David Levitt

Freelance commercial real estate reporter. Mostly NYC. My pronouns are dese, dem and dose.

[David Levitt @dmlevitt]

Spending more X w/family. 'Time for my next chapter.' Even w/rash of departures from c-suite, biggest #realestate investor #Blackstone still Blackstone. 'Enormous continuity+tremendous talent' #CRE #mortgage #Meghli #McCarthy #Henritze #Starwood https://t.co/q9YQvQwMr1 via @WSJ

[David Levitt @dmlevitt]

When it comes to keeping its edge, money talks. Waterfront site on #IntercoastalWaterway in #PalmBeach for sale for $75M. #realestate #SoFla #mortgage https://t.co/3j4tMlsQKB via @WSJ

[David Levitt @dmlevitt]

Now in their 5th decade on the charts, U2 offers a smorgasbord. The #Cher of #rock? #CarnavalDeLuz #Bono #TheEdge #AdamClayton #LarryMullen #Island https://t.co/LjY8Tqkeyr via @WSJBooks

[David Levitt @dmlevitt]

Even a woodchuck w/n chuck this much wood. #MassTimber w/1x the edgy choice for new bldgs, but now w/glut maybe they overdid it. 'They had me at hello. Haven't talked to a single #architect who d/n want to use it' #realestate #CRE #mortgage https://t.co/3966kJXpgD via @WSJ

[David Levitt @dmlevitt]

#NYC #realestate #retail #CRE

[Commercial Observer @commobserver]

Extell Buys 1190 Avenue of the Americas for Fifth Avenue Development https://t.co/B2HBKmKvlS

[David Levitt @dmlevitt]

Son's folly: Gas turbines capable of generating 6 #HooverDams crash+burns. #Softbank takes $3.7B hit on its earnings, hamstringing major #tech lender. Running on the bad side of #Elon. #realestate #CRE #AI #mortgage #datacenters #MasayoshiSon https://t.co/3cNxTeL9tp via @WSJ

[David Levitt @dmlevitt]

Close but no cigar in yearlong quest to #tax wealth in #CA. Just for now, progressives exclaim. Notable exception to #bluewave. 'Bad news for #oligarchs. Your victory is fleeting' #realestate #CRE #BernieSanders #mortgage #Prop40 https://t.co/VmZlUjna34 via @WSJ

[David Levitt @dmlevitt]

New kind of theft afflicts #CentralNJ town. $26M cyberheist in #Cranbury brings overflow crowd to library. 'I respectfully want to tell the twp the buck sh/stop w/you' #cybertheft #phishing #realestate #CRE #tax #tech https://t.co/McFK6CSQ62 via @WSJ

[David Levitt @dmlevitt]

Not a choice any1 wants: #TheFed has to raise #interestrates. But how fast+how much? Looks like qtr-point in our future, but w/abt in Jan or Feb? 'Price pressure remains sticky+not j/due to 1-offs' #realestate #mortgage #Luzetti #JeromePowell #Waller https://t.co/25tcMIMsxE

[David Levitt @dmlevitt]

Bye-bye #PechangaArena. Hello $4B #MidwayRising, 4,200 homes, a new 16K arena, #retail, #restaurants 14.5 acres open space. #SanDiego #SoCal #realestate #CRE #multifamily #CA #affordablehousing https://t.co/OTVe9IEXAN

[David Levitt @dmlevitt]

#SteveWynn might cry all the way to the bank. May take loss on #CPS penthouse, 1x listed for $90M. B/when your threshold is $70M, no 1 w/h to hold a benefit for him. #casino #NYC #realestate #mortgage #PalmBeach #CentralPark #Olshan https://t.co/SmGeQEGAcT

[David Levitt @dmlevitt]

$35M but it comes w/#SanFran. For the 1st X in 37 yrs, #2770Broadway is for sale, a #GildedAge mansion on The City's Gold Coast, for nearly 9x what the late #DavidChamberlain paid in '89. #realestate #CRE #mortgage #Compass #AI #MillionDollarListing https://t.co/Xgfwlk4RTU

[David Levitt @dmlevitt]

Tokenized #CRE ain't happening so fast, as #Congress stalls on setting #crypto rules, Sitting here in limbo. '1x rules are clear, #capital follows. Pp want to remove uncertainty.' #realestate #Rilea #stablecoins #Trump #bitcoin https://t.co/LWA4nik1nJ via @Bisnow

[David Levitt @dmlevitt]

Growing comfy at #Blackstone w/names like names like #Cutaia+
#Levine after forever w/#Gray #Meghli+#McCarthy w/take a little while. They get it. 'We understand why w/getting these Qs' #PE #realestate #CRE #WallSt #logistics #datacenters #hotel https://t.co/6VyLz20ILp

[David Levitt @dmlevitt]

Idea that #Brooklyn is hardscrabble+working class is so-last millennium. Boro gets #Ritzy as #RitzCarlton #Marriott take aim at #BrooklynHeights. 'It;s taken on a completely different aura than it had pre-#COVID' #realestate #CRE #hotel https://t.co/hZPz2SnhE9

[David Levitt @dmlevitt]

Yet more evidence that the #pandemic in #NYC is so over. Another boffo month in #Manhattan, w/leasing 61% over 5-yr mo-average. #KenGriffin's #Citadel is the 99-ton gorilla, taking 1 MSF at soon-to-rise #350Park w/100KSF leases by #MoFo, #Ramp #Modal. #CRE https://t.co/sBg7kMO5OG

[David Levitt @dmlevitt]

Meet the 3 horsemen of #datacenters, as #Blake #Poradek #SethCohen bolt from #Trump's #DOE to form #TX biz that w/build them. 'Everything is modular. You basically plug it in onsite' #realestate #CRE #AI #tech #Mavria #industrial #logistics https://t.co/MzlgU1wYEO via @WSJ

[David Levitt @dmlevitt]

Welcome to post-#midterms planet. #Massie #House barrels to #impeachment of #Hegseth as Sec'y of Defense (or War if you prefer), as he, #Trump, dig in 'He's not going anywhere' #DOD #WhiteHouse #Pentagon #TimParlatore #Iran #Maduro https://t.co/dlnE5RhEoh via @WSJ

[David Levitt @dmlevitt]

Strong buying opp in #Hollywood as investors tee up #cinema anchored leisure parks? 'W/a stronger lineup movies, there's every opp to buy at competitive prices.' #realestate #CRE #studios #WikimediaCommons #StarCity #Quadrant https://t.co/RsBYDVgBWI via @Bisnow

[David Levitt @dmlevitt]

@K_DeRosa_NY135 He just led you to your most complete defeat since 32, maybe ever. And you're STILL loyal to him?