Financing gets frigid
Loans by New York City’s top 20 lenders fell by half: TRD analysis
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Commercial
Chicago
Trump Tower Chicago killing fish
Cooling water intake system illegally drew in and allegedly killed thousands of fish from the Chicago River for years, according to ruling
Dallas
Lone Star Funds closes $2.7B for “deep value” assets on 3 continents
Fund is 41% smaller than its predecessor in 2019
Commercial
New York
SL Green bought Aby Rosen’s 522 Fifth debt at 40% discount
REIT paid 60 cents on the dollar for $224M mortgage
Commercial
Tri-State
“Sophisticated businesspeople” did $35M deal on handshake. Bad idea
Investors say Shaya Prager owes them $10M; he says he paid
Residential
National
What’s next in the rape lawsuits, criminal probe around the Alexanders
Tal, Oren have argued timelines as criminal charges could be down the line
Commercial
National
Patrick Cantlay’s next drive? Multifamily real estate
PGA Tour vet joins LRE Management as advisory board member
Commercial
New York
In epic feud, Great Neck family seeks to hold 96-year old patriarch in contempt
Longtime Manhattan landlord Jacob Harounian says he’s broke, son demands $9M: ‘He set up a trap for me’
Magazine
Los Angeles
LA’s top resi brokers continue to close despite market conditions and political headwinds
Resilient markets like Beverly Hills and Malibu key to success in this year's annual TRD rankings
Sep 13, 2024
Candice Miller sued by landlord over unpaid rent on Park Avenue pad
Brandon Miller’s widow owes $195K after vacating luxury apartment: suit
Sep 13, 2024
Another sale, another big discount at Extell’s Central Park Tower
The 7,600-sf Billionaire’s Row unit sold for $43.5 million
Sep 13, 2024
Extell finds partner for Diamond District hotel amid lawsuit fight
Kimpton joining 529-key project next to Rockefeller Center
Sep 13, 2024
Anchor tenant Nordstrom Rack abandons beleaguered mall on Staten Island
Empire Outlets is losing the discount department store this December
Sep 14, 2024
The Daily Dirt: Developers on edge, waiting on the City of Yes
"We are having to design our buildings both ways”
Sep 13, 2024
Eric Adams flexes muscle on Local Law 97, tripling enforcement staff
3,700 properties may be noncompliant, incurring $900M in fines
Sep 13, 2024
Location Ventures’ receiver seeks to sell Miami Beach dev site for $18M
Bernice Lee found buyer for Washington Avenue properties where Rishi Kapoor planned a co-living project
Sep 13, 2024
Artefacto’s Paulo Bacchi sells two Palm Island properties for $20M
Concrete mogul Randall Edgar plans to live in one home while he builds another
Sep 13, 2024
Baywood lands approval for 124-key Hyatt House in Doral, amid uptick in hospitality proposals
Six-story building will rise next to Residence Inn by Marriott
Sep 13, 2024
Lennar drops $17M on 38-acre Homestead site amid development spree
Miami-based homebuilder proposed 105 single-family homes for site earlier this year
Sep 13, 2024
Focus Healthcare drops $64M for Palm Beach County assisted living facility, as senior care deals continue
Buyer borrowed $48M Freddie Mac loan for the property
Sep 13, 2024
Maxx scoops up 145-unit Wilton Manors apartment complex for $47M, amid multifamily investment sales slowdown
Gables Residential completed garden-style property in 2009
Sep 13, 2024
LA luxury agents sound off on NAR, Measure ULA
Linda May, Sally Forster Jones, Aaron Kirman and Kamini Lane share stage at TRD forum
Sep 13, 2024
TRD Forum: How LA mixed use is growing up
Larry Green, David Reuben Jr. and Hana Cha discuss creation of the next downtown
Sep 13, 2024
LA office market “scraping” bottom, bouncing back with new buyers
Panel sees green shoots popping from troubled market sector at TRD forum
Sep 13, 2024
Coupon mogul George Ruan sells Bel-Air estate for $112M
Honey co-founder paid $60M in 2020 for the unfinished fixer
Sep 12, 2024
SoCalGas to exit Gas Company Tower in LA for new digs on Bunker Hill
Utility leases 200K sf at Two California Plaza in largest Downtown office deal of the year
Sep 12, 2024
Court upholds conviction of developer in Huizar bribery scheme
L.A.-based Shen Zhen sentenced with $4M fine and maximum five years probation
Sep 13, 2024
Kaiser sells East Bay office tower, parking complex to Behring Companies for $14.35M
EB-5 developer pays just $20 per square foot
Sep 13, 2024
Panelists predict long road to Bay Area hospitality recovery
Industry experts stress collaboration, not competition in dealing with tourism downturn
Sep 13, 2024
SF’s City Attorney sues Leap over water-filled development site
Public nuisance complaint alleges “graffiti, garbage, mosquito infestations”
Sep 11, 2024
South Bay golf course conversion faces double-barreled bureaucracy
Developer needs OK from both San Jose and Santa Clara County for 1,700-home project
Sep 12, 2024
Paramount Group plans to sell $402M debt on SF’s Market Center
REIT has zeroed out investment in office complex and could recoup $224M at exit
Sep 11, 2024
“Lock-in effect” shrinks market for Bay Area homes, study finds
Regional market shows biggest gap in before-and-after comparison of interest rates
Sep 13, 2024
LNR piles foreclosure suit on Accesso’s distressed office portfolio
Special servicer for $18M Naperville loan takes landlord to court for missing maturity at 215 Shuman Boulevard
Sep 13, 2024
Sulo Development eyes condo towers in apartment-heavy Fulton Market
Proposing purchase of vacant lot from Sterling Bay
Sep 13, 2024
Mayor Johnson backs off progressive ally as Zoning Chair pick, selects Burnett instead
Shift by mayor follows business community opposition to Sigcho-Lopez
Sep 12, 2024
Inside the many Chicago multifamily woes of Strategic Properties of North America
Firm known for condo deconversion clashes is fighting lawsuits while struggling with floating-rate loans
Sep 13, 2024
Suburb greenlights $109M reimbursements for mixed-use development
Crown Community Development plans 761-acre project in Sugar Grove
Sep 13, 2024
Medical examiner ditches West Loop relocation plans
Was in talks to buy former industrial building from Neil Doyle’s TradeLane Properties
Austin
Sep 13, 2024
Tides faces foreclosure on $30M Austin apartments
Bridge Investment Group noticed Tides at Mueller, at 5700 Cameron Road, for an October foreclosure sale
Austin
Sep 13, 2024
Fredrik Eklund puts “skin in the game” with $2M+ penthouse buy
Intracorp plans to deliver South Congress luxury development by 2027
Dallas
Sep 12, 2024
Lone Star Funds closes $2.7B for “deep value” assets on 3 continents
Fund is 41% smaller than its predecessor in 2019
Austin
Sep 13, 2024
Karlin lists small downtown buildings with very big potential
Site of Shiner’s Saloon belonged to Nate Paul’s World Class Holdings until 2021
San Antonio
Sep 13, 2024
Milam Real Estate Capital nabs PwC in upsize office move
Big four accounting firm is latest to trade downtown for North Side
Dallas
Sep 13, 2024
Cedarwood bringing more apartments to boomtown Celina
Ohio-based developer getting in on rush of residential development in nation’s fastest-growing town
Sep 11, 2024
Mortgage rates dip to 19-month low
Contract rate fell 14 basis points to 6.29%: MBA
Sep 10, 2024
NAR’s D-Day is over, but it’s not in the clear yet
After historic settlement, lawsuits and DOJ interest remain
Sep 10, 2024
"100% legal": TikTok syndicator indicted for defrauding investors
Teddy Miller illegally used social media to raise funds, SEC claims
Sep 10, 2024
Declining mortgage rates fail to inspire homebuyers
Pessimism about affordability, supply remain strong: Fannie Mae
Charlotte
Sep 14, 2024
Trammell Crow wins massive Iron District deal
Will develop 55-acre former Charlotte Pipe & Foundry into mixed-use hub
Sep 14, 2024
Taylor Swift’s Eras Tour boon for international hotel industry
“I think she contributed a couple hundred basis points to global GDP this year — I’m not kidding,” Hyatt CEO Mark Hoplamazian says
Los Angeles
Sep 13, 2024
LA luxury agents sound off on NAR, Measure ULA
Linda May, Sally Forster Jones, Aaron Kirman and Kamini Lane share stage at TRD forum
San Francisco
Sep 13, 2024
SF’s City Attorney sues Leap over water-filled development site
Public nuisance complaint alleges “graffiti, garbage, mosquito infestations”
Los Angeles
Sep 13, 2024
Coupon mogul George Ruan sells Bel-Air estate for $112M
Honey co-founder paid $60M in 2020 for the unfinished fixer
South Florida
Sep 13, 2024
Artefacto’s Paulo Bacchi sells two Palm Island properties for $20M
Concrete mogul Randall Edgar plans to live in one home while he builds another
National
Sep 13, 2024
The most overlooked affordable housing, and its big flaw
Manufactured homes, cheap and improving, usually sit on rented land
Chicago
Sep 12, 2024
Chicago sues ex-employee alleging $200K rental assistance scam
Fake property management company applied for more than $700K in emergency rental assistance during pandemic, lawsuit alleges
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National
Sep 14, 2024
Taylor Swift’s Eras Tour boon for international hotel industry
“I think she contributed a couple hundred basis points to global GDP this year — I’m not kidding,” Hyatt CEO Mark Hoplamazian says
San Antonio
Sep 13, 2024
Milam Real Estate Capital nabs PwC in upsize office move
Big four accounting firm is latest to trade downtown for North Side
San Francisco
Sep 13, 2024
Kaiser sells East Bay office tower, parking complex to Behring Companies for $14.35M
EB-5 developer pays just $20 per square foot
New York
Sep 13, 2024
Anchor tenant Nordstrom Rack abandons beleaguered mall on Staten Island
Empire Outlets is losing the discount department store this December
Austin
Sep 13, 2024
Tides faces foreclosure on $30M Austin apartments
Bridge Investment Group noticed Tides at Mueller, at 5700 Cameron Road, for an October foreclosure sale
South Florida
Sep 13, 2024
Focus Healthcare drops $64M for Palm Beach County assisted living facility, as senior care deals continue
Buyer borrowed $48M Freddie Mac loan for the property
Charlotte
Sep 14, 2024
Trammell Crow wins massive Iron District deal
Will develop 55-acre former Charlotte Pipe & Foundry into mixed-use hub
Austin
Sep 13, 2024
Fredrik Eklund puts “skin in the game” with $2M+ penthouse buy
Intracorp plans to deliver South Congress luxury development by 2027
Chicago
Sep 13, 2024
Sulo Development eyes condo towers in apartment-heavy Fulton Market
Proposing purchase of vacant lot from Sterling Bay
South Florida
Sep 13, 2024
Baywood lands approval for 124-key Hyatt House in Doral, amid uptick in hospitality proposals
Six-story building will rise next to Residence Inn by Marriott
South Florida
Sep 13, 2024
Location Ventures’ receiver seeks to sell Miami Beach dev site for $18M
Bernice Lee found buyer for Washington Avenue properties where Rishi Kapoor planned a co-living project
Dallas
Sep 13, 2024
Cedarwood bringing more apartments to boomtown Celina
Ohio-based developer getting in on rush of residential development in nation’s fastest-growing town