CommercialNew YorkSale of NYC office building once worth $332M closes for 97% lessBuyer pays $8.5M for Midtown property auctioned on Ten-X
ResidentialSouth FloridaDamage from hurricanes Helene, Milton could top $200BTampa Bay region is bracing for the 1-in-100-year event, as South Florida faces tropical storm conditions
MagazineNew York Mickey Rabina and the supertall tower on Fifth After making a fortune post-1980s recession, well-connected exec honed in on projects that “made sense"
CommercialNew YorkFortress can come after Charles Cohen for $187M guaranty, court rulesLender must wait for $534M foreclosure auction to close to collect
DevelopmentNew YorkKushner unloads yet another East Village portfolio for $38MCEO Laurent Morali: Environment in NYC “has become inhospitable”
MagazineNationalCan Compass keep the wins coming?Resi giant notched its first profit, but high liabilities and shaky cash position could dampen its future
ResidentialSouth FloridaIsaac Lustgarten exits Alexanders’ Official, joins CorcoranWhat's left for the embattled firm?
CommercialNew York15 and counting: Rialto files to foreclose on another Signature Bank borrowerServicer’s suits allege $300M in defaults on failed bank’s loans
MagazineDallasWall to Y’all: Can Dallas’ $1B transformation give NYC a run for its money?Developers believe the Texas city can become the nation's new financial hub
MagazineLos AngelesLA’s top contractors find work in sleepy marketHensel Phelps Construction, Toll Brothers lead rankings as infrastructure projects buoy Los Angeles
MagazineNationalTides’ turnaround strategy: total transparency The embattled syndicator needs to resell itself to lenders and investors. Can it do so by copping to its mistakes?
Oct 9, 2024Google renews 300K sf at Vornado/Related buildingSearch giant stays at 85th 10th Avenue, maintaining huge presence on West Side
Oct 9, 20247M sf of Manhattan office space have disappeared. Here’s howConversions help shrink oversupply
Oct 8, 2024How one developer is selling Brooklyn townhouses for eight figuresEckstrom’s husband and wife duo are snapping up vacant multifamily properties and converting them into massive townhouses
Oct 9, 2024The Daily Dirt: Council says City of Yes is not enough Speaker Adrienne Adams pledges to do more on housing
Oct 9, 2024Primark picks Vornado property in Herald Square for first Manhattan location Irish fashion retailer leasing 79K sf at 150 West 34th Street, former Old Navy store
Oct 9, 2024Samson suffers $44M loss on Gowanus office salePearl Realty picks up 92 Third Street for $29.5M
Oct 8, 2024Damage from hurricanes Helene, Milton could top $200BTampa Bay region is bracing for the 1-in-100-year event, as South Florida faces tropical storm conditions
Oct 8, 2024Elliott completes Brickell office tower purchase for $443M, solidifying the hedge fund’s position as major South Florida playerPaul Singer’s firm acquired 701 Brickell, a 33-story office high-rise, from Nuveen Real Estate
Oct 8, 2024That’s hot: Hiltons expanding brokerage to Palm Beach amid market boomEast coast arrival comes less than a year after Hilton Hilton launch in Beverly Hills
Oct 8, 2024Site Centers offloads another South Florida retail property, selling Boynton Beach shopping center for $31MDRA Advisors bought The Village Square at Golf, anchored by kosher grocery store KC Market
Oct 9, 2024Oil heiress sells Manalapan mansion for $16M, as tony enclave heats upEstate spans 1.7 acres, 150 ft of oceanfront and 150 ft of Intracoastal Waterway
Oct 9, 2024Murano at Portofino closing tops Miami-Dade weekly condo salesTop 10 sales ranged from $1.3M to $6.9M
Oct 8, 2024Beverly Park French Chateau listed at $48.5M tops LA contract listCountywide, luxury volume picked up last week to $208M, according to weekly report
Oct 8, 2024Former LA Deputy Mayor Raymond Chan gets prison time for briberyLast defendant in City Hall corruption scheme led by José Huizar sentenced to 12 years
Oct 8, 2024Noodle maker beats appeal to expand ramen plant in IrvineMaruchan’s industrial building will add three more production lines for fast-cook fare
Oct 8, 2024Allegro Capital moves ahead on 41-unit complex in GlendaleSix-story building would stand a block from a Metrolink station with access to DTLA
Oct 9, 2024Aflalo unveils look of Beverly Hills project on Pavilions siteBuilders’ remedy apartment building with 110 units would include a 16K sf supermarket
Oct 7, 2024Ghost kitchen accuses Brookfield of water damage in DTLA basementCity Storage sues for $5M over alleged pools and mold under Subway Terminal Building
Oct 8, 2024CBRE snags top Bay Area life science agents from NewmarkMary Hines and Jennifer Vergara to serve as vice chairs in “supply glut” sector
Oct 8, 2024AI specialist brokerage Raise Commercial acquired by JLLSF startup beat bigger competitors in landing office deals for OpenAI and Anthropic
Oct 7, 2024Black-led group renegotiates purchase of Oakland Coliseum for $125MAfrican American Sports & Entertainment Group will speed up payment plan with city
Oct 8, 2024Seller lops $6M off price of mansion on SF’s Billionaires’ RowFamily behind Weyerhaeuser lumber fortune seeks $32M for former priciest listing in town
Oct 7, 2024Z&L project pivots from for-sale condos to rentals in San Jose Developer of twin 320-unit towers seeks income stream while juggling multiple lawsuits
Oct 8, 2024Prologis sorts out portfolio with suburban warehouse salesAmstar Group paid $106M for assets in Naperville and Romeoville
Oct 7, 2024Brokers accused of RICO scheme, allegedly defrauding resi investorsThirteen lawsuits accuse Laurena Mikosz, Marcin Chojnacki of luring buyers through social media ads, lying about property
Oct 8, 2024Harrison Street raises $2.5B for student housing, data centersChicago-based firm already deployed 70% of capital on in-demand asset classes
Oct 8, 2024Bleeding continues in downtown Chicago office marketVacancy rate is flat, but more pain is coming, according to CBRE
Oct 9, 2024Rialto seeks buyer for distressed Rolling Meadows office complexRubenstein Partners, Glenstar defaulted on $85M securitized mortgage last year
Oct 7, 2024Lakefront mansion asks $11M amid suburban luxury’s hot streak Glencoe home would be most-expensive in five years at that price
DallasOct 2, 2024Wall to Y'all: Can Dallas' $1B transformation give NYC a run for its money?Developers believe the Texas city can become the nation's new financial hub
San AntonioOct 8, 2024Blueprint Hospitality’s office-to-hotel conversion drowns in debtAlleged water damage, loan defaults at center of foreclosure lawsuit
Fort WorthOct 7, 2024S2 Capital protégé brings $59M multifamily to North Richland HillsCover2 Capital’s first project, Wheelhouse, will have 10K sf of retail in Fort Worth suburb
Fort WorthOct 8, 2024Google snaps up another 1.1M sf in rapid Texas expansionLease in Majestic Realty’s Silver Creek Business Park is part of broader plan to invest $1B into cloud storage and data centers across state
HoustonOct 8, 2024Will Houston hike property taxes amid financial strains? Natural disasters allow cities to bypass state laws limiting rate increases, but Mayor John Whitmire isn’t going for that
San AntonioOct 8, 2024Nursing college takes full-building lease of former USAA locationPlans $15.5 million renovation in hot northwest submarket
Oct 7, 2024Hurricane Helene victims face second shock: denial of insurance claims Coverage restrictions, dearth of separate flood policies spell trouble
Oct 7, 2024eXp hops onboard brokerage settlement train Brokerage paying $34M to settle commission suits
Oct 5, 2024Punishment dealt to accused Australian real estate saboteurRoger Agha allegedly changed contact info of hundreds of clients before exiting brokerage
NashvilleOct 7, 2024Builder brings Austin modern chic to growing Nashville luxury marketSett Studio plans 10 homes in Green Hills with prices starting at $3.5M
Las VegasOct 8, 2024Las Vegas leads the US in new home listings growthOwners want to sell, prompting year-over-year 12.8% uptick in homes on the market
PhiladelphiaOct 8, 2024KKR buys Philly warehouse from Dov Hertz for $83M Distribution warehouse leased to TJMaxx parent company
Los AngelesOct 9, 2024Aflalo unveils look of Beverly Hills project on Pavilions siteBuilders’ remedy apartment building with 110 units would include a 16K sf supermarket
South FloridaOct 9, 2024Oil heiress sells Manalapan mansion for $16M, as tony enclave heats upEstate spans 1.7 acres, 150 ft of oceanfront and 150 ft of Intracoastal Waterway
South FloridaOct 9, 2024Murano at Portofino closing tops Miami-Dade weekly condo salesTop 10 sales ranged from $1.3M to $6.9M
Los AngelesOct 8, 2024Allegro Capital moves ahead on 41-unit complex in GlendaleSix-story building would stand a block from a Metrolink station with access to DTLA
Tri-StateOct 8, 2024Off-market $10M deal breaks North Fork record this yearMattituck waterfront cottage sold for double the price of hamlet’s top sale
ChicagoOct 9, 2024Rialto seeks buyer for distressed Rolling Meadows office complexRubenstein Partners, Glenstar defaulted on $85M securitized mortgage last year
New YorkOct 9, 2024Primark picks Vornado property in Herald Square for first Manhattan location Irish fashion retailer leasing 79K sf at 150 West 34th Street, former Old Navy store
New YorkOct 9, 2024Samson suffers $44M loss on Gowanus office salePearl Realty picks up 92 Third Street for $29.5M
New YorkOct 9, 2024Google renews 300K sf at Vornado/Related buildingSearch giant stays at 85th 10th Avenue, maintaining huge presence on West Side
ChicagoOct 8, 2024Harrison Street raises $2.5B for student housing, data centersChicago-based firm already deployed 70% of capital on in-demand asset classes
Los AngelesOct 8, 2024Noodle maker beats appeal to expand ramen plant in IrvineMaruchan’s industrial building will add three more production lines for fast-cook fare
San AntonioOct 8, 2024Blueprint Hospitality’s office-to-hotel conversion drowns in debtAlleged water damage, loan defaults at center of foreclosure lawsuit
Tri-StateOct 8, 2024New Adirondacks resort “thriving,” but owner puts it on market$13M listing aims to attract investor to expand upstate hospitality venture
Fort WorthOct 7, 2024S2 Capital protégé brings $59M multifamily to North Richland HillsCover2 Capital’s first project, Wheelhouse, will have 10K sf of retail in Fort Worth suburb
AustinOct 7, 2024Streamline to bring resi, groceries to fast-growing KyleAustin-based developer plans hundreds of residences, including affordable housing near Austin suburb’s downtown
South FloridaOct 7, 2024P6 enters Miami-Dade market after paying $16M for dev site near Aventura MallBoca Raton-based firm is planning mixed-use project with 210 apartments and 13K sf of offices
ChicagoOct 7, 2024Related Midwest’s quantum computing development is Chicago’s biggest440-acre campus would be site of PsiQuantum’s attempt to make the world’s biggest quantum computer