What happened, and who moved.
Brookfield is in talks to take a 10% stake in Hudson Square Properties, a 13-building office complex on the West Side of Manhattan. The deal would value the 6.2M SF campus, which is positioning itself as a nucleus for tech and media tenants in the city,...
Social media giant Meta has expanded its already massive data center development in Richland Parish, Louisiana. The company announced Monday that its Hyperion data center campus will have 5 gigawatts of computing capacity and bring more than $50B...
The affordable housing industry has spent years asking Congress for a federal response to the nation’s housing shortage. With the 21st Century ROAD to Housing Act having officially become law… The post ROAD to Housing Act Clears Path for Affordable Housing Development appeared first on Multifamily & Affordable…
The inaugural Americas Entrepreneurs Program pairs women business owners with mentors, executive coaches, and peers to help strengthen their ventures and expand professional networks.
Michael Tait, a winner of the Developing Leaders Award and an active member of CREDA Maryland, has built his commercial real estate career around relationships – and now he’s using those relationships to help open doors for the next generation of industry leaders.
Brandywine Realty Trust sold downtown Austin’s 405 Colorado tower for $151 million. Chris Price at Partners was quoted in LinkedIn saying the buyer was Hines and that the 25-story tower is 100% leased. At its annual meeting, Brandywine’s CEO said the company was looking to divest between $250 million and $300…
In this year’s second quarter, Brixmor Property Group Inc. acquired two Texas retail centers. The company paid $46.5 million for Jones Crossing in College Station, Texas, home to Texas A&M University. The center is anchored by an H-E-B market and has 15 acres of undeveloped land at its center. Stratus Properties…
Apollo Global Management provided $71 million in construction financing to a joint venture of Broad Street Development and TPG Angelo Gordon for 139 Franklin Street, a Tribeca luxury condominium conversion project expected to deliver up to 18 units with three- to five-bedroom homes and private outdoor space. The developers acquired the former self-storage facility site for $43.5 million in 2025 and are marketing the boutique residential offering to luxury buyers in Manhattan's sought-after Tribeca neighborhood.
Landmark Management, a real estate investment advisor, leased 12,168 square feet on the 52nd floor of One Grand Central Place in Midtown East, relocating from its previous offices at 115 East 69th Street on the Upper East Side. The lease terms and asking rent were not disclosed, though Midtown office asking rent averaged $86.18 per square foot in the second quarter of 2026.
LaSalle Investment Management closed a $163 million Fannie Mae-backed refinancing loan arranged by Newmark for an 833-unit multifamily portfolio consisting of three properties located in Washington, D.C., Northern Virginia, and Oregon. The transaction refinanced LaSalle's existing cross-collateralized Fannie Mae credit facility while enabling future collateral additions and providing long-term financing with conservative leverage and strong credit metrics.
Hines is returning to the office market with a $151M bet on Austin. The global real estate investment management giant acquired a 206K SF office at 405 Colorado St. from Brandywine Realty Trust as it selectively targets trophy office assets with high...
Z-Wave powers more than 100 million devices worldwide, and its new long-range standard is expanding into commercial and multifamily buildings beyond mesh networking’s reach. The post How Z-Wave Is Expanding to Meet the Demands of Modern Buildings appeared first on Propmodo .
Brookfield is buying into the $3.5 billion Hudson Square Properties as AI firms drive Manhattan West Side leasing and rents up 20%. The post Tech Leasing Surge Pushes Hudson Square Portfolio to $3.5 Billion Valuation appeared first on Propmodo .
Luxury developers in Los Angeles and New York are building vertiports for electric air taxis years before FAA certification arrives. The post California Developers Build Vertiports Before Air Taxis Win Approval appeared first on Propmodo .
San Francisco home prices surge 22 percent as AI wealth drives bidding wars, with 44 homes selling $1 million over asking in June alone. The post AI Wealth Fuels Bidding Wars and Million-Dollar Premiums in San Francisco Housing appeared first on Propmodo .
Norway's $2.2 trillion sovereign wealth fund partners with Asana on a $500 million U.S. retail property investment focused on grocery-anchored centers. The post Sovereign Wealth Funds Double Down on Grocery-Anchored Retail Real Estate appeared first on Propmodo .
Federal judge sends FTC case against Zillow and Redfin rental partnership to trial, rejecting preliminary injunction over $100 million exclusive listing agreement. The post FTC Takes Zillow and Redfin Rental Partnership to August Trial appeared first on Propmodo .
NAIOP rebrands as the Commercial Real Estate Development Association after multiyear research process involving 21,000 members across North America. The post Trade Group Drops NAIOP Acronym for Plainspoken Industry Label appeared first on Propmodo .
When structural columns buckled at 235 East 42nd Street, drones and advanced sensors became vital tools for real-time safety and stability monitoring. The post The Technology Keeping Watch on Manhattan’s Buckled Skyscraper appeared first on Propmodo .
San Francisco’s planning chief has moved to reclaim dormant office development rights from developers sitting on long-stalled downtown projects, threatening to strip their Proposition M allocations as City Hall races to refill a depleted pool amid a competitive scramble for the Financial District’s first…
The Presidio Trust has landed Fieldwork Brewing Company for the entire restaurant building at 563 Ruger Street, filling a historic barracks that sat dark for two years after Presidio Social Club closed and giving the 1,500-acre national park site its first taproom. The lease, announced July 7, covers approximately…
Pickleball Kingdom, the largest indoor pickleball operator in the world, will take over a vacant Joann fabric store in Livermore’s Arroyo Seco Shopping Center and rebuild it as an eight-court club, the latest example of a sports operator absorbing big-box space that traditional retailers no longer want. The…
Air taxi maker Archer Aviation has committed to all five buildings at Trammell Crow Company’s 30-acre Cochrane Technology Center in Morgan Hill, a full-campus deal that hands the fast-growing eVTOL manufacturer more than a half-million square feet as it pivots from testing to commercial production. Archer Aviation…
Clinical-stage breast cancer company Olema Oncology has committed to 38,176 square feet at Kilroy Realty’s 365 Oyster Point Boulevard under a seven-year lease, relocating its headquarters out of San Francisco and pushing the building to roughly 60 percent leased months before the pivotal readout that will determine…
After ten consecutive quarters of shrinking occupancy, the North I-680 Corridor office market recorded 196,732 square feet of positive net absorption in the second quarter of 2026, powered by a 46,219-square-foot Travelers Insurance commitment in Concord and a wave of owner-user acquisitions that pushed pricing to…
California shipped $16.735 billion in merchandise abroad in May while the rest of the country surged ahead, dropping the state’s share of national export trade to 8 percent and raising fresh questions about demand for the warehouse and port infrastructure built to serve it. The Golden State’s exporters posted a…
A locally based developer is moving to convert an aging San Mateo office parcel into 80 apartments, betting on a Peninsula rental market that analysts expect to tighten sharply through the rest of the decade. SM Flores, LLC has filed a formal planning application to demolish an existing office building at 2555…
San José Mineta International Airport lost more than 1.1 million passengers in 2025 as carriers consolidated Bay Area operations at San Francisco International, opening a widening gap between actual demand and the growth curve embedded in the city’s newly amended Airport Master Plan. San José Mineta International…
HOUSTON — JLL has brokered the sale of Vintage Marketplace, a 72,184-square-foot shopping center in northwest Houston. Whole Foods Market anchors the center, which was roughly 95 percent leased at the time of sale. Other tenants include Torchy’s Tacos, Orangetheory Fitness, MOD Pizza, Jersey Mike’s and Nothing…
ORLANDO, FLA. — JLL Capital Markets has arranged the $56.1 million sale of Cypress Park, a 256,838-square-foot industrial property located along Satellite Boulevard in Orlando. Luis Castillo, Cody Brais, Taylor Osborne, David Orta Jr. and Mia Gian of JLL represented the seller, Herbert Management Corp., in the…
LOS ANGELES — Los Angeles-based Ascendant Capital Partners has acquired an eight-property hotel portfolio across Virginia Beach and North Carolina’s Outer Banks region. CBRE Hotels, the hospitality division of CBRE Group, represented the seller, Coastal Hospitality, in the transaction. CBRE also served as financial…
LOS ANGELES — All Access Rentals has purchased a 34,664-square-foot industrial property located at 11640 Hart St. in the North Hollywood neighborhood of Los Angeles. The sales price was $7.8 million. Chris Nelson, Jacob Castro and Ben Turner of Matthews brokered the deal. The name of the seller was not released.…
FORT COLLINS, COLO. — Concord Summit Capital has arranged a $115.5 million construction loan for Collins at Union Park, an apartment community in northern Colorado. Daniel Eidson, Keegan Burger and Ben Applebaum of Concord Summit Capital secured the nonrecourse loan, which features an 88 percent loan-to-cost ratio,…
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…
CHICAGO — CBRE has brokered the $6.3 million sale of a 28,150-square-foot redevelopment site in Chicago’s Wrigleyville submarket. A joint venture between SNS Realty Group and North Park Ventures acquired the property at 3233-47 N. Sheffield Ave. and subsequently secured a zoning change to B2-5, clearing the way for…
IRVINE, CALIF. — NAI Capital Commercial has arranged the $10.8 million sale of 17872 Cowan, an educational facility in Irvine. Orange County Music & Dance (OCMD) acquired the property for $438 per square foot. The 24,670-square-foot facility will nearly double the nonprofit performing arts school’s instructional…
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…
MCKINNEY, TEXAS — Lee & Associates has negotiated a 20,092-square-foot industrial lease in the northern Dallas suburb of McKinney. The space is located within Building 2 at McKinney Trade Center. Brett Lewis and Taylor Stell of Lee & Associates represented the tenant, Blount Fine Foods Corp., in the lease…
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…
LAWRENCE, KAN. — Merchants Capital has arranged $10.8 million in permanent financing for Floret Hill, a 121-unit affordable housing development in Lawrence. Merchants Capital secured a Freddie Mac Unfunded Forward TEL loan for the project. The capital stack also includes federal and state low-income housing tax…
FORT WORTH, TEXAS — Hawk Logistics has signed a 26,707-square-foot industrial lease in East Fort Worth. The space is located within Building 1 of the Riverbend East development. Tomas Wilson, Alex Wilson and Mark Graybill of Lee & Associates represented the tenant in the lease negotiations. Steve Trese and Brian…
SAN CARLOS, CALIF. — SummerHill Apartment Communities has broken ground on 11 El Camino Real, a 251-unit multifamily community situated on 2.2 acres in San Carlos, located about 23 miles south of San Francisco. Completion is slated for 2028. SummerHill is a subsidiary of Marcus & Millichap and is based in Palo…
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…
HOUSTON — Dallas-based developer StreetLights Residential has completed The Langley, a 134-unit apartment building located near Rice University in Houston’s Museum District. The Langley is a 20-story building that houses two- and three-bedroom units that range in size from 2,165 to 3,396 square feet. Residences are…
AURORA, ILL. — Quantum Real Estate Advisors Inc. has negotiated the $5.8 million sale of a 23,000-square-foot shopping center located at 405 N. Eola Road in Aurora. The center consists of 13 suites and is home to local, regional and national tenants. Brett Berlin of Quantum brokered the transaction. A local…
DULUTH, GA. — Hanover Co. has acquired nearly eight acres in Duluth, a northeast suburb of Atlanta in Gwinnett County, for the development of Hanover Sugarloaf, a 305-unit multifamily community. The purchase price was $12.4 million. John Speros and JT Speros of Ackerman & Co., along with Kyle Gable of Gable Land…
BETHESDA, MD. — CP Group, along with a fund managed by DRA Advisors, has signed six leases over the past three months at Caprock, a 709,313-square foot office property located in Bethesda. Totaling approximately 35,000 square feet, the new tenants include nonprofit mechanical contractors’ organization MCA of…
Sundance Bay obtained financing totalling $95.7 million for a 626-unit two-property Texas portfolio. Cushman & Wakefield’s Texas Equity, Debt & Structured Finance (EDSF) arranged the financing, which consists of $76.2 million in senior debt provided by Benefit Street Partners and a $19.5 million mezzanine loan…
Dependable Equities, an affiliate of Sky Equity Group, secured $54 million in pre-construction financing from CDK, with Valley National Bank serving as a participating lender to advance a residential development south of the New River, near downtown Fort Lauderdale. The financing, arranged by Daryl Hagler and Allen…
Energy infrastructure company Williams said Monday it has signed an agreement led by funds managed by Blackstone Credit & Insurance, in partnership with Apollo and insurance vehicles and accounts managed by KKR, for $5.34 billion of committed capital to support the development of its five announced behind-the-meter…
The rebranding of NAIOP to the Commercial Real Estate Development Association didn’t occur overnight—the association has worked for years on crafting its new identity. Nor is it the first time the organization has undergone a name change; in fact, President and CEO Marc Selvitelli told Connect CRE, the new name is…
Covenant Capital Group paid $41.5 million for Legacy Hill, a 206-unit multifamily community in Nashville. Multihousing News reports UDR sold the property after 31 years of ownership. Walker & Dunlop facilitated the transaction through a $29.4 million Freddie Mac loan. Legacy Hill occupies approximately 14 acres at…
Cavan Cos. has sold The Bungalows on Camelback, a 334-unit, build-to-rent asset in Phoenix, for $112.5 million. That comes out to about $337,000 a unit. A private individual acquired the property. This deal marked the biggest single-asset BTR sale in the metro’s history. Located on more than 29 acres at 4747 N.…
Trevato Development Group obtained a $76.8 million construction loan to build a mixed-use development in Jacksonville. The four-year, floating-rate loan was provided by Ameris Bank. A JLL Capital Markets team led by Mark West secured the loan. The development, located at 1944 Beach Blvd. in Jacksonville Beach, will…
Centennial Yards Co. plans to build a 12-story building with approximately 280 apartments, 62,000 square feet of retail space and a 509-space parking garage. A CIM Group subsidiary is still ironing out last minute details before construction starts. A groundbreaking is tentatively scheduled for early 2027.…
Newmark has arranged the $132 million sale of the Featherstone Industrial Portfolio, a 13-building, 734,606-square-foot industrial portfolio in Woodbridge, Virginia, approximately 23 miles south of Washington, D.C. Senior Managing Director Ben McCarty, Executive Managing Directors Cris Abramson and Will Bradley,…
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.