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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Move over, Preston Hollow: $16M Plano estate sets price record

1 day 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.
Open Primaries May Elect More Real Estate-Friendly Candidates

1 day ago | therealdeal.com | Erik Engquist

Voter turnout in New York City fell from 60 percent in 1989 to 23 percent in 2021. That is not a top-of-mind issue for the real estate industry, but it should be. When few people vote, the winners represent “a sliver of the electorate,” election lawyer Jerry Goldfeder of Cozen O’Connor noted. New York City has many heavily Democratic districts where the Democratic primary winner — chosen exclusively by Democratic voters — always wins the general election.
Live Local developers eye outcome of civil lawsuits and latest bill

2 days ago | therealdeal.com | Katherine Kallergis

Florida lawmakers recently strengthened the Live Local Act’s state control over municipalities, aiming to crack down on cities and counties that try to block applications filed under the workforce housing law. The amendments, unanimously approved by the House and Senate, which now await Gov. Ron DeSantis’ signature, are geared toward encouraging more Live Local Act projects.
Kayne Anderson, JDL eyeing south side of Lincoln Yards as JP Morgan exits

2 days ago | therealdeal.com | Sam Lounsberry

Jim Letchinger is holding open the door for Jamie Dimon to exit the troubled Lincoln Yards megadevelopment on Chicago’s North Side. Letchinger’s Chicago-based firm, with financial backing from investment firm Kayne Anderson, is in negotiations to buy the entire 53-acre site of the proposed $6 billion plan on either side of the Chicago River between Lincoln Park and Bucktown, according to multiple sources familiar with the matter.
Mayoral Candidate’s Rent Tweet Angers Multifamily Owners

2 days ago | therealdeal.com | Erik Engquist

Daily Dirt might have to become Hourly Dirt. That is, at least until the Democratic primary to keep up with all the spin from mayoral candidates — Zohran Mamdani in particular. The socialist complained in late 2019, during his successful Assembly campaign, about the rent for his Astoria apartment — even though it was rent-stabilized at $2,000 a month. On Tuesday, columnist Nicole Gelinas and the New York Apartment Association’s Jay Martin recirculated Mamdani’s tweet.
Former Brooklyn Heights farmhouse leads borough’s luxury market

3 days ago | therealdeal.com | Sheridan Wall

A historic Brooklyn Heights property that was once a farmhouse topped the borough’s luxury market last week. The townhouse at 104 Willow Street, asking just under $12 million, was the most expensive home in Brooklyn to find a buyer between May 5th and May 11th, according to Compass’ weekly report. The Federal-style home was built in the 1820s by a Scottish immigrant who kept the Merino sheep he imported in the backyard, the New York Times reported in 2013.
Death loop: Inside New York’s Kafkaesque hardship program for landlords

3 days ago | therealdeal.com | Erik Engquist

If you saw the story of a landlord’s fruitless quest for a city program to help money-losing, rent-stabilized buildings, you know its unhappy ending: The city has no such program. It turned out that the owner’s problem — operating costs exceeded rent revenue — was so elemental that the city had nothing designed for it. However, the state does. The program lets landlords raise rents if they can prove they are strapped for cash.
Miami-Dade scores $112M in weekly condo sales, $28.6M PH tops list

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

Miami-Dade County’s condo sales and dollar volume dropped in the second week of May. Brokers closed 91 condo sales totaling $111.9 million from May 4 to May 11. The previous week, brokers closed 157 condo sales totaling $136.9 million. Last week’s units sold for an average of $1,230,121, higher than the $871,712 average price from the previous week. The average price per square foot rose to $660 from $568, according to data from Redfin.
Side by Side: City Real Estate acquires Generation Real Estate

4 days ago | therealdeal.com | Emily Landes

Side’s biggest San Francisco agency City Real Estate, has acquired another top Side firm: Generation Real Estate. Generation, founded by Lamisse Droubi and headquartered in Noe Valley, will come under the City Real Estate brand, which is headed by David Cohen. Both Cohen and Droubi were on The Real Deal’s list of top agent teams in the city in 2024 and the combined agencies will now have 67 agents who recorded over $814 million in sales volume across 460 transactions in 2024.
German developers launch condo sales for Cloud One Hotel & Residences Wynwood

4 days ago | therealdeal.com | Katherine Kallergis

A German partnership is moving ahead with plans for Cloud One Hotel & Residences Wynwood, a mixed-use project with condominium and hotel components. ALP.X Group, Motel One and Büschl Group plan to launch condo sales this month, the developers told The Real Deal. They tapped Douglas Elliman to lead sales. Motel One, a hotel group based in Munich, Germany, owns and operates Cloud One. Cloud One has one U.S. site in New York City.