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The Real Deal is the premier real-estate news outlet in the US, reaching millions of professionals daily through digital, print, social media and events. Readers turn to us for breaking news, market intelligence, custom research, proprietary rankings, deal analysis, profiles, trends and much more. We have received more than 50 awards for editorial excellence over the past 5 years, including the General Excellence award from the Society of Business Writers and Editors.

Amancio Ortega may be about to make Chicago office history. The Zara founder is reportedly nearing a deal to buy 1 North...
06/24/2026

Amancio Ortega may be about to make Chicago office history. The Zara founder is reportedly nearing a deal to buy 1 North Wacker from billionaire Donald Bren's Irvine Company in what could become the city's largest post-pandemic office sale.

Read more at the link in comments.

Measure ULA may have met its match. A California bill moving through the Legislature would cap local transfer taxes at 1...
06/24/2026

Measure ULA may have met its match. A California bill moving through the Legislature would cap local transfer taxes at 1.5%, potentially overriding Los Angeles’ controversial "mansion tax" and reshaping how cities fund affordable housing.

The proposal comes as ULA surpasses $1 billion in revenue and begins deploying hundreds of millions into housing projects.

Read more at the link in comments.

Bedford-Stuyvesant is getting a new Kosher grocer.The holding company for tri-state grocer chain Bingo Wholesale bought ...
06/24/2026

Bedford-Stuyvesant is getting a new Kosher grocer.

The holding company for tri-state grocer chain Bingo Wholesale bought a three-parcel Brooklyn development site for $50 million. Though it’s unclear when the planned grocery store will open, the site is located near a site that’s slated for redevelopment to host 560 apartments and three yeshivas.

Learn more about the deal via the link in the comments.

Camp Mystic – the site of last summer’s July 4 flash flood tragedy in Texas’ Hill Country that killed 25 young girls and...
06/24/2026

Camp Mystic – the site of last summer’s July 4 flash flood tragedy in Texas’ Hill Country that killed 25 young girls and two camp counselors – filed for Chapter 11 bankruptcy.

Other entities affiliated with the Mystic Camps Family Partnership submitted filings as well.

This comes after an investigation found that the camp did not adequately prepare for nor respond to the floods, violating state laws. The camp withdrew applications to re-open earlier this year.

Bankruptcy filings indicate that the camp’s assets are valued between $100,000 and $500,000, with liabilities pegged between $10 million and $50 million.

Get the full story via the link in the comments.

06/24/2026

The legislative lead at REBNY has resigned, after being caught removing and disposing of campaign signs for NY-12 Congressional candidate Jack Schlossberg on Tuesday.

Dev Awasthi served as the real estate group’s vice president of New York City legislative affairs since October 2024. Awasthi was seen trashing the Schlossberg signs located near Third Avenue and 32nd Street, just a mile from REBNY’s Midtown office.

Commenting on the incident, REBNY Senior Vice President and General Counsel Carl Hum said, “these actions are completely inappropriate and this behavior does not meet the standards we expect from our employees.”

Get the full story via the link in the comments.

Austin’s top residential agent just bought a $9 million listing with a backstory: a governor-linked Pemberton Heights ma...
06/24/2026

Austin’s top residential agent just bought a $9 million listing with a backstory: a governor-linked Pemberton Heights mansion, a rival broker’s complaint and a luxury-market feud regulators found troubling — but declined to discipline.

Tap the link in comments for the full story.

A bipartisan housing bill was hours away from becoming law. Then Trump pulled the plug on the signing ceremony. Now one ...
06/24/2026

A bipartisan housing bill was hours away from becoming law. Then Trump pulled the plug on the signing ceremony. Now one of Washington’s biggest housing wins is in limbo.

Read more at the link in comments.

06/24/2026

In San Francisco, a vacant home can be worth far more than an occupied one. A new wrongful death lawsuit alleges that incentive sat at the center of a deadly landlord-tenant dispute.

Read more at the link in comments.

Universal Music is turning up the volume on Texas real estate. The label giant is making its first U.S. hospitality play...
06/24/2026

Universal Music is turning up the volume on Texas real estate. The label giant is making its first U.S. hospitality play with a $2.3M-and-up branded condo play near Austin — complete with recording studios, performance venues and a 10,000-seat amphitheater.

But the site has already struck a sour note with locals. Read more at the link in comments.

Gov. Ron DeSantis’ property tax proposal has been a hot topic in Florida real estate. But it also may have constitutiona...
06/23/2026

Gov. Ron DeSantis’ property tax proposal has been a hot topic in Florida real estate. But it also may have constitutional holes.

Under the governor’s plan, new Florida residents would have to wait five years before qualifying for a proposed homestead tax exemption. DeSantis said he added the clause to appeal to voters frustrated by the state’s population growth. But the provision could be considered discriminatory – especially given similar rulings under the state’s Supreme Court.

Dive into what this could mean for DeSantis’ proposed homestead tax exemption via the link in the comments.

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