The Real Deal

In the bankruptcy filing, 172 Madison developer Yitzchak Tessler said the debt had been paid down to $32.5 million. Asked about distressed debt investor’s demand for twice that amount, Tessler said, "They can go fuck themselves."

A suburban Dallas apartment complex is the latest casualty of the pandemic-era syndicator sweepstakes as high interest rates continue to topple loans.

The latest edition of #TheClosing features Sean Burton, who runs Los Angeles’ largest multifamily developer, Cityview. In TRD's August issue, West Coast bureau chief Isabella Farr sat down with Burton to talk about his public service roots and career switch-ups, L.A.’s challenging regulatory environment and all things #MeasureULA. Read the full conversation: https://bit.ly/3AHxQVD

Grant Cardone paid $200 million for two Florida multifamily projects in recent months, and is acquiring a third property in a few weeks.

This year we're bringing cutting-edge industry trends and topics to the Innovation Studio at our LA #TRDForum on Sept. 12th! ⭐️ Listen to Rainy Hake Austin, President of the renowned The Agency RE, to see what she pays attention to, and how it helps shape her vision and strategies for growth. ⭐️ Elliot March of MAWD will speak in an exclusive interview that reviews the history of his firm — and the culture of wellness, sustainability, and technology that draws his attention to the Los Angeles market. ⭐️ Hear from Nicholas Edelman and Richard Duff about who Aventuur is, their vision for sustainable, mixed-use communities, and why they believe surf parks are the next big wellness amenity. Join us when it all goes down at the Beverly Wilshire. Register now: https://lnkd.in/gmNuk8pX

Top brokers Oren and Tal Alexander are scrambling to hold onto agents, business after failed negotiations with OFFICIAL co-founders.

As Brooklyn landlord Yoel Goldman's All Year Holdings ran into financial trouble and risked defaulting on $800 million in Israeli bonds, the developer allegedly inflated his cash holdings, according to a new filing by a restructuring specialist in bankruptcy court.

Simon Property Group’s Miami International Mall has seen its market value plunge 59 percent in a decade. Learn more about South Florida's retail rollercoaster here: https://lnkd.in/gK2S5n2v

Fashion Nova's new HQ just outside Beverly Hills' Golden Triangle will feature a social club and an incubator program.

Nick Mastroianni II says his USIF and Fortress Investment Group will foreclose on the Brooklyn megadevelopment and form a joint venture with Related Companies.