JLL has announced plans to acquire data center service provider Skae Power Solutions to bolster its technical services division amidst the surging demand for data centers and power in the industry.

Pam Frentzel-Beyme takes on role as director of real estate for D.C.'s major development projects, replacing longstanding predecessor.

Thor Equities plans to build a $3B project in Coney Island, including a casino, hotel, convention center, retail space, concert venue, and public open space, aiming to revitalize the area as a year-round destination.

Construction on The RO, a 17-acre mixed-use project in Houston, is set to begin this summer, including office, retail, and multifamily components, with a condo-hotel operated by Auberge Resorts Collection and underground parking.

Thor Equities is refining its casino proposal for Coney Island, Brooklyn, which will be known as The Coney and include a hotel, concert venue, retail space, and meeting space to provide economic support to the community.

Boston's hotel market remains strong despite high interest rates and a lack of supply, with investors showing confidence in the long-term prospects of the city.

ICSC's annual retail convention in Las Vegas will feature workshops, competitions, and keynote speakers that will leave attendees exhausted but inspired by new insights into the retail industry.

Superyacht agency Burgess relocates to upscale office space in Midtown Manhattan, emphasizing sophistication and prestige in the Plaza District.

Despite challenges in the real estate market, L.A. County is projected to see a 4.75 percent increase in taxable property values in 2024, surpassing $2 trillion total value for the first time.

Ashford Hospitality Trust quickly reinstates two directors after failed reelection bid and alleged proxy campaign by activist investor Blackwells Capital.

El Palacio de los Jugos is expanding to Miami Lakes, marking its 11th location in Miami-Dade County.

Petros PACE Finance launches lending platform for condominium projects utilizing C-PACE loans with shorter terms to fit development cycle and meet demand in coastal areas.

Despite challenges such as high interest rates and the war in Gaza, Israel-based real estate investment management platform Agora successfully closed a $34 million Series B funding round led by Qumra Capital, Insight Partners, and Aleph, enabling the company to expand its U.S. operations and global footprint.

Chesapeake Real Estate Group appoints Gene Parker as president to lead expansion into commercial office and retail space in the mid-Atlantic region, aiming to grow portfolio by $250 million in the next five years.

Ares Industrial Real Estate Income Trust secures a $220 million refinance for a diverse industrial portfolio spread across the United States.

A new report from RealPage shows that deep apartment rent cuts are concentrated in fast-growing submarkets with Class B and C properties, while Class A rents mostly increased despite new supply.

Special servicing on CMBS loans saw an 80-basis point increase in April, reaching 8.11%, the highest monthly gain in almost four years, with retail, office, and multifamily properties experiencing the biggest shifts.

Marcus & Millichap's John Chang discusses the Fed's cautious stance on interest rates, the challenges of predicting a soft landing, and potential indicators of a recession in the commercial real estate sector.

The resurgence of in-person shopping leads to predictions of surpassing pre-pandemic foot traffic levels in prime trade areas, with retailers experiencing increased sales and landlords benefiting from rising rents.

OpenAI released GPT-4o, a new version of ChatGPT, claiming it can reason across audio, vision, and text in real time, but caution and patience are advised when adopting new technology.

The Port of Savannah's industrial market is booming with record-setting warehouse trades as the port invests in expansion to compete with top West Coast ports.

Nome Capital Partners led a buying group in acquiring the Pleasanton Corporate Commons office campus for $151.8M, which includes 1.2 acres of land and is located in a prime East Bay location near the Stoneridge Shopping Center.

American Eagle Outfitters is closing its Union Square mall store early and suing former owners for allegedly failing to address safety issues at the mall.

Piedmont Office Realty Trust signs largest lease in Downtown Orlando since 2019 with Travel + Leisure for corporate headquarters, planning renovations and new amenities.

Commercial real estate property sales in New York City saw significant declines in the first quarter of 2024, with the multifamily market outperforming other property classes.

Nick Wibbenmeyer, President and CIO of Regency Centers, emphasizes the importance of expertise, relationships, and capital in successful project execution amidst higher interest rates and uncertainty in the market.

A multimillion-dollar wharf project, the One River Marina, is set to bring a new entertainment and marina development to northeast Philly, featuring boat services, restaurants, and amenities on 6 acres of land between Tacony and Mayfair.

Efforts to provide adequate affordable student housing in California, particularly at community colleges, have barely begun amidst a statewide affordable housing shortage and budget shortfall, requiring complex public-private partnerships and innovative financing solutions.

The Power Beacons group of women in commercial real estate has launched a campaign to raise awareness of sexual harassment and assault at industry conferences and events.

Cambridge City Council proposes zoning measure allowing six-story apartment buildings citywide to address housing shortage, facing opposition from local resident group.

California's population sees slight rebound but still remains below pre-pandemic levels due to housing affordability issues and outmigration.

The Dallas Morning News is downsizing its print operations, moving to a smaller facility in Carrollton in order to save money and maintain profitability.

The parent company of Dom's Kitchen & Market and Foxtrot Market filed for Chapter 7 bankruptcy, leaving employees, suppliers, and customers in uncertainty, but the brand's founder may attempt to restart the brand.

Eric Benaim, the CEO of Modern Spaces, is expanding his real estate firm into South Florida, starting with a $24M purchase in Wynwood as he waits for the market to mature before redevelopment.

Italian glass mosaic designer Bisazza is relocating its New York flagship from Chelsea to Midtown South's Madison Avenue, signing a 10-year lease at $200 per square foot for a new location that will offer a one-stop shop experience for designers in the area.

NYCB is selling $5B in mortgage warehouse loans to JPMorgan Chase to improve capital and liquidity, boosting shares by 3%.

BH Properties has offered $10 million in financing to the owners of the Oceanwide Plaza development in Downtown Los Angeles as they navigate bankruptcy and seek to pay for security, legal services, and more.

An $87.5 million loan secured by Jamison Properties' Equitable Plaza in Los Angeles has been sent to special servicing due to an imminent maturity default, leading to concerns about the building's future in light of declining occupancy and tenant departures.

Baptist Health South Florida purchases vacant site in Pembroke Pines for $13.2 million to build a new medical facility.

New York Community Bank sells $5 billion in residential mortgage warehouse loans to J.P. Morgan Chase to improve liquidity after suffering major losses in commercial real estate loans.

The value of a large corporate park in suburban Baltimore has plummeted over 75% post-pandemic, with the property now in foreclosure as its sole tenant has moved to a smaller space, reflecting ongoing financial challenges in the commercial office space sector.

Elon Musk's impact on Texas commercial real estate is undeniable, but concerns arise over unpaid bills from contractors and suppliers.

The $95 million CMBS loan secured by a prewar office building in Midtown Manhattan has been sent to special servicing due to an imminent maturity default, impacting over 10 percent of a CMBS conduit package.

Investors are increasingly favoring shallow-bay industrial properties over traditional bulk distribution centers in the Atlanta Metro area due to higher demand, better supply and demand fundamentals, and greater flexibility for tenants.

Industrial sales in Southern California's Inland Empire have slowed down, but Stockbridge acquired a 540,478-square-foot industrial portfolio in Ontario for $142.3 million, showing that nine-figure deals are still happening in the region.

Goldman Sachs is expanding its real estate lending opportunities to Australia, raising $3.6 billion for a new fund focusing on residential assets.

A new mixed-use development in Tysons, Va, including residential, office, and retail space, is planned for a site once considered for a casino but now being marketed by CBRE for sale in three separate parcels.

Billionaire real estate magnate Frank McCourt plans to purchase and rebuild TikTok using his proprietary technology to put control of personal data back in users' hands.

Merit Homes has secured $39 million to refinance Bloom Apartments in Kirkland, Washington, with financing provided by Bridge Investment Group and arranged by Walker & Dunlop's capital markets team.

Digital marketing company Skai and financial services firm Wellington Shields are relocating within Manhattan’s Financial District to 60 Broad Street.

Inflation cooled slightly in April, leading to hopes for interest rate cuts in the fall despite a year-over-year increase in the consumer price index.

Baltimore Mayor Brandon Scott wins city's Democratic primary, likely securing a second term, while facing challenges from Republican candidate and key real estate industry backers.

Janet Woods is promoted to President of North American operations at Savills, showcasing her years of experience and impact on the company's growth and culture.

Steiner + Associates discusses the evolving role of lifestyle centers in shaping the retail experience ahead of the ICSC Las Vegas retail conference.

Industry experts believe that disruptions in the market and excess supply present opportunistic times to invest in various real estate sectors, such as office buildings, data centers, warehouses, and senior housing.

The article discusses the importance of preserving affordable housing in New York state, highlighting the need for a $250 million Affordable Housing Relief Fund to prevent at-risk properties from closing, despite new initiatives in the state budget.

Economists predict a reduction in the fed funds rate in September based on inflation and interest rate data and uncertainty surrounding the neutral rate of interest.

Goldman Sachs Group raises $3.6 billion for its CRE debt fund, targeting a 10-12% return by investing in real estate debt financing opportunities.

The commercial real estate lending market experienced a slowdown in the first quarter of 2024, driven by market conditions in the previous year, but is showing signs of increased activity and a shift towards different types of financing.

A new report by Fitch Ratings reveals that home prices in the U.S. are overvalued by more than 10%, with overvaluation found in 90% of metropolitan statistical areas, though prices may moderate later in the year.