How big a trophy? Waldorf Astoria’s post-reno sale could set bar for NYC hotel market
Despite likely loss for Chinese owner, $1B-plus trade would test investor appetite for ultra-luxury assets
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Politics
New York
How Mamdani cut $78B from housing plan, yet added units
Mayor pivots from unrealistic campaign promise to investor-driven development
Commercial
New York
Inside Mark Nussbaum, Riverside’s alleged fraudulent flip business
The pair used charities to conceal kickbacks from illegal property flips, lawsuit alleges
Development
Philadelphia
Michael Levitt, affordable housing pioneer, dies at 94
Camden-based Michaels Organization is a leader in the sector
Commercial
New York
Haruvi family company files for bankruptcy, affecting nearly 500 apartments
Simry Realty was unable to refinance after litigation from daughter Michelle Haruvi
Commercial
National
LISTEN: Inside David and Michael Shabsels’ summer camp empire
“Deconstruct” podcast is live on Apple Podcasts, Spotify and more
Commercial
San Francisco
Ken Mattson fraud case moves toward trial as victims await their day in court
A judge ordered both sides to negotiate a trial schedule after prosecutors sought a November start and the defense argued for a delay until summer 2027
Commercial
New York
Chetrits face more distress in the Financial District
Standard Oil Building at 26 Broadway transferred to special servicing
Brand Studio
The operator is the asset: how Charney Management is redefining property management
Bringing an owner's POV
Commercial
Texas
Monty Bennett's Ashford secures $480M payout in Braemar divorce, spurring self-dealing claims
Dallas hotelier steps down as REIT tries to liquidate 14 hotels
Ex-Christie’s tri-state affiliate accused of withholding commissions
Firm denies claims of pervasive payment issues from agents, lawsuit
NY AG James sues landlords in rent stabilization compliance crackdown
Two Brooklyn owners are first to face de facto rent stabilization enforcement
Chicago law firm signs 150K sf lease at 343 Madison
The new agreement has brought BXP’s development to 56% pre-leased.
NYC unveils fund for supportive housing preservation
Program part of larger $1B Mamdani program, aims to preserve some of NY's supportive housing stock
“Podfather” drops $17M at Extell’s Lincoln Square tower
Former head of Apple’s iPod division Jon Rubinstein pays over asking for 3BR
Former architect sentenced for Gilgo Beach killing spree
Rex Heuermann receives life sentence without parole
“Nonsensical”: Miami-Dade votes to pursue Fisher Island site via eminent domain
Commission vote related to identifying land county plans to acquire
Broward County drops pursuit of Spirit Airlines Dania Beach HQ
Commissioners withdrew a motion to bid on building over zoning concerns
“Corporate greed”: Ex-Lt Gov, Florida Rep sued over Miami-Dade land deal
Stephen Blumenthal sued Carlos Lopez-Cantera on behalf of investment partners, claiming they were misled about property’s value
WeatherTech, Oracle billionaires pay $67M for slices of neighboring Manalapan land
David MacNeil, Larry Ellison split up developer Stewart Satter’s 4-acre waterfront parcel once slated for record-setting megamansion
Kolter starts Delray Live Local rental project with $92M financing
Developer has over a half dozen apartment projects in South Florida pipeline
Bass Pro Shops rings up Cheeca Lodge resort in Florida Keys
Outdoor retailer acquired 27-acre property from Northwood Investors
Videos
How a Summer Camp Empire Raised $200M — Then Imploded Months Later
Why Realtors are walking away from NAR
This developer needs $187M in 3 days
How a Summer Camp Empire Raised $200M — Then Imploded Months Later | Deconstruct
🐝 Meet the Empire State Building's buzzy tenants
NYC's zombie protest backfired in real time
⚽ World Cup windfall or own goal for U.S. real estate?
Stephen Siegel on going from setback to CEO
How AI Is Changing Real Estate, PLUS: Are NYC's Billionaires' Row Towers Finished? | Deconstruct
Real estate CEO breaks down in court during manslaughter trial
Florida wants to end property taxes. Who pays instead?
Rats vs. Donna Karan: West Village store sues over infestation
Here's who wins in Mamdani's housing plan
Trump helped Paxton win. Can he do the same for Spencer Pratt?
Floyd Mayweather's real estate lawsuit explained, inside the RED Awards, and more | Deconstruct
CEO at 37, 1 hour to decide: Stephen Siegel on the phone call that changed his life
Inside the RED Awards, real estate's "Hustler's Ball"
How building real estate in California KILLED one of Euphoria's main characters | Reel Estate
Christie’s International Real Estate Group brings the Dominican Republic to NYC with Gran Cosón
Roy Stillman and Christie’s International Real Estate Group take you to The Atlantic Club Residences
Five new mansions hit market in elite Hidden Hills asking up to $40M
TDR Development completed five of 14 planned homes in gated LA County town
Former Douglas Elliman broker, “Rich Kids of Beverly Hills” star accused of $80M Ponzi scheme
Investors file flurry of fraud-based lawsuits from Palm Beach to London
Kanye West’s former Malibu home slated for foreclosure, again
Owner Belwood Investments filed for bankruptcy before March auction, which court ruled was in “bad faith”
Lender claims Elk Development owes $60M on Hollywood apartments
Construction loan issued 5 years ago falls into alleged default, developer faces foreclosure
Developers win over Planning Commission for Silver Lake apartments despite public backlash
LA city inching toward 457K unit housing goal by end of decade
LA city’s top construction permits: Week ending June 17, 2026
TRD reports on the top new permits in Los Angeles last week
Double-dipping: Walker & Dunlop alleges investor committed fraud to get inflated loans for West Side Chicago apartments
Lawsuits claim Chaim Bialostozky secured mortgages larger than acquisition costs through back-to-back, same day property sales, then allowed the buildings to deteriorate
Chicago developers list Fulton Market office opposite Google
Murphy and Creek Lane seek asset sale following PGIM loan maturity, retail eviction, and suburban office loss
Menashe doubles down on Chicago office rebound with $57M Loop buy
Firm acquired a 38-story tower at a steep markdown from its 2016 sale price, as investors hunt for upside near future Google office
Related nears marquee tenant for West Loop office tower
Sidley Austin is negotiating to occupy more than half of the proposed 45-story tower, a project conceived when Chicago’s office market was in retreat
West Dundee courts developers for Spring Hill Mall redevelopment
Village pitches 100-acre site for up to 1,300 residential units and 400K sf of retail
Brandon Johnson floats $425M taxpayer assist for Related Midwest’s The 78
TIF package for megaproject would fund infrastructure, parking and future development platform
Kalthia buys another distressed Bay Area hotel months after foreclosed loan sale
Hospitality distress across region continues to mount
$25M Pac Heights Victorian trades after less than two weeks on market
Tech buyer paid all-cash for the 149-year-old landmark as SF’s inventory hits a six-year low
Ken Mattson fraud case moves toward trial as victims await their day in court
A judge ordered both sides to negotiate a trial schedule after prosecutors sought a November start and the defense argued for a delay until summer 2027
SF office leasing activity rides AI wave to near 30-year high
Venture funding reached $252B this year, driving demand especially for move-in ready space
Silicon Valley rents to rise as much as 7% over the next year: CoStar
Multifamily vacancy tightens as AI-powered demand collides with limited supply
Dishelved San Jose site proposed for offices, then housing, falls into default
Nearly $7M delinquent loan joins growing list in South Bay city
Forget the Alamo, remember the “Dellionaires”: What SpaceX’s IPO means for Texas real estate
Millionaires in the Rio Grande Valley and Austin are expected to upgrade digs
Fairmont Austin’s $430M CMBS loan flagged for special servicing amid foreclosure flurry
Austin’s biggest hotel faces distress as The Line and Hyatt Centric go back to lenders
Scion of America’s biggest ranch sells historic Houston home
King Ranch honcho’s River Oaks property ranked among city’s priciest May sales
Monty Bennett’s Ashford leads bid for bankrupt River Walk hotel amid Braemar divorce
REIT bid $32M, while GrayStreet waits in the wings after flood damage and mounting claims sank the Marriott redevelopment
Morgan Stanley eyes central Dallas site for office tower
Possible project follows wave of corporate departures
Compass expands Austin office space amid recruitment campaign
Lease follows brokerage coup that added 100 agents to Texas roster
CoStar hit with another antitrust lawsuit, alleging price-fixing of commercial rents
Five CRE brokerages also accused of “hub-and-spoke” conspiracy
Philadelphia
Michael Levitt, affordable housing pioneer, dies at 94
Camden-based Michaels Organization is a leader in the sector
LISTEN: Inside David and Michael Shabsels’ summer camp empire
“Deconstruct” podcast is live on Apple Podcasts, Spotify and more
The World Cup has arrived. Which real estate markets are cashing in?
Plus, a collapsed summer camp empire, a manslaughter trial in South Florida and more national real estate news this week
Rockpoint, LCOR plot historic 299-unit resi complex in Georgetown
Redevelopment marks DC enclave’s largest project in more than a century
Fed’s real estate portfolio needs more than $25B of maintenance
Dozens of properties need at least $100M each in repairs
Directors attached to UK’s Godwin Group hit with £155M suit
£162M investment into property-backed loan notes may not be fully recovered
Blackstone eyeing Canadian REIT acquisition
Takeover negotiations for H&R involving TPG, Crestpoint previously collapsed
AHS Properties pays $300M for Dubai Shangri-La
Developer adds to central Dubai portfolio
London luxury boom rolls on with another $200M sale
Regent’s Park mansion trades hands for 40% markup after 18 months
Malaysia, Australia emerge as Asia-Pacific’s biggest data center growth hotspots: CBRE
APAC data center investment soared to record high of nearly $12B in 2025
Albanian PM backs Kushner’s $5B resort despite environmental protests
Opposition grows as activists challenge development in protected coastal habitat
National
DOGE promised lease cuts. The federal rent bill barely budged.
Government’s annual rent bill has remained effectively unchanged
Chicago
Chicago housing approvals on track to increase this year
National
Sinking in debt: the number of underwater homes in the US reached 2 million
It surged 15% year-over-year in the first three months of 2026.
National
Home ownership is a better financial move after six years
Despite high entry costs, a new Zillow report finds that buying a home beats renting
Texas
As listings pile up, DFW home prices keep falling
Across the Metroplex, median sale price dropped 1.7%
National
The housing split: single-family down, apartments up
Permitting for houses decreased in every market for the first time since 2023.
Los Angeles
LA city’s top construction permits: Week ending June 17, 2026
TRD reports on the top new permits in Los Angeles last week
New York
“Podfather” drops $17M at Extell’s Lincoln Square tower
Former head of Apple’s iPod division Jon Rubinstein pays over asking for 3BR
Los Angeles
Five new mansions hit market in elite Hidden Hills asking up to $40M
TDR Development completed five of 14 planned homes in gated LA County town
Texas
Compass expands Austin office space amid recruitment campaign
Lease follows brokerage coup that added 100 agents to Texas roster
Los Angeles
From “Batman” to “Bridesmaids”: Famed Pasadena mansion hits market for $32M
Tudor-revival manse listed at 56% increase from 2025 sale price
New York
Ex-Christie’s tri-state affiliate accused of withholding commissions
Firm denies claims of pervasive payment issues from agents, lawsuit
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Deconstruct is the only podcast that brings you all the news you need to know about real estate. Hosts Lilah Burke and Hannah Kramer take you inside the largest real estate-focused newsroom in the country to explain the biggest issues in the industry today.
Los Angeles
Developers win over Planning Commission for Silver Lake apartments despite public backlash
LA city inching toward 457K unit housing goal by end of decade
San Francisco
Silicon Valley rents to rise as much as 7% over the next year: CoStar
Multifamily vacancy tightens as AI-powered demand collides with limited supply
Texas
Morgan Stanley eyes central Dallas site for office tower
Possible project follows wave of corporate departures
Los Angeles
LA city’s top construction permits: Week ending June 17, 2026
TRD reports on the top new permits in Los Angeles last week
San Francisco
Dishelved San Jose site proposed for offices, then housing, falls into default
Nearly $7M delinquent loan joins growing list in South Bay city
South Florida
Bass Pro Shops rings up Cheeca Lodge resort in Florida Keys
Outdoor retailer acquired 27-acre property from Northwood Investors
South Florida
Kolter starts Delray Live Local rental project with $92M financing
Developer has over a half dozen apartment projects in South Florida pipeline
National
Rockpoint, LCOR plot historic 299-unit resi complex in Georgetown
Redevelopment marks DC enclave’s largest project in more than a century
Chicago
West Dundee courts developers for Spring Hill Mall redevelopment
Village pitches 100-acre site for up to 1,300 residential units and 400K sf of retail
Chicago
Brandon Johnson floats $425M taxpayer assist for Related Midwest’s The 78
TIF package for megaproject would fund infrastructure, parking and future development platform
South Florida
Inside litigation surrounding Singer Island condo-hotel
Unit owners have raised claims of shoddy construction and allegedly broken promises, which developer denies
South Florida
Kushner, Cain pay $43M for Edgewater site amid apartment rent-growth predictions
Project is first under joint venture between heavy hitters