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Top stories
 1.  OC home prices expected to fall by 11% as recession looms
 2.  Hermosa Beach home price record broken for second time in a month
 3.  Hochul shelves Vornado-led Penn Station megadevelopment
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 5.  LA office buildings trade for 43% less, biggest drop in the country
 6.  Prologis pays $3.1B for Blackstone industrial portfolio
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“Wolf of Airbnb” pleads guilty in short-term rental scheme
Fraud conviction carries up to a 20-year prison sentence
A photo illustration of the "Wolf of Airbnb” Konrad Bicher (Getty,
Twitter/KonradBicher)
Development
San Francisco
Jun 27, 2023


OXFORD CAPITAL SUBMITS BUILDER’S REMEDY PROJECT IN PALO ALTO

Apartments, townhomes and a hotel would total to 326 units

Commercial
New York
Jun 26, 2023


RICHARD OHEBSHALOM LOSES HOME, BUILDING IN SOHO

Scion of Empire Management facing myriad difficulties

Commercial
New York
Jun 26, 2023


RXR BOSS SCOTT RECHLER ON DISTRESS, MULTIFAMILY TROUBLES AND OPPORTUNITIES

New episode of Deconstruct now streaming on Apple, Spotify and more

Commercial
New York
Jun 26, 2023


SL GREEN SELLS OFF 245 PARK STAKE IN BREAKTHROUGH FOR OFFICE MARKET

Japanese firm Mori Trust buys 50% of Midtown office tower at $2B valuation

Commercial
New York
Jun 26, 2023


BARGAIN HUNTER EMPIRE CAPITAL CLOSES ON FIFTH AVENUE OFFICE BUILDING

Josh Rahmani and Ebi Khalili continue their acquisition spree

Commercial
New York
Jun 26, 2023


NIR MEIR HELD IN CONTEMPT OF COURT

Judge finds former HFZ exec defied court in “shell game” to escape creditor;
Meir vows to appeal

Development
Austin
Jun 26, 2023


GREYSTAR BEING SUED FOR WRONGFUL DEATH IN AUSTIN CONSTRUCTION ACCIDENT

Falling debris killed cyclist, lawsuit alleges “gross negligence”


NEW YORK

Commercial
New York
Jun 27, 2023


“WOLF OF AIRBNB” PLEADS GUILTY IN SHORT-TERM RENTAL SCHEME

Fraud conviction carries up to a 20-year prison sentence

Residential
New York
Jun 27, 2023


BROOKLYN HEIGHTS TOWNHOUSE LEADS BOROUGH’S LUXURY MARKET UPWARD

Home at 35 Remsen Street last asked $8.5M

Commercial
New York
Jun 26, 2023


RICHARD OHEBSHALOM LOSES HOME, BUILDING IN SOHO

Scion of Empire Management facing myriad difficulties

Politics
New York
Jun 26, 2023


HOCHUL SHELVES VORNADO-LED PENN STATION MEGADEVELOPMENT

State to focus on station redesign after Steve Roth’s firm said it’s pausing new
projects

Commercial
New York
Jun 27, 2023


I-SALES RECAP: SPRINGHOUSE PARTNERS TAKES LOSS ON GRAMERCY APARTMENTS

Eyal Ofer’s Global Holdings nabs Irving Place building for 45% off 2016 price

Commercial
New York
Jun 26, 2023


PLAZA HOTEL, MANHATTAN FOUR SEASONS COULD SOON REOPEN

Two iconic properties intertwined by dispute





SOUTH FLORIDA

Development
South Florida
Jun 27, 2023


RAM PROPOSES MIXED-USE PROJECT ON MOBILE HOME PARK SITE

Firm has 7-acre site under contract for undisclosed price

Development
South Florida
Jun 26, 2023


TERRA, LION PAY $40M FOR CONDO DEV SITE IN MIDTOWN MIAMI

Land deal breaks down to $25M per acre

Residential
South Florida
Jun 26, 2023


FORMER DODGERS PLAYER SELLS MIAMI BEACH SPEC HOME FOR $17M

Guerrero bought property for $3.1M in 2016

Commercial
South Florida
Jun 26, 2023


BANKRUPTCY JUDGE APPROVES $102M PURCHASE OF BANYAN CAY RESORT

Denver-based firm put in stalking horse bid that did not attract competing
offers

Residential
South Florida
Jun 27, 2023


FENDI CHÂTEAU CLOSING LEADS MIAMI-DADE WEEKLY CONDO SALES

Top 10 deals ranged from $1.8M to $19.8M

Commercial
South Florida
Jun 26, 2023


BLACKSTONE SELLS COLD STORAGE FACILITY FOR $43M

Investment giant sold industrial building for $374 psf




LOS ANGELES

Residential
Los Angeles
Jun 26, 2023


HERMOSA BEACH HOME PRICE RECORD BROKEN FOR SECOND TIME IN A MONTH

Platinum Equity Partner Johnny Lopez sells beachfront residence for $19.5M

Politics
Los Angeles
Jun 26, 2023


PRIME SCORES $947M LOAN ON PARK LA BREA COMPLEX  

Massive refi for California’s biggest apartment complex

Commercial
Los Angeles
Jun 26, 2023


LA OFFICE BUILDINGS TRADE FOR 43% LESS, BIGGEST DROP IN THE COUNTRY

As defaults and discounts mount, “we’re expecting to see more buildings
surrendered”

Residential
Los Angeles
Jun 26, 2023


OC HOME PRICES EXPECTED TO FALL BY 11% AS RECESSION LOOMS

Chapman University economists predicts mild downturn led by higher interest
rates

Commercial
Los Angeles
Jun 27, 2023


PACLIFE LISTS 243K SF OFFICE BUILDING IN ALISO VIEJO FOR $80M

Asking price for revamped facility in Summit Office Campus comes to $330K psf

Residential
Los Angeles
Jun 27, 2023


FIRE-SUPPRESSIVE MANSION IN CALABASAS ASKS $8.5M

Concrete house on 37 acres comes with a pool-fed sprinkler, firefighting team
and helipad




SAN FRANCISCO

Residential
San Francisco
Jun 26, 2023


TRACY MCLAUGHLIN RETURNS TO THE AGENCY

Marin County’s top luxury agent spent eight months at Engel & Völkers

Commercial
San Francisco
Jun 26, 2023


FORMER GOLDMAN SACHS EXECUTIVE ACQUIRES SJ WAREHOUSE FOR $38M

Silicon Valley industrial market’s strength fueled by data centers

Commercial
San Francisco
Jun 26, 2023


SF MAYOR LONDON BREED PITCHES SOCCER PITCH TO REPLACE WESTFIELD MALL

“We could even tear down the whole building and build a whole new soccer
stadium”

Residential
San Francisco
Jun 26, 2023


REDCO LOOKS TO BUILD 126 APARTMENTS IN SAN JOSE

Seven-story building would replace a liquor store and fitness center in Willow
Glen

Residential
San Francisco
Jun 27, 2023


DEVELOPERS TRIGGER “BUILDER’S REMEDY” FOR 6,400 HOMES IN BAY AREA

“Nuclear option” in state housing law impacts 34 proposed projects in region

Residential
San Francisco
Jun 27, 2023


RARE NON-RENT-CONTROLLED MULTIFAMILY IN SF FINDS BUYER IN EIGHT DAYS

900 Van Ness is the city’s first multifamily listed over $10M to go into
contract this year




CHICAGO

Politics
Chicago
Jun 26, 2023


WHY THE COOK COUNTY ASSESSOR’S HOME TAX VALUE WENT DOWN AS NEIGHBORS’ WENT UP

Assessment of Kaegi’s Oak Park home marked 5.3 drop in value, while nearby homes
increased 32 percent

Residential
Chicago
Jun 26, 2023


ONE BENNETT PARK UNIT CLOSES FOR $6.3M THREE YEARS AFTER OPENING

Completed in 2019, the building is one of few residential skyscrapers built in
the last five years

Commercial
Chicago
Jun 27, 2023


LOAN ASSUMPTION ALLURE: NOVAKOVIC SEEKS $34M FOR LA GRANGE PARK APARTMENTS

264-unit offering includes assumable debt

Commercial
Chicago
Jun 26, 2023


601W’S CIVIC OPERA OFFICE LOAN DIPS UNDER WATER

Appraisal cut below $151M loan balance

Residential
Chicago
Jun 26, 2023


BERKSHIRE RESIDENTIAL PUTS RIVER NORTH APARTMENT TOWER UP FOR SALE

CBRE hired to market the 32-story, 292-unit building

Residential
Chicago
Jun 26, 2023


SPNA HIT WITH LAWSUIT OVER GOLD COAST CONDO DECONVERSION

Family of Joseph Cacciatore alleges fraud, self-dealing while $51M in debt




TEXAS

Commercial
Houston
Jun 27, 2023


BASS PRO SHOPS BRINGS $25M STORE TO SPRING

Will be the Missouri-based retailer's fourth Greater Houston location

Development
Austin
Jun 26, 2023


GREYSTAR BEING SUED FOR WRONGFUL DEATH IN AUSTIN CONSTRUCTION ACCIDENT

Falling debris killed cyclist, lawsuit alleges “gross negligence”

Commercial
Texas
Jun 26, 2023


HISTORIC RENOVATION PROS ACQUIRE 17 BUILDINGS NEAR DALLAS’ FAIR PARK

400K sf portfolio comprises historic office buildings and loft apartments

Commercial
Houston
Jun 26, 2023


ALI CHOUDHRI BATTLES ROMSPEN OVER FORECLOSURE ATTEMPT ON GALLERIA OFFICE

Canadian real estate lender seeking $21M for note, interest and late charges

Development
Texas
Jun 26, 2023


HEMISFAIR PARK DEVELOPMENT CURTAILED AMID PUSHBACK FROM LOCALS

Downtown San Antonio site slated for 3-story retail and 10-story mixed-use
buildings

Development
Dallas
Jun 26, 2023


POLITICAL SCANDALS AND MARKET UPHEAVAL CAN'T KEEP CROW HOLDINGS DOWN

Michael Levy talks about his boss Harlan Crow and where his firm is placing its
bets




RESIDENTIAL

all markets
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 * Austin
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 * Dallas
 * Houston
 * Los Angeles
 * National
 * New York
 * San Francisco
 * South Florida
 * Texas
 * Tri-State

Residential
San Francisco
Jun 27, 2023


DEVELOPERS TRIGGER “BUILDER’S REMEDY” FOR 6,400 HOMES IN BAY AREA

“Nuclear option” in state housing law impacts 34 proposed projects in region

Residential
Los Angeles
Jun 27, 2023


FIRE-SUPPRESSIVE MANSION IN CALABASAS ASKS $8.5M

Concrete house on 37 acres comes with a pool-fed sprinkler, firefighting team
and helipad

Residential
San Francisco
Jun 27, 2023


RARE NON-RENT-CONTROLLED MULTIFAMILY IN SF FINDS BUYER IN EIGHT DAYS

900 Van Ness is the city’s first multifamily listed over $10M to go into
contract this year

Residential
South Florida
Jun 27, 2023


FENDI CHÂTEAU CLOSING LEADS MIAMI-DADE WEEKLY CONDO SALES

Top 10 deals ranged from $1.8M to $19.8M

Residential
New York
Jun 27, 2023


BROOKLYN HEIGHTS TOWNHOUSE LEADS BOROUGH’S LUXURY MARKET UPWARD

Home at 35 Remsen Street last asked $8.5M

Residential
Chicago
Jun 26, 2023


BERKSHIRE RESIDENTIAL PUTS RIVER NORTH APARTMENT TOWER UP FOR SALE

CBRE hired to market the 32-story, 292-unit building


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Commercial
Los Angeles
Jun 27, 2023


PACLIFE LISTS 243K SF OFFICE BUILDING IN ALISO VIEJO FOR $80M

Asking price for revamped facility in Summit Office Campus comes to $330K psf

Commercial
National
Jun 27, 2023


LAW FIRMS RENEWING 13% LESS OFFICE SPACE

Legal companies occupy 120M sf across the country

Commercial
Houston
Jun 27, 2023


BASS PRO SHOPS BRINGS $25M STORE TO SPRING

Will be the Missouri-based retailer's fourth Greater Houston location

Commercial
Chicago
Jun 27, 2023


LOAN ASSUMPTION ALLURE: NOVAKOVIC SEEKS $34M FOR LA GRANGE PARK APARTMENTS

264-unit offering includes assumable debt

Commercial
New York
Jun 27, 2023


I-SALES RECAP: SPRINGHOUSE PARTNERS TAKES LOSS ON GRAMERCY APARTMENTS

Eyal Ofer’s Global Holdings nabs Irving Place building for 45% off 2016 price

Commercial
South Florida
Jun 26, 2023


BLACKSTONE SELLS COLD STORAGE FACILITY FOR $43M

Investment giant sold industrial building for $374 psf




DEVELOPMENT

all markets
 * all markets
 * Austin
 * Chicago
 * Dallas
 * Houston
 * Los Angeles
 * National
 * New York
 * San Francisco
 * South Florida
 * Texas
 * Tri-State

Development
Los Angeles
Jun 27, 2023


ONNI REDUCES UNIT COUNT TO 600 AT LONG BEACH APARTMENT PROJECT

Marina Shores ranks among the city’s most significant rental developments

Development
South Florida
Jun 27, 2023


RAM PROPOSES MIXED-USE PROJECT ON MOBILE HOME PARK SITE

Firm has 7-acre site under contract for undisclosed price

Development
Texas
Jun 26, 2023


HEMISFAIR PARK DEVELOPMENT CURTAILED AMID PUSHBACK FROM LOCALS

Downtown San Antonio site slated for 3-story retail and 10-story mixed-use
buildings

Development
South Florida
Jun 26, 2023


TERRA, LION PAY $40M FOR CONDO DEV SITE IN MIDTOWN MIAMI

Land deal breaks down to $25M per acre

Development
New York
Jun 26, 2023


DEVELOPER RICHARD RAVITCH DIES AT 89

HRH boss helped city avoid bankruptcy, led MTA and served as lieutenant governor

Development
Dallas
Jun 26, 2023


POLITICAL SCANDALS AND MARKET UPHEAVAL CAN'T KEEP CROW HOLDINGS DOWN

Michael Levy talks about his boss Harlan Crow and where his firm is placing its
bets


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