Cities, States Step Up With Funding To Fill Affordable Housing Gaps
The affordable‑housing crisis is prompting cities and states to step in with new financing tools as federal support dwindles. New York City announced a $22 billion, five‑year plan to build and preserve 200,000 units. At least 34 states and Washington, D.C. have expanded budgets for grants, low‑cost loans, tax credits and affordable‑housing trust funds. Meanwhile, the Trump administration’s 2027 budget proposes a 13% cut to HUD, slashing $10.7 billion from federal housing programs.
First Projects Advance Under San Francisco's New Zoning Plan, But Costs Hold Pipeline To A Trickle
San Francisco’s new Family Zoning Plan, launched in January to unlock 36,000 homes by 2031, has seen its first approvals—a nine‑unit building on Crestline Drive and an eight‑unit project on Anza Street—but the pipeline remains thin. Developers cite soaring financing,...
Developers Sell Sandy Springs Retail Center For 75% More Than They Paid
Local developers Connolly and Coro Realty Advisors bought the 121,000‑square‑foot Chastain Market in Sandy Springs for $40.5 million in 2022 and sold it to Kite Realty Group for $71 million, a 75% gain. The transaction priced the asset at roughly $580 per...
Incessant Volatility Has Made The 1031 Exchange Market 'Fundamentally Different'
The 1031 exchange market is being reshaped by persistent macro volatility and stubbornly high interest rates, making the 45‑day replacement window increasingly stressful. Securitized 1031 products, especially Delaware statutory trusts (DSTs), have surged, with total equity surpassing $8 billion in 2025...
United Overseas Bank Takes Over Landmark Midtown Tower
Singapore‑based United Overseas Bank (UOB) has taken ownership of the historic Bush Tower at 130 West 42nd Street in Midtown Manhattan for $58.1 million. The purchase represents roughly half of the $120 million loan UOB extended to Chinese developer Vanke in 2018,...
Construction Defect Lawsuits Driving Up Insurance Costs For Developers
In the first five months of 2026, condo associations of three newly built luxury Miami towers filed Chapter 558 lawsuits alleging concrete cracks, roof failures and sub‑standard materials. The litigation wave, driven by an aggressive trial‑lawyer market, has forced liability insurers...
EXCLUSIVE: Startup Looks To Build £200M UK Portfolio In A New Asset Class: American Car Washes
US subscription‑based car washes, a $15 billion industry, are being introduced to the UK by Rays Wash Club, a startup backed by investors including F1 driver George Russell. The company plans to deploy roughly £200 million (about $250 million) to acquire and build...
K Street Office Sells After Scrapped Conversion Plans: The D.C. Deal Sheet
Bernstein Management Corp. (BMC) sold the 97,000‑sq‑ft office building at 1735 K St. NW for $12.5 million after abandoning a planned office‑to‑residential conversion. BMC had bought the property in late 2022 for $15.5 million, having acquired it from Beacon Capital Partners, which itself paid $16.5 million a...
IRES REIT: New Rent Rules Boosting Dublin Residential Investment
Irish Residential Properties REIT (IRES REIT) reported that Ireland’s new rent‑regulation reforms are already boosting activity, with Q1 occupancy and rent‑collection rates staying above 99%. Net rental income margin held steady at 78% while the REIT completed a €31.75 million (~$34.6 million)...
With Rent Control Looming, Investors Say It's Hard To Bet On Boston
Investors fear Massachusetts' upcoming rent‑control ballot, which would cap rent hikes at 5% or CPI, could reshape Boston's multifamily market. Institutional players like Marcus Partners and PGIM are already pulling back capital, citing the policy risk alongside high construction costs...
Suburban Philly County Sets Plan To Build 2,000 Housing Units Per Year
Montgomery County commissioners set a target of building 2,000 new housing units each year, launching a multi‑phase plan that begins with hiring a market‑analysis consultant. The strategy will introduce new municipal guidance, grant incentives for high‑volume developers, and explore a...
Downtown Atlanta Is Poised For Revival. Businesses Are Still Leaving
Downtown Atlanta is witnessing a multi‑billion‑dollar redevelopment push, highlighted by CIM Group’s $5 billion Centennial Yards and CP Group’s rebranded CNN Center food hall. Despite these investments, the office market remains weak, with a net loss of 2 million sq ft of space since...
Banks Fueled The Rise Of Private Credit. Now They're 'Competing Against Ourselves'
Banks have returned to commercial‑real‑estate (CRE) lending after a 2023 regulatory pullback, but they are doing so by financing private‑credit funds rather than originating loans directly. This back‑leveraging has compressed margins and forced banks to compete with the very funds...
Blackstone, Brookfield Are Betting On Custom AI — And Proptech Could Pay The Price
Wall Street giants Blackstone and Brookfield are backing multibillion‑dollar AI ventures that aim to embed custom large‑language‑model tools directly into commercial‑real‑estate (CRE) workflows. Anthropic’s $1.5 billion Claude Partner Network and OpenAI’s $10 billion Deployment Co. target underwriting, portfolio management and other core...
H-E-B Plans New Mi Tienda Store In Southwest Houston
H‑E‑B filed to build a 99,000‑sq‑ft Mi Tienda grocery store at 3800 E. Little York Road in Southwest Houston, targeting a March 2028 opening. The project, part of the Latino‑focused Mi Tienda brand, is estimated to cost about $24 million and will become the...