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  1. Developer buys 137 acres of land in Connecticut for housing, commercial buildings
  2. Elliman, top agents named in Section 8 discrimination suit
  3. New Jersey man sentenced to six years for real estate, romance scams
  4. California announces changes to home insurance market to address wildfire coverage
  5. Adams wants to scrap parking mandates in new resi projects
  6. Cut and run: Rent-stabilized landlord sells at 44% haircut
  7. Developers hope to add 750 homes to struggling Milford mall
  8. Two New Jersey construction company owners plead guilty to tax crimes
  9. Farkas buys Lexington Ave hotel for $185M
  10. Mast Capital targets another Miami Beach condo buyout near planned project
New York Attorney Pleads Guilty to $19M Real Estate Ponzi Scheme
Residential
New York

New York attorney pleads guilty to $19M real estate Ponzi scheme

Robert Wisnicki lured investors into purchasing real estate, paying old investors with new investors’ money
Arch Companies Partners Battle Each Other
Commercial
New York

Chaos at Arch Companies: Partners, investor spar at NYC development firm

Principals Jeffrey Simpson and Jared Chassen caught in spat as firm faces financial trouble
Churchill Loses Office Building near Penn Station
Commercial
New York

Churchill loses Penn Plaza office building to foreclosure

Property goes for just $16M, 25% of the cost to build it
Family Legacy of Civil Rights Drives Developer Alan Dones
Development
San Francisco

Meet Alan Dones, co-developer of Oakland’s $5B Coliseum project

SUDA founder, part of all-Black consortium, to create “master strategy” for site
Walter & Samuels Faces Midtown Foreclosure After WeWork Split
Commercial
New York

Walter & Samuels faces Midtown foreclosure after WeWork split 

Landlord defaulted on a $77 million loan
Paxton and Paul Spoke the Common Language of Real Estate
Politics
Texas

Favor fluency: Ken Paxton and Nate Paul speak the universal language of real estate

Friendship isn’t illegal, but it sure can look suspect
Inside Residential Real Estate’s Bad Week
Residential
National

Resi brokerages, NAR embroiled in litigation and scandal

RE/MAX and Anywhere settle antitrust suits for eight figures, while NAR is mired in allegations of misconduct
Judge Dismisses Challenge to Hochul’s Penn Station Plan
Development
New York

Judge dismisses challenge to Hochul’s Penn Station plan

Vornado’s development is already on pause
The Daily Dirt Delves Into the issues with Class A offices
Commercial
New York

The Daily Dirt: What is Class A office?

TRD weighs in on the CRE jargon

New York

Churchill Loses Office Building near Penn Station
New York
Sep 22, 2023

Churchill loses office building near Penn Station to foreclosure

Property goes for just $16M, 25% of the cost to build it
The Eklund-Gomes Team Launches AI Assistant
New York
Sep 21, 2023

Eklund-Gomes team launches “spunky” AI assistant

Douglas Elliman team founders celebrated “rebranding” led by Maya
Walter & Samuels Faces Midtown Foreclosure After WeWork Split
New York
Sep 21, 2023

Walter & Samuels faces Midtown foreclosure after WeWork split 

Landlord defaulted on a $77 million loan
The Daily Dirt Breaks Down the Mayor’s Zoning Proposals
New York
Sep 22, 2023

The Daily Dirt: Adams tackles NYC’s zoning code

Analysis of New York’s top real estate news
Developer buys 137 acres of land in Connecticut for housing, commercial buildings
Tri-State
Sep 24, 2023

Developer buys 137 acres of land in Connecticut for housing, commercial buildings

A partnership led by James Cormier bought the land in East Windsor
Trial Approaching In Landmark Broker Commission Lawsuits
New York
Sep 22, 2023

Settlement window closing for brokerages in landmark commission lawsuits

Keller Williams, HomeServices of America remain as defendants

South Florida

Demand for Privacy, Security in South Florida Real Estate
South Florida
Sep 22, 2023

Defending the castle: Demand rising for privacy and security in South Florida

Agents say luxury buyers increasingly want gated communities, private police forces and 24/7 vigilance
Mast Capital Seeks Buyout of Imperial House in Miami Beach
South Florida
Sep 22, 2023

Mast Capital targets another Miami Beach condo buyout near planned project

Developer sent offers to owners at 127-unit oceanfront Imperial House
Coastline-Nakash Equity Plans Rentals Near Miami River
South Florida
Sep 22, 2023

Coastline-Nakash plans 822-unit multifamily complex near Miami River

Project called Eden is planned for site east of Miami International Airport
Mill Creek Lands $82M Loan For Coral Springs Project
South Florida
Sep 22, 2023

Mill Creek lands $82M construction loan for Coral Springs mixed-use project

Development will include 353 apartments, 32K sf of retail and restaurant space and 721 parking spaces
The Real Deal Weekly Dirt: Miami Commissioner DLP Fallout
South Florida
Sep 24, 2023

The Weekly Dirt: More bad news for suspended Miami commissioner

An analysis of South Florida's top real estate news
Disney to Invest $60 Billion in Theme Park, Cruise, Resort Expansion
South Florida
Sep 23, 2023

Disney to invest $60B in expansion of theme parks, cruises, resorts

With people cutting the cable TV cord, company pivots to another cash cow

Los Angeles

Builder’s Remedy: “The Walls Are Closing in on Cities”
Los Angeles
Sep 22, 2023

Builder’s remedy: “The walls are closing in on cities” 

Developer Leo Pustilnikov speaks of how the courts will save projects at TRD’s LA Forum
Axos Bank Claims Default on Van Nuys Senior Complex
Los Angeles
Sep 21, 2023

Axos Bank claims default on 132-unit Van Nuys senior complex

Developer Landmark View falls behind on $25.5M mortgage
Star Agents Share Tips on Navigating Tough LA Home Market
Los Angeles
Sep 22, 2023

Star agents share tips on navigating LA’s tough residential market 

Rayni Williams, Jason Oppenheim and Jade Mills talk shop at TRD’s LA Forum
Suit Seeking Homes at the VA West LA Campus May Go to Trial
Los Angeles
Sep 21, 2023

Veterans’ lawsuit seeking homes at the VA West LA campus may go to trial

Judge issues tentative ruling after rethinking “the entire jurisprudence”
Downtown LA’s Office Market Drifts in Down Cycle
Los Angeles
Sep 22, 2023

Downtown LA’s office market drifts in down cycle

Panelists Laura Stumm and Christopher Rising see bright spots in Century City, Olympics
Olympic-Barrington Partnership Eyes 51 Units in Studio City
Los Angeles
Sep 21, 2023

Olympic-Barrington Partnership plans to build 51 apartments in Studio City

West Hollywood developer would demolish a 1,500 sf home built in 1940

San Francisco

Rethinking Downtown San Francisco, One Alleyway at a Time
San Francisco
Sep 21, 2023

Rethinking downtown San Francisco, one alleyway at a time

Landing at Leidesdorff offers pilot project to turn “doom loop” into “boom loop”
Marshy Island in SF Bay Goes Up for Sale at $75M
San Francisco
Sep 21, 2023

Marshy private island in San Francisco Bay goes up for sale at $75M

Solano County listing appeals to Silicon Valley billionaires hoping to build new city
Investors Team Up for $74M Buy of Fairfield Residential’s San Jose Apartment Complex
San Francisco
Sep 21, 2023

Archway Equities and Virtú Investments partner on $74M San Jose apartment deal

Sale of 190-unit community the latest in a string of San Jose multifamily sales
TimeSpace Group Wants to Convert Alexandra Theatre Into Housing
San Francisco
Sep 21, 2023

TimeSpace Group wants to convert historic SF movie theater into homes

Developer and city cut deal to turn the Alexandra Theatre into 76 units
California announces changes to home insurance market to address wildfire coverage
San Francisco
Sep 24, 2023

California announces changes to home insurance market to address wildfire coverage

Wildfires have prompted some insurance companies to cease writing new policies
SF Mansion that served as pipe organ company, gay bathhouse lists for $4.8M
San Francisco
Sep 24, 2023

SF Mansion that served as pipe organ company, gay bathhouse lists for $4.8M

Compound embodies San Francisco's rich history

Chicago

Chicago Architects Dish on Their Most, Least Favorite Buildings
Chicago
Sep 24, 2023

Chicago architects dish on their most, least favorite buildings

FitzGerald prez, Hartshorne Plunkard founder and others discuss what they like and dislike
Trinity Pays $96M For Westmont Apartment Complex
Chicago
Sep 22, 2023

Trinity pays $96M for Westmont apartment complex 

Second largest multifamily deal in suburbs this year
Nick McGinn’s First Capital Seeks $51M Willowbrook Condo Buyout
Chicago
Sep 22, 2023

Nick McGinn’s First Capital seeks $51M suburban condo deconversion

Wheaton-based firm holding bulk of Willowbrook complex ready to cash out
Lerner Family Fight: Father’s Actions led to Bankruptcy, son Says
Chicago
Sep 22, 2023

Lerner family fight: Father’s actions led to bankruptcy, son says

Filing seeks to avoid foreclosure on Wicker Park apartments
Menashe Drops $45M In Cash For Discounted Loop Office Tower
Chicago
Sep 22, 2023

Menashe drops $45M in cash for discounted Loop office tower 

First major office sale in downtown area July 2022
Chicago’s Home Price Growth More Than Double National Average
Chicago
Sep 21, 2023

Chicago’s home price growth more than double the national average

Median sales price rose 9.6 percent year-over-year in August.

Texas

ShainRealty Capital Assumes $25M HUD Loan in DFW Apartment Acquisition
Texas
Sep 22, 2023

Assumables and agency loans: ShainRealty Capital takes on $25M HUD loan in DFW

Nova Capital arranges $38M financing for acquisition near Fort Worth, and Calvera makes first DFW buy
Paxton and Paul Spoke the Common Language of Real Estate
Texas
Sep 21, 2023

Favor fluency: Ken Paxton and Nate Paul speak the universal language of real estate

Friendship isn’t illegal, but it sure can look suspect
Capital A, NHP Score $75M Construction Financing
Texas
Sep 21, 2023

Capital A, NHPF score $75M construction financing for affordable housing in Austin

East Austin project to bring 204 below-market-rate units
Todd Interests Reveals New Docs in Eminent Domain Brawl
Texas
Sep 19, 2023

“Punish those bastards”: Todd shows receipts in eminent domain fight

Details emerge in battle over former state park
Barshop & Oles to Transform Brodie Oaks Shopping Center
Austin
Sep 22, 2023

Barshop & Oles to transform South Austin’s Brodie Oaks Shopping Center

Redevelopment to include 1,700 residences and 1.2M sf of office space
Another Houston Apartment Complex Heads to Foreclosure Auction
Texas
Sep 22, 2023

Michigan investor’s Houston apartments head to foreclosure auction

Greenspoint-area property also facing multiple lawsuits and liens

Residential

all markets
California announces changes to home insurance market to address wildfire coverage
San Francisco
Sep 24, 2023

California announces changes to home insurance market to address wildfire coverage

Wildfires have prompted some insurance companies to cease writing new policies
SF Mansion that served as pipe organ company, gay bathhouse lists for $4.8M
San Francisco
Sep 24, 2023

SF Mansion that served as pipe organ company, gay bathhouse lists for $4.8M

Compound embodies San Francisco's rich history
Rockaway Beach Houseboat Hits Market for $225K
National
Sep 24, 2023

Rockaway Beach houseboat hits market for $225K

Floating one-bedroom home in Queens can be towed to another marina any time
New Jersey Fraudster Christopher Akeme Sentenced to Six Years
National
Sep 24, 2023

New Jersey man sentenced to six years for real estate, romance scams

Christopher Akeme, of Sicklerville, laundered $1.5M, including money in fraudulent condo scheme
Trinity Pays $96M For Westmont Apartment Complex
Chicago
Sep 22, 2023

Trinity pays $96M for Westmont apartment complex 

Second largest multifamily deal in suburbs this year
Another Houston Apartment Complex Heads to Foreclosure Auction
Texas
Sep 22, 2023

Michigan investor’s Houston apartments head to foreclosure auction

Greenspoint-area property also facing multiple lawsuits and liens

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all markets
Five-Day Office Weeks Done For In Boston
National
Sep 24, 2023

Boston’s biggest employers say five-day office weeks are over

Companies embrace flex schedules to accommodate workers
ShainRealty Capital Assumes $25M HUD Loan in DFW Apartment Acquisition
Texas
Sep 22, 2023

Assumables and agency loans: ShainRealty Capital takes on $25M HUD loan in DFW

Nova Capital arranges $38M financing for acquisition near Fort Worth, and Calvera makes first DFW buy
Menashe Drops $45M In Cash For Discounted Loop Office Tower
Chicago
Sep 22, 2023

Menashe drops $45M in cash for discounted Loop office tower 

First major office sale in downtown area July 2022
Downtown LA’s Office Market Drifts in Down Cycle
Los Angeles
Sep 22, 2023

Downtown LA’s office market drifts in down cycle

Panelists Laura Stumm and Christopher Rising see bright spots in Century City, Olympics
Apollo President Eyes Commercial Lending Opportunities
New York
Sep 22, 2023

Apollo president pitches “marshaling resources” around CRE

James Zelter touted lending opportunities amid downturn
Charles Cohen’s 3 Park Ave as Risk of Downgrade
New York
Sep 22, 2023

Charles Cohen’s 3 Park Ave at risk of downgrade

Occupancy rate drops to 54%, rental income down 40% from 2019

Development

all markets
Developer buys 137 acres of land in Connecticut for housing, commercial buildings
Tri-State
Sep 24, 2023

Developer buys 137 acres of land in Connecticut for housing, commercial buildings

A partnership led by James Cormier bought the land in East Windsor
Mounting Financial Pressures to Green Real Estate
National
Sep 23, 2023

Carrots and sticks: How mounting financial pressures are greening real estate

Local legislative mandates, fines and rising insurance costs are turning the tide
Atlanta Looks to Repurpose Land to Address Housing Needs
National
Sep 23, 2023

Atlanta looks to repurpose land for housing 

Study will explore how the city can use public space to maximize uses
Tampa Bay Rays, Hines building $1.3B stadium replacement
National
Sep 23, 2023

Tampa Bay Rays, Hines building $1.3B stadium replacement

Baseball team to ditch Tropicana Field, community to get 6K housing units
Landmark Plans 28-Story Student Apartments in Philadelphia
National
Sep 23, 2023

Landmark Properties plans 28-story student apartments in Philadelphia

Proposal for Temple University housing has garnered community support
Disney to Invest $60 Billion in Theme Park, Cruise, Resort Expansion
South Florida
Sep 23, 2023

Disney to invest $60B in expansion of theme parks, cruises, resorts

With people cutting the cable TV cord, company pivots to another cash cow