Renald Properties sells development site for $37M

November 5, 2025 / no comments

A development site straddling the border between Queens and Brooklyn sold this week, but that’s where the answers end and the questions begin. Renald Properties sold a seven-lot assemblage at the intersection of Myrtle and Wyckoff avenues for $37 million, Crain’s reported. The 71,000-square-foot site is technically in Ridgewood, but is nearly adjacent to Bushwick. The buyer was not revealed, but the price point represented one of the year’s biggest deals in the area, according to the transaction brokers.  The site comprises 21 retail businesses, including an autobody shop, a department store and a McDonald’s. The buyer would need to […]

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

The Daily Dirt: Does the rent really eat first?

November 5, 2025 / no comments

This week, I heard from an affordable housing developer who is increasingly worried about the federal government shutdown — food stamps and rental vouchers, in particular. Not only has the shutdown gone on longer than is typical, but the Trump administration has taken some seemingly discretionary actions to pressure Democrats to make a deal. Usually, the federal government tries to minimize the impact of shutdowns. But Donald Trump is not your usual president. He is always looking for leverage and is not a slave to political norms. As such, he has spoken openly about the shutdown giving him an opportunity […]

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

REPORT: AI Startup Sierra Eyes 300K SF Office Lease In San Francisco

November 5, 2025 / no comments

The artificial intelligence startup Sierra is set to sign its third office lease in San Francisco in as many years. The firm, headed by OpenAI Chair Bret Taylor, plans to take 300K SF at 185 Berry St. The two-building complex, known as China Basin, is also home to Lyft’s headquarters.  
The deal is expected to close imminently, according to the San Francisco Business Times, which reported the potential lease on Monday, citing anonymous sources.