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  1. Florida’s $711M affordable housing bill becomes law
  2. The Flatiron fiasco: How a key blunder left a New York icon in limbo
  3. Steve Ross’ Related plans more office towers in West Palm
  4. Office vacancy in San Francisco climbs to 30%
  5. Tristan Thompson buys 11K sf Hidden Hills mansion for $12.5M
Oakland college campus ripe for conversion into 450 residential units
Development
San Francisco
Mar 30, 2023

Oakland college campus ripe for conversion into 450 residential units

Plans at former California College of the Arts site call for the demolition of 10 buildings

The Flatiron fiasco: How a key blunder left a New York icon in limbo
Commercial
New York
Mar 30, 2023

The Flatiron fiasco: How a key blunder left a New York icon in limbo

Jacob Garlick’s questionable $190M bid was enabled by unusual auction conditions

Ashkenazy risks losing Mag Mile asset
Commercial
Chicago
Mar 30, 2023

Ashkenazy risks losing Mag Mile asset

Barings has taken over after landlord defaulted on $61M loan: report

Monumental NAR lawsuit snags class action status
Residential
National
Mar 30, 2023

Monumental NAR lawsuit snags class action status

Federal commission suit alleges antitrust violations by trade group, brokerages 

Corcoran and Elliman dominate NYC new development sales
Development
New York
Mar 30, 2023

Corcoran and Elliman dominate NYC new development sales

The two firms closed nearly half of all such deals last year

Bank Failures

all markets
First Republic executive and family members cash in
Commercial
San Francisco
Mar 27, 2023

First Republic executive and family members cash in

Founder earned $17.8M in 2021, his son and brother-in-law earned $5.7M from bank

Nine days in hell: Inside the lending crisis that rocked multifamily
Commercial
National
Mar 25, 2023

Nine days in hell: Inside the lending crisis that rocked multifamily

Institutions collapsed, deals froze and fear took over. A look back at banking’s crucible

Ex-Signature Bank execs lose small fortune in collapse
Commercial
National
Mar 24, 2023

Ex-Signature Bank execs lose small fortune in collapse

3 founders could still get severance, but $285M in stock is gone

New York

Queens’ first legal pot shop sets up in Jamaica
Commercial
New York
Mar 30, 2023

Queens’ first legal pot shop sets up in Jamaica

Good Grades will operate pop-up in 4K sf space

Anti-harassment law threatens projects seeking 421a
Politics
New York
Mar 30, 2023

Anti-harassment law threatens projects seeking 421a

Developers denied permits, sometimes by mistake

North Fork town lifts affordable housing cap
Politics
Tri-State
Mar 29, 2023

North Fork town lifts affordable housing cap

One developer already considering raising project density in Southold

South Florida

Medical center mogul drops $30M on waterfront Fort Lauderdale spec mansion
Residential
South Florida
Mar 30, 2023

Medical center mogul drops $30M on waterfront Fort Lauderdale spec mansion

Sale comes $3M shy of Broward County price record

Steve Ross’ Related plans more office towers in West Palm
Commercial
South Florida
Mar 30, 2023

Steve Ross’ Related plans more office towers in West Palm

Firm’s proposal at The Square comes as it’s also building 515 Fern, One Flagler

New York investor sues over Fort Lauderdale dev site sale
Development
South Florida
Mar 30, 2023

New York investor sues over Fort Lauderdale dev site sale

An entity managed by partner Josh Schuster alleges property sold for $20.8M without his knowledge

Los Angeles

CEQA lawsuit derails 9,000-home Riverside County project
Development
Los Angeles
Mar 30, 2023

CEQA lawsuit derails 9,000-home Riverside County project

Lewis Group has worked to build planned community for 20 years

William Warren Group pays $70M for self-storage sites
Commercial
Los Angeles
Mar 30, 2023

William Warren Group pays $70M for self-storage sites

Locations in Woodland Hills and Diamond Bar carry the Storage, Etc. brand

Tristan Thompson buys 11K sf Hidden Hills mansion for $12.5M
Residential
Los Angeles
Mar 30, 2023

Tristan Thompson buys 11K sf Hidden Hills mansion for $12.5M

Pad is three doors down from ex-girlfriend Khloé Kardashian’s 1.5-acre estate

San Francisco

Development site for 170-room San Jose hotel falls into default
San Francisco
Mar 29, 2023

Development site for 170-room San Jose hotel falls into default

Villa Developers & Investment faces unpaid balance of $8 million on property

More than 10K residences could replace SF’s empty office towers
Residential
San Francisco
Mar 29, 2023

More than 10K residences could replace SF’s empty office towers

Report estimates number of housing conversions in the Financial District

Phase 3 picks up 250K sf office complex in San Carlos for $102M
Commercial
San Francisco
Mar 29, 2023

Phase 3 picks up 250K sf office complex in San Carlos for $102M

Hudson Pacific sells Skyway Landing for $2M less than it paid for the property in 2015

NYC Real Estate Forum 2023
,
May
04

NYC Real Estate Forum 2023

New York Pavillion

Chicago

Vallas snags last-minute donor dollars from Buford and Reschke
Politics
Chicago
Mar 30, 2023

Vallas snags last-minute donor dollars from Buford and Reschke

A seemingly unified real estate industry is backing former Chicago Public Schools CEO

Goodman sheds tears for Bronzeville Lakefront
Development
Chicago
Mar 30, 2023

Goodman sheds tears for Bronzeville Lakefront

South Side groundbreaking serves as Mayor Lightfoot’s real estate sendoff

OC Ventures courts buyers for West Loop student housing
Residential
Chicago
Mar 29, 2023

OC Ventures courts buyers for West Loop student housing

Berkadia tapped to sell 482-bed property

Texas

San Antonio Class B office nabs tech tenant 
Commercial
Texas
Mar 30, 2023

San Antonio Class B office nabs tech tenant 

Onyx at the Airport, one of two Petroleum Towers, adds startup

Dhanani dives deep into multifamily 
Development
Houston
Mar 30, 2023

Dhanani dives deep into multifamily 

Houston firm known for retail and convenience stores now has 3,000 units in pipeline

Toll Bros starts apartments at Frisco Square
Development
Texas
Mar 29, 2023

Toll Bros starts apartments at Frisco Square

Received $50M loan from Santander Bank

Residential

all markets
Medical center mogul drops $30M on waterfront Fort Lauderdale spec mansion
Residential
South Florida
Mar 30, 2023

Medical center mogul drops $30M on waterfront Fort Lauderdale spec mansion

Sale comes $3M shy of Broward County price record

Tristan Thompson buys 11K sf Hidden Hills mansion for $12.5M
Residential
Los Angeles
Mar 30, 2023

Tristan Thompson buys 11K sf Hidden Hills mansion for $12.5M

Pad is three doors down from ex-girlfriend Khloé Kardashian’s 1.5-acre estate

Home prices in Bay Area expected to fall 2.7% in the next year
Residential
San Francisco
Mar 30, 2023

Home prices in Bay Area expected to fall 2.7% in the next year

Zillow forecast through February 2024 adjusted from earlier 3.6% projected decline

The Real Deal’s Podcast

Deconstruct

The Real Deal’s Isabella Farr and Suzannah Cavanaugh break down the newest, biggest trends and concepts in real estate.

Commercial

all markets
Michigan hoteliers pay $17M for Courtyard by Marriott in Coral Springs
Commercial
South Florida
Mar 30, 2023

Michigan hoteliers pay $17M for Courtyard by Marriott in Coral Springs

Entity managed by Malik Abdulnoor and Sahir Malki paid roughly $155K per room

Rent-stabilized buildings’ profits dive a record 9.1%
Commercial
New York
Mar 30, 2023

Rent-stabilized buildings’ profits dive a record 9.1%

Share of assets in distress jumps: Rent Guidelines Board

Laurus, Torchlight sell Westchester mall at steep loss
Commercial
Los Angeles
Mar 30, 2023

Laurus, Torchlight sell Westchester mall at steep loss

Cannon Commercial’s TTM paid $80M for former Promenade at Howard Hughes Center

Development

all markets
Rilea plans 237-unit apartment project near Dania Beach preserve
Commercial
South Florida
Mar 30, 2023

Rilea plans 237-unit apartment project near Dania Beach preserve

Construction of 12-story building is expected to start in fall

Steve Ross’ Related plans more office towers in West Palm
Commercial
South Florida
Mar 30, 2023

Steve Ross’ Related plans more office towers in West Palm

Firm’s proposal at The Square comes as it’s also building 515 Fern, One Flagler

CEQA lawsuit derails 9,000-home Riverside County project
Development
Los Angeles
Mar 30, 2023

CEQA lawsuit derails 9,000-home Riverside County project

Lewis Group has worked to build planned community for 20 years