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MG Developer scores $39M loan to build Coral Gables townhome project

27 minutes ago
MG Developer secured a $39 million construction loan from Pine Bay Capital for The George, a luxurious townhome project in Coral Gables with units starting at $5.9 million.

Aggressive homebuilding puts Austin on track to balanced market

28 minutes ago
Austin's housing supply is surging, offering homebuyers more options and negotiation power in a region that ranks second nationally in active listings behind Denver.

Empire State Realty Trust Buys More Williamsburg Space for $31M

about 1 hour ago
Empire State Realty Trust continues to expand its presence in Williamsburg, Brooklyn by purchasing two properties for $31 million.

Resi conversion in play for Blue Man Group’s old Lakeview theater

about 1 hour ago
Jab Real Estate plans to convert the former Briar Street Theater in Lakeview into a 66-unit mixed-use complex with ground-floor retail and a five-story addition, designed by Moth Architects.

SF zoning plans could face chopping block with new Senate housing bill

about 1 hour ago
Proposed state legislation could preempt San Francisco's local zoning laws around transit stops, sparking concern over displacement and gentrification despite claims it will increase housing growth and transit use.

AllianceBernstein Provides $120M Refi for Amazon-Leased Hamptons Business Park

about 1 hour ago
Rechler Equity Partners secures a $120 million loan to refinance a business park in the Hamptons, including an Amazon distribution warehouse, highlighting the demand for industrial space on Long Island's East End.

Hines revives 20-year-old master-planned project in growing corridor

about 1 hour ago
Hines plans to develop a master-planned community in League City with over 2,600 single-family homes, aligning with the city's west side master plan.

Vanbarton lands $250M loan for archdiocese conversion

about 1 hour ago
Vanbarton Group secures $250 million loan from Eldridge Real Estate Credit for office-to-residential conversion of 1011 First Avenue, marking Eldridge's first conversion loan in New York.

Luzzatto Lands $32M C-PACE Loan for L.A. Creative Campus

about 1 hour ago
Luzzatto Company secures new loan for creative office campus in L.A. after defaulting on debt tied to former headquarters.

Bridge Industrial pitches $150M mall-to-warehouse

about 2 hours ago
Bridge Industrial plans to buy and demolish Ford City Mall in Chicago, replacing it with a 913,000-square-foot logistics complex, marking a significant retail-to-industrial conversion in the city's history.

Toronto’s condo pipeline cracks under pressure

about 2 hours ago
Toronto's preconstruction condo market is in crisis, with a fivefold increase in project cancellations from 2022 to 2025 due to rising costs, high interest rates, and plummeting sales, potentially leading to a significant housing supply shortage in the city by 2028.

California to create new housing agency to meet shortage crisis

about 3 hours ago
California is establishing a new state agency solely focused on housing and homelessness in an effort to streamline affordable housing financing systems and address the state's housing crisis.

Barton G. under contract to sell $35M waterfront Miami Beach mansion

about 3 hours ago
Miami Beach luxury real estate market saw a slow week with only 10 contracts signed, including the pending sale of Barton G.'s waterfront mansion for $34.5 million.

Emerald Creek Lends $23M on Tennessee Industrial Mixed-Use Acquisition

about 3 hours ago
Emerald Creek Capital provides a $22.7 million loan for the acquisition of a mixed-use industrial site in Smyrna, Tennessee by a joint venture between Alpaca Real Estate and LRC Properties.

Amancio Ortega’s Pontegadea purchases Paris hotel for $113M

about 3 hours ago
Zara founder Amancio Ortega's family office purchased the Hotel Banke in Paris for $113 million, expanding their global real estate investments to include high-end hotels.

Industrious Adds Carlos Becil, Gentry Long to C-Suite

about 4 hours ago
Coworking firm Industrious announces new leadership team appointments and expansion plans after being acquired by CBRE.

Bass hands some Sundance Square leasing to LanCarte Commercial

about 4 hours ago
LanCarte Commercial Real Estate has taken over leasing duties for multiple office buildings in Sundance Square, marking a move away from the previous in-house leasing approach by Sundance Square Management.

Four Brooklyn Multifamily Buildings Sell for $24M

about 4 hours ago
Urbana Partners of Buenos Aires purchases four multifamily properties in East Williamsburg, Brooklyn for $24.2 million from Tryline Capital Management.

Dwight Capital Refis Iowa Apartments With $47M HUD Loan

about 4 hours ago
Continental Properties secures $46.6 million HUD-backed loan to refinance Iowa multifamily property, with plans for repairs and future capital expenditures.

Nonprofit Conference Board Takes 30K SF at 875 Third Avenue

about 5 hours ago
The Conference Board is moving its New York City office a block north in Midtown East to 875 Third Avenue.

Developer outraged over Elizabeth Street Garden pivot

about 5 hours ago
The city's decision to preserve Elizabeth Street Garden by rezoning other sites for affordable housing has outraged developers and set a controversial precedent for future affordable housing projects in NYC.

Property tax hike “likely” as Chicago’s $1B budget gap widens

about 5 hours ago
Chicago is facing a $1 billion budget gap, potentially leading to property tax levy despite resistance.

Court’s decision in Two Roads’ buyout case won’t kill all condo deals, experts say

about 5 hours ago
A Florida appeals court ruling in favor of holdout owners at Biscayne 21 impacts Two Roads Development's luxury condo project and establishes new legal precedent for termination requirements.

Brookfield Acquires $428M Industrial Portfolio in Sun Belt from Stonelake Capital

about 6 hours ago
Brookfield Asset Management expands industrial portfolio in Sun Belt by acquiring 3.6 million square feet of properties in top markets.

Bramshill Investments Inks 7K SF at 45 East 53rd Street

about 6 hours ago
Bramshill Investments is relocating to a larger office in Manhattan at Park 53, doubling its footprint in a move driven by growth and commitment to its team's experience.

Pacific Housing, Kennedy Wilson affiliate nabs Richmond complex for $225M

about 6 hours ago
Kennedy Wilson and Pacific Housing affiliate purchases Bella Vista at Hilltop apartment complex in Richmond for $225 million, with 1,008 units, some designated for affordable housing.

Irvine voters could strike down Irvine Company’s golf course conversion

about 6 hours ago
Irvine City Council is considering placing Irvine Company's proposed 3,100-unit housing development at Oak Creek Golf Club on a future election ballot, facing opposition due to a 1988 voter-approved measure preserving the site as open space.

Joy Construction, Maddd Equities refi Hudson Yards rental

about 6 hours ago
Maddd Equities and Joy Construction refinanced their luxury multifamily building, The Lewis, in Hudson Yards with a $96.5 million loan from Värde Partners.

Lease roundup: EV showroom, Japanese eatery Uchibā opening at Mary Brickell Village in Miami

about 6 hours ago
Kimco Realty secures new tenants for Mary Brickell Village, while Kanner & Pintaluga move headquarters to BH Group's The Eclipse and Kendra Scott opens at Town Center at Boca Raton.

Indicted developer Ken Mattson asks judge to release East Bay, Del Mar properties from forfeiture to fund defense

about 6 hours ago
Indicted developer Kenneth Mattson is looking to sell properties in Piedmont and Del Mar to fund his defense against federal charges of orchestrating a Ponzi scheme, however, prosecutors oppose the sale due to forfeiture concerns and suspect the couple has other assets to draw from.

Half-Empty: San Diego County’s Life Sciences Market Feels National Slowdown

about 7 hours ago
The U.S. life sciences real estate market is experiencing a slowdown due to shrinking federal support, decreased tenant demand, and oversupply of lab space in San Diego, forcing developers and landlords to recalibrate in the face of uncertain economic conditions.

Suburban CEO’s Fifth Avenue co-op leads Manhattan luxury deals

about 7 hours ago
David Fischer, CEO of Suburban Collection, sells his Manhattan co-op for $35 million, the most expensive of 19 properties asking $4 million or more in the borough last week.

Crescent Heights plans LA’s biggest condo conversion project in 52 years

about 7 hours ago
Crescent Heights plans to convert Ten Thousand luxury apartments in Century City into condos, potentially the largest condo conversion project in Los Angeles since the 1970s.

Who is acquiring the debt for Vanbarton Group’s 101 Mission Street?

about 7 hours ago
Elliott Investment Management and Probis acquire debt for 101 Mission Street office building in SF, potentially positioning themselves to take ownership from current owner Vanbarton Group.

Movers & Shakers: Moss names chief legal officer

about 7 hours ago
New leadership appointments and team expansions are reshaping the real estate landscape in South Florida.

Midtown highrise takes 44% haircut amid struggle to stay relevant

about 9 hours ago
Midtown office building faces financial struggles and decreased property value as owner plans renovations to attract tenants in Houston's struggling office market.

Chill — Los Angeles’ Proptech Scene Is Coming Along Just Fine

about 10 hours ago
Los Angeles is becoming a vibrant hub for proptech startups and investors, with a growing ecosystem that attracts talent and funding.

5K SF of New Food & Beverage Space Leased in Williamsburg

about 11 hours ago
Three new food and beverage options are coming to Williamsburg, with tenants signing long-term leases for spaces ranging from 500 to 3,000 square feet.

The Weekly Dirt: State dropping case against Ohad Fisherman a win for Alexanders’ defense

1 day ago
State prosecutors dropped a sexual battery charge against Ohad Fisherman due to video evidence that cast doubt on his involvement, while the case against Oren and Alon Alexander is still ongoing.

The future of Lincoln Yards has a new outlook

1 day ago
Chicago's real estate market is buzzing with news of major development projects, high-profile legal disputes, record-setting residential sales, and ongoing growth in the multifamily market.

Santana Row gets long-overdue housing project as historic Berkeley theater redevelopment dies

1 day ago
Santana Row in San Jose is getting a new 258-unit apartment complex after foot traffic rebounded post-pandemic, while plans for the redevelopment of the historic California Theatre in Berkeley have been canceled.

Sunday Summary: NYC Is Officially the Most Expensive City to Build In

1 day ago
New York City has become the most expensive city in the entire world to develop real estate, with costs averaging $534 per square foot, driven by high labor prices and demand for new construction.

Sinking ship: Charles Cohen juggles yacht seizure, foreclosure as Fortress closes in

1 day ago
Real estate mogul Charles Cohen faces mounting legal pressure with his superyacht seized and office property heading towards foreclosure.

Top Dog: Chad Phillips’s Plans for Running Nuveen Real Estate

1 day ago
Chad Phillips appointed global head of Nuveen Real Estate after successful career with the company.

Big Tech rekindles Austin romance

2 days ago
Nvidia potentially leasing office space in Austin signals a renewed interest from the tech sector, while Tony Parker's luxury mansion with a Nandos restaurant is being marketed by a Twitch streamer, and a data center proposal in Dallas faces rejection.

Pasadena Office Tower loses more than half its value in a decade, worth less than debt tied to it

2 days ago
Los Angeles was hit with financial distress including plummeting property values, high vacancies, and canceled federal office leases due to various issues impacting the real estate market.

For real estate, pups, parties and pet projects define this Hamptons summer

2 days ago
The article discusses the influx of businesses and pets in the Hamptons, as well as the controversy surrounding the potential reopening of the Maidstone Gun Club.

Venture capitalist sues over damage to gold-leaf wallpaper

2 days ago
Michael Loeb, venture capitalist, is suing his neighbor over alleged water damage to his townhouse on 41 East 72nd Street, seeking reimbursement for over $180,000 in repair costs.

NYC’s top deals: Michael Milstein pays $20M for UES co-op

2 days ago
On Friday, July 11, there were 224 deals totaling $342 million in New York City, with top residential sales including a $20 million co-op on the Upper East Side and a commercial sale in East Williamsburg for $24.2 million.

The Daily Dirt: To double down or reinvent in the mayoral race?

2 days ago
The article discusses a new super PAC forming to raise funds to oppose Zohran Mamdani, the Democratic mayoral nominee, despite the potential flaws in their approach.

Newsom: Eaton Fire utility lawsuits could stretch already “stressed” California Wildfire Fund

2 days ago
Governor Newsom discusses potential strain on California Wildfire Fund, Mayor Bass signs executive directive on immigration enforcement, and DTLA multifamily occupancy remains high despite commercial challenges.

DTLA’s One California Plaza value plummets 74%, lands in foreclosure

3 days ago
One California Plaza in Downtown Los Angeles is in foreclosure after facing high vacancies and tenant departures, with its appraised value significantly reduced below its outstanding debt.

Amancio Ortega’s Ponte Gadea buying Sabadell Financial Center in Miami’s Brickell for $275M

3 days ago
Amancio Ortega's Ponte Gadea is poised to acquire the Sabadell Financial Center in Miami's Brickell for approximately $275 million, potentially marking the biggest office sale in South Florida this year.

Judge rejects REBNY’s latest request to halt FARE Act

3 days ago
A federal judge denied REBNY's request to halt New York City's FARE Act requiring landlords to pay broker fees while its appeal is pending, stating that the group has not shown a strong likelihood of success.

Los Angeles city planners give blessing to DTLA mixed-use complex

3 days ago
The Los Angeles City Planning Commission has approved Jade Enterprises' proposal for the South Park Towers project in Downtown Los Angeles, featuring a hotel, residential units, and commercial space.

Archdiocese enlists Live Nation for historic Buenos Aires venue renovation

3 days ago
Luna Park, a historic stadium in Buenos Aires owned by the Catholic Church, is set to undergo a $34 million renovation led by DF Entertainment and Live Nation, with the goal of modernizing the venue while preserving its historic character.

New Jersey real estate influencer faces federal fraud charges

3 days ago
New Jersey real estate influencer Cesar Pina is facing federal charges for running a Ponzi-like scheme, laundering drug money, and bribing a local official.

Longpoint picks up grocery-anchored shopping center for $34M

3 days ago
Longpoint acquired a grocery-anchored shopping center in Miramar for $34 million, adding to their recent activity in South Florida's industrial and retail markets.

JLL taps Stream exec to straddle San Antonio, Austin divide

3 days ago
JLL appoints Lee McKenna to lead health care real estate operations in Central and South Texas, highlighting Texas expansion and coordination between Austin and San Antonio markets.

Lender alleges Chetrit Group not paying rent at HQ, endangering loan

3 days ago
Developers face potential foreclosure on Garment District office buildings due to unpaid rent and electricity bills.