The Real Deal

President Donald Trump said he wanted strings attached to billions of dollars in federal aid to Los Angeles County, where firestorms this year torched 16,000 homes and businesses. Are Republicans in Congress still on his side?

South Florida’s office market has reversed its good fortune, prompting some developers to reevaluate planned projects. Tap the link for a TRD Data map of the region's canceled or delayed office projects. ✍: Lidia D.

It's our birthday 🎈The Real Deal turns 22 this month! Our founder Amir Korangy celebrated with a Times Square takeover highlighting our award-winning real estate journalism. Subscribe here for unlimited access to TRD: https://lnkd.in/enxwJgkQ We're committed to covering every facet of the industry for millions of readers coast to coast. And the TRD team is excited to continue bringing you all-access data, exclusive events, and cutting-edge industry insights and analyses in the many years to come. Readers, what you do want to see from TRD? Let the team know in the comments!

Vlad Doronin's Aman Group wants to expand its global reach. It just needs a couple billion to do so. ✍: Holden Walter-Warner

Big is the Ghermezian style. The family’s company, Triple Five Group, rescued the American Dream megamall in New Jersey from near-failure and bankruptcy, and despite plenty of skepticism, the immigrant Persian-Jewish family “supersized everything: the roller coasters, the two-story Hermès store, the enclosed surfing wave pool, the topiaries in the luxury wing, the entry fees.” (There’s also an indoor ski slope.) Even after the Ghermezians finally got the place open in 2019, Covid closures, financial problems and lawsuits haunted the shopping and entertainment behemoth, which is the second biggest mall in the U.S. (after the Mall of America in Minneapolis, which the Ghermezians also own). But bills are coming due, and sales probably need to accelerate for one of the most dramatic bets in retail to pay off. Will one of the most dramatic bets in retail finally pay off? Elizabeth Cryan explores how the Ghermezian family are making good on the American Dream. Read her report: https://lnkd.in/e9azyeR3

Jilted investors are seeking to recoup more than $1 billion in investments made on crowdfunding platform CrowdStreet in the fallout of Elie Schwartz’s Nightingale Properties fiasco. ✍: Holden Walter-Warner

Download our latest white paper to learn how #Amazon Key is streamlining access and revolutionizing #package #delivery in the challenging #multifamily space. Through interviews with #realestate experts and executive teams, we discovered how Amazon Key is unlocking the potential of package delivery and access.  Featured: Kaushik Mani, Mark Chrisman, David Diestel & Sean Kia https://lnkd.in/erUKd5xt 

Office properties hit hard by the pandemic often end up in the hands of their lenders or bargain-hunting buyers before they get a chance at a revival. Yet for a Chicago office portfolio that plunged from 90 to 50 percent occupied, co-owner R2 Companies has managed to remain in the drivers’ seat and go debt-free through a new partnership. Here's how R2 held onto its West Loop properties: ✍️: Emma Whalen

Donors who indicated that they work in real estate gave more than $73,000 to Andrew Cuomo’s campaign to become mayor of New York City. Here’s a snapshot of the real estate donations to Cuomo’s mayoral bid:

The experience economy has been getting a lot of attention lately - and for a good reason. Office and residential vacancies have owners getting creative about what to do with their four-wall spaces.  Enter Sam Nazarian, the hotel mogul and hospitality king behind sbe Lifestyle Hospitality's empire of hotspots from coast to coast. Nazarian's sbe-owned restaurants and clubs include Katsuya Restaurant, MXO, Casa Dani, Citizens Kitchen and Bar, Hyde and S Bar — with locations across Las Vegas, Los Angeles, Miami and Manhattan. His latest luxury hospitality projects include The Estate, a joint venture with business guru Tony Robbins and singer Marc Anthony to create the "largest ecosystem of preventative medicine and longevity in the world" that will feature 15 Hotels and 10 urban preventative and longevity centers. On April 3rd, Nazarian will discuss sbe's pipeline and reading the tea leaves in lifestyle and hospitality during an exclusive, live conversation at TRD's NYC HQ. Inquire to attend: https://lnkd.in/gvmT2P5y This Salon Series event is sponsored by our friends at Bosch, Thermador and Gaggenau