May 13, 2024
The Real Deal: New York Real Estate News, Robert Khodadadian

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Top storiesLatest stories

  1. Magellan being undercut by residents at St. Regis looking to sell
  2. Kennedy Wilson looks to push into the loan business
  3. “Signs of slowing”: South Florida apartment rent growth cools in third quarter amid construction boom
  4. Ari Pearl, Jonathan Leifer launch sales of Bay Harbor Towers 
  5. Jury finds NAR, brokerages guilty in landmark commissions suit
  6. Steve Ross’ Related launches sales of South Flagler House in West Palm
  7. Squatter vacates Brentwood Airbnb after 570 rent-free days
  8. Macklowe, Related partnering on waterfront North Bay Village redevelopment
  9. Artem Tepler, founder of development firm Schon Tepler, dies at 41
  10. Rudin’s 32 Sixth Avenue nearly 40% vacant

INSIDE THE ISSUE

The Real Deal: New York Real Estate News, Robert Khodadadian

READ NOWPDFBrokers talk “headline pricing”How developers, brokers price units to drum up buzz

COMMERCIAL

NEW YORK

Meridian Capital under investigation by Freddie Mac

Ralph Herzka’s brokerage suspended from working on Freddie deals

MAGAZINE

SAN FRANCISCO

Who’s Afraid of San Francisco Office?

Local buyer are setting a new floor for the market at prices 75% off their previous values

COMMERCIAL

NEW YORK

A closer look at WeWork’s NYC lease cuts reveals Kushner, Vanbarton buildings

MAP: Where shrinking co-working giant plans to ditch 40 leases

The Real Deal: New York Real Estate News, Robert Khodadadian

COMMERCIAL

NEW YORK

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

ALL MARKETS

The Real Deal: New York Real Estate News, Robert Khodadadian

NEW YORK

NOV 7, 2023

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

The Real Deal: New York Real Estate News, Robert Khodadadian

NATIONAL

NOV 2, 2023

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

The Real Deal: New York Real Estate News, Robert Khodadadian

NEW YORK

NOV 7, 2023

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

The Real Deal: New York Real Estate News, Robert Khodadadian

TRI-STATE

NOV 7, 2023

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

The Real Deal: New York Real Estate News, Robert Khodadadian

SOUTH FLORIDA

NOV 7, 2023

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

The Real Deal: New York Real Estate News, Robert Khodadadian

SOUTH FLORIDA

NOV 7, 2023

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

The Real Deal: New York Real Estate News, Robert Khodadadian

LOS ANGELES

NOV 7, 2023

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

The Real Deal: New York Real Estate News, Robert Khodadadian

LOS ANGELES

NOV 7, 2023

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

The Real Deal: New York Real Estate News, Robert Khodadadian

SAN FRANCISCO

NOV 7, 2023

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

The Real Deal: New York Real Estate News, Robert Khodadadian

SAN FRANCISCO

NOV 7, 2023

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

The Real Deal: New York Real Estate News, Robert Khodadadian

CHICAGO

NOV 7, 2023

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

The Real Deal: New York Real Estate News, Robert Khodadadian

CHICAGO

NOV 6, 2023

“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

The Real Deal: New York Real Estate News, Robert Khodadadian

TEXAS

NOV 8, 2023

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

The Real Deal: New York Real Estate News, Robert Khodadadian

TEXAS

NOV 7, 2023

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

ALL MARKETS

The Real Deal: New York Real Estate News, Robert Khodadadian

SOUTH FLORIDA

NOV 7, 2023

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

The Real Deal: New York Real Estate News, Robert Khodadadian

CHICAGO

NOV 7, 2023

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

The Miami Experience

The Real Deal: New York Real Estate News, Robert Khodadadian

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Miami Shores Country Club

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South Florida Real Estate Forum

Mana Wynwood

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The Real Deal’s Isabella Farr and Suzannah Cavanaugh break down the newest, biggest trends and concepts in real estate.


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ALL MARKETS

The Real Deal: New York Real Estate News, Robert Khodadadian

SOUTH FLORIDA

NOV 8, 2023

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

The Real Deal: New York Real Estate News, Robert Khodadadian

SAN FRANCISCO

NOV 7, 2023

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

ALL MARKETS

The Real Deal: New York Real Estate News, Robert Khodadadian

NEW YORK

NOV 8, 2023

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 Real Deal: New York Real Estate News, Robert Khodadadian

NEW YORK

NOV 7, 2023

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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The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian
The Real Deal: New York Real Estate News, Robert Khodadadian

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