Chetrit’s lux Gramercy condo project has “serious and substantial defects”, board alleges
Board: Units are “unmarketable” because of shoddy construction work
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Fifth Wall CEO: Three signs proptech’s pain is ending
Brendan Wallace on what went wrong and why property technology will emerge stronger
Development
Chicago
New York developers pulling trigger on office-to-resi conversion
JK Equities, Time Equities bought Lightner Building in 2015, partnering with local firm Oak Capitals
Commercial
Los Angeles
Amid claims of price gouging, agents say not all are “bad apples”
Some change rates to fix technical glitches or adjust terms, others to profiteer
Politics
National
Steve Witkoff plays role in Gaza ceasefire deal
Developer picked as Donald Trump’s Middle East envoy
Residential
Tri-State
Cheaper, but no more livable? Harry Macklowe drops ask on troubled Hamptons estate
Certificate of occupancy in question for East Hampton home asking $33M
Residential
New York
Federal judge in New York denies bail for all three Alexander brothers
Judge rejected bail appeals from attorneys for Tal and Alon; ordered Oren to remain in jail
Residential
Los Angeles
For home insurance market, LA fires come at critical moment
As adjusters set up command posts, insurers brace for huge losses and higher premiums
Marketing
National
Top investors, developers, architects and more confirmed to speak at Future City
VC Brendan Wallace, developer Danny Haber, architect Robert Fuller and more will join three-day gathering for networking and dealmaking
Jan 17, 2025
Chetrit’s lux Gramercy condo project has “serious and substantial defects”, board alleges
Board: Units are “unmarketable” because of shoddy construction work
Tri-State
Jan 17, 2025
Elliman’s top Connecticut team jumps to Compass
Jennifer Leahy’s 7-person team departing after 10 years
Jan 16, 2025
Chella Safra buys 907 Fifth Avenue co-op for $38M
Brazilian banker’s widow bought the unit from hedge funder Boaz Weinstein
Jan 17, 2025
The Daily Dirt: How to fake support for a bill
Council members have it both ways on construction wage measure
Jan 16, 2025
NYC industrial market posts busiest year since 2020
Activity declined in the fourth quarter but vacancy remains tight
Jan 16, 2025
Hochul cracks down on rent-stabilized landlords, requiring them to return security deposits
Rent-stabilized tenants were “erroneously” omitted from the 2019 state law
Jan 16, 2025
Trump scores final approval for 1,500 condos at Trump National Doral
Council greenlit rezoning of 56 acres, site plan for phased project with 20-story towers
Jan 16, 2025
Nick of time: Penn-Florida files bankruptcy on Boca Raton Via Mizner rentals, dodging $145M UCC auction
Company sought Chapter 11 reorganization on Wednesday, prior to the foreclosure sale scheduled for the same day
Jan 16, 2025
Planned oceanfront Manalapan spec mansion next to Larry Ellison’s estate lists for $285M
Former mayor paid $27.5 million for the land last year
Jan 16, 2025
"Bogus, fire-sale prices": Former exec sues Alden affiliate over alleged lowball buyout offer on multiple properties
Joseph Miller says he's seeking "book value" from the investment firm that owns Tribune Publishing and real estate nationwide
Jan 16, 2025
Miami-Dade pays $17M for industrial sites to use as staging for airport improvements, expansion
Prologis, led by Hamid Moghadam, sold the four-building complex
Jan 16, 2025
Related, BH launch sales for Viceroy Residences Aventura
Prices at 28-story, 274-unit tower start at $900K
Jan 16, 2025
Amid claims of price gouging, agents say not all are “bad apples”
Some change rates to fix technical glitches or adjust terms, others to profiteer
Jan 16, 2025
Honeymoon home of Elvis and Priscilla in Palm Springs lists for $9.3M
Mid-Century house designed by William Krisel resembles a 1960s spaceship
Jan 16, 2025
Needle for estimated LA fire damages swings from $50B to $275B
Forecasters face off with Beacon Economics and AccuWeather at ends of the spectrum
Jan 16, 2025
LA to consider rent freeze and eviction moratorium for fire victims
City Council motion follows allegations of price gouging by landlords
Jan 15, 2025
Hankey Capital proposes 90-unit apartment building in Santa Monica
Eight-story project began as a former builder’s remedy filing by WS Communities
Jan 14, 2025
Mayor Bass’ new executive order aims to streamline rebuilding LA
New rules require city to review projects in 30 days, waive discretionary hearings
Jan 16, 2025
Brother of new SF mayor leaves Compass for Side-affiliated agency
Alexander Fromm Lurie is moving to City Real Estate after eight years at Compass
Jan 16, 2025
Shorenstein cuts seven executives as it grapples with office distress
SF landlord cites “headwinds” in the market as reason to “rightsize” management ranks
Jan 16, 2025
Investors buy more offices in SF, push up average price to $310 psf
23 buildings sold in city last year for a total $916M, more than 2022 and 2023 combined
Jan 15, 2025
Alameda County agrees to final talks over sale of Oakland Coliseum
African American Sports and Entertainment Group aims to redevelop 112-acre complex
Jan 15, 2025
Hotel development stalls across the Bay Area and all of California
Development pipeline dries up as 75% fewer properties opened last year in region
Jan 15, 2025
Harvest Properties loses 11-story Oakland office building to lender
Investor gives former Leamington Hotel to CIT Bank after failing to pay $36M debt
Jan 16, 2025
Joy Jordan verges on resurrecting $170M Fulton Market development deal
First-time builder nearing legal settlement with seller of Sangamon Street site
Jan 16, 2025
Matt Laricy opens first suburban office in high-end Hinsdale
Cook County's top broker aims to serve clients moving out of Chicago instead of referring out big buyers
Jan 16, 2025
Chicago Housing Authority ordered to pay $24M in lead paint case
Children permanently injured by lead poisoning; housing authority knew of contamination
Jan 16, 2025
Reverse mortgage scammer Mark Diamond sentenced to 17 years in prison
Chicago businessman victimized elderly, vulnerable residents in yearslong scheme with promises to fund repairs that were never made
Jan 15, 2025
Bally’s seeks key property tax break for $1.7B Chicago casino
Gambling firm faces potential political roadblocks with bid to cut assessments by more than half over a decade
Jan 15, 2025
Baum pounces as Ameritus faces foreclosure on suburban Chicago office
Landlord was in default on an $10.6 million loan tied to a Deerfield building before loan note changed hands
Jan 14, 2025
Real Estate proposals to watch in this year’s Texas Legislature
Biennial legislative session opens today, with proposals on property taxes, price disclosure, foreign buyers and corporate landlords
Fort Worth
Jan 16, 2025
Lennar brings 1,800-acre boom to sleepy Wise County town
Plans for 4,000 homes to increase New Fairview’s population eightfold
Austin
Jan 15, 2025
Developer Nate Paul pleaded guilty to lying to lenders, skirts trial
Head of World Class Holdings could face six months in federal prison, $1M fine
Dallas
Jan 15, 2025
Dallas developer Mehrdad Moayedi loses home to wildfires
Centurion American Development chief owned property in Malibu
Dallas
Jan 16, 2025
Venu tackles $300M McKinney amphitheater development
City and its economic development arms investing undisclosed amount of public money; Troy Aikman involved with marketing
Dallas
Jan 16, 2025
H-E-B pushes into Dallas proper at last with 10-acre buy
San Antonio-based grocer’s rapid expansion into North Texas finally crossed the city line
Jan 16, 2025
Fifth Wall CEO: Three signs proptech’s pain is ending
Brendan Wallace on what went wrong and why property technology will emerge stronger
Las Vegas
Jan 15, 2025
LA fires could send displaced residents flocking to nearby Las Vegas
Influx likely to put pressure on tight housing market in Nevada, experts say
Jan 15, 2025
Compass stock jumps 20% as it raises outlook
Company added 650 principal agents organically in the fourth quarter of 2024
Jan 14, 2025
Top investors, developers, architects and more confirmed to speak at Future City
VC Brendan Wallace, developer Danny Haber, architect Robert Fuller and more will join three-day gathering for networking and dealmaking
Atlanta
Jan 16, 2025
Local developer adding 400 keys to busy hotel pipeline
Plans to build two 12-story hotels on a half-acre site just south of Midtown
Seattle
Jan 16, 2025
Landmark Event buys Pier 70 in Seattle for $11M, or $102 psf
Restoration firm plans to turn waterfront offices into an incubator for AI startups
Tri-State
Jan 17, 2025
Elliman’s top Connecticut team jumps to Compass
Jennifer Leahy’s 7-person team departing after 10 years
Chicago
Jan 16, 2025
Chicago Housing Authority ordered to pay $24M in lead paint case
Children permanently injured by lead poisoning; housing authority knew of contamination
Los Angeles
Jan 16, 2025
Needle for estimated LA fire damages swings from $50B to $275B
Forecasters face off with Beacon Economics and AccuWeather at ends of the spectrum
Chicago
Jan 16, 2025
Matt Laricy opens first suburban office in high-end Hinsdale
Cook County's top broker aims to serve clients moving out of Chicago instead of referring out big buyers
South Florida
Jan 16, 2025
Related, BH launch sales for Viceroy Residences Aventura
Prices at 28-story, 274-unit tower start at $900K
San Francisco
Jan 16, 2025
Brother of new SF mayor leaves Compass for Side-affiliated agency
Alexander Fromm Lurie is moving to City Real Estate after eight years at Compass
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New York
Jan 17, 2025
The Daily Dirt: How to fake support for a bill
Council members have it both ways on construction wage measure
South Florida
Jan 16, 2025
Miami-Dade pays $17M for industrial sites to use as staging for airport improvements, expansion
Prologis, led by Hamid Moghadam, sold the four-building complex
San Francisco
Jan 16, 2025
Shorenstein cuts seven executives as it grapples with office distress
SF landlord cites “headwinds” in the market as reason to “rightsize” management ranks
San Francisco
Jan 16, 2025
Investors buy more offices in SF, push up average price to $310 psf
23 buildings sold in city last year for a total $916M, more than 2022 and 2023 combined
South Florida
Jan 16, 2025
Nick of time: Penn-Florida files bankruptcy on Boca Raton Via Mizner rentals, dodging $145M UCC auction
Company sought Chapter 11 reorganization on Wednesday, prior to the foreclosure sale scheduled for the same day
Seattle
Jan 16, 2025
Landmark Event buys Pier 70 in Seattle for $11M, or $102 psf
Restoration firm plans to turn waterfront offices into an incubator for AI startups
Dallas
Jan 16, 2025
Venu tackles $300M McKinney amphitheater development
City and its economic development arms investing undisclosed amount of public money; Troy Aikman involved with marketing
Dallas
Jan 16, 2025
H-E-B pushes into Dallas proper at last with 10-acre buy
San Antonio-based grocer’s rapid expansion into North Texas finally crossed the city line
Atlanta
Jan 16, 2025
Local developer adding 400 keys to busy hotel pipeline
Plans to build two 12-story hotels on a half-acre site just south of Midtown
Fort Worth
Jan 16, 2025
Lennar brings 1,800-acre boom to sleepy Wise County town
Plans for 4,000 homes to increase New Fairview’s population eightfold
Chicago
Jan 16, 2025
Joy Jordan verges on resurrecting $170M Fulton Market development deal
First-time builder nearing legal settlement with seller of Sangamon Street site
South Florida
Jan 16, 2025
Trump scores final approval for 1,500 condos at Trump National Doral
Council greenlit rezoning of 56 acres, site plan for phased project with 20-story towers