Transfer tax hearing gets heated at Chicago City Council
Progressives pushing to increase city’s cut out of $1M-plus transactions
Ald. Maria Hadden with a draft of the resolution (Wikipedia/Sarah-Ji Rhee, Chicago City Council)
Top stories
- Brentwood Airbnb tenant refuses to leave or pay rent for 540 days
- Progressive to drop 100,000 home insurance policies in Florida
- European lender hits Loop office landlord with $237M foreclosure
- WeWork stock dives as firm skips $95M in payments
- No more “party house” in Glendale if new Airbnb law passes
- Sterling Organization eyes $440M Niles overhaul
- Macklowe lands $300M inventory loan at 1 Wall Street
- Wells Fargo buying Hudson Yards retail space for $550M
- Rudin puts mostly empty FiDi office building on market
- Miami Beach approves Boucher Brothers’ Nikki Beach proposal
Get the latest
Real Estate news
Real Estate news
National headlines delivered weekly
National
NAR’s big, bad year
Trade group weathers president drama, landmark commission lawsuits
Commercial
New York
Two outliers breach ranking of largest office leases
Happily for Rentar Development, correction officers can’t train from home
Commercial
National
Gains in the return-to-office are fragile and under threat
Workplace mandates notched small gains, but face Covid-19 and economic uncertainty
National
Multifamily mentor Brad Sumrok built an empire. Now, the cracks are showing
Investment guru teaches newbies the ropes of syndication. Now, loan data suggests some deals are struggling, and Sumrok himself is not immune
Commercial
New York
A jump in Manhattan office leasing? The numbers deceive
Report from Colliers looks rosy thanks to handful of megadeals
Los Angeles
LA’s top general contractors aren’t shying away from CRE
TRD’s first-annual rankings in the City of Angels looks at the most active companies over the past three years
Politics
New York
End of the road? Supreme Court declines to take up challenge to New York’s rent law
Landlords are running out of options for relief
New York
Oct 4, 2023
The Daily Dirt: NYC’s basement apartment problem
City still hasn't figured out how to make the units safe
New York
Oct 3, 2023
A jump in Manhattan office leasing? The numbers deceive
Report from Colliers looks rosy thanks to handful of megadeals
Tri-State
Oct 3, 2023
Listings up in Hamptons, down on North Fork
Long Island’s weekend-home markets moving in opposite directions
New York
Oct 3, 2023
Manhattan market tips in buyers’ favor
Homebuying leverage changed course in September: UrbanDigs
New York
Oct 4, 2023
Zelig Weiss wants out of William Vale
Brooklyn dealmaker, after long battle for control of property, plans Halloween exit
New York
Oct 4, 2023
Vornado replaces departed tenant at Sixth Avenue office tower
Subleasing law firm Selendy Gay Elsberg expands footprint to 101K sf
South Florida
Oct 4, 2023
Steve Ross’ Related scoops up affordable rental complex in Miramar for $48M
Firm took out $25M Fannie Mae loan, assumed $5M in existing debt
South Florida
Oct 4, 2023
Miami’s Temple Israel seeks to rezone parking lot, laying path for redevelopment
Synagogue’s 1.6-acre site is on the border of Arts & Entertainment District, Edgewater and Wynwood
South Florida
Oct 4, 2023
Progressive to drop 100,000 home insurance policies in Florida
Progressive joins more than a dozen insurers pulling back from the Sunshine State
South Florida
Oct 4, 2023
Affiliated wins Fort Lauderdale tax incentive for 400-unit rental project with 140 workforce units
Developer may increase the number of income-restricted units at its Era project if it gets a tax incentive from Broward County
South Florida
Oct 4, 2023
Resi roundup: Financiers, oil honchos and entertainment moguls close deals across South Florida
Buyers and sellers include former Disney exec turned winemaker, a hedge funder and an actor
South Florida
Oct 4, 2023
Endless summer? Miami-Dade condo sales drop in September to $548M
$16M closing at Continuum South Beach took the top spot
Los Angeles
Oct 4, 2023
Landlord countersues LA over alleged gang stronghold
Lawsuit says city-owned alley — not NoHo apartments — host criminal activity
Los Angeles
Oct 4, 2023
Brentwood Airbnb tenant refuses to leave or pay rent for 540 days
Legal conundrum could allow short-term occupant “to stay in it rent-free forever”
Los Angeles
Oct 4, 2023
Madison Realty upsizes loan to $115M for Koreatown apartments
Lender gave Harridge partnership first $34M bridge financing for development last year
Los Angeles
Oct 4, 2023
Arrimus Capital tries new law for approval of 500 homes in Santa Ana
Developer employs AB 2011 to bypass local zoning and CEQA review
Los Angeles
Oct 4, 2023
End to Hollywood strike sparks hope for L.A. home sales
As writers head back to the studios, sales could increase — but not right away
Los Angeles
Oct 3, 2023
LA County home sales slump in September, reversing August gains
In a month-to-month comparison, closed deals drop 7%, new listings are flat
San Francisco
Oct 4, 2023
Pacific General eyes apartments designed for roommates in Sunnyvale
“Affordable by design” complex would include 29 units with 111 bedrooms
San Francisco
Oct 4, 2023
Office sublease availability rises in Silicon Valley, along with rents
Offices available for sublease hit a record 7.6M sf in Q3, while rents rose to $5.22 psf
San Francisco
Oct 4, 2023
Align aims to convert SF industrial building to 44 homes
Potrero Hill project would cost $20M, or $455K per unit
San Francisco
Oct 4, 2023
Starbucks to close seven cafes in Downtown San Francisco
Stores will shutter in SoMa, Union Square, the Financial District and Cathedral Hills
San Francisco
Oct 3, 2023
Downtown office vacancies hit record highs in SF, San Jose and Oakland
But with tech as a driver, the “upswing will come sooner than people think”
San Francisco
Oct 3, 2023
Fulton Retail buys future Trader Joe’s location in SF’s Hayes Valley
Property tied to City Hall corruption scandal trades for $7M to Avery Bays founders
Chicago
Oct 4, 2023
Transfer tax hearing gets heated at Chicago City Council
Progressives pushing to increase city’s cut out of $1M-plus transactions
Chicago
Oct 4, 2023
European lender hits Loop office landlord with $237M foreclosure
CBRE acquired the building on behalf of a group of Korean investors in 2018
Chicago
Oct 3, 2023
Homegrown @Properties keeps Chicago’s residential brokerage crown
Compass’ rapid rise into the city’s biggest challenger comes into view
Chicago
Oct 4, 2023
Former assessor’s office staffer pleads guilty to conspiracy
Basilio Clausen helped businesses lower tax bills by $150K in exchange for free golf
Chicago
Oct 4, 2023
Mayor Johnson creates new position devoted to anti-homelessness measures
City’s first chief homelessness officer must find solutions to affordable housing supply-demand imbalance
Chicago
Oct 4, 2023
Geneva officials grant third extension for mixed-use development
Proposed project calls for 60 apartments and 6K sf of commercial space
Houston
Oct 4, 2023
Surge in Houston’s luxe market ripples in Spring Branch, Oak Forest East
New construction chief among reasons why toney northwest suburbs are luxury hotspots
Houston
Oct 4, 2023
Brookfield scores 245K lease at renovated 3 Houston Center
NRG Energy will move HQ to downtown tower in 2026
San Antonio
Oct 3, 2023
Henry Cisneros group seeks master plan for Arboretum San Antonio
Sees developer for 188-acre South Side project
Houston
Oct 2, 2023
Parkway Ventures acquires 3M sf Post Oak Central and CityWestPlace portfolios
Joint venture plans to redevelop complex
Houston
Oct 4, 2023
Houston's office conversion pipeline hits 5M sf
2.3 percent of metro’s inventory due for new uses
Texas
Oct 4, 2023
Asana adds office complex in Dallas’ Design District
Gets 155K sf property from Quadrant Investment Properties, FCP
Residential
all markets
- all markets
- Austin
- Chicago
- Dallas
- Fort Worth
- Houston
- Los Angeles
- National
- New York
- San Antonio
- San Francisco
- South Florida
- Texas
- Tri-State
San Francisco
Oct 4, 2023
Align aims to convert SF industrial building to 44 homes
Potrero Hill project would cost $20M, or $455K per unit
Houston
Oct 4, 2023
Houston's office conversion pipeline hits 5M sf
2.3 percent of metro’s inventory due for new uses
South Florida
Oct 4, 2023
Progressive to drop 100,000 home insurance policies in Florida
Progressive joins more than a dozen insurers pulling back from the Sunshine State
Houston
Oct 4, 2023
Surge in Houston’s luxe market ripples in Spring Branch, Oak Forest East
New construction chief among reasons why toney northwest suburbs are luxury hotspots
San Francisco
Oct 4, 2023
Pacific General eyes apartments designed for roommates in Sunnyvale
“Affordable by design” complex would include 29 units with 111 bedrooms
Los Angeles
Oct 4, 2023
End to Hollywood strike sparks hope for L.A. home sales
As writers head back to the studios, sales could increase — but not right away
Upcoming Events
LA Real Estate Forum
The London West Hollywood
South Florida Real Estate Forum
Mana Wynwood
trd.ai
Mana Wynwood
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
- all markets
- Austin
- Chicago
- Dallas
- Houston
- Los Angeles
- National
- New York
- San Antonio
- San Francisco
- South Florida
- Texas
- Tri-State
San Francisco
Oct 4, 2023
Starbucks to close seven cafes in Downtown San Francisco
Stores will shutter in SoMa, Union Square, the Financial District and Cathedral Hills
National
Oct 4, 2023
Nightingale reaches settlement to repay CrowdStreet investors
Founder Elie Schwartz to sell buildings to reimburse money lost in crowdfunding scandal
New York
Oct 4, 2023
Zelig Weiss wants out of William Vale
Brooklyn dealmaker, after long battle for control of property, plans Halloween exit
New York
Oct 4, 2023
Vornado replaces departed tenant at Sixth Avenue office tower
Subleasing law firm Selendy Gay Elsberg expands footprint to 101K sf
New York
Oct 4, 2023
Clarion takes $100M haircut in Midtown South deal with Sovereign Partners
Cyrus and Darius Sakhai land another bargain
Houston
Oct 4, 2023
Houston's office conversion pipeline hits 5M sf
2.3 percent of metro’s inventory due for new uses
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
South Florida
Oct 4, 2023
Affiliated wins Fort Lauderdale tax incentive for 400-unit rental project with 140 workforce units
Developer may increase the number of income-restricted units at its Era project if it gets a tax incentive from Broward County
South Florida
Oct 4, 2023
Miami’s Temple Israel seeks to rezone parking lot, laying path for redevelopment
Synagogue’s 1.6-acre site is on the border of Arts & Entertainment District, Edgewater and Wynwood
National
Oct 4, 2023
Real estate tycoons blanket Forbes’ billionaires list
Donald Bren up, Steve Ross down, Donald Trump out
Los Angeles
Oct 4, 2023
Madison Realty upsizes loan to $115M for Koreatown apartments
Lender gave Harridge partnership first $34M bridge financing for development last year
New York
Oct 4, 2023
BFC Partners advances 430-unit Coney Island project
Downsized offering is third phase of huge affordable housing development
New York
Oct 4, 2023
Avery Hall lands $73M loan for Gowanus project
Joint venture eyes 133-unit rental at 544 Carroll Street