enfant Plaza retailers say agency lacks authority to leave capital
New York
NY awards $1B in bonds, subsidies toward statewide housing push
Seven NYC projects to claim funds
International
Kushner-linked Albania resort sparks backlash over coastal habitat
Satellite analysis suggests preparation advanced before environmental review
Texas
Mark Cuban demands to see details of Mavericks’ Valley View development deal in court filing
Billionaire and former majority owner of the team claims he was cut out of the deal
New York
Rockpoint, Urby team up to build in booming Jersey City
Developers plotting 748 market-rate apartments on waterfront
Chicago
Vernon Hills clears 1.2M sf industrial redevelopment on former American Hotel Register site
Long-stalled property once linked to Amazon lands approval for three speculative warehouses and a classroom and curriculum supplies firm
Texas
Caterpillar digs into new $34M HQ expansion in Las Colinas
Construction giant plans 107K sf first phase at former Zales campus in North Texas, less than three miles away from its current offices