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 is expected to sustain a 58% compound annual growth rate over the next five years. CoreWeave leads the niche, while dozens of smaller firms challenge hyperscalers on speed‑to‑market and pricing.
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....
Terminal Logistics: A New Type Of Platform For The IOS Sector
Industrial outdoor storage (IOS) has surged, with rents climbing 123% since 2020 and vacancy rates holding at just 4.9% across 15 major markets—far better than bulk warehouses. Center Capital Partners, through its Terminal Logistics platform, has been acquiring IOS assets...
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...
Leggat McCall Lands $122M Loan For Bunker Hill Redevelopment: The Boston Deal Sheet
Leggat McCall, the Boston Housing Authority and Joseph J. Corcoran Co. secured a $122 million loan from Cottonwood Group to fund Building F of the Bunker Hill redevelopment. The nine‑story building will contain 208 market‑rate and 58 affordable apartments, part of a...
Moody's: Office Vacancy Hits 21% In Q1, Another Record High
Moody's Analytics reports U.S. office vacancy climbing to a record 21% in Q1 2026, up 10 basis points from the prior quarter and 60 bps year‑over‑year. Negative absorption totaled nearly 3 million square feet, led by Oakland‑East Bay, Austin, Chicago and San Jose. The...
REIT Sells Alexandria Hilton To Prior Owner For Half Of 2018 Price
Ashford Hospitality Trust sold the 252‑room Hilton Alexandria Old Town to Lodging Capital Partners for $58 million, roughly half the $111 million it paid in 2018. The transaction included repayment of a $32.5 million loan and generated a non‑recurring loss, with the REIT...
Michael Stern's Mercedes-Benz Condo Project Hit With Foreclosure Suit
JDS Development Group’s Mercedes‑Benz Places tower in Brickell faces an $80.4 million foreclosure lawsuit filed by a Cottonwood affiliate after the developer’s bridge loan defaulted. The 67‑story, 791‑unit mixed‑use project, branded with Mercedes‑Benz, was financed with an $86 million acquisition loan that...
Senior Housing REIT Eyes IPO After Posting Years Of Losses
National Healthcare Properties (NHP), a self‑managed senior‑housing REIT, disclosed a confidential plan to launch an initial public offering. The company reported a $58 million net loss for 2025 after property losses of $203 million in 2024 and $86 million in 2023. Its portfolio...
'Playing Catch-Up': Rising Backlash Forces Data Center Developers To Rethink Community Strategy
Community opposition to data‑center projects surged in 2025, with cancellations nearly tripling from the prior year. Heatmap reports 25 projects were halted, 21 in the second half, and roughly 40% of the 99 contested sites are now scrapped. The U.S....
UCB's $14M Land Buy Clears Way for $2B Drug Manufacturing Plant: The Atlanta Deal Sheet
UCB’s U.S. arm purchased 117 acres from the Rowen Foundation for $14.3 million, clearing the site for a planned 460,000‑square‑foot drug manufacturing complex in Gwinnett County. The $2 billion plant, slated for completion in five to six years, will employ roughly 330...
NAI Hiffman's Adam Johnson: Office Is Recovering, Adjusting To New Reality
Office sales surged 35% nationwide in 2025, and leasing activity rose over 5% YoY, driving vacancy rates down to 18.4%. In Chicago, large‑scale transactions like the $55 M 190 South LaSalle sale highlight a headline‑grabbing rebound, yet Adam Johnson of NAI Hiffman warns the...
Shvo Gets $34M In $691M Transamerica Pyramid Sale
Michael Shvo’s consortium sold San Francisco’s iconic Transamerica Pyramid to Cyprus‑based Yoda PLC for $691 million, earning Shvo a $34 million commission. The owners, who invested nearly $1 billion—including a $650 million 2020 purchase and extensive renovations—realized a loss on the transaction. Yoda PLC...
Denver Downtown Development Authority To Spend $5.2M Upgrading The Pavilions
The Denver Downtown Development Authority (DDDA) will invest $5.2 million to repair the Denver Pavilions’ parking garage and install a fixed roof, with construction slated to begin within 30 days and run 18 months. The garage overhaul, costing $3.8 million, includes a...
Walton Global Courts Investors For U.S. Fund As Money Starts Shifting Away From Gulf
Walton Global has launched the U.S. Land Income & Growth Fund, a Shariah‑compliant vehicle aimed at offshore investors, especially in Asia and the Middle East. The fund seeks to acquire undeveloped, pre‑entitled land in high‑growth U.S. markets such as Dallas‑Fort Worth,...
Chicago Women In Real Estate Say Career Growth Starts With Betting On Yourself
Chicago’s leading women in real estate gathered at Bisnow’s ceremony, where TJ Edwards shared her 12‑year climb from federal architect to executive director after earning an MBA from Northwestern. Panelists including Puja Doshi and Catherine Sierakowski urged women to trust...
Related, Oracle Finalizing $16B Data Center Financing Deal
Oracle is close to finalizing a $16 billion financing package for Related Digital’s massive data‑center campus in Saline Township, Michigan, which will be leased to the tech giant under its Stargate AI partnership with OpenAI. The deal comprises a $2 billion equity...
Trophy Office Rents Jump 9% In D.C. For The Second Year In A Row
Trophy office rents in Washington, D.C. surged 9.3% year‑over‑year to $105 per square foot, marking a second consecutive double‑digit increase. Vacancy in the premium segment fell to 10.6%, far below the 22.6% rate across all office classes, as law firms...
Heart Of Glass: First Look Inside Dublin's €3.5B Glass Bottle Megascheme
Dublin’s Glass Bottle megaproject, valued at €3.5‑4 billion, is reshaping a 37‑acre brownfield into a mixed‑use district with up to 4,000 rental homes and 1 million sq ft of commercial space. The first residential block, Lime House, delivered 212 apartments in late 2025 and is...
Contractor Expands Footprint In Thornton: The Denver Deal Sheet
Colorado‑based Industrial Constructors/Managers Inc. has doubled its footprint, moving into a 60,000 SF facility in Thornton, including a 40,000 SF steel fabrication shop. The expansion supports overflow from its Pueblo plant and broadens capacity for metal work such as stairs and handrails....
Optimism Grows In Atlanta Industrial, Despite Global Uncertainty
Atlanta’s industrial market rebounded strongly in Q1 2026, with tenants absorbing 5.3 million square feet—the highest quarterly total since 2022. Vacancy slipped to 8.4% from 8.8%, reflecting renewed demand after a year of just 347 K SF absorbed. Developers are cautiously restarting projects,...
No Sound, No Fury: Acoustics Playing Bigger Role In Luxury Condo Projects
Luxury condo prices are climbing, with the median unit now at $1.8 million and ultra‑luxury units reaching $10‑15 million. Buyers expect premium sound isolation, prompting developers to treat acoustics as a core amenity rather than an afterthought. Industry panels at Bisnow’s South...
Market West Struggles Continue As Philly Leads Nation In Office Distress
Philadelphia’s office market is in distress, with 34% of CMBS‑backed loans classified as troubled—the highest among the nation’s 20 largest metros. Morningstar’s latest Boots on the Ground report highlights steep price cuts, exemplified by Centre Square’s $94 million sale, less than a...
Retail Leases Too Complicated For Commercial Rent Control, Landlords Say
New York state lawmakers are drafting a commercial rent‑control bill that would mirror residential rent‑stabilization, creating a Rent Guidelines Board to cap annual increases and standardize ten‑year leases. Retail landlords at Bisnow’s NYC Retail Conference argue that storefront leases are...
Younger Partners Explains Strategy That Led To Full Occupancy At 8 DFW Office Properties
Younger Partners leveraged Dallas‑Fort Worth’s office resurgence to fully lease 463,000 sq ft across eight older Class‑B properties in 2025‑2026. The firm combined owner collaboration, direct marketing, small‑lease flexibility, and aggressive spec‑suite upgrades to attract local financial, legal and insurance tenants. By...
FBI Office Tower In Chelsea Sells For $134M
Dallas‑based Allan Bailey Johnson Group purchased the FBI’s 268,000‑sq‑ft regional office tower at 201 Maple St. in Chelsea for $134 million, with Old National Bank providing $94 million in financing. The building, leased to the agency under a 20‑year GSA agreement, will...
Lightstone Acquires Rhode Island Biomanufacturing Facility For $68M: The Boston Deal Sheet
Lightstone, a New York real‑estate firm, bought the 122,000‑square‑foot 100 Technology Way biomanufacturing campus in Smithfield, Rhode Island for $68 million. The property is fully leased to Organogenesis, providing immediate income. Lightstone acquired the asset from The Davis Co., which purchased it for...
Manulife Selling TCW Tower To LA Water And Power For $93M
Manulife US REIT is selling the 35‑story TCW Tower in downtown Los Angeles to the Los Angeles Department of Water and Power for $92.5 million, roughly $129 per square foot. The 719,000‑sq‑ft office building was only 46% occupied at the end of 2025,...
Boston's Difficult Building Environment Forces Developers To Get Creative
Boston’s commercial‑real‑estate market is stalling as developers grapple with a maze of regulations, soaring construction costs, and looming rent‑control measures. Projects like the 161‑acre Suffolk Downs redevelopment and the $5 billion Dorchester Bay City megaproject have faced prolonged approvals, tax‑break negotiations,...
2 Suburban Retail Developments Approach Groundbreaking: The Houston Deal Sheet
Two major suburban retail projects are moving toward construction in the Houston region. Trademark Property’s Dunham Pointe in Cypress will break ground this summer on a 206,000‑square‑foot village, already securing leases for six tenants covering 35,000 sq ft and negotiating with additional...
Eastham Capital And Bender Cos. Buy $24M Suburban Multifamily Building
Joint venture Eastham Capital and Bender Cos. acquired The Flats at Gladstone, a 168‑unit multifamily complex in Glendale Heights, for $24.1 million. The property is 96% leased, offering two‑bedroom units between 846 and 987 sq ft, and the buyers assumed a $16.2 million Fannie...
Former LuxUrban CEOs Reach $3M Deal With Investors Who Accused Them Of Fraud
Former LuxUrban Hotels founders Brian Ferdinand and Shanoop Kothari have agreed to a $3 million settlement to resolve a class‑action fraud suit alleging they misled investors about hotel lease agreements. The payment will be sourced from the company’s directors‑and‑officers liability insurance...
MetroNational Acquires M-K-T Heights, Expanding Portfolio Outside Of West Houston
Houston‑based MetroNational announced a joint‑venture acquisition of M‑K‑T Heights, a 218,000‑square‑foot mixed‑use redevelopment of former warehouses. The deal brings together MetroNational, Radom Capital and Triten Real Estate Partners to preserve the project’s creative office, retail and green‑space components. The acquisition...