NYC’s Ultra‑Luxury Condo Turns Wealth Into Playground
Inside #NYC's most secretive #condo project #80Clarkson overlooking the Hudson+its 'sophisticated fun house.' Where being rich means indulging your inner child. Also #Zuckerburg's new #Fla pad, #Napa+more. #realestate #mortgage https://t.co/LMkqpwmmCt via @WSJ
Millionaires Splurge on $250 M Custom Home Aquariums
Something's fishy in high-end #realestate. Folks w/pay 6 figures or more to decorate their lux homes w/#aquariums to die for. Eric ponied up $250G for custom tank in his #DelRayBeachFL abode w/displays 9 kinds of tropical fish. #mortgage https://t.co/nHLpINTVJ8 via...
Compass Merger Triggers 110 Layoffs; Anywhere HQ Available
If you work for #Anywhere in #MadisonNJ, you might want to polish up your resume. Merger w/#Compass costs 110 jobs at combined #brokerage giant. 270KSF Anywhere HQ up for lease. #realestate #MandA #mortgage #NJ #layoffs #JLL #RobertReffkin https://t.co/4SsKTtsrg2
Youth Group Targets Jonathan Chu over Chinatown Displacement
Engquist: Landlord derangement syndrome in #Chinatown? #YouthAgainstDisplacement tries to make a villain out of #realestate figure #JonathanChu, w/#dimsum #restaurant in middle. #JingFong #NYC #CRE #MuesumofChineseinAmerica #NYC #realestate https://t.co/eECp9ouAPX
Sergey Brin Joins Tech Elite with $51M Miami Purchase
Another boldface #tech name decamps to #SoFla. #Google cofounder #SergeyBrin pays $51M for waterfront home of #LVMH boss #MichaelBurke on #AlisonIsland, joining the #Zuckerbergs+fellow Google creator #LarryPage. #realestate #mortgage #Miami #CoconutGrove https://t.co/3BfAXAnLCz
Mayor Mamdani's Optimism Cracks over Tax and Housing Plan
Engquist: Ding ding ding. Cracks appear in the resolutely optimistic #MayorMamdani's armor as qs rise over prop #taxes+#Sunnyside #affordablehousing. #realestate #CRE #multifamily #NYC #Queens https://t.co/SKMyuFhL5X
Historic Ace Greenberg NYC Home Hits $30M Market
If you <3 all the curlicues of a bygone era+you got $30M to kill, check out the 1-time #UES home of legendary #BearStearns boss #AceGreenberg at #845Fifth, listed for the 1st time in nearly 60 years. #realestate #mortgage #NYC https://t.co/yGfdf3s8TU
Former Owner Might
#Auction on #5thAve. 80KSF #681Fifth, a McKim, Mead&White design, goes for just $100G to #WellsFargo. But #RobertSiegel, who lost it thru #foreclosure, may have some cards up his sleeve. Proceeding barely a min. #realestate #CRE #NYC https://t.co/eiDjaAGEuc via @CrainsNewYork
Zuckerberg Spends $170M on Miami Island Bunker
#Zuckerbergs finally come clean abt '#billionaire bunker' they paid $170M for in #IndianCreek on exclusive island near #MiamiDade, w/neighbors #TomBrady+#CarlIcahn. Sellers are cosmetic surgeon #Rollins+his wife, a #realestate agent. https://t.co/XiDLXgs3lQ via @WSJ
Sunnyside Yard Redevelopment Aims to House 12k Families
At 192 acres, #SunnysideYard w/the largest coach yard in the world w/it opened in 1910+w/#MayorMamdani wants to put 12K families. +He wants #Trump to ok #21B in fed $$ for it. 'In a city w/land is so precious, here lies...
1540 Broadway Hits 50% Occupancy, Targets 80% by Q2
#1540Broadway, fka the #Bertelsmann bldg, reaches 50% as #Pandora 2xs its space+#Korean bank signs for 18.5KSF. 'We expect to be well on toward 80% by the end of Q2' #GFP #MSD #MichaelDell #realestate #CRE #WooriBank #Newmark https://t.co/jMCtLaQVv3
Neumann's $445M Exit Sparks Outcry Over School Plan
Debris poured into #SoFla's #RaderMethodist as #Neumann, who got $445M to leave #WeWork, incites local ire. They proposed replacing town's most iconic bldg w/nature-focused K-12 #Jewish school. #ElPortal #Flow #realestate #CRE #MiamiDade #coworking https://t.co/65egJZS2xO
Ivana Trump's Former NYC Townhouse Halves Price to $14M
The fancy-schmancy townhouse where the 1st Mrs. #Trump lived goes for a deeply discounted $14M. Original ask was $26.5M. Has no full-on kitchen. 'My mom absolutely loved that house' #Ivana #NYC #realestate #mortgage #UES https://t.co/49RjM6YgHM via @WSJ
Data Center Outages Threaten Power Grid, Prompting Drastic Action
Dark side of the #datacenter craze: unplugging. Abt 40, using enough power for 1M homes, simultaneously went offline last year, forcing the #VA operator into drastic action. 2d such incident. #realestate #tech #AI #warehouses #industrial https://t.co/zdjJyMPnlt via @WSJ
Condo Owners Fight Demolition of Miami’s 1964 Tower
How a see-thru bldg came to be on some of America's hottest #realestate. 10 #condo owners sued the teardown of a 1964 tower on #Miami waterfront+neither side looks ready to budge. #multifamily #SoFla #litigation #TwoRoads #Marriott #Biscayne21 https://t.co/3FoaZTV7hq via @WSJ
Mayor Pushes 12,000‑unit Sunnyside Yards Development Plan
2 guys from #Queens talk #realestate. #MayorMamdani touts plan to build 12,000 units on #SunnysideYards. Probly w/need fed $$. 'It's important we connect nabes' #CRE #multifamily #affordablehousing #MitchellLama #NYC https://t.co/6WMns2brrh
Co
#RealEstate data giant #CoStar thinks of itself as a winner but thus far #WallSt treating it as a loser, as it fell below $45/share 1st X since 19. #Florance touts https://t.co/OfrVvw8tgH's new #AI platform, sees rivals as 'doomscrolls' #CRE ...
Austin Rents Set to Rebound as Vacancy Dries
#Austin poised for another moment. Rents there w/probably rise in coming months after falling last 10 qtrs as trove of empty apts starts to run dry. #realestate #CRE #multifamily #tech #mortgage #investmentsales https://t.co/meHbZSFqVN via @WSJ https://t.co/T2gRvG2Sc2
Amex Anchors 2WTC, Enabling Long‑delayed Spire Construction
Looks like #1WTC's "little" brother w/finally reach the sky, if a little late. #Amex agrees to be anchor tenant for #2WTC, clearing way for #Silverstein to erect long-stalled 55-story spire, almost 25 years after terror. #NYC #CRE #WTC https://t.co/5zFupdpk1N...
Kali Chaudhuri Bets $470M to Revitalize LA Towers
#KaliChaudhuri looked at #LA's graffiti-scarred towers+saw potential. Poised to pay $470M for #OceanwidePlaza, storied for its #Chinese failure,+its 2 brethren. 'I'll try my very best to turn it around+make it a jewel' #realestate #multifamily #KPC https://t.co/CANYdyTniX
Yoda Targets Transamerica Pyramid Amid German Investor Pressure
#Yoda to buy #TransamericaPyramid, #SanFran icon. as seller #Shvo faces mounting tension w/#German investors. #BVK #DeutscheFinance #realestate #CRE #BayArea #mortgage #foreclosure #MandarinOriental #Egypt https://t.co/7oosJbQTvE
Amazon Invests $12B in Shreveport Data Centers, Boosting LA Jobs
#Amazon in $12B love affair w/#LA as it plans series of #datacenters near #Shreveport. 'Puts LA at center of operations relied on acx country+connects our community to jobs' #ecommerce #infrastructure #realestate #CRE #AI #electricity #GovLandry https://t.co/27YgUCMaNa
SCOTUS Decision Adds
For #CRE investors who crave stability, Fridays' #SCOTUS ruling w/a big 'huh?' W/#Trump moving for alternatives to impose #tariffs. 'This is a very convoluted system. The devil's always in the details.' #realestate #IEEPA #supplychains #warehouse https://t.co/aIdO8aeSdM
NYC Real Estate Stumped by Roosevelt Hotel
#NYC #realestate scratches its head over future of #RooseveltHotel as owner #Pakistan embraces redev under a #JV, an idea that's only been kicking around for 5 years. #DC baffled. #hotel #GrandCentral #CRE #Trump #GSA https://t.co/quNa74iZS1
Affinius Deal Values Veris REIT at $3.4 B
Fuggetabout all that tsouris over investors claiming #Veris, fka #MackCali, w/undervaluing itself. #Affinius group in deal that values #REIT at $3.4B. #WallSt #multifamily #residential #VistaHill #realestate #CRE #Kushner https://t.co/W7mr3PhzY4
Vanbarton Leads Office‑to‑Residential Conversion Surge
The office>resi #conversion frenzy+#Vanbarton's central place in it. Boss #RichardACColes discusses that+other issues. #NYC #realestate #CRE #multifamily #MayorMamdani #467M #NoMad #mortgage https://t.co/ceQM1ZXDsf
AI Disrupts Real Estate, Questioning Need for Physical Space
An entire industry's dilemma: Can #CRE convince investors you need humans who need 3D space for stores, warehouses, offices? #AI anxiety bites hard. 'The threat is the 28yo broker who can deliver in 2 hrs w/used to take 2 weeks'...