Know What's Happening in Real Estate
Know What's Happening in Real Estate
$1.5B Revamp Planned for Kansas City’s Historic Country Club Plaza
A new ownership group unveiled a $1.5 billion redevelopment plan for the Country Club Plaza, the nation’s first outdoor shopping center. The proposal calls for 750 new apartments, about 645,000 sq ft of office space, 278 hotel rooms, a park and expanded walkways.
North American Savings Bank’s 2026 mortgage review highlights a lender that blends digital pre‑approval with live phone support, but its pricing lags behind many peers. The bank’s portfolio is dominated by non‑qualified‑mortgage (Non‑QM) products, pushing average conventional rates to 7.49% and origination fees above market. While it offers conventional, FHA, VA and specialized bank‑statement or 1099 loans, it does not list rates online and excludes USDA options. The review concludes NASB suits borrowers with strong credit or non‑traditional income despite higher costs.
I deleted a couple posts criticizing a letter from 100+ YIMBY groups that was mostly quite good, but erred (IMHO) in supporting what is effectively a partial ban on build-to-rent construction. My word choices in those posts were too callous, and...
Flagship Communities Real Estate Investment Trust reported strong fourth‑quarter and full‑year 2025 results, with rental revenue climbing 17% to $103.4 million and net income rising 12% to $115.7 million. NOI increased 17% year‑over‑year to $68.4 million, while FFO per unit grew 12% and...
Brad Newman‑Bennett of Cushman & Wakefield warns that Canadian real‑estate insolvencies have moved beyond secondary lenders to senior banks, as land values have slumped roughly 50 % since purchase. The fallout has stalled high‑rise, concrete projects while distressed sales remain scarce...
2nd Look at Local Housing Markets in February Altos: Active single-family inventory was down 0.6% week-over-week https://calculatedrisk.substack.com/p/2nd-look-at-local-housing-markets-b1a My sense - based on limited data - is sales will be above the consensus forecast, but will likely be down slightly year-over-year.
Adjustable‑rate mortgage (ARM) originations climbed in 2025 despite falling 30‑year fixed rates, reaching a 20.5% share of conventional volume, the highest in three years. The 5/1 ARM remained about 80 basis points cheaper than the fixed‑rate benchmark, saving borrowers roughly...
California’s Housing Finance Agency has reopened the Dream For All Shared Appreciation Loan program, offering first‑generation, first‑time homebuyers up to $150,000 in down‑payment or closing‑cost assistance. Applicants must meet income and residency criteria and are chosen through a lottery, with...
Steven Roth sold the 340,000‑square‑foot former Alexander’s department store in Queens for $236 million, generating roughly $150 million in profit. The property, vacant since Burlington and Marshalls left, includes a 1,236‑space parking garage and sits near the Long Island Expressway. Northwell Health,...
Data center provider CyrusOne announced the topping out of the first building at its new Bosque County campus in Whitney, Texas. The $750 million DFW10 facility, a 250,000‑sq‑ft, single‑story data center, was constructed by 650 workers over 450,000 man‑hours without incident....
TD Securities, the investment arm of TD Bank, has expanded its footprint at SL Green’s 125 Park Avenue to 181,447 square feet, adding 51,081 square feet on the 21st and 22nd floors. The new space brings its total occupancy to the eighth, 19th,...
The article explains that a co‑borrower can be removed from a mortgage without refinancing, though this route is uncommon. It outlines five alternatives—mortgage assumption, court‑ordered removal, lender release, bankruptcy, and quitclaim deed—detailing their requirements, benefits, and drawbacks. Cost analysis shows...
Redfin economists warn that mortgage rates could remain volatile as the Iran‑Israel conflict drives oil prices toward levels last seen during the Ukraine war and fresh inflation data arrives. February core CPI is projected to rise 0.2% month‑over‑month, while the...
San Luis Obispo County has become California’s third‑hottest market for single‑family home investment, with 7,454 purchases last year. The surge is driven primarily by mom‑and‑pop investors—small owners who hold fewer than five properties—who now own about 91% of the state’s...
Loandepot announced its return to the wholesale mortgage origination channel, a move it had abandoned in August 2022 after a $224 million Q2 loss. CEO Anthony Hsieh, now acting CEO, says the comeback leverages the joint‑venture shared‑services platform to drive profitable...
Alterra IOS secured a $103 million senior debt facility from PGIM’s real‑estate credit arm, backed by 23 industrial outdoor storage properties across 18 U.S. markets. The financing will fund future IOS acquisitions, marking Alterra’s first debt partnership with PGIM. Executives called...
Steve Croman, a once‑convicted landlord, is facing four new foreclosure lawsuits filed by Dalan Real Estate over nine Manhattan rental buildings spanning Harlem to the Lower East Side. The suits allege Croman defaulted on $43.4 million in Axos Bank mortgages after...
Prologis broke ground on the final phase of its Port Crossing Commerce Center in La Porte, Texas, adding two new buildings totaling 290,000 square feet. The expansion pushes the park’s footprint above 2.7 million square feet across 11 structures, reinforcing...
Ready Capital posted a $232 million loss for the fourth quarter, an improvement from a $314 million loss a quarter earlier, as it restructures a $1.5 billion commercial‑real‑estate loan portfolio. Non‑accrual loans surged to 25% of the book, roughly $1.3 billion, driven by a...
Encouraged to see pro-housing voices pushing to keep build-to-rent. I'd also suggest pushing to keep "renovate-to-rent." Three things: 1) Freddie Mac wrote in 2022 that investors "heavily target under-market-value homes that need more repair than what most first-time homebuyers are willing to...
The “Corridor Gravity” Law Why 80% of Real Estate Wealth Is Created Within 2–3 km of One Road Most people buy property based on: • sector number • builder brand • brochure amenities But in real estate, the real economic unit is not the sector. It’s the...
Carlyle Group has signed a 10‑year lease for 150,036 square feet at SL Green’s 245 Park Avenue and an additional 52,121 square feet at Irvine Company’s 200 Park Avenue, bringing its new Manhattan footprint to more than 202,000 square feet. The 245 Park lease commands $175...
Howard Hanna, the nation’s largest privately held brokerage, has hired former Douglas Elliman leasing head Hal Gavzie as executive director of business development for its newly launched New York City office. The move follows Hanna’s October acquisition of Elegran Real Estate,...
Megaworld Corp. raised P945 million by selling 70 million MREIT shares at P13.50 each, adding to prior REIT fundraises of P1.32 billion in December and P2.24 billion in September 2025. The proceeds support a P65 billion capital‑expenditure plan focused on provincial township expansion. MREIT posted...
Brown Advisory, a leading investment advisory firm, has signed a 15‑year lease for 34,748 square feet at Tishman Speyer’s Plaza District tower at 520 Madison Avenue. The lease covers the entire 27th floor and part of the 26th floor, and the...
More than a year after the 2025 Eaton Fire razed Altadena, architects, planners, and real‑estate leaders are convening to rebuild without displacing the historically Black community. The ULI Los Angeles‑SoCal NOMA forum highlighted the Altadena Rebuild Coalition’s Project Recovery plan, a...
Rightmove’s latest analysis reveals Winnington Road in Barnet as the UK’s most expensive street, with an average asking price of £12.5 million. London dominates the top‑ten list, contributing nine streets, while the sole non‑London entry is East Road in Elmbridge, Surrey,...
Texas home prices slipped 1.2% to a median of $335,000 in 2025, while most metros posted price gains and sales volume rose modestly. Active listings jumped 23.1%, pushing months of inventory to 4.6, a level near market balance. Fourteen of...
So much talk about another 2008 price collapse, but that's very challenging to get with 2026 stats. I'm not sugarcoating. All I'm saying is very limited supply has kept prices higher. Not much of a dip over the past four...
Just ONE generation ago, our fathers could support an entire family on a single paycheck. Afford homes, buy cars, raise kids, family vacations, and retire with pensions… all on ONE middle-class salary. Today? Two incomes barely cover rent in most cities.
Primark appointed Eoin Tonge as permanent CEO after a year as interim, signaling a stable leadership transition. The retailer is accelerating U.S. expansion, celebrating a decade of presence and planning a flagship Herald Square store in Manhattan. Internationally, Primark opened...
A new Enterprise Community Partners report finds that 39,880 affordable housing units across 461 California developments are shovel‑ready but stalled due to insufficient state funding. The projects, which could house over 432,000 low‑income households, require $2.3 billion in subsidies, $1.8 billion in...
The Urban Redevelopment Agency of Gwinnett County is soliciting proposals to transform a 106‑acre dormant industrial parcel near Norcross, adjacent to Lightera’s fiber‑manufacturing campus. The county will consider a range of uses—including multifamily housing, office, retail, industrial or flex‑industrial—and has...
Aldi opened its 500th store in Spain, marking the 5,555th outlet for Aldi Nord across Europe. The new supermarket in Mijas, Málaga, brings total retail space in Spain to over 550,000 m², a 54% increase since 2020. Over the past five years...
Harvey AI is adding more than 90,000 square feet to its existing lease at SL Green’s One Madison, bringing its total footprint to roughly 185,000 square feet. The expansion pushes the 1.4‑million‑square‑foot Class A tower to 100 percent occupancy, a milestone for the...
March ICE Mortgage Monitor: "Average annual property insurance payments rose to an all-time high" https://calculatedrisk.substack.com/p/march-ice-mortgage-monitor-average
A great dataset I recently got access to: Xactus Mortgage Intent Index. Xactus processes credit pulls in the mortgage application process. The index is based on actual apps. It is highly correlated with the Altos weekly pendings data. Now at highest...
Airbnb’s ability to meet World Cup lodging demand in New York City is hampered by the city’s strict short‑term rental bans, driving visitors to seek accommodations across the Hudson River. In New Jersey, short‑term rental occupancy surged 169% on the...
Inventory has a shot of being negative year over year by the end of March or the first week of April if the seasonal increase doesn't happen soon. https://t.co/yYspHxEdvu
The first two months of the year have started off with lower closed sales volume than 2025. The hope is for March 2026 to be a little higher in light of slightly more pendings lately. https://t.co/Ctj0EyVXqx
The Las Vegas housing market tipped toward buyers in February 2026 as median single‑family prices slipped to $481,995, a 0.6% year‑over‑year decline, and condo prices fell 5.9%. Inventory rose sharply, with a 17.2% increase in listed single‑family homes and a...
This is the dream industrial tenant. Essentially just dry storage with very little to ever be concerned about. Tenants pay their rent consistently and you never get a phone call from them. The exact opposite of pickleball really. https://t.co/OWpWYLmHs8
Genuinely puzzled that 100+ YIMBY groups signed off on a letter that says "we should allow build-to-rent construction everywhere except not really everywhere." What the heck? YIMBYs are now NIMBYs? That is literally a tactic you criticize NIMBYs for. 🤦♂️ https://t.co/Z61eYharAp
Aldi has launched a $35.1 million renovation of its Baldwin, Florida distribution center, converting the former C&S Wholesale Grocers site into a modern hub for perishable and dry goods. The upgrade, split between $22 million for 391,600 sq ft of refrigerated space and $13 million...
On Thursday, I'll be walking through California YIMBY's excellent 2026 legislative agenda. See you there? https://t.co/3KTPbOnoos
From the weekend: Why it makes sense that housing is where Trump and Mamdani can find common cause and how Mamdani and LA's Nithya Raman and seeking to upend a half century of urban housing politics and a decade-long fight...
Realtor.com’s latest report finds Texas faces a severe housing shortfall, needing hundreds of thousands of new homes to keep pace with rapid population growth and in‑migration. Despite leading the nation in homebuilding, the state’s supply lagged for a second consecutive...
You are forgetting nobody wants their towns to get cheaper. They want their homes to appreciate and for poor people to be priced out of becoming their neighbors. The developers, landlords and homeowners in Austin are PISSED rents are dropping.
Every major metro area in Florida has experienced declining home values in the last year. Orlando, Tampa, Jacksonville, Lakeland, Naples. Now even Miami is getting in on the action. Demand and sales volume continue rest at the lowest level in nearly 15 years....
FFL Partners announced the creation of Pioneer HOA, a newly formed holding company designed to house its current and future investments in homeowners association (HOA) property‑management firms. The move consolidates a fragmented portfolio under a single corporate umbrella, simplifying governance...
The iconic Rockefeller Center. Ben Epstein and his team handle the leasing, and they’re crushing it. 6.5M square feet, 98% leased. Rents? The highest they’ve ever seen. Fun geeking out on the market - hard to imagine a more incredible leasing assignment anywhere. https://t.co/yBZqAs7D2v
