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Carmel Partners ups ambition for apartment tower on La Cienega

about 7 hours ago
Carmel Partners in Los Angeles plans to build a 43-story apartment tower with 532 units, including 64 affordable units, replacing previously approved 24-story plans and triggering a scandal involving former Council member José Huizar.

Los Angeles Office Market ‘Has Bottomed,’ Gravitates Farther West

about 7 hours ago
Los Angeles' office real estate market has hit bottom post-pandemic but is expected to remain stagnant for the near future, with slow recovery predicted in response to elevated leasing activity and shifting tenant demand.

Costco takes Crosland Southeast development to next level

about 8 hours ago
Crosland Southeast's Exchange at Indian Land project near Charlotte includes 400 apartments, 320 townhomes, and anchor tenants Lowes Foods and Costco, with construction set to begin soon.

Skims-Anchored Office in Hollywood Sells for $105M

about 8 hours ago
Kingsbarn Realty Capital acquires Hollywood office building housing Skims headquarters at a lower price than initially agreed upon, in a deal brokered by Newmark.

Universal Property settles claims of insurance fraud, will pay state $6.5M

about 8 hours ago
Universal Property & Casualty Insurance Company settled a civil suit and will not receive over $30 million in allegedly fraudulent insurance claims related to Hurricane Irma, paying fines and legal fees totaling $6.5 million.

Miami-Dade Approves Swerdlow’s $2.6B Workforce and Affordable Housing Dev

about 8 hours ago
Miami-Dade County Commission approves $2.6 billion affordable housing development in Little River neighborhood.

Illinois home insurance costs skyrocket to second-highest in US

about 9 hours ago
Illinois home insurance premiums have surged by 50% from 2021 to 2024, the second-largest increase in the U.S., driven by rising costs for building materials and labor.

Designer, former NYC commissioner sell Palm Beach house for $16M

about 9 hours ago
Designer Regine Traulsen and former NYC commissioner Bill Diamond sold their Palm Beach home for $16.2 million.

Washington Ho’s firm expands to Austin amid hot luxury market

about 9 hours ago
White House Global Properties, a Houston-based real estate brokerage founded by Washington Ho, is expanding to Austin and plans to hire 30 to 50 agents in the next few years.

Los Gatos sues to clarify builder’s remedy

about 9 hours ago
Los Gatos files lawsuit to clarify state housing law and resolve issues with builder's remedy applications in order to efficiently approve much-needed housing.

Will Washburne’s chess move drive Dallas to buy historic property?

about 9 hours ago
Dallas is considering purchasing the old Dallas Morning News building from developer Ray Washburne as part of the city's convention center overhaul.

Japanese Ramen Chain Afuri to Open Midtown Eatery

about 9 hours ago
Japanese restaurant chain Afuri is expanding to Midtown with a new location offering specialty ramen and dumplings.

Drama on bidding for Ziggurat building includes Hoag in wings

about 9 hours ago
Pintar Investment and Hilco Development Services win Ziggurat property auction with $17.7 million deposit, face lawsuit for alleged collusion with losing bidder, Hoag Memorial Hospital Presbyterian.

Thor, Premier Face Foreclosure at 25-27 Mercer Street in SoHo

about 10 hours ago
Thor Equities and Premier Equities may lose their retail property in SoHo after defaulting on a $10 million loan, potentially facing foreclosure.

PGIM Closes $2B Data Center Investment Fund

about 10 hours ago
PGIM Real Estate closes $2 billion fundraising campaign for Global Data Center Fund to capitalize on growing demand for computing capacity driven by AI and other technologies.

Steve Cohen sweetens casino proposal with 450 affordable units

about 10 hours ago
Steve Cohen and Hard Rock International are partnering with Slate Property Group to add 450 affordable housing units to their Queens casino plan, in a move to strengthen Cohen's bid for a gaming license.

Data center instead of entertainment district in North San Jose?

about 10 hours ago
Terra Ventures plans to build a 462,500-square-foot data center and power plant in North San Jose's Alviso district, replacing earlier proposals for a smaller facility.

Smaller developers turn to infill opportunities in Phoenix

about 10 hours ago
Boutique home builders in Phoenix are focusing on high-density infill developments in central locations, offering proximity to employment hubs and appealing to buyer demand for modern homes in established neighborhoods despite challenges.

Hochul backs FARE Act, rebukes REBNY’s suit

about 11 hours ago
Governor Hochul supports NYC's defense of the FARE Act to shift broker fees from tenants to landlords, arguing that state law does not cover every aspect of residential brokerage.

Hamptons $70M sale sets benchmark for summer season

about 11 hours ago
A waterfront property in the Hamptons at 370 and 372 Further Lane sold for $70 million, the priciest deal of the year on the East End, with a main residence, guest house, and ocean frontage.

Steve Ross commits $50M to Vanderbilt’s West Palm Beach campus

about 11 hours ago
Steve Ross donated $50 million to Vanderbilt University's West Palm Beach graduate school campus project, contributing to a total of $77 million raised towards the $300 million fundraising goal.

Cain and Oko Unveil Palm Beach’s First New Condo Project in 20 Years

about 11 hours ago
Cain International and Oko Group are planning a luxury condo development in Palm Beach, Florida, featuring three five-story buildings designed by world-renowned architects, with concerns raised by some committee members about the design being a better fit for Miami or Costa Rica.

Hines’ Pasadena apartments deal due to no “mansion tax”: Newmark broker

about 12 hours ago
Hines bypasses Los Angeles' Measure ULA by purchasing a $60 million apartment complex in Pasadena, benefiting from the absence of a "mansion tax" in the area.

$26M worth of discounted city-owned lots open for redevelopment

about 12 hours ago
Chicago is offering over 400 vacant city-owned properties for redevelopment with some available for as little as $1 to boost affordable housing and revitalize underinvested areas.

Moinans and Katzes — FiDi’s Hatfields and McCoys — feud over façade

about 12 hours ago
After years of contentious disputes over a Financial District apartment building, the Moinians are on the verge of losing 90 Washington Street to the Katzes due to breaches of the ground lease.

Prime Finance Provides $67M Refi for Historic San Francisco Financial District Hotel

about 12 hours ago
InterGroup Corporation and Portsmouth Square secure $67 million to refinance defaulted Hilton San Francisco Financial District hotel.

Amusement Center Arkade NYC Opens at Port Authority Midtown Bus Terminal

about 12 hours ago
The Port Authority of New York and New Jersey welcomes new retail tenant Arkade NYC, an indoor arcade in Midtown Bus Terminal.

580K sf office in East Bay on Trump’s “accelerated” sale list

about 12 hours ago
The U.S. General Services Administration plans to sell the Frank Hagel Federal Building in Richmond, California, as part of a national effort to reduce costs and "rightsize" the federal real estate portfolio.

Thor faces Soho foreclosure — again

about 12 hours ago
Blackstone has filed a foreclosure lawsuit against Thor Equities in Soho, alleging a default on a $10 million mortgage, as Thor has been facing foreclosure issues with its properties in the area.

ACS Group seeks public subsidies for $2B data center development

about 13 hours ago
ACS Group plans to build a $2.16 billion data center campus in Fort Worth, aimed at creating 37 high-paying permanent jobs and expected to be completed by 2034.

ACS Group seeks public subsidies for $2B data center development

about 13 hours ago
ACS Group plans to build a $2.16 billion data center campus in Fort Worth with incentives from the city to create jobs and solidify the city's position as a hub for data center growth.

TileBar Inks 34K-SF Lease at 53 West 23rd Street

about 13 hours ago
TileBar has signed a 12-year lease for 34,000 square feet in a Class B building in the Flatiron District, showcasing the strong demand for Manhattan office space.

Law Firm Kirkland & Ellis to Open 131K-SF Office at 900 Third Avenue

about 13 hours ago
Kirkland & Ellis expands New York City presence with second Midtown East office at 900 Third Avenue, in response to growth and future needs.

Dozens of NJ towns successfully push back against affordable housing requirements

about 14 hours ago
Dozens of New Jersey municipalities successfully reduce their affordable housing targets through negotiations with the Fair Share Housing Center, leading to lowered obligations for at least 60 towns totaling over 1,400 units.

Fitch downgrades Bally’s rating again over Chicago casino risks

about 14 hours ago
Fitch Ratings downgraded Bally's credit rating to B- due to risks surrounding the Chicago casino project and high debt load, marking a series of rating cuts from various agencies.

Judge Permanently Dismisses Corruption Case Against Mayor Eric Adams

about 14 hours ago
A federal judge permanently dismisses corruption charges against New York Mayor Eric Adams, ruling out prison time but damaging his public image.

Judge tosses criminal case against Mayor Eric Adams

about 15 hours ago
A federal judge dismisses corruption charges against Mayor Eric Adams with prejudice, prohibiting prosecutors from reviving the case, in a decision seen as protecting the mayor from a potential quid pro quo with the Department of Justice.

Carlos Rosso and partners plan major mixed-use development on former Walmart site in Midtown Miami

about 15 hours ago
Carlos Rosso and partners are developing a $2 billion mixed-use project in Miami's Midtown, with the first phase being a 28-story condo tower called Midtown Park Residences by Proper.

Noah Properties scores $43M refi for suburban senior multifamily

about 15 hours ago
Noah Properties secures $42.5 million refinancing loan for suburban River Grove multifamily development backed by senior living complex.

Sun & Surf closing tops Palm Beach County weekly condo sales

about 15 hours ago
Palm Beach County's condo dollar volume increased in the last week of March, with brokers closing 119 condo sales worth $70.9 million, with the top sale at $7.4 million.

Trump could earn $115M in NYC’s casino race

about 15 hours ago
Donald Trump could stand to earn $115 million from Bally's if a casino is approved at the Bronx's Ferry Point Park golf course.

Slate Partners With Steve Cohen, Hard Rock to Add 450 Affordable Units to Casino Bid

about 17 hours ago
Slate Property Group partners with Steve Cohen and Hard Rock International to build affordable housing in Queens as part of a bid to secure a casino license near Citi Field.

Money for nothing: City Council takes real estate taxes for granted

about 17 hours ago
NYC politicians demand higher real estate tax revenue forecasts while hindering the deals that actually generate that revenue.

Manhattan’s high-end market hit a hot streak in Q1

about 18 hours ago
Manhattan's luxury real estate market saw a significant uptick in sales and prices in the first quarter of the year, driven by cash transactions and potential urgency due to market uncertainties.

The Daily Dirt: Fines for illegal housing steeper than fatality penalty

about 18 hours ago
The Department of Buildings fines property owners for unlawfully adding dwellings to prevent potentially deadly housing conditions.

Rankings: Top NYC agents embrace the ‘whiplash’

about 19 hours ago
Zeve Salman and Eric Brown of the Elevated Team at Compass navigated a challenging NYC real estate market in 2024 with a shortage of quality inventory, high interest rates, and political and economic uncertainty.

In real estate, Witkoff is royalty. In Washington, he’s the president’s man

about 19 hours ago
Steve Witkoff transitioned from real estate dealmaker to diplomat, gaining international recognition for his role in high-stakes negotiations while maintaining ties to the real estate industry.

“Rapacious behavior”: Rialto wages war against Signature borrowers

about 19 hours ago
Small-time landlords in New York City, particularly those who borrowed from Signature Bank, are facing aggressive foreclosure tactics from Rialto Capital Advisors, leading to a legal battle over loan extensions and defaults.

Meet the real estate execs saying goodbye to DEI

about 19 hours ago
Real estate firms, like other corporations, have rolled back DEI initiatives in response to Trump's directives, raising questions about the future of diversity efforts within the industry.

Behind the development boom coming for Broward County

about 19 hours ago
Fort Lauderdale's beaches and luxury real estate market are experiencing a shift as developers bet big on the city's potential for growth and luxury living.

Meet the little-known developer behind a $2B Reuben Brother development

about 19 hours ago
Will Bennett, with his partner Roberto Ruiz Vargas, is hyper-focused on developing the luxury Esencia resort in Puerto Rico, aiming to create a low-density community that embraces the island's culture and natural beauty.

The “It” buildings

about 19 hours ago
Luxurious condo developments in various markets are selling quickly, with some pushing the boundaries of pricing and design while others struggle with dwindling demand.

What does Bill Ackman see in Howard Hughes Holdings?

about 19 hours ago
David O'Reilly, CEO of Howard Hughes Holdings, is navigating a potential take-private proposition while overseeing the development of new master-planned communities like Teravalis in Phoenix, all with the backing of financier Bill Ackman.

Editor’s note: From RE dealmaking to world peace

about 19 hours ago
Real estate developer turned global envoy brokers peace deals with real estate skills.

Rankings: Top NYC agents embrace the ‘whiplash’

about 19 hours ago
Real estate agents in Manhattan see a market stunted by lack of inventory, high interest rates, and uncertainty, but with some signs of activity and optimism for the future.

Why Chicago’s chaotic property tax system is scaring away institutional investors

about 19 hours ago
Irish investor Sean Conlon leaves Chicago due to high property taxes, which along with other issues, continues to deter investors and hinder economic recovery in the city.

Nuveen racking up mezzanine loan losses on Chicago office deals

about 19 hours ago
Nuveen, the investment arm of TIAA, faces significant losses on risky mezzanine loans in Chicago's depressed office market as economic conditions worsen.

The retail cowboy

about 19 hours ago
Dan Almquist's River Street Marketplace in San Juan Capistrano blends historical references with contemporary retail to create a unique experience, challenging the conventional retail landscape in Orange County.

The Closing: Angela Aman

about 19 hours ago
Angela Aman, CEO of Kilroy Realty, faced both the 9/11 attacks and the loss of her Los Angeles home to wildfires before taking over the publicly traded real estate investment trust.

NAR has ruled on CCP — so what’s next?

about 19 hours ago
The National Association of Realtors has introduced a "delayed marketing exempt listing" option in modifying its Clear Cooperation Policy, creating confusion and mixed reactions within the real estate industry.