The Real Deal

The HSTPA, hated by landlords for limiting rents and virtually ending deregulation, also stopped co-op and condo conversions.

Elon Musk and Vivek Ramaswamy's proposed presidential advisory commission, Department of Government Efficiency, wants fewer government workers and all of them at the office.

"I am calling my column The Real World because it aims to tell folks how real estate really works," Erik Engquist writes in the inaugural edition of his new column, which launched in tandem with his transition away from his role as TRD's senior managing editor and back into the full-time writing that drove him for the majority of his 30-plus years in journalism. "Many New Yorkers do not seem to live in that world. On their imaginary planet, developers can build whatever they want and always make money, landlords can charge as much rent as they please, and new housing does not absorb people but displaces them." If you're looking to learn about how real estate really works from someone who has covered all aspects of the industry, tap here to check out The Real World: https://bit.ly/3DESCXo Thank you, Erik, for your 5-plus years guiding TRD's newsroom!

Oak Row Equities is in line for one of South Florida’s biggest real estate deals.

The suspect behind the New Year’s Day attack in New Orleans that killed at least 14 people and injured dozens more was at one time a real estate agent who founded a residential and commercial real estate firm outside Houston. Tap below for what we know about the Shamsud-Din Jabbar's real estate activity.

There is the possibility that 2025 is the moment real estate has been waiting for. On the other hand, instead of surviving until '25, you might now need to survive through '25 and then "let it rip in '26." ✍: Keith Larsen Suzannah Cavanaugh Jacob Indursky

In this week’s roundup, we dig into Steve Ross’ plans to transform Palm Beach County. Plus, Eli Puretz is going to prison for his involvement in a mortgage fraud scheme, Elon Musk is growing his Texas portfolio and Compass CEO Robert Reffkin reveals his ambitious 2025 goals. These stories and more below.

2024 was a big year for YIMBYs in New York City. Check out #YIMBY big year here: https://bit.ly/40fZwv8

Real estate is a manifestation of money and power. For the reporters who write about it, it can be a fascinating topic, with diehard dealmakers and incredible stakes. It can also, like any job, be a whole lot of work. In 2024 here at The Real Deal, it was thousands of stories’ worth of work — more than 7,500, in fact. And amid a fast-changing market, TRD’s reporters and editors worked tirelessly to keep up with the latest trends and bring you, our readers, the next big scoop or scandal. Read these stories (and additional commentary from TRD's team of reporters) here: https://lnkd.in/ecfBRvHx

Steve Ross' work has shaped skylines in New York, Chicago, Los Angeles and South Florida across his 50-plus year career. After completing the gargantuan, legacy-defining Hudson Yards in New York, Ross — billionaire, developer, lawyer and philanthropist — could have stopped. He was 80 years old, and Covid was ravaging the city and its office market. Instead, he pressed on. In what is likely his last large-scale, Ross-ian, world-building endeavor, the now-84-year-old has set out to make West Palm Beach a capital of power and commerce in America. Last summer, Ross stepped down from his role as chairman of Related Companies, the national firm he founded 53 years ago, to focus on Related Ross, as well as his controlling stakes in the Miami Dolphins and Formula One Miami. ✍️: Francisco Alvarado, Kate Hinsche, Lidia D., Katherine Kallergis