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  1. “A phenomenon”: What’s holding up South Florida projects?
  2. Real estate investor pleads guilty to fraud on $149M loan
  3. Signature collapse may sound death knell for rent-stabilized properties
  4. Judge deals blow to Grutman, Soffer’s Story nightclub
  5. South Florida’s aging condo stock, high costs and hungry developers create a “perfect storm” 
UBS to buy Credit Suisse for more than $2B
Breaking News
New York
Mar 19, 2023

UBS to buy Credit Suisse for more than $2B

Swiss regulators said to be pushing deal to restore stability to financial system

Here’s what bank failures mean for South Florida real estate 
Commercial
South Florida
Mar 17, 2023

Here’s what bank failures mean for South Florida real estate 

Meltdown may resonate with office, resi markets exposed to investment from crypto, blockchain, fintech firms

Owner of sinking Stamford luxury lofts sues developer, city
Development
National
Mar 19, 2023

Owner of sinking Stamford luxury lofts sues developer, city

Gaia Real Estate claims building is settling due to Business and Land Technology’s negligence 

Isaac Chetrit lists Midtown office building for $50M
Commercial
New York
Mar 19, 2023

Isaac Chetrit lists Midtown office building for $50M

Investors had planned to convert 315 West 35th Street into condominiums

Long & Foster co-founder Wesley Foster dies at 89
Residential
National
Mar 19, 2023

Long & Foster co-founder Wesley Foster dies at 89

Co-founded one of largest real estate companies in the nation

New York

Cea Weaver learns there’s no free lunch
Politics
New York
Mar 17, 2023

Cea Weaver learns there’s no free lunch

Landlords lambaste tenant advocate’s complaint after “good cause” rally snafu

Abraham Leifer’s Midtown conversion facing foreclosure
Development
New York
Mar 17, 2023

Abraham Leifer’s Midtown conversion facing foreclosure

Developer also under pressure at Downtown Brooklyn hotel

Back from brink: Desperate landlords get another chance
Commercial
New York
Mar 17, 2023

Back from brink: Desperate landlords get another chance

Allen Stein, Leo Schwimmer dodge foreclosure on Upper Manhattan rentals

South Florida

Advertising honcho’s widow flips SeaGlass condo for $11M
Residential
South Florida
Mar 17, 2023

Advertising honcho’s widow flips SeaGlass condo for $11M

Seller Janet Stern closed on unit for $6.3M in November

CC Homes pays $13M for church’s dev site near Coral Gables
Development
South Florida
Mar 17, 2023

CC Homes pays $13M for church’s dev site near Coral Gables

Miami-Dade Kendall Community Council approved plans for 26 single-family homes, a new house of worship and to preserve 2 acres of forest land

South Florida’s aging condo stock, high costs and hungry developers create a “perfect storm” 
Commercial
South Florida
Mar 16, 2023

South Florida’s aging condo stock, high costs and hungry developers create a “perfect storm” 

Mounting issues are “going to put people on the street,” says Bilzin Sumberg’s Carter McDowell

Los Angeles

Judge demands details of attorney’s illness in Raymond Chan trial
Politics
Los Angeles
Mar 17, 2023

Judge demands details of attorney’s illness in Raymond Chan trial

Former LA deputy mayor accused in City Hall “pay to play” bribery scheme

Fox to add nine soundstages to Century City movie lot
Commercial
Los Angeles
Mar 17, 2023

Fox to add nine soundstages to Century City movie lot

Historic studio will add post-production facilities, base camps and offices

Record-holding penthouse listing takes a $25M price cut
Residential
Los Angeles
Mar 17, 2023

Record-holding penthouse listing takes a $25M price cut

One L.A.. the penthouse at Four Seasons Private Residences, cuts ask 33% to $50M

San Francisco

Bay Area home sales log biggest price drops in the nation
Residential
San Francisco
Mar 17, 2023

Bay Area home sales log biggest price drops in the nation

Redfin data shows San Jose prices fell 17% year-over-year

Sacramento bill could allow public swimming pool to float in SF Bay
Commercial
San Francisco
Mar 17, 2023

Sacramento bill could allow public swimming pool to float in SF Bay

Sen. Scott Wiener’s bill would allow construction of the heated pool at Piers 30-32

Two Side companies merge, creating big firm in SF resi market
Residential
San Francisco
Mar 17, 2023

Two Side companies merge, creating big firm in SF resi market

City Real Estate and Polaris Realty combined will have 50 agents with plans to grow

NYC Real Estate Forum 2023
,
May
04

NYC Real Estate Forum 2023

New York Pavillion

Chicago

Congressman ‘Chuy’ Garcia endorses former foe Brandon Johnson in mayoral runoff
Commercial
Chicago
Mar 17, 2023

Congressman ‘Chuy’ Garcia endorses former foe Brandon Johnson in mayoral runoff

Fourth-place finisher in initial voting throws support against real estate-backed Paul Vallas

Plans ramp up for 800 W Lake
Commercial
Chicago
Mar 16, 2023

Plans ramp up for 800 W Lake

Building will rise 390 feet with 33 stories and 349 residential units

Ashkenazy buys Rogers Park shopping center for $22M
Commercial
Chicago
Mar 16, 2023

Ashkenazy buys Rogers Park shopping center for $22M

Seller is San Francisco-based Stockbridge

Texas

Massive resort coming to Crystal Beach
Development
Texas
Mar 17, 2023

Massive resort coming to Crystal Beach

Bolivar Investment Group’s 110-acre development plan includes a small airport

San Antonio better investment than Austin
Residential
Texas
Mar 17, 2023

San Antonio better investment than Austin

The Real Deal publisher Amir Korangy says the Alamo City is “more steady,” “less prone to fluctuations”

Former RadioShack CEO auctions mansion
Residential
Dallas
Mar 16, 2023

Former RadioShack CEO auctions mansion

Len Roberts gave builder “unlimited budget” for Fort Worth home

Residential

all markets
Here are the celebrities who flip houses as a side hustle
Residential
National
Mar 18, 2023

Here are the celebrities who flip houses as a side hustle

Stars like Diane Keaton, Jeremy Renner and Sofia Richie are making bank on flipping

Meek Mill looks to sell Atlanta-area mansion
Residential
National
Mar 18, 2023

Meek Mill looks to sell Atlanta-area mansion

Rapper claims he’s never moved into the luxe Sandy Springs home

Two Bay Area say no to builder’s remedy applications
Residential
San Francisco
Mar 17, 2023

Two Bay Area say no to builder’s remedy applications

Sonoma and Los Altos Hills say they’re not subject to the housing provision; the state disagrees

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
Evolent adds to West Loop sublease listing
Commercial
Chicago
Mar 17, 2023

Evolent adds to West Loop sublease listing

Health care consultant now shedding 122,000 square feet at 300 South Riverside

Z&L Properties looking to offload another Silicon Valley property
Commercial
San Francisco
Mar 17, 2023

Z&L Properties looking to offload another Silicon Valley property

Also recently listed condo towers in SanJose for $300 million

Signature Bank’s real estate loans under scrutiny
Commercial
National
Mar 17, 2023

Signature Bank’s real estate loans under scrutiny

Half of multifamily lending was to rent-stabilized buildings, yet it reported near-zero delinquency

Development

all markets
Central Texas town needs facelift
Development
Texas
Mar 17, 2023

Central Texas town needs facelift

Downtown Seguin, amid Austin and San Antonio megaregion, has wasted space

Centner Academy owners assemble land in Wynwood 
Development
South Florida
Mar 17, 2023

Centner Academy owners assemble land in Wynwood 

School owners are buying up sites in the Wynwood Norte district 

Large South LA development site hits market for undisclosed price
Development
Los Angeles
Mar 17, 2023

Large South LA development site hits market for undisclosed price

Vermont Ave. property comes with multiple buildings