Today's Real Estate Pulse
U.S. housing starts jump 10.8% in March, hitting a 15‑month high
Residential construction starts surged 10.8% in March 2026, matching both month‑over‑month and year‑over‑year growth. The Northeast led the rebound with an 18.9% YoY increase, and single‑family starts topped one million units for the first time in over a year. Meanwhile, permitting lagged and the South saw a 14% YoY drop in permits.
Also developing:
Blackstone Mortgage Trust Inc (BXMT) Q1 2026 Earnings Call Transcript
Blackstone Mortgage Trust posted GAAP net income of $0.24 per share and distributable earnings before charge‑offs of $0.51 per share, comfortably covering its $0.47 dividend for the second straight quarter. The loan portfolio is 99% performing after resolving $575 million of impaired loans and trimming impaired balances below $90 million. The firm increased non‑mark‑to‑market borrowings to roughly 85% of its debt and reduced borrowing spreads by 90 basis points through $5 billion of recent corporate debt transactions. New investments of $1.5 billion were directed toward multifamily, industrial and net‑lease assets, while international exposure, especially in Europe, continued to grow.
Empire State Realty Trust Inc (ESRT) Q1 2026 Earnings Call Transcript
Empire State Realty Trust reported Q3 2025 results highlighting a core FFO of $0.23 per diluted share and sequential improvements in leasing activity. Manhattan office occupancy rose to 90.3%, marking the eleventh straight quarter above the 90% threshold, while the portfolio...
Invitation Homes Inc (INVH) Q1 2026 Earnings Call Transcript
Invitation Homes reported 2.3% same‑store NOI growth for 2025, driven by modest revenue expansion and high occupancy of 96.8%. The company completed its ResiBuilt acquisition, giving it in‑house build‑to‑rent capabilities while keeping near‑term activity fee‑based. Liquidity remains strong at $1.7 billion,...
Quick 5‑Minute Deal Analysis: Yield >150 Bp Spread Wins
“How do I analyze a deal in 5 minutes?” BOE’s are extremely easy Basically what you’ll be doing is: 1. Multiplying market rents by the property’s unit count 2. Applying a vacancy factor to get total revenue 3. Multiplying the total revenue by...
Atlanta, Fulton County Explore Buying Former CNN Center
Atlanta and Fulton County are weighing a joint purchase of the former CNN Center, now called The Center, for roughly $200 million. The Atlanta Fulton County Recreation Authority would fund the acquisition with tax‑exempt senior revenue bonds, while developer CP Group...
Leasing Slides For Alexandria Amid 'Very Tough Operating Environment'
Alexandria Real Estate Equities, the largest lab REIT, reported a sharp slowdown in Q1 2026 leasing, with space leased dropping from 1.2 million SF to 647 K SF and occupancy falling to 87.7%. Rental income fell roughly $100 million and rates declined 15%, prompting a...
Hyundai Taps SL Green for Leasing, Management of Boutique Tribeca Offices
Hyundai Motor Group has appointed SL Green Realty Corp. to lead leasing and asset‑management for its newly built 15 Laight St. office tower in Tribeca. The 109,000‑square‑foot boutique building will be marketed by SL Green alongside CBRE, which continues as the leasing broker. The...
Home‑buying Sentiment Hits Multiyear High
The consumer sentiment index on the intent to buy a new #home was released today at a multiyear high. #housing #realestate #mortgagerates #chartdaddy
Ben Suky on What Really Drives Value in New York Real Estate — Beyond the Deal
Ben Suky, founder of Bensco LLC, argues that New York real‑estate value is created after the purchase through disciplined management, financing, and stabilization. While deals dominate headlines, operational complexity—rent regulations, tenant dynamics, and renovation logistics—determines long‑term performance. Execution consistency, flexible...
AMC Deploys Prisma Prop Tech Resident Portal Platform Across Portfolio of Managed Multifamily Communities
Apartment Management Consultants (AMC) has rolled out Prisma Prop Tech’s resident portal and payments platform across its portfolio of more than 900 multifamily communities. The unified solution offers digital rent payments, credit‑building, rewards, fraud protection, and two‑way messaging integrated with AMC’s property‑management...
Nashua Retail Trades After 20-Year Hold and Two Years on Market
Matthews brokered the sale of a 44,000‑square‑foot retail building at 166 Daniel Webster Highway in Nashua, New Hampshire for $8.8 million. The property, held by its developer for more than two decades, had been listed at $10 million and lingered on the market...
AutoStore Conducts Pio Pilot with OBOS for Residential Storage
AutoStore announced a pilot of its Pio automated storage system in partnership with OBOS, a leading Nordic real‑estate developer. The pilot, located in the OBOS Living Lab in Oslo, installs a 20 m² grid with 150 bins that can store up...
Vornado Buying 49% Stake in Fisher Brothers’ Park Avenue Plaza
Vornado Realty Trust is buying a 49% stake in the 45‑story, 1.2 million‑sq‑ft Park Avenue Plaza from Zhang Xin’s Closer Properties. The tower, valued at about $1.1 billion, comes with roughly $570 million of debt that Vornado will assume. Fisher Brothers retains the...
On Newest Atlanta Beltline Section, Big Development Ideas Sought
Beulah Heights University, one of the Southeast’s oldest Bible colleges, is marketing its 4.3‑acre campus and adjacent parcels along the newly opened Southeast Trail of the Atlanta Beltline. The property offers 400 feet of Beltline frontage in Ormewood Park, a submarket that...
Delegate to Scale: Stop Doing It All
Stop Doing Everything Yourself 🛑 Scale Your Business Follow @chasecalhoun.realestate for more on build-to-rent and real estate investing. #realestate #investmentproperty #buildtorent
Marcus & Millichap Arranges Sale of 40-Unit Milwaukee Multifamily
Marcus & Millichap brokered the sale of Kane Place Apartments, a 40‑unit multifamily building in Milwaukee’s Lower East Side, for $3.52 million, equating to $88,125 per unit. The property, built in 1896 and fully leased with 30 studios and 10 one‑bedrooms, sits...
NYC’s Top Construction Permits: Week Ending April 24, 2026
New construction permits in New York City for the week ending April 24 2026 highlight a mix of high‑rise development, mid‑rise residential projects, and several demolition and alteration filings. Extell Development filed plans for an 86‑story, 1.65 million‑sq‑ft tower at 80 West 67th Street on the...
McHugh Construction, Powers & Sons Break Ground on Housing Development in Chicago’s South Loop
McHugh Construction and Powers & Sons broke ground on Southbridge 1C, a 12‑story mixed‑use building in Chicago’s South Loop. The project will deliver 80 market‑rate and affordable rental units plus a 1,500‑square‑foot retail space, designed by Gensler and developed by The...
Alexandria Real Estate Equities Posts Q1 Profit, FFO Surges to $3.73 per Share
Alexandria Real Estate Equities (ARE) posted a first‑quarter net profit of $358.9 million, or $2.10 per share, reversing a $11.6 million loss from a year earlier. Funds from operations (FFO) jumped to $3.73 per share, more than double the $1.65 per share...
CareTrust REIT Launches $628 Million Cross‑border Acquisition Spree
CareTrust REIT disclosed $628 million in acquisitions across North America and Europe, highlighted by a $380 million purchase of 15 skilled‑nursing facilities in California. The spree, funded through equity and debt, comes as the REIT earns an 8.8% blended yield and receives...
Spanish Footwear Brand Meermin to Open First DC-Area Location
Spanish footwear label Meermin is opening a 1,630‑square‑foot boutique in Georgetown, Washington, D.C., marking its fourth global store and second in the United States. The lease was brokered by JLL for landlord EastBanc, adding to Meermin’s flagship SoHo location and...
Hotel-to-Residence Conversion Boosts Downtown Vitality
Cool news from @urbanizeatlanta_ The beautiful Rhodes-Haverty tower (1929) is slated to be converted from a hotel to residential. As I've said for years and years, Downtown needs many more homes than it has. Being primarily a place for visitors...
Supermicro Launches 714,000‑sq‑ft Silicon Valley Campus to Boost U.S. AI Data‑center Capacity
Super Micro Computer (NASDAQ: SMCI) opened a 714,000‑square‑foot campus on 32.8 acres near its San Jose headquarters, its largest U.S. site to date. The expansion adds hundreds of engineering and manufacturing positions and is aimed at accelerating domestic AI data‑center...
Report: Puget Sound Industrial Vacancy Reaches New High
Puget Sound’s industrial market ended Q1 2026 with vacancy climbing to 11.5%, a 230‑basis‑point year‑over‑year rise and a regional record. Net absorption turned negative, registering a -0.8 million‑square‑foot deficit, while new supply surged to 2.5 million sq ft, the most completions since late 2023....
Bed Bath & Beyond Q1 2026 Revenue Rises 7% as Net Loss Narrows to $16.4M
Bed Bath & Beyond reported first‑quarter 2026 revenue of $247.8 million, up 6.9% year‑over‑year, while net loss narrowed to $16.4 million. Management highlighted cost reductions, AI‑driven efficiencies and ongoing store‑footprint optimization as the drivers of the modest rebound.
Former Brooklyn Nets Star Ben Simmons Relists Olympia Dumbo Pad
Former NBA All‑Star Ben Simmons has relisted his Olympia Dumbo duplex for $15 million, lowering the price from the $17 million he originally sought. He bought the 5,300‑sq‑ft, five‑bedroom unit for about $14 million in 2023 while the building was still under construction....
The 'Amazon Effect' Is Creating Instant Demand For Office Space
Houston brokers are witnessing an "Amazon Effect" in office leasing, where tenants seek 20,000‑square‑foot spaces ready for occupancy within a month. Average lease sizes have shrunk to about 3,800 SF from 6,000 SF pre‑COVID, driving demand for move‑in‑ready spec suites that typically...
Inside Northview: A New Workforce Housing Model for Active Seniors in Nashville
Northview is a new workforce‑housing project in Nashville designed for active adults aged 55 and older who remain employed but face rising living costs. Developed through a partnership between Urban Campus, ULI and the Born Again Church, the community combines...
Suburban Philly Resi Conversions Rarely Pencil Despite High Demand
Office‑to‑residential conversions are booming in Center City but remain rare in Philadelphia’s suburbs despite a 25.1% office vacancy rate and strong rental demand. Suburban multifamily supply grew only 0.2% last year, while rents rose 3‑4% in Chester and Delaware counties...
Real US Housing Wealth Contracts Ninth Month
The Case‑Shiller 20‑city index posted a modest 0.9% gain in February, the slowest pace since July 2023, marking the ninth consecutive month that real U.S. housing wealth has shrunk. Price growth is now negative in more than half of the...
Mortgage Rates Rise to 2-Week Highs
Mortgage rates climbed to a two‑week high, with the 30‑year fixed rate reaching 6.38%. Lenders typically set rates once per day, so they did not react to the bond market’s gradual decline until the morning. A second day of bond...
Homeownership Isn’t Always Financially Smarter, but Protects School Stability
Have said this a hundred times - the idea that owning a house is a better economic move than renting + investing the extra money that would go down payment / maintenance / appliances / prop taxes in the S&P...
PulteGroup's Orders Reveal K‑Shaped Housing Market
K-shaped housing market is showing up directly in giant homebuilder PulteGroup's order book "Economic reports talk to the K-shaped economy... We saw this play out again in our first quarter results" - @pultehome CEO Ryan Marshall said on their earnings call
What Ontario’s Assessment Freeze Is Costing Toronto Businesses
Ontario’s property‑assessment freeze, locked at 2016 levels, is forcing Toronto businesses to pay taxes on values that no longer exist. Analysis of 42 large office sales shows more than 40% are overtaxed, with 18 properties paying over 50% above market...
Kid‑friendly Homes Need More Bedrooms, Not Square Footage
The key to a house being “kid friendly” is the number of BEDROOMS … more than the unit size It turns out, babies are small
Housing Supply Surges Past Population, Creating Accidental Landlords
Housing Unit Growth Far Outruns Population Growth: Vacant Units on the Market and the “Accidental Landlords.” These dynamics are now moving in the right direction. https://t.co/J2ThoTPrRD https://t.co/GVUspOBlLG
Vernon Building Society Partners with FintechOS to Power New Mortgage Platform
Vernon Building Society has teamed with FintechOS to launch a unified mortgage platform built on FintechOS 8. The solution runs above Vernon’s legacy core, eliminating the need for a costly system replacement while covering the full origination workflow. Powered by no‑code...
Rithm Invests $250M to Rebrand ElecorProperties, Elevate Office Experience
#ElecorProperties. You know them as #ParamountGroup. New owner #Rithm gives them a $250M sprucing up, new name. They pledge to 'elevate the office exp+set a new standard for what a bldg c/offer' #1633Broadway #1301AofA #712Fifth #NYC #realestate #CRE ...
Half of US Metros See February Home Price Drops
🏘️📉"More than half of major U.S. metropolitan markets posted year-over-year price declines in February, signaling that the housing slowdown has broadened well beyond its Sun Belt origins" - S&P Cotality Case-Shiller home price index https://t.co/n3HIGUVg7v
GFP Separates Development Business From Rest of Firm
GFP Real Estate has spun off its development arm into a new affiliate, GFP Development, headed by Brian Steinwurtzel. The move is intended to clarify branding and give Steinwurtzel credit for his projects, which include high‑profile Manhattan conversions such as...
Metro Home Prices Diverge: Winners and Losers Nationwide
Chart: Year-over-year shift in home prices across the 50 largest metro area housing markets Where do you think home prices in your local housing market head next? Take the @_TurboHome-ResiClub Housing Sentiment Survey: https://t.co/x319m6NQxc
Modern Codes Complicate Classic Rowhome Vestibule Designs
I really want to build rowhomes with vestibules again It’s often very tricky to do now with circulation requirements because they are so much deeper than these historic ones https://t.co/TXWZPcM1m8
How Mortgage Revenue Bonds Can Boost Your Portfolio
The article explains how state and local housing finance agencies issue mortgage revenue bonds (MRBs) to fund affordable single‑ and multi‑family housing, detailing their structures, credit quality, and market dynamics. It highlights that MRBs, backed by government‑pledged assets and often...
Cheap Chinese Property, But Capital Controls Trap Returns
I'd say "Now is the time to buy some cheap Chinese real estate", except you shouldn't. China has capital controls, meaning that even if prices go back up, you won't be able to get your money out of the country.
Mortgage Rates Dip, Spread Widens to 202 Bps
The average 30-year fixed mortgage rate today: 6.38% Same day last year: 6.82% -------------------- 10-year Treasury yield today: 4.36% Spread today: 202 bps
Sierra to Open First Florida Store, Fourth Kentucky Location
Sierra, the outdoor‑themed off‑price chain owned by TJX Companies, announced it will open its first Florida store in Jacksonville and its fourth Kentucky store in Owensboro on May 30, 2026. The Jacksonville location occupies a 16,700‑square‑foot space previously held by Petco...
Strategic Low Pricing Fuels Two‑Week SF Contracts
Most properties get into contract within two weeks in San Francisco. The market is really hot right now, but this is also about properties being priced strategically low to generate multiple offers to get into contract quickly. Any thoughts? https://t.co/B899f4lZ1d
Garry Marr: Are Young FHSA Savers About to Get Duped Again?
Canada’s First Home Savings Accounts (FHSA) have surged to roughly $8.07 billion CAD (about $6 billion USD) by the end of 2024, with an average balance of $8,000 CAD (~$5,900 USD) per holder. Meanwhile, the housing market remains soft, with average home...
Haggerty Bill Rewards Cities Cutting Housing Barriers
While ROAD gets all the attention, there's a better pro-supply bill getting sparse attention that would likely produce far more housing (for sale and for rent), proposed by Sen. Haggerty. It's premise is simple: Reward cities that remove barriers to housing...
Los Angeles Mayor Karen Bass To Speed Up Permits After Meeting With Trump
Los Angeles Mayor Karen Bass signed an executive order to overhaul the city’s building‑permit process, a move prompted by a recent meeting with President Donald Trump who criticized LA’s slow post‑wildfire rebuilding. The order introduces artificial‑intelligence review, expands pre‑approved housing...