Cooper Carry Sued In U.S. To Collect Dubai Court Judgment
Muzoon Holdings, a UAE developer, is suing Atlanta‑based architecture firm Cooper Carry in the U.S. District Court for the Northern District of Georgia to enforce a Dubai judgment exceeding $200,000. The Dubai court found Cooper Carry liable for failing to deliver signage, wayfinding, and lighting design services for the Esplanade mall project, adding 5% attorney fees. Cooper Carry previously attempted to dismiss the Dubai case and filed a counterclaim for over $160,000, which was unsuccessful. The enforcement action highlights cross‑border litigation complexities for design firms operating internationally.
Church Conversion Plan Could Add Over 1,000 Housing Units Across Greater Philly
The Episcopal Diocese of Pennsylvania will transform 26 under‑utilized church properties across Greater Philadelphia into more than 1,000 new apartments. The Michaels Organization has been hired as a fee developer and future property manager, while the diocese retains land ownership...
Former Partner Accuses Spanish Developer Of Icing Her Out Of 6,000-Unit Miami Project
Former Taubco managing director Laura Tauber filed a lawsuit in Miami‑Dade Circuit Court alleging that Spanish developer Pablo Castro excluded her from the $1.3 billion HueHub project after she worked three years unpaid to secure approvals. The HueHub, a 4,032‑unit, $880 million...
Accesso Snags Loan Extension For Class-A Office Campus In Austin
Accesso Partners secured a three‑year loan extension, adding a $40 million reserve to fund renovations, spec‑suite construction, and mixed‑use upgrades at its 7700 Parmer Class‑A office campus in Austin. The property, the fourth‑largest office campus in the metro area, saw occupancy fall...
Sugar Land Rolls Out Incentives To Attract Startups, Upgrade Offices
Sugar Land unveiled an innovation fund and an Office Readiness Program to lure high‑growth startups in life sciences, advanced manufacturing, IT and professional services, while subsidizing office‑building upgrades. The fund builds on the Plug and Play Sugar Land accelerator, which...
Watergate Office Building Trades Hands For $52.5M
Jetset Hospitality LLC acquired the Watergate 600 office building for $52.5 million, or $170 per square foot, marking the final asset sale for liquidating REIT Elme Communities. The 309,000‑square‑foot property is 80% occupied, with 125,000 SF across four floors slated for marketing....
Savills Buys The Building Consultancy As Agents Consolidate
Savills Ireland has acquired The Building Consultancy, adding a team of more than 30 building‑surveying and project‑consultancy specialists across the country. The deal broadens Savills’ portfolio to include technical due diligence, development monitoring, cost consultancy, interior architecture and design, positioning...
What A Fight To Save A Parking Lot Reveals About NYC's Housing Crisis
Affluent residents and preservation groups are fighting to keep a surface parking lot at 375 Lafayette Street in NoHo, using landmark designation to block a proposed 19‑story, 200‑unit mixed‑income tower. The developers, Edward J. Minskoff Equities and Edison Properties, have...
Data Center Developers Battle For Hearts And Minds For Their Projects
Data‑center developers are confronting a wave of community opposition that stalled or delayed $98 billion of projects in Q2 2025. The backlash is forcing firms to embed extensive outreach—town halls, local‑benefit projects, and early stakeholder education—into development timelines. State legislatures, beginning with...
MaryAnne Gilmartin's Firm Eyes 1M SF Tower For Miami Debut
MAG Partners, led by MaryAnne Gilmartin, is scouting a senior development executive to launch a mixed‑use tower in Miami exceeding one million square feet. The project will combine a hotel, luxury condominiums, and retail components. Gilmartin, known for the Barclays...
279K SF Webster Shopping Center Trades: The Houston Deal Sheet
Fidelis Realty Partners purchased the 279,000‑square‑foot Baybrook Village shopping center in Webster from O’Connor Capital Partners and Wafra. The center, anchored by Ross Dress for Less and Chuck E. Cheese, recently added leases for Havertys Furniture, PGA Tour Superstore, Burlington and Cava. CBRE...
Parker Floats 164% Expansion To SEPTA Density Bonus Area
Mayor Cherelle Parker’s administration has proposed expanding Philadelphia’s transit‑oriented development overlay by 164%, extending the radius around SEPTA stations to a quarter‑mile. The change would allow developers to build 50% more multifamily units than current zoning permits, while explicitly barring...
Amazon Partner Inks 1M SF Warehouse Lease In Chicago Suburbs
Crane Worldwide Logistics has signed a 992,000 sq ft lease in McCook, Illinois, to store Amazon Web Services data‑center equipment. The warehouse, developed by Bridge Industrial, sits within thirty minutes of O’Hare Airport, offering strategic logistics advantages. The deal follows a wave...
Whitestone Hires Bank Of America To Handle Possible Acquisition
Whitestone REIT hired Bank of America to manage a potential sale after attracting interest from private‑equity firms Blackstone and TPG. The REIT, which owns 56 shopping‑center properties across the South, has faced ongoing pressure from activists to go private and...
Morris Brown To Anchor Innovation Space At Vine City Development: The Atlanta Deal Sheet
Resurgence Commercial Partners (RCP) is leading an 8‑acre mixed‑use project in Atlanta’s Vine City, anchored by a 30,000‑square‑foot innovation and learning center for Morris Brown College. The development will also feature a 100‑room boutique hotel, 200 mixed‑income rental units, and...
Former TSA Headquarters Slated For Conversion: The D.C. Deal Sheet
Lincoln Equities Group and JM Zell Partners have agreed to acquire the former Transportation Security Administration headquarters in Arlington’s Pentagon City and convert the two office towers into a mixed‑use development featuring 637 apartments, 116,000 square feet of new residential...
With €1B War Chest, Belgian Care Homes Giant Lines Up Expansion Across Ireland
Belgian REIT Aedifica has secured roughly €1 billion for Irish expansion after shareholders approved its merger with Cofinimmo, doubling the combined portfolio to about €12 billion. The merger frees capital by recycling non‑core assets and meeting competition‑law divestments, allowing rapid deployment over...
Developers Warn Denver's Energy Transition Is Outpacing Grid Capacity Needed For Growth
Developers in Denver warn that the city’s aggressive renewable‑energy targets are outpacing the grid’s ability to supply new power. Xcel Energy plans to invest $17.6 billion and add 3,200 MW of renewable and gas capacity, yet expects an additional 1,000‑2,000 MW demand surge...
Why Private Credit Panic Likely Won't Spread To Real Estate Debt
Investors are reassessing risk in the $2 trillion private‑credit market as AI‑related corporate loans face heightened scrutiny, while debt secured by real‑estate assets remains comparatively stable. BridgeInvest and other lenders emphasize the tangible collateral of data‑center and multifamily loans, which cushions...
BXP Sells Parts Of Rockville Office Campus To Toll Brothers
Boston Properties (BXP) sold three of seven buildings on its 31‑acre Rockville office campus to homebuilder Toll Brothers for $24.7 million, a fraction of the $116.5 million it paid in 2021. The original plan for a 1.3 million‑square‑foot life‑sciences‑focused mixed‑use district has been...
EQT Buys East Coast Warehouse Portfolio From Mapletree For $575M
Private equity firm EQT Real Estate has agreed to purchase a 4.4‑million‑square‑foot portfolio of 25 East Coast warehouses from Singapore‑based Mapletree Investments for $575 million. The assets span Connecticut, New Jersey, North Carolina, Georgia and Florida and include a mix of single‑tenant, multi‑tenant,...
TPG Extends Loan On 900K SF Life Sciences Portfolio
TPG has secured a second one‑year extension on the €189 million senior loan tied to its €310 million, 900,000‑square‑foot European life‑sciences portfolio, pushing maturity to February 2027. The portfolio, consisting of eight assets in Leiden and Munich, generates €20 million of annual rent with...
Watertown Square Revitalization Efforts Spark Development Interest
Watertown officials are advancing a comprehensive redesign of Watertown Square that was approved in 2024 under the MBTA Communities Law. The plan introduces by‑right zoning for more than 4,400 housing units, adds over three acres of public open space, and...
64K SF Boulder Lab Leased To Pharma Company: The Denver Deal Sheet
CordenPharma Colorado has signed a 15‑year lease for a 64,000 SF purpose‑built lab in Boulder’s Flatiron Park, expanding its peptide development capabilities adjacent to an existing manufacturing plant. The speculative building, completed in 2024, features adaptable lab grids, advanced utilities and specialized...
Warehouse Service Provider Inks 937K SF Lease In Suburban Philly
Logistics Property Co. announced that an unnamed tenant has taken the entire 937,000‑square‑foot South Penn Logistics Center in Morrisville, Bucks County. The facility, completed in June 2025, features 40‑foot clear heights, 35 kilovolts of power capacity and optional rail‑line connectivity. Its...
DML Capital Acquires Its Third Office Building Since June
DML Capital, a Houston‑based private‑equity firm, announced the purchase of 1800 Bering, a 10‑story Class‑A office tower totaling 171,000 sq ft. The acquisition marks the firm’s third Houston office deal within six months and pushes its assets under management to $600 million, up from...
Center City's Largest Office Space Slated For Resi Conversion: The Philadelphia Deal Sheet
Centre Square, Philadelphia’s largest office tower, changed hands for roughly $94 million, a steep discount from its 2017 $328 million purchase. The building’s occupancy had slipped to 37.6%, prompting the new owners, PMC Property Group and Dean Adler, to propose a mixed‑use...
L3 Capital Drops $50M On Shopping Center: The Chicago Deal Sheet
L3 Capital acquired the 3030 North Broadway shopping center in Chicago for $50.1 million, adding a 132,000‑square‑foot, five‑story retail complex anchored by a Mariano’s grocery store. The property also hosts an LA Fitness, PNC Bank, Starbucks and Fresh Dental, serving the...
Brookfield, Queensland Selling 1M SF Southern California Mall
Brookfield Properties and Queensland Investment Corp. have put the 1 million‑square‑foot Victoria Gardens mall in Rancho Cucamonga up for sale. The open‑air center posted $33.6 million cash flow in 2024 and a net operating income of $32 million in 2023, reflecting a 6 %...
NCDOT May Be Open To Burying Roadway As Part Of I-77 Expansion
The North Carolina Department of Transportation has revived the idea of tunneling sections of the I‑77 expansion after previously deeming it too costly. The $3.2 billion project will add two lanes over an 11‑mile corridor and has entered a three‑month RFP...
Lenders' Rent-Stabilized Disappearing Act, By The Numbers
Flagstar Bank, formerly New York Community Bancorp, slashed its rent‑stabilized loan originations from nearly $3.9 billion annually to just $58 million last year, mirroring a broader market contraction. Overall NYC rent‑stabilized financing fell from $27.6 billion in 2019 to under $11.3 billion in 2024,...
Chronic HPD Staff Shortage Could Hamstring Mamdani's Housing Goals
New York City’s Department of Housing Preservation and Development (HPD) is grappling with a chronic staffing shortage, leaving only two lawyers to approve pre‑construction plans and temporary certificates of occupancy for key affordability programs. Vacancies now affect roughly 14% of...
New State Capital Partners Acquires Vast Coworking Group
New State Capital Partners, a New York‑based private‑equity firm, announced the acquisition of Vast Coworking Group from United Franchise Group. Vast operates more than 200 coworking locations under the Venture X, Office Evolution and Intelligent Office brands, covering roughly 2.7 million square feet and...
Blackstone Makes £100M Investment In London Family Club Operator
Blackstone has committed more than £100 million to London‑based family club operator OurHouse, backing its next phase of growth. The funding will support the launch of three new locations in East Sheen, Clapham and Chiswick, each housed in repurposed commercial buildings....
In A First, BXP Sells Digital Property Rights
Boston Properties (BXP) completed a landmark December sale of its 409,000‑square‑foot Needham, Massachusetts campus, incorporating the first recorded transfer of digital property rights via a blockchain transaction on the Digital Rights Network. The $132 million deal, finalized with Lincoln Property Co....
Sprouts Coming To Vacant Highland Park 99 Cents Only Store
Sprouts Farmers Market has signed a lease for the former 99 Cents Only store at 6235 York Blvd. in Highland Park, Los Angeles, with plans to open a new grocery outlet in 2027. The existing 21,000‑square‑foot building will be demolished and...
Multifamily Lender Says Texas ICE Raids Taking Bite Out Of Occupancy
Arbor Realty Trust, a major multifamily bridge lender, reported that ICE immigration raids have sharply reduced occupancy in its REO apartment assets, now averaging 45% occupancy. The enforcement actions have hit properties in Houston, San Antonio, Dallas, Atlanta and parts...
Chicago Industrial Is Having A Moment — Some Investors Want In
Chicago’s industrial market is demonstrating steady fundamentals, with vacancy holding at 4.6% in 2025 and leasing activity climbing to 40.5 million sq ft, while rents rose 4.6% to $8.97 per sq ft. Mid‑market investors Matterhorn and SparrowHawk each secured $300 million in equity, giving Matterhorn...
Coliving Developers Are Finding Funders — But They May Have To Wait For Profits
Institutional investors are increasingly financing UK coliving projects, especially in London, with typical deal sizes of £50‑150 million. Developers are now required to contribute meaningful equity, pushing any profit upside to the back‑end and tying returns to IRR hurdles. The funding...
Walker & Dunlop Dismisses A Banking Team After Fraud Investigation
Walker & Dunlop dismissed members of its banking staff after an internal investigation revealed approximately $134 million in Freddie Mac multifamily loans were affected by borrower fraud, leading to a $29 million loss expense in Q4. The review also uncovered an additional $34 million...
NewMark Merrill Building Retail Center: The Los Angeles Deal Sheet
NewMark Merrill, World Premier Investments and R.Y. Properties secured entitlements for Desert Sky Plaza II, a 30‑acre, 297,000‑sq‑ft retail center in Victorville anchored by Target and Burlington. The project, slated to break ground in Q2 2026 and open in fall...
'Return To An Office': DFW's RTO Push Is Fueling Coworking Boom
Dallas‑Fort Worth is emerging as a national leader in the return‑to‑office (RTO) movement, with office visitation climbing to 87% in October and core submarkets surpassing pre‑pandemic levels at 106%. The surge has sparked a coworking boom, adding 13 new spaces...
As 'Shockwaves And Shenanigans' Recede, Investors Move Fast To Snap Up UK Retail Bargains
UK retail property is re‑emerging as a high‑yield asset class, with prime shopping centre yields near 8% and secondary assets offering double‑digit returns. Transaction volumes in 2025 were modest at £5.83 bn, but the market saw a flurry of marquee deals,...
Camber Property Group Sells Rent-Stabilized Portfolio For $80M
Camber Property Group sold a rent‑stabilized Brooklyn portfolio for $79.9 million, nearly matching its 2020 purchase price of $81.5 million. The eight pre‑war buildings comprise 387 units and benefit from a Section 610 rent‑subsidy amendment and a 40‑year Article XI tax abatement. The deal...
Hudson Pacific Posts $278M Loss Despite Leasing Bump
Hudson Pacific Properties posted a Q4 net loss of $277.9 million despite a revenue increase to $256 million, driven partly by a termination fee from Riot Games. The REIT signed 518 K SF of leases, lifting office occupancy to 76.3% and moving its leased‑percentage...
Pilot Program Seeks To Turn Working-Class Homebuyers Into Senior Housing Landlords
NewCourtland is allocating $2 million to build at least seven mixed‑age homes on Philadelphia’s Bonsall Street, each featuring accessory dwelling units (ADUs) for seniors. Working‑class buyers will purchase the main units, receive down‑payment assistance, and rent the senior ADUs, creating a...
2Life CEO To Retire, Leaving Behind A Legacy Of Senior Housing Advocacy
Amy Schectman announced her retirement as CEO of 2Life Communities, ending a 16‑year tenure that saw the nonprofit double its senior‑housing portfolio and secure $130 million in tax‑exempt bonds for affordable projects. Under her leadership, senior‑housing transaction volume rose 30% year‑over‑year...
Mixed-Use Development Coming To Historic Silo Site In West Houston
Moody National Development broke ground on Silo Springs, a 346‑unit apartment complex that will incorporate the historic Shadowdale grain silos on a 17‑acre West Houston site. Phase 1 features five‑story multifamily housing, a six‑story parking garage, and a refreshed silo façade...
Jamestown Joins Bid To Lure NHL Team To North Point Mall
Jamestown has been tapped by New York Life to redevelop Alpharetta’s North Point Mall into a mixed‑use entertainment district anchored by a 17,000‑18,000 seat arena that could host an NHL expansion franchise. The developer will conduct feasibility studies, manage the...
S&P Downgrades REIT, Citing $2B Of Upcoming Debt Maturities
S&P Global downgraded Service Properties Trust (SVC) to B‑ from B, citing $2 billion of debt maturing over the next two years. Roughly 40% of the REIT's capital structure faces imminent repayment, raising liquidity and covenant concerns. The company sold 112...