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Ballast pays $26M for rare rent-controlled portfolio in Nob Hill

19 minutes ago
Ballast Investments purchased two rent-controlled multifamily buildings in Nob Hill, San Francisco for $25.9 million, receiving strong buyer confidence despite new seismic retrofit ordinances.

Fullerton Metrocenter sells for $118.5M

40 minutes ago
Mark Moshayedi's Space Investment Partners purchased the Fullerton Metrocenter for $118.5 million from Kite Realty Group, making it the priciest retail deal in Orange County so far this year.

Palisades Tahoe, environmental groups reach settlement after decade-long tiff

about 2 hours ago
After a 14-year dispute, Palisades Tahoe, the League to Save Lake Tahoe, and Sierra Watch have reached a settlement that significantly reduces the proposed expansion of the ski resort.

Charles Cohen’s 220-foot megayacht detained in Italy

about 2 hours ago
Fortress Investment Group has seized Charles Cohen's $48 million megayacht in Italy due to his failure to pay a $187 million court judgment, escalating their legal battle.

Rabsky sells Fort Greene multifamily development for $210M

about 2 hours ago
Fetner Properties, MCB Real Estate, and Farallon Capital acquire a 463-unit Fort Greene multifamily development at 240 Willoughby Street for $209.5 million, with 147 affordable housing units.

Geosam’s suburban megaproject gets greenlight, needs funding

about 2 hours ago
Henry County commissioners approved a rezoning and development agreement for "The Grove," a 1,278-acre master-planned community near Hampton, metro Atlanta, featuring over 6,100 residential units and various commercial spaces.

Newsom commits $101M of state money for new affordable housing

about 2 hours ago
California is committing $101 million to build affordable rental housing in areas affected by the Los Angeles wildfires, with projects prioritizing households displaced receiving preference as long as the units remain affordable for at least 55 years.

Palisades Tahoe, environmental groups reach settlement after decade-long tiff

about 3 hours ago
Palisades Tahoe, the League to Save Lake Tahoe, and Sierra Watch have settled a 14-year dispute by significantly scaling back proposed ski resort expansion plans in order to preserve the area's natural character.

Tamares Group, Atlantic Realty Transfer $204M NoVA Debt to Special Servicing

about 3 hours ago
Owners of a Northern Virginia office complex transfer debt to special servicing in a move to strengthen financial structure, despite claiming the buildings are not in distress.

Surfside victims’ attorney buys his Venetian Islands neighbor’s house for $16M

about 3 hours ago
Judd Rosen, attorney for Surfside condo collapse victims, purchases neighbor's Miami Beach waterfront home for $15.5 million as part of a trend of high-value real estate deals on Venetian Islands.

Kohan floats hotel conversion for massively discounted 311 S Wacker

about 3 hours ago
Kohan Retail Investment Group is seeking a hotel partner to redevelop a portion of 311 South Wacker Drive in Chicago into a 300-room hotel in an effort to reposition the tower they acquired.

Gindis face potential foreclosure on former Astor Place Starbucks site

about 3 hours ago
Astor Place Starbucks commercial space facing foreclosure after Gindis allegedly default on $26.7 million loan.

Kolter plans 386-unit Live Local multifamily project in Delray Beach

about 4 hours ago
Kolter Group seeks streamlined approval for their Alton Delray apartment development with workforce housing component in Delray Beach under the Live Local Act.

Trendy bar vs. hot bar: Ian Schrager fights back against Whole Foods’ suit against Public Hotel

about 4 hours ago
Ian Schrager is fighting back against Whole Foods Market's attempt to shut down the rooftop bar at his Public Hotel due to delivery truck issues.

Peoria looks to grab 835 acres for ambitious Innovation Core project

about 4 hours ago
Peoria is planning to purchase nearly 835 acres of land to develop a state-of-the-art innovation hub, with $140 million invested in initial infrastructure development.

Sarwar Food Distribution Takes 7K SF of Warehouse Space in Queens

about 4 hours ago
Sarwar Food Distribution relocates to Maspeth, Queens, leasing warehouse space for sourcing and delivering food with a three-year lease.

Catering mogul buys Bowery Savings Bank after failed bankruptcy sale

about 4 hours ago
After a failed bankruptcy sale, the landmarked Bowery Savings Bank finds a new owner in Ilya Zavolunov, owner of a chain of bakeries and catering halls in Queens, who purchased the building for $20 million.

Baron Property Group Buys Long Island City Site Ahead of Redevelopment

about 4 hours ago
LargaVista Companies turns over deed to construction site in Long Island City to development partner for $82.5 million, facilitating the building of a 561-unit apartment building with affordable units and retail space near Queens Plaza.

Frank Carone sells Mill Basin mansion for 35% off

about 5 hours ago
Eric Adams' former chief of staff, Frank Carone, sold his Mill Basin mansion for $4.5 million after originally asking $6.9 million, with the buyer purchasing the home for his son.

A win for holdouts: Appeals court sides with Biscayne 21 condo owners in battle with Two Roads tied to redevelopment

about 5 hours ago
The Third District Court of Appeal sided with holdout condo owners at Biscayne 21, dealing a blow to Two Roads Development's plans for an Edition Residences luxury project, with implications for future condo buyouts in Florida.

Zara to Open 18K-SF Store at 31 West 34th Street in Midtown

about 5 hours ago
Zara is expanding its presence in New York City by signing a lease for a new store near Herald Square.

Blufftop Winnetka home trades in 2nd-priciest deal this year

about 5 hours ago
A lakefront mansion in Winnetka sold for $11.4 million, becoming the second-priciest residential sale in the Chicago area this year.

Related sells loan on Brandon Miller’s last development project

about 5 hours ago
Raven Capital Management acquires $40 million loan for Brandon Miller's East Harlem office building developed by Real Estate Equities Corporation before his death, as other REEC projects face issues post-Miller's passing.

Fulcrum Properties Planning Historic Church Renovation and Affordable Housing Build

about 5 hours ago
Fulcrum Properties plans to renovate St. Augustine Church on the Lower East Side, adding a 21-story apartment building with income-restricted units and retail space in a partnership with the church.

Uniqlo Inks 19K-SF Deal for New Store Near Union Square

about 5 hours ago
Uniqlo is opening a new store near Manhattan's Union Square at 860 Broadway, expanding its presence in New York City.

$425M construction loan propels Karahan Cos’ Fields West in Frisco

about 5 hours ago
Fields West in Frisco's Fields community secured a $425 million construction loan and $70 million in municipal bonds to begin delivering its $2 billion commercial development by the third quarter of 2027.

Court says Adams must implement housing voucher expansion

about 5 hours ago
An appellate court ruled that the Adams administration must implement the expansion of New York City's housing voucher program, with the City Council urging prompt implementation while the administration explores legal options.

PIMCO co-founder’s son in contract to sell West Hollywood Edition penthouse listed for $14M

about 6 hours ago
Nick and Natasha Gross are in contract to sell their West Hollywood Edition penthouse listed for $13.5 million, making it the top signed contract based on asking price in Los Angeles for the week.

Lender wins Gateway at Wynwood bankruptcy auction with $90M bid

about 6 hours ago
A10 Capital wins bankruptcy auction for Gateway at Wynwood but faces potential sale to Beach Hill Capital Investors offering higher price.

Seoul’s hot property market complicates South Korea’s economy

about 6 hours ago
The Bank of Korea maintains interest rates to prevent property bubble amidst struggling economy and U.S. tariffs.

Peachtree Refis Arizona Industrial Development With $52M Loan

about 6 hours ago
Shopoff Realty Investments secures a $52 million loan to refinance a newly built industrial project in suburban Phoenix, positioning the project to attract industrial tenants and capitalize on the Mesa market's strong metrics.

Moinian Group faces foreclosure on Fifth Avenue

about 6 hours ago
Special servicer LNR Partners and trustee Wilmington Trust are moving to foreclose on Joseph Moinian's 535-545 Fifth Avenue properties for defaulting on a $310 million loan.

Berkadia Closes $107M Freddie Mac-backed Refi for Florida Multifamily Portfolio

about 6 hours ago
Tampa developer secures $107.3 million debt package to refinance three multifamily properties in Central Florida.

Fetner, MCB Real Estate, Farallon Capital Buy 240 Willoughby Street for $210M

about 7 hours ago
A joint venture involving Fetner Properties, MCB Real Estate, and Farallon Capital Management purchased a newly renovated apartment building in Fort Greene, Brooklyn for $209.5 million, featuring 463 units including 147 affordable units.

Historic Lake Michigan mansion’s $15M ask hits top tier of pricing

about 7 hours ago
A restored lakefront mansion in Kenilworth, built in 1906, is listed for $15 million, setting a new record for the wealthy North Shore village after being renovated by the current owner.

For Downtown Los Angeles, a Pleasant Plot Twist

about 7 hours ago
Downtown Los Angeles faces challenges but shows signs of recovery with increasing investment, improved public safety, and potential for growth with upcoming global events like the FIFA World Cup and Summer Olympics.

Amazon Grows Miami Office to 75K SQ

about 7 hours ago
Amazon is expanding its office footprint in Miami's Wynwood Plaza, leasing an additional 25,000 square feet.

Vancouver suburb tightens leash on illegal resi conversions

about 7 hours ago
Surrey, a Vancouver suburb, struggles to curb illegal residential conversions despite efforts and fines, in the midst of a larger housing crisis in the area.

Feds charge CEO in bid-rigging scheme for $338M UT arena

about 8 hours ago
Tim Leiweke, CEO of Oak View Group, resigns following federal indictment alleging a bid-rigging scheme related to Moody Center arena development at University of Texas at Austin.

Sixers, Comcast buy properties near scuttled arena site

about 8 hours ago
A joint venture between Comcast and the Sixers ownership group acquired Market Street properties for $56 million, with plans to re-energize the area despite abandoning an arena project.

Oakland Marriott finds buyer after 50% value drop, foreclosure saga

about 9 hours ago
The Oakland Marriott City Center has been sold at a foreclosure auction for $70.2 million, representing a 51 percent decrease from its previous sale, amid a series of hotel foreclosures in Oakland.

Midtown Capital plans 348-unit Live Local Act tower in Miami’s Little River, amid flurry of proposals under state law

about 10 hours ago
Midtown Capital Partners plans to build a 22-story, 348-unit Live Local Act tower in Miami's Little River neighborhood, with 40 percent of units designated as workforce or affordable housing, following a trend of similar developments across South Florida.

Blackstone looking to offload Flushing retail complex for $425M

about 10 hours ago
Blackstone is marketing the fully leased Shops at Skyview in Flushing, Queens for a sale price of around $425 million, part of a larger complex with apartments and medical space.

Reichmann realty heir adds another SF property to portfolio

about 10 hours ago
Ian Jacobs, heir to the Reichmann real estate dynasty, continues his buying spree in San Francisco's Union Square with the purchase of 35-41 Powell Street for $7.1 million as part of his $75 million Project Uris plan.

Inglewood poised to get 571-townhome development near Hollywood Park

about 10 hours ago
Inglewood is set to gain nearly 600 new townhomes near Hollywood Park, with amenities and 10 percent reserved for low-income households, to be developed in five phases by 2029.

Pompano Beach closing tops Broward weekly condo sales

about 10 hours ago
Broward County's condo sales and dollar volume remain steady during July Fourth holiday week, with top sale at $2.1 million in Pompano Beach.

Douglas Emmett founder asks $59M for Brentwood manse

about 11 hours ago
Douglas Emmett Realty founder lists his Brentwood home for $58.5 million, becoming the priciest listing in the neighborhood.

New Lincoln Yards developers pitch 1,000-unit plan, JP Morgan balks on selling southern parcel

about 11 hours ago
Jim Letchinger's firm JDL and equity partner Kayne Anderson are moving forward with purchasing the failed Lincoln Yards development site, now rebranded as Foundry Park, with plans for housing units, retail space, and community revitalization.

Manhattan rents notch five-month streak of record prices, with no signs of slowing

about 11 hours ago
Manhattan sees record high median rent prices in June, with factors such as the FARE Act and high demand contributing to the increase.

Office market continues heating up as deals hit $40B

about 12 hours ago
The U.S. office market continues to show recovery momentum as vacancy rates decline, transaction volume increases, and major markets like Manhattan and San Francisco see leasing activity grow.

Who is Kelem Butts, the new head of Uptown Dallas Inc?

about 12 hours ago
Kelem Butts, a former AT&T executive, becomes the new executive director of Uptown Dallas Inc., emphasizing a diverse mix of real estate offerings for the area.

Foreign buyers and sellers are going strong in New York City

about 12 hours ago
Despite overall market stalls and geopolitical concerns, New York City's luxury real estate market remains strong due to increased foreign buyer activity.

Mansion with restored beach lists for $9M in Highland Park

about 12 hours ago
A lakefront mansion with a private beach on Lake Michigan's North Shore is listed for just under $8.8 million, boasting 200 feet of beachfront and extensive renovations.

NYC’s top deals: LIC industrial building trades for $19M

about 13 hours ago
New York City saw 270 real estate deals worth $363 million on July 9, with the top residential sale in Tribeca and the priciest commercial sale in Long Island City.

The Daily Dirt: Rise of the borough presidents?

about 13 hours ago
The potential change to give borough presidents more say in rezonings may be pitched to voters in November, with the possibility of establishing an appeals board to override City Council decisions in the land use process.

Blackstone’s Flushing Retail Complex Up for Sale, Expected to Fetch $425M

about 14 hours ago
Blackstone is selling The Shops at Skyview in Queens for an estimated $425 million, attracting interest from various investors due to its high cash-on-cash returns and prime location in the rapidly growing neighborhood of Flushing.

Pasadena Office Tower loses 60% of value over 10 years

1 day ago
Albert Taban and Michael Pashaie's Pasadena Office Tower undergoes a significant reappraisal, dropping by 59% from a decade ago, as tenants leave the property.

Lakeside sells apartments for $59M in hot suburban market

1 day ago
Lakeside Capital Advisors sold suburban Warrenville apartment complex, The Westlyn, for $59 million to Artemis Real Estate Partners, highlighting growing momentum in Chicago's suburban multifamily market.

Transwestern, 2SP Partners set $170M project near Trinity River

1 day ago
2SP Partners and Transwestern Development Co. purchased 10.2-acre site in Fort Worth for a new development called Merrimac, which will include a seven-story apartment complex and retail space near TCU and the Trinity River.

Trophy buildings in Dallas suburbs buoy office market

1 day ago
Dallas-Fort Worth's office market absorbs positively in the second quarter, focusing on high-end trophy offices in suburbs and financial services companies dominating the construction pipeline.