New Office Tower To Kick Off Next Phase Of $7B Hall Park Redevelopment In Frisco
Hall Group will break ground next month on a 200,000‑square‑foot Class‑A office tower, The Terraces, as the first phase of the $7 billion Hall Park redevelopment in Frisco. The eight‑level parking structure‑topped tower, slated for completion in 2028, carries an estimated construction cost of $140 million and will deliver 60% move‑in‑ready spec suites with the remainder as customizable shells. Simultaneously, the city‑owned Kaleidoscope Park will expand by 1.4 acres with a $14 million investment, integrating green space into the mixed‑use campus. The project adds to a wave of multi‑billion‑dollar developments reshaping the Dallas‑Fort Worth suburbs.
Brookfield Sells FIGat7th To JH Real Estate Partners
Brookfield has sold the FIGat7th retail center in downtown Los Angeles to Newport Beach‑based JH Real Estate Partners. The transaction, valued in the high $60 million range, fully satisfies the $61.7 million debt tied to the property. At the time of sale, the...
Miami Multifamily Market Nose-Dives As Hopes For Supply Relief Fade
Miami’s multifamily market entered a sharp downturn in Q1 2026, with transaction volume dropping 18% to $972 million and the average price per unit falling 14% to $268 K, the lowest in over five years. Rent growth turned negative, slipping 4‑5% year‑over‑year...
D.R. Horton Faces Pushback On 850-Unit Plan In Small South Jersey Town
D.R. Horton, the nation’s largest homebuilder, unveiled a plan to construct 857 townhouses and apartments on a 411‑acre site in Lumberton, New Jersey. The proposal includes 92 affordable apartments, 80 age‑restricted units and 179 senior townhouses, with the remainder market‑rate. Residents...
Developer Buys Andover Site With 334-Unit Plan: The Boston Deal Sheet
Houston‑based Hanover Co. acquired the 300 Minuteman Road parcel in Andover for $2.5 M, planning a 334‑unit multifamily development with 515 parking spaces. The firm is evaluating a voluntary “40B” affordable‑housing exemption that could fast‑track zoning. The purchase reflects a steep discount...
Lender Grabs Troubled SoHo Building From Madison Capital, Vornado: The N.Y. Deal Sheet
Capstone Equities acquired the 606 Broadway building in SoHo for roughly $50 million, half the $100 million price Madison Capital and Vornado had sought. The purchase follows a default on the $75 million Société Générale mortgage that matured in September 2024. At the end of...
Brookfield Sells Bethesda Tower For 87% Less Than It Paid In 2011
Brookfield sold the ground lease to 3 Bethesda Metro Center for $20 million, an 87% discount from the $150.1 million it paid in 2011. The 388,000‑sq‑ft, 52%‑occupied building will be owned by In‑Rel Properties, which plans extensive renovations and will combine it...
As Investors Ask AI For Broker Picks, A New Visibility Race Emerges
Commercial real‑estate brokers are now vying for algorithmic referrals as generative AI tools like ChatGPT and Claude begin recommending specific agents to investors. ViewEO’s AI‑visibility ranking of nearly 2,700 Los Angeles brokers highlights a national capital‑markets chief who closed $2.6 billion in...
Advanced Process Solutions To Build $40M Plant To Supply North Texas Semiconductor Industry
Advanced Process Solutions (APS) announced a $40 million investment to build a 100,000‑square‑foot manufacturing plant in Van Altiny, Texas. Construction will begin this summer on a 9‑acre site and finish by early 2027, creating 175 jobs for the town of roughly...
Affordable Housing 'Lost In Conversation' Of Miami's Wealth Boom, Officials Say
Miami’s wealth boom is drawing billionaires and tech firms, yet the city faces a severe affordable‑housing shortfall. Between 2014 and 2024 the millionaire population surged 94%, while the county lost more than 10,000 residents in 2024‑25, highlighting a demographic reversal....
33-Story Museum District Mixed-Use Tower Opens: The Houston Deal Sheet
A 33‑story mixed‑use tower named Forme opened in Houston’s Museum District, offering 475 apartments, 55 boutique‑hotel suites and 20,000 sq ft of coworking space. The project, originally stalled as the X Houston coliving tower, was rescued in 2024 by New York investors Raven Capital...
Grocery REIT Considering Sale After Unsolicited Takeover Bid
Slate Grocery REIT, a Toronto‑based owner of 15.2 million square feet of U.S. grocery‑anchored properties valued at $2.4 billion, has formed a special committee to evaluate a sale after receiving an unsolicited proposal from affiliates of its external manager, Slate Asset Management....
FIRST DRAFT LIVE: Is The CRE Recovery Over? MSCI's Chief Real Estate Economist Weighs In
The first half of 2026 saw a tentative rebound in commercial‑real‑estate activity, with capital returning and transaction volumes improving, suggesting a floor had been found. However, rising 30‑year Treasury yields—now at pre‑GFC highs—have increased borrowing costs, while billions in CRE...
Buzzard Point Apartments Snag $173M Refinance: The D.C. Deal Sheet
Toll Brothers and CrossHarbor Capital Partners have secured a $173.25 million first‑mortgage bridge loan to refinance Vermeer, a 1,200‑unit apartment complex at 113 Potomac Ave SW in Washington’s Buzzard Point. The financing comes from Corten Real Estate’s newly launched Credit Fund I, which is...
Morgan Properties Hires Tech Czar To Deploy AI Across 110,000 Apartments
Morgan Properties, the second‑largest U.S. multifamily owner with over 110,000 units, has appointed Devang Patel as head of technology to spearhead an AI transformation. Patel, a veteran of Vanguard and Manulife, will design a strategy to embed artificial‑intelligence across leasing,...
Eurofund Goes Shopping For Bradford Mall: The London Deal Sheet
Eurofund Group has acquired The Broadway shopping centre in Bradford for £74 million (≈ $94 million). The 56‑store complex, which attracts 11 million visitors a year, will receive a £10 million (≈ $12.7 million) investment to upgrade the customer experience and diversify the tenant mix. The centre...
CRE Sales Fall 33%, Reversing Q1 Momentum As Debt Costs Climb
Commercial real‑estate (CRE) sales plunged 33% year‑over‑year to $24.7 billion in April, erasing the 27% growth recorded in the first quarter. The decline coincides with a 10‑year Treasury yield surge to 4.6%, widening debt spreads and dampening financing appetite. Multifamily transactions...
Ares, Scion Launch JV With $910M Deal For Student Housing Portfolio
Ares Real Estate and the Scion Group have formed a joint venture that purchased a 12‑property, 7,578‑bed student‑housing portfolio for $910 million from Harrison Street Asset Management. The assets span ten states and serve major campuses such as the University of...
10-Year Clears 4.5% 'Ceiling,' Forcing Real Estate To Reckon With Rate Reality
U.S. 10‑year Treasury yields climbed to 4.6% in May, breaching the long‑watched 4.5% ceiling that many in commercial real estate consider a tipping point. The surge threatens the refinancing of roughly $930 billion of CRE debt maturing this year and adds...
15-Building Industrial Park Planned In Northwest Houston
Developers have filed plans for a $32 million, 15‑building industrial park in Tomball, Texas, along Boudreaux Road. The Grand Parkway NW Industrial Park will feature sprinkler‑rated shell structures ranging from 12,500 to 55,500 sq ft, with construction slated to start June 15 and run...
Higher Bidders For Centre Square Threaten Adler And PMC's Deal
PMC Property Group and Dean Adler signed a $70 million agreement in February to acquire Centre Square, Philadelphia’s largest office tower. Two rival bidders have since surfaced: CSC Coliving submitted an $80 million offer with a $2.5 million non‑refundable deposit, while Universal Group has...
Canero Group Sells Coconut Grove Condo For 160% Gain: The South Florida Deal Sheet
The Canero Group sold the 25‑unit Coconut Grove condo it bought for $17.3 million to El‑Ad National Properties for $45 million, delivering roughly a 160% gain in just over a year. The 20,000‑square‑foot complex, which includes a pool and 32 parking spaces,...
Developer Lands $175M For Fairfax Multifamily Project
Insight Property Group has secured $174.6 million in financing to redevelop a 14‑acre office park in Fairfax into a 452‑unit multifamily complex with 76 townhouses. The capital stack includes a $107.7 million loan from CIBC Bank USA and Citizens Bank, with the...
Hotel Renovation Locks In $103M: The Los Angeles Deal Sheet
National Core secured a $103 million financing package to redevelop the Ontario Airport Hotel and Conference Center into a 295‑room Hyatt Regency. The capital structure blends $26 million in tax‑exempt C‑PACE bonds with $77 million in tax‑exempt mortgage revenue bonds, underwritten by J.P. Morgan...
Struggling To Find Equity, Developers Pull Back On New Builds
Multifamily developers are pulling back on new construction as equity dries up, pushing ground‑up starts to a 15‑year low of 55,000 units in Q1 2026. While lenders remain willing, investors balk at the high cash‑outlay needed amid rising construction costs,...
Vanderbilt Office, Hillwood And TriPost Capital JV Buys 1.4M SF Office Campus In DFW
A joint venture of Vanderbilt Office Properties, Hillwood Urban and TriPost Capital Partners has acquired the 1.4 million‑square‑foot The Towers at Williams Square campus in Irving, Texas. The iconic Class‑A office complex, home to Caterpillar’s global headquarters and the Big 12 Conference,...
The Downtown Of A Mini-City 40 Years In The Making Breaks Ground
Gould Property Co. broke ground on the first phase of downtown Konterra, a mixed‑use mini‑city in Prince George’s County, Maryland. The initial phase includes more than 200 townhomes built by Caruso Homes, with deliveries slated for fall 2026. At full...
CIM Group Launches Platform To Invest In Rural QOZ Power Projects
Los Angeles‑based CIM Group announced the creation of Permanent Power Co., a national platform to invest in rural qualified opportunity zones (QOZs) focused on solar generation, energy storage and transmission. The new entity currently oversees the Grape solar project under...
Energy Secretary: U.S. To Finance Parts For 10 Nuclear Reactors To Power Data Centers
Energy Secretary Chris Wright announced the Department of Energy will provide federal financing to order components for ten 1.1‑gigawatt nuclear reactors aimed at powering data‑center clusters. The initiative also earmarks $94 million for eight firms developing small modular reactors (SMRs) and...
Jemal Equities Buys Navy Yard Office: The D.C. Deal Sheet
Jemal Equities, the newest arm of the Jemal family, closed on the 235,000‑square‑foot office tower at 99 M St SE in Washington’s Navy Yard. The price was not disclosed, but the building was previously sold to Polinger Co. for $163 million in 2019. The...
Chamblee's Whole Foods Center Bought By TA Realty: The Atlanta Deal Sheet
Boston‑based TA Realty purchased the 106,000‑square‑foot Peachtree Station shopping center in Chamblee for $55.4 million. The property is anchored by a 45,000‑square‑foot Whole Foods that draws about 865,000 visits annually and is leased through 2037, providing a stable income stream. The...
Celestica To Build $876M Electronics Manufacturing Campus For Data Centers In AllianceTexas
Toronto‑based electronics manufacturing services firm Celestica announced a $876 million investment to construct a more than 1 million‑square‑foot advanced manufacturing campus in the AllianceTexas development near Fort Worth. The facility, slated to house two buildings—Alliance Center North 4 and North 6—will generate roughly 1,700...
NYC Unveils Reforms To Slash Housing Development Timelines
New York City Mayor Zohran Mamdani’s SPEED task force released a 36‑page report proposing sweeping reforms to the city’s housing development process. The recommendations aim to cut the timeline for affordable‑housing projects by eight months and reduce zoning‑change approvals by...
Valuation Cut For King Of Prussia Office After CMBS Loan Default
Parkview Tower in King of Prussia was re‑appraised at $16.2 M, a 21% drop from $20.6 M a year earlier. The building’s occupancy fell from 93% at loan issuance in 2014 to just 44% by the end of 2025, pushing its debt‑service‑coverage‑ratio...
Industrial Vacancy Rises In Philly As Tenants Favor Surrounding Region
Philadelphia’s industrial vacancy climbed to 12.9% in Q1 2026, a 90‑basis‑point year‑over‑year rise, while the broader Eastern Pennsylvania market fell to 8.4%. Class‑A warehouses in the city face a near‑30% vacancy rate, contrasted with roughly 5% for Class‑B/C assets. Rents in...
Data Center Moratorium Will Come Before Charlotte City Council
Charlotte City Council will vote on a 150‑day moratorium to pause new data‑center projects, following a public hearing set for May 26. The pause aims to assess electricity costs, noise, pollution, and overall community impact before allowing further development. Existing data...
Rampant Mismanagement Alleged At Appraisal Institute In Bombshell Defamation Suit
The Appraisal Institute (AI) is facing a high‑profile defamation lawsuit filed by former board member Craig Steinley, who alleges the nonprofit trade group engaged in systematic mismanagement, inflated membership numbers, and financial improprieties. Steinley also accuses AI executives Sandra Adomatis...
Heitman Launches Self-Storage Strategy, Acquires 79-Asset Portfolio: The Chicago Deal Sheet
Heitman announced a new core‑plus self‑storage strategy, securing $275 million in commitments and an additional $200 million in co‑investment. The launch includes the acquisition of a seed portfolio of 79 self‑storage facilities spanning roughly 4.9 million square feet across 16 states. The fund...
Landlords Cut Rents, Boost Concessions To Accelerate Hollywood's Retail Momentum
Hollywood’s retail core is rebounding after pandemic‑era declines, with more than 150,000 sq ft of new commitments announced in the past six months. Landlords have lowered asking rents to about $3.15 per square foot in the core and are offering generous tenant‑improvement...
Orion Properties Leases Full Irving Office Building: The DFW Deal Sheet
Orion Properties has leased the entire 172,000 sq ft office building at 6655 MacArthur Blvd. in Irving to nonprofit Mercury One. The lease enables Mercury One to consolidate its operations and the American Journey Experience museum under one roof. Cushman & Wakefield highlighted the building’s design and Las Colinas’...
Details Emerge On Manifold's Mixed-Use Austin Project With Focus On Multifamily
Manifold Real Estate has filed plans for Sixth & Walsh, a roughly 300,000‑square‑foot mixed‑use project in Austin’s Clarkesville neighborhood. The five‑story building will host four floors of multifamily housing—168 units, including 17 affordable units—and a 42,000‑square‑foot ground‑level retail component. Three underground parking...
Dissolving REIT Lowers Payout Estimate Due To Soft D.C. Market
Elme Communities, a dissolving multifamily REIT, trimmed its final payout range to $16.74‑$17.02 per share, citing weaker market conditions in Washington, D.C. The company has secured purchase‑sale agreements for four of its five remaining properties, which together should generate roughly...
Lending Reaches 5-Year High As Alternative Funds Flood In
Commercial real‑estate lending hit a five‑year high in Q1 2026, driven by a surge of capital from alternative lenders. The CBRE Lending Momentum Index reached its strongest level since 2021, with debt funds and mortgage REITs accounting for 53% of...
CBRE Hires Former EQ Office CEO For Property Management Role
CBRE announced the hiring of former EQ Office CEO Lisa Picard and her longtime partner Chris Doman to bolster its property‑management and asset‑management services. Picard, who led EQ Office through its Blackstone acquisition, and Doman co‑founded Oxygen Real Estate, which now manages...
Construction And Development Giants Come Together For 6,000-Home Initiative
Construction giant John Sisk & Son and developer D/RES Properties have launched a joint venture, Arden, to build 1,000 social and affordable homes each year, starting with a 635‑home Foothills project in Dublin. Bank of Ireland is providing an initial...
Joseph Fingerman, Signature Bank's Former CRE Head, Is Growing A New Lending Force
Joseph Fingerman, former head of Signature Bank’s commercial‑real‑estate (CRE) unit, joined Peapack Private in March 2025 to spearhead its aggressive CRE expansion. Within his first year he is on track to originate $750 million in loans, driving the bank’s quarterly CRE...
'It's Not Performing To Where We Want': World Cup Hotel Demand Lagging In Philly
Philadelphia’s hotel market is falling short of expectations ahead of the 2026 World Cup, with nearly 80% of operators reporting lower‑than‑projected bookings. FIFA’s cancellation of roughly 2,000 rooms—about one‑fifth of its original block—created an artificial demand signal that misled hoteliers....
'So Excited And So Terrified': Sternlicht Sees Opportunity Despite Earnings Miss
Starwood Property Trust announced a $4 billion investment push for 2026 while reporting first‑quarter revenue of $512 million and net income of $52 million, down sharply from $97 million a quarter earlier. The REIT’s earnings miss reflects losses in its property and corporate segments...
480-Acre Master-Planned Community Gets Grocer: The D.C. Deal Sheet
Developer Walton Global announced Sprouts Farmers Market will anchor Westphalia Town Center, a 480‑acre master‑planned community in Upper Marlboro, Prince George’s County. The grocery will occupy roughly 23,000 SF within a 140,000 SF retail hub slated to open in the second half...
Invesco's Frascati Centre Set To Return To Market For €80M
Invesco Real Estate is placing the Frascati Centre in Blackrock, Dublin, back on the market with a guide price of €75‑80 million (approximately $81‑86 million). The mixed‑use asset was bought for €68 million in 2015 and has seen an additional €30 million invested in...