Rising Oil Prices Cast Uncertainty Over NYC's Booming Building Pipeline
Rising oil prices, spurred by the Iran‑Houthi conflict, have lifted construction‑material costs 2.2% in March, pressuring New York City’s building boom. Developers filed 19.1M SF of projects in Q4 2025, a 201% year‑over‑year surge, while major office towers such as 2 World Trade Center remain on track. However, contractors warn that higher fuel and metal prices could derail mid‑size and affordable‑housing projects, which rely on tight margins and financing. Builders are adding cost contingencies to contracts to shield against further volatility.
13-Acre Suburban Medical Campus Vacant Since 2019 Eyed For Data Center Development
The 12.5‑acre former MetroSouth Medical Center in Blue Island, Illinois, has been vacant since 2019 and is now being eyed for a data‑center project. Ownership of the site has shifted after Lockwood Development Partners, which bought the property for $20 M,...
Brooklyn Is All The Rage. Why Isn't Its Retail Booming?
Brooklyn’s population reached an estimated 2.7 million in 2025, with over 40% of households earning six figures, yet retail spaces remain largely vacant. Residential rents have climbed to just under $4,600 for a one‑bedroom, while prime storefronts on North Sixth Street...
Bourse Lawsuit: Keystone And Dean Adler Trade Legal Blows Over Old City Conversions
Keystone Development + Investment has filed a breach‑of‑contract lawsuit against Dean Adler and his affiliates over stalled conversions of the historic Bourse building and 400 Market St. in Philadelphia. Adler argues the project needs an additional $10 million to stay viable,...
Commercial Property Prices See Strongest Annual Gain Since 2022
The MSCI RCA CPPI U.S. index reported a 2.1% year‑over‑year rise in commercial property prices for March 2026, the strongest gain since 2022, and a 1.1% quarterly increase. Suburban office assets led the surge with a 5.1% jump, while industrial...
EXCLUSIVE: Developer Buys 1,000-Unit London Resi Site
Re:shape has signed contracts to acquire the remaining parcels of the former Ashley House master plan in Tottenham Hale, creating a development that could deliver up to 1,000 homes, with at least half designated as coliving units. The deal comes...
$700M Margaritaville Galveston Nears Vertical Construction: The Houston Deal Sheet
RREAF Holdings announced it has finished the geotechnical test‑pile phase for the $700 million Margaritaville Resort and Beach Cottages project in Galveston. The milestone clears the way for vertical construction, with a model cottage slated for delivery this month and buyer...
Carr Properties, FCP Vets Launch New Investment Firm: The D.C. Deal Sheet
Two seasoned D.C. real‑estate executives, Erik Weinberg and Jackson Prentice, have launched Montclif, a Chevy Chase‑based investment firm aiming to deploy roughly $1 billion in office assets across the East Coast and Sun Belt. The firm will focus on distressed or...
Coworking Operator Takes Business Rates Dispute To Landmark Judicial Review
Flex‑office operator Fisheries London has secured a judicial review of a back‑dated business‑rates charge of £500,000 (about $635,000). HMRC’s Valuation Office re‑rated the Hackney building as a single property, inflating the bill by 150% and threatening insolvency. The case challenges...
UBS Relists 455 Market St. As Bay Area Office Trades Pick Up Steam
UBS Realty Investors is relisting its 23‑story 455 Market St. office tower at about $400 per square foot, valuing the 347,000‑sq‑ft property at $130‑139 million. This price is roughly half of the $750 per square foot ($260 million) it sought in 2022. The...
The AI Boom Has Widened The Split Between Office Winners, Losers
The office market is polarizing as AI‑driven tenants flock to premium towers while overall leasing fell 20% year‑over‑year in Q1 2026. Large AI firms such as Anthropic and OpenAI signed more than 780,000 square feet in San Francisco, and New York saw...
Fannie Mae Forecloses On The Peach Building
Fannie Mae foreclosed on the 68‑unit Peach building in Atlanta, purchasing it for $24.6 million at auction. The lender had held the original $23.2 million loan taken by developer Peach Hospitality, which defaulted years before the loan’s 2029 maturity. After the auction,...
Steady Office Demand Tempers Houston's Negative Absorption
Houston’s office market posted a 10% quarter‑over‑quarter leasing increase, yet NRG’s departure of 479,000 SF drove the first‑quarter net absorption negative. Class‑A properties absorbed 70% of the 2.4 M SF leased, underscoring a continued flight‑to‑quality. New supply of 500,000 SF entered the market, with...
Church Of Scientology Is The New Owner Of Former Hollywood Mama Shelter Hotel
The former Mama Shelter hotel in Hollywood was sold out of receivership to Building Management Services, a nonprofit arm of the Church of Scientology, for $16 million. The 70‑room property fetched roughly $229 K per key, under the 2025 Los Angeles County average...
Mass General Brigham Secures Nearly $866M Financing Package For Ongoing Expansion
Mass General Brigham secured a $865.5 million tax‑exempt bond package, led by J.P. Morgan Securities, to fund its ongoing West End campus expansion. The financing will support the 482‑bed Ragon Building, which will boost oncology and cardiovascular services, and add five stories...