The Real Deal (Los Angeles)

The Real Deal stands out as the leading real estate news source in the United States, connecting with millions of industry professionals every day via digital platforms, print editions, social media, and events. Our audience relies on us for timely news updates, market insights, tailored research, exclusive rankings, deal evaluations, profiles, trends, and a variety of other resources. Over the last five years, we have been honored with over 50 awards for our outstanding editorial quality, including the prestigious General Excellence award from the Society of Business Writers and Editors.

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What’s Happening With The Hamptons’ Rental Market?

1 day ago | therealdeal.com | Sheridan Wall |Matthew Elo

Sizing up the Hamptons rental market on an empirical basis has always been a challenge. Data are often incomplete, disjointed or biased toward the collector. As a reporter, the lack of conclusive numbers means relying largely on anecdotal takes from brokerages and agents locking down deals on the ground. But by all accounts, the rental market Out East has changed drastically post-pandemic. As The Real Deal reported in the latest issue of the magazine, the typical three-month stay is in the rearview.
Rancho Palos Verdes Council Clears Path for New Housing

2 days ago | therealdeal.com | Abigail Nehring

Rancho Palos Verdes has waved the white flag in its standoff with YIMBY reforms. The Rancho Palos Verdes City Council voted Tuesday to keep the zoning changes it adopted in its housing element last April rather than wade into uncharted legal territory to block a 16-unit development maligned by neighbors on a picturesque ocean bluff overlooking Catalina Island.
Brazilian soybean moguls relist $6 million historic Hinsdale home

2 days ago | therealdeal.com | Kelli Duncan

Soybean mogul Aluizio Riberio is headed back to Brazil with his family less than a year after he paid $6 million for a renovated, century-old home in the wealthy Chicago suburb of Hinsdale. The historic home, which was heavily renovated in 2023, is back on the market priced just below what Riberio paid for it in August of last year.
Sutton, Gindis Hit With Pre-Foreclosure Suit

2 days ago | therealdeal.com | Lilah Burke |Matthew Elo

TD Bank hit a group of investors, including billionaire Jeff Sutton of Wharton Properties, Eli and Jeffrey Gindi and brand investor Steven Russo, with a pre-foreclosure suit over mortgage default at a Midtown retail condo. Investors took out a total of $20.3 million from lenders in 2013 for 15 West 34th Street, but despite several extensions, have failed to pay back $17.8 million by the late-April maturity date, the lender claims in the suit.
Domus’ 30-story multifamily ask is game-changer for Fulton Market

2 days ago | therealdeal.com | Emma Whalen

Real estate professionals and Fulton Market residents are questioning whether a proposed 30-story apartment tower will usher in a new level of high-density development in the former warehouse district. Currently defined by mostly three story brick warehouses converted for office and retail, Fulton Market has drawn attention from highrise apartment developers in recent years.
Long-held Preston Hollow retail strip sells in tight market

2 days ago | therealdeal.com | Jess Hardin

Berlin Interests has broken into the prestigious Preston Hollow neighborhood with a retail purchase. The Dallas-based firm that specializes in land plays bought the shopping center at 11810 Preston Road, according to a news release. The seller is a partnership controlled by the Dewberry Family, which has owned the property since 1999. Younger Partners’ Luke Nolan set up the deal.
Holly Parker withdraws clawback lawsuit against Douglas Elliman

3 days ago | therealdeal.com | Ellen Cranley |Katherine Kallergis

Veteran agent Holly Parker has withdrawn her lawsuit, possibly ending the battle with her longtime brokerage upon her exit from the firm after 24 years. Parker filed a lawsuit against Elliman in April after the brokerage demanded $1.6 million in clawbacks that included commissions owed, advertising, payments to her team members and car service charges. In her complaint, she alleged she was owed commissions on deals that closed after she left Elliman. The top agent operates in New York and Miami.
NYC Opportunity Zones disproportionately helped higher-income developments, not affordable housing: report

3 days ago | therealdeal.com | Kathryn Brenzel

The Trump administration has framed Opportunity Zones as a housing program. In fact, one of its biggest champions leads the federal housing agency. But the national program, which allows investors to defer capital gains taxes if they park those profits in a fund that pours money into areas designated as distressed, isn’t explicitly a housing program, let alone an affordable one.
Broward County Weekly Condo Sales Rise to $43M

3 days ago | therealdeal.com | Kate Hinsche |Adam Farence

Broward County’s condo sales and dollar volume rose in the last week of May. Brokers closed 127 condo sales totaling $43.4 million from May 23 to May 31. The previous week, brokers closed 89 condo sales totaling $25.6 million. Last week’s units sold for an average of $341,962, higher than the $287,503 average price from the previous week. The average price per square foot rose to $266 from $250, according to data from Redfin. For the top 10 sales, prices ranged from $800,000 to $2.5 million.
The Daily Dirt: Suspense builds as FARE Act deadline nears

3 days ago | therealdeal.com | Kathryn Brenzel

Next week, the FARE Act goes into effect. Or does it? The Fairness in Apartment Rental Expenses, or FARE, Act, which bars forcing tenants to pay for rental brokers hired by landlords, is slated to go into effect June 11. The Real Estate Board of New York filed a lawsuit challenging the law in December. The following month, it filed a motion seeking a preliminary injunction to prevent the law from going into effect while its lawsuit makes its way through the court.