Breaking News - Real Estate - The Real Deal

BXP’s proposed tech campus site in downtown San Jose goes up for sale

TRD Staff — Tue, 20 May 2025 15:28:44 +0000

BXP’s proposed tech campus in downtown San Jose could be in limbo as the development site goes up for sale. The 3.7-acre parcel, located at 447 South Almaden Boulevard across the street from the San Jose Convention Center, is on the market for an undisclosed amount, the Mercury News reported. BXP proposed the development when […]

This article originally appeared on The Real Deal. Click here to read the full story.

Bank OZK to seize chunk of Sterling Bay’s Lincoln Yards

TRD Staff — Sat, 29 Mar 2025 04:33:51 +0000

In a significant blow for Sterling Bay’s struggling Lincoln Yards project, the Chicago-based real estate firm has conceded a substantial portion of its planned development site to lender Bank OZK. The move involves transferring the northern segment of the proposed 53-acre development through a deed in lieu of foreclosure, marking a pivotal setback to Sterling […]

This article originally appeared on The Real Deal. Click here to read the full story.

Chicago’s Pulaski Savings collapses in first bank failure of 2025

Suzannah Cavanaugh — Sat, 18 Jan 2025 01:47:53 +0000

Illinois regulators closed Chicago-based Pulaski Savings Bank on Friday evening in the first bank failure of 2025. The closure comes on the heels of last year’s predictions that “hundreds” of small lenders would collapse through 2026 under the pressure of higher interest rates. After the Illinois Department of Financial and Professional Regulation shuttered Pulaski, the […]

This article originally appeared on The Real Deal. Click here to read the full story.

NRP Group adding $92M project to strong affordable housing pipeline

TRD Staff — Mon, 13 Jan 2025 22:44:23 +0000

NRP Group plans to develop a $91.6 million affordable apartment complex on San Antonio’s East Side. The Ohio-based developer is seeking approval for the 336-unit Lakeside Lofts, near the intersection of Loop 410 and Rigsby Avenue. The estimated construction cost comes to $272,600 per unit. The project will sit 19 acres at 5606 U.S. Highway […]

This article originally appeared on The Real Deal. Click here to read the full story.

Landlords call tentative deal “housing policy disaster”

Kathryn Brenzel — Sat, 13 Apr 2024 11:33:55 +0000

News of a potential housing deal late Friday by New York lawmakers elicited furious responses from some landlord and tenant groups. The framework is said to include a replacement 421a program, a version of “good cause eviction” and a lifting of the city’s cap on residential density. It could also include a tiered system allowing […]

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Johnson-backed transfer tax officially defeated as real estate delivers blow to mayor

Sam Lounsberry — Sat, 23 Mar 2024 01:54:04 +0000

Illinois Realtors CEO Jeff Baker clapped back at Mayor Brandon Johnson late Friday night after the Associated Press officially declared Chicago voters had rejected a real estate transfer tax in Tuesday’s election. The head of the real estate trade group made a direct response to Johnson this week calling industry leaders’ campaign tactics “cowardly, cowardly,” […]

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Meridian Capital under investigation by Freddie Mac

Rich Bockmann — Tue, 07 Nov 2023 13:00:11 +0000

The powerful multifamily lending agency Freddie Mac is investigating Ralph Herzka’s Meridian Capital Group over a deal the brokerage did for the company, sources told The Real Deal. While the probe is ongoing, Meridian is barred from brokering deals on behalf of Freddie Mac lenders. Herzka’s firm has placed a broker on leave and is […]

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Caruso scores $450M refi on Americana at Brand mall

Isabella Farr — Thu, 13 Jul 2023 18:58:55 +0000

Caruso has scored a $450 million loan to refinance the Americana at Brand, one of the firm’s largest assets, The Real Deal has learned. The firm, founded by real estate billionaire and one-time mayoral candidate Rick Caruso, picked up a five-year, commercial mortgage-backed securities loan on the Glendale mall, according to a report from DBRS […]

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Austin developer in Texas AG scandal jailed

Hiten Samtani — Fri, 09 Jun 2023 03:01:59 +0000

Nate Paul, the big-ticket Austin developer who is a primary character in the impeachment of Texas Attorney General Ken Paxton, is being detained in jail by the FBI as of Thursday, according to jail records reviewed by the Dallas Morning News. The founder and CEO of World Class Holdings, who at his zenith controlled a […]

This article originally appeared on The Real Deal. Click here to read the full story.

Johnson wins Chicago mayoral race in blow to real estate

Miranda Davis — Wed, 05 Apr 2023 02:38:11 +0000

Former Chicago Public Schools teacher and Chicago Teachers Union organizer Brandon Johnson will become Chicago’s next mayor, in a narrow win and a blow to a real estate industry that supported his opponent. The race was historically close, with the Associated Press calling it for Johnson with 51.45 percent of the vote in the April […]

This article originally appeared on The Real Deal. Click here to read the full story.