Loop Revival Unfolds As Chicago's Center Of Gravity Spreads Out
Chicago’s Loop is undergoing a post‑pandemic rebirth, shifting from a pure office district to a mixed‑use neighborhood. City‑backed office‑to‑residential conversions, driven by the LaSalle Street Corridor tax‑increment financing, will add roughly 1,800 housing units and retire hundreds of thousands of vacant office sq ft. Google is set to occupy about 2,000 staff in the renovated Thompson Center by 2027, underscoring confidence in the area. Planners now view the city as a network of vibrant neighborhood hubs rather than a single centralized core.
DFW Still Leads U.S. In Corporate Relocations, But Momentum Slows
Dallas‑Fort Worth remains the nation’s top destination for corporate headquarters relocations, but its momentum slowed in 2026 as rival metros such as Miami, Charlotte and Phoenix intensify competition and rising home prices curb appeal. The market added over 100 HQs...
Wesley Housing Completes $62M Fort Totten Project: The D.C. Deal Sheet
Wesley Housing completed a $61.5 million expansion of One Hawaii at 1 Hawaii Ave. NE, doubling the building from 34 to 70 affordable‑housing units in Washington, D.C. The development, financed through a blend of federal and D.C. low‑income housing tax credits, solar...
Arada Looks To London's East For Growth Even As Costs Rise
UAE‑based Arada has accelerated its UK push by buying 75% of London developer Regal and committing roughly $640 million (£500 million) to the deal, expanding its pipeline from 10,000 to 15,000 units. The group quickly added the 5,000‑home Thameside West project in...
Mamdani To Launch City-Backed Insurance Program For Affordable Housing
New York City Mayor Zohran Mamdani announced a city‑backed property and liability insurance program aimed at rent‑stabilized and affordable‑housing landlords. The initiative, led by the Economic Development Corp and the Department of Housing Preservation and Development, will target 20,000 homes...
REPORT: Strada Investment Group Targeting Showplace Square Office
San Francisco‑based Strada Investment Group is negotiating to buy the 133,400‑square‑foot Showplace Square office at 1 De Haro St. for an estimated $100‑$110 million, roughly $800 per square foot. The building is fully leased to fleet‑telematics firm Samsara, which occupies the entire 86,000‑square‑foot office...
Luxury Condos Planned At Surfside Collapse Site Fail To Draw Any Buyers
Damac International bought the former Champlain Towers South site in Surfside for $120 million and announced The Delmore, a 15‑story luxury condo with 37 units starting at $15 million. After a soft launch in early 2025, the developer opened a sales gallery...
CoStar Hit With Class-Action Suit Claiming It's A Monopoly That 'Destroyed Competition'
CoStar Group, which commands about 80% of the online commercial‑real‑estate (CRE) listing market, faces a new class‑action lawsuit filed by Brooklyn‑based broker Grand & Co. The complaint alleges CoStar violated the Sherman Act by imposing restrictive contracts, demanding $300‑$1,000 monthly...
Law School Moving To Downtown Wilmington As Part Of $250M Initiative: The Philadelphia Deal Sheet
Widener University Delaware Law School will move from its Talleyville campus to 1020 French Street in downtown Wilmington for the 2027‑28 school year. The relocation is part of the $250 million Bridge Project, a public‑private partnership that will activate 550,000 square feet...
Boston City Council Members Float Eliminating Parking Minimums For All Housing Development
Boston City Councilors Sharon Durkan and Henry Santana introduced a 35‑page amendment to eliminate off‑street parking minimums for all new residential construction. The proposal would rewrite the city’s base zoning code and every neighborhood article, aiming to reduce development costs...
RJW Signs Major Build-To-Suit Industrial Lease: The Chicago Deal Sheet
RJW Logistics Group signed a 1.2 million‑square‑foot build‑to‑suit lease at Karis Park West in Montgomery, Illinois. The 10‑year agreement covers a 73.21‑acre parcel within a 200‑acre master‑planned industrial campus. Construction is slated to begin in April 2026 with completion targeted for 2027. JLL...
The Senate Housing Bill Still Isn't Law, But It Has Already Paralyzed The Build-To-Rent Market
The Senate’s 21st Century Road to Housing Act, passed on March 12, includes a seven‑year forced‑sale rule for large build‑to‑rent (BTR) developers. The provision has triggered an immediate freeze in BTR financing and sales, with major lenders such as Fannie Mae...
Running To The Problem: How Colt Builders' Approach Has Built A Lasting Legacy
Colt Builders, a Dallas‑Fort Worth wood‑framing specialist, attributes its two‑decade longevity to a rigorous preconstruction process that identifies and resolves issues before they reach the jobsite. By maintaining an in‑house team that conducts detailed design reviews, the firm saved a...
SMBC Nearing A Deal To Sublease 200K SF In Charlotte
Sumitomo Mitsui Banking Corp. (SMBC) is finalizing a sublease of 200,000 sq ft at 301 South College, its new Charlotte headquarters, with a deal slated to close in early May 2026. The Japanese bank is committing more than $50 million to the hub...
Phoenix Hotel Developers Building To Make Up For Lost Time
Phoenix’s hotel market is entering a rapid expansion phase, with developers slated to open 3,650 rooms across 22 new properties in 2026—an increase of 117% from the prior year and second only to New York in volume. The surge is driven...
California Investment Manager To Plead Guilty In Federal Fraud Case
Ken Mattson, former CEO of LeFever Mattson, pleaded guilty to a single wire‑fraud count in a federal case that exposed a 15‑year Ponzi scheme. Prosecutors say he siphoned more than $100 million from hundreds of investors by selling fake interests and...
Data Centers Spark Projected $1.4T Spending Surge From Power Utilities
U.S. investor‑owned utilities are planning to spend at least $1.4 trillion on new power plants, transmission lines and grid upgrades through 2030, a 21% jump from last year’s five‑year outlook. The surge is driven largely by the rapid expansion of AI‑powered...
Homeless Services Nonprofit Leases Former FiDi Migrant Shelter: The N.Y. Deal Sheet
Highland Park Community Development Corp., a nonprofit serving people at risk of homelessness, signed a 30‑year lease for the 119,000‑square‑foot, 289‑room former hotel at 52 William St. in the Financial District. The building, purchased by Slate Property Group for $95 million in 2024,...
Lender Selling $140M Downtown D.C. Office Loan With 'Path To Ownership'
JLL is marketing the sale of a $140 million loan secured by the 306,000‑square‑foot office building at 700 Sixth Street NW in downtown Washington, D.C. The loan, originated in May 2019 by Principal Real Estate Investors, carries a 3.7% fixed rate and...
New Jersey Lifts Nuclear Power Ban As Data Centers Scramble For Energy
New Jersey Governor Mikie Sherrill signed legislation that ends a four‑decade ban on building new nuclear power plants, updating the Coastal Area Facility and Review Act. The move aims to alleviate a growing energy shortfall driven by the data‑center boom...
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...
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...