The Real Deal

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[The Real Deal @trdny]

New York City Council member Harvey Epstein introduced a bill establishing an Office of Conversion Assistance to tame a “really cumbersome and crazy” bureaucratic process.

The final version falls short of the initial goal — but it gets close.

@CarolineSpivack covers NYC’s latest office-to-resi boost and more policy news for #TRDPolicyPro.
https://t.co/YK1Uqlk3HD

[The Real Deal @trdny]

Ryan Serhant has 2,200 agents across 21 states. He says he has no interest in becoming the biggest brokerage in America. So what's the endgame? @SheridanLWall spoke with Serhant to find out.
https://t.co/TUAwkSzOiS

[The Real Deal @trdny]

Soaring rents, long permitting processes, slow buildouts, and high operating costs in Miami-Dade aren’t stopping these three restaurant concepts from expanding — and succeeding — in the region.
https://t.co/yAwP9bmNnj

[The Real Deal @trdny]

Austin’s last tech boom left behind empty office towers. Its next one is building missiles, spacecraft and autonomous warships.

Defense and aerospace startups are fueling a new real estate gold rush in Central Texas. But will this boom last?
https://t.co/nhpxNeAAGI

[The Real Deal @trdny]

After facing strong opposition from major pension funds and institutional investors, shareholders of H&R REIT rejected a major deal that would have broken up the Canadian firm’s portfolio with an acquisition by partners including GO Residential REIT.
Full story 👇
https://t.co/glDEPbafqL

[The Real Deal @trdny]

Can restaurants and retail reshape a neighborhood’s real estate fortunes? Watch the full conversation: https://t.co/0yAO3vos9o

[The Real Deal @trdny]

Miami Beach’s Lincoln Road may be getting its second act. Once considered a struggling retail corridor, the famed pedestrian strip is attracting renewed interest from developers and retailers.

At #TRDForum, The Comras Company’s Michael Comras, JLL’s Zach Winkler and Pura Vida Miami’s Brett Damato discussed Lincoln Road’s revival, the growing value of walkable retail districts and where South Florida’s next commercial hotspots could emerge.

[The Real Deal @trdny]

A yearlong, bitter dispute over alleged construction defects and black mold at a $1.1 million penthouse preceded a property owner’s shooting in Washington DC that tragically killed the building manager and wounded four others.
https://t.co/vvZJrCvRrA

[The Real Deal @trdny]

Months after sounding the alarm over chronically delayed commission payments from their former franchisor Christie’s International Real Estate, agents at Ilija Pavlovic’s The Agency One Rock say the problem has only gotten worse under the new brand.

@indurskyjake reports:
https://t.co/8y76btAVZ0

[The Real Deal @trdny]

Gary Barnett’s 2025 plan for 655 Madison Avenue called for 74 stories and 765,000 square feet. Thanks to Extell Development’s purchase of the adjacent buildings’ air rights, the supertall could now get even bigger.
https://t.co/PTFZdwkv0I

[The Real Deal @trdny]

SCOOP: Billionaire Ken Griffin could take one of the Riviera Country Club’s 10 $2 million non-voting golf memberships, after a nomination from Sherill and Mary Ann Hudson and Nathan and Victoria Zeder.

It’s the latest sign that centibillionaires are expanding the definition of ultraluxury in South Florida beyond sprawling compounds.

The full story from @kkallergis at the link: https://t.co/UyzbBTJwJB

[The Real Deal @trdny]

In a desperate attempt to restructure Sapir Corp’s $155 million debt, Israeli bondholders say developer Alex Sapir pledged $14 million to them in 2024.

But bondholders say the Sapir Corp head and Trump Organization ally defaulted — and now they’re looking to hold him personally liable for the debt. Tap the link below for more.
https://t.co/vK6FMqQ2Lr

[Lilah Burke @lilah_burke]

Zohran Mamdani wants to transfer neglected buildings out of the hands of bad landlords and into the hands of “the good guys.” But 11 months into his term that plan just … doesn’t seem to be materializing yet. Newsletter this am: https://t.co/KIOKjybV7C

[The Real Deal @trdny]

Could Miami Beach become more expensive than Manhattan's Billionaires' Row? At #TRDForum, Nahla Capital's Genghis Hadi unpacked his $1 billion bet on the Raleigh's revival, and why he sees little reason to put a ceiling on South Florida's luxury market.

Why is private equity moving back into development, and what’s drawing global capital to Miami? Watch Hadi’s full conversation with TRD’s Stuart Elliott: https://t.co/LnhiUwySYV

[The Real Deal @trdny]

How do you derail a $44 million foreclosure when you've already admitted defaulting on the loan? In Manhattan, the answer might be a missing staple. @byRichBockmann reports:
https://t.co/js3W9z3lIZ

[The Real Deal @trdny]

Compass filed 15 antitrust lawsuits across eight states in a single day, escalating a fight that could fundamentally change how homes are marketed and sold. @indurskyjake has more on which MLSes its targeting, how the legal arguments stack up and what’s at stake for brokerages nationwide:
https://t.co/TdpxupTWM9

[The Real Deal @trdny]

Blackstone wants to raise another $3 billion for real estate. First, it has to navigate a leadership shake-up and nearly three years of underperformance. What’s behind the next big bet?
https://t.co/R2niju4pDy

[The Real Deal @trdny]

DJ Khaled, billionaire entrepreneur Michael Smith, and Build. com founder Christian Friedland are behind some of South Florida’s priciest recent deals.

Find out who else is buying, borrowing, and building in the region at the link.
https://t.co/8osbk76AMF

[The Real Deal @trdny]

What’s fueling Miami’s luxury boom, and can it last into 2027?

Watch the full #TRDForum panel for predictions from Dina Goldentayer, Dora Puig and Judy Zeder: https://t.co/2mH0BJsgBO

[The Real Deal @trdny]

In Miami, $10 million is apparently the low end of luxury. Three of South Florida's top brokers say nine-figure sales could become increasingly common. So is there any ceiling left on prices?