The Real Deal

The Real Deal Real Estate News
Bringing transparency to one of the most important and least understood industry

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.

Manhattan office leasing ended 2025 like the pandemic never happened.The borough just posted its strongest quarter since...
01/06/2026

Manhattan office leasing ended 2025 like the pandemic never happened.

The borough just posted its strongest quarter since late 2019, with 11.9M square feet leased in Q4 — helping push the year’s total to nearly 42M square feet, the highest annual volume since 2019. Demand is tightening the market: availability fell to 13.9% and the average asking rent rose to $76/SF, according to Colliers.

The momentum was powered by big renewals and expansions — and by a familiar cast of tenants: FIRE firms led the charge, with TAMI close behind. Midtown dominated, while Midtown South and Downtown both logged notable rebounds.

The recovery is real — but the excess supply isn’t gone yet.
Read the full breakdown (and what it means for 2026) at the link in comments.

Horses may have finally galloped off into the Sunset Boulevard sunset. The buzzy Hollywood restaurant quietly shuttered ...
01/06/2026

Horses may have finally galloped off into the Sunset Boulevard sunset. The buzzy Hollywood restaurant quietly shuttered after its last service on Dec. 24, just three years after opening in the former Ye Coach & Horses space.

The closure follows a long run of headline-making turmoil — including a very public owners’ divorce, allegations of animal abuse and recent reports of bounced checks — with staff saying the shutdown was meant “to protect” them from further damage.

Read the full story — and what’s next for the space — at the link in comments.

AI money is rewriting California’s luxury second-home market — starting in wine country.Bay Area tech buyers, many in th...
01/06/2026

AI money is rewriting California’s luxury second-home market — starting in wine country.

Bay Area tech buyers, many in their 30s and 40s, are snapping up Napa-to-Carmel retreats — often all-cash, funded by stock gains. Luxury sales in Napa and Sonoma are up 58% year over year, with demand driven by what Silicon Valley can’t offer: space (think 50+ acres, not a one-acre lot).

And it’s spreading — south to San Luis Obispo County and even overseas, with some buyers eyeing Panama.

Tap the link in comments to read more on how AI wealth is reshaping the high-end housing map.

01/06/2026

Every month, The Real Deal brings the biggest stories in real estate to life in its flagship magazine. In 2025, that meant surveying the damage after Los Angeles' wildfires, mapping Steve Witkoff's journey from developer and dealmaker to Middle East peacemaker, plus in-depth profiles on Zohran Mamdani's mayoral win, Steve Ross's West Palm Beach pivot and much more.

Watch publisher Amir Korangy and creative director Paul Dilakian pull back the curtain on the year's biggest headlines and explain how TRD's cover stories came to be.

Aman New York just owned Manhattan's luxury leaderboard in the final days of 2025.Two condos at Vlad Doronin’s ultra-exc...
01/06/2026

Aman New York just owned Manhattan's luxury leaderboard in the final days of 2025.

Two condos at Vlad Doronin’s ultra-exclusive 730 Fifth Avenue took the top two spots last week. In total, 13 homes priced at $4M+ went into contract between Dec. 29 and Jan. 4, representing $113M in asking value — an $8.7M average.

Tap the link in comments for the full list of deals and what it signals for Manhattan’s 2026 luxury market.

01/05/2026

Who's standing alongside Zohran Mamdani as New York's next housing agenda takes shape? Watch as we break down the early hires and advisers who will steer development, permitting, affordable housing finance and tenant enforcement — from pipeline pros to housing wonks to tenant organizers, and everyone in between.

Elon Musk’s xAI is getting bigger — and not just in compute.The AI startup has signed two new office leases in Palo Alto...
01/05/2026

Elon Musk’s xAI is getting bigger — and not just in compute.

The AI startup has signed two new office leases in Palo Alto, including 100,000+ square feet a Hudson Pacific Properties-owned building and additional space nearby porty, part of a growing footprint clustered around its existing office on Page Mill and close to Tesla’s engineering HQ.

Permits show xAI is planning major buildouts, with renovations spanning tens of thousands of square feet — another sign that AI’s boom is translating into very real demand for Silicon Valley office space.

Tap the link in comments to read more.

Mickey Rourke’s latest drama isn’t on screen, it’s in housing court.The actor is facing eviction from his Beverly Grove ...
01/05/2026

Mickey Rourke’s latest drama isn’t on screen, it’s in housing court.

The actor is facing eviction from his Beverly Grove bungalow after his landlord claims he owes $59,100 in back rent. Now, Rourke has approved a GoFundMe “Help Mickey Rourke Stay in His Home” managed by his team to cover at least $100,000 in housing-related costs.

Click the link in comments to read the full story and let us know your thoughts below.

Zohran Mamdani is a few days into his term as New York City's mayor. And the real estate world is already parsing the fi...
01/05/2026

Zohran Mamdani is a few days into his term as New York City's mayor. And the real estate world is already parsing the first signals.

At the top of the watchlist: whether Mamdani's promised four-year rent freeze for regulated tenants becomes policy, and how much sway he'll have over the Rent Guidelines Board.

The industry is also tracking his push to crack down on "bad landlords," revive the Office to Protect Tenants and explore city control of distressed buildings — plus his ambitious goal to create 200,000 new affordable units and early talk of property tax reform that could reshape owners' costs.

The stakes are local, but the ripple effects could be national. Click the link in comments for the full breakdown of what the real estate is watching now that Mamdani is in office.

01/05/2026

"I realized I was actually being selfish." Watch as Kent Swig reflects on what changed when the money (and the safety net) disappeared: a few friendships didn’t hold, and a hard lesson landed.

▶️ https://www.youtube.com/watch?v=KY0kiAweQfg&t=175s

Hear the full story, plus more tales from Swig's legendary career, in the latest Coffee Talk with Amir Korangy.

Manhattan ends 2025 the way it's lived the post-pandemic era: with another office distress story, this time at Brookfiel...
01/05/2026

Manhattan ends 2025 the way it's lived the post-pandemic era: with another office distress story, this time at Brookfield's One New York Plaza.

The $835 million CMBS loan backing the 2.5M SF Financial District tower has been transferred to special servicing ahead of its maturity this week, a move meant to facilitate a modification and extension. Brookfield hasn’t missed payments, but the building's fundamentals have shifted: net cash flow fell to $51.2M from an underwritten $84.4M, and occupancy slid from 100% in 2022 to 83% as of September.

Brookfield says it expects to reach an extension quickly, and it's coming off recent refinancing wins elsewhere in Manhattan.

Tap the link in comments to read the full story.

America's apartment market has a new problem: nobody's moving.RentCafe's year-end multifamily report found 63 percent of...
01/05/2026

America's apartment market has a new problem: nobody's moving.

RentCafe's year-end multifamily report found 63 percent of U.S. renters renewed their leases, tightening competition even as more than 500,000 new units came online. Occupancy dipped slightly to 93.3 percent, but competition didn't: there are still nine renters for every available apartment nationwide.

The Northeast is the most competitive region, while Miami remains the tightest major market with 96.4 percent occupancy and 19 renters chasing each vacant unit. Chicago followed close behind, and Manhattan ranked as the fourth-most competitive rental market.

The twist? Early signs of softening are emerging, with rents slipping in 28 of the top 30 markets this fall.

Learn which markets are getting tougher, and where renters may finally catch a break, at the link in comments.

Address

450 West 31st Street
New York, NY
10001

Telephone

+12122601332

Website

Alerts

Be the first to know and let us send you an email when The Real Deal posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to The Real Deal:

Shortcuts

Share

Category

The Real Deal | Award-Winning Real Estate News

The Real Deal has become mandatory reading for everyone in the industry. Since 2003, TRD has provided up-to-the-minute industry news and in-depth reports and profiles in our 65,000-circulation monthly magazine and on TheRealDeal.com, which receives more than 2 million unique visitors per month. Our content is available across multiple platforms, including a mobile app available to iPhone, iPad and Android users alike.

The Real Deal has been repeatedly recognized for its prowess in real estate media, receiving the Society of American Business Editors and Writers’ 2013 award for general excellence. In 2016, TRD won a record 12 awards from the National Association of Real Estate Editors, including the gold for best residential trade magazine and a silver award for best commercial trade magazine.

Become a subscriber today: www.therealdeal.com/subscription

Follow us on Social Media: Instagram: @therealdeal www.instagram.com/therealdeal Twitter: @trdny www.twitter.com/trdny LinkedIn: @TheRealDeal www.linkedin.com/company/therealdeal YouTube: @TheRealDealMedia www.youtube.com/c/TheRealDealMagazineNewYork Flipboard: @TheRealDealnyc www.flipboard.com/@Therealdealnyc