“It is a reckoning”: NYC luxury brokers on staying at the top
TRD panel reveal how market challenges push tough conversations with developers, clients
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Commercial
Fort Worth
Pinnacle Bank buys back Fort Worth office tower for $12 per sf
Opal Holdings defaulted on $13M loan tied to 40-story Burnett Plaza
Magazine
Chicago
Ranking: Chicago’s top construction firms adapt to low volume
City’s top five contractors booked less than $932 million of work, down from $2 billion earned last year
Politics
New York
Will developers try to game 485x to avoid wage, affordability rules?
Panel talks housing construction after state budget at TRD Forum
Commercial
National
“Multifamily is in the crosshairs”: Execs talk distress, opportunities at Milken conference
Starwood’s Barry Sternlicht, Blackstone’s RE head among panelists at LA conference
Commercial
New York
The WeWork deal: What was Yardi thinking?
Software company to become owner of WeWork, but maybe not for long
Residential
Houston
Houston resi market finally blooms, luxury sales see 34% uptick
Inventory reached pre-pandemic levels in April, as average home price neared summer 2022 record
Lifestyle
New York
Masters of arts: A look at NYC real estate’s top cultural patrons
From the Met to the Whitney, property moguls pack the city’s most prominent museum boards
Commercial
Dallas
Why Foxtrot’s closure is a win for Dallas’ premium retailers
Chicago-based luxury grocery had outposts in Dallas’ hottest neighborhoods, where retail demand is through the roof
May 9, 2024
“You don’t know what the f-ck you are getting”: The new leasing paradigm
At TRD’s Real Estate Forum, Jed Walentas says demand from smaller tenants is rising
Tri-State
May 9, 2024
Drew Barrymore is selling her Hamptons farmhouse
Actress, talk show host lists Sagaponack estate for $8.5M
May 9, 2024
Grubb goes for golden debut in LIC with $215M loan
Kennedy Wilson, Related provide construction financing
May 8, 2024
Will developers try to game 485x to avoid wage, affordability rules?
Panel talks housing construction after state budget at TRD Forum
May 9, 2024
Conde Nast subleases 48K sf in 1 WTC retreat
Kroll picks up new headquarters space from publisher at Durst property
May 9, 2024
The Daily Dirt: Who's afraid of good cause eviction?
Developers at TRD forum say they can live with it
May 9, 2024
Henry Pino’s Alta buying South Miami hotel, plans short-term rental condo
Purchase price is between $17M and $19M
May 9, 2024
Grant Cardone jumps back into reality TV
Multifamily mogul stars in “The Real Estate King,” set to air later this month on A&E’s FYI Network
May 9, 2024
Related, Macklowe buy more units at North Bay Village condo deemed unsafe
It’s part of a larger waterfront assemblage they plan to develop into a phased luxury resi project
May 9, 2024
Kayak Miami Beach hotel sale results in loss for Varde
Property sold for $13M, one month after investment firm acquired it from previous owner seeking to avoid foreclosure
May 9, 2024
Palm Beach County condo sales dollar volume jumps in April to $489M
Number of closings rose to 838 from 682 in March
May 8, 2024
Patrinos Painting boss sells oceanfront Gulf Stream house for $21M, priciest of the year
5,800 sf house has library, pool, 100 ft of waterfront
May 8, 2024
Neil Shekhter’s WS Communities looks to sell a third of its LA apartments
Firm hires JLL to market 399-unit Santa Monica portfolio
May 8, 2024
Oceanwide puts graffiti-covered towers up for sale in DTLA
Chinese developer owes creditors $400M, lists abandoned highrises for undisclosed price
May 8, 2024
Cypress Equity eyes 288-unit apartment complex in Santa Monica
Eight-story buildings would replace former Honda dealership on Santa Monica Boulevard
May 8, 2024
AvalonBay and Abode hit funding shortfall for West LA Civic Center
Development agreement expires for retail village while waiting for market to improve
May 9, 2024
Weingart Center pays $27M for Cheviot Hills assisted living facility
LA housing nonprofit taps Project Homekey funds to convert site into a homeless shelter
May 9, 2024
Couple sues LA for right to demolish Marilyn Monroe’s former home
Owners claim nothing remains from days when movie star lived and died on site in 1962
May 8, 2024
Goldman Sachs and Ballast ready to surrender SF apartments to lender
Joint venture defaults on $688M in loans tied to 82 multifamily properties
May 8, 2024
Hines-led group blows deadline for hotel-condo-office tower in SF
F4 Transbay Partners misses first payment of $40M penalty for Parcel F project delays
May 8, 2024
Travelers Insurance to raise homeowner premiums across California
Typical rates will jump 15% to pay for higher wildfire risk and construction costs
May 7, 2024
DRA Advisors group pays $133M for four East Bay commercial buildings
Blackstone sells second batch of Bay Area properties from PS Business Parks acquisition
May 9, 2024
Google to vacate 300K sf office on San Francisco waterfront
Search giant will leave One Market Plaza by next year, shift workers to Spear Street site
May 9, 2024
Inside the $20M-plus home market in the nation’s priciest zip code
Atherton has location, cache and acre-sized lots for Silicon Valley’s affluent
May 8, 2024
Chicago office landlords avoid foreclosure with Truist debt sale
Original lender Truist sold the debt to a company that's already foreclosing on Feil Organization's River North loft offices
May 9, 2024
MetLife looks to offload mostly vacant Loop office building
Likely to join trend of properties selling for far less than last trade
May 8, 2024
Knighthead sues Chicago landlords over migrant shelter building use
Lender alleges “residential” use was not permitted by loan agreement
May 8, 2024
@properties' client first in Chicago to cut out buyer commission
Seller testing the waters amid NAR settlement
May 9, 2024
Northbrook country club sells for $80M to DuPage Water Commission
Former Colliers Chicago CEO David Kahnweiler netted massive profit on shuttered Green Acres Country Club, which his venture bought for under $10M eight years ago
May 8, 2024
Advocacy group looks to blitz Bears’ stadium proposal
Friends the Parks set to take legal action to preserve lakefront for public use
Fort Worth
May 9, 2024
Pinnacle Bank buys back Fort Worth office tower for $12 per sf
Opal Holdings defaulted on $13M loan tied to 40-story Burnett Plaza
Austin
May 8, 2024
Texas retailers gobble up space left behind by by bankruptcies
Bed, Bath and Beyond, Foxtrot float opportunities in their wake, with Austin vacancy below 3% for a year straight
Houston
May 9, 2024
Houston resi market finally blooms, luxury sales see 34% uptick
Inventory reached pre-pandemic levels in April, as average home price neared summer 2022 record
Austin
May 8, 2024
Karlin supersizes stalled North Austin mixed-use project
Plans 1M sf of development near pro soccer stadium, where big players are active
Houston
May 8, 2024
Construction to resume for X Company resi tower in Museum District
Work on co-living development paused for unknown reasons last fall
Austin
May 8, 2024
Winstead leases 40k SF, another win for Horizon Bank Building
Year-old building has attracted relocations amid troubled office market in Austin’s CBD
May 6, 2024
Arbor modifies $1.9B in loans as delinquencies keep rising
Lender’s non-performing loans up 70% from December
May 6, 2024
Feared a retail killer, e-commerce is boosting brick-and-mortars
Expanded operations are a boon to physical locations
May 4, 2024
Zillow’s buyer agreements split brokers
Tech giant proposed short-term, non-exclusive pacts to satisfy new NAR rules
May 4, 2024
Airbnb floats novelty listings with ‘Icons’ category
House from Pixar’s “Up,” Ferrari Museum among unique offerings
Boston
May 9, 2024
Cambridge explores ending single-family-only zoning
City Council considering various ways to add housing
Seattle
May 9, 2024
Amazon.com could lead nation out of warehouse doldrums
E-commerce behemoth’s US facilities are projected to grow 43M sf this year
Los Angeles
May 9, 2024
Weingart Center pays $27M for Cheviot Hills assisted living facility
LA housing nonprofit taps Project Homekey funds to convert site into a homeless shelter
Tri-State
May 9, 2024
Drew Barrymore is selling her Hamptons farmhouse
Actress, talk show host lists Sagaponack estate for $8.5M
Los Angeles
May 9, 2024
Couple sues LA for right to demolish Marilyn Monroe’s former home
Owners claim nothing remains from days when movie star lived and died on site in 1962
San Francisco
May 9, 2024
Inside the $20M-plus home market in the nation’s priciest zip code
Atherton has location, cache and acre-sized lots for Silicon Valley’s affluent
South Florida
May 9, 2024
Palm Beach County condo sales dollar volume jumps in April to $489M
Number of closings rose to 838 from 682 in March
South Florida
May 8, 2024
Patrinos Painting boss sells oceanfront Gulf Stream house for $21M, priciest of the year
5,800 sf house has library, pool, 100 ft of waterfront
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New York
May 9, 2024
“You don’t know what the f-ck you are getting”: The new leasing paradigm
At TRD’s Real Estate Forum, Jed Walentas says demand from smaller tenants is rising
Seattle
May 9, 2024
Amazon.com could lead nation out of warehouse doldrums
E-commerce behemoth’s US facilities are projected to grow 43M sf this year
Chicago
May 9, 2024
Northbrook country club sells for $80M to DuPage Water Commission
Former Colliers Chicago CEO David Kahnweiler netted massive profit on shuttered Green Acres Country Club, which his venture bought for under $10M eight years ago
San Francisco
May 9, 2024
Google to vacate 300K sf office on San Francisco waterfront
Search giant will leave One Market Plaza by next year, shift workers to Spear Street site
New York
May 9, 2024
Conde Nast subleases 48K sf in 1 WTC retreat
Kroll picks up new headquarters space from publisher at Durst property
South Florida
May 9, 2024
Kayak Miami Beach hotel sale results in loss for Varde
Property sold for $13M, one month after investment firm acquired it from previous owner seeking to avoid foreclosure
South Florida
May 9, 2024
Related, Macklowe buy more units at North Bay Village condo deemed unsafe
It’s part of a larger waterfront assemblage they plan to develop into a phased luxury resi project
South Florida
May 9, 2024
Henry Pino’s Alta buying South Miami hotel, plans short-term rental condo
Purchase price is between $17M and $19M
New York
May 9, 2024
Grubb goes for golden debut in LIC with $215M loan
Kennedy Wilson, Related provide construction financing
Houston
May 8, 2024
Construction to resume for X Company resi tower in Museum District
Work on co-living development paused for unknown reasons last fall
Austin
May 8, 2024
Karlin supersizes stalled North Austin mixed-use project
Plans 1M sf of development near pro soccer stadium, where big players are active
Chicago
May 8, 2024
Advocacy group looks to blitz Bears’ stadium proposal
Friends the Parks set to take legal action to preserve lakefront for public use