Borough High Street Office Asset Goes on Sale for £33m
A private client has placed the freehold of 171‑191 Borough High Street on the market for more than £33 million (approximately $42 million), delivering a net initial yield of 7.35%. The 31,179‑sq‑ft office building is fully let to education provider Kaplan Financial until January 2033, a tenant that has occupied the site for over 30 years. Recent capital works include an all‑electric plant, a fourth‑floor refurbishment and a £1 million (~$1.27 million) basement upgrade. The property boasts an EPC ‘A’ rating and sits between Borough and London Bridge stations.
Serviced Office Sector Under Threat From ‘Rogue’ £600m VOA Tax Hike
The Valuation Office Agency’s new rules shift full business‑rate liability onto serviced‑office operators and strip small‑business relief, creating an estimated £593.8 million (≈$754 million) annual cost for the sector. The average tenant will see overheads rise by about £5,400 (≈$6,860) per year,...
Watkin Jones Wins GW2 Approval for £101.7m Bristol PBSA Site
Watkin Jones, in joint venture with Maslow Capital, has secured gateway 2 (GW2) approval for its 484‑bed purpose‑built student accommodation (PBSA) on Malago Road in Bristol’s Temple Quarter. The scheme carries a gross development value of £101.7 million, roughly $127 million, and will...
Sino Land-Led Consortium Clinches Kam Sheung Road Phase Two with US$1.7 Billion Investment
A consortium led by Sino Land and Great Eagle Holdings, together with China Overseas Land & Investment and China Merchants Land, secured the Kam Sheung Road Station Phase Two tender. The group will invest over HK$13 billion (about US$1.7 billion) to build...
Hong Kong Property Investment Soars on Lower Funding Costs, Rising Demand
Hong Kong’s commercial property market attracted about $1.6 billion in Q1 2024, a 41% year‑over‑year rise, driven by stronger liquidity and lower funding costs. The number of deals jumped 26% to 29, with 14 distressed assets luring private investors. Institutional interest...
Mapfre and Manova Partners Snap up Dublin Office Asset
Mapfre and Munich‑based Manova Partners have jointly acquired the Grade A office tower One Haddington Buildings in Dublin for their Stable Income European Real Estate Fund 2 (SIEREF 2). The four‑storey property offers roughly 40,903 sq ft of lettable space, 23 parking spots and is...
Clarks 'Excited' To Open New Flagship on Oxford Circus
Clarks is set to launch a new 2,839‑sq‑ft flagship store at 522 Oxford Street, near Marble Arch, this July. The shop will feature the brand’s refreshed retail design first unveiled at its Tottenham Court Road location last November. It marks...
From Copenhagen to Sunderland
The VELUX Group’s Living Places concept, which blends ultra‑low embodied carbon with health‑focused indoor climate, is moving from Copenhagen prototypes to a real‑world UK pilot. In partnership with Igloo Regeneration, about 50 mixed‑tenure homes will be built on a Sunderland...
Coming Soon: Facilities That Also Happen to Be Farms
Vertical farms are emerging as a new class of commercial tenant, turning warehouses into year‑round food production sites. Area 2 Farms in Arlington, Virginia, has demonstrated profitability by offering a subscription‑based CSA that delivers locally grown greens and root vegetables....
Real Estate Works Best in the Open — Here’s Why
Industry experts warn that the growing trend of “private” listings is mischaracterized; it is merely selective distribution rather than genuine privacy. Limiting a property's exposure reduces the pool of potential buyers, undermining price discovery and often leading to lower sale...
Shaftesbury Axes CBRE and Brings in Workman as New Property Manager
Shaftesbury Capital has terminated its five‑year managing‑agent relationship with CBRE, appointing Workman to run property management and operational finance from June. Workman will rely on Dexters for residential services, reflecting distinct regulatory needs. The London REIT oversees a 2.8 million‑sq‑ft portfolio...
JPMorgan to Add 400 Jobs in Charlotte by 2028
JPMorgan Chase will add roughly 400 jobs in Charlotte, boosting its corporate headcount to about 1,000 by 2028. The bank will occupy a new 145,000‑square‑foot office in the SouthPark mixed‑use building, slated to open early 2028. The space will bring...
Workspace Group Warns of ‘Substantial Step Down’ in Profit
Workspace Group warned that full‑year 2026‑27 trading profit will see a substantial step down, driven by lower starting rents, higher debt costs, asset disposals and rising operating expenses. Rent per square foot slipped 1.3% to £41.96 ($53) while total rent...
Pandemic ‘Permanently Transformed’ Land Market, New Study Says
Realtor.com’s new land‑market study finds U.S. buildable lot inventory has dropped 23.6% since early 2019, while median price per acre surged 76.6% to $62,365. The pandemic‑driven construction boom converted many parcels into homes, permanently shrinking the supply of developable land....
Suntec Reit Flags Near-Term Pressure on Convention Business as Bookings Slow in Wake of Iran War
Suntec REIT warned that the Iran‑Israel conflict is dampening near‑term convention bookings in Singapore as corporates adopt a wait‑and‑see stance. While no cancellations have occurred, higher air‑fares, accommodation costs and disrupted travel routes are pressuring event organisers. The REIT, newly...
‘Largest Singapore Commercial S-Reit Proxy’: Analysts Say Buy CICT Shares After Paragon Acquisition
CapitaLand Integrated Commercial Trust (CICT) announced a S$3.9 billion (~$2.9 billion) acquisition of the luxury Paragon mall, cementing its status as the largest Singapore commercial S‑REIT proxy. The deal is financed by the recent S$2.48 billion (~$1.8 billion) sale of Asia Square Tower 2 and...
Space Management Isn’t a Floor Plan Problem. It’s Bigger.
Facilities teams have poured money into booking platforms, sensors and space‑planning tools, yet many offices still suffer from empty reserved desks, crowded collaboration zones and low adoption. Industry reports show 38% of facilities leaders rank space utilization as a top...
UK’s Crest Nicholson Cuts Forecasts, Warns on Slower Sales Rates
Crest Nicholson, one of the UK’s leading housebuilders, announced a downgrade to its financial forecasts, citing slower home‑sales rates amid a tightening mortgage market. The company now expects reduced revenue and profit for the current fiscal year and has shifted...
British Land Reports 6% Rental Growth, Boosted by AI-Driven Office Demand
British Land announced a 6% increase in rental rates across its core office portfolio, outpacing market expectations. The growth was largely driven by heightened demand from AI‑focused companies seeking modern, technology‑enabled workspaces. Leasing activity, particularly renewals, remained robust, indicating strong...
Hong Kong Movie Star Chow Yun Fat Fetches $960,000 From Selling Flat Bought over 30 Years Ago
Hong Kong film icon Chow Yun‑fat sold his three‑bedroom, 50‑sqm flat in Central for HK$7.5 million (≈$960,000), delivering a 91% profit over the 1995 purchase price of roughly $500,000. The property, listed at HK$8.99 million before a 16.6% price cut, marks Chow’s...
Rent Control Campaigners March in Central London
Thousands marched in central London on Saturday demanding rent controls and a massive council‑housebuilding programme. The demonstration, organized by tenant groups, trade unions and housing campaigns, started at Soho Square and featured speakers such as former Labour leader Jeremy Corbyn...
Second Homes Tax Loophole May Be Closed
Labour is reviewing rules that let second‑home owners reclassify properties as holiday lets to escape council tax, shifting them into the business rates system. Under current regulations, owners qualify for small‑business rates relief by renting the home at least 70...
California Nonprofit Plans To Build Homes Out of Straw for Low-Income Residents
Just Places, in partnership with People First, is proposing a six‑unit straw‑bale village on Mount Calvary Lutheran Church land in Santa Cruz County to address California’s acute affordable‑housing shortage. The project targets low‑income residents transitioning from homelessness, aiming to raise...
Thinking of Building? This Coastal Growth Corridor Is Where Many Are Starting
The Sunshine Coast topped Australia’s Regional Movers Index, capturing 8.9% of net internal migration, driven by affordable coastal living and proximity to Brisbane. Stockland’s Aura master‑planned community, spanning 2,300 ha, aims to house about 50,000 people in 20,000 dwellings with mixed‑use...
The New Multigenerational Reality: Nearly Half of This State’s Young Adults Are Living at Home
Nearly half of New Jersey’s 18‑34‑year‑olds (44.1%) now live with their parents, mirroring a national rise to 33% of young adults in the same age group. The surge is driven by high mortgage rates, an average $37,300 student‑loan balance, and a...
Pittsburgh's Unexpectedly Thriving Mall Is A Trendy Pennsylvania Gem With Bustling Shops And Restaurants
Ross Park Mall in Pittsburgh’s North Hills defies the nationwide mall‑closure trend, maintaining a 97.9% occupancy rate across 1.24 million sq ft. The center now hosts more than 150 stores, including over 25 retailers that are unique to the Pittsburgh market. Strategic investments—$14 million in a 2000...
Homebuyers Warned Pre-Approved Loans May No Longer Be Valid After Rate Rises
Australian homebuyers heading to property auctions are relying on pre‑approved loan figures that may be outdated after the Reserve Bank of Australia (RBA) raised the cash rate to 4.1% in March 2026. Mortgage broker Alex Veljancevski warns that each 0.25 percentage‑point...
Landlords Rush to Act as Rental Reforms Loom
Landlords accelerated eviction activity in March as the UK’s Renters’ Rights Act looms. Possession instructions jumped 60% year‑on‑year while enquiries rose 75%, the steepest monthly increase recorded by Landlord Action. The surge reflects a pre‑emptive shift from Section 21 notices toward...
Hidden Housing Supply: Where Are All the New Homes Going?
New analysis from Alto, using ONS data, shows that only about one in ten newly built homes in England reach the open market in 2024/25. Of roughly 200,000 homes delivered, just 21,261 are listed for sale, with London lagging at...
Colorado Law Expands Mortgage Options for First Responders
Colorado Governor Jared Polis signed Senate Bill 26‑053, expanding eligibility for Colorado Housing and Finance Authority (CHFA) mortgage programs to include police officers, firefighters and EMTs. The legislation adds an income cap of 110% of the existing CHFA limit for qualifying...
Early Community Engagement May Avoid Data Center Delays, Industry Panel Says
Data center developers are being urged to engage local communities and policymakers early to avoid costly delays, panelists said at Data Center World. Brandie Williams highlighted that over 70% of projects from 2020‑2022 stalled due to poor communication. Regulators in...
Primark Set to Open First Manhattan Store in Herald Square
Primark will open its first Manhattan flagship on May 8 at Herald Square, occupying 150 W 34th St. across from Penn Station. The 54,000‑square‑foot store is the retailer’s 11th location in New York and the 40th across the United States. The launch includes a block‑party...
Existing Home Sales Fell 3.6 Percent in March
Existing‑home sales slipped 3.6% month‑over‑month in March, reaching a seasonally adjusted annual rate of 3.98 million units. The median price rose 1.4% year‑over‑year to $408,800, marking the 33rd consecutive month of price gains. Inventory increased 3% to 1.36 million homes, creating a...
Buyers Have an Advantage This Spring — but Will They Show Up?
A new Redfin analysis shows that 78% of the nation’s 49 major metros are now buyer’s markets, a sharp rise from a year ago. Home prices are falling in 89 of the 300 largest markets, with Florida metros seeing declines...
In West Palm Beach Real Estate, a Sense of Being on the Cusp
West Palm Beach is rapidly evolving from a seasonal resort town into a financial‑services hub, driven by Stephen Ross’s Related Ross development program. Major Wall Street firms including J.P. Morgan, Goldman Sachs, and Wells Fargo have signed leases in new towers...
VA Mortgage Survey Reveals Gaps in Benefit Awareness
A NewDay‑commissioned survey of 1,238 current and former service members shows the VA mortgage benefit is well‑rated but misunderstood, with more than half holding at least one misconception. While 54% of veteran homebuyers used the VA loan and 38% reported...
Argentic Investment Management Signs 13K-SF Lease at 257 Park Avenue South
Financial services firm Argentic Investment Management has signed a 13,000‑square‑foot lease for the entire 20th floor of the 257 Park Avenue South building in Midtown South. The lease pushes the Art Deco property’s occupancy to 97 % and is described as...
When Housing Costs Threatened Essential Workers, These Communities Built Their Own Solutions
Rising housing costs are forcing essential‑service institutions to become landlords. In Provincetown, Massachusetts, the nonprofit behind the Independent newspaper bought a $500,000 condo to house three reporters after median homes hit $1.4 million. In Oakland, California, the Oakland Fund’s Rooted program...
Serhant Opens L.A. Office
Ryan Serhant’s brokerage opened a multi‑city California footprint, debuting offices in Los Angeles, Orange County, San Diego, San Francisco and Tahoe. The launch brings $2 billion in active listings, including $1 billion in L.A., and features high‑profile hires such as former The...
How Virtual Design and Construction Is Cutting Costs in Commercial Real Estate Development
Virtual Design and Construction (VDC) is reshaping commercial real‑estate development by merging 3D modeling, data‑driven scheduling, and clash‑detection workflows into a single pre‑construction process. Studies show coordinated MEP modeling can slash field RFIs by 30‑50%, while 4D simulations expose sequencing...
Appeals Court Partially Sides With LA Landlords In Challenge To Tenant Protection Laws
The California Court of Appeal for the 2nd District issued a mixed ruling in a lawsuit filed by the Apartment Association of Greater Los Angeles. It struck down the city’s relocation‑assistance requirement, deeming it inconsistent with the state‑wide Costa‑Hawkins Rental...
BPD OKs Longwood, Charlestown Housing Projects: The Boston Deal Sheet
Boston Planning Department approved four development projects, unlocking roughly 1.7 million square feet of new construction across the city. The flagship approvals include Skanska and Simmons University’s Longwood Place—a 1 M SF mixed‑use scheme with 227 residential units, 9 K SF of commercial space and...
Second-Home Volume Shrinks From Pandemic-Era Highs
Second-home ownership in the United States slipped to 6.2 million units in 2024, representing 4.3% of the housing stock and down from the pandemic peak of 6.5 million in 2022. The decline reflects waning demand after remote‑work‑driven buying surged during COVID‑19. Concentration...
Target Announces May Store Openings
Target will open six new stores in May, adding to a goal of 30 locations for 2024. The openings span Arizona, North Carolina, Missouri and New Jersey, with five stores larger than the chain’s 125,000‑sq‑ft average. They are part of...
'So Many Different Forces' Driving Houston Industrial Activity
Houston’s industrial market posted a 7.1% quarter‑over‑quarter rise in construction activity, reaching 21.8 million square feet in Q1, outpacing the national 2.2% increase. About 24% of the under‑construction space is already pre‑leased, highlighted by Grainger’s 1.3 million‑square‑foot distribution center that will add...
CapRock Partners Breaks Ground On First Ground-Up Texas Project: The DFW Deal Sheet
CapRock Partners announced the groundbreaking of Clay Road Business Park, a 483,000‑square‑foot, three‑building warehouse campus in Sunnyvale, Texas. The development marks the firm’s first ground‑up industrial project in the Dallas‑Fort Worth market and is slated for completion in the first quarter...
Time Equities Lands $160M to Build Multifamily Dev in Boynton Beach
Time Equities secured a $160 million construction loan from M&T Bank to fund a phase of its Town Square development in Boynton Beach, Florida. The loan will finance an eight‑story, 465‑unit building with 50,000 sq ft of amenities, 6,300 sq ft of retail space, and...
Related California, McCourt Forge JV for San Francisco Office/Hotel Tower
Related California has formed a joint venture with Los Angeles‑based McCourt Partners to develop 530 Sansome, a 41‑story office and hotel tower in San Francisco. The mixed‑use project will feature 342,000 sq ft of office space, a five‑star hotel, 7,400 sq ft of retail and restaurant...
Logistics Firm Starts Work on 600K-SF Denver-Area Industrial Park
Logistics Property Co. broke ground on the Eagle 25 Logistics Center, a 600,000‑square‑foot industrial park in Thornton, Colorado. The development comprises three buildings—175,000, 230,000 and 202,000 sf—and is slated for completion in Q2 2027. Permits also cover a fourth 141,000‑sf structure and...
Trump Administration To Offload Another HQ Building By Combining Agency Offices
The Trump administration is consolidating the Office of Personnel Management (OPM) with the General Services Administration (GSA) by moving both agencies into GSA’s historic 814,000‑square‑foot headquarters at 1800 F St. NW. The plan frees OPM’s under‑occupied 500,000‑square‑foot Theodore Roosevelt Building for disposition and...