Michael Shvo comes out on top with Transamerica Pyramid sale; his partners aren’t so lucky Cyprus-based Yoda PLC has purchased San Francisco's Transamerica Pyramid for hundreds of millions less than what the prior ownership group invested — while developer Michael Shvo exits with a $34 mill...

Transamerica Pyramid sold at a massive loss, but
Shvo and his firms received $34M for commission for “representing both sides” in the deal, the fee for the termination of his services on the property and the buyout of his right-of-first-offer agreement.
therealdeal.com/san-francisc...

Celebrity-hyped Goodtime Hotel faces $149M foreclosure by CIM CIM Group escalated its legal war with Goodtime Hotel’s owners, filing a $149 million foreclosure complaint on the South Beach property.

CIM files foreclosure on South Beach's Goodtime Hotel: therealdeal.com/miami/2026/0...

Inside Adam Neumann's attempts to rehab El Portal church Permitting records and previous renderings show Adam Neumann initially planned to rehab an El Portal church for his new school project.

Adam Neumann and his team initially had planned to renovate –– not demo –– an El Portal church slated for private school SOLFL founded by Rebekah Neumann:
therealdeal.com/miami/2026/0...

The Weekly Dirt: Hammocks fraud case drags into year four The fraud case at the Hammocks, Florida’s second largest HOA, enters its fourth year, with a trial date not scheduled yet.

The Odyssey has nothing on The Hammocks:

Just now, a judge granted prosecutors + defense attorneys yet another 45 day extension, as depos continue.

Charges were first filed in 2022, alleging massive HOA fraud.

For more:
therealdeal.com/miami/2026/0...

Palantir’s Alex Karp revealed as buyer of $46M Miami Beach mansion Palantir Technologies CEO Alex Karp is the buyer who paid $46 million for a waterfront Venetian Islands mansion last summer.

So maybe Palantir's HQ move to Aventura wasn't so abrupt after all. Company CEO bought a Miami Beach manse last summer.
A TRD exclusive:
therealdeal.com/miami/2026/0...

Laura Tauber sues Spanish developer alleging he sidelined her from major Live Local Act project Laura Tauber sued Pablo Castro, alleging he froze her out of a major Live Local Act project and reneged on promised profit share.

The HueHub, South Florida's most ambitious Live Local Act project, has devolved into litigation, with Laura Tauber suing the Spanish developer she said froze her out of the project.
therealdeal.com/miami/2026/0...

BH, Mast Capital complete buyout of 1960s Coconut Grove condo Mast Capital, BH Group complete Coconut Grove condo buyout, purchasing seven remaining units for just under $1 million each.

Bulk condo buyouts are difficult, but that's not stopping developers:
therealdeal.com/miami/2026/0...

Alexander brothers found guilty on all counts in federal sex trafficking trial The Alexander brothers' federal sex trafficking case concluded after a jury delivered the verdict for Oren, Alon and Tal

Alexander brothers guilty on all counts: therealdeal.com/national/202...

Brazil's Nu Holdings just scored big — the fintech giant struck a naming rights deal with Inter Miami, so the stadium where Messi plays will now be called Nu Stadium.
www.bloomberg.com/news/article...

Welcome to Neumannville? Flow’s plans in El Portal incite local ire Ex-WeWork, now of Flow, Neumann's plans in El Portal — a school and mixed-use development — has village residents on edge

Neumann's next act: A tiny village that woke up to ongoing demo of local church where Rebekah Neumann plans private school. Nearby, Neumann's Flow controls site entitled for 2K+ rentals. Some residents are furious. Their council may have been the last to know.
therealdeal.com/magazine/mar...

The Weekly Dirt: Hammocks fraud case drags into year four The fraud case at the Hammocks, Florida’s second largest HOA, enters its fourth year, with a trial date not scheduled yet.

The saga continues: At this morning's Hammocks criminal case court hearing, state prosecutors said depos are ongoing, asked for another 30 days. Next status hearing is on March 17. therealdeal.com/miami/2026/0...

Cracks in the veneer? OKO accused of shoddy work in Missoni Baia-branded condo The Missoni Baia condo association alleges construction defects abound at the fashion house’s only branded tower in the world.

OKO Group, led by Vlad Doronin, is accused of shoddy work on high-end Edgewater condo: therealdeal.com/miami/2026/0...

Inside Steve Ross’ buyout of a West Palm Beach waterfront condo Investor and broker Joey Columbo dishes about Steve Ross’ buyout of a West Palm Beach condominium.

Having foresight pays off. An investor bought out condos at a West Palm teardown ... and then Steve Ross came knocking and the investor sold units for a major gain: therealdeal.com/miami/2026/0...

Billionaire Jeff Greene threatened with $5M penalty for delayed One West Palm Billionaire developer Jeff Greene faces a $5 million penalty if he doesn’t complete his long-delayed One West Palm project.

West Palm will impose a $5M penalty on Jeff Greene if he doesn't finish his rental-hotel-office towers by end of 2027.
He isn't bothered by this one bit.
“I’ve built over 100 buildings,” he said. “There’s always trouble.”
therealdeal.com/miami/2026/0...

Michael Simkins, Torose Equities snag whopping discount for Lincoln Road retail building Michael Simkins, Torose Equities buy building on Miami Beach’s Lincoln Road, which is making a comeback.

Big Lincoln Road discount. therealdeal.com/miami/2026/0...

Torose, Sabal flip Coconut Grove office building for $61M Torose Equities and Sabal Investment Holdings gained $28 million in the sale a year after buying the property out of UCC foreclosure.

Torose and Sabal already flipped a Coconut Grove office building they had bought in a UCC foreclosure from Raoul Thomas' floundering CGI Merchant: therealdeal.com/miami/2026/0...

Zom, Ascentris swing for $119M office redevelopment in Doral Ascentris and Zom Living bought a Doral redevelopment site for $26.5 million while landing $92.3 construction loan.

In the latest office-to-resi redevelopment of a suburban South Florida office building:
therealdeal.com/miami/2026/0...

CGI Merchant loses 550 Biltmore as its portfolio cracks CGI Merchant lost the 550 Biltmore office building, as the firm’s portfolio flounders due to debt troubles.

The latest in Raoul Thomas' CGI Merchant's floundering portfolio, cracking under the weight of debt woes. He lost his South Beach hotel and Coral Gables office building: therealdeal.com/miami/2026/0...

“Immense shell game”: Aston Martin Residences developer accused of fleecing owners Aston Martin Residences developer Germán Coto is accused of fraud, via “an immense shell game” to misappropriate condo association funds

Alleged condo association fraud hits Miami's ultra-lux Aston Martin Residences: Developer German Coto's entities accused of hiring vendors tied to the developer, allowing him to profit from the association before its turnover to unit owners, per a suit.
therealdeal.com/miami/2026/0...

“Hardest moment of my life”: Woman testifies about alleged attack filmed by Oren Alexander Two women accusing Oren Alexander of rape testified in the second week of the Alexander brothers’ sex trafficking trial.

In the second week of the Alexander brothers' trial, prosecutors showed the jury a video of Oren having sex with a 17 yr old woman who testified she had no memory of the encounter or recording. therealdeal.com/new-york/202...

Ex-Miami Beach mayor said he wasn’t friends with Epstein. New files say he was Former Miami Beach Mayor Philip Levine sent Jeffrey Epstein a supportive message in 2010 as Epstein’s probation period was ending.

A former Miami Beach Mayor and real estate investor previously said he“never had a friendship or business relationship” with Epstein. Newly released files say otherwise, include suggestive email exchanges with Maxwell.
www.miamiherald.com/news/local/c...

Lawsuit accuses Lorber, Elliman, Alexanders’ family firm of enabling attacks A Florida woman sued Oren and Alon Alexander, along with their parents, Kent Security, Douglas Elliman and former CEO Howard Lorber.

Amid the brothers' trial, a new suit echoes past reports that ex-Elliman CEO Lorber was aware of specific incidents involving the brothers’ behavior. A Lorber spokesperson denied allegations.
therealdeal.com/miami/2026/0...

BREAKING: Judge dismisses murder, weapons charges against alleged UnitedHealth CEO killer Mangione reut.rs/45Fin56

Don Lemon arrested by federal authorities after protest at Minnesota church service Attorney General Pam Bondi said in a post Friday on X that Lemon was arrested, as were three others, "in connection with the coordinated attack on Cities Church in St. Paul, Minnesota."

FBI and HSI arrested journalist Don Lemon. Details on charges weren't immediately available, though the arrest is tied to protests against ICE at a Minnesota church, which Lemon covered. www.nbcnews.com/news/us-news...

“It was pure control”: Hamptons accuser testifies in Alexanders’ sex trafficking trial The second day of the Alexander brothers' federal sex trafficking trial saw testimony from a second witness and cross-examination

Dispatches from day 2 (yesterday) of the Alexander brothers' federal sex trafficking trial. One woman who testified characterized one of the brothers' attack against her as exercising “pure control.”

therealdeal.com/national/202...

Fed Meeting Live Updates: Interest Rates Hold Steady Despite Pressure From Trump The Federal Reserve left interest rates unchanged, despite relentless attacks from President Trump, who wants borrowing costs to be much lower. Jerome Powell, the Fed chair, is holding a news conference.

The Fed kept rates unchanged in the central bank’s first meeting of the year, despite relentless attacks from President Trump.

The Alexander brothers’ federal sex trafficking trial: Day one The federal sex trafficking trial against the Alexander brothers began with opening arguments and the first witness testimony

“If I spoke up, I would be met with a fight,” said Moore. “I didn’t want that to define my future."
First witness testifies in the first day of the Alexander brothers' federal sex trafficking trial: therealdeal.com/national/202...

Steve Ross shells out $25M in West Palm Beach bulk condo buy Billionaire Steve Ross gained more control of a West Palm Beach condo after his firm completed $25M bulk purchase.

Related Ross continues bulk unit purchase at a West Palm condominium:
therealdeal.com/miami/2026/0...

Here are the real estate names that could come up at the Alexander brothers’ trial Jury selection for federal sex trafficking trial revealed companies, associates up for testimony and possibly name-dropped

Here are the #realestate names that could pop up during the Alexander brothers' trial, per jury selection questionnaires: therealdeal.com/national/202...

The Daily Dirt: Why is Trump letting fraudsters off? Trump seems immune to the rules of politics, but it’s unclear why he’s letting convicted white-collar criminals out of their sentences.

Why is Trump letting convicted fraudsters off the hook?
At some point, we may find out, writes our columnist:
therealdeal.com/new-york/202...