GPARENCY News: Your hub for commercial real estate updates. Stay informed with curated headlines, and summaries crafted by ChatGPT. Stay ahead of the industry.
The article discusses the close-knit Persian Jewish real estate community in Great Neck, Long Island, where relationships, wealth, and success in the real estate field are deeply intertwined.
TYKO Capital, a new lender in the construction loan space, has quickly established itself as one of real estate's most important lenders by securing several headline-grabbing deals in a short amount of time.
South Florida’s luxury spec market is bottlenecking
about 2 hours ago
Luxury spec developers in South Florida are facing challenges with soaring costs, delays, and difficulty meeting the expectations of ultra-wealthy buyers.
Chicago's top residential agents and brokers navigated high interest rates, broker commission policy changes, and low inventory to collectively achieve $2.8 billion in sales volume in the past year.
At the pleasure of the president: real estate appointees planning to serve under Donald Trump
about 2 hours ago
President-elect Donald Trump has chosen real estate industry figures for key cabinet positions to implement his agenda, including appointees focused on tariffs, tax incentives for developers, trade and tariff agendas, as well as potential future appointments like a Middle East envoy and US ambassador to France.
Top residential real estate brokers in Dallas navigate shifting market conditions to keep deals flowing despite influx of newcomers and lack of regulatory hurdles, maintaining high sales volumes and luxury home transactions.
Inside the turmoil at Columbia’s Master of Science in Real Estate Development program
about 2 hours ago
Columbia's Master of Science in Real Estate Development program faces controversy and upheaval as influential leader Patrice Derrington is removed, leaving students questioning the future direction of the program.
Floyd ‘Money’ Mayweather knocks out Manhattan — and goes back for more
about 2 hours ago
Floyd Mayweather Jr., the world's wealthiest boxer, has been on a whirlwind real estate investment spree in New York City, with a focus on office and rent-regulated buildings.
Teeny tiny retail tenants are healing San Francisco’s downtown blight
about 2 hours ago
BXP's head of leasing at Embarcadero Center, Christine Yuen, reaches out to small businesses at farmers' markets to fill retail spaces in downtown San Francisco using Vacant to Vibrant program.
Does NYC actually have a housing shortage, or just a lack of good inventory?
about 2 hours ago
Despite complaints from brokers about low inventory, certain metrics suggest that the Manhattan real estate market is not as out of balance as perceived, with demand slightly outpacing supply in a way that points to a healthier market than initially thought.
Thanks, Jerry: Meet the LA landlord who helped defeat the county’s progressive DA
about 2 hours ago
Gerald Marcil, a major donor in Los Angeles County District Attorney Nathan Hochman's successful campaign, celebrated the win as a victory for property owners and advocated for a focus on law and order in the criminal justice system.
Dayssi Kanavos met her husband, Paul Kanavos, at a dinner party in 1991 while studying at New York University, and together they founded Flag Luxury, a real estate development firm that focuses on luxury hotels and residences.
Service Industry Specialist: Sean Hehir Explains Hospitality Investing
about 2 hours ago
Sean Hehir, CEO of Trinity Investments, leads a successful private real estate investment firm focused on buying, renovating, and improving hospitality assets with the largest players in private equity, managing a $5.4 billion portfolio and driving some of the largest deals in U.S. hospitality.
Kevin Maloney of Property Markets Group has seen success in the luxury condo market, shifting focus away from rentals, despite challenges such as rising interest rates and insurance costs.
Jeff Grasso is Reaching New Altitudes Investing in Salt Lake City
about 3 hours ago
Jeff Grasso made a leap of faith by moving from Manhattan to Salt Lake City in 2020, where he has since built a successful real estate firm, Vesta Realty Partners, that bridges the gap between local owners and institutional capital.
Apple signed a 61,000-square-foot expansion in New York City, among other big real estate deals, as the industry prepares for the holiday season and upcoming retail events like Black Friday and Cyber Monday.
The final issue of The Real Deal for 2024 features President-elect Donald Trump on the cover and explores the potential impacts of his presidency on the real estate industry.
The Kushner family continues to benefit from their connections to President-elect Donald Trump, with patriarch Charles Kushner being appointed as the next US ambassador to France.
LA’s luxury interiors look to nix the pure white box
2 days ago
Luxury homes in Los Angeles are moving away from the trend of white and gray interiors towards more expressive textures and materials, reflecting a desire for more character and impact in high-end spaces.
More Retail on the Market as Bankruptcies and Closings Pile Up In 2024
3 days ago
Retail storefronts are closing at a record pace due to high debt, changing consumer behavior, and the rise of e-commerce, leaving spaces vacant and challenging the survival of retailers in the U.S.
OKO Group’s Vanessa Grout lists waterfront Miami Beach home
4 days ago
OKO Group Real Estate CEO Vanessa Grout is selling her beautifully renovated 1930s Miami Beach mansion on Pine Tree Drive for nearly $10 million to upgrade to a larger space.
Black Friday a Thing of the Past? Experts Say Early Sales May Harm in-Person Shopping
4 days ago
Experts predict that Black Friday may lose significance as early sales and online shopping options change the traditional in-store shopping experience.
Lender goes after Tides’ Kia, Andrade personally for millions of dollars
5 days ago
Tides Equities' co-founders are being personally pursued for the remaining balance of a $33 million loan on a Dallas multifamily complex they lost to foreclosure.
Johnson launches $20M plan to rehab abandoned buildings
5 days ago
Chicago Mayor Brandon Johnson and the city’s Department of Housing launched the Rebuild 2.0 program to rehabilitate abandoned buildings in historically disinvested neighborhoods and resell them to local residents in an effort to reduce blight and create revitalized communities.
The "South Florida by the numbers" web feature highlights generous real estate figures making impactful donations in the region, including Citadel CEO Ken Griffin, Jorge Pérez, and Amazon founder Jeff Bezos.
Keith sells 160 acres in Charlotte to Texas data center specialist
5 days ago
Charlotte developer Graeme Keith sold a 160-acre site on the city's west side to Texas-based Digital Realty for $160 million, marking an expansion of the data center boom in North Carolina.
San Antonio Housing Trust eyes 6 acres for affordable housing
5 days ago
The San Antonio Housing Trust is acquiring vacant buildings and land to address housing affordability concerns and counteract gentrification in the Cattleman Square area through community engagement and planning for future affordable housing.
Ares Management to Open 10.5K-SF Office in Miami Beach
5 days ago
Private equity firm Ares Management is opening a new office in Miami Beach, leasing space at the Eighteen Sunset building alongside other prominent tenants.
Bell Partners drops $79M for Kendall West apartment complex, its second South Florida multifamily deal this month
5 days ago
Bell Partners acquired a 228-unit apartment complex in Kendall West for $78.5 million from Lacera, marking its second investment in South Florida's multifamily market this month.
Venice “beautifier” to replace DMV in Pacoima with apartments
5 days ago
Kevin Brunk plans to replace a defunct DMV in Pacoima with a mixed-use complex featuring 246 apartments and a grocery store, approved by the Los Angeles City Planning Commission.
A historic estate in Sagaponack, listed at $85 million, hits the market for the first time in over 60 years with luxurious features and ties to a family feud.
McBride Cohen lands $35M to build waterfront village in Tempe
5 days ago
McBride Cohen Management Group secures $35 million to build second phase of $4 billion urban retail village in Tempe near Phoenix, with plans for apartments, condominiums, hotels, offices, shops, a Ferris wheel, and more.
Ex-Bear audibles Motor Row plan to emphasize on hotel
5 days ago
Former Chicago Bear Israel Idonije has shifted plans to convert the Hudson Motor Building into a 154-room boutique hotel under Hilton’s Curio Collection in the Motor Row District, moving away from previous ideas of apartments and a co-working space.
Longpoint’s industrial binge: $331M South Florida warehouse portfolio purchase from Blackstone
5 days ago
Longpoint Realty Partners acquires Blackstone warehouse portfolio in South Florida for $331.3 million, becoming the largest industrial deal of the year.
Sales of new homes dropped significantly in October, attributed to a variety of factors including hurricanes, affordability, rising mortgage rates, and potential impacts from Trump's policies, but inventory levels are on the rise.
Texas Pacific Land Corp. has seen its stock surge 230 percent this year, surpassing Texas stalwarts such as Halliburton and American Airlines, as its land in the Permian Basin is now being used for renewable energy projects, Bitcoin mining, and data centers driven by AI technologies, positioning the company for future growth in the digital infrastructure sector.
Apple is expanding its office space at Penn 11, taking over 61,000 square feet from Macy's and renewing its lease with the landlord, Vornado Realty Trust, until 2035.
Beverly Hills leads LA luxe contracts out of election doldrums
5 days ago
Beverly Hills leads Los Angeles County's luxury real estate market with 23 homes under contract totaling $157.4 million in asking dollar volume last week.
Closings begin at Martin and Galbut’s $1B Five Park tower, tallest in Miami Beach
5 days ago
Developers Russell Galbut and David Martin completed the tallest building in Miami Beach, Five Park, a 48-story condo tower with a sellout value of $1 billion, featuring luxury amenities and attracting high-profile buyers.
Resi roundup: Luxury spec developers snap up and sell properties
5 days ago
Luxury spec developers in South Florida make significant property purchases and sales in the latest round of residential deals, covering Coral Gables to Fort Lauderdale with prices ranging up to $12.4 million.