The Real Deal

Flag Luxury's Dayssi Olarte de Kanavos spoke with TRD's Elizabeth Cryan about Flag's ambitious plans for Ritz-Carlton projects in South Beach and Manhattan, why she thought climbing Mount Kilimanjaro was "going to be a lot harder" and the best advice she's ever received. Read their conversation in the latest edition of #TheClosing, live at the link.

After cutting their teeth in SoFla's competitive luxury resi market, Two Roads is bringing its best-in-class penthouses and residences to new markets. Read our latest article for a peek at the developer's five-star residences in Las Vegas and The Bahamas: https://lnkd.in/eK2FAPsD

You don't become the world's richest restaurateur without knowing your way around a real estate deal. Hospitality mogul and Rockets owner Tilman Fertitta dropped by the newly-opened B/S/H/ Experience & Designer Center in Houston to talk prime beef and prime real estate with TRD's Amir Korangy From sizzling steak prices to bold investments from Houston to NYC and Vegas, Fertitta got candid and pulled no punches. The night didn’t stop there. Industry powerhouses Catherine Lee of Douglas Elliman Texas, Nina Magon of Nina Magon Studio, and DC Partners' Roberto Contreras IV joined a panel led by TRD Texas Bureau Chief Jess Hardin to explore Houston's record-setting luxury market. Connections sparked during the networking hour, fueled by The Lost Explorer mezcal cocktails, gourmet bites, and hands-on demos of Bosch Home Comfort USA, Thermador, and Gaggenau state-of-the-art appliances. Want the full play-by-play? Check out the complete event recap! https://lnkd.in/e7BAvgHT 📸: Property Showcase Group

Check out the top 5 largest residential deals made in 2024, across all of our markets. MORE TRD DATA: https://lnkd.in/eQPu-9NR

In this week’s roundup, we dig into the latest developments of the Alexander brothers’ sex trafficking case. Plus, Rialto steps up its foreclosure campaign against Signature borrowers, Aron Puretz is heading to prison and a new study reveals that high-rises in South Florida are sinking. These stories and more below.

The Federal Reserve cut its benchmark interest rate by 25 basis points this week. While real estate celebrates the third rate cut of the year, industry insiders warn interest rate cuts — or a lack thereof — could prove disappointing to real estate next year. Are you bracing for a CRE slowdown?

Since 1968, the D&D Building has been the Mecca for architects and designers in New York. Read our latest to learn about MR. GLAZIER, the new 5,000 square foot architectural glazing showroom coming soon to this iconic building. https://bit.ly/49TqSdB #BrandStudio #MrGlazier #GlassIndustry #NYCBusiness #ArchitecturalGlazing #NYCShowroom #IndustryLeaders #Sponsored

After nine years in development limbo, 262 Fifth Avenue has scored attorney general approval — but don’t hold your breath for a sellout number on NYC's latest supertall. Five Points Development's approved offering plan for its 860-foot tower in Flatiron lists prices for only five of the 26 residences "until it can assess market conditions and receptivity." To find out the fate of 262 Fifth, Jacob Indursky talked to the project's sales agent and analyzed its offering plan. Read his take: https://lnkd.in/ewfASM7m

In the luxury retail game, few brands connote high-end appeal like Max Mara Fashion Group. But who are the Maramottis, the wealthy Italian family behind the fashion label? That's what many in Chicago's CRE scene are wondering following the family's splashy Chicago debut this week, picking up a prime Gold Coast property vied for by billionaire bidders from across the globe.⁠ ⁠ Sam Lounsberry breaks down the deal — including the seller calling it a "robbery" — at the link.

Elon Musk wants SpaceX to have its own town in South Texas. Read more about his Texas holdings here: https://bit.ly/401ndqH