Several Chinatown Buildings Find a Single Buyer for $21M
An unidentified investor, operating through the LLC 99‑91 Canal Project, purchased a cluster of commercial buildings at 99‑105, 95‑97 and 91 Canal Street in Manhattan’s Chinatown for $21.14 million. The properties, registered as office buildings with ground‑floor storefronts, include the artist‑run nonprofit 99Canal on the sixth floor. The same Catskill‑based entity also bought 93 Canal Street for $1.48 million, while the original sellers retain only 89 Canal Street from the 2019 acquisition. Attorneys Nicholas Donovan and Jay Lau facilitated the transactions.
Buyers Finally Have Leverage in the Housing Market. Here Are 3 Smart Ways...
U.S. homebuyers are regaining leverage as the market cools, prompting sellers to offer concessions rather than price cuts. In Charlotte, agents report $5,000 closing‑cost credits on $355,000 listings, and nationwide data show 67% of sellers covered buyer closing costs in...
Infinity Funds Refis Midtown East Apartments With $38M Loan
Infinity Funds has provided a $37.5 million loan to refinance Dalan Real Estate’s 164‑unit Midtown East multifamily building, The Centra, at 230 East 44th Street. The 14‑story, 135,315‑square‑foot property sits on a 91‑year ground lease and includes about 5,000 sq ft of commercial space leased to...
Miami Worldcenter Retail Property Sells for $210M
Jamestown and partners purchased the 272,966‑square‑foot retail portion of Miami Worldcenter for $210 million, including the 80,000‑sq‑ft Jewel Box building. The asset, now 97% leased, hosts marquee tenants such as Apple, Lululemon and Lucid Motors. It forms part of the $6 billion,...
Maersk Adds Major New Jersey Hub Near Port Newark-Elizabeth
Maersk has signed a lease for a 233,000‑square‑foot ground‑freight hub in Linden, New Jersey, adjacent to the Port Newark‑Elizabeth complex. The facility will handle both full‑truck‑load and less‑than‑truck‑load shipments, linking warehouse operations to inland delivery networks across the United States. Its...
‘I Plan to Take Out a Mortgage’: My Father Died. Should I Buy the Family Home From My Mom at...
The Moneyist column addresses a reader whose father recently died and who wants to buy the family home from his mother at a 40% discount, using a mortgage to settle the existing loan and pay siblings. The mother inherited the...
FTC Seeks Public Input on Junk Fee Rule for Rental Housing
The Federal Trade Commission has issued an Advance Notice of Proposed Rulemaking to curb undisclosed "junk fees" in rental housing, seeking public comment by April 13. The agency’s focus follows high‑profile settlements—$48 million with Invitation Homes and $23 million with Greystar—highlighting deceptive rent...
Punch List: Turner Files $7M Lien, NYC Skyscrapers Are World’s Most Expensive
Turner Construction filed a $7 million lien on the $180 million Fairmont Heritage Place The Cedars condo project in Hendersonville, North Carolina, after stopping work and removing its crane. The lien reflects rising payment pressures in the multifamily sector, where delinquencies have...
2028 Olympics Hospitality Team Signs Big Office Lease in Downtown L.A.
On Location, the official hospitality provider for the 2028 Los Angeles Summer Olympics, signed a 108,272‑square‑foot lease at the 40‑story Union Bank Plaza, covering roughly 15 percent of the building’s rentable area. The lease terms were undisclosed, but the move...
How High-Performance Roofing Can Prepare Your Building for Extreme Weather
The piece explains how high‑performance roofing can shield commercial properties from extreme weather such as tornadoes, hurricanes, and severe hail. It identifies typical roof failure points—wind uplift, debris impact, and hail punctures—and stresses the value of regular inspections and maintenance....
NYSE’s Ron Bohlert on Early 2026 REIT Market Trends, Texas Expansion
Ron Bohlert, NYSE real‑estate director, warned that early 2026 REIT momentum is fading after a late‑2025 AI‑driven rally. Investors are re‑evaluating growth amid heavy capital spending, pressuring tech stocks while boosting defensive REITs. Geopolitical tensions and rising oil prices have...
Construction Goes Vertical for Mixed-Use Project at 6052 W. Olympic Blvd.
A new tower crane signals the start of Jacmar Cos.'s mixed‑use development at 6052 W. Olympic Boulevard in Mid‑Wilshire. The six‑story building will house 120 studio, one‑ and two‑bedroom apartments above 5,135 sq ft of ground‑floor retail and a two‑level, 132‑car underground garage....
89-Unit Affordable Housing Development on the Rise at 910 N. Wetherly Dr. In West Hollywood
West Hollywood Community Housing Corp. is constructing a seven‑story, 89‑unit affordable housing complex at 910 N. Wetherly Drive, slated for completion in 2027. The development will offer studio, one‑, two‑ and three‑bedroom units with 66 parking spaces, reserved for households...
Despite Sluggish Start, Manhattan Office Leasing Rallies to Strong Quarter
Manhattan office leasing rebounded in Q1 2026, reaching 11.8 million square feet—a 3.4% year‑over‑year gain and the strongest first quarter since 2014. Average asking rent rose to $77.55 per square foot, up 2% quarter‑over‑quarter and 4% year‑over‑year. The surge was anchored...
Sobha Q4 Biz Update: Sales Rise 11% YoY to Rs 2,039 Crore as Company Closes FY26 with Record Figures
Sobha Ltd reported Q4 sales of Rs 2,039 crore (≈US$245 million), an 11% year‑on‑year increase, driven by strong demand in Bangalore and the NCR. The average price per square foot rose to Rs 15,268 (≈US$184), up from Rs 11,781 a year earlier. For the full...
Labour Must Reform Biodiversity Laws to Boost Housebuilding, Trade Body Says
Housebuilders, represented by the Home Builders Federation, say the UK’s Biodiversity Net Gain (BNG) scheme adds costly delays to new projects, threatening Labour’s pledge to deliver 1.5 million homes by the next election. The 2021‑introduced rule requires a minimum 10% boost...
The MLS Will Evolve. Who Gets to Shape What Comes Next?
Industry leaders are questioning the future of the Multiple Listing Service (MLS) as major players like Compass, Redfin, Zillow and Realtor.com launch private or pre‑market listing platforms. These initiatives highlight the MLS's enduring role as the most reliable source of...
Power, People, Parts: Supply and Demand on Data Center Jobsites
Data center construction is hitting a perfect storm of delays, with more than half of 2025 projects slipping three months or longer. The primary culprits are power availability, skilled‑labor shortages, and procurement bottlenecks for critical components. Developers are moving to...
SHR Lifestyles Plans Major Retail Expansion, Targets US $97 Million Revenue by 2030
SHR Lifestyles, the parent of the SHREE ethnic‑wear brand, announced a plan to more than double its Indian store network to roughly 300 outlets within three years. The company targets Rs 900 crore (about $97 million) in revenue by 2030, up from the...
Mansion Tax to Hit 165,000 Homeowners
The UK mansion tax, slated for April 2028, will affect about 165,000 homeowners—45,000 more than initially projected. It imposes a surcharge of up to $9,400 on properties valued above $6.3 million, with the lowest band starting at $3.1 million. The Office for...
Could that Mortgage Relief Offer Be a Scam?
Homeowners facing payment difficulties are increasingly targeted by mortgage‑relief scams that promise loan modifications or foreclosure avoidance in exchange for upfront fees. Scammers typically demand hard‑to‑recover payment methods such as cashier’s checks, wire transfers, or mobile‑app payments, and may even...
Rocket Leads UWM in 2025 HMDA Loan Count, Trails in Volume
Rocket Mortgage edged United Wholesale Mortgage in loan count for 2025, originating 429,332 loans (6.33% market share) versus UWM’s 422,120 (6.25%). However, UWM kept a clear lead in dollar volume, with $164.32 billion compared with Rocket’s $116.16 billion. The split reflects differing...
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-1287351484-3440fd3da707406e887aca6de506cb98.jpg)
5 Best Affordable Retirement Spots in Australia for a Comfortable Lifestyle
A new guide highlights five Australian cities—Hobart, Adelaide, Coffs Harbour, Toowoomba and Launceston—as affordable retirement destinations for Americans. While median home prices range from $416,000 to $592,000, day‑to‑day expenses are 15%‑35% lower than comparable U.S. locales. Each city boasts a...
$650,000 Homes in Portugal
A two‑bedroom, 1,420‑sq‑ft duplex in Almada, Portugal, is listed for $655,000 (≈ $615,850). The property, renovated in 2021, features a modern kitchen, balcony, terrace and off‑site parking, with annual taxes around $230 and no condominium fee. Its location offers quick ferry...
Best Western Plus Sets P600-M Subic Hotel Expansion
Best Western Plus Hotel Subic announced a P600‑million (≈$10.8 million USD) expansion to add a new building. The project will add 120 rooms, commercial spaces, a three‑floor parking garage, restaurants and parks, extending the existing five‑storey, 94‑room property. Construction is slated...
Piecemeal over Portfolios: Selective Industrial Buys and Exits Show a Sharpshooting Template Ahead
In the latest PERE Podcast, EQT detailed its recent pattern of industrial property sales and acquisitions, highlighting a shift from large‑scale portfolio transactions to targeted, asset‑by‑asset deals. The firm is prioritising bespoke industrial assets that align with evolving logistics demand...
Pumps and Property: Global Oil Tensions Could Cloud Housing
Rising tensions with Iran have driven global oil prices higher, pushing gasoline costs up and stoking inflation concerns. In the United States, mortgage rates climbed to a six‑month peak of 6.57% for a 30‑year fixed loan, while existing‑home inventory reached...
Oil Price Increases Vs. Cap Rates
CBRE notes that the recent jump in Brent crude from about $70 to $115 per barrel has a modest direct effect on commercial real‑estate cap rates, but indirect pressures are mounting. Higher energy costs threaten tenant margins and could dampen...
Younger Partners Investments Buys Fort Worth Retail Portfolio
Dallas-based Younger Partners Investments (YPI) announced the purchase of the Presidio Junction retail portfolio in North Fort Worth, covering 66 acres and 375,000 square feet of fully leased space. The three contiguous shopping centers are shadow‑anchored by Costco and Target...
Snow Country: How Niseko Became Japan's Ski and Property Boomtown
Over the past three decades, Niseko in western Hokkaido has transformed from a quiet ski village into Japan’s premier luxury ski and property boomtown. A wave of domestic and foreign capital has driven the construction of high‑end resorts and villas,...
From Property Taxes to HOA Fee Deductions, 7 Last Minute Homeowner Tax Questions Answered by Expert Adviser
With the April 15, 2026 deadline looming, homeowners are racing to claim new tax benefits before filing. The Residential Clean Energy Credit still offers a 30% deduction for solar systems installed in 2025, while mortgage‑interest deductions are capped at $750,000 for loans...
Wyoming Woos Google, Microsoft, and Meta To Build More AI Data Centers in the State
Wyoming is courting the AI data‑center boom by hosting a closed‑door Data x Power summit that brought together Google, Microsoft, Meta, Amazon and energy firms. The state already operates 21 data centers and is promoting its abundant, low‑cost electricity, tax‑free environment and...
Harbor Group’s 55 Broadway Draws Tenants From Planned Resi Conversions
CBRE finalized 77,000 square feet of office leases at 55 Broadway over the past six months, adding AFS Intercultural Programs, Argus Research Group, Axon Health and Meaden & Moore as new occupants. Existing tenants such as Summit Management and 1000 Heads also renewed and...
MBK Rental Living Opens Doors to Santa Maria Project
MBK Rental Living announced that leasing has begun at Las Brisas, a new 340‑unit luxury apartment community in Santa Maria, California. The development offers one‑, two‑ and three‑bedroom units ranging from 739 to 1,295 square feet. Residents can access a resort‑style...
Ardent Opens Bridgeport Self-Storage, Ninth to Be Delivered in Development Fund
Ardent Companies opened a new Class A self‑storage facility in Bridgeport, Connecticut. The five‑story, 127,411‑sq‑ft building, developed with Diamond Point Development and operated by Extra Space Storage, is the ninth asset delivered under Ardent’s Self‑Storage Development Fund II. The opening follows strong...
New Plans for Bronx Site Where Earlier Project Led to Bankruptcy Filings
Dynamic Star has submitted a new plan to erect a 34‑story, 368,469‑square‑foot mixed‑use tower at 360 West Fordham Road in the Bronx. The site, previously part of the ambitious Fordham Landing affordable‑housing project that aimed for 927 low‑income units, is...
Congress Pitches Expanding Farm Credit System To Help Rural Homebuyers
A bipartisan Senate bill (S.4182) would amend the 1971 Farm Credit Act to broaden the definition of rural areas from towns under 2,500 residents to those under 10,000. The change would make an additional 29.9 million homebuyers eligible for flexible Farm...
UCB's $14M Land Buy Clears Way for $2B Drug Manufacturing Plant: The Atlanta Deal Sheet
UCB’s U.S. arm purchased 117 acres from the Rowen Foundation for $14.3 million, clearing the site for a planned 460,000‑square‑foot drug manufacturing complex in Gwinnett County. The $2 billion plant, slated for completion in five to six years, will employ roughly 330...
Selling a Home This Spring? How to Manage Risk and Taxes
Homeowners planning to sell in the spring face both market opportunities and tax considerations. Rising buyer activity typically lifts prices, but timing and local inventory can affect risk. Sellers must navigate capital gains rules, including the $250,000/$500,000 primary residence exclusion...
Georgia Has $3.3 Billion in Unclaimed Property. New Bill Aims To Give Some Residents a Check.
Georgia’s Senate Bill 403 proposes that the Department of Revenue automatically issue checks for unclaimed property balances under $500, targeting the $3.3 billion currently held by the state. The bill would cross‑reference tax filings with the unclaimed‑property database, shifting the burden...
NAI Hiffman's Adam Johnson: Office Is Recovering, Adjusting To New Reality
Office sales surged 35% nationwide in 2025, and leasing activity rose over 5% YoY, driving vacancy rates down to 18.4%. In Chicago, large‑scale transactions like the $55 M 190 South LaSalle sale highlight a headline‑grabbing rebound, yet Adam Johnson of NAI Hiffman warns the...
Shvo Gets $34M In $691M Transamerica Pyramid Sale
Michael Shvo’s consortium sold San Francisco’s iconic Transamerica Pyramid to Cyprus‑based Yoda PLC for $691 million, earning Shvo a $34 million commission. The owners, who invested nearly $1 billion—including a $650 million 2020 purchase and extensive renovations—realized a loss on the transaction. Yoda PLC...
Mount Sinai OB-GYN Groups Relocate to 7K SF at 348 Amsterdam Avenue
Mount Sinai’s two OB‑GYN faculty practice groups are moving to a 7,000‑sq‑ft medical office at 348 Amsterdam Avenue on the Upper West Side. The space, formerly a Modell’s sporting‑goods store, is being gutted and will reopen in June with obstetrics,...
The Provincetown Independent’s Reporters Couldn’t Find Housing. So the Local Journalism Project Bought a Condo for Them to Rent.
The Local Journalism Project (LJP), the nonprofit arm of the Provincetown Independent, raised $500,000 in two months and bought a three‑bedroom, three‑bath condo for just under $1.5 million to house three early‑career reporters. The reporters now pay roughly 30% of their...
Publix Opens New Supermarket In Spring Hill, FL
Publix opened its newest 48,387‑square‑foot supermarket on April 2 at Seven Hills, 160 Mariner Blvd., Spring Hill, Florida. The store features a full‑service bakery, deli, seafood, pharmacy and an upstairs seating area designed for on‑site dining. Contactless payment, Instacart grocery and...
First Look at New York City’s Tallest Luxury Residential Tower on Iconic Fifth Avenue
New York City’s skyline will gain its tallest luxury residential tower at 262 Fifth Avenue, a 860‑foot, 52‑story development by Five Points Development Group. Designed by Meganom with interiors by Norm Architects, the building offers 26 full‑floor and duplex residences...
Denver Downtown Development Authority To Spend $5.2M Upgrading The Pavilions
The Denver Downtown Development Authority (DDDA) will invest $5.2 million to repair the Denver Pavilions’ parking garage and install a fixed roof, with construction slated to begin within 30 days and run 18 months. The garage overhaul, costing $3.8 million, includes a...
Mortgage Rates Climb for 5th Week as Iran War Weighs on U.S. Housing Market
The average 30‑year fixed mortgage rate rose to 6.46% on Thursday, according to Freddie Mac, marking a five‑week streak of increases and the highest level since early September. The climb follows a dip below 6% earlier in the year, which was...
Walton Global Courts Investors For U.S. Fund As Money Starts Shifting Away From Gulf
Walton Global has launched the U.S. Land Income & Growth Fund, a Shariah‑compliant vehicle aimed at offshore investors, especially in Asia and the Middle East. The fund seeks to acquire undeveloped, pre‑entitled land in high‑growth U.S. markets such as Dallas‑Fort Worth,...
UK Build-to-Rent Sector Records Strongest Start Since 2022
The UK build‑to‑rent (BTR) market posted its strongest first‑quarter performance since 2022, with Savills reporting roughly £1.2 billion (about $1.55 billion) in transaction volume. Investor appetite surged, driving a 30% year‑over‑year increase in deals and pushing average yields to 5.5% on fully‑let...