San Francisco’s Office-to-Housing Pipeline Clears 300 Units as AI Rebound Squeezes Conversion Candidates

After a decade with almost nothing to show, San Francisco is set to receive applications for three office-to-residential conversions totaling more than 300 units this month, even as a resurgent tech market drives up building prices and threatens to shrink the supply of properties cheap enough to convert. San…

Cultivated Meat Company Upside Foods Leases 19,000 SQFT at 6101 Christie Avenue in Emeryville

Upside Foods, the cultivated meat company that raised more than $600 million at a billion-dollar valuation and then cut staff three times in 13 months, has leased 18,505 square feet at 6101 Christie Avenue in Emeryville, a lease that appeared on the Bay Area’s life sciences roster in the same quarter that a nearby…

Residents Buy 82-Space Alisal Country Estates Mobile Home Park in Salinas for $12MM

The residents of Salinas’ 82-space Alisal Country Estates Mobile Home Park have collectively purchased the property for $12 million, converting a rented-land community into one of the region’s first resident-owned parks and shielding dozens of farmworker and fixed-income households from the rent hikes reshaping the…

71,000 SQFT Class A Headquarters at Pleasanton’s Bernal Corporate Park Hits the Market, Leased to Rimini Street Through 2027

A freestanding, three-story Class A office building in Pleasanton’s Bernal Corporate Park has hit the market as a rare owner-user opportunity, fully occupied by Rimini Street under a lease that runs into January 2027 in a submarket where roughly two of every five Class A square feet sit empty. The…

The Truck Yard Grows Up: How Industrial Outdoor Storage Became Institutional Real Estate’s Hottest Bet

A decade after a favor for a friend in the crane business pulled Alterra Property Group into the fragmented world of truck yards and equipment lots, industrial outdoor storage has become one of commercial real estate’s most aggressively capitalized sectors — and the executives closest to it say the valuation gap…

Gantry Arranges $11.5M Loan for Refinancing of Long Island Self-Storage Facility

ISLAND PARK, N.Y. — San Francisco-based intermediary Gantry has arranged an $11.5 million loan for the refinancing of a 740-unit self-storage facility located in the Long Island township of Island Park. Public Storage operates the three-story, climate-controlled facility. Robert Slatt and Alex Poulos of Gantry…

JLL Arranges $28.2M Sale of Westwood Town Center in Suburban Cleveland

ROCKY RIVER, OHIO — JLL Capital Markets has arranged the $28.2 million sale of Westwood Town Center, a shopping center in Rocky River near Cleveland. Built in 1988, the property totals 226,155 square feet. Anchor tenants include Home Depot, which accounts for 30 percent of income and recently extended its lease,…

ARKA Properties Groups Purchases 98,820 SF Industrial Building in Sandy, Utah

SANDY, UTAH — ARKA Properties Group has purchased a 98,820-square-foot industrial property located on Parkland Drive in the Salt Lake City metro area from a Southern California-based private developer. Lucas Burbank, Jeff Heaton, Kyle Roberts and Kelsie Akiyama of the DRAY Logistics Group at Newmark Mountain West…

CBRE Brokers $77.5M Sale of Multifamily Community in Oceanside, California

OCEANSIDE, CALIF. — CBRE has brokered the $77.5 million sale of Sunterra, a multifamily community located just north of Carlsbad in Southern California. An undisclosed buyer acquired the asset from 29th Street Capital. Rachel Parsons, Derrek Ostrzyzek, Mike Murphy and Kenji Thomas of CBRE represented the seller,…

Greenstone Partners Negotiates $4M Sale of Apartment, Retail Building in Chicago

CHICAGO — Greenstone Partners has negotiated the $4 million sale of a fully leased property located along Restaurant Row in Chicago’s Fulton Market neighborhood. Located at 1012 W. Randolph St., the four-story asset totals 6,500 square feet and includes a ground-floor retail space leased to Rōti Modern…

First Washington Realty Acquires 123,562 SF Retail Center in Bellevue, Washington

BELLEVUE, WASH. — First Washington Realty has acquired Evergreen Village, a 123,562-square-foot grocery-anchored community shopping center located across Lake Washington from Seattle in Bellevue. Terms of the transaction were not released. Tenants include Safeway, Edgeworks Climbing, Puetz Golf Superstore and…

Reports: Airbnb Buys Midtown Manhattan Office Building for $81.5M

NEW YORK CITY — San Francisco-based Airbnb has purchased 281 Park Avenue South, an office building in Midtown Manhattan, for $81.5 million, according to reports from multiple news outlets, including The Wall Street Journal (WSJ) and the New York Post. The landmarked, six-story building is known locally as Church…

JLL Brokers Sale of 237,880 SF Logistics Facility in Wilmington, Massachusetts

WILMINGTON, MASS. — JLL has brokered the sale of a 237,880-square-foot logistics facility located at 800 Salem St. in Wilmington, a northern suburb of Boston. Completed in 2025, the building features a clear height of 32 feet, 47 dock-high loading positions, two drive-in doors, 130-foot truck court depths, parking…

HODC Opens 48-Unit Permanent Supportive Housing Community in Northbrook, Illinois

NORTHBROOK, ILL. — Nonprofit developer Housing Opportunity Development Corp. (HODC) has opened Poupard Place, a permanent supportive housing community in Northbrook. The 48-unit, four-story community at 1593 Shermer Road provides affordable housing for individuals and families living with disabilities. The…

RH Outlet Opens 50,700 SF Store at Ikea Drive Plaza in Paramus, New Jersey

PARAMUS, N.J. — RH Outlet has opened a 50,700-square-foot store in the Northern New Jersey community of Paramus. The luxury home furnishings retailer has relocated its Paramus store from an unspecified, nearby space to a freestanding building within Ikea Drive Plaza. Curtis Nassau and Patrick Brake of RIPCO Real…

BKM Capital Partners Acquires 401,000 SF Industrial Portfolio Near Seattle

TUKWILA AND KENT, WASH. — BKM Capital Partners has purchased a five-building, 401,000-square-foot industrial portfolio located in metro Seattle. Terms of the transaction were not disclosed. Spanning 19 acres of infill industrial space, the portfolio includes Southcenter West Business Park, a three-building,…

Marcus & Millichap Brokers Sale of 916-Unit Self-Storage Property in Chicago

CHICAGO — Marcus & Millichap has brokered the sale of a 916-unit Public Storage property in Chicago. Completed in 2024, the self-storage facility consists of climate-controlled units totaling 72,899 rentable square feet. Jeffrey Herrmann and Sean Delaney of Marcus & Millichap represented the seller, an…

Wholesale Inflation Follows Consumer Prices with June Decline

U.S. wholesale inflation followed the example of consumer price inflation in June with a monthly decline. The Producer Price Index for final demand fell by a seasonally adjusted 0.3% in June after rising 1.1% the previous month, the U.S. Bureau of Labor Statistics reported Wednesday. Analysts had expected the June…

LBA Logistics Acquires 350K-SF Forsyth County Warehouse Pair

LBA Logistics recently purchased two industrial properties in the Union Cross Industrial Park near Winston-Salem for $38.16 million. The seller was Westcore. The Triad Business Journal reports Westcore purchased the two Millennium Drive properties from developer Front Street Capital for a combined $36.9 million in…

Charlotte’s Spectrum Companies Acquired by Lincoln Property Company

Dallas-based Lincoln Property Company (“Lincoln”), a global full-service real estate firm, acquired The Spectrum Companies (“Spectrum”), a Charlotte-based, full-service real estate firm. The acquisition enhances Lincoln’s full-service real estate platform in the Carolinas region, combining complementary…

Slate, RiseBoro Land $163M Loan for Two Williamsburg Housing Projects

New York’s Fair Fares Expansion Is a Win for Affordable Housing

Berkadia Arranges Sale, Financing for Masons Keepe in Manassas, Virginia

MANASSAS, VA. — Bridge Investment Group has acquired Masons Keepe, a 270-unit property in Manassas for an undisclosed sum. Brian Crivella, Bill Gribbin, Yalda Ghamarian and Jack Canepa of Berkadia… The post Berkadia Arranges Sale, Financing for Masons Keepe in Manassas, Virginia appeared first on Multifamily &…

Wheatland Investments Group Obtains $10.8M Loan for Affordable Housing Development in Lawrence, Kansas

LAWRENCE, KAN. — Merchants Capital has secured a $10.8 million Freddie Mac loan for Floret Hill, a 121-unit affordable housing development in Lawrence. The developer, Gardner, Kansas-based Wheatland Investments Group,… The post Wheatland Investments Group Obtains $10.8M Loan for Affordable Housing Development in…

Apex, L+M Obtain $217M to Finance Phase II of Alafia in Brooklyn

NEW YORK CITY — Apex Building Group and L+M Development Partners have obtained approximately $217 million in financing for the third phase of the Alafia project, an affordable housing community… The post Apex, L+M Obtain $217M to Finance Phase II of Alafia in Brooklyn appeared first on Multifamily & Affordable…

Marti Burrows Appointed COO of Asset Living

HOUSTON — Asset Living has appointed Marti Burrows to chief operating officer to oversee operations across Asset Living’s national portfolio. Asset is ranked second on The National Multifamily Housing Council’s… The post Marti Burrows Appointed COO of Asset Living appeared first on Multifamily & Affordable Housing…

Better Weather Is the Top Reason Americans Are Planning Out-of-State Moves, Outranking Affordability

22% of U.S. residents moving to a different state cited better weather as a factor in their move, the most commonly cited reason, per a new Redfin survey. Nearly as many people, 21%, are looking to move out of state due to concerns about climate change. Weather and climate concerns are more common reasons for […]…

Redfin Partners With The Weather Company to Bring Weather Data to Every Home Listing

Homebuyers can now view temperature, precipitation, snowfall, humidity and UV index information on all for-sale listings When you’re buying a home, it’s about more than bedrooms, bathrooms and square footage. You also want to know what everyday life will actually feel like—from snowy winters and rainy springs to…

Affordable, Inland College Towns Buck National Trends, Seeing Double-Digit Home Price Growth and Fast Sales

Morgantown, WV, Syracuse, NY and Tuscaloosa, AL, lead U.S. college towns in home-price growth, all posting double-digit year-over-year climbs. The most expensive college towns—Santa Barbara, CA, Boca Raton, FL and Flagstaff, AZ—are seeing home prices fall. The least expensive college towns—Dayton, OH, Syracuse, NY…

Elevated Supply Moderates U.S. Multifamily Rent Growth, Yardi Matrix Reports

Economic trends could boost sector’s fundamentals; investors remain enthusiastic SANTA BARBARA, Calif., July 15, 2026 – The U.S. multifamily market closed out the first half of 2026 showing modest growth, as the average month-over-month advertised rent rose by $4 in June and year-over-year growth remained unchanged…

Single-Family Permitting Continued to Weaken Through May

This is a data-focused report published by the National Association of Home Builders in July 2026 presenting permitting figures for single-family residential construction through May 2026 at the national level. The report indicates that single-family permitting activity showed continued weakness during the measurement period.

Ian Jacobs Affiliate Pays $48.5MM for Bulgari-Anchored Union Square Building in San Francisco

A Reichmann family scion just placed one of his biggest bets yet on Union Square’s recovery, closing on a Bulgari-anchored building days after the deal seen as the strongest proof of downtown San Francisco’s retail comeback collapsed. Silver Gate Property II LLC, a Delaware entity affiliated with investor Ian…

The Plan: Major League Soccer Scores Big With Global HQ Design at Vornado’s 2 Penn

Developers Chosen For $1B Housing Project Tied To USS Intrepid

One of the largest undeveloped sites in Manhattan overlooking the Hudson River is set to become a massive housing project. Gov. Kathy Hochul selected a team of The Gotham Organization, Fisher Brothers and Mural Real Estate to build 1,127 housing units...

Revealed: The Banks Powering Private Credit's CRE Lending Boom

Michael Lavipour still remembers the bank office where executives laughed him out of the room. It was 13 years ago, and the head of lending for Affinius Capital was on the hunt for a credit facility to support the investment management firm’s real estate...

Investor Launching $100M BTR Fund To Capitalize On Opportunity From Housing Bill

PPR Capital Management just began investing in the build-to-rent housing sector last year, and now it is looking to pounce on a market it sees as benefiting from the new federal housing law. The Wayne, Pennsylvania-based firm this week is launching...

Apartment Rents In Manhattan, Brooklyn Again Hit New All-Time Highs

New York City renters have never paid more for their housing — and their options on where to live are dropping.

Northern Virginia's First JW Marriott Residences Sets A New Standard For Luxury Ownership

JW Marriott Residencies Reston Station is a luxury condominium collection located within the landmark JW Marriott Hotel & Residences tower at Reston Station, one of the largest mixed-use, transit-oriented developments in the mid-Atlantic region....

Largest “Foreign” Holders of US Treasuries, incl. US Hedge Funds in the “Basis Trade” & US Companies with Overseas Entities

This is a data and figures report published by Wolf Street in July 2026 examining the largest holders of US Treasury securities, including US hedge funds engaged in basis trading and US companies operating through overseas entities. The report covers national-level data on foreign and foreign-adjacent Treasury holdings.

DHS Says 470K SF Warehouse It Planned To Sell Will Become Immigrant Jail After All

The Department of Homeland Security has reversed course on its plan to sell a New Jersey warehouse and will go back to its original intention of converting it into a detention facility. A federal judge was notified July 10 of the agency’s decision...

Data Center Firms DataBank, EdgeCore Reportedly Courting Buyers

Multiple prominent data center firms are reportedly looking to sell stakes in their companies as record demand drives valuations higher.

Lincoln Property Buys Charlotte Developer In Bid To Boost Deals

Lincoln Property Co. has purchased Charlotte-based developer The Spectrum Cos. in a deal that Lincoln says will help it grow its footprint across the Carolinas.

Real Estate Companies Need to Rethink How They Spend on Technology in the AI Era

As AI reshapes industries, real estate faces mounting pressure to invest in innovation, bridge its R&D gap, and build true technological capability. The post Real Estate Companies Need to Rethink How They Spend on Technology in the AI Era appeared first on Propmodo . ]]>

Lurie Taps Real Estate Veteran to Run Port of San Francisco as Waterfront Development Pipeline Swells

San Francisco Mayor Daniel Lurie has elevated Michael Martin from acting chief to permanent executive director of the Port of San Francisco, handing the agency’s 7.5-mile waterfront real estate portfolio to a three-decade government and development veteran at the moment tourism spending is set to break the city’s…

Garden-Style Apartments Go for $78M in North County San Diego

CBRE facilitated the $77.5-million sale of Sunterra, a 240-unit multifamily community located at 3851 Sherbourne Dr. in Oceanside. The firm’s Rachel Parsons, Derrek Ostrzyzek, Mike Murphy and Kenji Thomas advised the seller, 29th Street Capital. Debt and Structured Finance support was provided by James Flinn and…

Brookfield in Talks for Stake in Hudson Square Properties

Brookfield is in exclusive talks to acquire a stake in Hudson Square Properties in a deal that would value the complex at $3.5 billion, the Wall Street Journal reported. The asset management giant would own 10% of the 13-building, 6.2 million-square-foot portfolio, and would take over as its long-term operating…

$45M Loan Finances Construction of Harlem Condo High-Rise

SCALE Lending, the debt financing arm of Slate Property Group, has issued a $45-million senior-secured construction loan for a new multifamily project located at 264-272 W. 135th St. in Harlem. The sponsor, Mass Development, will use loan proceeds for the ground up development of an 11-story residential condominium…

London Nightclub Operator Buys 675 Hudson Street for $100M

Developer Wolfe Landau Buys FiDi Redevelopment Site for $35M

PGIM Hires David Blum as Managing Director of Commercial Real Estate Credit

This is a news article published by Commercial Observer in July 2026 announcing that PGIM has hired David Blum as a Managing Director in its Commercial Real Estate Credit division. The article covers personnel and organizational changes within the commercial real estate capital markets and debt financing sectors.

Columbia Property Trust Modifies $1.8B Loan After Multiple Defaults

After two defaults, New York-based Columbia Property Trust has struck a deal with its lenders to restructure approximately $1.8B of debt backing a seven-building portfolio. The June agreement will modify the debt, which is secured by buildings in San...

Milhaus Merges with SRG Residential, Will Acquire Broadshore Capital

Indianapolis-based Milhaus has completed a merger with one Southern California-based multifamily company and has agreed to acquire another. The merger of Milhaus with SRG Residential forms a national, vertically integrated platform focused on developing, owning, and managing apartment communities in more than 20…

Workbar Expands with Return to Somerville’s Union Square

Coworking operator Workbar will open a 10,000-square-foot new location in Somerville’s Union Square, within the new USQ mixed-use development adjacent to the Union Square MBTA station. Housed in the Prospect Union Square residential tower at 50 Prospect St., the company will be the second commercial tenant signed…

Finmarc Sells Land, Building to Pulte Homes for $26M

Finmarc Management, Inc. has completed the $26.36 million sale of an 83,300 square foot flex and office building, as well as an adjacent 6.4-acre parcel located within the Park East Corporate Center in Chantilly, Virginia, to Pulte Homes. Finmarc acquired the three-building business park comprised of nearly 200,000…

Kidder Mathews Arranges Sale of Capitol Hill Mixed-Use Apartment Building

Casa del Rey, a 30-unit mixed-use apartment building, located at 321 Broadway E. in Seattle’s Capitol Hill neighborhood, has sold for $4.57 million. Matt Johnston, Jerrid Anderson, Matt Laird, and Jack Shephard of Kidder Mathews’ Simon | Anderson Multifamily Team represented the seller, 321 Broadway Associates,…

Related Beal Plans Complete Upgrade, Renovation of Salem Affordable Housing

Related Beal, Related Affordable, The Commonwealth of Massachusetts and MassHousing announced a complete upgrade and renovation of the Loring Towers affordable housing community built in Salem in 1974. With financing secured, Related will begin a comprehensive, multi-phased renovation of the 250-unit property in…

Slatt Capital Arranges Life Company Loan for Rohnert Park Offices

Slatt Capital arranged a $12,000,000 non-recourse acquisition loan for a 68,094-square-foot multi-tenant office building located at 5900 State Farm Dr. in Rohnert Park. The 1973-vintage property was financed through a life insurance company lender, The Standard, with a structured staggered term and 30-year…

Habitat for Humanity SKKC Completes Largest Affordable Housing Building to Date

Habitat for Humanity Seattle-King & Kittitas Counties (Habitat SKKC) will celebrate the completion of the 58-home Liberty Commons community in Seattle’s Columbia City neighborhood. Liberty Commons is Habitat SKKC’s largest single-building development to date—and the largest multi-family building in Habitat for…

Northern Builders, Affinius Capital Ink 1.2M-SF Facility Lease

Northern Builders, in partnership with Affinius Capital, announced a long-term lease agreement for a 1,200,000-square-foot industrial facility at Cherry Hill Business Park in Joliet, Illinois. The undisclosed tenant was represented in the transaction by Adam Mitchell and Matt Carolan of JLL, and Northern Builders…

Can One Giant Project Change the Narrative Around Downtown Los Angeles?

The article examines the Fourth & Central project, a 7.6-acre mixed-use development by the Rauch family in downtown Los Angeles that received City Council approval on June 30, 2026, after a five-year process beginning with its 2021 unveiling. The $2 billion project will include 1,589 residential units (with nearly one in seven planned as affordable), office and retail space across 10 buildings, and is expected to signal renewed development momentum downtown while helping to physically connect previously fragmented neighborhoods like Little Tokyo, the Arts District, and Skid Row.