Broker-fee bill, brought to you by TikTokCouncil member Chi Ossé says social media helped FARE Act pass
PoliticsNew YorkNYC Council’s bills would hurt the tenants they’re trying to helpLocal government tends to make things worse in an effort to make them perfect
CommercialNew YorkSL Green’s $740M loan tied to casino-bid building in special servicingLandlord says it is “finalizing” extension for Times Square tower
CommercialHoustonPoster child for Houston office distress hits market801 Travis Street made waves when its appraisal dipped below loan value
ResidentialLos AngelesMauricio Umansky diversifies revenue streams during downturnBeverly Hills brokerage is opening 30 new offices a year
PoliticsAustinNate Paul ordered to 10-day jail sentence for contempt of courtEmbattled investor told to report to jail today in Mitte Foundation case
PoliticsChicagoMayor backs down from $300M proposed property tax hike Claimed it was just a play to increase engagement on budget process
MagazineChicagoInside Jay Shidler’s ground lease kingdomHawaiian investor built career on unconventional investment method that has added another challenge to beleaguered U.S. offices
MagazineTexasMap shows Shaya Prager’s real estate deals collapsing across USA map of Opal Holdings’ loan defaults, foreclosures and lawsuits
CommercialNew YorkNightingale loses one of last Manhattan properties Namdar, Klosed Properties buying ground lease for $10M
DevelopmentSouth Florida“Flight to Florida” will continue despite high costs, limited inventory: takeaways from The Real Deal Miami forum More than 6,000 people attended TRD’s two-day event, which explored major market trends and challenges and highlighted keynote speakers
MagazineNew YorkInside Simon Dushinsky’s Rabsky GroupQuiet giant of Brooklyn development now plans to build tallest tower in Fort Lauderdale
Nov 14, 2024Eli Karp notches rare victory to keep his $3M Monsey home Investors alleged Karp illegally transferred property to wife’s name to avoid judgment
Nov 14, 2024Elo Organization buying Class B building in Midtown West“You don't need a reason to buy a property in the Midtown area”
Nov 14, 2024NYC Council’s bills would hurt the tenants they’re trying to helpLocal government tends to make things worse in an effort to make them perfect
Nov 14, 2024Broker-fee bill, brought to you by TikTokCouncil member Chi Ossé says social media helped FARE Act pass
Nov 14, 2024More space, less money: Michael Kors halves rent at Plaza District propertyHartz Mountain doubles, extends retailer at 667 Madison Avenue
Nov 14, 2024Carlyle gets in on Ofer Yardeni’s UES luxury rental dealPartners purchased CIM’s 165 East 66th Street for hefty discount
Nov 13, 2024Two Roads joins Harvey Hernandez on three-tower Miami River projectNewgard CEO says 50-50 partnership is “almost like a marriage”
Nov 13, 2024Condo buyer sues developer of Amrit project on Singer Island over association controlComplaint hinges on state law governing developer turnover of condo associations
Nov 13, 2024Abacus Capital pays $33M for multifamily dev site in Palm Beach Gardens, amid record apartment pipeline Property is within Catalfumo Companies’ PGA Station mixed-use project
Nov 13, 2024Estate lands $110M refi for North Miami Beach rental tower, as financing continues to flow in South Florida Lender Ares Management has been steadily amplifying its investments in the Sunshine State in recent years
Nov 14, 2024Car dealer sells sprawling Southwest Ranches estate for $15MLipton Toyota President Steven Jensen built 16K sf mansion on nearly 5 acres in 2019
Nov 14, 2024Beresford closing tops Palm Beach County weekly condo salesTop 10 sales ranged from $800K to $3.7M
Nov 13, 2024Mauricio Umansky diversifies revenue streams during downturnBeverly Hills brokerage is opening 30 new offices a year
Nov 13, 2024LA’s “mansion tax” comes to collect from nonprofit home buildersMeasure ULA exemptions exist for charitable buyers, not sellers of big-money properties
Nov 13, 2024Music agency Concord leases indoor-outdoor offices in Beverly HillsNashville firm takes up sixth-floor penthouse for undisclosed terms
Nov 13, 2024American Freight to close 328 stores, including 10 in SoCalDiscount furniture chain stung by same economy that shut Big Lots and 99 Cents Only
Nov 14, 2024McG and John Mayer buy historic Hollywood movie lot for $40MJim Henson Company’s studio was founded a century ago by Charlie Chaplin
Nov 12, 2024Security features send Hidden Hills house listed at $24M into contractAsking dollar volume of LA County luxury homes totals $124M last week
Nov 13, 2024Acacia Capital buys Bay Area apartments for $184 millionSale represents a nearly $29 million loss for seller Nuveen
Nov 13, 2024Buchanan Street puts life science campus in Newark on marketSoCal firm’s flip strategy hits headwinds after investing $46M in East Bay property
Nov 13, 2024SF’s Jackson Square sales continue with four-story office buildingOakland-based David Herscowitz trades property after appraisal cuts value 38%
Nov 12, 2024Zendesk becomes latest tech firm to leave SF’s Mid-MarketWith new headquarters in SoMa, software firm follows path of X, Spotify, Uber and Block
Nov 12, 2024Strada seeks to build homes at stalled office project site in SFPlanning commission agrees to rezone parcel in central SoMa, but will Alexandria sell it?
Nov 12, 2024Community Housing to build apartments on church site in BerkeleyNonprofit plans 80 units for seniors with funds from California tax credit program
Nov 13, 2024Bridge lender Vaster foreclosing on $120M Villa Park development siteBurr Ridge-based developer Ganesan Visvabharthy has run out the clock in western Chicago suburb
Nov 13, 2024Billionaire Ken Griffin sets record with $15M loss on condo salesCitadel founder sold two floors in Chicago’s priciest residential sale this year
Nov 13, 2024Continental scores $54M construction loan for suburban apartments Development site purchased from Deutsche Bank affiliate aimed at hot suburban multifamily market
Nov 12, 2024Lincoln Park developers eager for land amid high demand for condosTeardowns drawing condo buyers away from downtown
Nov 12, 2024Cook County’s Samantha Steele arrested on drunk-driving chargeSteele plays crucial role in property tax appeals as a Board of Review commissioner
Nov 12, 2024Vista Property scores $32M refi on risky post-pandemic office betStarted construction on 15-story West Loop development in 2021
HoustonNov 13, 2024Poster child for Houston office distress hits market801 Travis Street made waves when its appraisal dipped below loan value
AustinNov 13, 2024Sam Zell’s firm offloads Austin office assets at $50M lossEquity Commonwealth is liquidating its real estate holdings at the request of shareholders, following Zell’s death last year
DallasNov 13, 2024Central Market’s Uptown store picks up steam againKDC dropped tower idea for former Albertsons site, but H-E-B is moving ahead with store for upscale brand
Nov 4, 2024Map shows Shaya Prager’s real estate deals collapsing across USA map of Opal Holdings’ loan defaults, foreclosures and lawsuits
San AntonioNov 13, 2024Oxbow seeks 10-year tax break for market-rate apartmentsPearl developer is expanding across the San Antonio River
DallasNov 12, 2024Crow Holdings drops tenants at shopping center near downtownFour tenants have exited Sylvan Thirty recently, but roster of longtime tenants remains
Nov 12, 2024Opendoor lays off 300 after $78M third quarter lossiBuyer executed third major round of cuts in as many years
Nov 8, 2024Whereabouts unknown: Side seeks restraining order against Oren, Tal AlexanderBrokerage suing over unpaid loan has been unable to serve former top brokers with the lawsuit
Nov 8, 2024Fortress wins auction for Charles Cohen properties in largest-ever UCC foreclosureDebt holder passes on Landmark Theatres, concession business
Nov 8, 2024CoStar reported Realtor.com for claiming it’s the #1 site real estate professionals trust, but BBB said it’s fair gameReal estate data giants continue to fight it out over website rankings, in and out of court
AtlantaNov 14, 2024E|Spaces pushes into growing coworking marketNashville firm’s full-floor lease highlights trend toward suburban locations
DenverNov 13, 2024CIM Group buys 22-story apartment towers in Denver for $102MLuxury complex near Coors Field includes 351 units, members-only club and retail
South FloridaNov 14, 2024Car dealer sells sprawling Southwest Ranches estate for $15MLipton Toyota President Steven Jensen built 16K sf mansion on nearly 5 acres in 2019
South FloridaNov 14, 2024Beresford closing tops Palm Beach County weekly condo salesTop 10 sales ranged from $800K to $3.7M
San FranciscoNov 13, 2024Acacia Capital buys Bay Area apartments for $184 millionSale represents a nearly $29 million loss for seller Nuveen
South FloridaNov 13, 2024Condo buyer sues developer of Amrit project on Singer Island over association controlComplaint hinges on state law governing developer turnover of condo associations
DenverNov 13, 2024CIM Group buys 22-story apartment towers in Denver for $102MLuxury complex near Coors Field includes 351 units, members-only club and retail
South FloridaNov 13, 2024Developer drops $21M on waterfront Sunset Islands teardownHe immediately listed it for rent for $30K a month
New YorkNov 14, 2024More space, less money: Michael Kors halves rent at Plaza District propertyHartz Mountain doubles, extends retailer at 667 Madison Avenue
Los AngelesNov 14, 2024McG and John Mayer buy historic Hollywood movie lot for $40MJim Henson Company’s studio was founded a century ago by Charlie Chaplin
New YorkNov 14, 2024Carlyle gets in on Ofer Yardeni’s UES luxury rental dealPartners purchased CIM’s 165 East 66th Street for hefty discount
AtlantaNov 14, 2024E|Spaces pushes into growing coworking marketNashville firm’s full-floor lease highlights trend toward suburban locations
New YorkNov 14, 2024Eli Karp notches rare victory to keep his $3M Monsey home Investors alleged Karp illegally transferred property to wife’s name to avoid judgment
New YorkNov 14, 2024Elo Organization buying Class B building in Midtown West“You don't need a reason to buy a property in the Midtown area”
San AntonioNov 13, 2024Oxbow seeks 10-year tax break for market-rate apartmentsPearl developer is expanding across the San Antonio River
South FloridaNov 13, 2024Two Roads joins Harvey Hernandez on three-tower Miami River projectNewgard CEO says 50-50 partnership is “almost like a marriage”
New YorkNov 13, 2024AG accuses Craig Nassi of fraud at Fort Greene projectDeveloper allegedly botched foundation, forcing residents to evacuate
BostonNov 13, 2024Boston’s vacant public land could harbor 85K homesUtilizing just 5% of such land could add surge of units
ChicagoNov 13, 2024Bridge lender Vaster foreclosing on $120M Villa Park development siteBurr Ridge-based developer Ganesan Visvabharthy has run out the clock in western Chicago suburb
Los AngelesNov 13, 2024LA’s “mansion tax” comes to collect from nonprofit home buildersMeasure ULA exemptions exist for charitable buyers, not sellers of big-money properties