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The Real Deal

@therealdeal

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KSK Construction Group's latest mass timber condo building is slated to break a number of city records. At the #linkinbio, learn all about the green energy innovations at 179 N. 10th St.⁠ ⁠ #Sponsored #BrandStudio #MassTimber #SustainableLiving #UrbanDevelopment #NYCArchitecture #FutureOfConstruction⁠ 2025-09-30 23:30:40 KSK Construction Gr.. 0 -100% 0 -100%
Billionaire Steve Cohen’s plan for an $8 billion casino complex is advancing to the final round of New York's casino licensing competition, the final proposal to be reviewed in the race for three downstate licenses. ⁠ ⁠ A community advisory committee voted unanimously earlier today to advance the Mets owner's pitch with Hard Rock for Metropolitan Park, a project that would transform 50 acres of parking lots next to Citi Field. ⁠ ⁠ Metropolitan Park is up against three other contenders in this final round: MGM Empire City in Yonkers; Queens Aqueduct Casino, operated by Resorts World; and Bally’s in Throggs Neck. Now the proposals head to the state’s Gaming Facility Location Board for final consideration. ⁠ ⁠ Catch up on the casino scorecard at the link in bio. 2025-09-30 22:36:55 Billion.. 0 -100% 6 -69%
Bath + Racquet Residences & Club—the highly anticipated redevelopment of one of Sarasota’s most iconic properties—is rapidly taking shape as a vibrant new destination for luxury living, wellness, and world-class sports amenities. With construction advancing ahead of schedule, move-ins are now projected to begin in Fall 2026.⁠ ⁠ #sponsored 2025-09-30 20:30:51 Bath + Racquet .. 0 -100% 0 -100%
The U.S. has nearly 2 billion square feet of self-storage — after adding 547 million in the past decade alone, according to Yardi Matrix. ⁠ ⁠ Why? As rentership rises and new units trend smaller (more than half built since 2015 are studios or one-bedrooms) storage has become part of the housing equation. And multifamily boomtowns show how storage demand tracks with multifamily growth. ⁠ ⁠ In cities where the apartment inventory has grown by 50 percent since 1985, self-storage has climbed even faster, up more than 80 percent, StorageCafe data shows.⁠ ⁠ Tap the link in bio to see which metros are leading the charge — where soaring apartment construction is matched by millions of square feet of new storage. 2025-09-30 19:36:31 The U.S. .. 0 -100% 3 -84%
The Trump Organization is expanding its footprint in Saudi Arabia. The president's family real estate business reached a $1 billion agreement with Dar Global to build Trump Plaza in Jeddah, its second project in the coastal city in less than a year.⁠ ⁠ The development, part of a larger 2025-09-30 03:44:14 The Trump Org.. 0 -100% 20 +4%
Eric Adams is out of the mayor's race — but his real estate record isn't going anywhere. The NYCMayor leaves behind rezonings, NYCHA fixes, his 2025-09-30 01:52:46 Eric Adams is out.. 101 -19% 16 -17%
The real estate agent's relationship with their brokerage has never been more complicated — or more critical, as they're left wondering: who's truly looking out for my business? This tension has only escalated recently, fueled by mega-mergers and acquisitions, such as Compass's recent deal for Anywhere. Will these consolidated power structures deliver better resources and protection, or will they simply lead to cost-cutting and fewer opportunities for independent success? In an industry where market shifts and legal changes require adaptability, hearing C-level insight is no longer optional — it's necessary. Join us on November 5 & 6 for a frank, high-stakes conversation between Guy Gal of Side and Douglas Elliman's Michael Liebowitz that pulls back the curtain on the future of the agent-firm relationship. 🗳️Share your thoughts: What do agents want from their firms? 2025-09-30 00:06:10 The real estate .. 0 -100% 2 -90%
When builders want to add in-unit laundry to their latest multifamily project, they turn to Bosch. At the link in bio, get a look at the latest line of cutting-edge Bosch washers and dryers.⁠ ⁠ #Sponsored ⁠ ⁠ #TRDBrandStudio #Laundry #HomeAppliances #BoschAppliances #WashingMachine #Dryer #BSH⁠ 2025-09-29 22:00:24 When builders w.. 0 -100% 0 -100%
Branded condos are taking over global luxury markets — with fashion houses, hospitality companies and even automakers putting their names on real estate. But what happens when a luxury label loses its luster? MrKorangy breaks down the good, the bad and the ugly of the branded condo boom. Watch now — and tell us: Would you buy into a brand-name building? 2025-09-29 20:54:09 Branded condos are ta.. 0 -100% 21 +9%
In a $900 million move, Dallas’ NorthPark Center is headed back into family hands. ⁠ ⁠ The Nasher-Haemisegger family is set to reclaim full ownership of the upscale mall after a decade, thanks to a massive refinancing backed by Wells Fargo, Morgan Stanley, and Goldman Sachs that will restructure debt and allow the family to buy out J.P. Morgan’s stake. ⁠ ⁠ NorthPark — developed in 1965 by Raymond Nasher and now operated by his daughter Nancy Nasher and her husband David Haemisegger through NorthPark Management Company — pulled in $1.4 billion in sales last year and is nearly 99% leased, making it one of the most successful malls in America. ⁠ ⁠ What does this mean for Dallas’ luxury scene? Read more at the link in bio. 2025-09-29 19:25:57 In .. 634 +408% 9 -53%
Breaking: Eric Adams drops out of the NYC mayoral race. After months of speculation — and years of scandal — Adams is ending his reelection bid. That leaves Zohran Mamdani as the frontrunner, with real estate suddenly bracing for a future it long feared.⁠ ⁠ 📹️ Watch MrKorangy's exclusive sit-down with Adams from last month, where he defended his record on housing and development.⁠ 🗞️ Read our current cover story on how the industry is scrambling to prepare for Mamdani’s rise.⁠ ⁠ Tap the links in our bio. 2025-09-29 00:03:09 .. 0 -100% 94 +389%
There were 1,317 transactions totaling $2.74 billion recorded in New York City from 4:00 p.m. Friday, Sept. 19 through 4:00 p.m. Friday, Sept. 26. Our TRD Data team broke down the findings. Check out the top residential and commercial deals of the week, and explore our daily data breakdowns at the link in bio! ⁠ ⁠ 📊 Want more? Comment below to get a link to explore TRD Data sent to your DMs! ⁠ ⁠ 🏆️ Residential: The top home sale in New York was William Lauder’s trade of his Upper East Side co-op, which sold for a profit. Lauder, the chairman of cosmetics company Estée Lauder, sold his unit at 998 Fifth Avenue for $37.5 million, after paying $23.5 million for the four-bedroom apartment in 2017. The co-op’s new owners are Evan Cheng, the co-founder and CEO of cryptocurrency firm Mysten Labs, and Yu-Wen Chang. The deal appears to have been off-market.⁠ ⁠ 🏆️ Commercial: The most expensive commercial deal recorded in New York was on the Upper East Side, where the sale of 809 Madison Avenue for $49 million hit records. The seller was Churchill Real Estate Holdings, which paid $55 million for the 12-story property in 2019. The buyers were developers Harry Macklowe and Abe and Scott Shnay’s SKDevelopment, who intend to convert the building, which sits in a historic district off the corner of 68th Street, into an ultraluxury residential condominium. An Avison_Young_Global team led by JamesNelsonNYC and Brandon Polakoff (BFPolly) brokered the transaction. 2025-09-28 21:16:54 .. 0 -100% 1 -95%
📉 Sellers are cutting prices coast to coast. Every major U.S. metro saw a higher share of homes sell at a discount in August compared to last year — and most markets saw fewer sales go above ask. So where are sellers slashing prices the most? Our #TRDData team analyzed fresh Redfin numbers to find out. Full breakdown at the link in bio. 📊 This video is powered by TRD Data 2025-09-27 23:07:55 📉 Sellers are cut.. 103 -17% 2 -90%
The biggest game in New York real estate isn't on the ground — it's in the air. Transfers of unused development rights are surging, on pace for their highest level since 2016. ⁠ ⁠ The catalyst: the City of Yes legislation, which expanded owners' ability to sell unused rights and gave developers unprecedented flexibility to assemble taller projects. 2025-09-27 21:29:13 .. 0 -100% 2 -90%
It wasn’t a well-known name like Blackstone or SL Green that powered one of the largest post-pandemic office trades. It was Rithm Capital, an asset manager better known for mortgage servicing than Manhattan skyscrapers, writing the $1.6 billion check for Paramount Group’s sizable portfolio of office towers.⁠ ⁠ The deal hands Rithm 13 million square feet of office space in New York and San Francisco at a steep discount (roughly 40 percent below book value) and throws Paramount's embattled CEO Albert Behler into an uncertain future. It also raises a bigger question: Is this a vote of confidence in New York's office market — or is this a sign the office market has a long way to go until it makes a full comeback? ⁠ ⁠ From who exactly Rithm is, to why Paramount ended up on the auction block and what the deal signals for the industry, Keith Larsen has all the answers. Read his full report at the link in bio.⁠ ⁠ 🎨 31 West 52nd Street, 1301 Avenue of the Americas, 1325 Avenue of the Americas and 1633 Broadway (2) Paramount CEO Albert Behler (3), Rithm CEO Michael Nierenberg (4) 2025-09-27 03:40:25 It w.. 0 -100% 2 -90%
New York City's pension funds are the latest casualty of the state's 2019 rent law. An analysis by our TRD Data team found that two city-managed pension funds invested in rent-stabilized housing with Related and Hudson have lost 69 percent of their value — plunging from $531 million in 2019 to $165 million today.⁠ ⁠ The numbers underscore what many landlords have long argued: that the Housing Stability and Tenant Protection Act effectively capped revenue, fueled vacancies and sent building values into freefall. Watchdog groups now warn of a 2025-09-26 23:33:17 New Yor.. 0 -100% 48 +149%
How does Tao Group co-CEO NoahTepperberg keep his clubs hot while others fade? At 50, the nightlife mogul says the secret is staying inside the culture — from spending time in his venues to leaning on younger staff to spot what’s next. The TaoGroupHospitality entrepreneur's ventures span Marquee and Hakkasan to Lavo, Beauty & Essex, Crane Club and, of course, TAO in all of its iterations. Watch his Coffee Talk with TRD’s MrKorangy for more on building global brands, reading trends, oversaturated markets and what’s next for nightlife. 💬 Comment WATCH and we’ll DM you the full convo! 2025-09-26 21:04:15 How does Tao.. 0 -100% 72 +274%
Join The Real Deal and BSH on October 16th for 2025-09-26 19:24:02 Join .. 0 -100% 2 -90%
The Real Deal’s LA Roundtable gathered a network of Los Angeles power players at Mother Wolf for Building Back LA, a spirited discussion on the city's present issues and what the real estate industry can do to empower its future. In the inaugural edition of our Roundtable series sponsored by BSH, TRD's editor-in-chief StuartElli hosted a conversation led by Cityview's Sean Burton, ChristiesSoCal.RE's AaronKirman and Cain International's Larry Green. Watch as Cityview CEO Sean Burton — who leads LA’s largest multifamily developer — lays out the reality facing the nation’s second-largest city: the housing crisis is real, and the stakes have never been higher. Want to hear the full conversation — including Burton and more LA real estate leaders’ takes on Measure ULA, wildfire rebuilding and LA's development future? 💬 Comment WATCH and we’ll send you the full Roundtable video straight to your DMs. This conversation was made possible by sponsorships from BSH Home Appliances Corporation BoschHomeUS ThermadorHome GaggenauOfficial 2025-09-26 03:50:00 The Re.. 0 -100% 7 -64%
The house always wins — and today, so did Yonkers and Queens. 🎲 Committees unanimously advanced two downstate New York casino bids. Both MGM Empire City in Yonkers and the Queens Aqueduct Casino, operated by Malaysian conglomerate Resorts World, already operate racetracks with machine gambling. ⁠ ⁠ Both now wait on the state board to deal the final hand: just three coveted casino licenses.⁠ ⁠ 🎰 If MGM secures a license, it plans a $2.3 billion expansion of its current facility in Yonkers, adding a 5,000-seat entertainment venue, new restaurants and upgrades to Yonkers’ public infrastructure. Yonkers City Council has approved necessary zoning changes, and the mayor is on board.⁠ ⁠ 🎰 Genting, meanwhile, is proposing a $5.5 billion expansion of Resorts World in Jamaica, Queens, with new gaming space, 2,000 hotel rooms and an entertainment complex — plus a pledge to build 50,000 workforce housing units citywide. The plan has the backing of Queens Borough President Donovan Richards. 2025-09-26 02:51:50 .. 0 -100% 26 +35%
Hilton Hilton co-founders and co-CEOs Barron and Tessa Hilton have left their namesake brokerage to join Compass in Beverly Hills and Palm Beach.⁠ ⁠ The jump comes just days after Compass announced its $1.6 billion acquisition of Anywhere Real Estate. The husband-and-wife duo says the move will give their clients 2025-09-26 00:33:35 Hilton.. 2,283 +1,729% 67 +248%
She thought she'd found the New York dream: a two-bedroom in East Harlem for $450,000, with monthly charges under $600. But once Ayana Green moved in, the red flags started piling up.⁠ ⁠ The co-op board brushed off requests for a shareholder meeting and basic documents. Several people owned multiple apartments, never living in them, despite a primary-residence requirement. Bank records showed $800,000 was drained from the building’s account.⁠ ⁠ After the co-op's leadership kept control of the board in a contested election, more than a dozen dissident shareholders sued. Their attorney soon unearthed a convoluted history of insider deals that ran afoul of the building’s rules and its legally mandated mission to provide affordable homeownership.⁠ ⁠ What should have been a rare foothold for working-class New Yorkers has instead spiraled into a bitter courtroom battle over control of a building that the city sold to tenants for $250 apiece in 2001.⁠ ⁠ Read Erik Engquist's investigation at the link in bio. 2025-09-25 20:30:58 She t.. 0 -100% 6 -69%
Suffering from stupidity? You may need a new prescription – or a subscription to The Real Deal. Check out TheRealDeal.com every day. Guaranteed to help clear real estate market-related confusion and increase conversation flow. 2025-09-25 19:51:24 Suffering from stupidit.. 0 -100% 59 +207%
Chicago real estate investor Chikoo Patel once styled himself as a rising multifamily player, amassing control of dozens of distressed South Side buildings through his firm, CKO Real Estate. But what once looked like a rapid rise is now unraveling into scandal.⁠ ⁠ Patel is accused of running what former partners describe as a 2025-09-25 02:25:15 Chi.. 0 -100% 8 -58%
Elon Musk's Texas land grab is bigger than anyone thought. His companies now control 500+ properties and more than 6,000 acres across the Lone Star state — from Starbase, SpaceX's de facto company town at the southern border, to the portfolio's crown jewel, the 2,500-acre Giga Texas factory complex in Austin. Hidden behind bland names like 2025-09-24 23:36:16 Elon Musk's Texas l.. 0 -100% 8 -58%

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