Today's Real Estate Pulse
Berkshire Hathaway to Acquire U.S. Homebuilder in $6.8B Deal
Berkshire Hathaway, now led by CEO Greg Abel, announced a $6.8 billion acquisition of a U.S. homebuilder, marking the conglomerate’s first major entry into residential construction. The purchase is intended to add stable, long‑term cash flow from the housing sector to Berkshire’s portfolio.
Also developing:
Egyptian Developer Hisham Talaat Moustafa Warns New Fees Could Raise Costs 15%
Hisham Talaat Moustafa, chief executive of Egypt's largest listed developer, warned that a new levy by the New Urban Communities Authority could lift project costs by as much as 15 percent. The fee—up to EGP 1,000 per square metre—arrives amid soaring material prices and a tight housing market, raising questions about the sector's profitability and buyer affordability.
Hill District Solar Array Turns Historic Roof Into Power Hub for 33 Homes
Pittsburgh Gateways’ Energy Innovation Center installed a $1.2 million, 530‑panel solar array on the former Connelley Trade School roof. The system will produce 350,000 kWh a year—about 20% of the building’s demand—and supply enough electricity for 33 local homes, delivering $50,000 of...
Gladstone Commercial Corp (GOOD) Q1 2026 Earnings Call Transcript
Gladstone Commercial Corp reported FY2025 results, highlighting a decisive shift toward industrial real estate. The REIT acquired $260 million of industrial properties, boosting industrial rent share to 69% and achieving 99.1% occupancy with full cash rent collection. Financially, non‑GAAP FFO per...
Postal Realty Trust Inc (PSTL) Q1 2026 Earnings Call Transcript
Postal Realty Trust (PSTL) delivered full‑year AFFO of $1.32 per share, a 13.8% increase that hit the top of its guidance, while completing $123.1 million in acquisitions in 2025. Management set 2026 AFFO guidance at $1.39‑$1.41 per share and announced $115‑$125 million...
US Home Price Insights — May 2026
U.S. home prices showed only a 0.4% year‑over‑year increase in March 2026, marking the slowest growth since the post‑pandemic correction began. After seven straight months of declines, the market posted a second consecutive monthly gain, up 0.3% from February. Only...
Liz Truss and Russell Quirk Break Down the Housing Crisis – and Who’s to Blame
Former prime minister Liz Truss hosted property commentator Russell Quirk to dissect the UK housing crisis. They argued that recent policies—including the Renters Reform Bill, EPC standards, and the Help to Buy scheme—are prompting landlords to exit the private‑rented market and...
Is the Great British Love Affair with Property Finally on the Rocks?
British private‑rental landlords are confronting a wave of regulations that make owning and managing properties increasingly costly and bureaucratic. The abolition of Section 21, the removal of mortgage‑interest tax relief (Section 24), tighter rent‑increase caps and expanding safety and licensing requirements are...
Upfront Information – What Do We Do with That?
The proposed mandatory inclusion of EPC ratings on property listings was abandoned, sparking relief among agents but leaving the broader issue of upfront information unresolved. The article argues that the industry lacks clear definitions of what data should be collected,...
Buy-to-Let Retreat Continues as over 250,000 Former Rented Homes Come to Market
Savills estimates 254,000 former buy‑to‑let homes were listed for sale in Britain during the year to March 2026, about 697 per day, a 28% rise from March 2024 and 9% above the previous year. London accounts for 30% of these...
Global Uncertainty Hits UK Housing Demand
Barclays’ Property Insights shows UK homeowners are reacting to geopolitical tension and cost pressures by overpaying mortgages (27%) and accelerating remortgages, with a 9‑point year‑on‑year rise. Around 17% say Middle‑East conflict has altered their housing plans, while 29% fear uncertainty...
North American Buyers Lead Overseas Demand Shift in UK Housing Market
North American buyers surged to become the fastest‑growing overseas group in the UK housing market, accounting for 19% of all foreign applicants in Q1 2026 – a four‑point rise year‑on‑year. Registrations from the United States and Canada grew 13% despite a...
Office Relocations – This Time It’s Personnel
Office relocations are evolving from a cost‑center to a core people‑strategy lever, with HR now expected to shape decisions. In London, a projected plunge in prime office supply by 2028 intensifies competition for quality space, while hybrid work pushes firms...
Most Homebuyers Go over Budget — a Concern for Lenders
A ServiceLink survey of 1,500 consumers and 507 mortgage professionals reveals that 77% of recent homebuyers exceeded their original budget, with 10% overspending by more than $80,000. Half of Gen Z and 44% of millennial buyers reported being at risk of...
Olema Pharmaceuticals Leases New South San Francisco HQ
Olema Pharmaceuticals signed a lease for 38,000 sq ft in South San Francisco, designating the space as its new corporate headquarters. The company will initially occupy 25,000 sq ft on the fourth floor, with a future 13,100 sq ft on the fifth floor, paying $12.3 million and $6.1 million...
Infrastructure Funding Needed
Australian councils are urging the federal government to sustain investment in the infrastructure needed for new housing, following a National Housing Supply and Affordability Council report. The report highlights the Housing Support Program’s role in funding roads, water, gas, sewerage,...
Trinity and Sculptor Buy Oceanfront Resort on Florida’s Gulf Coast for $835M
Trinity Investments and Sculptor Real Estate closed an $835 million acquisition of the JW Marriott Marco Island Beach Resort on Florida’s Gulf Coast, financing the deal with a $690 million CMBS loan. The 27‑acre property includes 809 hotel rooms, two 18‑hole golf courses,...
Kennedy Wilson’s Mac Bernie Sees Deal Market Become Increasingly Competitive
Kennedy Wilson’s debt investment team, led by managing director Mac Bernie, reports a shift from refinancing toward more multifamily acquisitions, with sales now matching take‑outs and bridge financing. The firm originates roughly $3.5 billion of senior non‑recourse construction debt annually and...
Sea Fire Grill Relocating to 12K-SF Restaurant Space at 216 East 49th Street
Sea Fire Grill, the Midtown East seafood restaurant operated by Benjamin Restaurant Group, has signed a lease for a 12,000‑square‑foot space at 216 East 49th Street, just a block from its current location. The new venue will feature six private...
Investment Banker Offers Up His $8 Million Bay Area Estate in Exchange for AI Stock
Investment banker Storm Duncan is proposing to trade his $8.8 million Mill Valley estate, including a 4,372‑sq‑ft home and an adjacent 11‑acre parcel, for pre‑IPO shares of AI startup Anthropic. The company, creator of the Claude assistant, is rumored to be...
Fresh Images, Details Revealed for Atlanta's Tallest Building in 30 Years
Rockefeller Group unveiled detailed renderings and a website for 1072 West Peachtree, a 60‑story mixed‑use tower that will become Atlanta’s tallest building since the early 1990s. The LEED Silver‑certified tower’s office component spans eight contiguous floors (levels 11‑18) with roughly...
Westbridge Realty Files Plans for 99-Unit Residential Building in Washington Heights
Westbridge Realty Group has filed plans for a 99‑unit, 16‑story residential building at 4388 Broadway in Washington Heights, Manhattan. The 67,048‑square‑foot tower will feature ground‑floor retail, 25 parking spaces, a lobby, mail and package rooms, bike storage, and more than...
Cushman & Wakefield Arranges Refi for South Bronx Class A Multifamily
Cushman & Wakefield arranged a $26.35 million two‑year fixed‑rate loan for JCAL Development Group to refinance The Bridgeline, a 91‑unit Class A multifamily building in the South Bronx. Webster Bank supplied the financing, attracted by the property’s transit‑oriented location and strong occupancy. The...
Greenstone Partners Brokers Sale of Skokie Retail Center
Greenstone Partners arranged the sale of Gross Point Crossing, a 19,000‑square‑foot suburban retail center in Skokie, Illinois, for $3.875 million. The Chicago‑based seller was represented by Brewster Hague and AJ Patel, while the buyer is an Ohio‑based private real‑estate investment firm....
Owner/User Acquires Corona Drive-Thru Restaurant
Progressive Real Estate Partners completed a $2.45 million sale of a 2,230‑sq‑ft free‑standing drive‑thru restaurant building at 4330 Green River Rd., Corona. The buyer, a private investor, will open a Troy’s Burgers location in the coming months. The transaction employed seller‑carry...
TWO Capital and Origin Secure Financing for 199‑Unit Build‑to‑Rent Project in Madison, Tenn.
TWO Capital Partners and Origin Investments secured construction financing, arranged by Patterson Real Estate Advisory Group through Invitation Homes, for the 199‑unit Tessa Madison build‑to‑rent community in Madison, Tennessee. The project, located on 55 acres in a Qualified Opportunity Zone,...
ATO Tells 2,000 Staff It Has a Very Flash New Office for Them in Adelaide
The Australian Taxation Office (ATO) has signed a 10‑year lease for 2,000 staff in Adelaide’s Festival Tower Two, a $800 million (≈ $528 million USD) development that will become the city’s first skyscraper at 160 m tall. The 38‑storey office block will sit beside...
REBNY Awards Spotlight Record-Breaking NYC Apartment Sale and Industry Fundraising
The Real Estate Board of New York (REBNY) hosted its 37th Residential Deal of the Year Benefit, honoring a record-price apartment sale by a Broadway producer and raising money for the REBNY Member in Need Fund. Nearly 400 industry professionals...
Williamsburg Mixed-Use Secures $72M Construction Loan
Lorimer Capital closed a $72 million construction loan for 83 Wythe Ave., a 13‑story, 187,000‑square‑foot mixed‑use tower in Williamsburg, Brooklyn. The development, led by Double U Development, already has about 71,000 sq ft pre‑leased to Life Time, Inc., with the remaining space slated for retail, medical offices,...
Bellevue Approves Move to Build, Preserve 5,700 Affordable Housing Units
The Bellevue City Council approved more than $37 million in funding, the largest single affordable‑housing allocation in the city’s history. The money will launch two new developments later this year and support four projects that add 271 affordable units in Bellevue...
West Houston Leads Leasing as Quality Space Dominates
West Houston led the Houston office market in Q1, capturing 35%+ of total Houston leasing activity. Boardwalk Pipeline signed the quarter's largest lease at 143,253 SF. City Centre Six delivered 91% leased, anchored by Dow Chemical. Flight to quality is still the dominant...
Intuit TurboTax Signs 2.5K-SF Retail Lease at One Willoughby Square
Intuit TurboTax has signed a long‑term lease for roughly 2,500 square feet of ground‑floor retail space in JEMB Realty’s One Willoughby Square, a 35‑story office tower in downtown Brooklyn. The lease was brokered by JLL for the tenant and by KSR...
Life Time Inks NYC’s Biggest Retail Deal in April
Life Time announced a 71,000 sq ft lease on 83 Wythe Avenue in Williamsburg, marking the largest retail transaction in New York City for April 2026. The deal tops a list that also includes a 22,000 sq ft French restaurant by Bar des Prés, a 16,000 sq ft Aritzia...
Albion Residential Completes Construction on Luxury Apartments in Pittsburgh
Albion Residential has finished construction and opened Albion Lawrenceville, a six‑story luxury apartment complex in Upper Lawrenceville, Pittsburgh. The development comprises 267 units ranging from 475‑sq‑ft studios to 1,300‑sq‑ft two‑bedrooms, plus 5,700 sq ft of ground‑floor retail and a restored historic firehouse....
Bank Lending Standards Hold, Residential Loan Demand Slips
SLOOS: "For loans to households, banks reported basically unchanged lending standards and unchanged or weaker demand for most categories of residential real estate (RRE) loans on balance." https://www.federalreserve.gov/data/sloos/sloos-202604.htm
Fashion House Coach Inks 13K-SF Deal for New Store at 645 Fifth Avenue
Coach, the leather‑accessories arm of Tapestry, is signing a lease for a 13,200‑square‑foot flagship at 645 Fifth Avenue, slated to open in 2027. The new "Coach House" will replace its three‑story boutique at 685 Fifth Avenue and occupy the base...
46K-SF Self-Store Property in Fort Wayne Trades Hands
Marcus & Millichap brokered the sale of The Storage Place, a 45,950‑square‑foot self‑storage facility in Fort Wayne, Indiana. The property, sitting on four acres with 423 non‑climate‑controlled units and 36 outdoor parking spaces, was purchased by two Indiana‑based LLCs. The...
Dense Housing Node Starts Delivering in Heart of Gwinnett County
Parkland Residential has opened its newest build‑to‑rent community, Sugarloaf Crest, in Lawrenceville, Georgia. The 67‑unit townhome project sits on 5.2 acres near Sugarloaf Parkway and offers 1,600‑1,950 sq ft units with two‑ or three‑bedroom layouts. Residents will enjoy walkable access to two...
NAR Sounds Alarm Over Proposed Federal Housing Program Cuts
The National Association of Realtors (NAR) warned Congress against deep cuts in federal housing programs proposed in President Donald Trump’s FY 2027 discretionary budget. The budget seeks a 13% reduction in HUD funding, eliminating the Community Development Block Grant, HOME Investment...
Chase Home Lending Offers Temporary Mortgage Rate Discount
Chase Home Lending announced a two‑week mortgage rate discount running May 4‑17, cutting rates by up to 25 basis points on new‑home purchases, rate‑and‑term, and cash‑out refinance loans. The offer, available to both new and existing customers, can be combined with...
Highest Rates in More Than a Month
Mortgage rates climbed back above the 6.5% mark, with the average 30‑year fixed rate reaching 6.56% on May 4, 2026 – the highest level in over a month and the third highest since August 2025. The rise follows a jump in Treasury...
US CMBS Delinquency Rate Dips Slightly in April Even as Large Loans Turn Troubled
The Trepp CMBS Delinquency Report shows the headline delinquency rate edged down to 7.54% in April 2026, a one‑basis‑point improvement. However, the modest decline hides a concentration of new trouble among large loans, with five newly delinquent assets accounting for...
Opendoor's $32K Cut Signals Nashville Home Value Drop
Some crazy stuff is going on in Nashville's housing market. Opendoor, America's largest homebuyer, just purchased this house for $462K in March. But then immediately relisted and cut the price to $430k. a $32,000 loss on price in a matter of weeks. On...
Rates Near Yearly Highs, Slowing Activity but Manageable
Rates are near yearly highs, still lower than last year, but these levels have already slowed things down this year. Nothing too bad, but there is definitely some impact.
Housing Distress Peaked at 11.5% in 2009, Now Low
ResiClub's housing distress calculation includes mortgages that are 30 to 89 days past due, 90 to 180 days past due, in foreclosure, or in forbearance: Q4 2007 --> 6.3% Q4 2009 --> 11.5% Q4 2021 --> 1.7% Q4 2025 --> 2.9% Chart via @ResidentialClub
President Opposes Bill Forcing Mega‑Landlords To Sell Rental Homes
Politico: “The president doesn’t support language in the bill that would require mega-landlords to sell single-family homes built as long-term rentals after seven years, the people said.” https://t.co/FBGYezAdJV
Pending Home Sales Surge Amid Spring Market Concerns
Just when the spring housing market looked like another bust, our pending sales counts have surged for two weeks running. Here's this week's video, with slides below 🧵 https://t.co/S12nqTLgL5
Real Estate Tycoons Turn to Affordable Housing, Tax Credits Double‑Edged
How #realestate tycoon are becoming do-good-niks. How oddball financing of #affordablehousing lures private investors. #LowIncomeTaxCredits may be a 2-edged sword. #InvestChattanooga #realestate #CRE #multifamily #tax https://t.co/gJmYuXdavA
Alternative Funds Boost Affordable Housing, Not Rewrite LIHTC
Good read on alternative funds for affordable housing, though grossly mischaracterizes LIHTC affordable housing with petty digs. Still, always a win to see new creative solutions. They're not "rewriting" anything as headline suggests, but simply adding much needed supply. https://t.co/tDa49cBiAr
Mortgage Rates Climb to 6.56%, Still Below Last Year's Peak
Mortgage rates jump 12bps today to 6.56% The local high was 6.64% on March 27 6.90% a year ago https://t.co/ai6sRzy4fP
Iconic Fallingwater‑style Walter Hall Home Listed for $2.75M
Imagine #Fallingwater w/o the falling water (well a little). That's what #WalterHall's #PA home looks like+it's no accident. Now it's for sale for $2.75M. #realestate #mortgage #architecture #FrankLloydWright #NationalRegister https://t.co/mVHz1beG3Q via @WSJ