SoCal Industrial Veteran Benjamin Miller Launches IOS Firm
Benjamin Miller, a veteran of Southern California industrial real estate, has launched Negresco Property Group to build a $100 million‑plus portfolio of industrial outdoor storage (IOS) assets. The firm’s first acquisition is a $20.4 million, 3.15‑acre site near LAX that includes a 32,500‑sq‑ft building and 100,000 sq ft of outdoor storage, fully leased to Avis. Miller plans to target 3‑$50 million IOS projects up to 20 acres, leveraging a strategic co‑GP partnership with Open Industrial. His experience spans First Industrial Realty Trust and Hackman Capital, where he helped manage over $2 billion of industrial transactions.
Spring Selling Window Opens Amid Historic Housing Market Fragmentation
The spring home‑buying season officially opened, with Realtor.com identifying April 12‑18 as the nation’s best time to list homes in 12 major metros, including Atlanta, Dallas and Detroit. Despite the seasonal optimism, March existing‑home sales fell 3.6% to 3.98 million, and the...
Miami-Dade Home Sales Rise yet Again
Miami‑Dade’s housing market posted its seventh consecutive month of year‑over‑year sales growth in March, with total closings rising 6.6% to 2,134. Luxury transactions led the surge, as sales of homes priced above $5 million jumped 27% and the region averaged one...
Does Upzoning Work? This New Study Says Yes—Under the Right Conditions
A new Urban Institute report finds that upzoning can increase housing supply, but success hinges on local demand and complementary policies. In New York City, seven neighborhood rezoning projects between 2016 and 2021 generated roughly 4,100 additional units, with Gowanus...
Woodmont Sells Newly Built Pennington Apartments for $116M
A national multifamily owner acquired One Hundred Forge, a newly built 300‑unit luxury apartment complex in Pennington, New Jersey, for $115.75 million. The Class A property reached full occupancy by mid‑2025 after leasing began in 2024. Woodmont Properties, the developer, sold the asset...
Foreclosures Climb in Early 2026
U.S. foreclosure activity rose in the first quarter of 2026, with ATTOM reporting 118,727 filing cases – a 6% increase from the previous quarter and 26% higher than a year earlier. One in every 1,211 housing units received a filing,...
Leases in Boston's Lyrik to Support $360 Million in CMBS
Boston’s Lyrik office tower is set to close a $360 million commercial mortgage‑backed securities (CMBS) deal in early May 2026. The transaction, secured by leasehold interests, issues five note tranches, with the Class A tranche comprising $193.9 million and receiving a AAA rating...
Slower U.S. Construction Pipeline Alters Supply Outlook for Commercial Real Estate
The U.S. construction pipeline is weakening outside the booming data‑center segment, with commercial and multifamily starts falling sharply. Input costs remain 40‑45% above pre‑pandemic levels and financing rates have risen, making new projects financially unattractive. Multifamily starts are projected at...
C-PACE Financing Evolves Into Capital Stack Heavyweight
C-PACE financing has shifted from a niche solar‑loan tool to a mainstream component of commercial real‑estate capital stacks, highlighted by Peter Grabell’s upcoming panel at Connect Los Angeles 2026. The program now operates in 40 states, with Alabama being the...
Morningstar DBRS Confirms Credit Ratings on Primaris Real Estate Investment Trust at BBB (High), With Stable Trends
Morningstar DBRS confirmed Primaris Real Estate Investment Trust’s Issuer Rating and senior unsecured debentures at BBB (high) with Stable trends. The rating reflects Primaris’s ongoing acquisition strategy, adding four Canadian shopping centres in 2025, and a leverage profile of 6.5‑7.0×...
Morningstar DBRS Finalizes Provisional Credit Ratings to ATX Commercial Mortgage Trust 2026-6G
Morningstar DBRS finalized provisional ratings for ATX Commercial Mortgage Trust 2026-6G, assigning AAA to Class A, AA to Class B, A to Class C, and BBB to Classes D and HRR, all with stable trends. The certificates are backed by...
Third Avenue Offices Inch Into the $100 Psf Club
Third Avenue’s office market is breaking into the $100‑per‑square‑foot tier as financial firm Karbone inked a 20,000‑square‑foot lease at 605 Third Avenue for $120 per square foot, the building’s highest ever rent. The corridor’s average asking rent has climbed to...
Boom in Modular Home Construction Could Be Just Around the Corner
Modular home construction, representing 5.2% of North American building activity in 2023, is poised for accelerated growth as builders chase cost efficiencies. The Modular Building Institute projects a 6.3% annual demand increase, reaching $33.2 billion by 2030, driven by speed‑to‑market and...
German Bank Helaba Refis Luxury Austin Apartments With $200M Loan
German lender Helaba has provided a $200 million loan to refinance the Residences at 6G, a 348‑unit luxury multifamily component occupying the top 32 floors of Austin’s 66‑story Sixth and Guadalupe tower. The joint venture, led by Kairoi Residential, Lincoln Property...
Renting Still Wins, but Shrinking Savings Sharpen the Race to Buy
Realtor.com’s March 2026 Rental Report shows renters still pay about $920 less per month than first‑time buyers in all 50 largest metros, but the gap is narrowing as rents fall 1.5% year‑over‑year and home‑purchase costs ease. Median rent for 0‑2...
Union Square Retail Occupancy Surpasses 91% in Q1 2026: Report
Union Square’s retail occupancy climbed to 91.4% in the first quarter of 2026, edging up from 91% at year‑end 2025. The district added 27,000 square feet of new leases, driven largely by food‑and‑beverage concepts and the grand opening of Uniqlo’s...
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...
Clar Preferential Offering Closes with 74.5% Valid Acceptances; Total Applications at 244.2%
CapitaLand Ascendas REIT closed its non‑renounceable preferential offering with 74.5% valid acceptances, representing 96.1 million units out of 129.1 million offered. Total applications reached 244.2% of the offering, driven by excess demand of 219.3 million units. The raise targets roughly S$300 million (~$222 million) to...
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...
Canadian Shopping Centre Performance Trends (2023–2025)
New ICSC data for 2023‑2025 shows Canadian retail sales per square foot becoming increasingly concentrated in a handful of high‑traffic malls. Yorkdale, Toronto Eaton Centre and Pacific Centre posted sales above $1,300 psf, while many mid‑tier assets linger below $700 psf, widening...
Count of Second Homes Declines in 2024
U.S. second homes declined to 6.2 million in 2024, representing 4.3% of the housing stock, down from 6.5 million in 2022. The drop signals a modest cooling after the pandemic‑driven surge. Florida remains the leader with nearly 944,000 units, while eight states...
Singapore-Listed REIT Buys Dutch Logistics Asset for €43m
Frasers Logistics & Commercial Trust (FLCT), a Singapore‑listed REIT, has purchased a logistics asset in the Netherlands for €43 million (approximately $47 million). The acquisition lifts the trust’s total portfolio value to near S$7 billion, roughly $5.2 billion. The deal adds a European warehouse...
Flight to Quality Drives U.S. Downtown Office Market in 2025
CBRE’s analysis of the 100 largest U.S. office leases signed in 2025 reveals a pronounced shift toward downtown, premium‑class space. More than half of the deals—54%—were in central business districts, representing about 59% of the total square footage, while prime...
Weak Confidence Weighs on Canada’s Spring Housing Season
Canada’s spring housing market opened 2026 on a muted note, with the national average home price slipping 2.0% year‑over‑year to C$812,900 (about US$593,000). Quarter‑over‑quarter prices were flat, edging up 0.7%, hinting at a possible price floor despite lingering consumer hesitancy....
Commission Changes Haven’t Killed Deals, but ‘Worrisome Trends’ Loom
A new Consumer Federation of America report, released April 16, finds that real‑estate commissions have barely changed since the National Association of Realtors settlement, with only 7% of housing counselors noting lower fees. First‑time and low‑income buyers still struggle with affordability,...
The Infrastructure Capital Recycling Machine in Action
Prologis' first‑quarter report shows a notable shift of its development capital toward data center construction, reflecting broader investor interest in digital infrastructure. Blackstone has filed to launch a $2 billion data‑center REIT, while the partnership between Prologis and GIC creates a...
Magna Secures £150m Package to Fund Plans for 1,500 Homes
Magna Housing has secured a £150 million ($190 million) financing package from Allied Irish Bank, Barclays and Nationwide to fund the construction of 1,500 new homes over five years. The deal includes a £70 million ($89 million) term loan and £80 million ($102 million) of revolving...
Westfield Stratford Refinancing Set to Boost Europe’s 2026 CMBS Issuance
Westfield Stratford, a premier London shopping centre, is launching a £750 million (about $960 million) securitisation to replace its senior debt with a new CMBS tranche. The refinancing extends loan maturities, reduces interest expenses, and frees cash for upgrades and tenant incentives....
The Magic Formula: Ontario Should Follow Alberta’s Lead on Housing
Ontario’s housing starts dropped 12% to 65,376 units in 2025, while Alberta posted a record 54,858 starts, a 15% increase. The article blames high development charges, a 36% tax burden on new homes and slow approval processes for Ontario’s slowdown....
Trinova to Deploy €200m on Distressed Real Estate Loans
Trinova has secured a €200 million (~$216 million) mandate to restructure non‑performing real‑estate loans across Europe, focusing on the UK, Germany and the Nordics. The fund will target distressed office, residential, hotel, logistics and mixed‑use assets, offering flexible solutions to lenders looking...
Condo Investors Might Have a ‘Buy the Dip’ Opportunity in the GTHA Right Now
The Greater Toronto and Hamilton Area condo market entered its fifth year of decline in Q1 2026, with sales plunging 52% YoY to just 246 units. Unsold, completed inventory surged to a record 4,295 units, creating roughly 92 months of...
NewRiver Closes £240m Refinancing, Returns to Unsecured Structure
NewRiver Commercial Real Estate has completed a £240 million (≈$305 million) refinancing that returns the company to an unsecured debt structure. The new facility, funded by its existing lender syndicate, extends loan maturities by up to five years and trims borrowing costs...
3 Homebuilder Stocks Signaling Opportunity in a High-Rate World
U.S. homebuilders are poised to benefit from a persistent housing supply gap that is projected at over 4 million units by 2025, while mortgage rates hover near 7%. The shortage, compounded by a missing 1.82 million Millennial and Gen Z households, forces buyers...
Buyers Left Waiting as Transactions Take Longer than Ever to Reach Exchange
Homebuyers are waiting longer than ever, with 43% of UK sales taking over 17 weeks to reach exchange in February 2026 – the highest level on record. Despite the delay, branch‑level activity remains resilient, averaging 7.3 sales agreed per office...
Landlord Exodus Slows as Proportion of Rental Sell-Offs Falls by Almost Half
The proportion of former rental homes hitting the market dropped sharply, falling from 22.5% in Q1 2025 to 12.4% in Q1 2026 – a 45% year‑on‑year decline. London saw the steepest fall, with a 51% reduction in rental sell‑offs. Most sold former...
Latest ONS Construction Figures Show Fall in Private Housing Output
The Office for National Statistics reported a 2% drop in UK construction output for the three months to February 2026, driven primarily by a 6.5% fall in private‑housing new work. While overall new work fell 3.4%, repair and maintenance remained flat,...
Mortgage Searches Hit 2.15m in March as Borrowers Respond to Uncertainty
Mortgage searches in the UK jumped to 2.15 million in March, a 19% rise from February and 17% year‑on‑year, the highest level recorded in 2026. Remortgage queries led the surge, up 32% month‑on‑month, as borrowers nearing the end of fixed‑rate deals...
MetSpace Reports Deals Uptick as London’s Managed Office Market Soars
MetSpace, a London‑focused managed‑office specialist, reported a 78% average annual increase in operator agreements over the past four years, while managed‑office supply more than doubled between 2024 and 2025. Occupancy across its 100‑plus locations averaged 93%, well above the 80%...
Kirill Vyalykh: Demand for Real Estate Investment Remains One of the Strongest Worldwide
APAC real‑estate investment intentions have reached a four‑year high, with Tokyo and Singapore drawing capital as safe‑haven markets. Phuket9, under CEO Kirill Vyalykh, achieved roughly sevenfold growth during the pandemic by shifting to a full‑cycle, in‑house model and pioneering remote...
NYC Pension Funds to Deploy $4B for Affordable Developments
New York City Comptroller Mark Levine announced a $4 billion commitment from the city’s five public pension funds to finance affordable‑housing development and rehabilitation over the next four years. The plan earmarks $750 million in the first year and $500 million for the...
‘Increasingly Worse Vibes’ Hampering Spring Housing Market
Mortgage rates edged lower this week, with the 30‑year fixed averaging 6.3%, the lowest level in about a month and down from 6.83% a year ago. Despite the modest decline, home‑buyer demand remains muted; purchase applications are still down year‑over‑year...
NY Developers Dish on Future of Offices at TRD Roundtable
At a recent Real Deal roundtable, Manhattan developers and landlords discussed a bifurcated office market driven by AI‑heavy tenants, a flight‑to‑quality (and now experience) mindset, and record‑setting Class A rents. Bruce Mosler of Cushman & Wakefield highlighted that new development is achieving unprecedented rent...
Shifting Cap Rates Reshaping Opportunities for Commercial Mortgage Brokers
Commercial mortgage brokers are seeing cap rates normalize across major U.S. industrial markets. In Los Angeles and the Inland Empire, rates have climbed from pandemic lows below 4% to roughly 6% as pricing corrected and new supply entered. Midwestern hubs...
Three Floors of Moinian’s W Downtown List for $22M
An Asian investor is offering three floors of the W Downtown Residences for $22 million, comprising 24 furnished studio and one‑bedroom units. The block, spanning 14,000 sq ft on the 27th‑29th floors, is currently master‑leased to Blueground, which operates them as extended‑stay rentals....
Buy-to-Let Repossessions Rise by 10% as Landlords Face ‘Tough Times’ Ahead – What You Can Do Now
Buy-to-let mortgage repossessions in the UK jumped 10% to 770 properties in Q4 2025, the highest level since 2024. New landlords taking out BTL loans in April face roughly $1,650 higher annual repayments, while rents outside Greater London have flat‑lined...
Mortgage Rates Drop to 6.3%
The Freddie Mac 30‑year mortgage rate slipped 7 basis points to 6.30% after a cease‑fire was announced in the Iran conflict, a move mirrored by a decline in the 10‑year Treasury yield. While the dip offers a brief reprieve, its durability...
Access Point Reveals $375M Capitalization for Studio 6 Conversion Initiative
Access Point announced a $375 million financing package to acquire and rebrand a 38‑hotel portfolio as Studio 6 properties. The deal includes $286 million of senior debt from Citi and a mezzanine layer funded by Access Point, secured on an accelerated timeline. The...
Mortgage Rates in 2026 Predicted to Drop: These 3 Signals Tell You It's Time to Buy
Mortgage rates for 30‑year fixed loans sit around 6.44% and could fall to 5.9% by year‑end, according to Fannie Mae. Home price appreciation is projected between 0% and 4%, while inventory is rising as owners trade low‑rate homes. Three tax‑related signals—DTI...
U.S. Property Taxes Near $400 Billion in 2025
U.S. property taxes reached $396.8 billion in 2025, a 3.7% rise despite a modest 1.7% dip in average home values. The national effective tax rate climbed to 0.9%, the highest level since 2020, pushing the average bill to $4,427. Illinois, New...
Everything You Need to Know About Refinancing Commercial Real Estate
Commercial real estate (CRE) refinancing in 2026 faces a steep climb as borrowers confront rates near 7% versus the 4% deals of the mid‑2010s. A massive "maturity wall" of roughly $875 billion in loans due this year forces owners to reassess...