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3 weeks ago | 
therealdeal.com | Judah Duke
The federal government has approved an investor visa petition tied to Kushner Companies’ long-delayed 1 Journal Square development in Jersey City, the company said in a press release, paving the way for more EB-5 funding to flow into the project, which has been under recent scrutiny for its labor practices and past criticism of touting the developers’ connections to President Donald Trump.
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3 weeks ago | 
therealdeal.com | Judah Duke
The co-CEOs of @properties Christie’s International Real Estate are pushing into the fray over a proposal to force agents to list homes on a multiple listing service within a day of signing a listing agreement, calling the measure a giveaway to Zillow and a blow to consumer choice.
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3 weeks ago | 
therealdeal.com | Judah Duke
The historic Crespi Estate in Dallas spawned a spec mansion that hit the market for $17.6 million, making it Texas’ most-expensive listing last month. Dallas developer Mehrdad Moayedi listed the Preston Hollow mansion, at 5531 Walnut Hill Lane, for about $1,467 per square foot, according to the Houston Association of Realtors. Charles Gregory and Ryan Streiff of Dave Perry Miller Real Estate have the listing.
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3 weeks ago | 
therealdeal.com | Judah Duke |Joseph Jungermann
Selling Dallas tech millionaire Matt Rutledge’s Plano estate was an exercise in understanding the Metroplex’s shifting housing market. Ryan Streiff, who had the listing, priced high and opted to forgo an off-market transaction. The home sold after two days on the market and set a record in Collin County, fetching $15.9 million at closing ($1,289 per square foot). Streiff leads the Perry Miller Streiff group with Ebby Halliday Companies subsidiary Dave Perry Miller Real Estate.
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1 month ago | 
therealdeal.com | Judah Duke
A Canadian investor is betting on Chicago’s parking sector while others steer clear. Toronto-based Clermont has spent more than $100 million over the past four months acquiring four downtown Chicago parking garages with over 3,200 spaces, CoStar reported. The buying spree includes properties near Millennium Park and the Merchandise Mart. The purchases come as other operators are exiting the market amid remote work headwinds, rideshare disruption and looming congestion pricing policies.
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1 month ago | 
therealdeal.com | Judah Duke
Chicago’s life-sciences market is still waiting for its breakout moment. It is the smallest of any major U.S. hub by square footage, yet it has a vacancy rate of 43.3 percent, more than double the average across the country’s leading biotech markets, according to CBRE. The average vacancy for the lab and research-and-development sector across the top 13 metros rose to 21.4 percent in the first quarter, with leading markets Boston, San Diego and San Francisco all hovering just above that mark.
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1 month ago | 
therealdeal.com | Judah Duke
Engel & Völkers Dallas hired Bret Whitfield as director of its Park Cities office, along with six agents, from The Agency. Whitfield, who helped build The Agency’s Dallas team from three to over 50 agents, brings a track record of $300 million in sales volume last year, according to a news release, and a string of industry awards. He’ll lead recruiting and growth for Engel & Völkers, which also brought on Debbie Soriano, Jacob Wilson, Zach Bell, Kathryn Herrerias, Dakota Deal and Nora Windham.
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1 month ago | 
therealdeal.com | Judah Duke
A Dallas millionaire who made his fortune in the internet’s early days sold his suburban home in a record-breaking deal, the latest signal of affluence migrating north of the city. Woot.com founder Matt Rutledge’s sprawling estate in Plano sold for $15.9 million, or $1,289 per square foot, in what brokers say is the highest-priced residential transaction ever recorded in Collin County.
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1 month ago | 
therealdeal.com | Judah Duke
Keller Williams Realty is changing up its executive leadership amid broader shifts in the brokerage business. The Austin-based brokerage appointed a new chief financial officer and confirmed its chief operating officer. KW named Tim Dieffenbacher as CFO, while Stacie Herron was appointed COO after serving in the role on an interim basis, a news release said. Herron will continue in her position as chief legal officer, a role she has held since 2021.
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1 month ago | 
therealdeal.com | Judah Duke
Austin’s luxury home market showed signs of a spring thaw last week, with higher deal volume and the number of listings over $2 million climbing. The week’s biggest closing was a $6.75 million deal at the Four Seasons Residences downtown, where a 24th-floor condo with sweeping Lady Bird Lake and skyline views found a buyer.
