Jade Enterprises owns a three-story, 100,000-square-foot office building in West Los Angeles' Sawtelle Japantown neighborhood that is facing financial distress due to high vacancy and debt repayment issues. The property, part of a larger portfolio purchased from Blackstone in 2016, was only 43% occupied last summer and has seen major tenants reduce or leave their spaces. The building's debt of about $33 million is in special servicing after the borrower failed to pay it off at maturity, and the company is seeking new tenants and refinancing options amid a challenging post-pandemic office market in Los Angeles.

The article discusses the rising delinquency rates and refinancing challenges in the U.S. commercial real estate market, particularly affecting office properties with a record 12.34% delinquency rate for office loans in CMBS. Many loans are maturing without repayment or extension, signaling distress especially for office buildings amid changing work patterns. Industrial and grocery-anchored retail sectors remain more stable. The situation is impacting regional banks heavily involved in commercial real estate lending, while larger institutions have so far avoided major issues. A notable example is the troubled mortgage on the former New York Times Building in New York City.

Matthew Bayer and his wife Joyce purchased a $14.25 million mansion in Lincoln Park, Chicago, and are now listing their luxury condo penthouse on North Michigan Avenue for $5.5 million. The penthouse features high-end finishes and amenities, including a wellness sanctuary and custom kitchen. The couple's real estate transactions highlight the high-end residential market in Chicago, Illinois, particularly in ultra-luxury condos and mansions.

Ensis Partners has signed a three-year lease for office space at RXR's 230 Park Avenue, a historic 35-story office tower in Midtown Manhattan, New York City. The building also welcomed a new retail tenant, Court Street Grocers, which signed an 11-year lease for ground-floor retail space. The property is noted for its prime location, Class A distinction, and a growing tenant roster including financial and legal firms.

Cushman & Wakefield has appointed Hayley Shoener, a seasoned leasing executive with experience at Brookfield Properties and JLL, as executive managing director of its New York City office leasing group. Shoener will focus on Manhattan agency leasing and tenant advisory, bringing extensive expertise in the office market. She is optimistic about the office leasing market, expecting volumes to return to pre-pandemic levels by 2025 and continued growth in 2026.

A 24-acre office campus in Irvine, California, was sold for $232.1 million and is set to be converted into a residential neighborhood with over 400 homes, including detached houses, townhomes, and stacked flats. The property, formerly an office complex, was acquired by a joint venture involving Lennar, which plans to build the homes following a fast entitlement process. The redevelopment aligns with Irvine's rezoning efforts to allow up to 15,000 homes in the business complex area, addressing state housing mandates and shifting from initial industrial redevelopment plans.

San Francisco is facing challenges in meeting its state mandate to build 47,000 new affordable housing units by 2031, with funding largely committed or exhausted and recent policy cuts reducing affordable housing production. Supervisor Chyanne Chen has called for an audit to assess the city's progress and funding status amid rising construction costs, interest rates, and a $1 billion budget deficit. The Family Zoning Plan aims to increase residential development but faces legal challenges, and city officials plan to report on housing production and funding soon.

Gotham Pickleball has signed a 10-year lease for a 26,000-square-foot industrial space at 52-37 Second Street in Long Island City, Queens, New York, marking its second location in the area. The facility will feature six indoor and two outdoor pickleball courts along with flexible event space, aiming to create a community-focused recreational environment. The lease highlights the adaptive reuse of industrial properties in the Hunters Point South neighborhood, contributing to the area's ongoing evolution.

The Pakistani government is restarting its effort to monetize the Roosevelt Hotel site in Manhattan, New York, aiming to redevelop the property into a large office tower through a joint venture rather than an outright sale. After previous failed attempts and broker resignations, the government plans to contribute the land while a development partner provides equity and debt financing, with Pakistan retaining a significant ownership stake. The project is part of Pakistan's broader privatization efforts tied to an IMF bailout.

National Realty Investment Advisors (NRIA) secured a $54 million loan for a multifamily development project in Fort Lauderdale, Florida, which includes a 43-story building with 388 apartments and a nine-story parking garage. The financing follows NRIA's purchase of the site and comes two years after a senior executive pleaded guilty to a $658 million Ponzi scheme. Despite the legal issues, NRIA continues to develop the property in the Flagler Village neighborhood.

Lincoln Property Company, led by co-CEOs David Binswanger and Clay Duvall, is a diversified commercial real estate firm involved in multiple asset classes including office, multifamily, retail, life sciences, logistics, and sports complexes. Since a leadership change and private equity investment in 2023, the company has expanded significantly through acquisitions and partnerships, including ventures into student housing and medical office buildings. Lincoln emphasizes long-term investment strategies, operational expertise, and geographic diversification, with notable activity in markets like Dallas, Midtown Manhattan, South Florida, and San Francisco. The company avoids asset classes where it lacks operational presence, such as self storage and senior living, but remains open to partnerships. They also focus on leveraging technology and AI as productivity tools in their business.

William McMorrow and a consortium including Fairfax Financial have agreed to acquire global real estate firm Kennedy Wilson for $1.65 billion in an all-cash deal, taking the company private to focus on long-term strategy without public reporting burdens. Kennedy Wilson, founded in Southern California and currently managing $31 billion in assets, recently expanded its multi family portfolio with significant acquisitions in California, including an 18-property Apartment Living platform and a 460-unit housing complex in Santa Maria. The deal is expected to close in the second quarter of 2024.

Ares Alternative Credit and Makarora Management are arranging a $1.46 billion CMBS refinance for their recent $2.1 billion acquisition of Plymouth Industrial REIT, which includes 145 industrial properties across 11 states. The loan will refinance acquisition debt, fund reserves, and cover closing costs. The portfolio, primarily composed of distribution centers, is strategically located near major U.S. population centers and is 92.3% leased. The CMBS market is experiencing strong activity in early 2026, supporting this significant refinancing deal.

SL Green Realty secured a 43,000-square-foot lease with the patent law firm Groombridge, Wu, Baughman & Stone at 1185 Sixth Avenue, a 42-story office tower in Manhattan, New York. The 10-year lease covers the entire 37th floor and part of the 36th floor, contributing to the building's 91% occupancy after recent leasing activity. Sixth Avenue is emerging as a strong submarket with rising rents due to limited supply, making it a competitive location for office tenants. SL Green has renovated the building to attract tenants amid a wave of turnover in recent years.

Kennedy Wilson, a public real estate investment firm with $31 billion in assets under management, is set to go private following a $1.6 billion buyout deal led by a consortium including Fairfax Financial Holdings and Kennedy Wilson executives. The firm owns a large portfolio primarily consisting of multifamily units and industrial assets in the U.S. The transaction, expected to close in the second quarter pending shareholder approval, aims to reduce administrative costs associated with being publicly listed. Kennedy Wilson's portfolio includes 40,872 multifamily units and 119 industrial properties, with 94% of the multifamily units located in the U.S.

Clear Mountain Properties secured $29.75 million in construction financing from S3 Capital to develop the 152-unit Liva Travelers Rest multifamily community in Travelers Rest, South Carolina. The project includes 120 apartments and 32 townhomes with various amenities and addresses a housing shortfall driven by population growth and rising rents. Construction is set to begin in March with completion expected in late 2027. This marks S3 Capital's first loan in South Carolina as it expands in the Southern U.S. market.

Caitlin Chagan is returning to Douglas Elliman as president of Douglas Elliman Development Marketing in New York after a brief stint co-founding Redeavor, a development advisory firm. At Elliman, she will oversee New York operations and upcoming developments in the city, Long Island, the Hamptons, and Westchester. The move is part of Elliman's strategy to strengthen its development sector in New York, which the firm views as a key growth area.

The family of former Texas state Sen. Don Huffines purchased the infamous Zorro Ranch in New Mexico in 2023, four years after Jeffrey Epstein's death. The ranch, featuring a large mansion and various facilities, was bought at a public auction with proceeds benefiting Epstein's victims. The Huffines family has not visited the property and has challenged its tax valuation due to its notoriety. The purchase has drawn renewed scrutiny amid ongoing investigations into Epstein's activities at the ranch. Huffines is currently campaigning for Texas comptroller.

J&L Companies, a New Jersey developer, secured $110 million in HUD-backed debt to refinance a newly built 403-unit multifamily property called 55 Union in Newark, New Jersey. The 12-story building, completed in 2023, includes ground-floor commercial space and various community amenities. The HUD 223(f) loan supports refinancing, reserve funding, and equity access, highlighting Newark's growth as a top-tier urban market and the appeal of HUD financing for stable, high-quality multifamily assets.

Anheuser-Busch is selling its 170-acre Budweiser brewery in Fairfield, California, following plans to shut down the facility as part of a broader U.S. manufacturing restructuring. The brewery, a major industrial site operating since 1976, is being marketed by Cushman & Wakefield. The closure affects 238 employees directly and potentially over 500 auxiliary workers, with significant economic impacts expected for the city and state. Redevelopment of the specialized industrial site poses challenges, though local officials are exploring reuse options.

Maslow Capital has secured a £116.6M development facility to fund a purpose-built student accommodation (PBSA) project in Wembley, London, which will offer 609 student beds and commercial space. This deal is part of Maslow's total £231M lending for three PBSA projects in London, reflecting a growing investment trend in the UK student housing market, with significant new bed deliveries and ongoing construction. The Wembley scheme includes extensive amenities and is scheduled for completion in 2028, highlighting strong demand and supply gaps in well-located, amenity-rich student housing.

Texas is projected to surpass Virginia as the leading U.S. data center market by 2030, driven by its large pipeline of data center power development and favorable conditions such as abundant energy resources and available land. North America currently has 35 GW of data center capacity under development, with 64% in emerging markets including Texas, Tennessee, Wisconsin, and Ohio. The demand is primarily fueled by hyperscalers like Google, Microsoft, and Amazon, who are investing heavily in data center infrastructure, especially for AI applications. Data center vacancy rates remain low, lease rates have increased significantly, and capital investment and debt origination in the sector are at record highs, attracting major institutional investors.

Kennedy Wilson, a Beverly Hills-based real estate investment firm, plans to go private in a $1.7 billion all-cash deal led by Fairfax Financial Holdings Limited, which will gain majority interest. The deal includes Kennedy Wilson's acquisition of multifamily and student housing properties from Toll Brothers, adding significant assets under management and development sites nationwide. The firm owns properties in Los Angeles and Pennsylvania and continues to operate under current leadership.

The Sapir Organization sold the NoMo SoHo hotel, a 26-story boutique hotel with 264 rooms located in Manhattan's SoHo neighborhood, to Dan Hotels owner Shlomo Tahan for $121 million. The sale, which finalized after Sapir filed for Chapter 11 bankruptcy, helps address Sapir's $155 million debt. Dan Hotels marks its entry into the U.S. market with this acquisition, slightly below the initially agreed $125 million price.

East West Bank, a California-based financial institution, is relocating its Madison Avenue offices to a new 38,000-square-foot space at 345 Park Avenue in Midtown East, New York City. This move represents an expansion from its previous locations at 485 and 535 Madison Avenue. The lease details such as duration and rent were not disclosed, but the average office rent in Midtown East is noted to be $84.24 per square foot. The relocation comes after a tragic shooting incident at the building in July 2025, which led to increased security measures and new legislation for front-desk security guards in New York City.

The article reports on high-value real estate transactions in Miami-Dade County, Florida, highlighting a pending $14 million sale of a renovated mansion by multifamily and self-storage developer Jay Massirman. It also covers luxury home and condo listings with significant asking prices and days on market, as well as a teardown property in Coral Gables. Additionally, it briefly mentions New York buyers signing contracts for 31 homes totaling nearly $350 million in asking price.

Science and technology litigation firm Groombridge, Wu, Baughman & Stone is relocating within Midtown Manhattan, New York City, signing a 43,000-square-foot lease at SL Green Realty's 1185 Avenue of the Americas. The move involves occupying parts of the 36th and 37th floors of a 42-story office tower, with other law firms also leasing space in the building. The article highlights the office leasing activity in Midtown, including lease terms and rental rates.

Warner Bros. Discovery (WBD) is reopening talks with Paramount/Skydance to potentially take control of its studio and streaming business, competing with Netflix's $72 billion acquisition offer. WBD favors Netflix's deal but is exploring Paramount's proposal to maximize shareholder value. This bidding war occurs amid a significant decline in Southern California's film production levels and Netflix's expansion of production facilities in New York and New Jersey, partly due to concerns about crime near its Hollywood offices.

In January 2025, a major industrial property at 2867 Surveyor Street in Los Angeles County sold for approximately $52.7 million, marking the top industrial sale of the year in the area. The 190,464-square-foot distribution center was acquired by Future Foam from Garland Commercial Properties. Industrial sales in Los Angeles County increased by 4% year-over-year in 2025, with over 800 transactions and sales volume exceeding $5 billion, driven in part by institutional investors like Morgan Stanley Real Estate Investing. Morgan Stanley set a record with a $211 million purchase of an Amazon-occupied facility in Greater Los Angeles.

Kimco Realty and Grupo Eco have leased multiple retail, restaurant, and entertainment spaces in mixed-use developments in Florida, including Dania Pointe in Dania Beach and Atlantic Village in Hallandale Beach. Additional retail expansions include maman cafés across Palm Beach County and H&H Bagels opening in Pinecrest. A law firm, Cozen O’Connor, also opened an office in Fort Lauderdale. These developments feature a mix of retail, restaurants, entertainment venues, offices, hotels, apartments, and condos.

Harwood International is facing financial distress, risking foreclosure on a block of condo units at Bleu Ciel in Dallas, Texas, after defaulting on a $30 million loan. The firm has already lost several office properties through foreclosure and sales, with some sold to private equity fund TPG, which plans renovations. Despite the company's struggles, the Uptown Dallas office market remains strong with high rents and demand. This marks the first time Harwood's difficulties have extended beyond its office portfolio into condos.

The Downtown Manhattan office market experienced a significant recovery in 2025, with leasing activity more than doubling in the fourth quarter and reaching the highest annual total since 2019. Major leases, including expansions by Jane Street Capital, Stripe, and Moody’s, contributed to this growth, alongside a decrease in vacancy rates and increased demand driven by technology and creative sectors. The market saw a notable shift as Midtown South's tight availability pushed tenants Downtown, where rents were lower and options more plentiful. Additionally, office-to-residential conversions reduced office supply, further boosting demand. The positive momentum is expected to continue into 2026 with strong leasing activity and a robust pipeline of deals.

The article discusses the evolving relationship between artificial intelligence (AI) and software as a service (SaaS) in the commercial real estate technology sector. Experts express varied views, with some seeing AI as a complement that enhances SaaS platforms by adding intelligence and automation, while others believe AI could eventually replace traditional SaaS systems. The consensus is that a blended model combining AI capabilities with existing SaaS infrastructure is likely, as AI accelerates technology development and changes workflows. The article highlights the importance of data and system integration in this transition and notes the ongoing investment interest in AI-driven real estate technologies.

The article discusses the impact of New York State's 485x housing incentive program on large-scale multifamily housing development in New York City. It explains how wage mandates tied to unit thresholds have made projects over 99 units financially unfeasible, leading developers to build multiple smaller buildings instead of larger ones, which increases costs and reduces housing supply. The author argues that these wage triggers should be eliminated to allow for efficient large-scale construction, which is essential to address the city's severe housing supply crisis and affordability issues.

The data center sector in North America is experiencing rapid growth with record-low vacancy rates and a large portion of new construction already preleased. Demand for power and sustainable operations is driving innovation in cooling technologies and renewable energy procurement. Despite environmental concerns, the industry is advancing toward more efficient, zero-water data centers and increased clean energy use, aiming for 60% clean energy by 2035. Investments in grid infrastructure and power capacity are critical to support this expansion, especially as AI technology drives further demand for durable digital infrastructure.

TransUnion, a major credit reporting agency, is relocating its New York City office to a larger, fully furnished space at 1155 Avenue of the Americas in Midtown Manhattan to support its platform growth. The company has leased the entire 30,140-square-foot sixth floor of the Durst Organization's 42-story office tower, moving from its current location at 100 Park Avenue. The move aims to enhance collaboration and innovation among employees, with the Midtown location offering access to a diverse talent pool. Lease terms and rent details were not disclosed.

Crescent Real Estate, led by John Goff, secured a $596 million refinancing for The Crescent, a major mixed-use complex in Uptown Dallas, Texas. The property includes office towers, retail space, a parking garage, restaurants, and the Hotel Crescent Court. Crescent also acquired the Texas Capital Center and CBRE's headquarters in Dallas, reflecting significant investment in the city's office market, which is showing signs of stabilization with rising rents and declining vacancies.

The article highlights several high-value real estate transactions in South Florida, including a $12.5 million condo sale in Bal Harbour, a $16 million industrial property sale in Fort Lauderdale, and luxury home sales in Boca Raton and Palm Beach. It also notes a rise in mortgage delinquencies nationwide, with Mississippi experiencing the highest delinquency rates. These transactions reflect ongoing activity in both residential and commercial real estate sectors amid affordability challenges for homeowners.

@properties Christie’s International Real Estate has made leadership changes in its residential brokerage services in the Chicago area, with Jim Barcelona promoted to executive vice president and new vice presidents appointed for suburban offices. Jameson Sotheby’s International Realty and Fulton Grace also expanded their agent rosters in the Chicago and northern suburbs, focusing on residential real estate sales and development. The article highlights key personnel movements and company growth in the residential real estate market in Illinois.

Billionaire Ron Perelman sold his Upper East Side townhouse in New York City for $46.75 million after multiple price reductions from an initial $60 million listing. The 16,000-square-foot Neo Georgian mansion, built in 1930 and featuring 10 bedrooms and over 10 bathrooms, had been his primary residence and was previously a private aviators' club. This sale is part of Perelman's broader effort to downsize his assets, which included selling other high-profile properties and personal items. The townhouse sale follows a trend of marquee Upper East Side homes selling after long market periods.

The article discusses the political donations from prominent Chicago real estate figures in the Cook County Board President’s race, highlighting the split support between candidates Brendan Reilly and Toni Preckwinkle. Reilly has garnered significant backing from real estate investors and developers, while Preckwinkle has support from construction companies, trade unions, and progressive organizations. The race is set against the backdrop of challenges in Cook County's property tax system, with both candidates proposing different approaches to address recent issues. The winner of the Democratic primary is expected to secure the general election due to Cook County's strong Democratic leaning.

The article discusses the surge in capital availability and lending activity in the U.S. commercial real estate (CRE) market, highlighting a strong fundraising environment in 2025 and increased loan originations driven by alternative lenders, debt funds, and banks returning to the market. Despite increased lending, deal volume remains below peak levels due to limited transaction activity. Multifamily properties are a key focus for increased lending, supported by life insurance companies and federal agencies. The rise of private credit funds has filled the void left by banks pulling back from direct CRE lending, with banks innovating through financing structures to manage risk. While credit spreads have compressed and underwriting standards have loosened somewhat, experienced lenders emphasize caution to avoid overexuberance. The competitive lending environment has led to a race to the bottom in pricing, especially in transitional lending, but most lenders maintain discipline to avoid uneconomic deals. Overall, the CRE debt market is recovering with strong liquidity and competition, but risks remain from inexperienced lenders and aggressive underwriting.

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The article discusses the growing trend of integrating advanced wellness and longevity features into luxury residential real estate, particularly in South Florida. Developers are incorporating biohacking elements such as reverse osmosis water systems, IV therapy, red-light panels, and on-site medical services to enhance residents' health and lifespan. The wellness real estate market is rapidly expanding, with projects like The Well offering comprehensive medical and holistic services within condo developments. This trend reflects a shift towards designing buildings that promote vitality and reduce stress, influenced by the pandemic's impact on health awareness.

The Manhattan office market is experiencing a significant shortage of high-quality, large contiguous office spaces, leading tenants to make lease renewal or relocation decisions years in advance. Vacancy rates in Manhattan are the lowest among major U.S. markets, driving strong demand from law, finance, banking, and tech firms for trophy and Class-A office buildings. Landlords are responding by renovating existing properties and planning new skyscraper developments, confident tenants will pay premium rents. This dynamic marks one of the tightest landlord markets in Manhattan in two decades.

Insurance companies face a peak of $17 billion in office debt maturities in 2026, with significant maturities continuing through 2028. Insurers are reducing exposure to office loans and reallocating capital toward multifamily and industrial properties. Many are offloading office debt to alternative asset managers, with some loans being refinanced or retired early by strong sponsors. While some office properties face challenges due to high vacancies and value declines, overall losses for insurers are expected to be limited due to conservative underwriting and loan extensions. Notable transactions include refinancing and debt retirements in California and Massachusetts.

IRA Capital acquired a portfolio of 25 healthcare properties for $348.9 million in January, partnering with CPP Investments and an unnamed Asian sovereign wealth fund in a joint venture. The 1.5 million square foot portfolio includes modern outpatient care facilities located in Texas, Iowa, Indiana, Ohio, Utah, and Nevada. This acquisition is part of IRA Capital's broader investment strategy, having invested approximately $1.7 billion in healthcare assets over the past 18 months. Healthcare Realty Trust was the seller and has completed significant dispositions totaling $682 million recently.

The article discusses the recent sharp decline in stock prices of major commercial real estate brokerage firms like CBRE, driven by investor fears that artificial intelligence (AI) could disrupt their traditional, labor-intensive business models. Despite strong earnings and growing deal activity, concerns about AI reducing the need for human brokers and lowering fees have unsettled the market. Industry leaders argue that AI will augment rather than replace brokers, emphasizing the value of human judgment, relationships, and trust in real estate transactions. While some operational roles may face automation, the brokerage sector is adapting by integrating AI tools to improve efficiency and client service. The overall impact of AI is expected to evolve over the next decade, potentially reducing fees but increasing capital flows in the commercial real estate industry.

The article discusses the growing trend of using blockchain-based tokenized investment vehicles in commercial real estate, highlighting both the potential to democratize access to large deals and the risks posed by unscrupulous actors and unregulated platforms. It notes the rapid growth in tokenized real estate assets and the promise of increased liquidity and reduced transaction costs, while cautioning investors to exercise due diligence amid a largely unregulated and volatile market. The article also mentions ongoing legislative efforts to regulate the space and improve investor protections.

Tom Pritzker resigned as executive chairman of Hyatt Hotels Corp. due to his ties to Jeffrey Epstein, following revelations from unsealed court documents and emails. Pritzker, a former CEO and member of Hyatt's founding family, expressed regret for his association with Epstein and Ghislaine Maxwell. His resignation is part of broader fallout involving officials and executives linked to Epstein. Mark Hoplamazian, Hyatt's president and CEO, replaced him immediately.

Majestic Realty Co. denied selling or leasing its warehouse facility in Hutchins, Texas, to the Department of Homeland Security for use as an ICE detention center, despite rumors and reports to the contrary. Local officials and residents expressed opposition to converting warehouses into detention facilities, and similar plans in Virginia and Oklahoma were also canceled amid public outcry. The Trump administration plans to spend $38.3 billion to acquire and convert warehouses nationwide into large detention centers under the ICE Detention Reengineering Initiative.

Legislation to allow a casino in Fairfax County, Virginia, has advanced in the state Senate with broader location parameters than previous attempts. The bill requires the casino to be part of a mixed-use project of at least 1.5 million square feet but removes earlier location restrictions tied to Metro stations and malls. The casino is proposed as a new source of tax revenue to support school construction and address budget shortfalls due to declining office property values. The bill still faces opposition in the House of Delegates and local officials, with a public vote required if it passes. Developer Comstock Cos. is a key proponent, having proposed a large development near the Spring Hill Metro station.

The Palisades Center, a large retail mall in West Nyack, New York, was sold for $175 million, less than half its previous mortgage value, ending a foreclosure process that began in 2023. Black Diamond Capital Management, the sole bidder, plans to invest in the property to maintain it as a retail, dining, and entertainment destination, targeting affluent consumers in the densely populated area. The mall has faced significant value decline due to anchor store closures and reduced foot traffic but remains a key asset in the region.

Jollibee Foods Corp. reported record sales growth in 2025 and is planning significant U.S. expansion in 2026, particularly targeting the Chicago area and its suburbs. The company operates primarily through leased sites, with suburban locations featuring drive-thrus in freestanding buildings and urban sites often in strip centers. Jollibee aims to grow from 78 U.S. locations to 500 across North America by 2030 and plans to separate its international business by 2027, including a potential U.S. stock exchange listing.

Shareholders of Howard Hughes Holdings Inc. have filed a lawsuit against Pershing Square and CEO Bill Ackman, accusing them of coercion and bullying to force a $900M investment deal that grants Pershing Square significant operational control without a proper control premium for minority investors. The suit alleges that Ackman threatened board members and improperly influenced the deal approval process, including conflicts of interest involving a board member also employed by Pershing Square. The investors seek relief ranging from cash compensation to appointing a new independent board, challenging the fairness of the deal and governance practices.

Wendy's plans to close 5% to 6% of its nearly 6,000 U.S. fast-food locations, totaling about 300 to 360 stores in the first half of the year, following a decline in same-store sales and overall global sales. The company aims to focus on everyday value rather than short-term promotions to regain customers, similar to competitors like McDonald's. Yum Brands, owner of Pizza Hut, also announced plans to close 250 U.S. locations this year. These closures reflect efforts to improve financial performance and update outdated stores.

Major renovations have been completed at the Tropicana Atlantic City and are underway at the Hard Rock Hotel & Casino, both located in Atlantic City, New Jersey. These upgrades aim to enhance the in-person gaming and hospitality experience amid growing competition from online gambling platforms. The article also highlights ongoing real estate activity in Atlantic City, including the sale of a defunct casino property and optimism about residential development in the area.

Ricardo Dunin and Juan Carlos Tassara's North Development joint venture has launched sales for the House of Wellness-branded condominium in Brickell, Miami, featuring 656 units with wellness-focused amenities and prices starting at $390,000. The project, originally planned as a hotel, includes studios to two-bedroom floorplans and extensive wellness facilities. This development is part of several large-scale projects by the partners in Brickell, including Domus Brickell Center and Domus Brickell Park. The article also references other wellness-oriented condo projects in the Miami area.

The article discusses the financial challenges facing U.S. hospitals due to significant federal funding cuts to Medicaid, Medicare, and Affordable Care Act subsidies, which threaten health insurance coverage for millions and reduce hospital revenues. These pressures are causing increased hospital vacancy rates, more distressed sales, and potential closures, especially in rural areas heavily reliant on Medicaid. Hospitals are responding by cutting services, delaying expansions, and exploring real estate strategies like sale-leasebacks, though these carry risks. The situation is expected to worsen as funding cuts take effect, impacting hospital operations and local economies.

Equinix and Digital Realty, two leading data center REITs, have historically been less involved in the AI-driven data center boom focused on large campuses for AI training. However, they are now benefiting from a shift toward AI inference workloads, which require data centers near major population hubs with strong interconnection capabilities. Both firms have seen significant growth in bookings and share prices due to increased demand for inference capacity in major metro areas like Chicago, Dallas, New York, Seattle, and Washington D.C. Their strategy includes developing new capacity in power- and land-constrained urban markets and banking powered land to meet future demand, positioning them as dominant players in the evolving AI infrastructure market.