Alexander brothers charged with running sex trafficking scheme
Feds say Oren, Tal and Alon orchestrated rape, attacks across 20 years, silenced victims
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More woes for CGI Merchant: Raoul Thomas’ firm hit with $49M UCC foreclosure on Coral Gables offices7.
Official exodus: Miami, New York agents depart brokerage tainted by allegations against co-foundersGet the latest
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Residential
Chicago
What Compass’ acquisition of @properties means for Chicago
Potential big payday for private equity, loss of mid-size firms in the cards
Commercial
Austin
Trammell Crow Co selling downtown sail tower for $522M
Deal with Cousins Properties comes as full-building tenant Google looks to sublease
Commercial
New York
Suspect in CEO’s murder hails from real estate family
Luigi Mangione’s family owns Maryland golf resort, club, nursing homes
Development
New York
Gary Barnett files resi plans at former Disney campus
Extell files plans for two residential buildings on Upper West Side
Residential
San Francisco
Bay Area’s biggest independent agency sued over “poaching campaign”
Red Oak Realty accuses Vanguard Properties of using trade secrets from merger talks
Commercial
New York
More trouble for Boruch Drillman
Miami judge says mortgage fraudster owes $2M on unpaid note
Commercial
Chicago
LG Group’s office-to-resi redevelopment on shaky ground
Loan troubles of a pre-pandemic project show conversion pitfalls
Residential
National
Breaking down Compass’ industry-shaking deal for @properties
Chicago-grown brokerage takes 44M shares as resi giant eyes international, affiliate expansion
Dec 11, 2024
Alf Naman nabs $120M for luxury condo conversion
Marathon provides debt for seven-unit project seeking $263M sellout
Dec 11, 2024
Joseph Chetrit allegedly defaults on UES townhouse mortgage
Developer says agreement in place to make loan on personal home current
Dec 11, 2024
Buildings Department punishes illegal SROs, architect
NYC levied $1.5M in October across seven properties
Dec 10, 2024
Gary Barnett files resi plans at former Disney campus
Extell files plans for two residential buildings on Upper West Side
Dec 11, 2024
Isaac Chetrit, Sioni file Stewart Hotel conversion plans
Partners aim to create 625 apartments at shuttered Midtown spot
Dec 11, 2024
The Daily Dirt: Airbnb, hotel union face off (again)
City Council bill would create Local Law 18 carveouts
Dec 11, 2024
Three all-star teams of developers qualify to bid on $10B Miami-Dade project
Roster members include Related Group, 13th Floor, Merrimac Ventures, Terra, Atlantic Pacific, Sterling Bay, LCN Group, Florida Value Partners, Cornerstone Group and John Buck
Dec 11, 2024
These are the charges Oren and Alon Alexander face in Miami-Dade
Their cousin, luxury broker Ohad Fisherman, was also charged
Dec 11, 2024
Related Ross lands $200M refi for CityPlace in downtown West Palm, as lending flows in South Florida
Ares Commercial Real Estate replaced an existing $133M debt, increased it by $67M
Dec 11, 2024
Downtown Miami Holiday Inn hit with $70M UCC foreclosure, as debt woes pop up in South Florida
Auction of the 200-key hotel is scheduled for next Tuesday
Dec 11, 2024
Synagogue to sell its waterfront West Palm Beach campus to Related Ross for $30M
Vote follows redesign of planned Shorecrest condos, which previously included ground-floor space for Temple Israel
Dec 11, 2024
Embattled Arch Companies sells rental complex near West Palm for $18M, amid year-end surge of South Florida multifamily deals
F/Advance bought the 60-unit property
Dec 11, 2024
Kelemen Company to convert offices to medical use in Irvine
A third of the 335K sf Atrium will become healthcare facilities near John Wayne Airport
Dec 11, 2024
SoCal landlords pilloried online for asking too much rent
Rent shamers call out property owners for greed, while landlords see it as cyberbullying
Dec 11, 2024
Wilshire Skyline eyes 52 apartments on the border of Beverly Hills
Proposed eight-story building straddles the LA line with some units in each city
Dec 10, 2024
Signed contracts for LA luxe homes shrivel in post-holiday slump
Only nine properties with a total value of $52M were in contract last week
Dec 10, 2024
Post and Walker & Dunlop pick up NoHo apartment complex for $44M
Rent-controlled, garden-style multifamily trades for $186,441 per unit
Dec 10, 2024
Affirmed Housing to break ground on affordable complex near Arcadia
95-unit apartment building in tiny unincorporated Mayflower Village will cost $50M
Dec 11, 2024
Bay Area’s biggest independent agency sued over “poaching campaign”
Red Oak Realty accuses Vanguard Properties of using trade secrets from merger talks
Dec 11, 2024
Brick & Timber Collective pays $33M for San Francisco office building
Public Policy Institute of California sells its headquarters in an all-cash deal
Dec 11, 2024
Kaiser could shrink headquarters in Oakland by more than half
Reductions have sent CIM-owned office building into special servicing
Dec 11, 2024
San Francisco’s transfer tax revenue plunges to 12-year low
Fewer office sales and discounted deals cause city income to decline 5%
Dec 11, 2024
Safeway to shutter supermarket in SF’s Fillmore because of theft
4-acre site could become homes as retailer is “actively working on a transition plan”
Dec 10, 2024
Amazon signs WeWork license for 217K sf in Mountain View building
Recent deals for large swathes of offices in Silicon Valley may point to market rebound
Dec 11, 2024
Anti-gentrification ordinance changes fail to satisfy landlord group
Tenants’ right of first refusal pushed back to March 1; ups requirements for renters who want to buy their buildings
Dec 11, 2024
What Compass’ acquisition of @properties means for Chicago
Potential big payday for private equity, loss of mid-size firms in the cards
Dec 11, 2024
Michael Jordan’s North Shore mansion sold for $9.5M, at 36% below ask
Chicago Bulls legend takes significant price cut on North Shore Chicagoland property after 12 years on the market
Dec 11, 2024
Old Rosemont village hall to come down in favor of development
Demolition could start next year across from Rivers Casino
Dec 10, 2024
City’s property-tax hike pared down to $68.5M amid budget shortfall
Mayor previously proposed $300 million increase to help cover $982 million gap
Dec 10, 2024
Sterling Bay’s $250M apartment project rejected by committee
Councilmembers voted against rezoning for 615-unit project, but it’s not dead yet
Austin
Dec 10, 2024
Trammell Crow Co selling downtown sail tower for $522M
Deal with Cousins Properties comes as full-building tenant Google looks to sublease
Dallas
Dec 10, 2024
Texas Stock Exchange finds temporary home in Knox-Henderson
Y’all Street staple could open next year
Houston
Dec 10, 2024
Radom, MetroNational to turn old warehouse into mixed-use hub
Memorial City project, called Greenside, to deliver 15 small retail spaces
Houston
Dec 9, 2024
Ali Choudhri accused of squatting at Houston office building
National Bank of Kuwait first tried foreclosing on property in 2021
Dallas
Dec 11, 2024
Merit Energy moves HQ in one of year’s biggest office leases
Taking three floors in Nuveen Real Estate’s Two Lincoln Centre
Fort Worth
Dec 11, 2024
Beall Investments betting $500M on city’s western sprawl
Residential, retail, industrial planned for 317 acres of ranchland near Willow Park
Dec 11, 2024
Alexander brothers charged with running sex trafficking scheme
Feds say Oren, Tal and Alon orchestrated rape, attacks across 20 years, silenced victims
Philadelphia
Dec 10, 2024
TF Cornerstone eyes resi conversion for historic Philly office
Firm foreclosing on Rubenstein Partners at Wanamaker
Denver
Dec 10, 2024
Tuff Shed owner pays $62 psf for two Denver HQ office buildings
Tom Saurey invests $23M after the seller couldn’t find refinancing
Phoenix
Dec 11, 2024
Verde Investments to build urban village on former mall site in Mesa
Billionaire Ernest Garcia’s firm plans to redevelop Fiesta Mall into 4,000 homes
Boston
Dec 11, 2024
Boston mayor’s plan to hike commercial property taxes killed
Bill aimed to rebalance obligations, spare homeowners
Tampa
Dec 11, 2024
Tampa city attorney allegedly threatened to “shut down” zoning
Heads butting amid judge’s ruling, in a lawsuit from Liberty Group, that the city doesn’t have constitutional authority to review zoning cases
Chicago
Dec 11, 2024
Michael Jordan’s North Shore mansion sold for $9.5M, at 36% below ask
Chicago Bulls legend takes significant price cut on North Shore Chicagoland property after 12 years on the market
Los Angeles
Dec 11, 2024
SoCal landlords pilloried online for asking too much rent
Rent shamers call out property owners for greed, while landlords see it as cyberbullying
South Florida
Dec 11, 2024
These are the charges Oren and Alon Alexander face in Miami-Dade
Their cousin, luxury broker Ohad Fisherman, was also charged
South Florida
Dec 11, 2024
Synagogue to sell its waterfront West Palm Beach campus to Related Ross for $30M
Vote follows redesign of planned Shorecrest condos, which previously included ground-floor space for Temple Israel
New York
Dec 11, 2024
Joseph Chetrit allegedly defaults on UES townhouse mortgage
Developer says agreement in place to make loan on personal home current
South Florida
Dec 11, 2024
Beresford closing tops Palm Beach County weekly condo sales
Top 10 sales ranged from $825K to $3.7M
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San Francisco
Dec 11, 2024
Brick & Timber Collective pays $33M for San Francisco office building
Public Policy Institute of California sells its headquarters in an all-cash deal
Dallas
Dec 11, 2024
Merit Energy moves HQ in one of year’s biggest office leases
Taking three floors in Nuveen Real Estate’s Two Lincoln Centre
San Francisco
Dec 11, 2024
Kaiser could shrink headquarters in Oakland by more than half
Reductions have sent CIM-owned office building into special servicing
South Florida
Dec 11, 2024
Related Ross lands $200M refi for CityPlace in downtown West Palm, as lending flows in South Florida
Ares Commercial Real Estate replaced an existing $133M debt, increased it by $67M
San Francisco
Dec 11, 2024
Safeway to shutter supermarket in SF’s Fillmore because of theft
4-acre site could become homes as retailer is “actively working on a transition plan”
South Florida
Dec 11, 2024
Embattled Arch Companies sells rental complex near West Palm for $18M, amid year-end surge of South Florida multifamily deals
F/Advance bought the 60-unit property
Chicago
Dec 11, 2024
Old Rosemont village hall to come down in favor of development
Demolition could start next year across from Rivers Casino
New York
Dec 11, 2024
Alf Naman nabs $120M for luxury condo conversion
Marathon provides debt for seven-unit project seeking $263M sellout
Fort Worth
Dec 11, 2024
Beall Investments betting $500M on city’s western sprawl
Residential, retail, industrial planned for 317 acres of ranchland near Willow Park
Phoenix
Dec 11, 2024
Verde Investments to build urban village on former mall site in Mesa
Billionaire Ernest Garcia’s firm plans to redevelop Fiesta Mall into 4,000 homes
Los Angeles
Dec 11, 2024
Wilshire Skyline eyes 52 apartments on the border of Beverly Hills
Proposed eight-story building straddles the LA line with some units in each city
New York
Dec 11, 2024
Isaac Chetrit, Sioni file Stewart Hotel conversion plans
Partners aim to create 625 apartments at shuttered Midtown spot