Join us for trd.ai at the Mana Wynwood in Miami, November 10, 2023!
Why buying a second home might be a bad idea
Dissecting NYC’s troubled property-seizure program
How Century City became “the best office market in the country”
Elliman Fair Housing Suit Picks At Agent Confusion
Talking Trends in luxury rentals with Sentral President Lisa Yeh
The phone call that shocked Leigh Marcus’ top team
Airbnbust? NYC’s short-term rental restrictions take effect
Resi brokerages tap AI to recruit top talent | TRD News
Joe’s Rendering Reviews: Texas mall rat edition
How Century City became “the best office market in the country”
Elliman Fair Housing Suit Picks At Agent Confusion
Airbnbust? NYC’s short-term rental restrictions take effect
Resi brokerages tap AI to recruit top talent | TRD News
Tech billionaires ID’d as buyers of $800M in Solano County farmland
These real estate firms lost the most on WeWork
The Case for Tampa: an interview with Mayor Jane Castor
RE industry grapples with cyberattack on Rapattoni
Celeb Athletes Dominating the U.S. Resi Market This Week
Austin Architects’ favorite buildings in the skyline
Early signs of distress hit NY’s rent-stabilized landlords
From Prison to Prosperity: The Remarkable Story of Scrap Metal King Adam Weitsman
Urban Umbrella CEO explains why scaffolding needs a new look | Coffee Talk
Marcus Lemonis on entrepreneurship, generational wealth, and more | Coffee Talk
Coffee Talk with Peerage Capital’s Miles Nadal
New York’s renaissance & the long arc of megadevelopment | Coffee Talk with Rob Speyer
How the “New Kings of New York” Took Shape | Coffee Talk
Building from Brooklyn to the Caribbean | Coffee Talk with RAL’s Robert A. Levine
Creating The Post-Covid Office | Coffee Talk With Joe Brancato
How Scott Rechler’s RXR Came Out On Top Of The Pandemic | Coffee Talk
Planning The NYC of 2050 | Coffee Talk With Jonathan Rose
When real estate crowdfunding goes very, very wrong
What defines a “Class A” building? | Paydirt
The curious case of the Flatiron Building – Paydirt
Builder’s Remedy – How a legal loophole could transform the housing market | Paydirt
The ultra-luxury global real estate market is absolutely bonkers – here’s why! | Paydirt
How are public resi brokerages doing? | Paydirt
Are agents stars or soldiers? Depends on what brokerage you ask | Paydirt
Can the single-family home become a commodity? Roofstock thinks so | Paydirt
Built differently: How materials science may change our skyline | Paydirt
Rent to own: Wall Street loves this controversial path to homeownership | Paydirt
Last Mile-High Club: Drivers of industrial real estate’s boom | Paydirt
Bianca D’Alessio on how her real estate tv series has impacted her brand, working at Nestseekers
How lobbyist Suri Kasirer has helped shape NYC real estate
What does the future of office-to-resi conversions look like in New York City?
Real estate agent reveals the inspiration behind her successful social media content
“Women are all powerful in real estate” — Nikki Field, Sotheby’s International Realty
“Million Dollar Listing” star Tyler Whitman on reality TV, resi brokerages and more
Building Class-A office South of Fifth | Inside the Thermador Green Room
As commuters come back, developers jump on transit-oriented sites | Inside the Thermador Green Room
Oren Alexander on launching a brokerage for the “truly high end” | Inside the Thermador Green Room
Santiago Arana on expanding through South Florida | Inside the Thermador Green Room
Why “Wall Street South” may be an “exaggeration” for Palm Beach | Inside the Thermador Green Room
TRD’s 2023 Golf Classic, New York!
Top resi brokers talk megateams, international buyers and NYC’s hot offerings
“It’s dangerous to say this is the end”: Scott Rechler discusses real estate’s crises at TRD forum
Coming soon to Midtown: Office-to-resi conversions
In rare appearance, Stefan Soloviev emerged as real estate celebrity at TRD’s NYC Forum
Miami’s next generation of developers | TRD’s 2022 South Florida Showcase + Forum
“Miami is the last man standing” for luxury hospitality | TRD’s 2022 South Florida Showcase + Forum
Don’t Want to Scuff Your Shoes Walking From the Clubhouse to the Private Marina? Take the Cable Car!
Inside the new Domino Sugar Refinery
Inside the Golden Beach penthouse asking $32M after years on and off the market
Inside the Biggest New Development in Washington Heights
How Queens became the king of new development opportunities
What’s the fate of the Elizabeth Street Garden?
Inside NY’s fight for more housing – The Daily Dirt
Behind the political battle to rezone Throgs Neck | Daily Dirt LIVE
Inside the drama at Compass | The Daily Dirt LIVE
All About Agent Apps | The Daily Dirt LIVE
Inflation Hits Ground Leases | The Daily Dirt LIVE
What’s at stake in the battle over 421a, good cause eviction | The Daily Dirt LIVE
Breaking down cosntruction costs | The Blueprint
How Will AI Impact Construction? | The Blueprint
How does marketing play into the development of real estate?
How to get paid? Pay it back first! | The Blueprint
From Blueprint to Building | The Blueprint
How builders secure the bag, and their teams | The Blueprint
Understanding Contracts | The Blueprint
These numbers make or break your real estate development | The Blueprint
Building Construction Terms You Must Know | The Blueprint
What You Don’t Know About Construction | The Blueprint with Eric Brody
RIP First Republic – JPMorgan buys key real estate lender
Distress descends on office market – Special Report | TRD Explains
Are we in a recession? | TRD Explains
TRD Explains: Residential Insurance
What’s a housing bubble? | TRD Explains
How Inflation Impacts Real Estate | TRD Explains
What is iBuying? | TRD Explains
Could The Infrastructure Plan Benefit Real Estate? | TRD Explains
Austin’s Biggest Development Faces a Crossroads
Fighting for Century Plaza – Building Bios
The Story Behind Austin’s Weirdest Office, Frost Bank Tower
Building Bio: The History Behind Fifth Avenue
Building Bio: The Burj Khalifa
Building Biographies: The Sears Tower
California’s Great Pyramid: The TransAmerica Building | Building Biographies
The Many Owners of the Empire State Building
Real Estate BillionairesView All
How Rick Caruso Became A Real Estate Billionaire
Jorge Perez | Real Estate Billionaires
Sam Zell | Real Estate Billionaires
Stephen Ross | Real Estate Billionaires
Jay Paul | Real Estate Billionaires
Developer Diaries with BSHView All
Unveiling Culinary Luxury: A Tour of 58 Saint Marks Place
Exclusive peek inside The Olympia, Dumbo
Discover the Perfect Blend of Luxury & Functionality at Lightstone’s New
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About those workouts: Tides late on $150M in debt
Special servicer may be less amenable than lender who gave syndicator a breakCOMMERCIALNATIONALNOV 5, 2023The Distress Record: Charles Cohen’s debt situation goes from bad to worsePlus: TA Partners was under the radar until it defaulted on $200M loanCOMMERCIALNEW YORKNOV 3, 2023Judge tosses challenge to Local Law 97Building owners contested “onerous” decarbonization law
Colliers lands Newmark’s Greg Becker to lead growth in Florida, Caribbean
Becker, an industrial specialist, is among a small pool of appraisers certified in Puerto Rico
Facing deadline on Israeli bonds, Delshah finds buyer for 55 Gansevoort
Restoration Hardware in contract to buy home of RH Guesthouse for $58M
Sunset Plaza envisions a flashing glass orb on the Sunset Strip
Firm led by Ara Tavitian plans 50-foot globe and billboard in West Hollywood
Stonelake raises $746M for industrial real estate investments
Exceeded $700M goal, plans buying spree across Sun Belt
San Francisco’s AI office footprint jumps 50%
Nascent sector takes 1M sf, poised to drive city’s long-term recovery, report finds
Squatter vacates Brentwood Airbnb after 570 rent-free days
Elizabeth Hirschhorn exits, but her lawyer warns landlord not “to assume abandonment”
LI firms settle fair housing nonprofit’s discrimination probes
Fair housing testing ensnared two brokerages, one property owner
Invesco leases first building at new industrial park in Morgan Hill
Atlanta investor worked a year to sign tenant Pinnacle Exhibits for 85K sf
Butters JV sells Plantation warehouse for $30M
Texas Triangle real estate markets best in U.S. going into 2024
Industrial sector a bright spot, with 17M sf in development pipeline
REO Asset Specialists sells West Little River apartments in Miami-Dade for $29M
Fully leased Covenant Palms trades for $208K per unit
WeWork’s NYC lease cuts include Kushner, Vanbarton buildings
MAP: Where shrinking co-working giant plans to ditch 40 leases
Partners Capital buys 153 acres in Waco
Investment fund focuses on buying undeveloped land in Southeast
Kennedy Wilson looks to push into the loan business
“We are currently one of the few active construction lenders in the US market,“ says CEO
Sherwin Asrow, co-founder of Chicago Committee on High Rise Buildings, dies
Structural engineer noted for work on McCormick Place, Willis Tower, other landmarks
Analysis: Where foreign homebuyers come from
Which nationalities buy the most homes in NYC, and in which neighborhoods
Meridian Capital under investigation by Freddie Mac
Ralph Herzka’s brokerage suspended from working on Freddie deals
WeBankrupt: Crumbling co-working firm goes bust
WeWork files for bankruptcy to rip up leases and start over
Hollywood strikes could cost Hudson Pacific Properties $100M
CEO of studio-owning REIT expects “tremendous upswing” when filming resumes
Flight-to-quality could save office sector
36% of downtown Houston’s office space constructed or renovated since 2020
Two firms named Carolwood end trademark dispute and become partners
Luxe brokerage and investor launch commercial shop and “did not expect this outcome”
“A rat’s nest of fraud and deceit”: Marc Realty sued, countersues over Oklahoma real estate deal
Chicago-based developer claims Vesta Capital filed its suit to get ahead of possible litigation
Rudin’s 32 Sixth Avenue nearly 40% vacant
Two major tenants downsized at Tribeca property and a third left last year
Donald Trump’s dramatic testimony at civil fraud trial
Former president finally takes stand, puts on a show
Hilton Grand acquiring Bluegreen Vacations in $1.5B deal
Timeshare company merger will create 200-property portfolio
Brandywine sues State of Texas for office lease termination
Follows two other landlord lawsuits with similar complaints
Signature Development ditches plan for office building in Oakland
Developer sells site for $3M because project “doesn’t make any sense” in current market
Prince Street gets approval to build life science project in Redwood City
Five-story building would cater to cell- or gene-based research tenants
Feds charge former SF building engineers with bribery in widening scandal
Cyril Yu and Rudy Pada indicted for allegedly taking benefits to expedite building permits
Lease roundup: El Bagel coming to CocoWalk, staffing firm opening at Miami Tower
Restaurant’s first outpost is in the MiMo Biscayne Boulevard Historic District
Extell sells Papaya King development site
ZD Jasper acquires Upper East Side site for $29M
Empire State Building flexes 90% occupancy, visitor spending
Tony Malkin’s crown jewel recently inked deals with LinkedIn, Starbucks
The Weekly Dirt: Are weak laws helping fuel condo fraud?
An analysis of South Florida’s top real estate news
Nudist resort in Los Gatos hits market for $32.8M
Owner decides to sell 112-acre Lupin Lodge due to declining health
Boston office building sells for $11M
City Realty Group buys 186 Lincoln Street at a steep discount
The Daily Dirt: Clock is ticking for WeWork and its landlords
TRD weighs in on WeWork’s potential bankruptcy
Rainey Street demolition denied
Austin landmark commission allowed clock to run out, forcing owner to pivot
CHA Health Systems to build medical offices at Hollywood Presbyterian
South Korean firm approved to top a parking garage with three-story complex
East End commercial properties hit the market
Sag Harbor buildings, historic Greenport building listed
Renaissance Charter School pays $38M for two Broward campus buildings
Deal involves long-term ground leases for a pair of K-8 charter schools in Plantation and Tamarac
Lendlease scraps Google building contracts worth $15B in Silicon Valley
Decision follows pause of partners’ Downtown West development in San Jose
Yoel Goldman banned from raising money in Israel for five years
GW Properties sells Oak Brook for $41 million
MetLife buys property with 100% occupancy
Trammell Crow scores 34K lease in Fulton Labs building
Illinois Institute of Technology to occupy full floor
I-sales recap: Maguire buys 49 Sheepshead Bay units for $19M
Acquires unsold condo apartments after purchasing debt on the property
Richardson office complex sells at 30% discount from seven years ago
What Donald Trump’s sons said on the stand
Eric, Donald Jr. testify in civil fraud case against Trump Organization
Torani pre-leases Prologis-built warehouse in San Leandro
Flavor company’s new 200K sf facility adds to established East Bay presence
South Florida office landlords push up asking rents in third quarter
Broward County experienced a leasing slowdown, slight vacancy uptick
T.J. Maxx vacating South Loop store
Chicago’s retail woes continue
Readystate Asset Management moves to Fulton Market, doubles office footprint
The firm, founded by Citadel veterans, is leasing 13,000 square feet from Sterling Bay
Acquest to sell or lease office tower it just bought in Houston
Former Noble Energy headquarters listed for $65M to buy, or $14 psf to rent
EOS Investors to spend $15M on upgrade of L’Ermitage Beverly Hills
Hotel renovation would include facade facelift, new rooftop bar and grill
Brookfield breaks up with Cushman & Wakefield
Brokerage loses office and logistics listings
Mogul Capital puts breaks on 400-room dual hotel in Santa Clara
Utah firm secures two-year extension on split short-term and long-term project
Adobe aims to sublease 155K sf of offices in San Francisco
At Showplace Square, three floors with a game room and “tech café” go on the market
Regent launches $500M credit platform
Aims to fill void in market amid tight lending environment
Newmark poaches another CushWake team
Dan O’Brien reunites with Harmon & Spies to help launch mid-markets group
Plano office building sells to local investor
Houston engineering firm moves HQ; Navan takes two-floor sublease in downtown Austin
EOS Investors identified as buyer for Hotel Zoe Fisherman’s Wharf
New York investor bought the 221-room hotel from Pebblebrook Hotel Trust for $68.5M
Airbnb warns “volatility” will bog down fourth quarter
Third quarter revenue topped outlook, but short-term rental firm warned of slowed travel
“Signs of slowing”: South Florida apartment rent growth cools in third quarter amid construction boom
Investment sales so far this year hit a low last seen in 2014, a report shows
Syndicator Ashcroft pauses distributions, citing rate cap pain
Firm struggling with ballooning costs of interest rate caps
Brookfield scoops up handful of data centers for $775M
Firm bets on high-demand assets, capitalizes on owner distress
New demand for big offices lifts LA market
Uptick fueled by renters seeking more than 50K sf, report finds
William Vale hotel heads for sale
All Year entity looks to tap Eastdil and A&G to sell the trophy asset
Asana snags another showroom campus in Dallas Design District
Purchase of seven buildings follows recent acquisition of the International
Disney looks to sell UWS Armory as it consolidates HQ
Media company eyeing $30M for 120-year-old property
CaraCo buys newly built Tamarac apartment complex for $73M
Developers Eden Multifamily and Cypress Equity Investments sold property for over $344K per unit
Hotel occupancy rate reaches 75%
Q3 mark highest since pandemic started
Trump family dynamics to take trial center stage
Donald Jr., Eric and Ivanka due to testify over family firm work in fraud trial
Former Phoenix Suns owner buys office complex in Richardson
Sale of 2.2M sf campus one of largest U.S. property trades this year
CrossHarbor Capital wins foreclosure auction for SF office building
Lender pays $15M after Swift Real Estate defaults on its loan
South Florida retail market holds steady in third quarter
Big Lots, Amped Fitness and Whole Foods signed the largest leases in the third quarter
H-E-B’s North Texas retail push prompts industrial boost in Temple
As office owners struggle, union janitors prepare to strike
Intense negotiations expected with contract expiring next month
Graphite Bio pays $58M for early exit from South San Francisco lease
Gene editing firm will vacate 85K sf at Healthpeak’s Nexus on Grand
Rexford Industrial signs beer-soaked deals in Irwindale worth $245M
REIT buys brewery for $125M, loans Pabst another $120M secured by adjacent land
Blackstone Mortgage Trust downgrades two Silicon Valley office loans
Firm won’t give addresses, but CEO says there’s “one in San Jose, one in Silicon Valley”
Luzzatto Company defaults on $48M loan tied to former Sweetgreen HQ
Office building in LA’s West Adams has struggled to find a tenant since mid-2022
Stroock, major real estate law firm, going out of business
Firm placed 8th in TRD ranking of New York law firms
Michaels crafts 20K sf outlet
Retailer taking Breslin Realty space from departed TJ Maxx
Pre-foreclosure filings slam rent-stabilized landlord City Skyline
Defaults top $100M on 11 buildings in Upper Manhattan, Bronx
Columbia Property Trust tees up Tribeca office-to-resi conversion
REIT eyeing $115M for 101 Franklin — 40% off 2019 price
CalPERS puts Dolby Theatre, venue of the Oscars, up for sale
Live event site on Hollywood’s Walk of Fame could fetch $70M, less than it cost to build
BP renovating Energy Corridor HQ
$20M revamp of five floors follows $8M renovation of two floors
Chicagoland warehouse vacancies stay on the rise
Increased from 4.6% to 5.2% in the third quarter
Equity Residential sells Chatsworth apartment complex for $107M
IMT buys 280-unit Summerset Village, the latest in a series of multifamily acquisitions
South Florida industrial asking rents climb in the third quarter
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Commercial Real Estate News – The Real Deal
When real estate crowdfunding goes very, very wrong
What defines a “Class A” building? | Paydirt
The curious case of the Flatiron Building – Paydirt
Builder’s Remedy – How a legal loophole could transform the housing market | Paydirt
The ultra-luxury global real estate market is absolutely bonkers – here’s why! | Paydirt
How are public resi brokerages doing? | Paydirt
Are agents stars or soldiers? Depends on what brokerage you ask | Paydirt
Can the single-family home become a commodity? Roofstock thinks so | Paydirt
Built differently: How materials science may change our skyline | Paydirt
Rent to own: Wall Street loves this controversial path to homeownership | Paydirt
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- DEVELOPMENT
- NOV 7, 2023
- Steve Cohen pulls back curtain on Queens casino plan
- Metropolitan Park would be $8B project near Citi Field
- RESIDENTIAL
- NOV 8, 2023
- Brokers talk “headline pricing”
- COMMERCIALNOV 7, 2023WeWork’s NYC lease cuts include Kushner, Vanbarton buildingsCOMMERCIALNOV 7, 2023LI firms settle fair housing nonprofit’s discrimination probes
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- CEO Michael Hershman leads Soloviev Group’s next act
- He cut his teeth as a detective and a spy. Now he’s in charge of Stefan Soloviev’s next big bet
- NOV 2, 2023
- The world according to Stefan
- What’s next for the unpredictable mogul
- NOV 2, 2023
- For ground lease co-ops, expiration could mean decimation
- As ground leases expire, owners must pony up millions or lose ownership rights
- NOV 2, 2023
- The Closing: Susan de França
- Douglas Elliman’s new dev chief on creating dreams, being Teflon, and whether New York opportunities are getting slimmer
- NOV 1, 2023
- William Vale hotel heads for sale
- All Year entity looks to tap Eastdil and A&G to sell the trophy asset
- NOV 1, 2023
- Disney looks to sell UWS Armory as it consolidates HQ
- Media company eyeing $30M for 120-year-old property
- NOV 1, 2023
- Study reveals key factor in racial homeownership gap
- People of color denied mortgages more than whites with similar finances: AG
- NOV 1, 2023
- Laboz’s United American Land is a “go” in Soho
- Developer approved by Landmarks Commission to add 100 new apartments
- NOV 1, 2023
- As office owners struggle, union janitors prepare to strike
- Intense negotiations expected with contract expiring next month
- NOV 1, 2023
- Christie’s makes new dev bid with Reuveni partnership
- Agreement adds to brokerage’s renewed New York City footprint
- NOV 1, 2023
- The Daily Dirt: City of Yes could speed Flatiron conversion
- Analysis of New York’s top real estate news
- NOV 1, 2023
- Stroock, major real estate law firm, going out of business
- Firm placed 8th in TRD ranking of New York law firms
- NOV 1, 2023
- At White Castle site, a Brooklyn real estate dream dies
- False starts, high leverage undo Art Deco project in Borough Park
- NOV 1, 2023
- Michaels crafts 20K sf outlet
- Retailer taking Breslin Realty space from departed TJ Maxx
- NOV 1, 2023
- Pre-foreclosure filings slam rent-stabilized landlord City Skyline
- Defaults top $100M on 11 buildings in Upper Manhattan, Bronx
- OCT 31, 2023
- Columbia Property Trust tees up Tribeca office-to-resi conversion
- REIT eyeing $115M for 101 Franklin — 40% off 2019 price
- OCT 31, 2023
- AG accepts pause on canceling Trump’s businesses certificates
- Enforcement of summary judgment had been halted by appeals court
- OCT 31, 2023
- Vornado likely ditching casino plan
- Steven Roth’s firm was in crowded race for downstate gaming license
- OCT 31, 2023
- NY watchdog warns of bank exposure to CRE
- Financial agency revamping lender processes after Signature Bank failure
- OCT 31, 2023
- Plaza Hotel condo sells for $66M
- Sale marks NYC’s fourth priciest in 2023 and new record for Central Park South property
- OCT 31, 2023
- Construction unions push competing wage bills
- Developers open to only measure with $40-an-hour compensation floor
- OCT 31, 2023
- Former Navy boarding house tops Brooklyn’s luxury market
- Boerum Hill townhouse, bought for $1.8M and renovated, last asked $7M
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- Magellan being undercut by residents at St. Regis looking to sell
- Kennedy Wilson looks to push into the loan business
- “Signs of slowing”: South Florida apartment rent growth cools in third quarter amid construction boom
- Ari Pearl, Jonathan Leifer launch sales of Bay Harbor Towers
- Jury finds NAR, brokerages guilty in landmark commissions suit
- Steve Ross’ Related launches sales of South Flagler House in West Palm
- Squatter vacates Brentwood Airbnb after 570 rent-free days
- Macklowe, Related partnering on waterfront North Bay Village redevelopment
- Artem Tepler, founder of development firm Schon Tepler, dies at 41
- Rudin’s 32 Sixth Avenue nearly 40% vacant
READ NOWPDFBrokers talk “headline pricing”How developers, brokers price units to drum up buzz
Meridian Capital under investigation by Freddie Mac
Ralph Herzka’s brokerage suspended from working on Freddie deals
Who’s Afraid of San Francisco Office?
Local buyer are setting a new floor for the market at prices 75% off their previous values
A closer look at WeWork’s NYC lease cuts reveals Kushner, Vanbarton buildings
MAP: Where shrinking co-working giant plans to ditch 40 leases
Facing deadline on Israeli bonds, Delshah finds buyer for 55 Gansevoort
Restoration Hardware in contract to buy home of RH Guesthouse for $58MMAGAZINESOUTH FLORIDA“Running amok”: Florida lawmakers fall short with HOA, condo lawTheft of association funds, election fraud and brazen bullying continues, residents and suits sayRESIDENTIALNEW YORKGreenpoint developers bet on condosBrooklyn neighborhood continues to emerge with new projects, more listings and rising pricesRESIDENTIALNATIONALCompass extends its cash flow-positive streakBrokerage brought in $12M more than it spent in Q3, marking second straight positive quarterDEVELOPMENTNEW YORKSteve Cohen pulls back curtain on Queens casino planMetropolitan Park would be $8B project near Citi FieldCOMMERCIALNEW YORKAnalysis: Where foreign homebuyers come fromWhich nationalities buy the most homes in NYC, and in which neighborhoods
National Association Of Realtors
Here’s how the Sitzer verdict could hit NYC resi commissions
Rising scrutiny on compensation arrangements could reshape payments everywhereNATIONALNOV 3, 2023Meet the lawyer who crushed the brokerage industryWell known in Missouri, Michael Ketchmark is relatively unknown by real estateNATIONALNOV 2, 2023Bob Goldberg out as NAR CEOFormer Chicago Sun-Times CEO Nykia Wright appointed to serve in the interim
Brokerage heads react to NAR’s guilty verdict
Some execs mum, others defend buyer’s agents after plaintiff’s Sitzer/Burnett victoryNATIONALOCT 31, 2023More brokerages sued after $1.8B award in commissions caseNew class action targets Compass, Elliman, Redfin and othersNATIONALOCT 31, 2023Jury finds NAR, brokerages guilty in landmark commissions suitKeller Williams, HomeServices of America also ordered to pay $1.78B in damages
New York
Steve Cohen pulls back curtain on Queens casino plan
Metropolitan Park would be $8B project near Citi FieldNEW YORKNOV 8, 2023Brokers talk “headline pricing”How developers, brokers price units to drum up buzzNEW YORKNOV 7, 2023WeWork’s NYC lease cuts include Kushner, Vanbarton buildingsMAP: Where shrinking co-working giant plans to ditch 40 leases
LI firms settle fair housing nonprofit’s discrimination probes
Fair housing testing ensnared two brokerages, one property ownerNEW YORKNOV 8, 2023The Daily Dirt: WeWork’s next chapter Analysis of New York real estate newsNEW YORKNOV 7, 2023Here’s how the Sitzer verdict could hit NYC resi commissions Rising scrutiny on compensation arrangements could reshape payments everywhere
South Florida
Too hot to handle? Miami-Dade puts employer mandate protecting construction workers from heat on hold
County commissioners voted Tuesday to defer action until March on proposed rules to protect outdoor workers at farms and construction sites from hot weather hazardsSOUTH FLORIDANOV 7, 2023Ari Pearl, Jonathan Leifer launch sales of Bay Harbor Towers Fortune will handle marketing of the eight-story, 44-unit waterfront projectSOUTH FLORIDANOV 7, 2023Isaac Kodsi to relaunch sales of stalled Coconut Grove condo development He acquired Arbor Residences out of foreclosure, plans to launch sales of 45-unit project in three weeks
Pascal Nicolai sells Highland Beach oceanfront spec mansion for $30M
Home spans 9,000 sf, with seven bedrooms, 12 bathrooms, 100 ft of beachfrontSOUTH FLORIDANOV 8, 2023Colliers lands Newmark’s Greg Becker to lead growth in Florida, CaribbeanBecker, an industrial specialist, is among a small pool of appraisers certified in Puerto RicoSOUTH FLORIDANOV 7, 2023Butters JV sells Plantation warehouse for $30MEntity managed by Hallandale pharmacy owner David Rabbani acquired Sunrise Logistics Center for $290 psf
Los Angeles
Kennedy Wilson looks to push into the loan business
“We are currently one of the few active construction lenders in the US market,“ says CEOLOS ANGELESNOV 7, 2023Squatter vacates Brentwood Airbnb after 570 rent-free daysElizabeth Hirschhorn exits, but her lawyer warns landlord not “to assume abandonment”LOS ANGELESNOV 7, 2023Sunset Plaza envisions a flashing glass orb on the Sunset StripFirm led by Ara Tavitian plans 50-foot globe and billboard in West Hollywood
Attorney Robert Lieff lists his Montecito estate for $33M
3.4-acre compound includes an 11K sf mansion and four-story guesthouse towerLOS ANGELESNOV 6, 2023Almost half the houses in SoCal seek $1M or moreIn four-county region, 16% of single-family homes list for $3M or moreLOS ANGELESNOV 6, 2023Hollywood strikes could cost Hudson Pacific Properties $100M CEO of studio-owning REIT expects “tremendous upswing” when filming resumes
San Francisco
San Francisco’s AI office footprint jumps 50%
Nascent sector takes 1M sf, poised to drive city’s long-term recovery, report findsSAN FRANCISCONOV 7, 2023Invesco leases first building at new industrial park in Morgan HillAtlanta investor worked a year to sign tenant Pinnacle Exhibits for 85K sfSAN FRANCISCONOV 7, 2023Dublin home values surpass San Francisco’sIn the East Bay, the fastest-growing city in the state has a median house price of $1.29M
Stanford Health and Sutter Health to build 170K sf cancer center in Oakland
Joint venture to construct “one-stop-shop” at Alta Bates Summit Medical CenterSAN FRANCISCONOV 6, 2023Signature Development ditches plan for office building in OaklandDeveloper sells site for $3M because project “doesn’t make any sense” in current marketSAN FRANCISCONOV 6, 2023Prince Street gets approval to build life science project in Redwood CityFive-story building would cater to cell- or gene-based research tenants
Chicago
Magellan being undercut by residents at St. Regis looking to sell
Developer competing with its former buyers as it looks to move inventory in luxe condo towerCHICAGONOV 7, 2023City Council sends property transfer-tax hike to ballot Voters to decide in March whether to slap increase on commercial, resi dealsCHICAGONOV 7, 2023Chicago zoning czar and key Johnson ally resignsAnnouncement comes after AldermanCarlos Ramirez-Rosa tried to physically stop fellow alderman from joining council meeting
“A rat’s nest of fraud and deceit”: Marc Realty sued, countersues over Oklahoma real estate deal
Chicago-based developer claims Vesta Capital filed its suit to get ahead of possible litigationCHICAGONOV 7, 2023Downtown Aurora apartment still in works despite delaysDAC, Windfall expected to deliver 445 units with $7M in city incentivesCHICAGONOV 7, 2023Sherwin Asrow, co-founder of Chicago Committee on High Rise Buildings, diesStructural engineer noted for work on McCormick Place, Willis Tower, other landmarks
Texas
Real estate wins big at Texas ballot box
Voters approved high-profile priorities, including property taxes and water accessHOUSTONNOV 8, 2023Houston mayoral race headed to run-offJohn Whitmire and Sheila Jackson Lee will go head-to-head on Dec. 9TEXASNOV 7, 2023Texas Triangle real estate markets best in U.S. going into 2024Industrial sector a bright spot, with 17M sf in development pipeline
Partners Capital buys 153 acres in Waco
Investment fund focuses on buying undeveloped land in SoutheastAUSTINNOV 7, 2023Kalantari developing speculative office campus in Southwest AustinWants single tech company to fill 45K sf projectTEXASNOV 7, 2023Stonelake raises $746M for industrial real estate investmentsExceeded $700M goal, plans buying spree across Sun Belt
Residential
Pascal Nicolai sells Highland Beach oceanfront spec mansion for $30M
Home spans 9,000 sf, with seven bedrooms, 12 bathrooms, 100 ft of beachfrontCHICAGONOV 7, 2023Magellan being undercut by residents at St. Regis looking to sellDeveloper competing with its former buyers as it looks to move inventory in luxe condo towerSOUTH FLORIDANOV 7, 2023Isaac Kodsi to relaunch sales of stalled Coconut Grove condo development He acquired Arbor Residences out of foreclosure, plans to launch sales of 45-unit project in three weeks
Downtown Aurora apartment still in works despite delays
DAC, Windfall expected to deliver 445 units with $7M in city incentivesNEW YORKNOV 7, 2023Here’s how the Sitzer verdict could hit NYC resi commissions Rising scrutiny on compensation arrangements could reshape payments everywhereSAN FRANCISCONOV 7, 2023Dublin home values surpass San Francisco’sIn the East Bay, the fastest-growing city in the state has a median house price of $1.29M
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Commercial
Colliers lands Newmark’s Greg Becker to lead growth in Florida, Caribbean
Becker, an industrial specialist, is among a small pool of appraisers certified in Puerto RicoLOS ANGELESNOV 7, 2023Sunset Plaza envisions a flashing glass orb on the Sunset StripFirm led by Ara Tavitian plans 50-foot globe and billboard in West HollywoodTEXASNOV 7, 2023Stonelake raises $746M for industrial real estate investmentsExceeded $700M goal, plans buying spree across Sun Belt
San Francisco’s AI office footprint jumps 50%
Nascent sector takes 1M sf, poised to drive city’s long-term recovery, report findsLOS ANGELESNOV 7, 2023Squatter vacates Brentwood Airbnb after 570 rent-free daysElizabeth Hirschhorn exits, but her lawyer warns landlord not “to assume abandonment”TRI-STATENOV 7, 2023LI firms settle fair housing nonprofit’s discrimination probesFair housing testing ensnared two brokerages, one property owner
Development
The Daily Dirt: WeWork’s next chapter
Analysis of New York real estate newsAUSTINNOV 7, 2023Kalantari developing speculative office campus in Southwest AustinWants single tech company to fill 45K sf projectTEXASNOV 7, 2023Blackburn puts $137M into developing Georgetown rental communities470 planned homes in built-to-rent, multifamily communities
The Daily Dirt: Sizing up the City Council races
Analysis of New York real estate news looks at campaigns backed by construction unionsAUSTINNOV 6, 2023Austin eliminates minimum parking requirements for new developmentsIs largest city to end requirements in face of affordable housing crisisSOUTH FLORIDANOV 6, 2023Macklowe, Related partnering on waterfront North Bay Village redevelopmentMacklowe affiliate acquired Biscayne Sea Club co-op and is acquiring units at adjacent condo building
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