Vornado’s Steven Roth on potential Mamdani victory: “We have not seen any pullback or hesitancy”
REIT’s office leasing on track for second-best year on record
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New York
Creditors seek at least $400M from Mark Nussbaum’s former law firms
More details surface about embattled lawyer’s alternative to bankruptcy
Commercial
Chicago
Chicago multifamily foreclosures pile up for Mark Nussbaum and Eli Tauber
Legal filings show how a group of apartment buildings with a total of $24M in distressed mortgage debt on the South and West sides became ensnared in an ever-expanding web of suspect transactions
Commercial
New York
Toby Moskovits and Michael Lichtenstein charged with PPP fraud
Former partners fraudulently tried to obtain $5M in loans: prosecutors
Magazine
Chicago
Jim Letchinger gears up for his largest project yet
Can the turnaround of troubled Lincoln Yards also grease Chicago’s stalled megaproject motor?
Residential
National
Compass loses $4.6M, issues bullish forecast for Anywhere deal
Robert Reffkin raises projections for mega-merger in 2026
Magazine
New York
As Moshe Silber’s real estate empire crumbles, bondholders search for their $200M
Small banks and life insurance firms bought private debt unsecured by the landlord's properties
Politics
Texas
Sands Casino bets big on Texas state senate race
GOP rivals clash over gambling expansion as Dallas Mavericks owners spend on local elections in push for legalization in Texas
Brand Studio
Inside the World of No-Limit Luxury: Andrea D’Alessio and The Inspirata Group Builds the Impossible for Billionaires
Archive
National
Welcome to Lakewood, NJ, home to a widening commercial mortgage fraud probe
TRD finds faith, family, a booming real estate business — and concerns about where it all leads
NYC to get a new mayor
Here are the results from NYC’s mayoral race, ballot questions
Vornado’s Steven Roth on potential Mamdani victory: “We have not seen any pullback or hesitancy”
REIT’s office leasing on track for second-best year on record
Olympia Dumbo scored third $5M+ contract of October
Brooklyn luxury contracts notched pricey, active October
After refusing to take a position, Mamdani supports controversial housing ballot measures
Democratic nominee cited urgency to address city’s housing crisis
Irgang, Pramukh score financing for 180-unit Harlem dev
Dwight Mortgage Trust originates $70M loan
Feil’s Midtown South office hits special servicing
Owner failed to pay off mortgage at 261 Fifth Avenue when it came due
South Florida’s foreign buyer mix shifts, as Canadian demand falls
Miami metro still top destination for international investors
13th Floor, Key International launch Nobu-branded Brickell condo project
74-story, 300-unit tower announcement follows local fight over historic dev site
Eichner’s Continuum pays $49M for waterfront North Miami site
Firm plans condo tower on the Mariners Bay property
Raoul Thomas’ embattled CGI Merchant sells co-working portfolio for $31M
Paul and Susan Burrell’s TMT Properties buys buildings in Palm Beach and Martin counties
South Florida grocery-anchored shopping center trades for $61M
Main tenants at Royal Eagle Plaza include Aldi, Hobby Lobby and Petco
Turkish developer loses North Miami Beach apartment tower dev site to lender
Bankruptcy court awarded Safe Harbor Equity the property approved for 354-unit project
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ICE agents raided this Chicago apartment building. Meanwhile, a real estate battle raged in court
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A $63B megaproject was meant to showcase Saudi Arabia's future. Now, top execs are under arrest.
GFP's Jeff Gural speaks at The Real Deal's Salon Series
These states are the most housing-rich in the USA
Lincoln drops $70M on Manhattan Beach office for resi redev
Seller Continental Development Corporation issued $45M financing
Agents in LA embrace new roles as fire rebuild picks up
Glimpses from nine months in LA’s burn zones
The Closing: Corinne Verdery
CEO of Los Angeles-based Caruso on reopening Palisades Village, avoiding the boys’ club and running the company after its founder returned from a campaign
Focus on TRD Data: Betty White’s old home tops charts in Brentwood with Ares link
Trust picked up 506 North Carmelina Avenue for $31M, psf tops financier Robert Beyer’s deal
Irvine office park in line for resi conversion
Cityview plans 422-unit residences at 112K sf site
Developer goes tall and skinny on Rodeo Drive after Beverly Hills’ builder’s remedy defeat
Max Netty’s 19-story plan greenlighted after lawsuit threat, Pustilnikov win
Zillow comes after Chicago-area MLS in private listing battle
Zillow warns MRED that Private Listing Network violates new standards
Chicago multifamily foreclosures pile up for Mark Nussbaum and Eli Tauber
Legal filings show how a group of apartment buildings with a total of $24M in distressed mortgage debt on the South and West sides became ensnared in an ever-expanding web of suspect transactions
Jim Letchinger gears up for his largest project yet
Can the turnaround of troubled Lincoln Yards also grease Chicago’s stalled megaproject motor?
How a multifamily investment ended in neglect, foreclosure and an ICE raid
Behind the downfall 7500 South South Shore Drive, a cautionary tale for landlords and tenants
Oregon firm bets on Chicago office rebound while scooping up $52M bargain
Menashe Properties bought 125 South Wacker two years after leasing up another Loop building
Kanye West’s overdue tax bill for childhood home speaks to greater real estate portfolio problems
Rapper known as Ye bought South Shore home in 2018
Prologis’ $316M SF portfolio purchase is most-expensive industrial deal this year
Bought 11 buildings in Brisbane’s Crocker Industrial Park
OpenAI looks beyond SF, aims to grab up to 500K sf in Silicon Valley
ChatGPT giant eyeing Mountain View after SF Mission Bay expansion
Builder’s remedy looms over SF zoning plan
YIMBYs threaten lawsuits against city to force increased housing development
Kilroy adds another biotech tenant to 865K Oyster Point in South SF
Firm on track to surpass 100K sf annual leasing goal
The unromantic truth about homeowner ‘love letters’ and their possible legal landmine
Why brokers and agents are advised to avoid personal correspondence from buyers to sellers
Namdar drops $70M cash for East Bay mall
Brookfield sold Heyward property to Great Neck, New York-based bargain buyer
Austin
One street in Austin had $10M in home sales last week
Westlake Hills home with waterfront and cave went under contract in just 16 days; another home sold after $775K price cut
Sands Casino bets big on Texas state senate race
GOP rivals clash over gambling expansion as Dallas Mavericks owners spend on local elections in push for legalization in Texas
Dallas landlord Harwood quietly offloads 1M SF of Uptown office to TPG
Developer’s namesake district has been crumbling since facing first of three recent foreclosures in January
CRE debt headed to auction tops $580M in Texas
Biggest delinquent loans mostly backed by multifamily across metros
Dallas
Dallas design giant expands East Coast reach with Cooper Robertson buy
Corgan acquired New York-based firm behind Battery Park, Hudson Yards master plans
Houston
Transwestern starts Auberge condo-hotel tower at $1B-plus Upper Kirby megaproject
Second phase of The RO to bring apartments, retail to River Oaks area
Compass claims Zillow’s listing policy “successfully quashed competition”
Brokerage asks court to block
Real estate faces high stakes in NYC mayoral showdown
Plus, a multimillion-dollar mortgage fraud case, a Fed rate cut, criminal tenant harassment and more national real estate news this week
Arbor Realty Trust stock tumbles amid income drop
Lender’s stock fell over 13% in the third quarter
Fed serves second rate cut after hikes, backs off previous forecast
Powell dangles uncertainty over future cuts
Phoenix
Lincoln Property’s $130M Phoenix-area buy is value-add for data centers
Bought underutilized facility in Chandler in line with national strategy
Washington D.C.
Amazon drops historic sum on Virginia data center site
Stanley Martin flips rezoned Devlin Tech Park for $700M
George Lucas gives London luxury market a new hope
Star Wars creator buys home in trendy neighborhood for $52M
Hong Kong
Hong Kong developer turns focus to Japan with $45M hotel sale
Man Wah picks up 98-key Bauhinia property in tourist-heavy Tsim Sha Tsui
AECOM sets office record for upstart Hong Kong district with 120K sf lease
Dallas firm’s Asia HQ to join Ralph Lauren, Lush at 1.1M sf tower
Blackstone, Saudi AI firm ink $3B data center pact
Deal marks major AI infrastructure bet in the Gulf
Singapore plans 49-acre data center complex in green energy push
Facility in manufacturing and energy hub to increase local supply by 50%
Gold Coast topples Sydney as Australia’s priciest apartment market
$627K per-unit price fetches investors, buyers in coastal Queensland city
New York
Real estate pours $24M into NYC election PACs
Affordable New York took in most funds from industry via Airbnb
National
Office sector’s growth leads CRE’s pricing recovery
Multifamily struggled with price drop in September
Los Angeles
Focus on TRD Data: Brentwood's top home sales
National
Fed rate cut offers no relief to REITs
Mortgage firms outperforming equity companies so far this year
National
U.S. home prices edge down in August
Chicago marks lone city with rising prices month over month
South Florida
South Florida home sale profits are shrinking, but margins remain high
Seller gains fell the most in Palm Beach County in the third quarter, year-over-year
San Francisco
The unromantic truth about homeowner ‘love letters’ and their possible legal landmine
Why brokers and agents are advised to avoid personal correspondence from buyers to sellers
Chicago
Kanye West’s overdue tax bill for childhood home speaks to greater real estate portfolio problems
Rapper known as Ye bought South Shore home in 2018
South Florida
13th Floor, Key International launch Nobu-branded Brickell condo project
74-story, 300-unit tower announcement follows local fight over historic dev site
Los Angeles
Developer goes tall and skinny on Rodeo Drive after Beverly Hills’ builder’s remedy defeat
Max Netty’s 19-story plan greenlighted after lawsuit threat, Pustilnikov win
South Florida
Eichner’s Continuum pays $49M for waterfront North Miami site
Firm plans condo tower on the Mariners Bay property
Chicago
GoHealth cofounder sells Lincoln Park mansion for under $5M after price cuts
Brandon and Catherine Cruz traded up to late McDonald’s chairman Andrew McKenna’s Winnetka estate
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The Real Deal’s Joe Lovinger and Suzannah Cavanaugh break down the newest, biggest trends and concepts in real estate.
Phoenix
Lincoln Property’s $130M Phoenix-area buy is value-add for data centers
Bought underutilized facility in Chandler in line with national strategy
Chicago
Oregon firm bets on Chicago office rebound while scooping up $52M bargain
Menashe Properties bought 125 South Wacker two years after leasing up another Loop building
Los Angeles
Irvine office park in line for resi conversion
Cityview plans 422-unit residences at 112K sf site
San Francisco
Namdar drops $70M cash for East Bay mall
Brookfield sold Heyward property to Great Neck, New York-based bargain buyer
South Florida
Raoul Thomas’ embattled CGI Merchant sells co-working portfolio for $31M
Paul and Susan Burrell’s TMT Properties buys buildings in Palm Beach and Martin counties
South Florida
South Florida grocery-anchored shopping center trades for $61M
Main tenants at Royal Eagle Plaza include Aldi, Hobby Lobby and Petco
Houston
Transwestern starts Auberge condo-hotel tower at $1B-plus Upper Kirby megaproject
Second phase of The RO to bring apartments, retail to River Oaks area
Los Angeles
Lincoln drops $70M on Manhattan Beach office for resi redev
Seller Continental Development Corporation issued $45M financing
New York
Irgang, Pramukh score financing for 180-unit Harlem dev
Dwight Mortgage Trust originates $70M loan
South Florida
13th Floor, Key International launch Nobu-branded Brickell condo project
74-story, 300-unit tower announcement follows local fight over historic dev site
Los Angeles
Developer goes tall and skinny on Rodeo Drive after Beverly Hills’ builder’s remedy defeat
Max Netty’s 19-story plan greenlighted after lawsuit threat, Pustilnikov win
Austin
SonWest’s $1B-plus surf park community clears key hurdle southeast of Austin
Mustang Ridge approved 211-acre project as developers eye 2026 construction