SL Green, RXR’s Worldwide Plaza debt heads to special servicing
Owners trying to modify $940M senior mortgage on Midtown office building
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Development
Austin
Tito’s vodka founder quietly amassed thousands of acres near Austin
Billionaire Tito Beveridge has yet to file development plans for the vast amounts of land he owns in Bastrop County
Residential
National
Forget prices and interest rates, climate is real estate’s biggest threat
Declining property values, accelerating risk and fewer safety nets reveal a grim outlook
Commercial
Tri-State
Memo to Shaya Prager: Webster Bank wants its money back
Lender says troubled NJ investor defaulted on $153M in office loans
Magazine
Texas
Under Dallas’ new land use plan: are neighborhoods finished?
City says ForwardDallas 2.0 may save it; others say it’ll kill it
Commercial
New York
NYC rents to fall further if Fed keeps cutting
Lower mortgage rates will boost applications, relieving pressure on rental market
Residential
San Francisco
Did SF developer shield assets to avoid paying $50M court settlement?
Lawsuit claims Greg Malin moved wealth into family trusts so he can say he’s “destitute”
Residential
South Florida
“Broken promises:” Broker sues ex-husband over commission on $57M sale of Star Island estate
Alyssa Morgan had previously presented a higher offer from the same buyer that the seller rejected, lawsuit alleges
Commercial
New York
7M sf of Manhattan office space have disappeared. Here’s how
Conversions help shrink oversupply
Oct 14, 2024
Maguire Capital about to foreclose on historic FiDi properties
Alicia CastroLeal Harper bought 53 and 55 Stone Street just last year
Oct 14, 2024
SL Green, RXR’s Worldwide Plaza debt heads to special servicing
Owners trying to modify $940M senior mortgage on Midtown office building
Oct 14, 2024
Bushburg starts 500-unit conversion of 80 Pine Street
Brooklyn-based developer closed on the property last month
Tri-State
Oct 14, 2024
Target is taking over Bridgehampton’s Kmart store
Big-box discount retailers are rare finds in the Hamptons
Oct 14, 2024
NYC mayor’s housing plan will be bloodied
Getting enough votes to pass Adams’ proposal will require painful concessions
Oct 14, 2024
Vanbarton nabs Archdiocese of New York for office-to-resi conversion
Developer to pay $100M for Catholic HQ to continue development tear
Oct 14, 2024
Buyer revealed: Kushner purchasing Hamilton apartment tower in Miami’s Edgewater for $190M
Aimco previously said it’s under contract to sell the bayfront building and its share of a nearby development site
Oct 14, 2024
MG Developer’s pipeline grows after landing $15M for Coral Gables condo project
Financing provides Alirio Torrealba’s firm with time to refine plans and complete construction drawings for Alhambra Parc, a planned 11-story building with 78 units
Oct 14, 2024
HTG, Alonzo Mourning’s nonprofit plan 120-unit below-market Overtown rentals, as affordable housing development booms
Courtside Apartments II is expected to be completed in 2026
Oct 14, 2024
Oceana Bal Harbour developer finds buyer for $24M penthouse
It’s one of seven luxury resi contracts signed last week in Miami-Dade
Oct 14, 2024
Lender seeks $13M foreclosure against Hollywood warehouse owner
Medical supply distributor David Frank allegedly failed to repay entire loan over the summer per forbearance agreement
Oct 14, 2024
Lease roundup: Acore, Trinity opening Coconut Grove offices; Daymond John sets up Wynwood outpost
Also, a pop-up with luxury brands is on tap at Related Ross’ CityPlace in West Palm Beach
Oct 10, 2024
Pritzkers list Beverly Crest estate for $195M
Westside Estate Agency founders to broker what could be one of LA’s priciest deals
Oct 11, 2024
More than half of California renters challenged by housing costs
56% of renters, 35% of homeowners, spend at least 30% of their income on housing
Oct 10, 2024
Commercial property sales in LA County spiral down 18%
City of LA deal volume drops twice as fast with nearly 40% decline
Oct 11, 2024
UCLA benefactors ask $27M for Beverly Park mansion
Listing marks first time Nahum and Alice Lainer have put the home on the market.
Oct 14, 2024
Hollywood’s Jeff Sagansky and Elie Samaha duel to buy Dolby Theatre
Studio honcho and filmmaker talk to owner CalPERS about the Academy Awards venue
Oct 14, 2024
Irvine rezones land by John Wayne despite airport commission concerns
City Council approves 15K homes, overruling issues of aviation noise and safety
Oct 14, 2024
Treasure Island brings high-rise homes to middle of San Francisco Bay
First market-rate tenants arrive at a new neighborhood for apartment hunters
Oct 14, 2024
Ridge Capital poised to buy SF office tower for about $75M
Purchase of 245K sf building in Yerba Buena would work out to $300 psf
Oct 14, 2024
Bay Area housing costs push desire for mass exodus
Poll finds nearly half of residents want to exit region, with home prices the top motive
Oct 14, 2024
Silicon Valley transit agency plans to turn HQ into housing
Santa Clara VTA could allow a developer to build up to 1,300 homes in North San Jose
Oct 14, 2024
Lakeside and Rubicon get 75% discount on Oakland office tower
Joint venture acquires 15-story building and a parking garage for $30M
Oct 11, 2024
Levi’s heir and SF mayoral candidate likes status quo on rent control
Daniel Lurie opposes Prop. 33 and wants to maintain “policies that are in place now”
Oct 14, 2024
Investors accuse CA Ventures top execs of fraud after $14M in bad bets
Funds allegedly used to spare developers from personal guarantees on other debts
Oct 14, 2024
Record-setting Naperville buyers to develop luxury homes on adjacent lots
Keyur and Megha Trivedi bought their Naperville home and neighboring lots for $8M last year, and now they have building plans
Oct 14, 2024
Distressed O’Hare office portfolio listed with assumable loan
Adventus Realty Trust defaulted on $173M CMBS loan
Oct 14, 2024
Developer owed millions in rent while donating to politicians
Scott Goodman’s company was a “deadbeat” tenant of the Chicago Transit Authority and is negotiating $25M in late fees
Oct 11, 2024
Office demand increases in suburbs, vacancy still hurting
Bleeding hasn’t stopped for suburban Chicago landlords, but there are glimmers of hope
Oct 11, 2024
Another downtown apartment building sells for discount
JLL Income Property Trust sold the 28-story 180 North Jefferson to a group of local investors for $76M
Dallas
Oct 11, 2024
Washburne buys Greyhound terminal ahead of downtown metamorphosis
Billions of dollars in investment coming to quadrant near city’s planned $1.2B convention center replacement
Austin
Oct 11, 2024
Tito’s vodka founder quietly amassed thousands of acres near Austin
Billionaire Tito Beveridge has yet to file development plans for the vast amounts of land he owns in Bastrop County
Houston
Oct 14, 2024
Law firm expands to full floor as CBD struggles mightily with vacancy
Reynolds Frizzell is staying in Hines’ 1100 Louisiana
Houston
Oct 11, 2024
Real estate law firm buys “on sale” Galleria-area office building
Porter Law Firm, LandPark Advisors plan to entice downsizing office tenants
San Antonio
Oct 14, 2024
Realtor associations unite in Austin, San Antonio megaregion
Agreement allows agents to use multiple listing services in both metros
Houston
Oct 14, 2024
Dhanani scoops up more land in path of growth
Local firm bought 300 acres in fast-growing Fort Bend County for 1,000 homes
Oct 14, 2024
Compass has picked up a chunk of Elliman’s star power
Tracking the flow of top names between the resi firms across New York, Florida, California and Texas in 2024
Oct 13, 2024
Forget prices and interest rates, climate is real estate’s biggest threat
Declining property values, accelerating risk and fewer safety nets reveal a grim outlook
Oct 11, 2024
Party’s over: Industrial vacancy hits 10-year high
Report reveals drop in net absorption and flat rental growth
Oct 11, 2024
Tides loses equity investor in Class-A complex, killing deal
Andrade said high-net-worth investor couldn’t gin up liquidity in time to close
Oct 14, 2024
Singaporean REIT snags $550M for $1.3B office portfolio refi
Bank of America led financing on 13 properties owned by Prime US
Oct 12, 2024
San Antonio real estate agent missing since Monday
Husband arrested for assault, but not yet named as suspect in disappearance
San Francisco
Oct 14, 2024
Bay Area housing costs push desire for mass exodus
Poll finds nearly half of residents want to exit region, with home prices the top motive
South Florida
Oct 14, 2024
Oceana Bal Harbour developer finds buyer for $24M penthouse
It’s one of seven luxury resi contracts signed last week in Miami-Dade
San Francisco
Oct 14, 2024
Silicon Valley transit agency plans to turn HQ into housing
Santa Clara VTA could allow a developer to build up to 1,300 homes in North San Jose
Los Angeles
Oct 14, 2024
Irvine rezones land by John Wayne despite airport commission concerns
City Council approves 15K homes, overruling issues of aviation noise and safety
San Francisco
Oct 14, 2024
Treasure Island brings high-rise homes to middle of San Francisco Bay
First market-rate tenants arrive at a new neighborhood for apartment hunters
Los Angeles
Oct 14, 2024
Westside Estate Agency nabs luxe broker Stuart Vetterick
Co-represented the buyer of $141M Bel-Air megamanse The One
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Chicago
Oct 14, 2024
Distressed O’Hare office portfolio listed with assumable loan
Adventus Realty Trust defaulted on $173M CMBS loan
South Florida
Oct 14, 2024
Lender seeks $13M foreclosure against Hollywood warehouse owner
Medical supply distributor David Frank allegedly failed to repay entire loan over the summer per forbearance agreement
New York
Oct 14, 2024
Maguire Capital about to foreclose on historic FiDi properties
Alicia CastroLeal Harper bought 53 and 55 Stone Street just last year
San Francisco
Oct 14, 2024
Lakeside and Rubicon get 75% discount on Oakland office tower
Joint venture acquires 15-story building and a parking garage for $30M
South Florida
Oct 14, 2024
Buyer revealed: Kushner purchasing Hamilton apartment tower in Miami’s Edgewater for $190M
Aimco previously said it’s under contract to sell the bayfront building and its share of a nearby development site
Houston
Oct 14, 2024
Law firm expands to full floor as CBD struggles mightily with vacancy
Reynolds Frizzell is staying in Hines’ 1100 Louisiana
Houston
Oct 14, 2024
Dhanani scoops up more land in path of growth
Local firm bought 300 acres in fast-growing Fort Bend County for 1,000 homes
Chicago
Oct 14, 2024
Record-setting Naperville buyers to develop luxury homes on adjacent lots
Keyur and Megha Trivedi bought their Naperville home and neighboring lots for $8M last year, and now they have building plans
South Florida
Oct 14, 2024
MG Developer’s pipeline grows after landing $15M for Coral Gables condo project
Financing provides Alirio Torrealba’s firm with time to refine plans and complete construction drawings for Alhambra Parc, a planned 11-story building with 78 units
New York
Oct 14, 2024
Bushburg starts 500-unit conversion of 80 Pine Street
Brooklyn-based developer closed on the property last month
San Antonio
Oct 14, 2024
Oxbow eyes Southtown for next massive mixed-use project
Developer behind Pearl District to move historic mansion, build apartments, retail, parking
South Florida
Oct 14, 2024
HTG, Alonzo Mourning’s nonprofit plan 120-unit below-market Overtown rentals, as affordable housing development booms
Courtside Apartments II is expected to be completed in 2026