The industry's own research.
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NEW YORK CITY — San Francisco-based investment firm Spear Street Capital has purchased 76 Eighth Avenue, a 10-story office and retail building in Lower Manhattan, for $50.5 million. The 35,620-square-foot building was completed in 2022 and was fully leased at the time of sale, with Wells Fargo occupying the retail…
NEW YORK CITY — Energy Capital Partners has signed an office lease expansion in Lower Manhattan. The infrastructure investment firm previously occupied the entire 58th floor of One World Trade Center and has now taken the entire 59th floor, yielding a total footprint of 70,425 square feet. Eric Zemachson and Corey…
STAMFORD, CONN. — Golf Lounge 18 has opened a 7,700-square-foot entertainment venue in the southern coastal Connecticut city of Stamford. The space is located within Atlantic Station, a mixed-use development in the downtown area, and features multiple golf simulators in addition to food-and-beverage offerings. Golf…
NEW YORK CITY — JLL has negotiated the sale of two multifamily development sites in the Crown Heights area of Brooklyn for a combined price of $25.1 million. The sites at 1029 Dean St. and 1104 Pacific St., which traded in separate off-market deals, have a combined buildable square footage of about 129,000 square…

The article presents an interview with Allen Féliz, vice president of innovation for affordable and public housing at MRI Software, discussing the 21st Century ROAD to Housing Act's impact on real estate and proptech. Féliz describes how the legislation aims to increase housing supply by removing regulatory barriers and modernizing housing programs, which he argues will drive increased demand for proptech solutions in compliance management, workflow automation, asset management, and data visibility, while also expanding public-private partnerships in affordable housing development.

John Roesch, after nearly a decade at Meridian Retail Leasing, founded Roesch Real Estate Group (RREG), a new retail leasing firm that plans to eventually add an investment sales team and focus on middle-market institutional-style execution. Roesch brought two colleagues from Meridian—Griffin Hanes and Jessica Blocker—to the five-person startup, which aims to grow by combining AI systems with traditional business development methods such as cold calling and in-person networking.

More commercial real estate owners, including RXR and SL Green, are establishing special servicing platforms to manage distressed CMBS loans, leveraging their operational expertise in asset resolution while creating potential conflicts of interest when servicing loans of competitors. Rating agencies and pooling and servicing agreements provide oversight to mitigate conflicts, though Fitch has previously flagged concerns about affiliate influence, and industry experts remain divided on whether these arrangements ultimately benefit or harm bondholders despite structural post-2008 protections limiting special servicers' ability to acquire distressed assets.

Crestline Management and PACE Loan Group provided $58.7 million in construction financing for the Maranello Luxury Garages, an 80-unit luxury garage condominium project in Plano, Texas, with Crestline supplying $36.2 million in senior debt and PLG providing $22.5 million in C-PACE financing. The project is expected to reduce annual energy use by 28 percent and water use by 14 percent through sustainability improvements funded by the C-PACE component.
Brookfield is in exclusive talks to acquire a 10 percent stake in Hudson Square Properties, a 13-property portfolio valued at $3.5 billion on Manhattan's West Side, which would replace Hines as the joint venture's operating partner after a decade. The deal is expected to close in the coming months and comes as Hudson Square has attracted major tech and media tenants including Anthropic, PayPal, and Notion amid a citywide shortage of desirable office space.

Wharton Smith Construction, a New York City commercial construction firm founded by Elliott Mishan, has scaled its operations to handle increasingly complex projects including office fit-outs, corporate headquarters, medical facilities, and adaptive reuse work while maintaining service quality through dedicated staffing roles, proprietary estimating systems, and experienced project leadership. The company has completed major projects including a 100,000-square-foot hotel-to-residential conversion in Lower Manhattan and a 110,000-square-foot luxury corporate headquarters build-out, emphasizing preconstruction planning, data-driven budgeting, and disciplined execution as competitive advantages in New York's evolving commercial real estate market.
REITs are outperforming the S&P 500 by more than 5 percentage points year-to-date as of late June 2026, driven by sector diversification including data centers (up 27 percent), hotels and lodging (up nearly 40 percent), and senior housing, while traditional sectors like office have declined to roughly 3 percent of the REIT market index. The article attributes the valuation gap between REIT stock prices and their underlying real estate values to factors including earnings-focused investors with short time horizons, interest rate cycles, management quality and strategy, and market sentiment that has been slow to shift despite improved fundamentals in certain sectors.
On July 7, 2026, two steel support structures buckled at the former Pfizer headquarters at 235 East 42nd Street in Manhattan, causing five floors to begin caving in; the building was an office-to-residential conversion by Metro Loft and David Werner Real Estate Investments, and nobody was injured, though union leaders and city officials criticized the construction quality. The same week saw significant office leasing activity in New York, including Loeb & Loeb expanding to 178,959 square feet at 345 Park Avenue, NBCUniversal renewing 244,185 square feet at 1221 Avenue of the Americas, and Ralph Lauren adding 22,000 square feet to reach 280,000 square feet total at the Starrett-Lehigh Building.
Black Equities, an investment firm, purchased Access Culver City, a 115-unit multifamily property with 31,000 square feet of ground-floor retail, for $106 million, with the deal priced at $704,000 per residential unit and $805 per square foot for retail. The acquisition is described as likely a record for Culver City and reflects the city's emergence as one of Southern California's hottest multifamily investment markets, driven by media and technology employers and pro-development housing policies.

Event company Glasshouses has leased 70,000 square feet at 175 Greenwich Street in the Westfield World Trade Center complex in Lower Manhattan to establish its flagship venue, Glasshouse Downtown, designed to accommodate nearly 1,500 guests across two full floors of Tower 3 with completion targeted for 2028. CBRE brokers Anthony Dattoma, Chris Mansfield, and Zachary Weil represented landlord Unibail-Rodamco-Westfield in the transaction, and the lease represents a long-term commitment by Glasshouses to host corporate events, conferences, galas, and other large-scale social gatherings.

Jemal Equities secured a $27 million commercial mortgage-backed securities loan from Citibank for the refinancing of 1750 H Street NW in Washington, D.C., arranged by Meridian Capital Group. The 123,000-square-foot office building was purchased by Jemal in July 2025 for $28.5 million when it was nearly vacant, and the new permanent debt replaced the initial bridge financing after the property achieved significant leasing momentum within a single year.

Twain Capital Partners provided a $65 million Commercial Property Assessed Clean Energy (C-PACE) loan for the Foote's Rest mixed-use development in Frisco, Colorado, which will include an 80-key Marriott Tribute Hotel and an underground entertainment venue with bowling and golf facilities, with completion slated for October 2027. The St. Louis-based lender has originated $265 million in C-PACE loans since launching its platform in late 2025 and maintains a pipeline of $140 million under contract expected to close by the end of 2026.

Douglaston Realty sold 7 Cornelia Street, a five-story prewar West Village building containing 47 apartments and two ground-floor retail spaces, for $25 million, with the buyer masked behind a shell corporation and a $17.6 million mortgage from Woori America Bank. The property was originally acquired by Douglaston in 2013 for $24.6 million, and investor Hyun Jun An, who signed the mortgage documents, has been involved in recent acquisitions including 893 Broadway in the Flatiron District for $31 million and 16 East 18th Street for $16.3 million.
Apex Building Group and L+M Development Partners secured $217 million in construction financing for the third phase of the Alafia Project in East New York, Brooklyn, which will deliver 273 units of affordable housing and public green space, with funding provided by Redstone Bank, Goldman Sachs Urban Investment Group, New York State Energy Research and Development Authority, and New York State Homes and Community Renewal through Low-Income Housing Tax Credits and tax-exempt bonds. The broader Alafia redevelopment project will ultimately transform 27 acres of the former Brooklyn Developmental Center into approximately 2,600 affordable housing units, a 50,000-square-foot community medical facility with senior health services, and over 20,000 square feet of public green space, with Phase 3 expected to complete in 2029.
The Palm Beach County Commission voted 5-2 to freeze new data center applications in unincorporated areas pending zoning changes, and directed staff to draft a year-long moratorium expected to be finalized the following month, citing concerns about infrastructure impact and resident opposition. The pause affects future proposals but allows one pending 3.7 million-square-foot development called Central Park Commerce Center (Project Tango) on 202 acres in Loxahatchee to proceed with its review.

Siemens Financial and First Horizon provided $64.8 million in construction financing for the Health Park at Avenir project in Palm Beach Gardens, Florida, a hospital and medical outpatient complex fully leased to Jupiter Medical Center. The project, located at 12001 Northlake Boulevard, comprises a two-story neighborhood hospital and three-story medical outpatient building totaling 101,517 square feet, with an approved future phase for 24,000 additional square feet of medical outpatient space.
Real estate investor Robert Rivani sold the Wynwood Jungle retail building in Miami to Tabani Group for $25.7 million, equivalent to approximately $660 per square foot for the 39,000-square-foot property located between 75 and 43 Northwest 23rd Street. The property, which Rivani purchased for $13.3 million in 2021, contains ground-floor tenants including Häagen-Dazs and The Salty doughnut shop, with approximately half of the leasable space available, and was encumbered by litigation involving restaurant operators over lease terms and occupancy disputes.

Investment firm Mavik Capital Management is looking to raise capital for a new distress fund. The New York-based firm seeks to raise $1B to acquire distressed commercial real estate assets, Bloomberg reported. The money will go into a new fund called...

Nearly a quarter century after the 9/11 terrorist attacks leveled the World Trade Center towers, work on the new campus’ final new office tower is underway.

It’s not just New York and California — the office market is getting healthier across the country.

Two historic New Jersey buildings — the iconic Bell Labs headquarters in Holmdel and the former Commvault campus in Tinton Falls — have been reborn as Bell Works and are redefining what an office campus can be. Inspired by Somerset Development reimagined...

The 46th edition of ULI's annual report examines shifting market dynamics, preferred investment locations, and sector opportunities shaping real estate across North America.

SUCCASUNNA, N.J. — Senior Living Investment Brokerage has arranged the sale of a nine-acre entitled development site located in Succasunna an unincorporated community located in Roxbury Township, roughly 45 miles northwest… The post SLIB Arranges Sale of Development Site in New Jersey appeared first on Seniors…

The Manhattan office market’s Q2 2026 availability rate was 13.0%, the lowest since October 2020, and was well below its peak of 18.2% in February 2024.1 In typical market conditions, an availability rate above 10.0%, or equilibrium, points to a tenant-favored market. However, current market conditions indicate…

NEW YORK CITY — JLL has arranged a $44.5 million refinancing loan for locally based Benchmark Realty Group’s 61-unit property at 194 East 2nd St. in Manhattan’s East Village. Citi… The post JLL Arranges $44.5M ReFi Following Benchmark’s East Village Renovation appeared first on Multifamily & Affordable Housing…

West Palm Beach, FL, where the typical luxury home costs 8.9 times more than the typical non luxury home, has the nation’s biggest luxury home price premium. Next comes Miami, with a median luxury-to-non luxury home price ratio of 8.8, and New York City, where the typical luxury home costs 5.5 times the typical non…

FAIR LAWN, N.J. — Finance and investment management firm PCCP has provided a $66.9 million loan for the development of a new active adult community located in Fair Lawn, roughly 25… The post PCCP Provides $66.9M Loan for Active Adult Development in Metro New York City appeared first on Seniors Housing Business .

JLL analysis of office market conditions and trends in Los Angeles.

Analysis of the Newark Airport hotel submarket's recovery trajectory following pandemic-related disruptions, examining supply changes and passenger rebound impacts.

Analysis of how New York City's proposed property tax increase reflects broader municipal budget pressures affecting major U.S. cities' commercial real estate sectors.

Avison Young reports on shifting lease size dynamics in the Downtown Boston office market.

EAST ISLIP, N.Y. — Benchmark Senior Living and National Development have acquired a property in East Islip on Long Island, with plans to develop a new seniors housing community at the… The post Benchmark, National Development Plan 90-Unit Community on Long Island appeared first on Seniors Housing Business .

Analysis of office market recovery trends across different regions of the United States.

NEW YORK CITY — Gilbane and partners have closed on financing for 1920 Turnbull, a $170 million, 228-unit affordable and supportive housing project in the Castle Hill/Soundview neighborhood of the… The post Gilbane, Partners to Develop $170M Affordable Housing Tower in The Bronx appeared first on Multifamily &…

JERSEY CITY, N.J. — Walker & Dunlop has arranged a $375 million construction loan to finance JFK Boulevard, a mixed-use project that will be built in Journal Square in Jersey City.… The post Madison Capital Provides $375M Construction Loan for Jersey City Development appeared first on Multifamily & Affordable…

Oxford Economics examines the relationship between macroeconomic conditions and real estate investment performance across major U.S. metropolitan areas.

Nearly 1 in 5 U.S. house hunters looked to relocate to a different metro area in the first quarter, up slightly from a year earlier. Florida, Las Vegas and Phoenix are the most popular destinations, with many movers chasing affordability and sunshine. New York, Seattle, Los Angeles and other expensive metros top…

Oxford Economics analyzes the economic impact of World Cup hosting on US cities, focusing on leisure and hospitality sector gains.

Avison Young examines slowing industrial market performance in New Jersey during the opening quarter, tracking activity trends across the state's logistics and distribution sector.

Analysis of leasing trends in New Jersey's industrial sector, with focus on the shift toward smaller-sized lease transactions.

Newmark's third-quarter 2024 report covering capital markets activity and investment trends across major U.S. real estate sectors.
Analysis of multifamily rental market conditions and trends in Manhattan.

Newmark analysis examining retail transformation and evolution across major shopping districts in three global cities.

The New York (NYC) metro medical office market (MOB), which saw its occupancy rate fall as a result of the Covid-19 outbreak, is now on the rebound. NYC’s MOB market, prior to the pandemic was extremely tight and hovered around 94%. The post The New York Metro MOB Market is on the Upswing! appeared first on…

NEW YORK CITY — Bowery Square Corp. has sold 196 Bowery, a mixed-use property in Manhattan’s NoLita neighborhood, to Javery Capital for $11.4 million. The eight-story, 13,000-square-foot building sits on… The post Javeri Capital Buys Manhattan Mixed-Use Property for $11.4M appeared first on Multifamily & Affordable…

Home prices rose 0.3% month over month on a seasonally adjusted basis. Prices rose 2.5% on a year-over-year basis–the fastest growth rate in six months. On a local level, prices rose in 29 major metros month over month, with the biggest increases in Cleveland, Providence and New York. This is based on the Redfin…

More than half of homes are selling above asking price in Newark, San Francisco, San Jose and Nassau County, making them the most competitive markets in the nation. The AI boom is leading to bidding wars in the Bay Area, and in the Northeast, many metros are seller’s markets. The least competitive markets are in…

Like other legislatures around the United States, the New York State Legislature spent the first half of this year considering policy on controversial topics that affect commercial real estate development. When both chambers adjourned their 2026 legislative session in early June, two bills they had passed…
TOTOWA, N.J. — The New Jersey Economic Development Authority (NJEDA) board has approved $35.3 million in tax credits for a new seniors housing project in Totowa, roughly 20 miles northwest of… The post NJEDA Approves $35.3M in Tax Credits for Project in Northeast New Jersey appeared first on Seniors Housing…

NEW YORK CITY — Madison Realty Capital has originated a $480 million loan for the office-to-residential conversion of 1740 Broadway in Midtown Manhattan. Yellowstone Real Estate Investments was the borrower,… The post Madison Realty Capital Originates $480M Loan for Midtown Manhattan Office-to-Residential Project…

New Jersey's industrial market in Q4 2025 achieved 28.8 million square feet of new leasing activity—the third-highest annual total on record—with the Turnpike Corridor accounting for 70.5% of year-to-date activity, though the vacancy rate rose to 8.9% due to 4.4 million square feet of new deliveries and 2.2 million square feet of negative net absorption in the fourth quarter. The Port of New York and New Jersey recorded a 2.9% year-over-year increase in container volume through November, while overall asking rent declined 4.8% year-over-year to $16.60 per square foot, with Class A warehouse and distribution properties showing stronger resilience than non-Class A assets.

Northern New Jersey's office market recorded 1.9 million square feet of leasing activity in the first quarter of 2026, slightly below the two-year quarterly average of 2.1 million square feet, while the overall availability rate decreased 20 basis points to 22.7% driven by 240,846 square feet of positive net absorption. Key findings include sublease availability declining to 5.9 million square feet—the lowest level in six years—Class A office leasing accounting for more than 72.3% of overall activity, and overall asking rents averaging $32.12 per square foot with a 0.38% year-over-year increase, with Class A pricing at $35.29 per square foot representing a 9.3% premium.

Cushman & Wakefield's Q1 2026 New Jersey office market report documents overall vacancy at 21.8% (50 basis points below year-ago levels), asking rents at $32.43 per square foot, and 371,986 square feet of negative absorption during the quarter, with Class A properties commanding an 11.5% premium and accounting for 59.7% of leasing volume. The state's labor market remained stable at 4.6 million jobs with education and health services posting 3.5% year-over-year growth, while Northern New Jersey vacancy declined 140 basis points year-over-year to 21.3% and Central New Jersey vacancy rose 80 basis points year-over-year to 22.5%, with demand concentrated in well-located, transit-accessible high-quality office buildings reflecting an ongoing flight-to-quality trend.

This is a data figures report published by CBRE on December 31, 2025, covering the office sector in New Jersey and related markets including Northern New Jersey, Philadelphia, New York, and national comparisons for the fourth quarter of 2025.

This is a data and figures report published by CBRE on March 31, 2026, presenting office market metrics for downtown Boston in the first quarter of 2026.

This is a quarterly market report on the Manhattan office sector published by Colliers on March 31, 2026, covering the first quarter of 2026.