Michael Stern’s projects flash signs of distress, but risk-taking developer has come back from crises and chaos before
Can he pull off his two remaining Miami developments?
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Commercial
National
JPMorgan plans to spend $750B through 2035 for housing initiative
Bank to finance 1M affordable units, aid homebuyers over next decade
Politics
Los Angeles
Bren’s Irvine Company gives to Dem’s Becerra for California governor
Late-July check was for $39K, general election max
Residential
National
Summer spotlight: Napa Valley, where brokers are prepping for the Bay Area wealth tsunami
Sunny vineyard destination draws San Francisco’s tech money out of the fog
Residential
South Florida
Worst is over for South Florida multifamily landlords
But challenges remain, including pipeline of 28K units
Commercial
Texas
Texas’ struggling syndicators score summer sales
Plus, Texas’ branded condo pipeline, Lincoln Property Company’s new fund and more Texas real estate news
Commercial
National
Scrutiny continues as NYC’s office-to-resi boom writes its next chapter
Plus, DOJ investigates Simad Holdings, Eric Adams finds a new role in real estate and more national real estate news this week
Politics
New York
Dark days lie ahead for New York, literally
Real estate will suffer if rolling blackouts become the norm
Brand Studio
Kick off the fall real estate event calendar in style with ARRA NY
Head to DUMBO on September 1
South Florida
TRD elevates Miami Real Estate Forum with new Subscriber Experience
TRD introduces an exclusive lounge, expedited entry and special ticket pricing for annual subscribers at South Florida’s premier real estate event
Vornado opts in at 350 Park Avenue office development
Roth says REIT will exercise option for 36% stake alongside Ken Griffin
New York’s for-profit affordable housing operators see trouble, survey says
Costs rising sharply and are unsustainable, operators report
Snapchat snaps up 200K sf sublease at Vornado’s Penn 2
Parent company’s deal represents one of July’s biggest deals
Mamdani’s need for SPEED gets spotlight at Bronx groundbreaking
Bronx development will test mayor’s new housing execution
Rudin’s 3 Times Square fills up top floors following improvements
Mediation company JAMS taking 55K sf at 30-story tower
Renovated Greenpoint townhouse scores peak neighborhood deal
Borough saw 16 contracts signed for a cooled $49M
Eichner, Suffolk go to war over Bay Harbor Island luxury condo project
After the GC sent notices alleging payments due, the developer hit back with lawsuit saying contractor “grossly mismanaged” construction
Walmart targets Florida’s fastest-growing city with 24-acre land buy
Minto Communities sold Palm Beach County land to retail giant
Transit Village ready to roll? BH, Related Group cleared to close on land
Developers claimed Palm Beach County tried to strong-arm them into a much higher price by blaming need to pay back federal grant
Hassan Whiteside’s Miami Beach mansion paces $110M week for Miami-Dade luxury contracts
Former Heat player’s home priced at $14.8 million was most-expensive to go under contract last week
Owning South Florida? Jessica Taylor leaves Serhant, joins Douglas Elliman
She’s now part of the Banyan Tree Residences West Palm Beach sales team
Rivani buys South Beach building that formerly housed China Grill
Trump Group owned office-retail property for over 25 years
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How OneRepublic's Ryan Tedder built a billion-dollar real estate side hustle
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Crescent Heights’ Kahn, luxe developer Nosrati back Bass as runoff nears
Challenger Raman scored less real estate money but added carpenters union to list of supporters
Newport Coast mansion in exclusive Crystal Cove sells for $39M
Sale marked the home’s first trade since the sellers built it in 2012
Bren’s Irvine Company gives to Dem’s Becerra for California governor
Late-July check was for $39K, general election max
As market for LA movie studios cool, more content creator space emerges
Changing cast of tenants includes podcasters, YouTubers and influencers in new media economy
Shopoff gets greenlight for 281-unit development in Buena Park
Industrial buildings to be demolished for townhomes, senior affordable housing
Residents across four CA cities trying to take back control of housing through ballot measures
Efforts in Menlo Park, Newport Beach and beyond test state law, risk triggering builder’s remedy
How Chicago skyscraper deals and misused Israeli bonds gave Mike Kohan financial cover
As the landlord went on a Loop office buying spree at massive discounts, regulatory filings allege millions in public bond proceeds were secretly diverted to private debts
La Caisse snags private equity firm’s office lease in move across Chicago River
Adams Street Partners departs 1 North Wacker for 46K sf deal at 120 South Riverside
Inland bets big on Senior Housing, pours $161M into acquisitions from Harrison Street
Harrison Street disposes two more senior living properties on the heels of $800M exit completed in April
L3 snags Mag Mile retail for $65M as Nuveen takes loss
Domenic Lanni’s firm picked up ground-floor space of landmark Palmolive Building property at a 28% discount from its 2012 trade
Illinois ranks near bottom in new home builds
With few permits issued and a blocked construction pipeline, the state’s housing market faces an ongoing affordability and supply crunch
Portion of downtown Chicago’s NBC Tower eyed for apartment conversion
Metropolis, the owner of the building, could create hundreds of units through the process
Residents across four CA cities trying to take back control of housing through ballot measures
Efforts in Menlo Park, Newport Beach and beyond test state law, risk triggering builder’s remedy
Alliance Residential sells San Jose senior living facility for $103M as Silicon Valley’s silver tsunami grows
American Healthcare REIT purchase joins other assisted living property sales across region over past year
Bren’s Irvine Company gives to Dem’s Becerra for California governor
Late-July check was for $39K, general election max
Affordable housing in Atherton? SB 79 brings polarizing townhome proposal to nation’s priciest zip code
AlphaX RE pitched 30-unit development for massive single-family lot near Menlo Park Caltrain stop
Sobrato splits apartment, townhome project into phases, secures Menlo Park planners approval
Developer placing townhomes on sidelines as Silicon Valley rents surge
Hillsborough manse on highly-sought-after street lists for $12M
Other listings in town include a potential price record-breaker and Bing Crosby’s former home
Scott Everett won’t quit multifamily syndication, even as passive-investing dream fades
Amid online storm, S2's founder looks to buy and restructure debt on some viable assets
Dallas Wings basketball team set to give beleaguered American Airlines Center temporary boost
Construction delays at the WNBA franchise’s Memorial Auditorium force team to temporarily call downtown arena home
Former NBA star Nick Van Exel’s MTV “Cribs” home back on the market for $12M following fraud-linked auction
After fetching $9M seven months ago, the renovated Houston mansion’s current owner is looking to take a $3M profit
Abilene apartment project lands construction financing as OpenAI’s Stargate gobbles city’s housing
Martin Inderman Development secured a $60M construction loan for the 312-unit plan
Texas’ top permits: Dallas’ Perot Museum lines up $90M expansion
TRD reports on Texas’ new construction filings: Week ending Aug. 3, 2026
Clock ticking for North Texas shopping center tenants to make way for new hockey destination
Retailers face an Aug. 31 deadline to clear out of Plano’s the Shops at Willow Bend as Dallas Stars’ pursue a $3B arena district
JPMorgan plans to spend $750B through 2035 for housing initiative
Bank to finance 1M affordable units, aid homebuyers over next decade
HOA foreclosures jump as associations tighten screws on delinquent owners
Rising insurance costs, depleted reserves fuel more aggressive collections
Housing Notes: Rockefeller’s lessons for real estate’s gatekeepers
Plus a look at the Manhattan homes of David’s heirs
What Compass International joining ARA means for upstart trade group
Two-year-old org nabs biggest membership win yet
Compass hits record $92M income in hot second quarter
Brokerage upped cash balances to almost $700M, likely assuaging investor concerns about debt load
Integrity Community Builders, PCCP team up in build-to-rent sector
Partners plan to spend $200M annually to develop properties nationwide
Avison Young’s troubles spill into UK court, expose cash crunch
Tax fight, looming litigation put pressure on global brokerage
Vancouver clears path for Holborn Group’s $2B sea sponge-inspired skyscraper
Plans for the city’s tallest tower still face years of development hurdles
Asia-Pacific housing investments triple over past decade to $21B: Knight Frank
2025 saw nearly 50% YoY increase in investment volume
AI real estate startup Dwelly raises $170M
Funding will support acquisitions of real estate businesses
Amancio Ortega seals largest European office deal in 4 years
Zara founder acquiring Paris complex for more than $900M
Prologis’ takeover saga of UK landlord Segro nears finale
Industrial REIT’s $18B “best and final offer” snags board support
National
U.S. construction spending slides for 11th straight month
Industry headwinds fuel 3.2% YoY decline in June, data centers soften blow
National
Builders up housing construction in Northeast
As Sun Belt markets cool, states like Massachusetts, Connecticut drive surge in new housing permits.
National
Multifamily oversupply pushes U.S. rental vacancies to a near-decade highs
A nationwide apartment building boom may finally give renters the upper hand
National
U.S. home sellers lower prices as market realities set in
Median list price falls 2.5% year-over-year in June, marking largest annual decline since 2017
New York
See which NYC properties could be hit with the pied-à-terre tax
TRD Data found nearly 19,200 condos and townhouses that could fall under the tax — far more than the city’s original estimates
National
“They need to move on with their life”: Deals closed in June at higher prices amid mixed market signals
Sales volume jumps to highest level since 2024, even as canceled deals rise
San Francisco
Residents across four CA cities trying to take back control of housing through ballot measures
Efforts in Menlo Park, Newport Beach and beyond test state law, risk triggering builder’s remedy
South Florida
Owning South Florida? Jessica Taylor leaves Serhant, joins Douglas Elliman
She’s now part of the Banyan Tree Residences West Palm Beach sales team
San Francisco
Hillsborough manse on highly-sought-after street lists for $12M
Other listings in town include a potential price record-breaker and Bing Crosby’s former home
National
Compass hits record $92M income in hot second quarter
Brokerage upped cash balances to almost $700M, likely assuaging investor concerns about debt load
Chicago
Portion of downtown Chicago’s NBC Tower eyed for apartment conversion
Metropolis, the owner of the building, could create hundreds of units through the process
South Florida
South Florida’s top deals: Homestead car dealer picks up Doral location for $23M
TRD reports the most important transactions for August 3, 2026
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Los Angeles
Shopoff gets greenlight for 281-unit development in Buena Park
Industrial buildings to be demolished for townhomes, senior affordable housing
South Florida
Rivani buys South Beach building that formerly housed China Grill
Trump Group owned office-retail property for over 25 years
Los Angeles
State pays $50M for 16-property portfolio near UCLA
University of California system has been adding real estate around Westwood campus in recent years
International
Avison Young’s troubles spill into UK court, expose cash crunch
Tax fight, looming litigation put pressure on global brokerage
Los Angeles
S3 buys Hyatt House near John Wayne Airport for less than 2018 price
Non-distressed hotel prices are down due to high insurance, labor, debt costs
Texas
Cousins boosts Endeavor’s future Austin HQ with $32M preferred equity investment
Investment comes as the Atlanta REIT offloads a Northwest Austin office property
Texas
Texas’ top permits: Dallas’ Perot Museum lines up $90M expansion
TRD reports on Texas’ new construction filings: Week ending Aug. 3, 2026
San Francisco
Sobrato splits apartment, townhome project into phases, secures Menlo Park planners approval
Developer placing townhomes on sidelines as Silicon Valley rents surge
Texas
Clock ticking for North Texas shopping center tenants to make way for new hockey destination
Retailers face an Aug. 31 deadline to clear out of Plano’s the Shops at Willow Bend as Dallas Stars’ pursue a $3B arena district
South Florida
Eichner, Suffolk go to war over Bay Harbor Island luxury condo project
After the GC sent notices alleging payments due, the developer hit back with lawsuit saying contractor “grossly mismanaged” construction
Texas
San Antonio mayor proposes new Spurs arena vote while development already in deep plans
Gina Ortiz Jones wants voters to weigh in on the $489M city contribution, even with $30M already invested in “Project Marvel”
Texas
Cousins boosts Endeavor’s future Austin HQ with $32M preferred equity investment
Investment comes as the Atlanta REIT offloads a Northwest Austin office property