“It is 2005 all over again in terms of the valuation extreme, the psychological excess and the denial”: Bear warns that housing market is overheated

From TRD Miami: The homebuilding market is stronger than ever, but not everyone is bullish. Montana-based money manager James Stack, who predicted the last recession in 2005, told Bloomberg the U.S. may be riding high on another bubble. As key indicators that the market could topple, Stack pointed to Fed interest rate increases and high median[…]

TRDLA’s winter issue is live!

From TRD LA: Ever since Hollywood mogul Harvey Weinstein’s alleged predatory behavior came to light in the fall, women — and men — in every industry have been reckoning with the ways in which gender dynamics have impacted professional life. And commercial real estate is no different. As many of our past rankings have shown, female[…]

Wyndham hotels acquires La Quinta franchise in $1.95B deal

From TRD LA: Wyndham Worldwide Corporation has agreed to pay $1.95 billion for La Quinta Holding’s hotel franchise and management business, further extending its already considerable portfolio of hotels and resorts. The acquisition includes La Quinta’s 900 managed and franchised hotels, bringing Wyndham to more than 9,000 locations in 75 countries between 21 brands, according to[…]

JPMorgan and partners are looking to sell DKNY’s Midtown office

JPMorgan Chase, Olmstead Properties and Jonathan Rose Companies are looking to sell a Midtown office building almost fully occupied by DKNY, sources told The Real Deal. The owners of the 12-story, 160,000-square-foot property at 240-248 West 40th Street in Midtown’s Garment District are asking about $115 million, or north of $725 per square foot, sources[…]

Fromm team leaves Town for Corcoran

Mark David Fromm and Claudia Saez Fromm — the married duo behind one of Town Residential’s biggest-name teams — have jumped to the Corcoran Group. The Saez-Fromm team, which also includes Ned Hudson, Viviane Giraldi and Sarah Jackson, will join the company’s Chelsea/Flatiron office, Corcoran said. In a statement, the Fromms said they had an[…]

It happens in art, why not in real estate? Buyers hiring experts to verify a property’s starchitect pedigree

From TRD LA: A starchitect’s name can add cachet to a listing, and raise the price several notches. But how can a buyer be sure that a home they’re slapping down millions for really is a Frank Lloyd Wright or Paul Williams creation? Well-heeled buyers are increasingly enlisting architectural historians to dig up the true origins[…]