Banks are back, baby
Following a difficult pencils-down period, banks big and small are ready to lend on CRE again
Top stories
Get the latest
Real Estate news
Real Estate news
Headlines delivered weekly
Commercial
New York
599 Broadway value slashed by 80% after Jeff Sutton stops paying rent
Trustee sues owner David Topping to foreclose after American Eagle Outfitters vacated the Soho retail property
Commercial
Texas
Distress wave hits S2 Capital as $250M in CMBS loans get flagged for special servicing
Scott Everett’s firm also faces a $78M foreclosure on a Dallas apartment complex
Construction
National
Construction costs pile onto housing crunch as copper, lumber spike
War, tariffs, supply shocks squeezing builders from all sides
Development
South Florida
Fisher Island residents sue developer over “secret” $400M fuel depot deal
FICA, Fisher Island Club also sued Miami-Dade over similar allegations earlier this year
Commercial
Texas
The die is cast: Tilman Fertitta to buy Caesars Entertainment in $17B-plus deal
Deal would give Houston billionaire and Trump’s ambassador to Italy 60 casino resorts nationwide
Commercial
Texas
End of The Line? The Line Austin faces foreclosure after lenders took back DC and LA hotels
Distress comes amid volatile market run for parent company Soho House
Residential
South Florida
The Hammocks: Inside South Florida’s biggest HOA fraud
Ringleader Marglli Gallego was sentenced to state prison last month in a scheme that fleeced a community
Brand Studio
The Shore’s Best, An Oceanfront Masterpiece: Roy Stillman and Christie’s International Real Estate Group take you on a site visit to The Atlantic Club Residences
Elevating the Jersey Shore
Commercial
Los Angeles
“Frothing” multifamily market as hikes in overhead push mom-and-pops out
Institutional buyers, local investors snatch up properties, plan to wait out “anti-landlord” cycle
Rotem Rosen nabs $135M in Israeli bond financing for NYC hotel, Miami site
Rosen’s MRR turns to the land of Milk and Honey to refinance Club Indigo hotel and Miami development site
Gary Barnett’s next Midtown move?
Lender files pre-foreclosure suit at office property eyed for Extell assemblage
From adviser to adversary: A timeline of Floyd Mayweather’s relationship with Jona Rechnitz
The boxer filed a lawsuit against former business partner accusing him of diverting $175M in cash, real estate interests and jewelry
Development deals hit NYC Council roadblock, new charter commission eyes housing rules
Two mixed-use projects face political friction
NYC’s top deals: Greenpoint dev site sells for $26M
TRD reports top transactions for Thursday, May 28, 2026
The most talked about part of Mamdani’s housing plan wasn't in his housing plan
Affordable housing landlords cannot skirt the Rent Guidelines Board process
Lotis Wellington engulfed by developer feud, mounting claims of unpaid bills
Over $5M in liens filed against mixed-use project this year, though a partner said a majority was recently paid
The Hammocks: Inside South Florida’s biggest HOA fraud
Ringleader Marglli Gallego was sentenced to state prison last month in a scheme that fleeced a community
Fisher Island residents sue developer over “secret” $400M fuel depot deal
FICA, Fisher Island Club also sued Miami-Dade over similar allegations earlier this year
Billionaire Stefan Soloviev sells waterfront Delray Beach homes for $21M
Adjacent properties include pools, football field, basketball half-court
Massive industrial development with affordable housing, retail proposed near Miami Gardens
An entity led by Juan Carlos Mas of MAS AJP filed the application
South Florida’s top deals: Vacant Delray Beach lot trades for $20M
TRD reports the most important transactions for May 28, 2026
Videos
The REAL real estate story behind Nate Jacobs' development plans on Euphoria | Reel Estate
Christie’s International Real Estate Group brings the Dominican Republic to NYC with Gran Cosón
Roy Stillman and Christie’s International Real Estate Group take you to The Atlantic Club Residences
Can Mamdani fix New York housing?
Inside the Mind of a Mega Broker: Stephen Siegel on CBRE, ESG & Billion-Dollar Deals | Coffee Talk
Inside the mind of Charney Companies COO Justin Pelsinger | Capital Confidential
Why mortgage rates could get worse under Trump’s new Fed chair
NYC's most controversial housing bill is back
America’s housing hangover has arrived
How an $84K broker fee became a $48M punishment
From private jets to federal charges: The fall of ‘Big Bizzneesss’
Richard LeFrak’s $4 BILLION Bet on North Miami | Coffee Talk
Pendry Residences Nashville use Gaggenau to take Paseo South Gulch to new heights of luxury
Miami developer admits to stealing $85 million
A new 1% tax could change NYC luxury deals forever
What 50 feral cats reveal about the housing market’s AI problem
How the last great development site in NYC left Upper East Side renters with nowhere to go
Agents level up their tax game with RLTY and Nimbl
The $1 billion Texas rodeo project torn apart by a family feud
The Times Square scam that fooled a real estate giant
Hackman sues Erewhon alleging unpaid rent to the tune of $275K
Luxe grocer is a tenant at Michael Hackman’s Culver Steps, which is on the market for $150M
Beverly Hills manse snags $24M after less than a month on market
Topped LA County’s luxury homes that went into contract last week
CA condo developers may see litigation relief as reform bill breezes through Assembly
Effort to soften defect liability laws responsible for construction halt heads to Senate
Loan on Oscar De La Hoya’s DTLA office tower sells
Buyer snagged non-performing note for unknown price, ex-boxer owed $20M-plus
Post Investment snags Van Nuys apartments from Nuveen for $69M
Sale marks largest multifamily trade by unit count in neighborhood in more than a decade
Mixed-income multifamily pitched for single-family lots in Culver City
Westside municipality faces state-mandated housing goal deadline in 2029
South Side siphon: Shai Wolkowicki hit with more Chicago real estate lawsuits
Investor faces $5.8M suit from Old National Bank, and separate allegations he diverted $2.5M from Jackson Park apartments
Chicago’s Jewelers Building bets on luxury amenities to keep office tenants coming
CRG and Prime Group pouring $25M into the landmarked Wacker Drive tower as downtown office landlords hunt for an edge
Chicago’s top construction permits: Week ending May 27, 2026
TRD reports on the Windy City’s top new permits last week
Distressed Hawthorne Race Course gets green light to subpoena Illinois officials
Judge allows track owner to pursue claims that state diverted funds to rival Fairmount in racino bankruptcy fight
Chicago megadevelopment owners considering project merge
One Central developer Bob Dunn is in discussions with the Michael Reese team about merging the two Chicago lakefront megaprojects
Chicagoland home prices in the pressure cooker
Median sale price in the city climbed to $411K in April while inventory stayed tight and buyers waived inspections to compete for homes
Newly built affordable housing community outside Bay Area trades for $84M
Elk Grove on hook to plan for nearly 4.3K income-restricted units by 2029
CA condo developers may see litigation relief as reform bill breezes through Assembly
Effort to soften defect liability laws responsible for construction halt heads to Senate
Academy of Art sells another church building — this time to an actual church
Union Square acquisition adds to area’s broader post-pandemic comeback
Brookfield lands Concord City Council approval for 12K-unit Navy station redevelopment
Agreement caps off years of labor disputes, failed deals to transform abandoned 2.2K-acre site
Distressed San Jose resi tower sells for $175M, shifts to mixed-income
Lender Madison Realty Capital provided $134M in financing after seizing ownership following loan default
San Jose La Quinta latest Bay Area hotels in default
Distress tied to $16M construction loan
Distress wave hits S2 Capital as $250M in CMBS loans get flagged for special servicing
Scott Everett’s firm also faces a $78M foreclosure on a Dallas apartment complex
End of The Line? The Line Austin faces foreclosure after lenders took back DC and LA hotels
Distress comes amid volatile market run for parent company Soho House
Dallas
Scott Everett’s S2 Capital faces $78M foreclosure amid REIT equity wipeout
Dallas-based syndicator said the property is under contract to sell in 30 days
The Agency rides into Fort Worth
New Cowtown branch follows Compass recruitment run, office expansion
ICE planning to add more San Antonio office space as workforce dramatically increases
Federal agency seeks 65K sf while facing backlash over planned 1.5K-bed detention facility
Airport-adjacent tract snapped up in North Texas boomtown
Manufacturing plants for Apple, Texas Instruments planned nearby
JPMorgan pulls plug on $1.4B real estate fund after years of losses
Core-plus vehicle with office exposure could take up to three years to liquidate
Housing Notes: We co‑broke with everyone*
*Offer not valid in real world
Elliman’s weak first-quarter performance casts doubt on turnaround
A closer look at the firm’s tenuous state of recovery
Wall Street crowds into niche corner of real estate private credit
Non-traded mortgage REITs — similar in structure to Blue Owl’s controversial credit arm — are seeing a surge of new startups
Housing Notes: Affordability normalizes in only 7-10 years!
A new take by Oxford Economics does a better job confirming what we already know
Bain, 11North spend $300M on open-air retail portfolio
Acquisitions follow $1.6B capital raise for joint venture
Zara founder nears largest European office buy in years
Amancio Ortega reportedly in talks to acquire Paris complex for $985M
Japanese real estate bank lending soars to record high
$113B spending leads to concerns of market overheating, spec flipping
Czech billionaire Karel Komárek in pole position for second London office buy
Investment group KKCG submits £282M bid for 1 St James’s Square
Housing Notes: Chinese consumers prefer existing housing over new development
Households now favor certainty over buying off-plan
Australian Trump Tower project scrapped by developer shortly after grand reveal
Trump Org developments advancing in Middle East as name becomes “toxic” Down Under
Lionel Messi makes return to Barcelona … real estate
Inter Miami star purchases shuttered shopping center for $14M
National
The mall is back — but only if it’s high-end
Luxury mall occupancy hit over 95% by mid-2025
New York
Manhattan mega conversions and Brooklyn expansions shape NYC redevelopment
FiDi with largest number of proposed additional residential units
National
National home prices inch up as major metros slide
Major Sun Belt markets continue to see declines as they return to pre-pandemic norms
National
Opportunity zones got billions in tax breaks. Only Ohio tracked where the money went
There’s still no national accounting of where billions in tax-advantaged investment actually went
New York
New York’s proposed all-cash luxury home tax would hit these neighborhoods hardest
As mortgage rates remain high, all-cash purchases climb through the Big Apple
National
Pending home sales rose in April, but middle-class buyers still face a massive supply shortage
Western region saw greatest yearly increase in pending deals
National
Housing Notes: Affordability normalizes in only 7-10 years!
A new take by Oxford Economics does a better job confirming what we already know
New York
NYC’s top deals: Greenpoint dev site sells for $26M
TRD reports top transactions for Thursday, May 28, 2026
South Florida
South Florida’s top deals: Vacant Delray Beach lot trades for $20M
TRD reports the most important transactions for May 28, 2026
Chicago
Chicago’s top construction permits: Week ending May 27, 2026
TRD reports on the Windy City’s top new permits last week
Texas
Affinius-led consortium finalizes nearly $4B Veris Residential takeover
Deal caps REIT’s yearslong retreat from office assets as investor pressure pushed the multifamily landlord toward a sale
Los Angeles
Beverly Hills manse snags $24M after less than a month on market
Topped LA County’s luxury homes that went into contract last week
Upcoming Events
The Real Deal and BSH: Building Luxury, Washington D.C.
BSH Experience & Design Center
Salon Series: Victor Sigoura
The Real Deal HQ
The Real Deal’s Podcast
Deconstruct
The Real Deal’s Joe Lovinger and Suzannah Cavanaugh break down the newest, biggest trends and concepts in real estate.
New York
NYC’s top deals: Greenpoint dev site sells for $26M
TRD reports top transactions for Thursday, May 28, 2026
South Florida
South Florida’s top deals: Vacant Delray Beach lot trades for $20M
TRD reports the most important transactions for May 28, 2026
Texas
ICE planning to add more San Antonio office space as workforce dramatically increases
Federal agency seeks 65K sf while facing backlash over planned 1.5K-bed detention facility
San Francisco
Distressed San Jose resi tower sells for $175M, shifts to mixed-income
Lender Madison Realty Capital provided $134M in financing after seizing ownership following loan default
New York
Rotem Rosen nabs $135M in Israeli bond financing for NYC hotel, Miami site
Rosen’s MRR turns to the land of Milk and Honey to refinance Club Indigo hotel and Miami development site
Los Angeles
Post Investment snags Van Nuys apartments from Nuveen for $69M
Sale marks largest multifamily trade by unit count in neighborhood in more than a decade
South Florida
Massive industrial development with affordable housing, retail proposed near Miami Gardens
An entity led by Juan Carlos Mas of MAS AJP filed the application
Texas
Airport-adjacent tract snapped up in North Texas boomtown
Manufacturing plants for Apple, Texas Instruments planned nearby
Chicago
Chicago’s Jewelers Building bets on luxury amenities to keep office tenants coming
CRG and Prime Group pouring $25M into the landmarked Wacker Drive tower as downtown office landlords hunt for an edge
South Florida
Billionaire Jeff Greene’s latest West Palm Beach resi plans tap Live Local
Project would be among tallest buildings in Florida built using a pre-fabricated mass timber system
South Florida
Sunbeam, Stiles start Miramar megadevelopment amid lingering multifamily oversupply
125-acre site was purchased by Andy Ansin’s grandfather 70 years ago for $100 per acre
Chicago
Chicago megadevelopment owners considering project merge
One Central developer Bob Dunn is in discussions with the Michael Reese team about merging the two Chicago lakefront megaprojects