Donald Bren and the Irvine Company have sold off their entire portfolio of six office buildings in downtown San Diego, marking their exit from the area after nearly two decades. Once the largest office landlord in the city, the firm’s move reflects diminished confidence in downtown San Diego's office market, which has struggled due to the pandemic and remote work trends. While the Irvine Company is shifting investment to higher-growth submarkets like La Jolla and University Town Center, the downtown selloff may cause concern among other office investors in the region.

Brookfield sold a 525,756-square-foot industrial property in San Bernardino, California, to Overton Moore Properties for over $120 million. The property, leased to Kohl's as a distribution center, is strategically located near major logistics hubs and transportation routes in the Inland Empire. This sale highlights strong demand for well-leased industrial assets in the region. Brookfield recently recapitalized its U.S. logistics portfolio, which includes properties in California and other states.

The Southern Sierra Miwuk Nation has purchased 896 acres of forest land near Yosemite National Park in California, reclaiming ancestral territory with funding from the California Natural Resources Agency. The land, previously owned by the Pacific Forest Trust, will serve as a sanctuary for the tribe and is part of broader efforts by Native American tribes and environmental groups to recover traditional lands in California.

Mendel Deutsch of New Jersey pleaded guilty to bank and wire fraud conspiracy related to a commercial mortgage fraud scheme involving properties in Brooklyn, New York, and New Jersey. The scheme involved falsely claiming ownership and inflating mortgage values to obtain loans, including a $4.5 million loan on Brooklyn properties. Deutsch also fraudulently obtained about $1.8 million in government pandemic loans for businesses with little or no operations. He faces up to 50 years in prison and a $1.25 million fine, with sentencing scheduled for March 2026.

HVN Development is advancing multiple fully affordable multifamily housing projects in Los Angeles, including sites in Toluca Lake, North Hollywood, and Hollywood. These developments, supported by Executive Directive 1, focus on low- to moderate-income households and feature five-story residential buildings with one- and two-bedroom units. The initiative has significantly increased affordable housing approvals in the city, overshadowing market-rate housing development.

Clipper Equity secured a $450 million permanent loan from J.P. Morgan Chase to refinance its 746-unit multifamily development, Tower 77, in Greenpoint, Brooklyn, New York. The loan replaced a previous $430 million bridge loan and was arranged by Iron Hound Management. The 799,000-square-foot building, which opened last year and is about 95% leased, features 40,000 square feet of amenities including a pool, sauna, fitness center, game room, and pet spa. The project was designed by CetraRuddy Architecture and received New York City Council approval in 2013.

L3 Capital sold a remodeled office building at 1020 West Randolph Street in Chicago, anchored by Live Nation, to Zurich's alternative investment arm for $18.1 million. Zurich also acquired boutique office buildings in Denver and Cambridge, aiming to invest in premium office locations with favorable pricing. Zurich plans to re-enter the San Francisco office market in 2026. L3 Capital has been active in Chicago's Fulton Market and other key markets including New York City and Miami, with investments in office and retail properties.

Amityville, New York, is imposing a six-month moratorium on new apartment, condo, and townhome developments with three or more units to assess the impact of rapid multifamily growth on local services and infrastructure. The village has seen a 20% increase in multiple dwelling units over five years, fueled by a $10 million state grant for downtown revitalization. Officials aim to gather data on occupancy, rents, traffic, and infrastructure before allowing further development, responding to community concerns about oversaturation and quality of life.

The multifamily real estate market in Oakland and the broader East Bay area of California is experiencing depressed property values, with several recent foreclosure sales and below-assessed-value transactions. Notable deals include the acquisition of nine apartment complexes totaling 268 units in Oakland for $30 million, the purchase of the 83-unit Amelia apartment complex in Pill Hill for $21 million, and other significant sales and foreclosures in San Jose, Berkeley, Concord, and Walnut Creek. Investors see this as an opportune time to invest and plan to renovate and stabilize these assets.

Alec Baldwin has been attempting to sell his 10-acre estate in Amagansett, New York, for over three years, recently raising the price to $21 million despite no major upgrades. The property features a 9,000-square-foot main home with five bedrooms, seven bathrooms, and amenities such as a pool, spa, private beach access, and a wine-tasting room. Baldwin originally purchased the estate in 1995 and has made additions since. He has also sold other properties, including a lake house and a farm in Vermont, and was reportedly shopping a penthouse in Manhattan.

Tetra Technologies is relocating its headquarters from a seven-story office building in The Woodlands to a 61,975-square-foot office space in the South Tower of a two-building office campus in Spring, a suburb of Houston, Texas. The office market in Houston is showing signs of recovery with positive net absorption and a slight decrease in vacancy rates. The decline in valuations of older office buildings has made purchasing more attractive than leasing, leading to an increase in owner-user deals, which is helping to revive the market.

Crescent Real Estate purchased the Ryder Colonnade office building in Coral Gables, Florida, for $70.4 million, reflecting a 13% discount from its price over a decade ago. The 11-story, 205,400-square-foot office tower, recently renamed after Ryder System moved its headquarters there, was acquired amid a challenging market with higher interest rates and costs impacting refinancing and landlord finances. Other discounted office building sales in Florida, including properties in Sunrise and West Palm Beach, highlight the effects of market shifts and remote work on commercial real estate values.

J.P. Morgan Chase has expanded its office space in Midtown Manhattan, New York City, by signing a 60,000-square-foot sublease at 390 Madison Avenue, adding to its existing 436,905 square feet there. This expansion complements the bank's new 2.5 million-square-foot headquarters at 270 Park Avenue, which opened in October 2025. The bank now occupies nearly 6 million square feet of office space in New York City, aiming to consolidate its employees near its new HQ. The 270 Park Avenue building also includes retail spaces with restaurants, coffee shops, a gym, and a pub.

The article discusses a resurgence of affluent second home buyers purchasing luxury condominiums in downtown Chicago, particularly at the Cirrus tower in Lakeshore East. After years of hesitation due to safety and urban vitality concerns, about 60% of the 50 condos under contract in 2025 are for second homes, signaling renewed confidence in downtown living. The trend marks a positive shift for Chicago's luxury condo market, with high-end units selling at significant discounts and attracting buyers seeking pied-à-terre or weekend retreats.

Atapco Properties, a Baltimore-based development firm, sold a 187,000-square-foot industrial distribution building in Hyattsville, Maryland, to Terreno Realty for $50 million, a significant profit from its 2020 acquisition price of $15 million. Terreno plans to invest an additional $7.6 million to complete interior finishes by early 2027. Terreno, headquartered in Bellevue, Washington, also owns warehouse properties in California, New York, New Jersey, and Florida.

The Sheraton Arlington Hotel in Texas will close and be demolished after the 2026 FIFA World Cup to make way for a new $410 million Loews hotel, expected to open by 2028. The new hotel will feature 513 rooms, extensive convention space, and a large parking garage. This redevelopment is part of Arlington's broader efforts to expand its hospitality infrastructure, including other hotel developments and renovations in the Entertainment District, supported by significant city and economic development incentives.

The National Association of Realtors (NAR) reported over $360 million in revenue for 2024, maintaining similar levels to 2023, with assets exceeding $1 billion. Despite facing criticism for high executive compensation and political spending, including $86 million on lobbying and significant marketing expenses, NAR continues to experience declining membership, expected to drop to 1.2 million in 2026. The organization settled a major antitrust lawsuit for $418 million and recently removed the membership requirement for access to affiliated multiple listing services.

Caterpillar has expanded its presence in Irving, Texas, by purchasing a former office complex that was once the headquarters of Zales. The property includes three office buildings and a parking garage, providing additional workspace and facilities for hosting dealers and visitors. Caterpillar relocated its global headquarters to the Dallas–Fort Worth area in 2022 and continues to grow its footprint in Texas, where it has had a presence since the 1960s. The company is a leading manufacturer in construction and mining equipment and ranks 64th on the Fortune 500 list.

The New York City Economic Development Corporation (NYCEDC) is partnering with the team behind Public Records to open a new 1,000-capacity music and events venue at the MADE Bush Terminal campus in Sunset Park, Brooklyn, New York. The venue, expected to open in late 2026, will be located in a restored former warehouse within a seven-building industrial complex undergoing redevelopment to support small-format manufacturing, arts, and community events. The project is part of a broader effort to revitalize the historic waterfront site with mixed-use spaces including manufacturing, community organizations, and food and beverage outlets, with plans for additional building restorations and a public park over the next five to eight years.

In 2025, office leasing activity in Brooklyn and Queens remained subdued compared to Manhattan, with government agencies, schools, and mission-driven organizations driving demand. Major leases included the NYC Department of Transportation in Long Island City, Spectrum in Greenpoint, and Brooklyn Prospect Charter School in Downtown Brooklyn. Despite some large deals, private-sector leasing was limited, and availability stayed high, particularly in Long Island City and parts of Brooklyn. Several public agencies consolidated or renewed leases, reflecting a trend of education and public-service tenants supporting the outer borough office market.

Eyal Ofer's Global Holdings has completed a $30 million repositioning of the 99 Park Avenue office tower in Midtown Manhattan, New York, resulting in strong leasing activity including a nearly 49,000-square-foot lease to Cerity Partners. The 26-story, 600,000-square-foot building has been upgraded with a redesigned facade and new amenities, achieving 98 percent occupancy. Other recent leases include Amalgamated Bank, Geller & Company, Garan, Steward Partners, and Metropolitan Bank, reflecting the building's appeal in the tight Grand Central office submarket.

Blue Vista and Bain Capital sold Vue 53, a 403-bed student housing apartment building with ground-floor retail near the University of Chicago, to Antheus Capital for $57.6 million. Developed in 2015, the property benefits from strong demand in Chicago's student housing and multifamily markets, with low vacancy rates and growing investor interest in the Hyde Park area. Recent transactions in the neighborhood highlight the robust market for multifamily and student housing properties.

Woodline Partners is relocating its New York City offices to Paramount Group's 712 Fifth Avenue, leasing 19,500 square feet across two floors in this 52-story Class A office building in Midtown Manhattan. The lease term is 15 years with asking rents between $170 and $180 per square foot. The building also includes retail space and amenities such as a business lounge and wellness center.

Nadir Settles has departed from Nuveen Real Estate after nearly 15 years, during which he played a key role in scaling the firm's assets under management to $139 billion and led initiatives including affordable housing and the Nuveen Global Cities REIT. His next role remains undisclosed, and Nuveen recently closed its U.S. Strategic Debt Fund with $650 million in equity commitments.

Public housing authorities (PHAs) across the U.S. are beginning to receive delayed Section 8 payments from the Department of Housing and Urban Development (HUD) following a government shutdown that caused a shortfall in rent collections for affordable housing landlords. Major PHAs in cities such as Boston, New York City, and Boca Raton, Florida, have started receiving funds and will distribute payments to landlords this week to cover the December shortfall of $700M to $800M affecting over 500 PHAs nationwide.

A Manchester-based affordable housing provider plans to acquire up to £500M in new assets next year, aiming to become one of the largest UK buyers of new-build affordable housing. The sector is attracting increased institutional investment, particularly from local government pension schemes, due to stable income streams backed by government grants. However, challenges such as regulatory complexity, management difficulties, and rising interest rates are slowing investment growth. Despite these hurdles, there is optimism that reduced gilt rates could significantly boost capital inflows into affordable housing.

Sharon Baum, a pioneering and highly successful luxury real estate broker in Manhattan, New York City, passed away at 85. With a career spanning over three decades, she was known for formalizing real estate as a professional business and achieved over $2 billion in sales, specializing in high-end co-ops, townhouses, and luxury apartments. Baum worked primarily in New York City, earning multiple prestigious awards and representing notable clients such as Taylor Swift. She was recognized as a trailblazer in the industry and continued her career with Douglas Elliman until her death.

Sharon Baum, a pioneering and highly successful luxury real estate broker in Manhattan, New York City, passed away at 85. With a career spanning over three decades, she was known for formalizing real estate as a professional business and achieved over $2 billion in sales, specializing in high-end co-ops, townhouses, and luxury apartments. Baum worked primarily in New York City, earning multiple prestigious awards and representing notable clients such as Taylor Swift. She was recognized as a trailblazer in the industry and continued her career with Douglas Elliman until her death.

Netflix's proposed $72 billion acquisition of Warner Bros. Discovery would include over 100 million square feet of entertainment real estate, such as offices, soundstages, and studio properties primarily in the U.S. and U.K. Key assets include Warner Bros.' Burbank Studios in California and Albuquerque Studios in New Mexico, as well as Netflix's planned production hub in New Jersey. The deal, pending regulatory and shareholder approval, would make Netflix the largest controller of production real estate in Los Angeles.

Bill Pulte, director of the Federal Housing Finance Agency, is under investigation by the Government Accountability Office for his role in making mortgage fraud referrals against several public officials, which have largely been unsuccessful and controversial. The probe follows concerns about how Pulte obtained mortgage documents and internal investigations at Fannie Mae, leading to firings and resignations. The investigation is in early stages and may take months to develop further.

KKR has entered a multi-billion dollar investment agreement with Compass Datacenters to fund existing and future data center projects across several key markets. Compass, recently acquired by Brookfield and Ontario Teachers Pension Plan, is aggressively expanding with large-scale developments in locations including Chicago, Mississippi, and North Carolina. The deal highlights the growing complexity of capital strategies in the data center sector, where developers are increasingly using structured debt and equity to monetize stabilized assets amid limited buyers for high-value properties.

GFP Real Estate was selected by the New York City Economic Development Corporation to redevelop a 10-story government office building at 100 Gold Street in Manhattan's Financial District into a mixed-income residential building with 3,700 units, including at least 25% affordable housing. The project is part of Mayor Eric Adams' broader Manhattan Plan to add 100,000 new homes over the next decade. The redevelopment will also include 40,000 square feet of public open space and a fitness center, with plans for community collaboration and land use reviews in 2027. GFP recently completed another large office-to-residential conversion nearby at 25 Water Street.

Site Centers, an Ohio-based real estate investment trust, is divesting its remaining retail shopping centers after spinning off its strip malls into a new company called Curbline Properties. The spinoff included 61 strip malls valued at $1.7 billion, and Curbline now owns 162 shopping centers. Site Centers is negotiating sales of several wholly owned retail properties, including a three-property portfolio in Pennsylvania, Ohio, and New Jersey, and plans to market all remaining retail assets subject to market conditions. The company has distributed over $380 million to shareholders since the spinoff and may consider selling its platform in the future.

Avison Young announced that Brendan Kelley will become the market leader of its Philadelphia office starting January 1, replacing David Fahey who led the office for 12 years. Kelley, who joined Avison Young as a principal in 2023, has a long career in commercial real estate and aims to drive innovation and growth in the Philadelphia market. Avison Young is the eighth-largest commercial real estate brokerage in Greater Philadelphia, with CBRE being the largest and also recently changing leadership.

Tom Hicks, a Dallas businessman and former owner of the Dallas Stars and Texas Rangers, played a key role in developing the American Airlines Center and the surrounding mixed-use Victory Park district in Dallas, Texas. He also owned land around Choctaw Stadium in Arlington, Texas, and contributed to local infrastructure projects. Hicks was influential in finance and philanthropy, supporting education and serving on various boards. He passed away at age 79, leaving a legacy in sports, real estate, and finance.

New York-based law firm Slarskey is relocating its offices within Midtown East, New York City, signing a 13-year lease for 12,278 square feet on the 32nd floor of 825 Third Avenue. The move follows plans to convert their current office building at 767 Third Avenue into residential units. The building at 825 Third Avenue recently underwent a $150 million renovation to enhance office amenities and infrastructure, attracting several notable tenants. Slarskey is expected to move in by mid-2026, joining other corporate tenants in this premier office location.

Meta Development is advancing its boutique luxury condominium projects in South Florida, including the six-story, 14-unit Opus Coconut Grove in Miami, which is nearly 60% presold and has recently switched marketing leadership to Serhant's Nicolas Group. The project features high-end amenities and targets a diverse buyer demographic including locals, foreigners, and Northeasterners. Meta is also developing another luxury condo, Colette, in Brickell Avenue and exploring additional sites in Pompano Beach, focusing on smaller luxury condo developments as an alternative to large towers.

Nick Kokonas sold his unique Old Town Chicago property, consisting of two historic houses connected by a modern bridge, for $4.65 million, a 32% discount from the original $6.84 million asking price. The property, which includes buildings dating back to post-Great Chicago Fire, was initially marketed using an unconventional commission model but eventually sold through a traditional agent after months on the market. Kokonas, known for his restaurant ventures and the Tock reservation platform, recently exited his Alinea Group ownership. The sale highlights the strength of Chicago's luxury housing market in 2025, with a record number of high-value home sales.

Riot Games acquired its 284,000-square-foot office campus, Element LA, in Los Angeles for $231 million, including a lease termination fee paid to Hudson Pacific Properties. Hudson Pacific, a real estate investment trust focused on office and studio properties, plans to use the proceeds to reduce debt and reinvest in its portfolio outside Southern California, particularly in the Bay Area and Seattle. The transaction reflects challenges faced by Hudson Pacific amid the pandemic and Hollywood labor strikes, while Riot Games is undergoing workforce reductions following workplace allegations.

Planet Fitness has signed a 10-year lease for a 15,599-square-foot retail space at 50 Paseo Place in the Paseo on Fifth development in Park Slope, Brooklyn, New York. The development includes two residential buildings with 180 units, retail spaces such as CVS Pharmacy, Lidl Supermarket, Wells Fargo bank, and health and wellness services like MD Hyperbaric. This marks Planet Fitness's 14th Brooklyn location, with additional locations planned in Staten Island and the Bronx. The project aims to create a thriving community with diverse retail and wellness options.

Hines has shifted its development plans in Tempe, Arizona, from an office high-rise to a 110-unit condominium project on a 1.8-acre lot near Tempe Beach Park. The proposed building will be 16 stories tall, featuring mostly two-bedroom units along with some three- and four-bedroom units, and will include ample parking and bicycle spaces. This change follows weak office subleasing demand in the area. The project is located near Tempe Town Lake and other office buildings, with no disclosed timeline or cost yet.

Columbia Pacific Advisors secured a $58 million loan to refinance a two-building, 320,000-square-foot office campus located at 101 and 103 JFK Parkway in Short Hills, New Jersey. The five-year floating-rate debt was provided by Rialto Capital Management and Hines, with CBRE arranging the transaction. The office complex is 95 percent leased, featuring amenities such as a fitness center, yoga room, and shuttle service. The refinancing reflects growing confidence in the office sector amid return-to-office mandates and will help stabilize the asset further.

SoftBank Group Corp. is negotiating to acquire DigitalBridge Group, a major investor in data center and digital infrastructure assets, amid fluctuating stock prices influenced by AI market speculation. DigitalBridge manages $108 billion in assets and has recently expanded its global data center capacity. SoftBank is also investing heavily in data center development and AI infrastructure projects in the U.S., including a joint venture with significant government backing. The deal highlights growing interest and investment in data centers driven by the AI boom.

Mountain View, California, has become the most expensive city in Silicon Valley for renters, with luxury one-bedroom rents reaching approximately $5.75 per square foot. The surge is driven by the influx of artificial intelligence companies and workers, notably OpenAI seeking significant office space. Despite rising rents in Mountain View and San Francisco, national rent growth has slowed, and vacancy rates have increased. A proposed 299-unit mixed-use development by Greystar was rejected by the Mountain View City Council, even as the city faces state-mandated housing goals to add over 11,000 new units by 2031.

The PBSA Council of Ireland warns that extending rent caps on purpose-built student accommodation until 2029 could hinder bed supply growth and deter investment amid rising university enrolments and a shortage of student housing. The council highlights regulatory uncertainty and a €14B investment shortfall, urging a balanced approach to improve affordability while restoring investor confidence and accelerating construction. They emphasize the need for Ireland to capitalize on its position as an alternative study destination to the UK and call for increased domestic institutional investment in student housing development.

Purple Crayon, an early childhood education provider, has signed a 15-year lease for a 4,600-square-foot retail space on the ground floor of 544 Carroll, a boutique apartment complex in Brooklyn, New York. This marks the preschool's fourth location in Brooklyn and the first retail tenant in the residential building, which offers 133 family-sized homes and various amenities. The lease highlights the integration of community-focused retail within a residential development in the Gowanus neighborhood.

During Miami Art Week, Goat Hospitality Group secured a buyer for their $18 million Pinecrest estate, marking the highest contract among 14 signed in Miami-Dade County in early December. The report highlights luxury home and condo listings priced $4 million and above, with single-family homes averaging $7.4 million and condos $6.3 million in asking price. Additionally, New York saw 29 home contracts totaling $233.5 million. The data reflects active high-end residential real estate markets in Miami-Dade, Florida, and New York.

Yume Ga Arukara, a popular udon noodle restaurant based in Boston, is opening its first New York City location in Manhattan's NoMad neighborhood. The restaurant has signed a 15-year lease for 3,000 square feet at 271 Fifth Avenue, a residential and retail building, with an asking rent of $40,000 per month. The new location, featuring an outdoor patio, is set to open in March 2026 and will replace a former Asian fusion eatery. The restaurant is known for its fresh, handmade udon noodles and has received critical acclaim in Boston.

Metropolitan Realty Group secured $97.6 million in non-recourse refinancing for Villa Hermosa Apartments, a 272-unit affordable housing complex in East Harlem, New York. The financing, insured by HUD under section 223(f), includes a 35-year term with a fixed interest rate and supports a 20-year Housing Assistance Payments contract from HUD’s Section 8 program. The loan proceeds will fund renovations and tenant improvements, ensuring the preservation of affordable housing in a supply-constrained Manhattan neighborhood.

Aaron Cukier, formerly head of commercial leasing at Extell Development, is joining CBRE as senior vice president of its New York City retail brokerage practice. With over 20 years of experience representing major retail brands, Cukier will handle deals for landlords and tenants, reporting to CBRE's senior managing director Michael Taxin. He aims to grow CBRE's retail presence and deliver strong results for clients in the New York market.

RJ Capital Holdings secured $84 million to refinance Trylon Tower, a 170-unit luxury residential building in Queens, New York. The 16-story apartment complex, which opened in March 2025, includes one- to three-bedroom units and 45,000 square feet of commercial space. The building features 60 affordable units under the now-expired 421a tax abatement and pays homage to the former Trylon Theatre with its design.

MM Partners owns multiple mixed-use properties in Philadelphia's Brewerytown neighborhood, including the 161-unit Fairmount at Brewerytown and the 132-unit Poth Brewery Lofts, both facing challenges with commercial vacancies and loan delinquencies but showing signs of stabilization and potential recovery. The company is also planning a new 116-unit mixed-use development in Norristown, reflecting its focus on gentrifying neighborhoods in the Philadelphia area.

MM Partners owns multiple mixed-use properties in Philadelphia's Brewerytown neighborhood, including the 161-unit Fairmount at Brewerytown and the 132-unit Poth Brewery Lofts, both facing challenges with commercial vacancies and loan delinquencies but showing signs of stabilization and potential recovery. The company is also planning a new 116-unit mixed-use development in Norristown, reflecting its focus on gentrifying urban neighborhoods in the Philadelphia area.

The article discusses trends in the U.S. multifamily rental market in 2025, highlighting increased tenant retention and high competition for apartments despite a slight dip in occupancy rates due to new supply. The Northeast is the most competitive rental region, followed by the Midwest and Florida, with Miami leading as the top competitive market with the highest occupancy rate and most renters per apartment. Other competitive markets include Chicago, suburban Chicago, and Manhattan, with growing rental competition in Queens. However, rents have declined in most top markets, indicating a softening apartment market overall.

AEW Capital Management sold the Ryder Colonnade office building in Downtown Coral Gables, Florida, for $70.4 million, which is 13 percent less than its 2013 purchase price. The 11-story property includes office space and a parking garage. Crescent Real Estate acquired the asset with financing from Rialto Capital Management. This marks Crescent's first office acquisition in Florida, where it also owns a hotel. The sale reflects a trend of discounted office property transactions in Coral Gables due to increased remote work.

AEW Capital Management sold the Ryder Colonnade office building in Downtown Coral Gables, Florida, for $70.4 million, which is 13% less than its 2013 purchase price. The 11-story property includes office space and a parking garage. Crescent Real Estate acquired the asset with financing from Rialto Capital Management. This marks Crescent's first office acquisition in Florida, where it also owns a hotel. The sale reflects a trend of discounted office building trades in Coral Gables due to increased remote work.

A luxury condo at Aman New York in Manhattan sold for just under $30 million, marking the priciest of 29 high-end homes that found buyers last week. The market saw increased activity with 29 contracts signed, up from 19 the previous period. The article highlights notable sales and listings including townhouses on the Upper East Side and Greenwich Village, with prices ranging from $12.5 million to nearly $15 million. The majority of the 29 properties were condos, with others including co-ops and townhouses, collectively asking $233 million with an average price of $8 million and a median of $6.5 million. The typical home was on the market for about two years and sold with an 11 percent discount.

Miami Freedom Park in Florida is developing a large mixed-use complex including retail, office, hotel, and entertainment spaces anchored by a 25,000-seat stadium for Inter Miami CF. Additional retail leasing activity occurred in multifamily properties in Fort Lauderdale, a new grocery store opening in Palm Beach Gardens, and office leases in Miami Tower downtown. Other retail leases include ACE Hardware in Hallandale Beach and a luxury boutique in Palm Beach. The developments feature a mix of retail, office, multifamily, hotel, and mixed-use properties across South Florida.

Sugar Land, Texas, is expanding its Great Homes Update Program in 2026 to increase reimbursement for renovation costs from 10-25% to 50% for homeowners in the bottom 3% of single-family home values. The program will also include heir owners and landlords, aiming to assist more low-value homeowners with renovation funding. Sugar Land has reimbursed $791,000 for $5.3 million in projects so far and budgeted $200,000 for 2026. The Houston metro area, including Sugar Land, has a high inventory of homes for sale, supported by master-planned community developments.

The 18-story office tower at 211 North Ervay in downtown Dallas, Texas, built in 1958 and renovated in 2014, is on the market after foreclosure. Previously planned for conversion into 238 apartment units by Kenny Wolfe, the nearly vacant building is now listed by Avison Young as a redevelopment opportunity with potential for multifamily, hospitality, or office use. The property was acquired by Thistle Creek Capital in a foreclosure auction in 2024 and is considered structurally suitable for conversion according to a 2023 study by the National Bureau of Economic Research.