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  1. Ex-Bespoke exec alleges racial discrimination, harassment
  2. Waldorf Astoria condo conversion could be “lucky” for 2025 opening
  3. Manhattan hotel trades in biggest distressed lodging deal of pandemic
  4. Lutheran School of Theology sells off Hyde Park campus for $19M
  5. Tahl Propp lets rent-stabilized condos go at 70% discount
Lerner vs. Lerner: Father, son battle over $35M Fulton Market deal
Development
Chicago
Mar 23, 2023

Lerner vs. Lerner: Father, son battle over $35M Fulton Market deal

Player behind MCZ Development sued over deal involving @properties co-CEOs Wong and Golden

Tutor Perini debt downgraded from junk to junkier
Commercial
National
Mar 23, 2023

Tutor Perini debt downgraded from junk to junkier

S&P said firm’s leverage is “substantially higher than our expectation

Ex-Bespoke exec alleges racial discrimination, harassment
New York
Mar 23, 2023

Ex-Bespoke exec alleges racial discrimination, harassment

Complaint claims racial slurs, demotion by founders Zach and Cody Vichinsky 

The machines are home: Will AI transform residential real estate tech?
National
Mar 2, 2023

The machines are home: Will AI transform residential real estate tech?

A new generation of chatbots and generative AI seek to change everything from valuations to how brokerages run

Outsider wins Flatiron Building after bidding war with Gural 
Commercial
New York
Mar 22, 2023

Outsider wins Flatiron Building after bidding war with Gural 

Jacob Garlick’s Abraham Trust swoops in with winning $190M bid for famed office building

Bank Failures

all markets
Lawsuit claims Signature Bank employees kept jobs after fraud allegations 
Commercial
National
Mar 16, 2023

Lawsuit claims Signature Bank employees kept jobs after fraud allegations 

Former exec says she was wrongfully fired while bank protected male colleagues

Flight to safety pushes mortgage rates down, applications up
Residential
National
Mar 15, 2023

Flight to safety pushes mortgage rates down, applications up

7 percent increase in purchase loan requests

WATCH: Signature’s collapse: What we know so far 
Commercial
New York
Mar 14, 2023

WATCH: Signature’s collapse: What we know so far 

Fears of contagion, headaches related to accessing funds, letters of credit

New York

Tahl Propp lets rent-stabilized condos go at 70% discount
Commercial
New York
Mar 23, 2023

Tahl Propp lets rent-stabilized condos go at 70% discount

Owner attributes low price to wait-time to clear units in Fifth Ave building

Apartment development boom in Westchester invigorates downtowns
Development
Tri-State
Mar 23, 2023

Apartment development boom in Westchester invigorates downtowns

Multifamily building permit filings grew six-fold over eight years

Extell lands $500M inventory loan at Central Park Tower
Development
New York
Mar 23, 2023

Extell lands $500M inventory loan at Central Park Tower

Project’s original mezzanine loan was set to mature

South Florida

Liquor store owner sues Miami Beach over spring break restrictions
Commercial
South Florida
Mar 23, 2023

Liquor store owner sues Miami Beach over spring break restrictions

City declared state of emergency that prohibits retailers from selling booze after 6 p.m. beginning today through Sunday

MG Developer moves forward with Village at Coral Gables project 
Development
South Florida
Mar 23, 2023

MG Developer moves forward with Village at Coral Gables project 

Coral Gables commission to vote on final plat approval next week

Financier buys waterfront Boca Raton spec home for $11M
Residential
South Florida
Mar 23, 2023

Financier buys waterfront Boca Raton spec home for $11M

Home spans 7,100 sf, with 102 feet of water frontage

Los Angeles

Citizens oversight board named to manage ULA transfer tax
Politics
Los Angeles
Mar 23, 2023

Citizens oversight board named to manage ULA transfer tax

No for-profit developers or property owners will sit at the table for spending decisions

Cher relists longtime Malibu mansion at $75M
Residential
Los Angeles
Mar 23, 2023

Cher relists longtime Malibu mansion at $75M

Singer/actress cut $10M from price of 13,200 sf Italianate estate

Terran Orbital pre-leases 94K sf industrial building in Irvine
Commercial
Los Angeles
Mar 22, 2023

Terran Orbital pre-leases 94K sf industrial building in Irvine

Building to come online in 2024 to join satellite manufacturing hub in OC

San Francisco

Six proposed highrises would tower over Downtown Berkeley
Residential
San Francisco
Mar 23, 2023

Six proposed highrises would tower over Downtown Berkeley

New apartment towers made possible by state density bonus law

Oakland landlords sue Twitter over nearly $1.3M in unpaid rent
Commercial
San Francisco
Mar 22, 2023

Oakland landlords sue Twitter over nearly $1.3M in unpaid rent

KKR and TMG Partners allege social media firm has not paid four months rent for offices

Holy Names University hits the market for $70M
Commercial
San Francisco
Mar 22, 2023

Holy Names University hits the market for $70M

The property can continue as a school campus or be redeveloped for residences

NYC Real Estate Forum 2023
,
May
04

NYC Real Estate Forum 2023

New York Pavillion

Chicago

Little Village mall tenants fight back against Novak
Commercial
Chicago
Mar 23, 2023

Little Village mall tenants fight back against Novak

Canon Law Group files emergency injunction request, buying vendors time

Arlington Heights settles for Holladay self-storage plan at gateway
Development
Chicago
Mar 22, 2023

Arlington Heights settles for Holladay self-storage plan at gateway

Golf Road property was intended to be retail district, but lack of frontage doomed it, developer says

Rush, Novak plan $70M West Side facility
Development
Chicago
Mar 22, 2023

Rush, Novak plan $70M West Side facility

60,000-square-foot project to open at former Sears location

Texas

CSW plans $50M resi complex in Far West
Residential
Austin
Mar 23, 2023

CSW plans $50M resi complex in Far West

Austin development will have 359 units, 10 percent being affordable

Buyer’s market in Austin? Kind of.
Residential
Austin
Mar 23, 2023

Buyer’s market in Austin? Kind of.

Decreased sales signal a stabilized market as high rates inhibit first-time buyers

Cielo Property Group founders part ways
Development
Austin
Mar 22, 2023

Cielo Property Group founders part ways

Austin developers will start new ventures, sources tell TRD

Residential

all markets
Miami pandemic party house owner slapped with $230K fine
Residential
South Florida
Mar 23, 2023

Miami pandemic party house owner slapped with $230K fine

Entity managed by red light camera mogul John Petrozza allegedly operated illegal short-term rentals at his waterfront mansion in Belle Meade

CityPads nets key green light for $40M Near North Side apartments
Residential
Chicago
Mar 23, 2023

CityPads nets key green light for $40M Near North Side apartments

Developer aims to fill ‘missing middle’ in Chicago’s housing market

Financier buys non-waterfront Palm Beach townhouse for $8M
Residential
South Florida
Mar 23, 2023

Financier buys non-waterfront Palm Beach townhouse for $8M

Richard Roeder also owns a Palm Beach condo he bought for $2.5M in 2021

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
Landlords rage over Oakland’s eviction moratorium
Commercial
San Francisco
Mar 23, 2023

Landlords rage over Oakland’s eviction moratorium

Property owners upset about non-paying tenants shout down City Council session

Little Village mall tenants fight back against Novak
Commercial
Chicago
Mar 23, 2023

Little Village mall tenants fight back against Novak

Canon Law Group files emergency injunction request, buying vendors time

Liquor store owner sues Miami Beach over spring break restrictions
Commercial
South Florida
Mar 23, 2023

Liquor store owner sues Miami Beach over spring break restrictions

City declared state of emergency that prohibits retailers from selling booze after 6 p.m. beginning today through Sunday

Development

all markets
Waldorf Astoria condo conversion could be “lucky” for 2025 opening
Development
New York
Mar 23, 2023

Waldorf Astoria condo conversion could be “lucky” for 2025 opening

Hilton projects 2024 completion for beleaguered development 

MG Developer moves forward with Village at Coral Gables project 
Development
South Florida
Mar 23, 2023

MG Developer moves forward with Village at Coral Gables project 

Coral Gables commission to vote on final plat approval next week

Apartment development boom in Westchester invigorates downtowns
Development
Tri-State
Mar 23, 2023

Apartment development boom in Westchester invigorates downtowns

Multifamily building permit filings grew six-fold over eight years