Kevin O'Leary Backs Utah AI Data Center Venture
#MrWonderful joins the #AI gold rush. #SharkTank's #KevinOLeary part of group pursuing 40000-acre prop in #UT to be anchored by a, you guessed it, #datacenter. #realestate #warehouse #MartySupreme #GreatSaltLake https://t.co/5TwcPOIBmB via @WSJ
Goodman Buys Newark Brewery for $360M, Plans Logistics Hub
1 of #NJ's highest profile props goes for $360M. The old #AnheuserBusch #brewery in #Newark sold to #Goodman, w/dn say what it w/do w/it. Hint, it bought ex #DailyNews plant in #JerseyCity, w/it is turning into a #logistics center....
Residential Demand Outpaces Supply; Developers Add Luxury Amenities
Call it the #Wrey. #GFP not stopping at #conversion of #222Broadway to resi. Adding pool, film screen, spa. Nationwide 90K+ units in pipeline. 'Demand for resi, specially in this nabe, far outstrips supply' #NYC #LowerManhattan #FiDi #realestate #CRE https://t.co/x7MXBrH6Zd
Malba Prices Surge 61% to $2.5 M Median
Welcome to #Malba, #NYC's 5th priciest nabe. Shot up 61%, w/view of #WhitestoneBridge. Median price at $2.5M. 'Only a v/limited inventory. Hop+a skip to a v/easy commute' #realestate #mortgage #Queens #PropertyShark https://t.co/ZuxcSVj3eN
Weitz and Rutter Poised to Dominate Miami Real Estate
Are #DavdWeitz+#ErikRutter the biggest thing to hit #Miami since #DonJohnson? Their #OakRowEquities h/2 projects down w/4 to go. 'Give these guys 2 or 3 more cycles+they w/have 20-30 bldgs.'#realestate #CRE #SoFla #condo #Tishman #Oasis #WynwoodPlaza #NYC https://t.co/BpiHhSfOby
HDR Engineering Lifts 7 Penn Plaza to 90% Occupancy
Doings in #PennDistrict: Employee-owned #HDR Engineering takes 3 floors, 73KSF, at #Feil's #7PennPlaza. bringing bldg near #PennStation to 90%. #realestate #CRE #NYC #JLL #architecture https://t.co/AajGJQmGvk
Reffkin Steps Back, Elevates Navab at Compass-Anywhere
Now that #RobertRefkin h/conquered #realestate, he is backing off+letting folks like #NedaNavab take higher profiles. How he's letting others run the show at the combined #Compass-#Anywhere megafirm. #realestate #CRE #mortgage #brokerage https://t.co/yaMObh60gK
Real Estate Tycoons Turn to Affordable Housing, Tax Credits Double‑Edged
How #realestate tycoon are becoming do-good-niks. How oddball financing of #affordablehousing lures private investors. #LowIncomeTaxCredits may be a 2-edged sword. #InvestChattanooga #realestate #CRE #multifamily #tax https://t.co/gJmYuXdavA
Iconic Fallingwater‑style Walter Hall Home Listed for $2.75M
Imagine #Fallingwater w/o the falling water (well a little). That's what #WalterHall's #PA home looks like+it's no accident. Now it's for sale for $2.75M. #realestate #mortgage #architecture #FrankLloydWright #NationalRegister https://t.co/mVHz1beG3Q via @WSJ
Markets Thrive While Sentiment Falters and Rates Rise
How c/#SP500 be near all-time high but consumer sentiment near all-time lows? How c/#realestate keep rising despite higher #interestrates? Digging into why that is w/#BarryRitholz #CRE #JonathanMiller #mortgage https://t.co/DD3PjMWqhj https://t.co/9brss3I1U7
Anthropic to Lease Entire 330 Hudson, Redefining NYC AI Hub
#AI takeover on #HudsonSt. #Anthropic, the co behind #Claude, set to lease the entire #330Hudson. That's 466KSF. #HudsonSquare w/never be the same. #AEW #realestate #CRE #tech #NYC #Mythos #SanFran #JLL https://t.co/Q4MmpTrfy2
Powell Remains on Fed Board as Rates Hold Steady
You're not quite rid of me. #JeromePowell sez he w/remain as #TheFed governor after his term as chairman ends. Bank holds #interestrates steady. #KevinWarsh era about to begin. Most divisive the board has been in decades. #realestate #CRE #mortgage #Trump...
NYC Housing Column Highlights Ubiquitous Ultra‑Wealth
The bard of #housing in #NYC partners w/#TRD on column, to include his famed qtr report that previously ran for #Elliman. #JonathanMiller: 'Good grief I've been writing about uber wealth. It is literally in our faces every single day' #realestate...
AI Startups Fill Trendy NYC Space, yet Remain Empty
Flashy but mostly empty. Cash-rich #AI startups flood into downtown, taking up the most fashionable space. But it may be mostly a Potemkin village. #NYC #FlatironDistrict #MadisonSquarePark #MidtownSouth #NoMad #realestate #CRE #tech https://t.co/09Y44t6Y02 via @WSJ
MJ's Final Home: $100M/Month LA Mansion, Not Neverland
#Neverland wasn't forever. #MichaelJackson's last home not that strange estate, but this $100G/mo #LA mansion, w/w where he died. Has private theater. #Carolwood #HolmbyHills #SoCal #realestate #mortgage https://t.co/g864Qd5mJx
Ben Simmons Lists $15M Brooklyn Condo Amid NBA Woes
Falling upward. #NBA failure #BenSimmons seeks $15M for his #Dumbo apt. Wonder if he's crying all the way to the bank? 'A true sanctuary' #realestate #condo #NYC #Brooklyn #Nets #76ers #mortgage #multifamily #Australia #Bearbrick https://t.co/hOdySN50Df
Rithm Invests $250M to Rebrand ElecorProperties, Elevate Office Experience
#ElecorProperties. You know them as #ParamountGroup. New owner #Rithm gives them a $250M sprucing up, new name. They pledge to 'elevate the office exp+set a new standard for what a bldg c/offer' #1633Broadway #1301AofA #712Fifth #NYC #realestate #CRE ...
Retail Footprints Shrink as Tenants Favor Prime Sites
If you can get tired walking around it, it's probly too big. #Retail recalibrating. Tenants shrink their footprints. Demand concentrating on top-tier locations. #realestate #CRE #NAIFarbman #ICSC https://t.co/SwWQPgBj0G
Hochul's Pied‑à‑terre Tax Faces Pushback After Citadel Threat
Making hedgie #KenGriffin the poster boy in #Hochul push for #piedaterre tax on 2d homes of $5M+ not a good idea as #MayorMamdani eases tone after #Citadel threatened to walk away from $6B tower #Vornado+#Rudin building on #ParkAve. #NYC #realestate...
101 Park Hits 98% Occupancy with Vanderbilt Lease
Look no further than #101Park for #CRE success. 3 new leases-1 from #1Vanderbilt-brings occupancy to 98%. 'A very special place w/expansive views, column free.' Also w/does #GaryBarnett have in mind for #FriarsClub? #NYC #Kalikow #realestate #GrandCentral https://t.co/4VrOekeMKd
Debate Over $2B Hudson Yards Public Funding Intensifies
Is $2B of public $$ for a platform over W #HudsonYards too much? Not 1 of #MayorMamdani's priorities as pressure mounts to cancel #MayorAdams deal. 'We believe mayor w/n want to invest in such projects but can't take it as...
Bears' $2B Stadium Faces $100M Developer Hurdle
#GeorgeHalas must be spinning in his grave. Price of keeping the #Bears may incl $100M+ for dvprs before a dime spent on the $2B stadium, as #IL angles to keep them in northern IL. #Chicago #NFL #football #realestate #CRE #ArlingtonHeights...
Mayor's Semi‑Socialist Supermarket Sparks Scrutiny Over City Land Use
Engquist: #MayorMamdami's semi-#socialist supermarket in #EastHarlem certainly warrants scrutiny. Like is this the best possible use for a city-owned site? But there are too many inane criticisms. #realestate #CRE #retail #NYC https://t.co/55dUsaeswE
CRE Remains Resilient Amid Inflation and Energy Shocks
Like a sturdy boat in choppy seas, #CRE holds firm w/economy whipped by #inflation+#energy shocks, and it may stay that way for the near-term, at least. 'It's a slow-moving impact for #realestate' #mortgage #TheFed https://t.co/XXyooILXQh
Gary Barnett Proposes 86‑story, 1,198‑ft UWS Tower
A supertall apt house on the #UWS. #GaryBarnett firm plans 86-story, 1,198 ft tower on W67, more than 400 ft above nabe's next tallest bldg, per a #NYC DOB filing. W/yield 430 units. #Extell #realestate #CRE #retail #restaurant #Silverstein #multifamily...
AI Powers Forest Management for America’s Largest Landowner
#Tech advancement meets wilderness, as #Weyerhauser, USA's largest landowner, used #AI to manage its forests. Think autonomous devices dragging felled trees. 'We probly h/as much data on forests as any org on the planet' #realestate #CRE #tech https://t.co/AlJp4iLYyx via @WSJ
Push to Keep Bears in Chicago Amid Indiana Offer
Are #DaBearss #ArlingtonHeights bound? Push to keep storied #NFL team in #Chicago area, on the #IL side, after #IN makes tempting offer. #Bears #realestate #CRE #football https://t.co/59GtWMGcxR
9 West Tower Leads NYC’s Booming CRE Market
Behind the scenes at #9West, hottest tower in #NYC, hottest #CRE market in the country now that #Soliviev h/succeeded h/father, the famously selective #SheldonSolow #realestate #PlazaDistrict #CentralPark #1Vanderbilt #HudsonYards https://t.co/wRXc9HmnCD via @WSJ
KC Baseball Stadium Costs Taxpayers $600M Plus More
#KC's #MLB team gets the #Royal treatment. as $1.9B downtown stadium project announced. City taxpayers w/fork over $600M, unspecified amt from #MO, $800M from team. To anchor 85-acre shopping/dining district. #realestate #CRE #retail #baseball https://t.co/LSyDs9PQK5
Prosecutors Target Nir Meir as Co-Defendants Plead Out
Prosecutors zero in on #NirMeir, alleged mastermind in #XI fraud case as co-def'ts plead out. 1x there were 9 in $86M case. Lux #condos on the Hudson keeps DA busy. #HFZ #NYC #HighLine #realestate #multifamily #litigation #mortgage #ABragg https://t.co/iQFLljggk9
Hamptons Real Estate Inventory Drops 35% in Q1
How low w/inventory go in the #Hamptons where available #realestate, always tight, fell 35% in Q1, following banner 25 that featured sky-high deals? Waiting on 'death, divorce, distress' #NY #LongIsland #mortgage https://t.co/zIdHd23XCX
Vornado Exec's Trust in Solomon Leads to Fraud Spotlight
#Vornado leasing boss #GlennWeiss always thought #JaredSolomon w/1 of his stars, entrusting him w/the co's gigantic #TimesSquare sign. Now that sign is at the heart of fed fraud charges v Solomon 'I trusted Jared' #REIT #NYC #realestate #CRE #retail https://t.co/AH6n4YpWL9
Mark Epstein Poised for $75M Downtown Sale
#MarkEpstein, bro of the notorious #JeffreyEpstein, may get $75M for downtown site he's selling. Why he might be selling 515Greenwich is unclear. C/be dvpmt site. #realestate #CRE #NYC #investmentsales #mortgage #Ossa #Newmark #Dara https://t.co/7DWL9AJygG
Mayor Proposes Insurance Cuts to Ease Rent‑freeze Push
The #democraticsocialist throws kissies at small landlords. #MayorMamdani offers help shaving 20-30% #insurance costs for #rentstabilized+#affordablehousing, w/may be a bid to make #rentfreeze easier to swallow. #NYC #realestate #CRE #multifamily https://t.co/FNOBbI5LwG
Compass Commands 32% Boston Market, Dwarfs Rivals
#Compass poised to bc 'market-dominating force' sez a thinktank. In #Boston, brokerage has market share of abt 32%. Next largest is #Williams at just over 4%. In wake of paying $1.6B for #Anywhere, 2d largest brokerage. #realestate #ConsumerPolicyCenter https://t.co/jvHt9oV5Ou
New Condo Launch Premature; No Units Sold Yet
Don't hold your breath waiting for a new #condo tower to rise on spot of deadly #Sunrise collaps. They haven't sold a single unit. 'Soft launch we did w/premature' #DamacProperties #Fla #Miami #SoFla #mortgage #ChamplainTowersSouth https://t.co/QYfPn5VCXN
Investors Push S&P 500 Record Assuming Iran Peace
War w/#Iran? What war w/Iran? Investors bid #SP500 to record on assumption peace w/be reached before bite on corporate America becomes too severe. #realestate #CRE #mortgage #Trump #energy #StraitofHormuz https://t.co/uyHUttmiNq
CPACE Emerges as Leading Low‑cost CRE Financing
#CPACE fast becoming go-to source of capital for public benefit projects in #CRE. Avg deal size grown from $800G to $40M. 'A flexible+low-cost part of the capital stack' #Nuveen #realestate #mortgage #financing #TheGeneva #DC #Tampa #hotel #condo https://t.co/0YqS0B42NQ
NY Gov Pushes Higher Taxes on Luxury Vacant Homes
If you c/afford a 2d home, you c/afford to pay more #tax, sez #Hochul. #NY guv wants to raise $500M in bid to close deficit. 'If you c/afford a $5M 2d home that mostly sits empty, you c/contribute like every...
Cleveland Transforms Historic Downtown Into Modern Apartments
Nobody does resi #conversions like the #mistakeonthelake. Renters move back to the future as #Cleveland, a nat'l leader in the space, reimagines its historic downtown stock as modern apts. #realestate #CRE #retail #multifamily #mortgage #OH https://t.co/vSGJrrowfU via @WSJ
Reality TV Star Lists $195M Beverly Hills Villa
From #realityTV star to boss of the #GoldenState. #Serhant seeks $195M for #BeverlyHills villa. part of $2B of inventory for new brokerage. #realestate #CA #mortgage #RyanSerhant #MillionDollarListing #PalazzodiAmore #LA https://t.co/B0Y1AJbYBt
Chicago Multifamily Leader Accuses NY Lender of Bait‑switch
#RocNation pulled a fast 1, #Chicago based #multifamily titan #ShayaWurzberger sez. Accuses #NY-based lender of bait+switch regarding his personal guarantee re SouthSide apts. #LevavProperties #realestate #CRE #mortgage #litigation https://t.co/WUYBMmqpVu
Prime Midtown Fetches $700+/Sqft in $385M Deal
$700+/foot for prime #Midtown. #SovereignPartners+#HudsonPoint may pay $385M for #575Fifth, at 5th+47th. #NYC #realestate #CRE #investmentsales #mortgage #Eastdil #Savills #Sakhai https://t.co/rwtwZ6wI0E
Trump's Debt Plan Failure May Raise Mortgage Costs
Another reason you can't buy a home. W/#Trump unable to lay out a plan to stabilize its $38T debt burden, rising financing costs may spill into #mortgages, sez a study. #realestate #multifamily #interesrates #TheFed #TerwilligerCenter https://t.co/Cg69AbZM0H
$240M Deal for 11‑Unit Flatiron Conversion
Is nearly a qtr-$B coming in to the #FlatironBuilding? 11 units at the high-profile office>resi #conversion said to be in contract, w/a price tag of #240M. #CorcoranSunshine #realestate #CRE #NYC #mortgage #condo #Olshan https://t.co/wu2G9DlEe8
Blackstone Launches $2B Data‑center REIT IPO
Welcome to the next iteration of #realestate titan #Blackstone, as a standalone #datacenter #REIT #IPO, sez Bloomberg behind paywall. Targeting $2B, approaching #SWFs, institutional capital #SEC #WallSt #PE #CRE https://t.co/DlILJ51mei
Sergio Pino's Death Sparks Multi‑party Real Estate Litigation
If #SergioPino thought killing himself w/end intrigue re his #Miami #realestate empire, there's at least 1 more thing coming. Estate battle, lawsuits, tug-of-war over props. #CenturyHomebuilders #CoralGables #litigation #TatianaPino #NancyPastor https://t.co/FFyJFeR973
Housing Remains Wealth Engine Despite High Prices, Low Rates
Re #realestate, both #boomers+#millenials have a point. Yes prices are up there, but at least nobody's dealing w/18%. '#Housing is the wealth engine. Many showed up after the train had left the station' #interestrates. #TheFed #mortgage https://t.co/GdH1lcvhQc via @WSJ https://t.co/gHNQsliXgI
Landslides Profit Politicians, Devastate Homeowners
#Landslides: good for pols, bad for homeowners. Dealing w/no power, windows that won't shut, split floors. Also #WSJ newsletter tackles #Cranston, #Herjavic, #Ozzy. #realestate #CRE #mortgage #CA #IMPei #FEMA #RanchoPalosVerdes https://t.co/Ms51DXCjfr via @WSJ
Out‑of‑State Money Fuels Miami Office Boom
Out-of-state interest whips up the #Miami office market, as come-hither conditions attract the well off. 'It's OK to be rich here, it's OK to be poor here. It's not OK to be rich in #LA or #NY' #SoFla #realestate #CRE...