The co-founder of Tinder has made a block-size retail and office play in Beverly Hills for up to $211 million.
About us
Bringing transparency to one of the world's most important and least understood industries. The Real Deal is the premier real-estate news outlet in the US, reaching millions of professionals daily through digital, print, social media and events. Readers turn to us for breaking news, market intelligence, custom research, proprietary rankings, deal analysis, profiles, trends and much more. We have received more than 50 awards for editorial excellence over the past 5 years, including the General Excellence award from the Society of Business Writers and Editors.
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http://www.therealdeal.com
External link for The Real Deal
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- Online Audio and Video Media
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- 51-200 employees
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Updates
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One Sotheby’s International Realty is taking over sales at JDS Development Group's Dolce & Gabbana-branded Miami condo project from Official, the brokerage co-founded by Tal and Oren Alexander.
One Sotheby's taking over sales of Michael Stern's Dolce & Gabbana condo tower
therealdeal.com
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"There is nothing masterful about suburban sprawl," writes Erik Engquist in The Real Deal's subscribers-only newsletter. According to our senior managing editor, a masterfully planned community is, in short, a sustainable one. "By sustainable, I mean able to provide for one’s own needs without harming future generations’ ability to do the same. Building a thousand isolated homes that import their energy and require a car to get anywhere does not qualify." But real estate is rampant with unsustainable development. So just who is to blame: the industry or the government policies that make such projects the most profitable option? Get access to more engaging commentary by subscribing to The Daily Dirt: https://lnkd.in/evjuH5TB
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When New York state earlier this year set new, costlier rules for creating the affordable housing that is required of developers on rezoned land, responses were mixed. Across the board, projects eligible only for the 485x tax abatement — a novel, less lucrative replacement for real estate's beloved 421a — must create a majority of affordable apartments for households earning at or below the median income, rather than for those earning above it, a central point of criticism against 421a. 421a fans are doubtful that the new rules will be enough to revive the market. “In the overall scheme of things, [485x] is not going to get the overall market going,” said David Bistricer, whose Clipper Equity is building 1.6 million square feet of multifamily under 421a. But other developers are staying optimistic, taking a close look at how to make 485x work for their projects. Read our #TRDData team's report at the link.
We are so back, somewhat: Top ranked developers have new playbook
therealdeal.com
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Months after pleading guilty to $165 million mortgage fraud scheme, Boruch Drillman is facing eviction for chain smoking in his $10,500-a-month, no-smoking condo.
Boruch Drillman faces eviction for chain smoking
therealdeal.com
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“People come to Florida, and they want instant gratification": Here’s why luxury sales are booming in Boca Raton’s most expensive neighborhood.
Luxury sales are booming in Boca Raton's Royal Palm neighborhood
therealdeal.com
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Swing state home buying costs have nearly doubled since the 2020 election. A new report from Redfin found that housing payments have nearly doubled in states that will play a crucial role in deciding who controls the White House and Congress come November. WATCH TO LEARN MORE: https://lnkd.in/eDdFuqXm
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In this week’s roundup, we look into brokerage Official’s footing after more details of the Alexander brothers’ alleged misconduct emerge. Plus, a stalking-horse bidder for Oceanwide Plaza falls through, Michael Shvo hits back at the Core Club and a $7 billion development plan in Chicago has real estate pros chomping at the bit. These stories and more below.
Official’s state of play as more details emerge; Michael Shvo hits back at Core Club… and more
The Real Deal on LinkedIn
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More rape and sexual assault allegations against Oren, Alon and Tal Alexander involve executives from Douglas Elliman and Side.
New reports expand reach of Alexander brothers sexual assault allegations
therealdeal.com
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After news broke of a planned $7 billion redevelopment surrounding Chicago's United Center arena, real estate professionals with a stake in the West Side are sounding off on their plans at the epicenter of the Windy City's next hot spot.
“A shot in the arm:” Real estate jazzed about $7B United Center plan
therealdeal.com