Meganom Shows Infinity Pool Topping Its Skinny New York Skyscraper
Meganom’s 262 Fifth Avenue has topped out at 860 feet, becoming the tallest all‑residential tower on Fifth Avenue. The 52‑storey, ultra‑slim skyscraper features an illuminated crown that houses a rooftop deck and an infinity pool beneath an open archway. Originally proposed at 1,001 feet, the project was scaled down in 2023 but now offers full‑floor and duplex, column‑free residences with sweeping Manhattan views. Sales have begun as cladding and windows are installed, marking Meganom’s first U.S. development.
NewQuest Breaks Ground on Junior Retail Component at $400 Million Texas Heritage Marketplace in Metro Houston
NewQuest has broken ground on the junior retail portion of Texas Heritage Marketplace, a $400 million, 165‑acre mixed‑use development in Katy, Texas. The project will total 800,000 sq ft of commercial space, featuring junior anchors such as Academy Sports + Outdoors, Burlington, Spec’s...
Natural Grocers Plans New Store Opening In McMinnville, OR
Natural Grocers announced a new store opening this summer at 448 OR-99W in McMinnville, Oregon, marking its 15th location in the state and the first in the Willamette Valley. The company is conducting a virtual hiring fair on April 8, offering...
Low-Rate Borrowers Dig in as High Mortgage Costs Reshape Housing Plans
Survey data from Best Interest Financial and Clever Real Estate reveal that 76% of U.S. homeowners hold mortgages below 6%, and 35% would never abandon those rates despite changing housing needs. Borrowers with rates above 6% report significantly higher stress,...
Promethean Builders, AccuWeather Ink 17K SF In Deals at Chelsea Tower
Promethean Builders and AccuWeather have together leased 16,783 square feet in GFP Real Estate’s 322 Eighth Avenue, a Class B office tower in Manhattan’s Chelsea neighborhood. Promethean signed a seven‑year lease for the entire 13th‑floor, 10,200‑square‑foot space, while AccuWeather took a five‑year...
Cottonwood Group, City of Boston Provide $172M Construction Loan for Housing Complex
Cottonwood Group, the City of Boston, Leggat McCall Properties and Joseph J. Corcoran Company have secured a $172 million construction loan to build a nine‑story, 266‑unit mixed‑income building in Boston’s Charlestown Bunker Hill redevelopment. Cottonwood is providing $122 million in debt while...
Images: Opening Nears for Atlanta's First Indoor Farmers Market
Atlanta is converting a vacant Collier Road office‑warehouse complex into Upper West Market, the city’s first climate‑controlled indoor farmers market. The development features a 9,000‑square‑foot, 33‑stall vendor hall with 13,000 square feet of office space above, and a second building...
Office, Multifamily Distress Push CMBS Special Servicing Rate Higher
The Trepp CMBS special‑servicing rate jumped 27 basis points in March, reaching 11%, the highest level in over a year. Office‑backed loans drove the surge, accounting for more than half of the roughly $2.9 billion in debt that moved to special...
Workforce Housing Mogul Bob Hart Knows His Market Well
TruAmerica Multifamily announced the closing of a $708 million workforce housing fund, its second large‑scale capital vehicle aimed at building affordable rental apartments across the United States. The fund, raised from a mix of domestic and international investors, adds to TruAmerica’s...
Nscale Teams up with Fortum for Data Center in Harjavalta, Finland
Neocloud Nscale has teamed with Finnish energy firm Fortum to develop a new data‑center in Harjavalta’s Sievari industrial area, on land owned by the town. Fortum will act as the site‑development partner, while Nscale negotiates a preliminary land purchase. The...
Don't Expect an NYC Exodus Under Mamdani, Says Veteran Broker
Veteran broker Kevin Leibowitz says the sensational headlines about a mass exodus from New York City under Mayor Zohran Mamdani are unfounded. He notes the market has moved from a pandemic‑driven seller’s frenzy to a more balanced buyer‑seller environment, though a housing...
Rising Rates Weigh on Mortgage Activity
Mortgage activity slipped in March as the average 30‑year fixed rate climbed to 6.37%, up 13 basis points from February. The Mortgage Bankers Association’s Market Composite Index fell 4.3% month‑over‑month, though it remains 30.8% above a year ago. Refinance applications...
Investment Giant Puts £2B Into Building Housing
Dutch pension fund ABP, via APG Asset Management, has committed €350 million together with CBRE Investment Management to build 1,000 senior‑housing rental units in the Netherlands, half of which will be affordable. The deal brings ABP’s total housing investment to €2.2 billion...
In New York City, the Ballot Is the New Zoning Map
The article argues that New York City real‑estate valuation now hinges on a fourth variable—voter behavior—because council elections decide zoning outcomes. Low‑turnout primaries often select a small, motivated electorate that shapes rezoning approvals and housing supply. As a result, two...
Newmark: AI Adoption Makes Quick, Broad-Based Office Recovery Unlikely
Newmark’s latest research predicts office‑using employment will remain flat through 2030 while vacancy nudges higher, making a broad‑based office recovery unlikely. In its base case, vacancy rises 10 basis points to about 21% despite modest job growth, and faster AI...
Areim Adds Six Light Industrial Properties to Portfolio
Areim announced the acquisition of six light‑industrial properties, bringing its total holdings to roughly 110 assets. The new sites expand the company's footprint in the fast‑growing industrial segment, which has benefited from e‑commerce and supply‑chain reshoring. Areim’s continued buying underscores...
MF1 Lends $170M for Flatbush Multifamily Development
MF1 Capital has extended a $170 million refinancing loan to Clipper Equity for its 354‑unit multifamily project at 2366 Bedford Avenue in Flatbush, Brooklyn. The loan replaces a $140 million construction facility previously supplied by Scale Lending and is part of a...
How NEXA Created a Servicing-Based Incentive for LOs
NEXA Lending has unveiled a compliant incentive program that ties loan officers' compensation to the long‑term value of mortgage servicing rights (MSRs). The model grants eligible originators a share of recurring servicing revenue and full access to loan performance data...
Construction In D.C. Plummets To 15-Year Low Point
In 2025 Washington, D.C. saw only 3.6 million square feet of new construction, the lowest level since at least 2010 and a 27% drop from 2024. Groundbreakings fell 68% from the 2022 pandemic peak, with office, hospitality, and quality‑of‑life projects contracting...
Lakeside Farms Coqueiros Beach / Estúdio Vinicius Macêdo + Novais Arquitetura
Lakeside Farms Coqueiros Beach, designed by Estúdio Vinícius Macêdo and Novais Arquitetura, introduces a two‑level club that frames the lagoon view without obstruction. The upper level features a linear plaza and lookout, while the lower level houses a gourmet deck, party...
Karl Lagerfeld’s Former Storybook Manor Outside Paris Hits the Market for $3.1 Million
Karl Lagerfeld’s former 18th‑century manor outside Paris, Manoir du Mée, is now on the market for roughly $3.1 million (≈ $2.9 million). The 5,400‑square‑foot estate sits on 1.2 acres and offers seven en‑suite bedrooms, a chef’s kitchen, a crimson billiards room, and a...
ABP, CBRE IM Launch €350m Dutch Senior Housing Strategy
ABP Pension Fund and CBRE Investment Management have launched a €350 million vehicle to develop sustainable, affordable senior rental housing in the Netherlands. The strategy plans to deliver roughly 1,000 new senior homes, with more than 50 % aimed at the affordable...
Tenant Turner Releases AI Virtual Agent Beta to Automate Lead Conversations and Schedule Showings Faster
Tenant Turner has launched a beta version of its AI Virtual Agent, a conversational tool that automates routine prospect inquiries and pre‑qualification for rental listings. The agent operates 24/7 via a web widget and SMS, instantly answering common questions and...
Here’s an Overlooked Reason the Housing Market Could Soon Get Even Worse
Seaport analyst Kenneth Zener reversed his bullish stance on U.S. home builders, downgrading seven stocks to sell and three to neutral. He cites weakening job growth and a declining break‑even employment rate as the primary risk, arguing that the market...
New York City’s Rent-Stabilized Buildings Are Becoming a Long-Term Hold
Rent‑stabilized apartments in New York City have seen values plunge 30‑50% since the 2019 Housing Rent and Tenant Protection Act, and transaction volume fell sharply from $4.8 billion in 2015 to $1.1 billion in 2023. The law caps rent increases and prevents...
Columbia Threadneedle Puts Manchester Private Jet Facility up for Sale
Columbia Threadneedle is marketing its Manchester Airport private‑jet facility for £9.5 million (approximately $12.2 million), delivering a net initial yield of 6%. The 33,755 sq ft hangar, plus 20,667 sq ft of adjoining land, is the only airside jet hangar at the airport with direct runway...
Barry Sternlicht’s LNR Sells Scribner Building to Aurora Capital for $54M
LNR Partners, a Starwood affiliate, sold the 597‑599 Fifth Avenue complex—including the historic 12‑story Scribner Building—to Aurora Capital for $54 million. The price reflects a roughly 35% discount to the $84 million valuation recorded after Starwood Property Trust’s January 2024 foreclosure. The...
Kansai Airports to Open New Stores at KIX in June
Kansai Airports announced that 24 new retail outlets will open in the international departure area of Kansai International Airport on June 2, 2026. The stores are part of Phase 4 of the Terminal 1 renovation, which began in 2021 and will finalize a five‑year...
Another Batch of Renderings Revealed for the Massive OC Vibe Complex in Anaheim
The Samueli family’s $5 billion OC Vibe project is reshaping a 100‑acre site in Anaheim adjacent to the Honda Center and ARTIC transit hub. Recent renderings highlight 20 acres of open space featuring three miles of trails, an outdoor art gallery,...
Why the War in Iran Will Make Your UK Mortgage More Expensive
The Iran‑Iran war that erupted on Feb 28 2026 has sent oil, gas and fertilizer prices soaring worldwide. In the United Kingdom, the shock has lifted inflation expectations and driven gilt yields higher, forcing two‑year fixed mortgage rates to jump from roughly...
Five-Story Apartment Complex Take Shape at 1000 N. Alfred Street in Hollywood
Brennen Hakimian Holdings is constructing a five‑story, 67‑unit multifamily building at 1000 N. Alfred Street in Hollywood. The development offers a range of unit sizes from studios to six‑bedroom apartments and includes subterranean parking for 43 vehicles. City‑approved density‑bonus incentives...
Slow Progress for Mixed-Use Development at 401 S. Western in Koreatown
Construction on the 401 S Western mixed‑use project in Koreatown is moving slowly after a year‑and‑a‑half of work. The six‑story building will contain 73 one‑ and two‑bedroom apartments above roughly 7,000 sq ft of street‑level commercial space, plus an 87‑car underground garage. Ennabe Properties...
RET Ventures Launches First AI-Native Accelerator for Multifamily
RET Ventures announced the launch of an AI‑native accelerator focused on early‑stage proptech startups serving the multifamily market. The inaugural cohort features Brightplace, an AI apartment‑search platform, and LeasingAI, which optimizes visibility on generative search engines like ChatGPT and Gemini....
Plan Commission Will Review Development at 7603 N. Paulina
Chicago’s Plan Commission will consider a mixed‑use workforce housing project at 7603 N. Paulina. Developed by Housing for All LLC and Visionary Ventures, the plan adds 80 affordable, family‑size apartments—60 in a new eight‑story tower and 20 within the historic...
War Adds ‘Uncertainty Premium’ to Canadian Mortgages as Fixed Rates Jump
A Middle‑East conflict has pushed Canadian bond yields higher, adding an "uncertainty premium" to fixed‑rate mortgages. In three weeks, three‑ and five‑year rates jumped about 0.5 percentage points, taking the five‑year average to roughly 4.95%. About 1.4 million mortgages—23% of the...
3M SF JPMorgan Tower Off The Runway As Height Agreement Reached With Airport
JPMorgan Chase has secured permission from London City Airport to construct a 3‑million‑square‑foot headquarters tower at Canary Wharf, capped at 870 feet. Designed by Foster + Partners, the development will house up to 12,000 staff and serve as the bank’s European, Middle‑East and...
Vagabond Wines Brings Largest Flagship Venue to Soho
Vagabond Wines, part of the Majestic Wine Group, will launch its largest flagship—a 6,300 sq ft self‑pour wine bar—at 14‑16 Ganton Street in Soho this summer. The venue will feature more than 120 wines by the glass, many sourced from vineyards within...
Build, Baby Build: OWow to Break Ground with First Fully Affordable Plyscraper
Oakland developer oWow, backed by Community HousingWorks, will break ground on an 11‑storey post‑and‑plate mass‑timber tower at 1523 Harrison Street. The $10.2 million land purchase and $39.6 million municipal financing fund a fully affordable project delivering 284 units, all LIHTC‑financed. The building’s...
House Meriportti / LUO Architects
House Meriportti, a 203 m² family residence designed by LUO Architects, sits beside a historic harbour and serves as a literal gateway to the sea. The timber‑clad home creates a sheltered three‑sided courtyard that buffers harsh sea winds while large windows...
Green Light for Zaha Hadid Architects’ £350m Bristol Temple Quarter Scheme
Zaha Hadid Architects has secured planning approval for a £350 million mixed‑use development in Bristol’s Temple Quarter. The scheme will deliver office space, residential units, a university campus extension, and public amenities across a former rail site. Designed by the award‑winning firm,...
Green Light for Zaha Hadid Architects’ £350m Bristol Temple Quarter Scheme
Bristol City Council approved Zaha Hadid Architects' £350 million mixed‑use Temple Quarter development. Commissioned by Legal & General, the scheme features two office towers, a 163‑room hotel, a flexible commercial building and up to 520 homes across four residential blocks. The first office...
Trina Turk Lists Her Midcentury-Modern Palm Springs Flip
Fashion designer Trina Turk purchased a dilapidated 1963 mid‑century modern home in Palm Springs for $1.251 million in late 2024, then oversaw a comprehensive renovation that restored original architectural elements and added her signature retro flair. The 2,286‑sq‑ft property, renamed Soleil...
Phoenix, Houston, and Other U.S. Counties See Wages Outpace Home Prices in 2026
Between Q1 2025 and Q1 2026, wages grew faster than home prices in 64% of the 580 counties examined by ATTOM. National weekly wages rose 6.4% while median home values increased 8% since Q1 2024, creating a widening affordability gap. Counties such as...
Lands’ End’s Store Fleet Emerges as a Growth Engine in a New Strategic Era – Placer.ai Blog
Heritage apparel retailer Lands’ End is turning its physical store fleet into a growth engine as foot‑traffic data shows visits outpacing the broader apparel category. The brand’s remaining stores maintain positive visit rates despite recent closures, indicating effective optimization. Demographic...
Missed Opportunity for OxSRFI: Heyford Park Town Status Proposal Dropped
The UK government’s shortlist of seven preferred sites for new towns omitted Heyford Park, a 505‑hectare brownfield site in Oxfordshire slated for over 13,000 homes. The location sits beside the proposed Oxfordshire Strategic Rail Freight Interchange (OxSRFI), which could have...
Frozen Housing Market Squeezes First-Time Buyers as Canadians Stay Put
A March 2026 CPA Canada survey shows the housing market is becoming increasingly stagnant, with 55% of owners planning to stay put, limiting turnover for first‑time buyers. Affordability concerns are rising, as 46% say homeownership is getting harder and many...
Berkeley Fires up 1,000-Home Sutton Scheme
London‑based developer Berkeley has launched the Sutton scheme, a 5.6‑acre brownfield redevelopment in Sutton that will deliver around 1,000 homes across eight mid‑rise towers. The mixed‑use project includes 8,500 sq ft of commercial space, 1.1 acres of public green area and a suite...
81 Housing Units / Ramdam Architectes + Palast
Ramdam Architects and Palast have completed an 81‑unit residential block in Nantes, converting the historic Caserne Mellinet barracks into modern housing. The development features a wooden structural frame clad in prefabricated hemp‑crete panels with lime plaster façades. Designed to dialogue with...
Wang Fuk Court Briefing to Give Residents Answers Before Decisions Are Made: Minister
Hong Kong’s Home Affairs Secretary Alice Mak announced a pre‑meeting briefing for residents of Wang Fuk Court, the Tai Po estate devastated by a November fire that killed 168 people. The briefing, organized by interim manager Hop On Management, will address refund of the...
4-Storey Mass Timber Office Puts Crane Over Cyclone-Hit Hastings
A four‑storey, 5,000 sqm mass‑timber office is under construction in Hastings, funded through a $2.5 million sale‑and‑leaseback with developer Tumu Property. The council will lease back 1,950 sqm, consolidating 80 staff into one building while keeping capital off its balance sheet amid rising...