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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.

SL Green's Times Square casino dream isn't dead yet, according to CEO Marc Holliday.The firm's $5.4 billion bid for a co...
10/16/2025

SL Green's Times Square casino dream isn't dead yet, according to CEO Marc Holliday.
The firm's $5.4 billion bid for a coveted casino license was rejected last month. But the REIT's leader signaled on an earnings call today that SL Green could still convert the building to another entertainment venue or a hotel – and that he may not be ready to fold on the casino plans just yet.

While Resorts World NYC and Steve Cohen's Citi Field bid are now considered frontrunners, Holliday believes the game is still far from over, saying that the process is "still playing out."

Do you think a casino belongs in Times Square? Read the whole story at the link, and let us know in the comments 👇

A federal immigration crackdown in Chicago is casting a chill across the city's real estate industry, extending beyond i...
10/16/2025

A federal immigration crackdown in Chicago is casting a chill across the city's real estate industry, extending beyond immigrant communities and contributing to a spike in stalled deals and construction delays.

“A lot of people are not wanting to purchase, not wanting to buy, and they’re just afraid,” Maria Kharot, president of Chicago’s chapter of the National Association of Hispanic Real Estate Professionals, told TRD.

Read the full investigation at the link.

The Weeknd has closed on a waterfront mansion for $50 million, setting the record for the most expensive home ever sold ...
10/16/2025

The Weeknd has closed on a waterfront mansion for $50 million, setting the record for the most expensive home ever sold in Coral Gables.

The Grammy-winning artist's new 19,000-square-foot estate, previously owned by an oil recycling mogul, sits on 1.2 acres in the ultra-exclusive Gables Estates, recently named the priciest neighborhood in the U.S. by Zillow.

Go inside the deal at the link below.

Investors are tiptoeing back into multifamily in the Denver suburbs. California-based Brixton Capital just paid $79.5 mi...
10/16/2025

Investors are tiptoeing back into multifamily in the Denver suburbs. California-based Brixton Capital just paid $79.5 million for the 272-unit Whisper Creek Apartments in Lakewood, its third multifamily buy in Colorado. The move follows a wave of suburban Denver trades — including Sofi Belmar ($46M) and Harvest Station ($85M) — as investors across the country test the waters again.

After vacancy rates in the Denver-area hit 15-year highs earlier this year, apartment absorption is ticking up, echoing trends seen in other U.S. metros where new supply is finally finding tenants.

💬 Do you think multifamily markets nationwide are stabilizing — or is this just a short-term bounce?

A new bill in Springfield is taking aim at the Chicago Bears' $5 billion stadium push, seeking to protect taxpayers from...
10/16/2025

A new bill in Springfield is taking aim at the Chicago Bears' $5 billion stadium push, seeking to protect taxpayers from footing the bill.

As the Bears lobby for public assistance for their proposed Arlington Heights campus, State Rep. Kam Buckner has introduced legislation that would impose strict new rules on stadium deals—including a "clawback" provision to recoup public money if a team relocates.

Where do you stand? Should taxpayers help fund a new Bears stadium, or should the team bear the full cost of its new home?

Find the full article below 👇

A $1.5B Trump-branded resort in Vietnam is drawing scrutiny over the overlap between policy and profit.The Trump Organiz...
10/16/2025

A $1.5B Trump-branded resort in Vietnam is drawing scrutiny over the overlap between policy and profit.

The Trump Organization has partnered with Vietnamese billionaire Dang Thanh Tam — whose fortune surged amid President Trump’s first-term trade war — to develop Trump International Hung Yen, a 2,500-acre luxury resort and golf complex.

Now, as new tariffs again reshape global supply chains, the project underscores the complex ties between the president’s business and his policy decisions.

The AI boom is breathing new life into San Francisco's struggling office market.In Q3, businesses sought a record 7.9 mi...
10/16/2025

The AI boom is breathing new life into San Francisco's struggling office market.

In Q3, businesses sought a record 7.9 million square feet of SF office space — the highest ever — with AI companies leading the charge. Major players like Anthropic, OpenAI, Postman and Glean are expanding their footprints, signaling a seismic shift in the city’s commercial real estate landscape.

📈Net new demand reached 2.6 million SF, matching pre-pandemic levels.

🏢 Class A+ offices are thriving, with vacancy rates as low as 7% — even as citywide vacancies remain above 34%.

Read the full story in the comments below 👇

Think Manhattan real estate always goes up? Think again. A new report from Brown Harris Stevens looked at 2,500+ condo r...
10/15/2025

Think Manhattan real estate always goes up? Think again.

A new report from Brown Harris Stevens looked at 2,500+ condo resales — and found a lot of sellers are taking losses.

📉 Buyers from 2016–2020 were hit hardest, with over half selling at a loss.

Does this change how you see NYC real estate as a “safe” investment?
👇 Drop your thoughts in the comments.

🏗️ London’s homebuilding pipeline is collapsing — and it could deepen the city’s housing crisis.New research warns the n...
10/15/2025

🏗️ London’s homebuilding pipeline is collapsing — and it could deepen the city’s housing crisis.

New research warns the number of homes under construction could fall to just a quarter of pre-pandemic levels by early 2027. Developers sold fewer than 2,000 new homes last quarter, a 19% annual drop and near the lowest pace since 2008.

A storm of weak demand, high borrowing costs and stricter regulations is freezing the market, making government housing targets “impossible to achieve.”

With affordability stretched and projects stalling, can policy reforms revive construction — or is London headed for a long-term supply crunch?

💭Tell us your take in the comments, and read the full story below.👇

Suburban Chicago’s office market just had its strongest quarter since before the pandemic. But landlords aren’t celebrat...
10/15/2025

Suburban Chicago’s office market just had its strongest quarter since before the pandemic. But landlords aren’t celebrating yet.

Vacancies remain stuck at a record 32.4% for the 19th straight quarter, with 4.7 million square feet of space lost since 2020.

There’s life in the market, though: many tenants are trading up, leaving behind dated buildings for modern, amenity-rich campuses that better fit post-pandemic work styles — a clear sign of an ongoing flight to quality.

Still, older offices keep dragging vacancy rates up. As remote work stabilizes and obsolete properties get redeveloped, will this be the start of a recovery — or just a temporary uptick?

👇 Read the full story in the comments.

10/15/2025

From NYC icon to an address that sells itself. Jeff Gural's GFP is unveiling the Flatiron Building's next act: 40 luxury homes with a projected $700 million sellout.

At our recent Salon Series with Amir Korangy, Gural breaks down how a $4.5 million play became one of Manhattan’s most-watched conversions.

Watch the full conversation here: https://www.youtube.com/watch?v=qi9MKk-_nV0&t=1806s

While data centers across the U.S. are booming with near-zero vacancies thanks to the AI surge, Downtown LA’s office mar...
10/15/2025

While data centers across the U.S. are booming with near-zero vacancies thanks to the AI surge, Downtown LA’s office market is struggling with a 33.3% vacancy rate — and another major property has fallen into default.

Cathay Bank has sued Laeroc Partners, claiming the landlord defaulted on a $31M loan tied to the Telecom Center LA. The lender is seeking a court-appointed receiver and judicial foreclosure on the 13-story office-and-data center building.

Tenants like AT&T, Quadranet, Level 3 and Windstream operate data centers inside — but will that be enough to save the property from LA’s office market slump?

Read the full story in the comments. 👇

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