Oren and Alon Alexander denied bond in Miami
Disgraced broker, twin deemed flight risks after sexual assault charges
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Residential
Chicago
Michael Jordan’s North Shore mansion sold for $9.5M, at 36% below ask
Chicago Bulls legend takes significant price cut on North Shore Chicagoland property after 12 years on the market
Commercial
New York
Joe Sitt risking foreclosure on Lower East Side
Lender filed lawsuit alleging $2M loan default at commercial condo
Development
South Florida
Three all-star teams of developers qualify to bid on $10B Miami-Dade project
Roster members include Related Group, 13th Floor, Merrimac Ventures, Terra, Atlantic Pacific, Sterling Bay, LCN Group, Florida Value Partners, Cornerstone Group and John Buck
Residential
Chicago
What Compass’ acquisition of @properties means for Chicago
Potential big payday for private equity, loss of mid-size firms in the cards
Commercial
Austin
Trammell Crow Co selling downtown sail tower for $522M
Deal with Cousins Properties comes as full-building tenant Google looks to sublease
Commercial
New York
Suspect in CEO’s murder hails from real estate family
Luigi Mangione’s family owns Maryland golf resort, club, nursing homes
Development
New York
Gary Barnett files resi plans at former Disney campus
Extell files plans for two residential buildings on Upper West Side
Commercial
New York
More trouble for Boruch Drillman
Miami judge says mortgage fraudster owes $2M on unpaid note
Dec 12, 2024
NYC rents post biggest jump since 2023 amid sticky mortgage rates
Rents surged annually citywide for second straight month
Dec 12, 2024
Year of the conversion: Top project filings of 2024
Developers embrace office-to-residential transformations
Dec 11, 2024
Alf Naman nabs $120M for luxury condo conversion
Marathon provides debt for seven-unit project seeking $263M sellout
Dec 12, 2024
The Daily Dirt: City envisions housing on East Village parking lot
Administration pledged 3 years ago to build at 324 East Fifth Street
Tri-State
Dec 12, 2024
Stillman-led Jersey Shore project lands large debt package
Long Branch development already landed record condo sale
Dec 11, 2024
Joseph Chetrit allegedly defaults on UES townhouse mortgage
Developer says agreement in place to make loan on personal home current
Dec 11, 2024
These are the charges Oren and Alon Alexander face in Miami-Dade
Their cousin, luxury broker Ohad Fisherman, was also charged
Dec 12, 2024
JSB Capital pays $69M for Dania Beach apartment complex, amid year-end rush on South Florida multifamily deals
Seller Stellar Communities completed the three-building development in 2022
Dec 11, 2024
Synagogue to sell its waterfront West Palm Beach campus to Related Ross for $30M
Vote follows redesign of planned Shorecrest condos, which previously included ground-floor space for Temple Israel
Dec 11, 2024
Three all-star teams of developers qualify to bid on $10B Miami-Dade project
Roster members include Related Group, 13th Floor, Merrimac Ventures, Terra, Atlantic Pacific, Sterling Bay, LCN Group, Florida Value Partners, Cornerstone Group and John Buck
Dec 12, 2024
L’Hermitage closing tops Broward weekly condo sales
Top 10 sales ranged from $700K to $5.7M
Dec 11, 2024
Related Ross lands $200M refi for CityPlace in downtown West Palm, as lending flows in South Florida
Ares Commercial Real Estate replaced an existing $133M debt, increased it by $67M
Dec 11, 2024
Kelemen Company to convert offices to medical use in Irvine
A third of the 335K sf Atrium will become healthcare facilities near John Wayne Airport
Dec 11, 2024
SoCal landlords pilloried online for asking too much rent
Rent shamers call out property owners for greed, while landlords see it as cyberbullying
Dec 11, 2024
Wilshire Skyline eyes 52 apartments on the border of Beverly Hills
Proposed eight-story building straddles the LA line with some units in each city
Dec 10, 2024
Signed contracts for LA luxe homes shrivel in post-holiday slump
Only nine properties with a total value of $52M were in contract last week
Dec 12, 2024
Amazon buys 195 acres approved for massive warehouse in Hesperia
Grading has begun on $162M plot as e-commerce giant resumes expansion
Dec 12, 2024
Hollywood historic Harry Warner estate hits market for $35M
Daphna Ziman lists her Beverly Hills project to restore glamour and history to show biz
Dec 11, 2024
Bay Area’s biggest independent agency sued over “poaching campaign”
Red Oak Realty accuses Vanguard Properties of using trade secrets from merger talks
Dec 11, 2024
Brick & Timber Collective pays $33M for San Francisco office building
Public Policy Institute of California sells its headquarters in an all-cash deal
Dec 11, 2024
Kaiser could shrink headquarters in Oakland by more than half
Reductions have sent CIM-owned office building into special servicing
Dec 11, 2024
San Francisco’s transfer tax revenue plunges to 12-year low
Fewer office sales and discounted deals cause city income to decline 5%
Dec 12, 2024
AI computing firm Lambda takes 20K sf in SF’s Financial District
San Jose startup already plans to expand into another floor next year
Dec 12, 2024
Replay Destinations breaks records at Healdsburg condo project
Rarity of luxe condos in Sonoma County’s wine country adds to appeal
Dec 11, 2024
What Compass’ acquisition of @properties means for Chicago
Potential big payday for private equity, loss of mid-size firms in the cards
Dec 11, 2024
Michael Jordan’s North Shore mansion sold for $9.5M, at 36% below ask
Chicago Bulls legend takes significant price cut on North Shore Chicagoland property after 12 years on the market
Dec 11, 2024
Anti-gentrification ordinance changes fail to satisfy landlord group
Tenants’ right of first refusal pushed back to March 1; ups requirements for renters who want to buy their buildings
Dec 12, 2024
Stag snags industrial for $74M as CBRE fund scores profit
Five-building portfolio in DuPage and Will counties trades; seller holds onto its largest asset in the area
Dec 12, 2024
Ishbia-backed park improvements hit roadblock in Winnetka
Park District continues to run into obstacles with village government, as billionaire proceeds with massive home construction project next door on Lake Michigan’s beachfront
Dec 12, 2024
Sterling Bay apartment proposal elicits aldermanic shouting match
Alderman Scott Waguespack tried to kill plan in opposition to request for tax breaks
Austin
Dec 10, 2024
Trammell Crow Co selling downtown sail tower for $522M
Deal with Cousins Properties comes as full-building tenant Google looks to sublease
Houston
Dec 12, 2024
Tilman Fertitta could be Trump’s ambassador to Italy
Houston Rockets owner, Republican donor bought the luxury River Oaks District this year
Dallas
Dec 11, 2024
Merit Energy moves HQ in one of year’s biggest office leases
Taking three floors in Nuveen Real Estate’s Two Lincoln Centre
Fort Worth
Dec 11, 2024
Beall Investments betting $500M on city’s western sprawl
Residential, retail, industrial planned for 317 acres of ranchland near Willow Park
Houston
Dec 10, 2024
Radom, MetroNational to turn old warehouse into mixed-use hub
Memorial City project, called Greenside, to deliver 15 small retail spaces
Dallas
Dec 10, 2024
Texas Stock Exchange finds temporary home in Knox-Henderson
Y’all Street staple could open next year
Dec 11, 2024
Alexander brothers charged with running sex trafficking scheme
Feds say Oren, Tal and Alon orchestrated rape, attacks across 20 years, silenced victims
Dec 10, 2024
NAR settlement staved off bankruptcy, president says
Judge approved agreement in Sitzer/Burnett last month
Boston
Dec 11, 2024
Boston mayor’s plan to hike commercial property taxes killed
Bill aimed to rebalance obligations, spare homeowners
Philadelphia
Dec 10, 2024
TF Cornerstone eyes resi conversion for historic Philly office
Firm foreclosing on Rubenstein Partners at Wanamaker
Atlanta
Dec 12, 2024
Portman Holdings takes mixed-use plans to outdated office complex
20-acre Brookside property in Alpharetta ripe for suburban attractions
Phoenix
Dec 11, 2024
Verde Investments to build urban village on former mall site in Mesa
Billionaire Ernest Garcia’s firm plans to redevelop Fiesta Mall into 4,000 homes
Los Angeles
Dec 12, 2024
Hollywood historic Harry Warner estate hits market for $35M
Daphna Ziman lists her Beverly Hills project to restore glamour and history to show biz
San Francisco
Dec 12, 2024
Replay Destinations breaks records at Healdsburg condo project
Rarity of luxe condos in Sonoma County’s wine country adds to appeal
South Florida
Dec 12, 2024
L’Hermitage closing tops Broward weekly condo sales
Top 10 sales ranged from $700K to $5.7M
Los Angeles
Dec 11, 2024
SoCal landlords pilloried online for asking too much rent
Rent shamers call out property owners for greed, while landlords see it as cyberbullying
South Florida
Dec 11, 2024
Synagogue to sell its waterfront West Palm Beach campus to Related Ross for $30M
Vote follows redesign of planned Shorecrest condos, which previously included ground-floor space for Temple Israel
San Francisco
Dec 11, 2024
Bay Area’s biggest independent agency sued over “poaching campaign”
Red Oak Realty accuses Vanguard Properties of using trade secrets from merger talks
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San Francisco
Dec 12, 2024
AI computing firm Lambda takes 20K sf in SF’s Financial District
San Jose startup already plans to expand into another floor next year
Los Angeles
Dec 12, 2024
Amazon buys 195 acres approved for massive warehouse in Hesperia
Grading has begun on $162M plot as e-commerce giant resumes expansion
South Florida
Dec 12, 2024
JSB Capital pays $69M for Dania Beach apartment complex, amid year-end rush on South Florida multifamily deals
Seller Stellar Communities completed the three-building development in 2022
Chicago
Dec 12, 2024
Stag snags industrial for $74M as CBRE fund scores profit
Five-building portfolio in DuPage and Will counties trades; seller holds onto its largest asset in the area
Chicago
Dec 12, 2024
$8B O’Hare modernization pilots massive suburban office lease
Chicago Department of Aviation inked almost 100,000 sf from FCA Partners
New York
Dec 12, 2024
NYC rents post biggest jump since 2023 amid sticky mortgage rates
Rents surged annually citywide for second straight month
Tri-State
Dec 12, 2024
Stillman-led Jersey Shore project lands large debt package
Long Branch development already landed record condo sale
Atlanta
Dec 12, 2024
Portman Holdings takes mixed-use plans to outdated office complex
20-acre Brookside property in Alpharetta ripe for suburban attractions
Chicago
Dec 11, 2024
Old Rosemont village hall to come down in favor of development
Demolition could start next year across from Rivers Casino
New York
Dec 11, 2024
Alf Naman nabs $120M for luxury condo conversion
Marathon provides debt for seven-unit project seeking $263M sellout
Fort Worth
Dec 11, 2024
Beall Investments betting $500M on city’s western sprawl
Residential, retail, industrial planned for 317 acres of ranchland near Willow Park
Phoenix
Dec 11, 2024
Verde Investments to build urban village on former mall site in Mesa
Billionaire Ernest Garcia’s firm plans to redevelop Fiesta Mall into 4,000 homes