SL Green ends 625 Madison Ave saga with $630M deal
Landlord has pulled off two of the year’s biggest deals in NYC
Top stories
- Sol Goldman heirs spill secrets in fight over $2B portfolio
- Even with $120M in state grants, Shangri-La Industries can’t repay loans
- Bally's faces federal, local scrutiny over how it secured Chicago casino license
- Why conventional wisdom is wrong about Signature loan sale
- Carpenters union eviscerates REBNY over housing
- Judge boots Jeffrey Simpson from his own firm
- Greenland losing grip on $5B Pacific Park megaproject
- CA Ventures affiliate late on $75M Arlington Heights loan
- Broadcom relocates headquarters to campus from VMware acquisition
- Reuben brothers seek to seize Midtown West hotel
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Development
San Francisco
Meet Tony Mestres, new CEO at The Sobrato Organization
Former Microsoft and philanthropy executive will take the reins at development giant
Residential
New York
Alice F. Mason was a legendary real estate agent but kept a secret for decades
For more than 50 years, at a time of racial exclusion, Mason hid that she was Black
Residential
New York
Disbarred New York attorney pleads guilty to defrauding real estate clients of over $3M
Hyun W. Lee, aka Michael Lee, defrauded clients for gambling, personal expenses
Residential
New York
Park Slope mansion sets neighborhood sales record
53 Prospect Park West is first townhouse sale north of $12M since 2017
Commercial
National
“I do tend to piss people off”: Shlomo Chopp discusses life in the workout game
Managing Partner of Terra Strategies may start the day a little later, but works and works out late
Commercial
National
Fraudster sentenced for $40M Ponzi scheme, swindling NYC real estate company
Franklin Ray diverted funds for personal expenses, jet-setting
National Association Of Realtors
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National
Nov 22, 2023
Map: Tracking brokerage lawsuits, industry changes across US
Wave of class-actions in different markets threaten commissions
Chicago
Nov 20, 2023
How Chicago brokerage commissions are changing after NAR verdict
Agent payouts may be included in buyer’s closing costs
National
Nov 16, 2023
Anywhere execs chart course through antitrust suits
Language in commission agreements among changes for agents in wake of Sitzer verdict
National
Nov 13, 2023
Another CEO change after NAR verdict
Former DISH Network CEO Erik Carlson taking over RE/MAX Holdings
National
Nov 9, 2023
Antitrust lawsuits over broker commissions pile up
Homebuyers name Douglas Elliman, Compass, eXp, Redfin in latest complaint
New York
Nov 7, 2023
Here’s how the Sitzer verdict could hit NYC resi commissions
Rising scrutiny on compensation arrangements could reshape payments everywhere
New York
Dec 4, 2023
Cash burn driving landlord group CHIP toward insolvency
Blames red ink on winding down fundraising ahead of merger with RSA
New York
Dec 4, 2023
Judge boots Jeffrey Simpson from his own firm
Arch Companies’ co-founder gets time-out as chaos envelops developer
New York
Dec 4, 2023
SL Green closes 625 Madison Ave saga with $630M deal
Landlord has pulled off two of the year’s biggest deals in NYC
New York
Dec 2, 2023
The Daily Dirt: What’s causing One57’s resale slump?
TRD on the spate of recent discounts at the Billionaires’ Row tower
New York
Dec 4, 2023
Bill to bring back tax lien sale would make it “gentler”
Measure to revive controversial program aims to avoid evictions
New York
Dec 4, 2023
UES townhouse, Tribeca PH top Manhattan luxury market
Long-suffering listing at 10 East 75th Street traded after 10 years, $10M off asking
South Florida
Dec 4, 2023
Real estate industry courts buyers during Miami Art Week
Sotheby’s International Realty replaced Douglas Elliman as Art Basel show partner
South Florida
Dec 4, 2023
Movers & Shakers: JLL, Empira bulk up in South Florida
Plus: The Agency and Douglas Elliman add brokers
South Florida
Dec 2, 2023
Palm Island neighbors combine homes for $150M listing
Three waterfront homes not available separately
South Florida
Dec 1, 2023
Massive Sunset Place redevelopment moving forward
Midtown Opportunities plans to add a residential component on 10-plus-acre property
South Florida
Dec 3, 2023
The Weekly Dirt: Real estate and art converge
Some brokerages have pulled back on sponsoring fairs, but a number of private VIP events are planned
South Florida
Dec 1, 2023
Fondu Hospitality plans Jupiter restaurant led by French Laundry alum
Retired baseball player Frank Seminara bought restaurant space for $1.9M in August
Los Angeles
Dec 1, 2023
Even with $120M in state grants, Shangri-La Industries can’t repay loans
LA firm owes $41M in defaulted debt tied to seven Project Homekey motel conversions
Los Angeles
Dec 1, 2023
Reality TV star Carmine Sabatella moves to The Agency
“Inside Out” co-host cites office culture as reason to affiliate with Mauricio Umansky’s firm
Los Angeles
Dec 1, 2023
U2 frontman Bono said to invest in Hollywood Hills mansion
Irish singer has long-time ties to family of a principal at Plus Development Group
Los Angeles
Dec 1, 2023
NewMark Merrill pays $28M for former Sears store in Thousand Oaks
Department store space now 60% leased to Dave & Buster’s, DSW and Nordstrom Rack
Los Angeles
Dec 4, 2023
“Ziggurat” building in Laguna Niguel heads to auction for second try
This time federal agency will allow redevelopment or teardown to attract bidders
Los Angeles
Nov 30, 2023
$150M listing catapults Manhattan Beach to top of ultra luxe market
Rob DeSantis of home-selling platform True Parity puts triple-lot mansion up for sale
San Francisco
Dec 4, 2023
Meet Tony Mestres, new CEO at The Sobrato Organization
Former Microsoft and philanthropy executive will take the reins at development giant
San Francisco
Dec 4, 2023
REIT cites builder’s remedy for 315-unit project in Sunnyvale
Townhome-apartment development waits to see if city misses compliance deadline
San Francisco
Dec 4, 2023
Jemcor Development plans pair of residential towers in San Bruno
All-affordable project hinges on waivers and density bonuses under SB 330
San Francisco
Dec 3, 2023
Ty Warner's Coral Casino Beach and Cabana Club set to reopen
Beanie Babies owner sends letter to members informing them of developments
San Francisco
Dec 4, 2023
Hines and Oaktree to build industrial campus in Fremont
Joint venture snags construction loan, expects to break ground next year
San Francisco
Dec 3, 2023
Cyrus Sanandaji's Presidio Bay Ventures navigates commercial real estate's choppy waters
Sanandaji emphasized the importance of viewing relationships with tenants as partnerships,
Chicago
Dec 4, 2023
Tom Scott is on the ropes but still fighting
CA Ventures CEO has a plan to survive the flurry of lawsuits and broken deals his firm is facing
Chicago
Dec 1, 2023
CA Ventures affiliate late on $75M Arlington Heights loan
Special servicer on workout of debt tied to multifamily property in northwest suburbs
Chicago
Dec 2, 2023
Bally's faces federal, local scrutiny over how it secured Chicago casino license
Chicago inspector general, U.S. attorney's office looking simultaneously looking into matter
Chicago
Dec 1, 2023
Jury in Ed Burke trial hears from 601W's Harry Skydell on secret recordings
Recordings reveal Burke’s infamous quote about landing “the tuna”
Chicago
Dec 4, 2023
Kroll offers 47K sf sublease in Fulton Market
Advisory firm signed to amenity-filled building just before start of pandemic
Chicago
Dec 1, 2023
Commerz fills WeWork’s old Loop space with another coworking firm
Workbox leasing 29K sf in the National building
Houston
Dec 1, 2023
Silver Star shoots more accusations at former CEO Allen Hartman
Hartman accused of taking out millions in unauthorized debt, misleading board, nepotism
Fort Worth
Dec 4, 2023
Florida investor pays $82M for two industrial sites in Fort Worth
Basis Industrial’s acquisitions are just south of Interstate 30
Texas
Dec 4, 2023
Ranking Houston’s top resi brokers in 2023
Interest rate hikes, ballooning costs have made 2023 a mixed bag
Texas
Nov 30, 2023
Left at the closing table: $101M deal dissolves into lawsuits
Wilson Capital planned to sell two apartment buildings to a New York investor, but both allege a slew of defaults tanked deal
Texas
Dec 3, 2023
Harwood International unveils plans for 23-story Dallas office tower
Harwood No. 15 will be located just north of downtown Dallas
Texas
Dec 1, 2023
Texas Realtors names Jef Conn of Lubbock chairman of the board
Will take on role while organization deals with major lawsuit over broker fees
Residential
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New York
Dec 4, 2023
UES townhouse, Tribeca PH top Manhattan luxury market
Long-suffering listing at 10 East 75th Street traded after 10 years, $10M off asking
San Francisco
Dec 4, 2023
REIT cites builder’s remedy for 315-unit project in Sunnyvale
Townhome-apartment development waits to see if city misses compliance deadline
South Florida
Dec 4, 2023
Real estate industry courts buyers during Miami Art Week
Sotheby’s International Realty replaced Douglas Elliman as Art Basel show partner
National
Dec 3, 2023
Florida roofer and Proud Boy found guilty in Capitol riot case
“We just went ahead and stormed the Capitol,” Gabriel Garcia said in his video of the riot
South Florida
Dec 3, 2023
The Weekly Dirt: Real estate and art converge
Some brokerages have pulled back on sponsoring fairs, but a number of private VIP events are planned
National
Dec 3, 2023
“Dallas” Actor Patrick Duffy's $11M Oregon ranch heads to auction
Has 79 acres of riverfront that can be divided into five lots
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Chicago
Dec 4, 2023
Kroll offers 47K sf sublease in Fulton Market
Advisory firm signed to amenity-filled building just before start of pandemic
San Francisco
Dec 4, 2023
Hines and Oaktree to build industrial campus in Fremont
Joint venture snags construction loan, expects to break ground next year
San Francisco
Dec 4, 2023
REIT cites builder’s remedy for 315-unit project in Sunnyvale
Townhome-apartment development waits to see if city misses compliance deadline
San Francisco
Dec 4, 2023
Jemcor Development plans pair of residential towers in San Bruno
All-affordable project hinges on waivers and density bonuses under SB 330
Los Angeles
Dec 4, 2023
“Ziggurat” building in Laguna Niguel heads to auction for second try
This time federal agency will allow redevelopment or teardown to attract bidders
South Florida
Dec 4, 2023
Movers & Shakers: JLL, Empira bulk up in South Florida
Plus: The Agency and Douglas Elliman add brokers
Development
all markets
- all markets
- Austin
- Chicago
- Dallas
- Fort Worth
- Houston
- Los Angeles
- National
- New York
- San Antonio
- San Francisco
- South Florida
- Texas
- Tri-State
Texas
Dec 3, 2023
Harwood International unveils plans for 23-story Dallas office tower
Harwood No. 15 will be located just north of downtown Dallas
Chicago
Dec 2, 2023
Bally's faces federal, local scrutiny over how it secured Chicago casino license
Chicago inspector general, U.S. attorney's office looking simultaneously looking into matter
New York
Dec 1, 2023
Investor plans to convert LaGuardia hotel parking lot to 535 apartments
California-based ASAP Holdings bought the airport Marriott for $100M in 2021
South Florida
Dec 1, 2023
Massive Sunset Place redevelopment moving forward
Midtown Opportunities plans to add a residential component on 10-plus-acre property
Tri-State
Dec 1, 2023
AMS Acquisitions getting tax break for 906-unit Yonkers project
Luxury rental towers on water will be $458M development
South Florida
Dec 1, 2023
Eichner, Turkish partner launch sales of Continuum tower in North Bay Village
Unit prices start at just under $1M for 198-unit bayfront development