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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.

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Steve Witkoff's Witkoff Group and Len Blavatnik’s Access Industries are the new owners of the stalled XI condo project.T...
12/24/2021

Steve Witkoff's Witkoff Group and Len Blavatnik’s Access Industries are the new owners of the stalled XI condo project.

The real estate developers bought the twisting-tower luxury development at 76 11th Avenue in a foreclosure sale Thursday after its former owner, HFZ Capital Group, fell into financial ruin.

Link for all the details: https://bit.ly/32uTFGL

#TheRealDeal #RealEstateNews #NewYorkCity #Development

Steve Witkoff's Witkoff Group and Len Blavatnik’s Access Industries are the new owners of the stalled XI condo project.

The real estate developers bought the twisting-tower luxury development at 76 11th Avenue in a foreclosure sale Thursday after its former owner, HFZ Capital Group, fell into financial ruin.

Link for all the details: https://bit.ly/32uTFGL

#TheRealDeal #RealEstateNews #NewYorkCity #Development

A Bel Air vineyard once home to music legends Sly Stone and the Mamas and the Papas' John Phillips has found a buyer.The...
12/24/2021

A Bel Air vineyard once home to music legends Sly Stone and the Mamas and the Papas' John Phillips has found a buyer.

The 1.4-acre property at 783 North Bel Air Road went into contract with an asking price of $24 million. It was previously the site of a Tudor-style mansion, which was converted into a vineyard by late billionaire A. Jerrold Perrenchio for his Chartwell estate.

The property comes packaged with architectural plans from South African firm SAOTA for a 21,000-square-foot mansion. Swipe to see the planned estate, and tap the link for more: https://bit.ly/32ib8CB

#TheRealDeal #RealEstateNews #LuxuryRealEstate #BelAir #Development #CelebrityRealEstate

The nation's luxury housing market thrived this year like never before, as at least 40 homes sold for at least $50 milli...
12/24/2021

The nation's luxury housing market thrived this year like never before, as at least 40 homes sold for at least $50 million.

Homes sold at that threshold or higher increased 35 percent year-over-year, breaking the previous record set in 2020, according to data from Miller Samuel. The appraiser also recorded eight properties trading hands for at least $100 million.

Tap the link to learn about the priciest properties of the year: https://bit.ly/3J7zOyp

#TheRealDeal #RealEstateNews #LuxuryRealEstate

The nation's luxury housing market thrived this year like never before, as at least 40 homes sold for at least $50 million.

Homes sold at that threshold or higher increased 35 percent year-over-year, breaking the previous record set in 2020, according to data from Miller Samuel. The appraiser also recorded eight properties trading hands for at least $100 million.

Tap the link to learn about the priciest properties of the year: https://bit.ly/3J7zOyp

#TheRealDeal #RealEstateNews #LuxuryRealEstate

There is a place where it’s Christmas 365 days a year. Make that at least two places.Creating a Yuletide-themed town has...
12/24/2021

There is a place where it’s Christmas 365 days a year. Make that at least two places.

Creating a Yuletide-themed town has been merry for the pandemic-era real estate business in Santa Claus, Indiana and Frankenmuth, Michigan.

Both towns lit up their homes and commercial strips for the holidays and never took the decorations down. It’s perhaps not surprising that when pandemic-era doldrums and work-from-home mandates kicked in, some buyers were drawn to places like these, where good cheer is a selling point.

Follow the link to learn about the two towns that have taken their love of the holiday to Griswoldian levels: https://bit.ly/3soEz0x

#TheRealDeal #RealEstateNews #Holiday #Christmas #ResidentialRealEstate

There is a place where it’s Christmas 365 days a year. Make that at least two places.

Creating a Yuletide-themed town has been merry for the pandemic-era real estate business in Santa Claus, Indiana and Frankenmuth, Michigan.

Both towns lit up their homes and commercial strips for the holidays and never took the decorations down. It’s perhaps not surprising that when pandemic-era doldrums and work-from-home mandates kicked in, some buyers were drawn to places like these, where good cheer is a selling point.

Follow the link to learn about the two towns that have taken their love of the holiday to Griswoldian levels: https://bit.ly/3soEz0x

#TheRealDeal #RealEstateNews #Holiday #Christmas #ResidentialRealEstate

Wedged between Central Park and the East River is an affluent Upper East Side area known as Lenox Hill. Dotted with land...
12/23/2021

Wedged between Central Park and the East River is an affluent Upper East Side area known as Lenox Hill.

Dotted with landmarks like the Frick Collection and Park Avenue Armory, plus plenty of upscale boutiques and ritzy residences, the area boasts the best of what New York has to offer — all within just 18 blocks.

With Omicron threatening to put city dwellers back into lockdown, you might be looking for a home with wall-to-wall luxury. Check out these five Lenox Hill homes, curated and showcased by TRD's Select Spaces team, on the market right now. Because when you’ve exhausted all your streaming options and need something pretty on which to settle your gaze, these homes for sale now have some of the best walls to stare at.

Swipe for the properties, and tap the link to learn more about each unit and how to apply: https://bit.ly/3poYdrf

SPONSOR: Brian Scott Cohen NMLS 410025 at GR Affinity, LLC NMLS 1598647

#TheRealDeal #RealEstateNews #NewYorkCity #NYCRealEstate #UpperEastSide #SelectSpaces #Sponsored

12/23/2021
WATCH: TRD's Hiten Samtani and Fifth Wall's Brendan Wallace

TRD Associate Publisher and Editorial Director Hiten Samtani sat down with Fifth Wall founder Brendan Wallace for the latest episode of episode of Fly on the Wall. The two discuss the factors which have influenced the real estate industry’s posture towards proptech and how the past might inform the future of climate tech.

Watch the video above for a peek at the conversation, and head to the links below for the full conversation.

Youtube: https://bit.ly/3yUhWSI
Podcast: https://wi.st/3poSG3X

#TheRealDeal #RealEstateNews #RealEstate #FifthWall #Proptech #Climate #Technology

More large-scale housing developments may be coming to San Francisco’s Sunset District – whether neighbors want it or no...
12/23/2021
Another housing battle looms in San Francisco’s Sunset District

More large-scale housing developments may be coming to San Francisco’s Sunset District – whether neighbors want it or not.

Twelve-story condo tower one of several new housing developments under debate in the predominantly single-family neighborhood.

Billionaire and Copart CEO Jay Adair scooped up a waterfront Fort Lauderdale teardown for $15.5 million just three days ...
12/23/2021

Billionaire and Copart CEO Jay Adair scooped up a waterfront Fort Lauderdale teardown for $15.5 million just three days after it hit the market.

On nearly one acre property at 2541 Laguna Terrace, the house includes five bedrooms, two and a half bathrooms and 555 feet of water frontage in the Laguna Isles section of Harbor Beach. Adair and his wife plan to tear it down and replace it with a mansion.

Swipe to see the property, and tap the link for more: https://bit.ly/3JpHImS

Agents: Barbara Panton and Mobley McClellan, Fisher McClellan Real Estate | Scott Patterson, Berkshire Hathaway HomeServices EWM Realty

#TheRealDeal #RealEstateNews #FortLauderdale #Billionaire #Waterfront

A proposal for what would have been one of the city’s tallest skyscrapers is now on ice.
12/23/2021
New York State Revokes RFP for 418 11th Avenue

A proposal for what would have been one of the city’s tallest skyscrapers is now on ice.

New York officials rescinded the RFP for Midtown site where a Peebles Corp. team envisioned its 1,663-foot “Affirmation Tower” project

San Francisco will use money from capital funds and California’s Project Homekey to purchase a 160-room building to serv...
12/23/2021
San Francisco Buys SoMa Building For Homeless Housing

San Francisco will use money from capital funds and California’s Project Homekey to purchase a 160-room building to serve as housing for formerly homeless people.

The city will use $46 million in capital funding and another $8.5 million from Project Homekey

#SPONSORED After a successful VC round on Unicrypt, MetaSpace Real Estate Investment Trust (MREIT) will begin trading on...
12/23/2021
Metaverse REIT Launches on Exchange, Eyes $15 Million Market Cap Debut - The Real Deal

#SPONSORED After a successful VC round on Unicrypt, MetaSpace Real Estate Investment Trust (MREIT) will begin trading on PancakeSwap on Friday, December 17th, a decentralized exchange with over $2 billion of daily trading volume.

MREIT’s founder, Eric Klein, says that the company will focus on buying, leasing, and minting high–traffic virtual real estate in the metaverse with profits flowing back to token holders via smart contracts, much like a traditional real estate investment trust. The company will be fully audited with KYC and will set the standard for traditional real estate investors looking to diversify in the virtual real estate world.

After a successful VC round on Unicrypt, MetaSpace Real Estate Investment Trust (MREIT) will begin trading on PancakeSwap on Friday, December 17th, a decentralized exchange with over $2 billion of daily trading volume. MREIT’s founder, Eric Klein, says that the company will focus on buying, leasin...

The newest resident of chic Malibu Colony is Catherina Gores, daughter of billionaire investors and Detroit Pistons owne...
12/23/2021
Catherina Gores Makes $17M Move To Malibu Colony

The newest resident of chic Malibu Colony is Catherina Gores, daughter of billionaire investors and Detroit Pistons owner Tom Gores.

The newest resident of chic Malibu Colony is Catherina Gores, the daughter of billionaire investor and Detroit Pistons owner Tom Gores.

People across the United States locked down by the pandemic needed space to lock their extra things away, boosting self-...
12/23/2021
Self-Storage Stocks Beat Industry Amid Low Space, High Prices

People across the United States locked down by the pandemic needed space to lock their extra things away, boosting self-storage properties to the top of the market.

Index shares for the self-storage sector returned more than 85 percent between price gains and dividend payments since February 2020.

It’s time for SL Green to vacate 245 Park Avenue after an affiliate of HNA Group won a ruling in bankruptcy court.
12/23/2021
Judge Ends SL Green’s 245 Park Avenue Management Contract

It’s time for SL Green to vacate 245 Park Avenue after an affiliate of HNA Group won a ruling in bankruptcy court.

PWM, an HNA Group affiliate, blamed SL Green’s management of 245 Park Avenue for the office tower’s financial troubles.

Some neighbors of a landfill in Suffolk County are likely feeling down in the dumps after a town board vote rezoned the ...
12/23/2021
Brookhaven Landfill Partially Rezoned for Industrial Use

Some neighbors of a landfill in Suffolk County are likely feeling down in the dumps after a town board vote rezoned the property despite their opposition.

A Brookhaven landfill has been the subject of debate, with some Suffolk County residents calling to retain its residential zoning.

Just as the pandemic hastened proptech’s growth, it also determined which of its many branches flourished.
12/23/2021
These Were the Top 5 Proptech Fundraising Rounds of 2021

Just as the pandemic hastened proptech’s growth, it also determined which of its many branches flourished.

As housing boomed, the startups behind the year’s largest funding rounds were resi solutions, and most were repeat raisers.

Host Hotels & Resorts took loss after five years of ownership of the W Hollywood hotel.
12/23/2021
W Hollywood Sells For $197M To Oaktree-Trinity Fund JV

Host Hotels & Resorts took loss after five years of ownership of the W Hollywood hotel.

Oaktree Capital Management and Trinity Fund Advisors appear to have scored a deal on a leasehold interest in the W Hollywood hotel.

It’s taken more than 35 years for developer Haberman & Haberman to get a Long Beach development off the ground, but that...
12/23/2021
Long Beach Condo Development May Start After $75M Settlement

It’s taken more than 35 years for developer Haberman & Haberman to get a Long Beach development off the ground, but that stall may not last much longer.

Long Beach and Sinclair Haberman reached a tentative settlement that would allow high-rise construction at the boardwalk site.

A mansion on one of Malibu’s largest beachfront properties is on the market for nearly $40 million.The home at 27234 Pac...
12/23/2021

A mansion on one of Malibu’s largest beachfront properties is on the market for nearly $40 million.

The home at 27234 Pacific Coast Highway was previously listed jointly with a neighboring property on the nearly 16,000-square-foot lot for $51.5 million. The properties are now being sold separately.

The Chad Oppenheim and Burdge Architects-designed mansion includes four bedrooms and six bathrooms across 7,160 square feet.

Swipe to see the home, and follow the link for more: https://bit.ly/3EjMf6j

Agent: Chris Cortazzo, Compass

#TheRealDeal #RealEstateNews #LuxuryRealEstate #Malibu

Developer CIM Group hit back at an explosive lawsuit from the condo board at 432 Park Avenue, its luxury supertall where...
12/23/2021
CIM Group Respond to Allegations at 432 Park Ave

Developer CIM Group hit back at an explosive lawsuit from the condo board at 432 Park Avenue, its luxury supertall where residents have alleged widespread construction defects.

Developer CIM Group filed a response to an explosive lawsuit from the 432 Park Ave. condo board that alleged defects and safety concerns.

The number of chain stores and restaurants in New York City increased this year in a welcome sign for retail landlords a...
12/22/2021
NYC Chain Store Locations Increased 3% in 2021

The number of chain stores and restaurants in New York City increased this year in a welcome sign for retail landlords after four straight years of declines.

After more than 1,000 locations shuttered last year, the number of chain stores in the city increased to 7,160 this year.

Developer CIM Group hit back at an explosive lawsuit from the condo board at 432 Park Avenue.
12/22/2021
CIM Group Respond to Allegations at 432 Park Ave

Developer CIM Group hit back at an explosive lawsuit from the condo board at 432 Park Avenue.

Developer CIM Group filed a response to an explosive lawsuit from the 432 Park Ave. condo board that alleged defects and safety concerns.

#SPONSORED “We see a future where you can go to the neighborhood you’re interested in, open the Knock app, tour 12 apart...
12/22/2021
The Rental Revolution is Here: Knock Increases NOI for Landlords with Time-Saving Tech - The Real Deal

#SPONSORED “We see a future where you can go to the neighborhood you’re interested in, open the Knock app, tour 12 apartments in one day, and complete your application before dinner.” - Click the article to learn more

When it comes to the headaches of renting an apartment, most New Yorkers can relate. However, for Knock Co-Founder Erez Cohen, the tedious experience also sparked an idea. “It started with a classic NYC story. Erez went to see a unit, but the agent wasn’t there — and it was snowing,” explain...

In over half a century atop the business world, Charlie Munger has never dealt with an outcry quite like this.
12/22/2021
Charlie Munger Has No Time for the Haters

In over half a century atop the business world, Charlie Munger has never dealt with an outcry quite like this.

A look at the controversy over Charlie Munger's design for a UCSB megadorm- and an interview with the billionaire on his reaction.

Bills, passed in response to a report on unequal treatment on Long Island, mandate heavier fines for violations, increas...
12/22/2021
Governor Signs Anti-Housing Discrimination Package

Bills, passed in response to a report on unequal treatment on Long Island, mandate heavier fines for violations, increased training for brokers.

Bills, passed in response to a report on unequal treatment on Long Island, mandate heavier fines for violations, increased training for brokers.

RXR Realty and TF Cornerstone ’s 1,500-foot development at 175 Park Avenue has received approval from the New York City ...
12/22/2021
RXR, TF Cornerstone Get Approval for Supertall Tower

RXR Realty and TF Cornerstone ’s 1,500-foot development at 175 Park Avenue has received approval from the New York City Council.

The mixed-use building at the Grand Hyatt site next to Grand Central Terminal is set to be among New York City's tallest towers. It will include more than 2 million square feet of office space and up to 500 hotel rooms.

#TheRealDeal #RealEstateNews #NewYorkCity #Development #GrandCentral

RXR and TF Cornerstone were cleared to pursue the Grand Hyatt site next to Grand Central Terminal for a mixed-use office tower.

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Steve Witkoff's Witkoff Group and Len Blavatnik’s Access Industries are the new owners of the stalled XI condo project. The real estate developers bought the twisting-tower luxury development at 76 11th Avenue in a foreclosure sale Thursday after its former owner, HFZ Capital Group, fell into financial ruin. Link for all the details: https://bit.ly/32uTFGL #TheRealDeal #RealEstateNews #NewYorkCity #Development
A Bel Air vineyard once home to music legends Sly Stone and the Mamas and the Papas' John Phillips has found a buyer. The 1.4-acre property at 783 North Bel Air Road went into contract with an asking price of $24 million. It was previously the site of a Tudor-style mansion, which was converted into a vineyard by late billionaire A. Jerrold Perrenchio for his Chartwell estate. The property comes packaged with architectural plans from South African firm SAOTA for a 21,000-square-foot mansion. Swipe to see the planned estate, and tap the link for more: https://bit.ly/32ib8CB #TheRealDeal #RealEstateNews #LuxuryRealEstate #BelAir #Development #CelebrityRealEstate
The nation's luxury housing market thrived this year like never before, as at least 40 homes sold for at least $50 million. Homes sold at that threshold or higher increased 35 percent year-over-year, breaking the previous record set in 2020, according to data from Miller Samuel. The appraiser also recorded eight properties trading hands for at least $100 million. Tap the link to learn about the priciest properties of the year: https://bit.ly/3J7zOyp #TheRealDeal #RealEstateNews #LuxuryRealEstate
There is a place where it’s Christmas 365 days a year. Make that at least two places. Creating a Yuletide-themed town has been merry for the pandemic-era real estate business in Santa Claus, Indiana and Frankenmuth, Michigan. Both towns lit up their homes and commercial strips for the holidays and never took the decorations down. It’s perhaps not surprising that when pandemic-era doldrums and work-from-home mandates kicked in, some buyers were drawn to places like these, where good cheer is a selling point. Follow the link to learn about the two towns that have taken their love of the holiday to Griswoldian levels: https://bit.ly/3soEz0x #TheRealDeal #RealEstateNews #Holiday #Christmas #ResidentialRealEstate
Wedged between Central Park and the East River is an affluent Upper East Side area known as Lenox Hill. Dotted with landmarks like the Frick Collection and Park Avenue Armory, plus plenty of upscale boutiques and ritzy residences, the area boasts the best of what New York has to offer — all within just 18 blocks. With Omicron threatening to put city dwellers back into lockdown, you might be looking for a home with wall-to-wall luxury. Check out these five Lenox Hill homes, curated and showcased by TRD's Select Spaces team, on the market right now. Because when you’ve exhausted all your streaming options and need something pretty on which to settle your gaze, these homes for sale now have some of the best walls to stare at. Swipe for the properties, and tap the link to learn more about each unit and how to apply: https://bit.ly/3poYdrf ⁠ SPONSOR: Brian Scott Cohen NMLS 410025 at GR Affinity, LLC NMLS 1598647 #TheRealDeal #RealEstateNews #NewYorkCity #NYCRealEstate #UpperEastSide #SelectSpaces #Sponsored
TRD Associate Publisher and Editorial Director Hiten Samtani sat down with Fifth Wall founder Brendan Wallace for the latest episode of episode of Fly on the Wall. The two discuss the factors which have influenced the real estate industry’s posture towards proptech and how the past might inform the future of climate tech. Watch the video above for a peek at the conversation, and head to the links below for the full conversation. Youtube: https://bit.ly/3yUhWSI Podcast: https://wi.st/3poSG3X #TheRealDeal #RealEstateNews #RealEstate #FifthWall #Proptech #Climate #Technology
Onni Group completed a deal to buy the 159-room Ace Hotel in Chicago’s Fulton Market District for $63 million.
More large-scale housing developments may be coming to San Francisco’s Sunset District – whether neighbors want it or not.
Billionaire and Copart CEO Jay Adair scooped up a waterfront Fort Lauderdale teardown for $15.5 million just three days after it hit the market. On nearly one acre property at 2541 Laguna Terrace, the house includes five bedrooms, two and a half bathrooms and 555 feet of water frontage in the Laguna Isles section of Harbor Beach. Adair and his wife plan to tear it down and replace it with a mansion. Swipe to see the property, and tap the link for more: https://bit.ly/3JpHImS Agents: Barbara Panton and Mobley McClellan, Fisher McClellan Real Estate | Scott Patterson, Berkshire Hathaway HomeServices EWM Realty #TheRealDeal #RealEstateNews #FortLauderdale #Billionaire #Waterfront
A proposal for what would have been one of the city’s tallest skyscrapers is now on ice.
San Francisco will use money from capital funds and California’s Project Homekey to purchase a 160-room building to serve as housing for formerly homeless people.
#SPONSORED After a successful VC round on Unicrypt, MetaSpace Real Estate Investment Trust (MREIT) will begin trading on PancakeSwap on Friday, December 17th, a decentralized exchange with over $2 billion of daily trading volume. MREIT’s founder, Eric Klein, says that the company will focus on buying, leasing, and minting high–traffic virtual real estate in the metaverse with profits flowing back to token holders via smart contracts, much like a traditional real estate investment trust. The company will be fully audited with KYC and will set the standard for traditional real estate investors looking to diversify in the virtual real estate world.