Tour the priciest listing in the country’s priciest ZIP code
Atherton spec house on “Billionaire’s Row” features an asking price of $55M
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Politics
New York
If not Adams, then who? NYC real estate could have slim pickings for a new mayor
Why no industry favorite has emerged
Magazine
National
Tides’ turnaround strategy: total transparency
The embattled syndicator needs to resell itself to lenders and investors. Can it do so by copping to its mistakes?
Magazine
New York
After disaster: how developers deal
What happens after high-flying, risk-taking execs crash and burn?
Commercial
Dallas
NexPoint lands $1.5B refi deal for 34 Sun Belt apartment complexes
Experts hope refinancing will be easier to come by since the Fed lowered interest rates
Commercial
Los Angeles
LA office leasing hits post-pandemic high, up 27% from a year ago
Monthly rates hold steady at $3.90 psf, but it’s unclear if market “has turned the corner”
Residential
National
Keller Williams exec accused of accepting kickbacks
Latest claims against former president Josh Team join line of legal back-and-forth
Development
South Florida
Adam Neumann’s Flow launches Miami condo sales
Apartment startup previously expected to focus on rentals at Miami Worldcenter
Development
New York
New York City hotel market stuck in a losing streak
Thousands of rooms sapped without replacement option
Oct 4, 2024
Monopoly experience leases 50K sf at SJP’s 11 Times Square
Oct 3, 2024
Investigators seize phone of Adams official who oversees city real estate
DCAS official and longtime Adams pal Jesse Hamilton stopped after Japan trip
Oct 3, 2024
Real estate execs exchange $9M Midwood home
Azrak, Sutton deal one of several high-priced transactions in the area
Oct 4, 2024
The Daily Dirt: Rent rhetoric begins in mayoral race
Sen. Jessica Ramos claims her stabilized rent rose more under Eric Adams. Has it?
Oct 4, 2024
Manhattan retail availability hits record low: report
Recovery pushes rate down to 14.7%, barely half of pandemic peak
Oct 4, 2024
Estée Lauder heir selling East Hampton land for $56M
Purchase from Ron Lauder would be most expensive ever for preservation fund
Oct 4, 2024
Morgan and Carlyle pay $19M for Pompano Beach dev site that includes closed Macy’s store
JV is planning 356-unit apartment complex on 12-acre assemblage
Oct 4, 2024
Northwood taps into South Florida’s industrial market with $47M warehouse purchase
Denver-based firm acquired 202K sf facility that serves as headquarters for skincare company Monat Global
Oct 4, 2024
Former TV advertising boss sells Jupiter spec mansion for $16M
Buying entity’s lawyer also linked to seller of $11M Jupiter Inlet Colony this week
Oct 4, 2024
Resi roundup: Homebuilding, mini golf moguls buy South Florida properties
Deals spanned Miami Beach to Jupiter Inlet Colony and ranged from $7.8M to $11M
Oct 4, 2024
Miami-Dade condo sales drop in September to $438M
Number of closings fell to 626 from 712 in August
Oct 3, 2024
Javier Cervera bulks up retail portfolio with $18M Kendall shopping center purchase
His Coral Gables-based real estate investment firm acquired Miller Plaza, a 50K sf retail plaza anchored by Firestone tire shop
Oct 4, 2024
Universal Music Group’s Santa Monica HQs trades for $185M
Drawbridge Realty pays nearly $820 psf for single-tenant office building
Oct 4, 2024
Fashion tech firm inks office sublease in Downtown LA
Finesse exits Fashion District for “heavily amenitized” new digs
Oct 4, 2024
Old West movie ranches in Santa Clarita go on sale for $35M
Heir lists the 400-acre Sable Ranch and Rancho Maria, location for “Oppenheimer”
Oct 4, 2024
OC investors pay $77M for Highlands Corporate Center in San Diego
Five-building office campus with 90% occupancy rate trades for $350 psf
Oct 4, 2024
Holland Partner Group pitches 370 apartments in Santa Monica
Proposal would replace plan for office building from Kilroy Realty, owner of the land
Oct 3, 2024
Nearly one in five California renters pays $3K or more in rent
1M of the state’s 5.9M renters fall in most expensive category, 123% more than in 2019
Oct 4, 2024
Industry needs $150M to defeat rent control measure in California
CAA and CAR have raised about half that amount so far
Oct 4, 2024
Applied Materials buys Fry’s Electronics site in Sunnyvale for $100M
Equipment maker to create innovation center with properties from $390M shopping spree
Oct 3, 2024
Tour the priciest listing in the country’s priciest ZIP code
Atherton spec house on “Billionaire’s Row” features an asking price of $55M
Oct 4, 2024
FibroGen will pay $10M to exit HQ lease in SF’s Mission Bay
Failed clinical trials push drug company to early exit from 18-year home
Oct 3, 2024
MacKenzie Scott gives $30M to support affordable housing in the Bay Area
Billionaire philanthropist awards grant to the Housing Trust of Silicon Valley
Oct 3, 2024
Oakland Coliseum redeveloper misses $10M down payment deadline
African American Sports & Entertainment Group agrees to up purchase price to $110M
Oct 4, 2024
Related Midwest faces $175M foreclosure on apartment tower
MassMutual refinanced 47-story property in 2014 and sued after granting forbearance Related and its partner, an arm of the AFL-CIO
Oct 3, 2024
Top national broker Steve Koleno joins Dream Town Real Estate
Had third-most deals in U.S. last year doing volume with corporate single-family rental buyers; shifting gears to luxury
Oct 4, 2024
Discounts drive Honore’s Lincoln Park office-to-resi moves
Mike Shenouda’s firm picked up two loft buildings for under $7M
Oct 2, 2024
Ranking: @properties still Chicago’s top brokerage as Compass narrows gap
Suburban expansion was name of the game in sales growth this year
Oct 4, 2024
South suburban property owners carry heavier tax load
Economically disadvantaged towns pay higher tax rates than Chicago
Oct 3, 2024
Campari, R2 seek $28M from city for Loop office-to-resi conversion
Would be first to benefit from initiative formerly known as LaSalle Street Reimagined
Dallas
Oct 2, 2024
Uptown Dallas’ $1B transformation into Y’all Street
Three upcoming projects aim to remake Uptown Dallas into headquarters for Y’all Street — Texas’ answer to Wall Street
Austin
Oct 3, 2024
MML, Riverside score $193M construction loan for lux Austin condos
Project in Clarksville secures one of Austin’s largest such loans in recent memory
Dallas
Oct 3, 2024
Fundamental flips script on multifamily co-investor WindMass in countersuit
Fundamental claims its funded $83M in funding requests while WindMass gave just $4M
Dallas
Oct 3, 2024
Agarwal, StreetLights going highrise at 97-acre JCPenney campus
Two apartment towers, 1.2 million square feet of office, plus retail planned in Plano
Dallas
Oct 4, 2024
Tiger Woods drives luxury golf course development in Aledo
Andy and Kristin Mitchell of Lantern Capital Partners leading development of homes priced $1.5 million to $4.5 million on private club
San Antonio
Oct 3, 2024
Defense industry office REIT picks up vacant West Side asset
Was listed for for $21 million, or about $261 per square foot
Oct 3, 2024
Keller Williams exec accused of accepting kickbacks
Latest claims against former president Josh Team join line of legal back-and-forth
Oct 2, 2024
NAR chief legal officer Katie Johnson out
Trade group denies rumors of exec being fired
Oct 3, 2024
Sonder looks to survive by renegotiating leases, finding partners
Short-term rental operator warned of serious trouble last week
Washington D.C.
Oct 2, 2024
In landlord victory, DC cuts back tenant protections
Officials cited unintended consequences of pandemic-era policies
Oct 5, 2024
Punishment dealt to accused Australian real estate saboteur
Roger Agha allegedly changed contact info of hundreds of clients before exiting brokerage
Seattle
Oct 4, 2024
Avalara moves HQ from Seattle, downsizes offices at former hub
Tax software firm will exit 152K sf in Pioneer Square and sublease site on the waterfront
National
Oct 5, 2024
Punishment dealt to accused Australian real estate saboteur
Roger Agha allegedly changed contact info of hundreds of clients before exiting brokerage
Chicago
Oct 4, 2024
South suburban property owners carry heavier tax load
Economically disadvantaged towns pay higher tax rates than Chicago
South Florida
Oct 4, 2024
Former TV advertising boss sells Jupiter spec mansion for $16M
Buying entity’s lawyer also linked to seller of $11M Jupiter Inlet Colony this week
South Florida
Oct 4, 2024
Resi roundup: Homebuilding, mini golf moguls buy South Florida properties
Deals spanned Miami Beach to Jupiter Inlet Colony and ranged from $7.8M to $11M
South Florida
Oct 4, 2024
Miami-Dade condo sales drop in September to $438M
Number of closings fell to 626 from 712 in August
New York
Oct 3, 2024
Real estate execs exchange $9M Midwood home
Azrak, Sutton deal one of several high-priced transactions in the area
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San Francisco
Oct 4, 2024
FibroGen will pay $10M to exit HQ lease in SF’s Mission Bay
Failed clinical trials push drug company to early exit from 18-year home
Los Angeles
Oct 4, 2024
Universal Music Group’s Santa Monica HQs trades for $185M
Drawbridge Realty pays nearly $820 psf for single-tenant office building
New York
Oct 4, 2024
Manhattan retail availability hits record low: report
Recovery pushes rate down to 14.7%, barely half of pandemic peak
Chicago
Oct 4, 2024
South suburban property owners carry heavier tax load
Economically disadvantaged towns pay higher tax rates than Chicago
Los Angeles
Oct 4, 2024
OC investors pay $77M for Highlands Corporate Center in San Diego
Five-building office campus with 90% occupancy rate trades for $350 psf
New York
Oct 4, 2024
Monopoly experience leases 50K sf at SJP’s 11 Times Square
South Florida
Oct 4, 2024
Morgan and Carlyle pay $19M for Pompano Beach dev site that includes closed Macy’s store
JV is planning 356-unit apartment complex on 12-acre assemblage
Dallas
Oct 4, 2024
Tiger Woods drives luxury golf course development in Aledo
Andy and Kristin Mitchell of Lantern Capital Partners leading development of homes priced $1.5 million to $4.5 million on private club
Chicago
Oct 4, 2024
Related Midwest faces $175M foreclosure on apartment tower
MassMutual refinanced 47-story property in 2014 and sued after granting forbearance Related and its partner, an arm of the AFL-CIO
Chicago
Oct 4, 2024
Discounts drive Honore’s Lincoln Park office-to-resi moves
Mike Shenouda’s firm picked up two loft buildings for under $7M
Austin
Oct 3, 2024
MML, Riverside score $193M construction loan for lux Austin condos
Project in Clarksville secures one of Austin’s largest such loans in recent memory
South Florida
Oct 3, 2024
Meta Development plans Brickell boutique condominium
Miami-based firm wants to build a lowrise with 36 units starting at $2.5M