Inside Spencer Pratt’s bid to be LA’s next mayor
Former reality TV villain galvanized to run after Palisades fire; counts real estate donors among supporters
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New York
What you missed at the NYC Real Estate Forum
Recapping the news from the year’s marquee event
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South Florida
Spirit Airlines ghosted Dania Beach HQ, but potential buyers are waiting in the wings
Budget carrier’s failure left 180,000-square-foot vacancy; Broward County is among takers poised to swoop in
Magazine
New York
Inside the billboard heist at Vornado
How did broker Jared Solomon deceive his co-workers and steal millions from the REIT?
Magazine
San Francisco
After California: Scott Wiener, housing policy wonk, aims for Congress
YIMBY movement gave San Francisco's State Senator a national platform
Commercial
New York
Gary Barnett buys Park Avenue dev site for $500M
Deal locks in biggest piece of massive Midtown assemblage
Politics
Los Angeles
“Gaslit”: Mayoral debate underscores broken trust in city hall
Some in real estate look to hit the exit button on career politicians and go for someone new
Commercial
New York
“Legalize it and tax the sh-t out of it”: Bally’s Soo Kim on gaming
Queens native gives inside look at his NYC casino bid
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National
“Icing on the cake”: Trump’s “big, beautiful” tax law sweetens deals amid surge in owner-user offices
How 100% bonus depreciation juices the math in purchases
What you missed at the NYC Real Estate Forum
Recapping the news from the year’s marquee event
“Agents can get lost in the sauce”: NYC’s indie firms push back on consolidation
How smaller shops are fighting mega-mergers and more in notes from a resi reporter
A solution for vacant units and Mamdani’s trust problem
Renovation program would close gap between mayor, landlords
The Daily Dirt: Waiting for 485x reform? Mamdani admin says wait longer
Meanwhile, LaBarbera pushes to close “loophole”
Brooklyn dealmaker Bert I. Dweck faces barrage of lawsuits over missing money, bad checks
Investors and lenders allege Dweck diverted escrow funds, failed to repay millions in loans and issued checks tied to frozen and nonexistent accounts
NY budget gridlock drags on, landlords push for faster evictions
The city will unveil final budget as state details up in the air
Hotter prices are defrosting Miami’s spec market
Developers are buying up sites in luxury niches, but it’s still a highwire act to keep projects on budget
Resi roundup: Nicolas Sakozy’s brother, Elon Musk’s attorney, developer Ana Codina buy and sell Miami homes
Wife of Fanjul sugar baron purchased Codina’s home
Investors accuse Joe Farrell of using Wellington project as “personal piggy bank”
Hamptons-based developer denied allegations, called lawsuit a “lie”
Spirit Airlines ghosted Dania Beach HQ, but potential buyers are waiting in the wings
Budget carrier’s failure left 180,000-square-foot vacancy; Broward County is among takers poised to swoop in
DOJ docs reveal Jeffrey Epstein ties to Cipriani-linked elite
Emails provide accounts placing him at venue and discussing a potential London business deal with restaurant-linked partners
David Edelstein pays $26M for waterfront home in Miami Beach
Former W South Beach co-owner bought property from Olnick Org chairman
Videos
Protesters interrupt Related CEO Jeff Blau over $2B Hudson Yards subsidy
Why NYC real estate is suddenly all about politics | Deconstruct Season 5 Episode 12
Why Frank Lloyd Wright houses are becoming money pits
Is Texas' bullet train back from the dead?
Inside NYC real estate's can't-miss event
What people get wrong about real estate, according to these pros
“Stop showboating” — NYC developer's message to Mamdani
Vornado's Steve Roth goes OFF on “tax the rich” — earnings call turns fiery
Vornado's Steve Roth BREAKS SILENCE on Mamdani vs. Ken Griffin
NY landlords brace for the Tenant Power Act
Breaking down the Chetrit Group's challenges | Deconstruct Season 5 Episode 11
DOJ moves to seize Beverly Hills mansion owned by top Kurdish general
How The Real Deal broke the Alexander Brothers story
“Scarface” mansion hits market for $237M, priciest in South Florida
The Alexander Brothers: The Crimes | Episode 2
Alexander brothers documentary drops this week
Real estate pros on how social media powers the deal flow
When real estate professionals want to become fund managers, Anchin steps in to help
Frances Katzen on American vs. European buyers | Deconstruct
A Chicago landlord claims a lender TRICKED him into $12M guarantee
Crystal Cove manse back on market for $68M
Home sold for $38M less than a year ago, underwent $1M worth of upgrades
Bill Witte doubles his bet on Matt Mahan
Oceanwide financials, highlights from REITs and more LA commercial real estate news this week
Universe Holdings picks up Encino apartments for nearly $540K per unit
Blackstone affiliate LivCor purchased the 52-unit property in 2017
Pasadena single-family homes poised for multifamily redevelopment
City faces housing production goal of 9.4K new units by 2029
“Status quo not working” as Pratt, Bass, Raman land blows
Plus, what’s happening with the Ad Hoc Committee on Measure ULA and other news in LA politics
Conversion plans for 800K sf UCLA Research Park come into focus
Shuttered Westside mall to get new life as labs, offices
Ansonia Properties buys suburban Chicago apartments for $91M
VennPoint and Matador Capital cash out in hot market
Pritzker pitches housing plan on Chicago broker's podcast
Appearance on Matt Laricy’s podcast extends governor's courtship of the real estate industry
Brookfield dumps Chicago hotel for $29M after pandemic pickup from bankruptcy
Mega-landlord sells Homewood Suites Magnificent Mile to Michigan-based investor Prakash Patel
Chicago South Side landlord Jiazhao Chen faces new $14M foreclosure suit
Distressed landlord is facing more than $90 million in lawsuits tied to sprawling portfolio in Chinatown, Bridgeport
Law firm jumps to La Caisse, Hines’ revamped Riverside Plaza
Hall Prangle taking 29K sf at 10 South Riverside, validating owners’ $75M investment into building improvements
Despite retail boom in Chicago’s Lincoln Park, LLJ working through $10M loan default
San Diego-based borrower’s Armitage Avenue property is in the shadow of the Foundry Park megaproject
Kairos tests SF’s recovering office market with 193K sf FiDi listing
Firm reportedly seeking nearly double what it paid two years ago
Michael Shvo, Germans’ exit from Transamerica Pyramid gets more complicated
Plus, the Bay Area office market sees its first flip as questions arise around proximity vs office quality
Belmont apartments offer bright spot for Bay Area multifamily after $21M trade
Property owners in other cities across region also look to offload residences
Ballast’s Pac Heights hot streak continues with another $35M apartment buy
Carlyle partnership adds another 80 units to growing portfolio
More Oakland apartments up for sale after lender foreclosure
74-unit Ora property delivered at height of local multifamily boom
East Bay hotel finds buyer after foreclosure in region’s latest distressed lodging sale
$20M sale represents less than half of property’s assessed value
“Virtually no new product”: Texas built-to-rent industry spooked in America’s leading market
Cities across the Lone Star State topped national ranking of BTR construction areas last year
“Equity investors should expect a full loss of capital,” warns feeder fund for S2 Capital’s REIT
By the end of 2025, common equity saw 90% value drop per share
“Why wouldn’t you come to Austin?” Dutch architecture firm chooses Austin for first U.S. office
Choice comes amid cooling enthusiasm for Austin as corporate relocation hotspot
How the Fort Worth Stockyards became a chess piece in a “Succession”-level family drama
Plus, ousted Fermi CEO sues for wrongful termination, Old Parkland secures fresh financing and more Texas real estate news this week
JPMorgan Chase lends $400M for AT&T’s Plano headquarters
Dallas’ largest public company announced plans in January to leave city for the suburbs
Fidelis wins piece of Hutto’s long-stalled Cottonwood project amid city’s ongoing lawsuit with Midway
Hutto is shifting gears and dividing the 250-acre site among specialized developers
Barry Sternlicht’s Starwood faces default on $265M hotel portfolio debt
The 2,943-key portfolio was sent to special servicer K-Star’s loan book after cash flow plummeted
Zillow, Realtor.com partner to share pre-market listings
Two largest search portals will host shared pre-market inventory, challenging off-market strategies
Compass cools on growth in first quarter after Anywhere deal
Combined company saw modest gains in revenue, transaction count
LISTEN: Chetrit empire on the brink
“Deconstruct” podcast is live on Apple Podcasts, Spotify and more
Phoenix
Mack moves in on more acreage near chipmaker’s north Phoenix campus
$7B Halo Vista master-planned project part of larger boom near Taiwan Semiconductor Manufacturing Co investment
Blackstone launching lending platform for homebuilders
Venture plans to help construction of 50K homes annually
Brookfield doubles down on Dubai with 480K sf mixed-use venture
Canadian investment giant teams with Alshaya Group despite regional instability
Workspace Group considering sale of most valuable London office
Flexible co-working landlord facing activist investor pressure
More eight-figure sales fuel Hong Kong’s luxury condo surge
Deals for $13M+ surged 157% in first quarter from 2025
Jane Street rapid expansion set to hit London offices
Trading firm negotiating 450K sf lease at JPMorgan development
India, Australia led Asia-Pacific office rent growth in Q1
Global instability having little overall effect on regional demand
Largest REIT in Singapore sells office tower stake to fund luxury mall purchase
CapitaLand’s twin deals signal new juice to Singapore investment market
National
South leads U.S. in existing home sales growth
Deals plunge the most in the Northeast in April, according to the National Association of Realtors
National
Texas leads nation for housing inventory growth
Lone Star State suburbs rank high for population, housing increases over past decade
New York
TRD’s top broker turf wars: How firms are carving up Manhattan
Corcoran tops 70% sale volume in five neighborhoods, but Compass leads in half
National
Pandemic boom markets face a new affordability squeeze
In metros like Tampa and Tucson, home prices are cooling while taxes, insurance and other ownership costs continue to rise.
New York
Manhattan’s top brokerages post $23.4 billion in sales last year as market heats up
Adam Modlin’s firm ranked first for highest average deal size in 2025
National
Office vacancy rates dip, but landlords continue to grapple with hybrid work
Austin continues to have highest office vacancy rate in U.S.
South Florida
Hotter prices are defrosting Miami’s spec market
Developers are buying up sites in luxury niches, but it’s still a highwire act to keep projects on budget
Chicago
Pritzker pitches housing plan on Chicago broker's podcast
Appearance on Matt Laricy’s podcast extends governor's courtship of the real estate industry
South Florida
David Edelstein pays $26M for waterfront home in Miami Beach
Former W South Beach co-owner bought property from Olnick Org chairman
South Florida
Banned financial adviser under contract to sell waterfront Miami home
Also, a Canadian investor found a buyer for South Beach penthouse asking $29M
San Francisco
Belmont apartments offer bright spot for Bay Area multifamily after $21M trade
Property owners in other cities across region also look to offload residences
Los Angeles
Crystal Cove manse back on market for $68M
Home sold for $38M less than a year ago, underwent $1M worth of upgrades
Upcoming Events
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The Sanctuary at Kiawah Island Golf Resort, South Carolina
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Deconstruct
The Real Deal’s Joe Lovinger and Suzannah Cavanaugh break down the newest, biggest trends and concepts in real estate.
Chicago
Law firm jumps to La Caisse, Hines’ revamped Riverside Plaza
Hall Prangle taking 29K sf at 10 South Riverside, validating owners’ $75M investment into building improvements
South Florida
DOJ docs reveal Jeffrey Epstein ties to Cipriani-linked elite
Emails provide accounts placing him at venue and discussing a potential London business deal with restaurant-linked partners
New York
Brooklyn dealmaker Bert I. Dweck faces barrage of lawsuits over missing money, bad checks
Investors and lenders allege Dweck diverted escrow funds, failed to repay millions in loans and issued checks tied to frozen and nonexistent accounts
Chicago
Ansonia Properties buys suburban Chicago apartments for $91M
VennPoint and Matador Capital cash out in hot market
Texas
JPMorgan Chase lends $400M for AT&T’s Plano headquarters
Dallas’ largest public company announced plans in January to leave city for the suburbs
Phoenix
Mack moves in on more acreage near chipmaker’s north Phoenix campus
$7B Halo Vista master-planned project part of larger boom near Taiwan Semiconductor Manufacturing Co investment
Texas
Fidelis wins piece of Hutto’s long-stalled Cottonwood project amid city’s ongoing lawsuit with Midway
Hutto is shifting gears and dividing the 250-acre site among specialized developers
New York
Maverick blocked from auctioning former Flushing theater site
Xin Development puts 135-35 Northern Boulevard into bankruptcy
Texas
How the Fort Worth Stockyards became a chess piece in a “Succession”-level family drama
Plus, ousted Fermi CEO sues for wrongful termination, Old Parkland secures fresh financing and more Texas real estate news this week
South Florida
Spanish developer fires back at Laura Tauber’s suit over massive Live Local Act project
HueHub is slated to be Miami-Dade’s biggest development under the state law
South Florida
Dog track site goes to resi in Kadima Developers’ Hallandale Beach plans
Alejandro Chaberman’s firm and Persea Ventures plan 278 units plus retail space on former Big Easy Casino parking lot
Chicago
Chicago zoning panel clears nearly 2,000 apartments after months-long freeze
West Loop towers, LaSalle conversion and neighborhood projects move ahead as City Hall restarts development pipeline