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Oak Park could become the first municipality in Illinois to spike zoning rules that only allow single-family houses on residential lots. The goal of changing the zoning rules is to allow for construction of middle-tier housing that has been mostly missing from areas around the state. Dense, multiunit developments…
Yitzy Klor struck out in his third attempt to convert the Loop condo tower at 200 North Dearborn Street into apartments. The condo board for the tower closed a buildingwide vote this week that came in with about 34 percent of owners rejecting the $98 million offer from Klor, according to a board announcement in the…
SAN DIEGO, July 28, 2026 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE: AAT) (the “company”) today reported financial results for its second quarter ended June 30, 2026.
– Closed $153 million of investments at a weighted average initial yield of 10.2% – – Raises Investment Guidance to $300 million to $400 million – – Increases 2026 Core FFO Per Diluted Share Guidance to $2.09 to $2.13 –
Atlanta, GA, July 28, 2026 (GLOBE NEWSWIRE) -- Piedmont Realty Trust (NYSE: PDM) has released its financial and operational results for the quarter ended June 30, 2026. Please visit the Investor Relations section of Piedmont's website at https://investor.piedmontreit.com to access the Earnings Release and…
The Wideman Company expanded its Downtown Houston portfolio by buying the 35-story TotalEnergies Tower from Brookfield Properties. Financial terms of the transaction were not disclosed, but Harris Central Appraisal District records state that the building has an appraised value of $121.8 million, according to the…
Simone Development Companies has brought its two-story, 27,275-square-foot medical and office building at 1733 Eastchester Road in the Bronx’s Morris Park neighborhood to full occupancy, according to the firm. The building’s last vacant space was leased in June, when the U.S. General Services Administration (GSA)…
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The Fed is expected to hold rates this Wednesday, July 28th, 2026, but a hike is a real possibility after surging energy prices revived inflation concerns. Meetings can move markets even when the rate does not change. In June, the Fed held and still jolted rate expectations, producing the largest hawkish surprise…
Opus has begun on Canal Crossing Commerce Center, an 898,500-square-foot three-building speculative industrial development on 72 acres in Canal Winchester, Ohio. Canal Crossing Commerce Center is optimally located three miles from I-270, five miles from Rickenbacker International Airport and 10 miles from downtown…
Marcus & Millichap closed the sale of the Delhi Street Portfolio, a three-building multifamily portfolio in Boston, for $4,875,000. The firm’s Evan Griffith and Tony Pepdjonovic marketed the property on behalf of the seller, a local partnership. The portfolio is located at 157-159, 161-163 and 165-167 Delhi St. in…
The Phoenix metro will have more hotels open this year than any other major city in the United States. The Valley of the Sun is expected to have 26 hotel projects open before the end of the year. The Phoenix Business Journal reports that accounts for 3,615 new hotel rooms being added to the regional ... The post…
Meta Platforms, the parent company of Facebook, Instagram and WhatsApp, and BlackRock Inc. have formed a joint venture to develop and operate a data center campus in El Paso. The companies project that total development costs for the 1-gigawatt (GW) campus will be approximately $14 billion. Meta will provide…
Seyon Group has sealed $28.1 million of acquisition financing to purchase an 11-building industrial campus in East Hartford, Conn., Commercial Observer has learned. Northwest Bank supplied the loan for Seyon Group’s $37 million acquisition of the 428,000-square-foot Prestige Park property. The 11 warehouses that…
Whole Foods Market has signed a lease to open its version of a mini-mart on the Upper East Side. The Amazon-owned grocery chain closed an 8,121-square-foot deal for one of its small-scale concepts on the ground floor of ConTowers Associates LP’s 1524 Second Avenue, also known as the Continental Towers, according to…
Marcus & Millichap completed the sale and financing of 1520 S. Caton Ave., a two-building office complex in Baltimore, Maryland. The asset sold for $6.94 million. Marcus & Millichap Capital Corporation (MMCC) secured $6.84 million in financing. “The buyer, a regional aviation services company, intends to partner…
Ocean West Capital Partners executed an eight-year lease extension with the District of Columbia, through its Department of General Services, at Sentinel Square II, located at 1050 First Street NE in Washington, D.C.’s NoMa submarket. The District has been a valued tenant at Sentinel Square II for nearly a decade.…
Lone Star Funds bought Premier Place, a 458,000-square-foot tower at 5910 N. Central Expressway. Glenstar Properties was the seller. A JLL team led by Jonathan Napper brokered the sale. The tower is about 94% leased. The Dallas Business Journal reports the Dallas Central Appraisal District assesses the value of the…
Sentinel Real Estate has acquired Willow Apartments, an upscale mid-rise multifamily community located in Lake Oswego, Oregon, just southeast of downtown Portland. Completed in 2024, the property is a 158-unit, five-story building that offers a mix of one-, two-, and three-bedroom residences. “Willow Apartments…
Harrison Street Asset Management has sold Clearwater at Riverpark, a 136-unit Class A independent living community in Oxnard. Although JLL, which arranged the sale, did not disclose the sale price or specify the buyer, published reports said healthcare REIT Ventas paid $55.7 million. Built in 2018 within the…
Colliers announced the lease of Velocity 74 Trade Center, located at 9201 North Frontage Road in Fairland, Indiana. Colliers | Indianapolis industrial advisory executive vice presidents Jimmy Cohoat and Jason Speckman represented the landlord, Browning Investments, an Indianapolis-based real estate development,…
Asset management giant TPG appears to be preparing a major push into the booming data center market.
Suffolk Construction is moving its office within Downtown West Palm Beach after signing a 19,000-square-foot lease at the Echo boutique building. The builder will relocate to the top floor of the four-story building at 205 Datura Street, which sits adjacent to South Narcissus Avenue, the tenant announced. The new…
Ventas has acquired a 136-unit senior living community in Ventura County, Calif., for $56.54 million, according to records with PropertyShark. The transaction closed July 15 for more than $415,700 per unit. JLL Capital Markets represented the seller, Chicago-based Harrison Street Asset Management, and announced the…
Associated Bank announced the completion of a $28.35 million loan to a joint venture of North Park Ventures and SNS Realty Group for development of a new transit-oriented residential development in Chicago. The loan included funds for acquisition of the former Tortenson Glass Co. which consists of nearly 30,000…
Wideman Co. acquired the 35-story TotalEnergies Tower at 1201 Louisiana St. from Brookfield Properties. The 850,000-square-foot tower was originally built in 1971. It has undergone numerous upgrades that included adding a fitness facility and adjacent bike room. The lobbies were previously renovated in 1996. And…
Hilton Worldwide Holdings posted second-quarter results just ahead of Wall Street estimates but well off the lofty heights hoteliers originally envisioned for 2026.
The nation's largest grid operator warned that it could temporarily cut off data centers without an independent source of power in an unmanageable demand event.
While Dallas-Fort Worth’s growth as a financial hub has fueled the region’s flight-to-quality trend, companies are also upgrading their offices as the use of artificial intelligence grows and they compete for the best talent in the metro.
A joint venture between the Dinerstein Companies and PGIM has secured $81 million to refinance Atlas Peakview, a 330-unit multifamily complex that recently opened outside Denver, Colo., Commercial Observer can first report. Mesa West Capital provided the debt, structured as a short-term, first-mortgage loan, while…
Lissette Calderon’s Neology Life closed a $175 million capital raise with plans to expand beyond its niche in South Florida multifamily to mixed-use projects across the Southeast. The raise from investors supercharges Coconut Grove-based Neology’s development capacity, arming it with $1 billion to pursue…
Cerberus Capital Management has acquired a $1.3-billion loam book with heavy exposure to rent-regulated apartments in New York City, Bloomberg News reported. The seller was OceanFirst Financial Corp., which priced the loans at about 92 cents on the dollar. With about $736 million of the $1.3-billion portfolio tied…
Ryan Companies is advancing a redevelopment of downtown Austin’s Sixth Street. The Austin Business Journal reports the redevelopment would take place on a full 1.8-acre block bounded by East Sixth and Fifth streets, Red River Street and Sabine Street. There are three buildings on the site now — a large one and two…
Student accommodation specialist Unite Group has announced a £417M first-half pre-tax loss as it warned that purpose-built student accommodation is struggling under soaring construction costs. The UK's largest student accommodation provider reported that...
Elme Communities has found a new buyer for its Alexandria, Virginia, apartment complex after a previous deal fell through, putting the REIT back on track in its liquidation process.
Interior design firm Cynde Altheim Interiors is holding onto its third-floor lease at 149 West 36th Street. Cynde Altheim will maintain its 6,740-square-foot office space in the Frangene Company-owned building, located between Broadway and Seventh Avenue. The design firm, which operates under the name of Mark David…
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Some of the strongest long-run single-family housing markets in the country have also been strong multifamily investment markets. But the two property types did not always appreciate at the same pace. To see where the relationship held, and where it broke down, Trepp compared annualized value growth across four…
APREA and JSB Capital Group closed on a $202 million construction financing package with Bayview Commercial Mortgage Finance (BCMF) on The Avenue. The funding includes includes $109 million of C-PACE financing and a $93 million traditional construction loan. The milestone kickstarts construction of the mixed-use…
Simpson Commercial Real Estate and Brown Investment Properties purchased 61.7 acres near Toyota’s $14 billion battery manufacturing facility (shown), with plans to develop a mixed-use project to be called Woody Mill. The joint venture paid $8 million for the site. The Triad Business Journal reports the team is…
Ascent Housing paid $28.8 million for a 140-unit affordable multifamily community in Charlotte. To help fund the deal, the company closed on $15.9 million in acquisition financing. Eller Capital was the seller of the Reserve at Waterford Lakes at 8725 Kody Marie Court. Newmark arranged the sale and acquisition…
With the purchase of the Hawthorne Race Course complete and the new owner’s seeming lack of interest in keeping racing alive in the Chicago area, the nearby town of Cicero is bracing for a controversial scenario: a data center. Cicero officials are expected to consider two anti-data center resolutions when they…
Americold Realty Trust is walking away from a 6-year-old deal with a Northeast grocery giant to operate two automated distribution hubs, a move that will result in a more than $300M hit to the cold storage REIT’s balance sheet.
An affiliate of San Francisco-based Roxborough Group has purchased Main Street Cupertino, the dining and retail hub sitting less than a mile from Apple’s circular headquarters, for $130 million, a price that points to climbing values for commercial property in one of Silicon Valley’s most tightly held tech…
Cannae Partners has purchased EmeryTech, a recently renovated creative office campus in Emeryville, for $55.5 million, a steep discount that lets the San Francisco-based investor step into a partially leased, move-in-ready asset far below what the building’s previous owner had spent to acquire and upgrade it.…
Wholesale product company EXP Group has landed $47 million of permanent debt to refinance an industrial asset in northern New Jersey, Commercial Observer has learned. Citizens Bank provided the loan on the 300,015-square-foot logistics property at 2500 83rd Street in North Bergen, N.J. Ripco Real Estate arranged…
Across segments, retail and dining expansions converge on a common set of priorities, Placer.ai says in a new white paper. These include identifying markets with strong demand, ensuring alignment with target audiences and leveraging local consumer behavior to drive synergy. Titled What High-Growth Brands Know About…
Kwalitatief winkelvastgoed op de juiste locatie zorgt voor sterke operationele resultaten…
High-quality retail property on the right location ensures strong operational results…
An out-of-state investor made its Washington debut with a $45 million multifamily acquisition in Greater Seattle. Reno, Nevada-based Oso Capital Advisors purchased the 198-unit Bower Village apartment complex in Kent, the Puget Sound Business Journal reported. An affiliate of Canadian real estate investment trust…
Ridgecut Road acquires five-acre Class A IOS site in Northern New Jersey’s premier logistics corridor
Chinesische Unternehmen sichern sich im ersten Halbjahr 126.000 m² im Ruhrgebiet
JLL Capital Markets arranges sale of 136-unit independent living property in attractive Ventura County market
Welltower, an investment firm focused on senior and assisted living communities, reported continued balance sheet improvement in the second quarter of 2026. The real estate investment trust (REIT) announced a slew of acquisitions, such as the Amica Senior Lifestyles portfolio consisting of 38 communities for $1.91…
The neon lights continue to shine bright on Broadway for 60 Guilders and Sentry Realty. The partnership just snapped up 1441 Broadway, a 550,000-square-foot office tower in Midtown Manhattan, for approximately $240 million, Commercial Observer has learned. The estate of LH Charney was the seller. Newmark’s Adam…
Clayton Callander is the founder of FTL (Field Technologies), a diagnostic platform built to give commercial buildings something like a check-engine light, closing the service gap for the roughly 95% of properties that enterprise vendors like Honeywell and Siemens can’t economically reach. Before founding FTL,…
The North American office market is having its best year since the COVID-19 lockdown upended demand for the sector, with vacancy declines in the second quarter across Canada and the United States for the first time since 2019, Lee & Associates reported. “Tenant growth has returned and institutional investors are…
MARBLE FALLS, TEXAS — Rockspring, a Houston-based development and investment firm, is underway on The Highlands, a 254-acre mixed-use development in Marble Falls, about 50 miles northwest of Austin. Plans for the master-planned community currently call for an array of residential uses, including single-family…
New York City’s office-to-residential conversion wave hit another snag less than a month after columns buckled during an apartment transformation project at the former Pfizer headquarters in Midtown. Construction was halted last week by New York City’s Department of Buildings (DOB) at 222 Broadway in the Financial…
Newmark has arranged the $31 million sale of 26440 SW Parkway Avenue, a 205,100-square-foot industrial and manufacturing facility in Wilsonville, Oregon. Managing Director Mark Hush and Associate Director Jack Ward represented the buyer, DCI International. The sale ranks among the larger industrial transactions…
Greystone provides LIHTC equity & financing for Chapanoke, a $93M, 200-unit affordable housing community by HHAD, Gilbane & F7 in Raleigh.
San Jose’s planning staff cleared an eight-story, 276-unit apartment project near Diridon Station this week, but the approval is already headed to the City Council after a neighborhood group filed an appeal arguing the building looms over adjacent single-family homes without the step-backs typically required…