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Magazine
Texas
How a high-yield lender fell apart in alleged Ponzi scheme
CCG's questionable practices may have led to its unraveling last year. But its spurned investors are on the attack to reclaim their losses
Commercial
South Florida
Owner of Trump's former DC hotel loses its second property in a week
On Monday, CGI Merchant surrendered the DC spot. On Friday, it lost a Miami hotel to lender Madison Realty Capital
Residential
National
Official exodus: Miami, New York agents depart brokerage tainted by allegations against co-founders
Lauren Fitzpatrick Weitz, Jennifer Goldstein among brokers who left Side-backed firm
Politics
New York
Board meeting only deepens mystery over plans for key Pacific Park site
Building once proposed for P.C. Richard and former Modell's caught up in developer changeover
Magazine
New York
Riverside Abstract’s dedication to client service may have gone too far
In just over a decade the firm became one of the largest title insurers in the tri-state area, but its strategy to get there became a problem
Commercial
Texas
Ackman weighs Howard Hughes take-private after Seaport spinoff
Activist investor’s firm already owns about 38 percent of Houston-based master-planned community developer
Commercial
New York
Rabbi v. rabbi co-founders fight over control of YJP business network, building
Behind the scenes of nasty legal battle between Naftali Rotenstreich and Shaya Lesches
Residential
National
“The whole market is on the edge of its seat”: Residential real estate eyes long-awaited Fed cut
Interest rates moves could loosen inventory, pressure mortgage rate decline
Aug 9, 2024
The Daily Dirt: Should taxpayers subsidize a 37% vacant office building?
Dennis Friedrich, Ric Clark seek break from Nassau County to buy aging RXR property
Aug 8, 2024
Chetrit dishes dirty details of Parkhill City foreclosure in counterclaims
Developer claims lender “sabotaged” project, lender alleges eight uncured defaults
Aug 8, 2024
Co-working firm Jay Suites snaps up Midtown building for $35M
Class B office property traded for $250 psf
Aug 8, 2024
Rabbi v. rabbi co-founders fight over control of YJP business network, building
Behind the scenes of nasty legal battle between Naftali Rotenstreich and Shaya Lesches
Aug 8, 2024
Lender takes over Fortress and L&L’s TSX Broadway after default
Goldman Sachs hands off management to SL Green
Aug 8, 2024
The Daily Dirt: These City Council bills are drawing concern from industry players
Maximum temperature in rentals, hotel licensing requirements — what’s next?
Aug 9, 2024
Billionaire Larry Ellison buys Eau Palm Beach Resort in Manalapan
Deal comes two years after buyer paid a record $173M for resi compound in the same town
Aug 9, 2024
Owner of Trump's former DC hotel loses its second property in a week
On Monday, CGI Merchant surrendered the DC spot. On Friday, it lost a Miami hotel to lender Madison Realty Capital
Aug 9, 2024
Judge dismisses sex abuse lawsuit against Palm Beach developer
Daughter of E. Llwyd Ecclestone Jr. alleged in 2017 lawsuit that he molested her when she was a child
Aug 9, 2024
Alan Miller sells oceanfront Manalapan house for $18M
Billionaire downsized to waterfront Admirals Cove house in Jupiter for $14M
Aug 11, 2024
The Weekly Dirt: Miami’s condo-hotel boom a bust for buyers in the long run?
Brokers are overselling projected income for short-term, rental-friendly condos
Aug 9, 2024
Broward condo sales drop in July to $261M
Yet, the number of closings rose to 824 from 808 in June
Aug 9, 2024
Keeping Tabs on Santa Monica’s Resi Market
Los Angeles agents talk market dynamics of beach city’s residential sector
Aug 9, 2024
Kurt Rappaport to roll out $300M estate listing in Malibu
If star broker gets that price, it would shatter state and U.S. records for the priciest home
Aug 9, 2024
Lincoln Property plans senior housing high-rise in Westwood
Developer to demolish 40-unit multifamily to build 164 new apartments
Aug 9, 2024
Big Lots to close 75 stores in California, many in SoCal
Discount retailer cites “macroeconomic challenges” behind a drop in sales
Aug 9, 2024
Judge OKs Leo Pustilnikov’s purchase of 17 Skid Row buildings
Builder’s remedy pioneer to pay $10M for 1,200 units of homeless housing in DTLA
Aug 8, 2024
Orange County joins the trillion-dollar housing club
Collective residential values jump 12% to $1.11T, joining LA and six other markets
Aug 9, 2024
Kylli loses SF office tenant as $350M loan deadline looms
Sunrun pulls HQ from former Standard Oil building, leaving property 60% vacant
Aug 9, 2024
French-born baker buys the Phoenix Hotel property in SF for $9M
“Rock ‘n’ roll” hotel ground lease ends in 2025, so new owner Michel Suas has options
Aug 8, 2024
Cannae and Blue Vista defy market, sell San Jose office at a profit
Joint venture sells building to SoCal investor for $64M, or 28% more than it paid in 2021
Aug 8, 2024
San Francisco sues landlord for dividing home into “unsafe units”
City attorney: “Greed overpowered basic human decency” at Bayview property
Aug 7, 2024
B3 Commercial invokes builder’s remedy for San Jose apartments
Project moves ahead to replace former Planned Parenthood clinic with 138 units
Aug 7, 2024
Two San Francisco office properties trade at fire-sale discounts
Deals by Ellis, Flynn and Fountainhead fall roughly in the $300 psf range
Aug 9, 2024
Illinois’ most-expensive listing is this Winnetka estate asking $35M
Price for 1920s home on Lake Michigan would be loss for sellers Muneer Satter and Kristen Hertel
Aug 9, 2024
Shangxuan Tan accuses business partner of plotting to oust him from Chicago student housing firm
Head of OC Ventures sues his firm’s CIO Shaofan Zhang as a lender closes in on historic Chicago apartment building amid a $52M sale negotiation
Aug 8, 2024
Deutsche Bank seizes Wacker Drive office tower after sale falls apart
After tequila magnate pulls out of purchase, Chicago-based Golub, Boston-based Alcion surrender 300 South Wacker to lender
Aug 8, 2024
Tiff with school districts could upset Winfield multifamily plans
Synergy Construction Group wants tax increment financing for 147-unit project
Aug 9, 2024
Chicago blocks demolition of Motor Row building, angering owner
Randy Shifrin planned to build affordable senior housing on site, says he wasn’t informed of Landmarks Commission meeting
Aug 9, 2024
Local developers sign Moxies restaurant to major retail overhaul
Canadian restaurant to open first Chicago location in Newberry Plaza
San Antonio
Aug 9, 2024
Vantage selling recently built apartments across Texas amid unsteady deal flow
Properties lie outside Houston, Austin, San Antonio
Aug 8, 2024
Ackman weighs Howard Hughes take-private after Seaport spinoff
Activist investor’s firm already owns about 38 percent of Houston-based master-planned community developer
Dallas
Aug 9, 2024
Duncanville multifamily returns to lender at foreclosure auction
Lender Orix gets property in $24M credit bid; robust multifamily investment in DFW since 2010s now showing signs distress
Aug 1, 2024
How a high-yield lender fell apart in alleged Ponzi scheme
CCG's questionable practices may have led to its unraveling last year. But its spurned investors are on the attack to reclaim their losses
Fort Worth
Aug 9, 2024
Sundance Square stunted as the rest of downtown Fort Worth thrives
Tenants blame billionaire owners Ed and Sasha Bass for district’s decline
Houston
Aug 9, 2024
Houston residential real estate is all about the master plan
Metro accounts for nearly a quarter of nation’s master-planned community home sales, driven by D.R. Horton, Johnson Development, Howard Hughes
Aug 8, 2024
Department stores dwindle as owners seek mass repositioning, redevs
Independent brick-and-mortars winners in retail resurgence
Aug 8, 2024
Syndicator lender Ready Capital unloads problem loans for cents on the dollar
Executives say multifamily has bottomed, but won’t cut loss reserves
Aug 7, 2024
Rich Barton out as Zillow CEO
Company announces new chief as it posts sixth consecutive loss
Aug 8, 2024
Official exodus: Miami, New York agents depart brokerage tainted by allegations against co-founders
Lauren Fitzpatrick Weitz, Jennifer Goldstein among brokers who left Side-backed firm
Aug 11, 2024
Office building tax assessments soar amid shrinking sales values
City assessed values up $2.5 billion as vacancies climb to 25%
Charlotte
Aug 9, 2024
Peebles pins floundering development on interest rates
$700 million Brooklyn Village development has sat on the board for eight years
Chicago
Aug 9, 2024
Illinois’ most-expensive listing is this Winnetka estate asking $35M
Price for 1920s home on Lake Michigan would be loss for sellers Muneer Satter and Kristen Hertel
South Florida
Aug 9, 2024
Alan Miller sells oceanfront Manalapan house for $18M
Billionaire downsized to waterfront Admirals Cove house in Jupiter for $14M
Los Angeles
Aug 9, 2024
Judge OKs Leo Pustilnikov’s purchase of 17 Skid Row buildings
Builder’s remedy pioneer to pay $10M for 1,200 units of homeless housing in DTLA
National
Aug 9, 2024
Mortgage rates drop to lowest level in more than a year
Average rate on a 30-year fixed mortgage at 6.5%, lowest since May 2023
Los Angeles
Aug 9, 2024
Kurt Rappaport to roll out $300M estate listing in Malibu
If star broker gets that price, it would shatter state and U.S. records for the priciest home
Los Angeles
Aug 9, 2024
Keeping Tabs on Santa Monica’s Resi Market
Los Angeles agents talk market dynamics of beach city’s residential sector
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National
Aug 11, 2024
Office building tax assessments soar amid shrinking sales values
City assessed values up $2.5 billion as vacancies climb to 25%
Chicago
Aug 9, 2024
Chicago blocks demolition of Motor Row building, angering owner
Randy Shifrin planned to build affordable senior housing on site, says he wasn’t informed of Landmarks Commission meeting
Fort Worth
Aug 9, 2024
Sundance Square stunted as the rest of downtown Fort Worth thrives
Tenants blame billionaire owners Ed and Sasha Bass for district’s decline
Chicago
Aug 9, 2024
Local developers sign Moxies restaurant to major retail overhaul
Canadian restaurant to open first Chicago location in Newberry Plaza
San Francisco
Aug 9, 2024
French-born baker buys the Phoenix Hotel property in SF for $9M
“Rock ‘n’ roll” hotel ground lease ends in 2025, so new owner Michel Suas has options
San Francisco
Aug 9, 2024
Kylli loses SF office tenant as $350M loan deadline looms
Sunrun pulls HQ from former Standard Oil building, leaving property 60% vacant
South Florida
Aug 11, 2024
The Weekly Dirt: Miami’s condo-hotel boom a bust for buyers in the long run?
Brokers are overselling projected income for short-term, rental-friendly condos
Fort Worth
Aug 9, 2024
Sundance Square stunted as the rest of downtown Fort Worth thrives
Tenants blame billionaire owners Ed and Sasha Bass for district’s decline
Houston
Aug 9, 2024
Houston residential real estate is all about the master plan
Metro accounts for nearly a quarter of nation’s master-planned community home sales, driven by D.R. Horton, Johnson Development, Howard Hughes
Charlotte
Aug 9, 2024
Peebles pins floundering development on interest rates
$700 million Brooklyn Village development has sat on the board for eight years
South Florida
Aug 9, 2024
Judge dismisses sex abuse lawsuit against Palm Beach developer
Daughter of E. Llwyd Ecclestone Jr. alleged in 2017 lawsuit that he molested her when she was a child
Chicago
Aug 9, 2024
Nitti’s Schaumburg dev denied by plan commission but still has legs
Village board could approve 357-unit multifamily project anyway