The Real Deal

12/23/2025

The 2026 World Cup hasn’t kicked off, but Inglewood's Airbnb market already has. Six months out, hosts near SoFi Stadium are seeing a surge: the average booked rate in L.A. for the U.S. team’s opener is up 56 percent, and 70+ percent of Inglewood listings are already booked, with nightly prices up 58 percent, according to the Los Angeles Times citing AirDNA.

And the sticker shock is real: one single-family home across from SoFi is asking $10,000+ for two nights, vs. roughly $1,000 on a typical weekend.

Read the full story at the link in comments for what this means for hotels, landlords, and the next big test: L.A. 2028.

12/23/2025

New York City’s chain-store count is still slipping, even as storefront vacancies remain tight. National retailers across the five boroughs fell 1.3% over the past year, a net loss of 112 locations, according to the Center for an Urban Future’s 2025 “State of the Chains” report.

The pullback is being driven by familiar giants: Starbucks, Old Navy, Staples, Duane Reade and others are shrinking their footprints. But demand hasn’t disappeared — it’s shifting. Food-and-beverage chains now account for 55.8% of all chain locations, with fitness concepts also on the rise.

Read the full story at the link in comments for the winners, losers in this NYC retail real estate reshuffle.

12/23/2025

A sprawling mansion in an elite Silicon Valley enclave has hit the market for the first time: Villa de Verano, a Lake Como-inspired estate on 12+ acres in Hillsborough, is listed for $88 million.

Built in 2013 for private equity investor Ted Kruttschnitt and his wife, it pairs pedigree design with resort-grade amenities—including a 2,100-gallon saltwater aquarium, theater, gym, tennis court and sweeping gardens.

If it trades near ask, it could reset Hillsborough’s record. Go inside the listing at the link in comments.

12/23/2025

The Setai is going Caribbean. The Nakash family is partnering with Toronto-based Altree Developments to transform Vie L’Ven St. Maarten into The Setai St. Maarten—a 205-key resort with private villas, now under construction and aiming for 2028 completion.

Amenities will include a butler-served beach club, three pools, a 30,000-square-foot spa, tennis + pickleball, and five dining concepts.

Get the full details at the link in comments.

12/23/2025

Miami real estate’s “ethics” circuit just got an ugly plot twist. Andreina Monserratte, a compliance-and-training fixture, was arrested on felony organized fraud and grand theft charges—accused of rerouting a home inspection firm’s Zelle payments into her own accounts and pocketing $89,000, per an arrest report.

The full story has the alleged mechanics, timeline, and fallout. Read it at the link.

Andreina Monserratte, a well-known real estate brokerage consultant in Miami-Dade County, is accused of embezzling $89,000 from a home inspection company.

12/23/2025

Who'd invest in a neighborhood so dumb its name is literally DUMBO? As it turns out, a whole lot of people.

In 1978, artists renamed the mostly abandoned Brooklyn waterfront in effort to ward off gentrification. That didn't work out the way they'd planned. Over the last fifty years the former industrial zone, then an artist haven, has transformed into one of New York City's most interesting – and most expensive – neighborhoods. The Real Deal went on location down under the Manhattan Bridge Overpass to find out how it happened.

Watch the full walking tour of DUMBO: https://youtu.be/j7CNwSABNAo

12/22/2025

Los Angeles-based landlord Jamison reportedly turned away Section 8 voucher holders at its properties, according to nonprofit publication Capital & Main. If true, that would be a violation of state law, which prohibits such discrimination.

Jamison, led by Jamie Lee, denies it, saying its management teams “accept and welcome” voucher tenants and calling the report “wrong and/or misleading,” without citing specific errors.

Capital & Main says its testers contacted leasing agents at 21 Jamison properties from late 2024 to early 2025: agents at 15 allegedly said vouchers weren’t accepted, while others cited screening hurdles or went quiet. The outlet also reports that only one Section 8 tenant moved into a Jamison property from 2021–2024.

Get the full story at the link in comments.

12/22/2025

Moshe Silber, once at the center of a sweeping commercial mortgage fraud case, is out of prison and into a New York halfway house, records show. He’s still under federal supervision, with a release date listed as January 2027 — and he’s already drawing cheers online.

Get the details and what’s next at the link in comments.

12/22/2025

Wall Street is going residential at record scale. InterVest Capital Partners and Nathan Berman’s Metro Loft Management just locked in a $779M financing package — the city’s largest office-to-resi deal — to transform 111 Wall Street into 1,568 apartments, with about 25 percent affordable.

Big-name lenders are in. Big housing math, too.

Read the full story (and the fine print) at the link in comments.

12/22/2025

Miami’s Design District may be getting one of New York’s hardest tables. Cult West Village steakhouse 4 Charles Prime Rib is reportedly planning a 2026 outpost in the neighborhood, taking over a space once backed by David Grutman and Pharrell Williams. Get all the details at the link in comments.

12/22/2025

Steve Ross, the billionaire focused on turning West Palm Beach into a financial and tech business mecca, scored a record $772 million construction financing package for two office projects.

The deal is the biggest known construction loan ever in South Florida, and likely statewide.

It comes amid looming questions about the long-term health and success of the tri-county region’s office market. Size up the loan and the state of the market at the link in comments.

12/21/2025

Bill Pulte’s FHFA cleaned house at the government-sponsored enterprises this year. Now, it's found a leader to bring Freddie Mac into its next era.

Former Deloitte executive Kenny M. Smith will take the reins from interim CEO Michael Hutchins, the mortgage giant announced this week. Smith spent nearly 30 years at the major consulting firm and over a decade at Wells Fargo.

The move comes at a critical time for the agency. The Trump administration is reportedly pursuing an initial public offering for Freddie and its sister GSE Fannie Mae. Fannie and Freddie underpin nearly half of all U.S. mortgages, so any misstep could ripple through housing markets and consumer borrowing.

Prominent figures in finance, like Pershing Square chief Bill Ackman, have urged the administration to slow its roll.

Where do you stand on the Fannie & Freddie IPO? Let us know in the comments, and read the full story at the link.