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...

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.

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.

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…

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…

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…

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

London Nightclub Operator Buys 675 Hudson Street for $100M

Developer Wolfe Landau Buys FiDi Redevelopment Site for $35M

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…

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…

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,…

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…

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…

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.

Stockbridge Sells Fully Leased NoVA Industrial Park for $132M

TA Realty acquired Featherstone Industrial Park, a fully leased 734,606-square-foot, 13-building industrial warehouse portfolio in Northern Virginia, for $132 million from a joint venture of Rosenthal Properties and Stockbridge. The purchase price represents approximately 27 percent more than the sellers paid for the property in 2021, and the asset is fully occupied by 45 tenants across various industries.

Department of Defense Inks 24K-SF Deal at Former Long Island HQ of 1-800-Flowers

The U.S. Department of Defense signed a 23,600-square-foot lease for a 10-year term at 1 Old Country Road in Carle Place, New York, the former headquarters of 1-800-Flowers, with landlord DBD Realty Group, and is expected to take occupancy in early 2027 following buildout. The five-story office building recently underwent a $22 million repositioning and already houses the Federal Aviation Administration, which occupies over 74,000 square feet across two floors under a 15-year lease that began in 2023.

Nonprofit Graham Windham to Relocate to 10K SF at the Interchurch Center

Nonprofit Graham Windham signed a five-year lease for 9,833 square feet on the 14th floor of the Interchurch Center at 475 Riverside Drive in Manhattan's Morningside Heights neighborhood at $29 per square foot, relocating its headquarters from West 127th Street in August 2026. The century-old organization, which provides foster care, adoption services, therapy and family programs, will join other mission-driven nonprofits and organizations including Bank Street College of Education, Columbia University, and Children's Health Fund at the 600,000-square-foot building.

Scale Supplies $45M Construction Loan for Harlem Condos

Mass Development secured a $45 million construction loan from SCALE Lending, a subsidiary of Slate Property Group, to build an 11-story condominium complex at 264-272 West 135th Street in Harlem comprising 72 units ranging from studios to three-bedroom units, with completion targeted for summer 2028. The 30-month floating-rate loan includes two six-month extension options, and the project will feature ground-floor retail and community space already leased to a day care operator, plus top-floor amenities including a fitness center, spa, and lounge.

Greystar Accused By Watchdog Of Discriminating Against Section 8 Voucher Users

A Washington, D.C.-based housing watchdog group is accusing the country’s largest apartment owner of unlawfully rejecting potential renters who hold Section 8 vouchers across six states.

Gasoline Plunged in June and lots of Month-to-Month CPI Squiggles Happened to Drop Simultaneously, but that Won’t Last

In June 2026, gasoline prices plunged 9.7% month-to-month while core CPI fell 0.02% and all-items CPI dropped 0.42%, with year-over-year core CPI at 2.59% and all-items CPI at 3.53%, driven by energy declines and temporary softness in services and goods categories. The article argues these favorable month-to-month readings represent temporary outliers unlikely to persist and notes the headline inflation data does not provide political support for a Federal Reserve rate hike at the July 2026 FOMC meeting.

Union Leaders Cite Inspection Process in Pfizer Conversion’s Near-Collapse

Union leaders attributed the near-collapse of the former Pfizer headquarters at 235 East 42nd Street in Midtown Manhattan on July 7, 2026, to deficiencies in New York City's third-party Special Inspection Agency (SIA) approval process, arguing that developers should not hire inspectors paid by themselves to certify construction safety. The article documents union officials' calls for the Department of Buildings to hire more inspectors and eliminate the SIA model, while real estate industry representatives and city officials defended the third-party inspection system as effective and standard practice across the country.

Redwood City Sends Sweeping Rent-Control Measure to November Ballot, Rattling Peninsula Landlords

A citizen-led rent-control initiative backed by Faith in Action Bay Area has qualified for Redwood City’s November ballot, setting up a costly showdown over a 46-page ordinance whose eviction, relocation and fee provisions reach far beyond its headline 5 percent rent cap. Redwood City voters will decide in November…

Ice Cream Shop Scoop N Scootery to Open at 162 Bleecker Street

Scoop N Scootery, an ice cream delivery franchise, signed a 15-year lease for 1,325 square feet of ground-floor retail space at 162 Bleecker Street in Manhattan's Greenwich Village, with an asking rent of $175 per square foot and an expected opening in September. The company, founded over 10 years ago and currently operating locations in Massachusetts, Florida, Texas, New Jersey and North Carolina, will establish its first New York City location on the well-trafficked Bleecker Street retail corridor.

Los Angeles Matcha Brand Archives of Us Signs Retail Lease in East Village

A Los Angeles-based matcha cafe chain called Archives of Us has signed a retail lease for 2,400 square feet at 84 Second Avenue in Manhattan's East Village, with an asking rent of $125 per square foot, replacing a tapas restaurant that closed in November 2025. The space was negotiated by Meridian Capital Group on behalf of the landlord Highpoint Property Group and Lee & Associates NYC on behalf of the tenant, with the lease representing the matcha brand's first New York City location.

San Jose Moves To Quadruple Neighborhood Density as Housing Fight Heads to City Council

San Jose planners are advancing a once-in-four-years rewrite of the city’s growth blueprint that would open single-family neighborhoods to small apartment buildings and rezone a slice of Winchester Boulevard for eight-story towers, setting up an Aug. 18 City Council showdown between housing advocates who say it…