A 1M SF warehouse designed for Amazon in a tiny Dallas County city is reportedly being turned into a detention facility for U.S. Immigration and Customs Enforcement. 

The newspaper will send a small team of reporters to cover the Olympics after it informed sports journalists on Friday that the paper would not send a group.

Just a week into its sales launch, Legion Investment Group and Nahla Capital’s Upper East Side development snagged the top spot in Manhattan’s luxury market.  A condo at 1122 Madison Avenue, asking $14.6 million, was the priciest of 23 properties in the borough asking $4 million or more to find buyers last week, according to Olshan Realty’s weekly report. The total was slightly higher than the previous period, which saw 21 luxury homes enter contract.  Unit No. 11 North will span 3,200 square feet and have five bedrooms and four bathrooms. Plans for the apartment also include 11-foot ceilings and […]

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Milwaukee Bucks star player Giannis Antetokounmpo dished out just over $21M for a Chicago apartment building, continuing his crossover into commercial real estate ownership. 
An affiliate of Antetokounmpo’s family office, Ante, bought a 56-unit, four-story apartment building at 4513 N. Clark St. on the North Side of the city, CoStar News reported. The property, called Harmony Apartments, was completed in 2024. The deal was brokered by Essex Realty Group, and Old National Bank backed it with an $11M loan.

Orion Properties may finally be giving in to pressure from a private investor that has been circling the beleaguered office REIT for months. 
The company announced Monday that it is undergoing a “review of strategic options” and has signed a cooperation agreement with Kawa Capital Management, an alternative asset manager that is also one of its largest shareholders. 

Oleg Cassini’s former Gramercy Park townhouse has sold for the second time in three years.  The late fashion designer’s former home at 135 East 19th Street sold for $7.4 million, according to public records. The home previously traded in a 2022 auction for $5 million.  At one point, the home had been valued near $15 million, close to what the seller initially tried to flip the house for after one year after buying it. The seller lopped off the price by the millions until turning the listing over to Douglas Elliman’s Eleonora Srugo in July, asking $8 million.  Four months […]

This article originally appeared on The Real Deal. Click here to read the full story.

Elme Communities found a buyer for three properties as the REIT executes its liquidation plan, but it is also tempering shareholders’ expectations about how much cash they should expect back. 

Electrical grids appeared to have handled the storm over the weekend relatively well, but energy experts said the risk of more outages remained.

Though Congress cut $500 million from NPR and PBS stations, vanishingly few have closed their doors. Angst about their long-term future remains.

Delays and cancellations persisted, a day after more than 11,000 flights were canceled. Airports in the Northeast U.S. were hit the hardest.