TruAmerica Obtains Buckhead Apartment Tower At Steep Discount: The Atlanta Deal Sheet
TruAmerica Multifamily acquired The Tower on Piedmont, a 20‑story, 155‑unit apartment tower in Buckhead, for $44.8 M—about a 35% discount to the $69 M price paid in 2021 and far below the $85.8 M 2012 purchase price. The price is only slightly above the $49.3 M loan that the prior owner, PCCP, secured in 2021. The deal follows Lionstone’s 2024 asset transition and underscores a broader trend of distressed multifamily assets in Atlanta. CEO Bob Hart hinted that the market will face more bumps before normalizing in 2026.
Toll Brothers Planning Luxury Residential Development In Cary
Luxury homebuilder Toll Brothers has signed a contract to purchase the 27‑acre Chatham Estates mobile‑home park in Cary, North Carolina. The company filed site plans for a mixed‑use project featuring 97 high‑end townhomes and 330 multifamily apartments, with Kennedy Wilson handling...
The Village at Allen Shopping Center Gets New Owner: The DFW Deal Sheet
Sterling Organization has acquired the 109‑acre Village at Allen shopping center in Allen, Texas, from a DLC Management affiliate. The 851,000 SF retail complex, anchored by Super Target and featuring Dick’s Sporting Goods and multiple TJX stores, was 89% leased at...
Houston Mixed-Use, Urban Core Development Pace Is 'Off The Charts'
Houston’s urban core is experiencing a surge in mixed‑use development, with firms like Perkins & Will reporting record proposal volumes across all sectors. Developers are embracing “blended‑use” projects to blur traditional boundaries and offset rising infrastructure costs. Capital is abundant, and the...
Covington Group Gets OK For 9.4M SF Industrial Project In Palmdale
Covington Group secured final entitlement for the 9.4 million‑square‑foot Antelope Valley Commerce Center in Palmdale, Los Angeles County. The plan includes 8 million SF of new development in AVCC East, adds to the previously approved 1.4 million SF in AVCC West, and permits a single 2 million‑SF warehouse. Total...
Space Industry Campus Location North Of Austin Being Finalized
Developers are finalizing a Cedar Park research campus for the space industry, led by the Central Texas Spaceport Development Corp. The $78‑$108 million project will span 115,000 sq ft across four phases, including a secure information facility, an environmental test lab, a spacecraft building...
The New Mixed-Use Must: Data Centres
UK real‑estate giants are embedding large‑scale data centres into mixed‑use developments to capture AI‑driven demand. Projects such as Reef‑UBS’s Elevate campus in Stevenage will deliver up to 110 MW of power, while Aermont’s £1 bn (£1.25 bn) Pinewood Studios plan adds a 150 MW...
FIRST DRAFT LIVE: 'More To Fix In '26': TruAmerica CEO On U.S. Multifamily's Reality Check
TruAmerica Multifamily CEO Bob Hart warned that the sector’s reset, which began in 2022, is far from over. Vacancy rates climbed through the second half of 2025 as a wave of new units hit the market, flattening rent growth nationwide....
Consumer Sentiment Sours Over Inflation Concerns
Consumer sentiment slipped sharply in April, with the University of Michigan index falling to 47.6 from 53.3 in March. Households now expect prices to rise 4.8% over the next year, while the CPI showed a 0.9% monthly gain, pushing annual...
'Pitchforks And Fire': Water Fears Top Growing List Of Risks For Data Centers In Desert Southwest
Arizona’s data‑center boom, now the nation’s sixth‑largest market, is confronting a water‑scarcity backlash that threatens its rapid expansion. The $5 billion Project Blue in Tucson, slated for Amazon, was halted after residents objected to its projected water draw, prompting the tenant’s withdrawal....
NewQuest Starts New Phase Of Waller County's Biggest Retail Project: The Houston Deal Sheet
NewQuest broke ground on the multitenant phase of the $400 million Texas Heritage Marketplace, Waller County’s largest retail project. The 5‑acre Heritage Grove will host 35,000 sq ft of dining and wellness concepts plus 101,000 sq ft for four junior anchors slated for Q1 2027. The...
Colliers: Iran War To Increase Real Estate Capital Costs, Drive Warehouse Demand
The Iran‑U.S. cease‑fire has kept oil near $90 a barrel, sustaining inflation and pushing the 10‑year Treasury yield to about 4.3%. Colliers warns that higher inflation expectations will raise real‑estate capital costs, tightening financing for commercial properties, especially industrial and...
Benning Road Affordable Project Gets Underway: The D.C. Deal Sheet
The NRP Group and Marshall Heights Community Development Organization broke ground on The Waymark, a 109‑unit affordable housing project just a block from the Benning Road Metro station in Ward 7. The development, financed through a mix of soft debt, DC...
Camden To Pay $53M To Settle Its Piece Of Sprawling RealPage Antitrust Case
Camden Property Trust agreed to pay $53 million to settle its portion of a nationwide antitrust class action that accuses landlords of using RealPage’s AI‑driven revenue‑management software to coordinate rent levels. The settlement will be paid in two $26.5 million installments and...
Interra Buys 4.5M SF Greenway Plaza Office Campus In Receivership Sale
Interra Capital Group has purchased the 4.5 million‑square‑foot Greenway Plaza office campus in Houston, assuming the $465 million loan that placed the property in receivership. The deal, announced on April 10, 2026, brings the distressed asset under new ownership and appoints CBRE to...
D.C. Coworking Market 'Turning The Corner' After Slow Covid Recovery
After lagging behind other metros during the pandemic, Washington, D.C.’s coworking sector is now showing robust recovery. Yardi Kube data shows total coworking inventory rose 14% year‑over‑year to 7.4 M SF, with 900 K SF added in the past year alone. Operators such as Industrious...
Self-Storage Aims For Comeback After Slumping U.S. Housing Market Torpedoes Occupancy, Rent Growth
The U.S. self‑storage market is stabilizing after a pandemic‑driven boom, with occupancy slipping to about 92% and rent growth flattening at 0.1% in 2025. Transaction activity surged nearly 40% year‑over‑year, reaching roughly $5 billion, while institutional players returned, highlighted by Public...
Iroko Zen Buys Dublin Office As Ireland Retains French Appeal
French investment firm Iroko Zen purchased Dublin’s Macken House for €23 million (≈$25 million), its 22nd Irish office asset. The 51,000‑sq‑ft, fully let building generates €2 million annual rent (~$2.2 million) and holds LEED O+M Gold and B1 energy ratings. The deal highlights continued...
Rates Reforms Choke Off Growth In The Flex Office Renaissance
The UK Valuation Office Agency is now treating flexible workspaces as single "hereditaments" rather than multiple smaller units, forcing operators to pay business rates on the whole building. The rate multiplier has risen from 48p to 50.8p and a higher‑value...
San Francisco, San Jose Most Expensive Markets For Office Improvements
Office tenant‑improvement (TI) costs in the Bay Area have surged to $228 per square foot in San Francisco and $224 in San Jose, far above the national average of $149. The rise is driven by higher labor wages, union activity, energy regulations...
Tesla Signs New Fremont R&D Lease Ahead Of Optimus Robot Pivot
Tesla has added a 267,000‑square‑foot research and development lease at 49000 Milmont Drive, expanding its total Fremont footprint to 375,000 square feet this year. The move supports Elon Musk’s announced pivot from vehicle production to the Optimus humanoid robot, with...
Construction Giants' Bet On Tech Startups Paying Off On Their Jobsites
Construction firms are increasingly using corporate venture capital (CVC) to fund built‑tech startups, turning early bets into operational assets. DPR Construction’s WND Ventures backed Dusty Robotics, whose interior‑layout robots are now deployed across multiple contractors. CVC activity surged from $7.9 B...
Mamdani Admin To Seek Developers For 140 Units On East Harlem Land
New York City Economic Development Corp. announced it will offer a city‑owned parking lot at 2453 Second Avenue in East Harlem to private developers for a 140‑unit mixed‑use project. The land will be provided without a direct subsidy, but developers...
Data Center Opponents Urge County To Let 2,100-Acre Project Die After Court Ruling
A Virginia appeals court has nullified the rezoning approval for Prince William County's 2,139‑acre Digital Gateway, the nation’s largest planned data‑center corridor. The ruling follows lawsuits alleging the county violated public‑notice laws during a rushed December 2023 hearing. Opponents, including...
Kevin Durant-Led Group Buying 515-Acre Former Six Flags In Maryland
Kevin Durant's investment firm 35V, together with Atlanta‑based TPA Group, will purchase the 515‑acre former Six Flags park in Prince George’s County, Maryland. The acquisition follows Six Flags’ broader divestiture of parks and is positioned as a large mixed‑use redevelopment,...
Beverly Hills, Century City Lead LA Office Leasing
In Q1 2026 Los Angeles office rents rose as trophy assets in Century City and Beverly Hills lifted the market average to $4.06 per square foot, a 2.9% year‑over‑year increase. Asking rents hit $7.45 SF in Century City and $6.33 SF in Beverly Hills, far...
Cherry Creek Apartments Acquired For $137M: The Denver Deal Sheet
Houston‑based Dinerstein Cos. acquired the 218‑unit Steele Creek apartment building in Denver’s Cherry Creek neighborhood for $137.3 million, roughly $4 million less than its 2017 purchase price of $141.5 million. Developed by BMC Investments in 2015, the property includes ground‑floor retail space. The...
OKO Sues Insurers For $22M After Alleged Construction Flaws At Missoni Baia Tower
OKO Group has filed a federal lawsuit demanding more than $22 million from four insurers after they paid only $34 million of the roughly $56 million in construction‑related losses tied to the Missoni Baia tower. The Miami‑based developer alleges the insurers breached policy terms...
Charlotte Is Buzzing With Big Bank, Fintech Expansions
Japanese banking giant Sumitomo Mitsui Banking Corp. (SMBC) has chosen Charlotte as its second U.S. headquarters, committing roughly $50 million in investment and creating about 2,000 jobs over six years, backed by $70 million in state grants. The move adds to a...
AI Companies Growing Their NYC Offices At Breakneck Speed
AI‑backed firms are rapidly snapping up Manhattan office space, securing half of their 2025 leasing volume in Q1 2026. JLL reports they have taken 415,000 SF of the 8.5 M SF leased citywide so far, pushing vacancy to 13.5 % and average rents above...
Emerging Class Of AI Cloud Providers Projected To Reach $400B In Revenue
AI‑specific cloud providers, dubbed neoclouds, are the fastest‑growing segment in data‑center services. Synergy Research Group projects the neocloud market will generate $400 billion in revenue by 2031, up from $9 billion in Q4 2025. The sector posted 223% year‑over‑year revenue growth and...
Habitat Moves Forward With Plan To Build Townhomes On Former Solo Cup Site: The Chicago Deal Sheet
Habitat Co. and M/I Homes have formed a joint venture to develop The Bowery of Highland Park, a 227‑unit townhome community on the former Solo Cup plant in Highland Park. The developers will close on the 1700 Old Deerfield Road site this...
Insurance Firm Inks 42K SF Lease To Relocate Suburban Philly Office
HSB, an equipment‑insurance subsidiary of Munich Re, signed a lease for 41,700 square feet at Rubenstein Partners' Chesterbrook Campus in Berwyn, Pennsylvania. The move, slated for late summer, relocates the firm from a nearby Radnor site just three miles away....
Property Prices Rose in March, But Iran War Is Stymying Improvement
Commercial property prices rose 0.4% in March, a modest improvement over February’s 0.2% gain, bringing the 12‑month increase to 2.6% but still 15% below the 2022 peak. The rise is constrained by a 10‑year Treasury yield of 4.3%, which climbed...
Developer Pivots Little Havana Apartment Project Midstream To $300K Condos
Miami developer The Astor Cos. halted its original market‑rate rental plan for the 179‑unit Havana Enclave and relaunched it mid‑construction as affordable condominiums priced between $300,000 and $700,000. The pivot comes as Miami’s multifamily market faces oversupply, with occupancy slipping...
Iranian Government-Linked Fifth Avenue Office Transfers In $435M Deal: This Week's N.Y. Deal Sheet
The 336,000‑square‑foot office tower at 650 Fifth Avenue was transferred to the nonprofit Amir Kabir Foundation for $435 million, completing a settlement that funds victims of Iranian‑sponsored terrorism. The building, previously 60% owned by the Alavi Foundation and 40% by Assa...
Carmel Partners Raises Nearly $1.4B For U.S. Multifamily Fund
California‑based Carmel Partners closed its ninth investment vehicle, raising nearly $1.4 billion for the Carmel Partners Investment Fund 9. The capital, combined with $477 million of committed equity, has already funded nine operating multifamily assets, bringing the firm’s cumulative fund series to over...
Office, Multifamily Distress Push CMBS Special Servicing Rate Higher
The Trepp CMBS special‑servicing rate jumped 27 basis points in March, reaching 11%, the highest level in over a year. Office‑backed loans drove the surge, accounting for more than half of the roughly $2.9 billion in debt that moved to special...
Investment Giant Puts £2B Into Building Housing
Dutch pension fund ABP, via APG Asset Management, has committed €350 million together with CBRE Investment Management to build 1,000 senior‑housing rental units in the Netherlands, half of which will be affordable. The deal brings ABP’s total housing investment to €2.2 billion...
Newmark: AI Adoption Makes Quick, Broad-Based Office Recovery Unlikely
Newmark’s latest research predicts office‑using employment will remain flat through 2030 while vacancy nudges higher, making a broad‑based office recovery unlikely. In its base case, vacancy rises 10 basis points to about 21% despite modest job growth, and faster AI...
Construction In D.C. Plummets To 15-Year Low Point
In 2025 Washington, D.C. saw only 3.6 million square feet of new construction, the lowest level since at least 2010 and a 27% drop from 2024. Groundbreakings fell 68% from the 2022 pandemic peak, with office, hospitality, and quality‑of‑life projects contracting...
3M SF JPMorgan Tower Off The Runway As Height Agreement Reached With Airport
JPMorgan Chase has secured permission from London City Airport to construct a 3‑million‑square‑foot headquarters tower at Canary Wharf, capped at 870 feet. Designed by Foster + Partners, the development will house up to 12,000 staff and serve as the bank’s European, Middle‑East and...
Montecito Pays A Premium For Fully Leased Gilbert Medical Office Building
Montecito Medical Real Estate acquired the 50,000‑square‑foot OrthoArizona medical office building in Gilbert for $32.3 million, making it the fifth‑largest Arizona commercial‑real‑estate deal of March. The property is 100 % leased to the orthopedic group OrthoArizona and was previously sold in 2021...
Anthropic Cements 240K SF Lease On Howard Street
Anthropic signed a direct 240,000 sq ft lease at 500 Howard St., expanding its downtown San Francisco presence. The deal follows earlier leases of 300, 342, 400 and 505 Howard St., bringing the company’s footprint to roughly 850,000 sq ft across three blocks. A recent $30 billion Series G...
CIM Group Sells Miami Worldcenter Retail In $210M Deal: The South Florida Deal Sheet
CIM Group has sold its majority stake in the retail and entertainment portion of Miami Worldcenter for $210 million. The transaction transfers roughly 300,000 sq ft of leased retail space—97% occupied by brands like Apple, Lululemon and Sephora—to Falcone Group and new partners...
Last Developable Site In South Jersey Industrial Park Sells For $23.5M
Brighton‑Best International purchased the final developable 37‑acre parcel in Logan North Industrial Park for $23.5 million. The California‑based hardware supplier will construct a 190,000‑square‑foot build‑to‑suit warehouse, slated for delivery in the first quarter of 2027. The site completes the 2.5 million‑square‑foot complex,...
Standard Real Estate Investments Acquires Suburban Apartment Community For $61M
Standard Real Estate Investments, in partnership with Belay Investment Group, acquired the 256‑unit Martin’s Point apartment community in Lombard, Illinois for $61 million. The purchase was financed with a $43 million loan from Prudential, marking the third suburban Chicago multifamily asset for...
Trammell Crow JV To Bring Luxury Apartment Project To Richardson: The DFW Deal Sheet
A joint venture between High Street Residential and Tokyu Land Corp., backed by a Trammell Crow Co. subsidiary, broke ground on a 281‑unit luxury apartment community at 110 E. Polk St. in Richardson. The four‑story development, slated for completion in the fourth quarter...
Industrial Rents Near JFK Eclipse $30 Per SF For First Time As New Terminals Come Online
Industrial space near JFK saw unprecedented demand in 2025, with 770,000 SF leased—a 63.4% year‑over‑year rise. Triple‑net asking rents broke the $30 per square foot barrier, the first time in the submarket’s history, while vacancy slipped to 6.4%, well under the...
After Rezoning Win, Kane Realty Files Plans For North Hills Tower
Kane Realty Corp. has submitted plans for a 15‑story, mixed‑use tower in Raleigh’s North Hills district, following a recent rezoning that lifted the height cap to 37 stories. The development will feature 343,000 square feet of multifamily apartments across 246...
