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  1. McDonald’s HQ owner sues Wells Fargo, Bank of America
  2. Pustilnikov files suit over Redondo Beach power plant sale
  3. How Blackstone shrunk office holdings to 2 percent
  4. Pretium pays $1.5B in D.R. Horton deal
  5. Malibu’s famous Wave House hits the market asking $50M
  6. LVMH to scrap Rodeo Drive hotel after Beverly Hills ballot rejection
  7. Houston REIT turning entire 7M sf portfolio into self-storage
  8. Auto dealers are unexpected fuel for South Florida luxury
  9. Related, BH buy Chetrit’s Pompano Beach dev site for $48M
  10. FCP, Mill Creek pay $25M for multifamily dev site next to NSU in Davie
Kroenke snaps up Malibu shopping center for $82M
Commercial
Los Angeles
Jun 2, 2023

Kroenke snaps up Malibu shopping center for $82M

Jamestown sells Malibu Village at steep discount

CRE’s landscape is rapidly shifting 
Commercial
National
Jun 3, 2023

CRE’s landscape is rapidly shifting 

Firms rethink their business models and how to manage their assets

A year without 421a: Project sales, lawsuits and wasted rezonings
Politics
New York
Jun 2, 2023

A year without 421a: Project sales, lawsuits and wasted rezonings

Dramatic storylines have emerged from tax break’s expiration

Zell’s angels: How the brash tycoon changed the real estate game forever
National
Jun 1, 2023

Zell’s angels: How the brash tycoon changed the real estate game forever

Investor pulled off largest-ever leveraged buyout; pioneered REITs

Sotheby’s buys Breuer Building for $100M
Commercial
New York
Jun 1, 2023

Sotheby’s buys Breuer Building for $100M

Madison Avenue landmark to feature auction house, exhibition space

Nate Paul’s role in Texas attorney general’s impeachment, explained
Politics
Texas
Jun 2, 2023

Nate Paul’s role in Texas attorney general’s impeachment, explained

Investigators claim Ken Paxton pressured staff to ease Paul’s foreclosure woes

Colorado struggles to chart housing crisis solution
Development
National
Jun 3, 2023

Colorado struggles to chart housing crisis solution

Major land use overhaul bill recently failed

New York

Naftali’s lending arm provides mezzanine note on Greenwich Village project
Commercial
New York
Jun 2, 2023

Naftali’s lending arm provides mezzanine note on Greenwich Village project

It’s the first deal of the second investment fund for the condo developer’s nascent lending platform

Invesco willing to take loss on Meatpacking office
Commercial
New York
Jun 2, 2023

Invesco willing to take loss on Meatpacking office

Firm shopping converted garage’s leasehold for $90M+ after buying it for $150M in 2018

“Grinch who stole summer”: Airbnb sues New York City
Commercial
New York
Jun 2, 2023

“Grinch who stole summer”: Airbnb sues New York City

Short-term rental firm rebukes Local Law 18

South Florida

Big Ten commissioner Tony Petitti flips Jupiter Island condo
Residential
South Florida
Jun 2, 2023

Big Ten commissioner Tony Petitti flips Jupiter Island condo

Petitti sold the unit for a 71% markup seven months after buying it

Lennar proposes 266 townhomes in south Miami-Dade
Development
South Florida
Jun 2, 2023

Lennar proposes 266 townhomes in south Miami-Dade

Homebuilder under contract to purchase 20-acre site for undisclosed price

Auto dealers are unexpected fuel for South Florida luxury
Residential
South Florida
Jun 2, 2023

Auto dealers are unexpected fuel for South Florida luxury

Trophy buyers beat out hedge funders, tech bosses and media moguls for records

Los Angeles

LA single-family home sales show slight uptick in May
Residential
Los Angeles
Jun 2, 2023

LA single-family home sales show slight uptick in May

“Buyers have been on the sidelines for months,” says one agent

Pustilnikov files suit over Redondo Beach power plant sale
Development
Los Angeles
Jun 2, 2023

Pustilnikov files suit over Redondo Beach power plant sale

Ahead of bankruptcy hearing, developer alleges breach of contract by energy firm

Agents gauge State Farm’s exit from home insurance market
Residential
Los Angeles
Jun 1, 2023

Agents gauge State Farm’s exit from home insurance market

“If the other insurance companies follow State Farm, then we have a problem”

San Francisco

EV companies drop industrial space in East Bay, Silicon Valley
Commercial
San Francisco
Jun 2, 2023

EV companies drop industrial space in East Bay, Silicon Valley

Two automakers offload nearly 250K sf

Rent strike looms ahead of potential Veritas buyback of $1B debt
Residential
San Francisco
Jun 2, 2023

Rent strike looms ahead of potential Veritas buyback of $1B debt

SF tenants seek new landlord as company puts loans for 95 properties on auction block

SF’s historic Clay Theater could become a retail center
Commercial
San Francisco
Jun 2, 2023

SF’s historic Clay Theater could become a retail center

Movie house doesn’t make economic sense while boutiques move into Fillmore

Chicago

Landmark West Loop office building headed to auction block
Commercial
Chicago
Jun 2, 2023

Landmark West Loop office building headed to auction block

Starting bid of $2M bid for property that once drew 25 times that amount

Chicago has second-largest racial gap for home appraisals in U.S.
Residential
Chicago
Jun 2, 2023

Chicago has second-largest racial gap for home appraisals in U.S.

Appraisals in white neighborhoods 2.77 times higher than minority neighborhoods

McDonald’s HQ owner sues Wells Fargo, Bank of America
Commercial
Chicago
Jun 2, 2023

McDonald’s HQ owner sues Wells Fargo, Bank of America

Normandy properties bought the Fulton Market asset with the lenders for $420M in 2020

Texas

SEC sues “Queen of Mobile Homes” for fraud 
Texas
Jun 2, 2023

SEC sues “Queen of Mobile Homes” for fraud 

Climate change barreling into Houston
Residential
Houston
Jun 1, 2023

Climate change barreling into Houston

Hundreds of thousands of homes are at risk of flooding and hurricane damage

Inside Grand Prairie’s master plans for I-30
Development
Dallas
Jun 1, 2023

Inside Grand Prairie’s master plans for I-30

New cricket stadium and apartments could bolster Dallas suburb’s vision

Residential

all markets
SummerHill moves ahead on 334 apartments and townhomes in San Jose
Residential
San Francisco
Jun 2, 2023

SummerHill moves ahead on 334 apartments and townhomes in San Jose

Marcus & Millichap subsidiary publishes EIR on development near tech parks

Malibu’s famous Wave House hits the market asking $50M
Residential
Los Angeles
Jun 2, 2023

Malibu’s famous Wave House hits the market asking $50M

Mid-Century masterpiece, designed by Harry Gesner, was built to look like a cresting wave

LA single-family home sales show slight uptick in May
Residential
Los Angeles
Jun 2, 2023

LA single-family home sales show slight uptick in May

“Buyers have been on the sidelines for months,” says one agent

LA Real Estate Forum
,
September
21

LA Real Estate Forum

The London West Hollywood

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
Sobrato Organization sells Cupertino strip mall for $93M
Commercial
San Francisco
Jun 2, 2023

Sobrato Organization sells Cupertino strip mall for $93M

Metlife unit buys the 196K sf retail center for $470 psf

Diamond Offshore leases 62K sf in Houston’s Energy Corridor
Commercial
Houston
Jun 2, 2023

Diamond Offshore leases 62K sf in Houston’s Energy Corridor

Marks 37% decrease in office footprint

EV companies drop industrial space in East Bay, Silicon Valley
Commercial
San Francisco
Jun 2, 2023

EV companies drop industrial space in East Bay, Silicon Valley

Two automakers offload nearly 250K sf

Development

all markets
Swire unveils plans for two-tower Mandarin-branded Brickell Key project
Development
South Florida
Jun 2, 2023

Swire unveils plans for two-tower Mandarin-branded Brickell Key project

One Island Drive project calls for 220-unit condo tower, adjacent condo-hotel

Pustilnikov files suit over Redondo Beach power plant sale
Development
Los Angeles
Jun 2, 2023

Pustilnikov files suit over Redondo Beach power plant sale

Ahead of bankruptcy hearing, developer alleges breach of contract by energy firm

Symmetry files for bankruptcy, evades foreclosure — for now
Development
Chicago
Jun 2, 2023

Symmetry files for bankruptcy, evades foreclosure — for now

Last-minute auction cancellation for River North property where development stalled