Incoming Freddie Mac CEO Kenny Smith and FHFA director Bill Pulte

National

Commercial

Freddie Mac finds its next CEO

Sonder interim CEO Janice Sears and 9 West 26th Stree

Sonder’s 190 leasehold interests up for sale

Residential Real Estate’s Top Stories of 2025

Residential

These were residential real estate’s top stories of 2025

Gencom’s Karim Alibhai, Highgate co-founder Mahmood Khimji and Argent Ventures' Andrew Penson with the InterContinental New York Times Square; Cain International's Jonathan Goldstein with the Edition Clocktower Hotel at 5 Madison Avenue

Nine-figure deals power luxury hotel market to strong 2025 finish

Service Properties Trust CEO Christopher Bilotto

Boston

Service Properties Trust unloads 66 hotels for $534M as debt pressure mounts

Zeckendorf Development’s William Lie and Arthur W Zeckendorf and Atlas Capital Group’s Andrew Cohen and Jeffrey Goldberger with 80 Clarkson

The bet on ultra-luxury paying off at 80 Clarkson

Denver

I see dead people: Trump admin probes Colorado housing providers over assistance fraud

Commerce Secretary Howard Lutnick and Sen. Elizabeth Warren

Lutnick ethics probe: Democrats push review of data center ties

Nashville

Nashville’s office glut fuels hotel conversion wave

Leo Jacobs; Josh Flagg; Paramount Group's Albert Behler and 60 Wall Street and Tessler Development’s Yitzchak Tessler with 172 Madison Avenue

These were The Real Deal staff’s favorite stories of 2025

KB Home CEO Jeffrey Mezger with Costco CEO Ron Vachris and 22011 Southeast 51st Street

Seattle

KB Home buys former Seattle-area Costco offices with eyes for resi redevelopment 

Compass CEO Robert Reffkin, Senator Elizabeth Warren of Massachusetts, Senator Ron Wyden of Oregon and Anywhere Real Estate CEO Ryan Schneider

Senators urge antitrust scrutiny of Compass-Anywhere $1.6B Deal

NYRAC co-founder swaps Compass for Elliman

Leon Capital’s Fernando de Leon sounds alarm on data center frenzy

Sonder U.S. Leasehold Interests for Sale by Market

Which markets are most affected by Sonder’s liquidation sale?

“Barbaric”: Brian Walshe sentenced to life in prison

Alex Karp with the St. Benedict’s Monastery in Snowmass, Colorado

Palantir CEO Alex Karp sets record with $120M monastery purchase

Stephanie Garbarini and Michael Liebowitz; arrows

Douglas Elliman CMO Stephanie Garbarini exits brokerage

Sun Belt rental vacancy rates climb

Charlotte

Charlotte moves to rezone 385 acres near airport for industrial use 

Bain Capital Real Estate head Ryan Cotton and 11North Partners founder Brian Harper with 12500 West Sunrise Boulevard in Sunrise, FL

Bain, 11North raise $1.6B for grocery-anchored retail deals

Toll Brothers Chairman and CEO Douglas Yearley Jr. and Kennedy Wilson Chairman and CEO William McMorrow with the Kinetic apt. Tower at 1025 Spring Street in Atlanta