Mortgage fraud co-conspirator sentenced to “significant” 30 months
Moshe Silber, now banned from industry, once held $1B in real estate
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Commercial
National
Fannie Mae secures receiver for Mendel Steiner’s properties
Judge granted emergency motion over late investor’s rentals in Cleveland
Politics
National
Trump begins push to use federal land for new housing
A taskforce will identify federal land suitable for affordable homes
Commercial
Chicago
Heitman exits loft office portfolio distress as note buyer takes over
Nonperforming loan purchaser Beltway Capital kept Matt Garrison’s R2 on board
Politics
National
Trump-appointed FHFA director overhauls Fannie Mae, Freddie Mac boards
Bill Pulte will chair boards of both enterprises amid uncertain future
Commercial
New York
Brookfield takes $100M hit on Garment District office
Firm sells 333 West 34th Street for only $150M
Commercial
Chicago
Hamilton seeks reprieve for big office debt as Accesso bleeds equity
Minority owner of Esplanade building in Downers Grove is putting up capital to hang onto property as $69M debt transfers to special servicer
Commercial
National
You’re (not) fired: Government reverses hundreds of lease terminations
Why the Trump admin is tweaking its office downsizing plan
Politics
Los Angeles
LA Mayor Karen Bass wants to pause measure ULA. Can she?
The city’s “Mansion Tax” could make it harder for fire victims rebuild
Tri-State
Mar 18, 2025
Mortgage fraud co-conspirator sentenced to “significant” 30 months
Moshe Silber, now banned from industry, once held $1B in real estate
Mar 18, 2025
B&H Photo bought Brookfield’s 34th Street office building
Iconic camera retailer picked up 333 West 34th Street at steep discount
Mar 18, 2025
Rechler Equity boss sells Park Ave co-op for $11M
Gregg Rechler paid $2.4M in 2005 for unit at 955 Park Avenue
Mar 18, 2025
The Daily Dirt: City kicks off review of 350 Park Avenue
Project is first office tower presented to City Planning in 5 years
Mar 19, 2025
Landlord sues Brandon Miller’s REEC over abandoned Nolita office project
Kinsmen alleges Miller, partner Mark Seigel guaranteed construction
Tri-State
Mar 18, 2025
Wilf family’s New Jersey development raising local worries
Plan to build nearly 500 units exceeds previous West Orange proposal
Mar 18, 2025
Trinity leading development of JMH’s former condo project near Faena District
Developer tapped Serhant to lead sales in Miami Beach; Jason Halpern’s firm to remain involved
Mar 18, 2025
Shoma sheds another property, sells Hialeah project to IMC for $81M
Coral Gables-based firm also recently sold Bird Road dev site to 13th Floor, Related Group and LeFrak
Mar 18, 2025
Integra launches sales for Sereno Fort Lauderdale condos
Prices at 14-story, 76-unit project start at $1.4M
Mar 18, 2025
Tourmaline pays $76M for Coral Gables office complex facing foreclosure
Lender Värde Partners had alleged the previous owner, Affinius Capital, defaulted on a $69M debt
Mar 18, 2025
13th Floor scores $68M construction loan for Davie rentals
Complex will consist of 383 apartments, including 77 workforce
Mar 18, 2025
Estates at Acqualina closing tops Miami-Dade weekly condo sales
Top 10 sales ranged from $3.5M to $25M
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Mar 18, 2025
Savills to consolidate DTLA, Westwood offices in Century City
Brokerage takes 20K sf full floor at 1900 Avenue of the Stars
Mar 18, 2025
Haley Hospitality buys 121-room hotel in Laguna Hills for $17M
Deal comes after investor’s OC hotel deal with 107% return
Mar 18, 2025
Paramount Pictures, Nickelodeon CEO in contract to sell Beverly Hills home
Trousdale Estates five-bedroom listed for $20.8M
Mar 17, 2025
Gehry-designed office building proceeds in Playa Vista
NSB’s plan for 196K sf project suffered 2020 legal setback
Mar 18, 2025
Developers trim Koreatown vision by 32 floors
Townline, Forme advance with 318-unit apartment complex in Koreatown
Mar 17, 2025
Former KB Home CEO lands $27M for Beverly Hills Flats manse
Deal marks yet another trade for city’s Flats neighborhood
Mar 18, 2025
Heitman exits loft office portfolio distress as note buyer takes over
Nonperforming loan purchaser Beltway Capital kept Matt Garrison’s R2 on board
Mar 18, 2025
Henry Crown and Co scores another lease expansion from fintech firm
Bucks trend of companies downsizing; office market’s average lease size increased for first time since pandemic
Mar 18, 2025
Investors snag distressed Chicago Ambassador Hotel at big discount
Gold Coast hotel changed hands after previous owner defaulted on $38.5M following pandemic shutdown
Mar 17, 2025
Hamilton seeks reprieve for big office debt as Accesso bleeds equity
Minority owner of Esplanade building in Downers Grove is putting up capital to hang onto property as $69M debt transfers to special servicer
Mar 18, 2025
LGBTQ+ hotel with rooftop pool among handful of rooms in pipeline
51-key hotel in Northalsted will replace former Yoshi’s Cafe
Mar 17, 2025
Tax stability, retail galore grease Mesirow’s multifamily listing
294-unit apartment complex hits market in Vernon Hills
Dallas
Mar 18, 2025
Kairoi scores $62M refi for Oak Cliff apartments as pipeline slows
Boheme was delivered in 2023; rent growth on horizon with drop off in development
Dallas
Mar 18, 2025
Nasdaq joins Y’all Street movement with Dallas expansion
Wall Street index to open first regional headquarters in Irving
Mar 17, 2025
Highland Park “Mushroom House” at risk under Clay Cooley ownership
Car dealer and wife bought iconic property, two adjacent historic homes
Dallas
Mar 18, 2025
Dallas gets Saks to negotiating table in effort to save Neiman Marcus
City manager to pitch “financially beneficial” deal for downtown flagship
Dallas
Mar 18, 2025
DFW bullet train threatens to derail convention center
Design plans still up in the air months after groundbreaking ceremony
Austin
Mar 18, 2025
$19M mansion hits market as luxury listings swell
Inventory jumped with 48 offerings over $2 million
Mar 13, 2025
Another CrowdStreet exec heads for the exit
Former head of capital markets leaves amid fallout from Nightingale fiasco
Mar 12, 2025
DOGE cancels affordable housing deals in anti-DEI push
Millions of dollars in contracts withdrawn under Elon Musk’s initiative
Mar 12, 2025
White House officials blame Howard Lutnick for Trump’s tariffs chaos
“He’s trying to be a mini-Trump. Only Trump gets to be Trump.”
Mar 11, 2025
Homebuilders resort to desperate measures as Trump’s tariffs loom
Changing materials, stockpiling imports among band-aids as policies take shape
Washington D.C.
Mar 19, 2025
Brookfield records another loss on an office sale
Firm sells property in Arlington for $47M
Atlanta
Mar 18, 2025
JP Morgan lands $176M to buy single-family rental portfolio
Brookfield loan on trend with institutional investment in Sun Belt built-to-rent market
San Francisco
Mar 18, 2025
4Terra, SRM plan to swap offices for apartments near UC Berkeley
JV would tear down a three-story office building to build 201 apartments
Los Angeles
Mar 18, 2025
Developers trim Koreatown vision by 32 floors
Townline, Forme advance with 318-unit apartment complex in Koreatown
Atlanta
Mar 18, 2025
JP Morgan lands $176M to buy single-family rental portfolio
Brookfield loan on trend with institutional investment in Sun Belt built-to-rent market
Austin
Mar 18, 2025
$19M mansion hits market as luxury listings swell
Inventory jumped with 48 offerings over $2 million
Tri-State
Mar 18, 2025
Baking powder heirs list private island in last of Darien holdings
Private Hay Island hits the market for $35M
Los Angeles
Mar 18, 2025
Paramount Pictures, Nickelodeon CEO in contract to sell Beverly Hills home
Trousdale Estates five-bedroom listed for $20.8M
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New York
Mar 19, 2025
Landlord sues Brandon Miller’s REEC over abandoned Nolita office project
Kinsmen alleges Miller, partner Mark Seigel guaranteed construction
Washington D.C.
Mar 19, 2025
Brookfield records another loss on an office sale
Firm sells property in Arlington for $47M
Los Angeles
Mar 18, 2025
Savills to consolidate DTLA, Westwood offices in Century City
Brokerage takes 20K sf full floor at 1900 Avenue of the Stars
Chicago
Mar 18, 2025
Investors snag distressed Chicago Ambassador Hotel at big discount
Gold Coast hotel changed hands after previous owner defaulted on $38.5M following pandemic shutdown
San Francisco
Mar 18, 2025
Two AI companies sign on at Swig’s SoMa building
LangChain, unitQ take nearly 20,000 sq. ft. combined at 501 Second Street in SF
Los Angeles
Mar 18, 2025
Haley Hospitality buys 121-room hotel in Laguna Hills for $17M
Deal comes after investor’s OC hotel deal with 107% return
Tri-State
Mar 18, 2025
Wilf family’s New Jersey development raising local worries
Plan to build nearly 500 units exceeds previous West Orange proposal
South Florida
Mar 18, 2025
13th Floor scores $68M construction loan for Davie rentals
Complex will consist of 383 apartments, including 77 workforce
Chicago
Mar 18, 2025
LGBTQ+ hotel with rooftop pool among handful of rooms in pipeline
51-key hotel in Northalsted will replace former Yoshi’s Cafe
South Florida
Mar 18, 2025
Trinity leading development of JMH’s former condo project near Faena District
Developer tapped Serhant to lead sales in Miami Beach; Jason Halpern’s firm to remain involved
New York
Mar 18, 2025
Watermark Capital lands $125M for office-to-resi play in Dumbo
Integritas Capital, Bravo Property Trust provide financing for conversion
New York
Mar 18, 2025
The Daily Dirt: City kicks off review of 350 Park Avenue
Project is first office tower presented to City Planning in 5 years