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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.

Extell has lined up the year’s biggest construction loan in New York City.The developer secured $1.13 billion for its pl...
12/16/2025

Extell has lined up the year’s biggest construction loan in New York City.

The developer secured $1.13 billion for its planned 74-story tower at 655 Madison Avenue. The rezoning plan calls for a 765,000-square-foot, 1,162-foot mixed-use project with 154 residential units and substantial commercial space. Chanel has been reported in talks to buy the retail portion.

Check out all the details at the link in comments.

Palm Beach luxury is brewing, and this week’s top contract comes with a caffeine-and-casino backstory.Coffee magnate Bob...
12/16/2025

Palm Beach luxury is brewing, and this week’s top contract comes with a caffeine-and-casino backstory.

Coffee magnate Bob Stiller (Keurig/Green Mountain) just put his lakefront Palm Beach mansion under contract with an $84M ask, topping the county’s weekly signed-deals report. He and his wife Christine bought the estate in 2023 for $66M from casino billionaire Steve Wynn, then listed it this spring at $90M before a price cut.

Go inside the luxury deal at the link in comments.

Belgrade's Trump-branded tower plan just lost its biggest backer.Jared Kushner’s Affinity Partners has withdrawn from th...
12/16/2025

Belgrade's Trump-branded tower plan just lost its biggest backer.

Jared Kushner’s Affinity Partners has withdrawn from the controversial $500M hotel-and-luxury-apartment project on the site of the former Yugoslav army headquarters, after Serbian prosecutors indicted a cabinet minister and three officials over alleged abuses of office and falsified documents tied to clearing the way for redevelopment.

Affinity said it was stepping aside because “meaningful projects should unite rather than divide.”

Read the full story at the link in comments.

SL Green is hitting "sell" in a big way. Manhattan’s top office landlord says it’s planning to unload roughly $2.5 billi...
12/16/2025

SL Green is hitting "sell" in a big way. Manhattan’s top office landlord says it’s planning to unload roughly $2.5 billion across nine NYC office and residential assets as high interest rates squeeze cash flow. But this isn’t a retreat so much as a reshuffle: the REIT also says it’s targeting $1 billion-plus in acquisitions next year — and even floating share buybacks.

In other words: lighten the load, keep the pipeline.

👉 Tap the link in comments for the full list of properties and the strategy behind the sell-off.

A Massachusetts jury convicted Brian Walshe of first-degree murder in the death of his wife, Tishman Speyer executive An...
12/16/2025

A Massachusetts jury convicted Brian Walshe of first-degree murder in the death of his wife, Tishman Speyer executive Ana Walshe. The case has gripped the industry since she vanished around New Year’s 2023.

Read the full story at the link in comments.

A $56 million Upper East Side townhouse is back on the market, with a $68 million ask.The 35-foot-wide limestone mansion...
12/16/2025

A $56 million Upper East Side townhouse is back on the market, with a $68 million ask.

The 35-foot-wide limestone mansion at 4 East 79th Street sold in September 2024, ranking the seventh-priciest townhouse sale in New York City history. Now it's back, priced $12 million higher. Same trophy address, new trophy price ambition.
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The seller is John Grayken, founder of distressed-debt giant Lone Star Funds, sources told The Real Deal. ⁠
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The listing (again with Sotheby’s Serena Boardman) says the home has been updated with new systems and refreshed interiors, but the quick $12 million jump is already raising some brokers' eyebrows in a market where selling can feel like turning a supertanker.⁠
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Still, as one broker put it: All you need is one.⁠
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Get the full backstory, what changed since the last sale and more notes from the UES townhouse market at the link in comments.

A Wrigley chewing-gum heir just chewed through a South Florida record. William Wrigley Jr. sold a 2.5-acre waterfront co...
12/15/2025

A Wrigley chewing-gum heir just chewed through a South Florida record. William Wrigley Jr. sold a 2.5-acre waterfront compound in North Palm Beach for $97.5 million. The off-market deal in Lost Tree Village includes two mansions and multiple docks.

It also now stands as the community’s priciest sale ever recorded, clearing Lost Tree’s prior $55M record and tops North Palm Beach’s previous high-water mark (Larry Ellison’s $80M).

Tap the link in comments for more on the deal and what this says about South Florida’s 2025 trophy-home sprint.

The White House ballroom project just hit a new obstacle: a lawsuit.The National Trust for Historic Preservation is suin...
12/15/2025

The White House ballroom project just hit a new obstacle: a lawsuit.

The National Trust for Historic Preservation is suing the Trump administration, arguing required federal reviews were bypassed as plans moved forward for a 90,000-square-foot ballroom tied to the demolished East Wing. A judge is set to hear a request to temporarily pause construction Tuesday.

The project recently added a new architect, but the bigger question now is whether the court hits “pause” first.

👉 Read the full story at the link in comments for what the suit alleges, what reviews are at issue and what comes next.

San Francisco's rental market just borrowed a trick from homebuying: the bidding war. 🏠💸At an Alamo Square open house, w...
12/15/2025

San Francisco's rental market just borrowed a trick from homebuying: the bidding war. 🏠💸

At an Alamo Square open house, would-be tenants were told to email their "best rent offer," starting at $5,000/month — and then asked to go higher. A tenants' lawyer called it "douche-y" and warned it could edge into bait-and-switch territory.

Read the full story at the link in comments.

It’s official: NYC is getting three casinos. 🎰Steve Cohen near Citi Field, Bally’s in the Bronx and Resorts World in Que...
12/15/2025

It’s official: NYC is getting three casinos. 🎰

Steve Cohen near Citi Field, Bally’s in the Bronx and Resorts World in Queens just got the green light — promising billions in tax revenue, with strings attached.

Read what won, what didn’t, and what comes next at the link in comments.

Foreclosures are quietly climbing again. But while the stress is rising, it's landing very differently depending on wher...
12/15/2025

Foreclosures are quietly climbing again. But while the stress is rising, it's landing very differently depending on where you live.⁠
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New data from ATTOM shows U.S. mortgage foreclosure filings rose 21 percent year-over-year in November, with nearly 35,700 properties posting some type of foreclosure-related filing. That's the ninth straight annual increase, even as the month-to-month count dipped 3 percent.⁠
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The sharpest spike among big metros: Charlotte, with filings up 125 percent (about 1 in every 3,156 housing units). At the other end of the spectrum, Hartford, Connecticut, saw the biggest year-over-year decline in its foreclosure rate, down about 46 percent.⁠
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Translation: the trend is up, but the story is local — and uneven.⁠
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Tap the link in comments for the metro-by-metro breakdown, what's driving the shift and what it could signal for 2026 housing conditions. ⁠

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