The Roman Catholic Diocese of Santa Rosa is selling multiple properties in Northern California as part of its bankruptcy reorganization, including vacant land, a vineyard, a small home, and a former clergy residence. These properties are located in Sebastopol, Yountville, Napa, Rio Dell, and Santa Rosa, with sales subject to court approval and potential bidding. The diocese aims to offload these assets to address financial and legal challenges.

BDT & MSD Partners received endorsement from Boca Raton’s Planning and Zoning Board for an eight-story condominium and a three-story fitness center development on the grounds of The Boca Raton resort. The project will replace the golf maintenance facility with a 76-unit multifamily highrise and a large fitness center. The Boca Raton resort, a historic luxury resort with extensive amenities, was purchased by MSD Partners in 2019 and later merged with BDT & Company. The development reflects growing interest in Boca Raton from affluent residents and developers, with additional condo projects planned nearby.

Eric Ruderman and Stacey Empson purchased a long-vacant lakefront lot in Evanston, Illinois, near Northwestern University, and developed a custom home after overcoming local political and environmental challenges. The design balanced historic neighborhood aesthetics with modern elements and included features for aging in place, such as an elevator and indoor pool, accommodating Empson's Parkinson's diagnosis. The project involved specialized construction to address shoreline erosion and a high water table.

Private equity billionaire Greg Mondre sold a teardown property in Palm Beach, Florida, for $36.3 million, after purchasing it for $31 million less than a year ago. The 0.8-acre oceanfront property includes a 6,100-square-foot home with seven bedrooms and seven bathrooms. Mondre also recently acquired a larger oceanfront parcel nearby for $58 million and owns another home in North Palm Beach. The sale is part of a series of high-value real estate transactions in the Palm Beach area involving luxury waterfront estates.

U.S. Immigration and Customs Enforcement (ICE) has purchased a warehouse in San Antonio, Texas, and is reportedly considering acquiring another large warehouse in Hutchins, Texas, to expand federal detention facilities. The San Antonio property is a nearly 640,000-square-foot industrial building, while the Hutchins site is a 1-million-square-foot warehouse near Interstate 45. Both purchases have sparked local opposition and concerns about the impact on communities, including tax revenue loss and infrastructure capacity. ICE has not disclosed full details or confirmed all transactions, but the expansions are linked to new federal funding for detention facilities.

Khosla Capital secured a $96 million Freddie Mac-backed refinancing loan for Prospect Place, a luxury multifamily residential complex in Hackensack, New Jersey, consisting of two buildings with a total of 360 units. The financing aims to support ongoing investments and enhancements to the property. Hackensack has experienced a development boom with multiple projects, including a new 2.7-acre site planned for up to 350 units with retail and parking. Additionally, Ursa Development Group and Fields Grade obtained a $150 million loan to refinance The Devan, a 336-unit multifamily complex in Jersey City, New Jersey.

A joint venture led by Related Companies and Related Group sold The Falls of Bonaventure, a 300-unit affordable housing complex in Broward County, Florida, for $50.5 million. The buyers, including Foundation for Affordable Housing and Spira Equity Partners, secured $53.1 million in financing for the acquisition. The property, consisting of two five-story buildings on 20 acres, was originally purchased in 1993 by Roizman Development. Related Companies and Related Group have roots in affordable housing development, with Related Group now Miami's largest condominium developer and Related Companies known for Hudson Yards in New York.

Gencom, a real estate investment firm, has acquired the 253-key Ritz-Carlton New York, Central Park hotel, marking its third luxury hotel purchase in New York City within 16 months. The acquisition strengthens Gencom's portfolio of luxury hotels in one of the world's premier leisure and business travel destinations. The deal is part of a broader buying spree in New York City, with previous purchases including the Thompson Central Park New York and InterContinental New York Times Square hotels. The Ritz-Carlton, built in 1930, features upscale amenities and is located at the heart of Manhattan's luxury ecosystem.

The former Westminster Mall in Westminster, California, is being redeveloped by Shopoff Realty Investments into Bolsa Pacific, a large mixed-use project featuring 2,250 residential units, retail space, a 120-room hotel, and public parks. The project is in the entitlement phase with demolition and construction planned to start this year. This redevelopment is part of a broader trend in Orange County to transform aging shopping centers into mixed-use communities, including projects at South Coast Plaza in Santa Ana and Lakewood Center in Lakewood.

Affordable housing construction in the U.S. surged by 73% from 2020 to 2024 compared to the previous five years, with Seattle leading in total units built and San Antonio showing the fastest growth rate. Key factors driving this increase include government policies like the low-income tax credit and the American Rescue Plan. Other notable markets with significant growth include Phoenix, Charlotte, and New York City.

New York Life is selling the Woodfield Corporate Center, a two-building office complex in the Chicago suburbs, after holding it for nearly two decades following a foreclosure in 2011. The sale reflects challenges in the suburban office market, including high vacancy rates and reduced demand post-pandemic. The property is being marketed by Colliers, and the sale highlights broader trends of institutional owners exiting troubled suburban office assets amid high interest rates and shifting work patterns.

Westbrook Partners has sold two Ritz-Carlton hotels located in Midtown Manhattan, New York, and Washington, D.C., to Miami-based investors Gencom and Trinity Investments, respectively. Gencom acquired the 253-room Manhattan hotel, marking its third NYC acquisition in under 18 months, while Trinity is close to finalizing a deal for the 300-key D.C. hotel. These transactions reflect a trend of luxury hotel sales driven by strong demand and limited supply, despite challenges in the D.C. market due to reduced business travel and international travel uncertainties.

The Norton Museum of Art in West Palm Beach, Florida, is planning a $200 million expansion to add about 100,000 square feet to its campus, allowing it to display more of its extensive art collection. The expansion follows a major renovation completed in 2019 and is driven by increased donations and community support. The project is designed by Foster + Partners and awaits approval from the West Palm Beach City Commission.

Bayshore Properties acquired the Woodlands of Crest Hill Apartments, a 730-unit garden-style multifamily community in Crest Hill, Illinois, for $110 million. The acquisition was financed with $94.9 million in agency debt provided by Greystone, including a 10-year fixed-rate Fannie Mae-backed loan and a separate mezzanine loan. The property features studio, one-bedroom, and two-bedroom units along with amenities such as a clubhouse, fitness center, swimming pool, and outdoor volleyball courts.

The article details the trial of the Alexander brothers, who are accused of a decade-long sex trafficking scheme involving the use of drugs such as MDMA, ketamine, and GHB to incapacitate women before assaulting them. Evidence includes messages and emails showing coordination to obtain and use these drugs during parties and trips, including events in New York and Miami. The brothers deny the allegations, which form part of a 12-count indictment. The case highlights the use of sedative-hypnotic drugs to facilitate sexual assault and the involvement of associates in the scheme.

Erez Asset Management, a major shareholder in multifamily REIT Veris Residential, has called for the company to explore strategic alternatives including a potential sale, believing the REIT is undervalued and could fetch a 40% to 70% premium over current stock prices. Veris owns 17 apartment developments primarily in New Jersey and Massachusetts, and despite strong occupancy and recent asset sales, its stock has traded at a discount to net asset value. Erez cites recent REIT sales and market conditions as favorable for a buyout and has requested a meeting with Veris management to discuss its proposal.

Milan has become Europe's hottest luxury housing market, with prices rising significantly due to international buyers, favorable tax policies, and redevelopment linked to the Winter Olympics. The city’s high-end residential market, especially in areas like Brera and Scalo Romana, is experiencing record prices and strong demand, including a shift toward panoramic penthouses and student housing conversions. Surrounding suburbs like Monza and Brianza are also seeing increased property values as Milan undergoes a decade-long transformation.

Starwood Property Trust acquired The National, a 52-story mixed-use skyscraper in downtown Dallas, Texas, after a foreclosure auction due to financial difficulties faced by developer Todd Interests. The redevelopment project, which transformed the former First National Bank Tower into a mix of apartments, hotel rooms, offices, retail, and restaurants, struggled with high interest rates, falling property values, and low occupancy. The foreclosure reflects broader challenges in downtown Dallas office and mixed-use markets, with the future of the property and its tenants uncertain.

January 2026 experienced the highest number of layoffs since 2009, particularly impacting business and professional services with a 118 percent increase in job cuts compared to January 2025. Hiring intentions also dropped by 13 percent, signaling employer pessimism for 2026. Despite the layoffs, wages remained stable with average increases of 4.5 percent, and those rehired saw wage growth averaging 6.4 percent. This data highlights a challenging labor market outlook early in 2026.

The University of Illinois-led Discovery Partners Institute is set to purchase a distressed 16-story office building at 250 South Wacker Drive in Chicago for about $25 million. The building, largely vacant after Molson Coors Brewing Company relocated its headquarters, was previously bought for $90 million in 2011. The institute, focused on AI and quantum computing, plans to establish a permanent home there after abandoning a previous plan to anchor a facility in The 78 megadevelopment. The purchase adds to a trend of discounted sales of older office buildings in Chicago, Illinois.

Two condominium towers in downtown San Jose, California, comprising 640 units, are being marketed for sale by Machine Investment Group and Centurion Real Estate Partners following a foreclosure acquisition. The owners are investing $30 million in renovations and upgrades to attract buyers amid strong housing demand in the area. While many units remain unsold, interest is growing, including from current residents seeking larger units.

The Godfrey Hotel in Chicago, a 221-room hospitality property owned by Oxford Capital and financed partly through foreign EB-5 investors, is facing foreclosure by its senior lender Quadrum Global due to loan defaults and depleted financial reserves. The $63 million loan, refinanced in 2023, is now in default with $57 million still owed, risking the loss of equity for the EB-5 investors. Oxford Capital has a history of amicably handing properties back to lenders while continuing to operate them. This situation reflects broader financial distress in Chicago's hotel market, including other EB-5 related litigation involving hotel projects in the city.

The U.S. Department of Homeland Security purchased a 418,000-square-foot warehouse in Surprise, Arizona, for over $70 million to convert it into a 1,500-bed detention facility for Immigration and Customs Enforcement. The acquisition is part of a broader DHS effort to expand detention space nationwide amid increased federal immigration activity. The purchase faced local opposition, with Surprise city officials stating they had no prior knowledge or control over the transaction or the facility's intended use due to federal jurisdiction.

Compass's lawsuit against Zillow over its listing policy was dealt a setback when a federal judge denied Compass's request for a preliminary injunction, allowing Zillow to continue enforcing its policy while the case proceeds. The judge found no direct evidence of anticompetitive behavior or monopoly power by Zillow. The dispute centers on Zillow's listing policy and its impact on competition and marketing strategies in the real estate industry, with both companies emphasizing the policy's importance to their business models.

Westbrook Partners has sold two Ritz-Carlton hotels located in New York City and Washington, D.C., with buyers Gencom and Trinity Investments respectively. The luxury hotel market shows growth in revenue per available room, despite an overall industry decline. Additionally, Blackstone purchased the Four Seasons hotel in San Francisco, marking its first hotel acquisition in the city in a decade. Gencom, along with other investors, also acquired the InterContinental New York Times Square hotel. These transactions highlight active investment and divestment in the hotel sector across major U.S. cities.

Sky Zone, an indoor play experience featuring trampolines and obstacle courses, is expanding its presence in New York with new leases totaling over 190,000 square feet across multiple locations including East Harlem, the Bronx, Queens, and Brooklyn. The brand continues to grow its footprint in the boroughs with plans to open several large facilities by 2027, offering various pricing options and memberships to attract families and children.

Work on New York's Gateway Tunnel project, aimed at replacing century-old Amtrak tunnels under the Hudson River, has halted due to the federal government withholding funding. This stoppage has led to the loss of about 1,000 jobs and threatens the integrity of the North River Tunnel. The funding dispute involves political negotiations and legal action, with significant impacts on transportation infrastructure in New York and New Jersey, including the Second Avenue Subway extension.

DRA Advisors and KPR Centers secured a $415 million loan from HPS Investment Partners to refinance a portfolio of 13 grocery-anchored open-air shopping centers totaling 2.4 million square feet in the Northeast U.S. The properties are located in Pennsylvania, Connecticut, Massachusetts, and New Jersey. Newmark arranged the debt financing for the transaction.

The article details significant personnel moves and recruitment activities among luxury real estate brokerages in Beverly Hills and surrounding Los Angeles areas, including Hilton Hilton, The Agency, Compass, Resident Group, Coldwell Banker Realty, and Rodeo Realty. Key agents and teams have shifted firms, with notable sales volumes and high-profile client transactions highlighted. The focus is on residential real estate services, including advisory, design, and development, with no mention of commercial or other property types.

Ranco Capital and the Gilardian family secured $115 million refinancing for 162 East 36th Street, a 22-story multifamily building with 160 units in New York City. The financing from Affinius Capital will support construction completion and lease-up stabilization. The building, located in Manhattan's Murray Hill neighborhood, will include studios, one-bedroom, and two-bedroom units, along with ground-floor retail space, addressing the high demand for quality multifamily housing in the area.

Equity Residential, a housing-focused REIT, reported strong occupancy of 96.4% and increased funds from operations in Q4 2025 despite economic challenges. The company saw robust rental growth in coastal markets like San Francisco and New York, purchased 2,439 housing units totaling $636.8 million in 2025, and sold 803 apartment units in Los Angeles, Seattle, and Hoboken, New Jersey. Equity Residential also initiated significant share repurchasing programs to reduce shares outstanding, attributing strong resident retention to customer service and housing affordability issues.

APF Properties lost ownership of a Midtown office building at 25 West 45th Street after foreclosure proceedings, with Wells Fargo acquiring the 200,000-square-foot property for $45.1 million. The building faced high vacancy and financial difficulties following WeWork's lease termination and the pandemic's impact on the office market. Additionally, Stefan Soloviev's firm purchased a nearby site at 24 West 57th Street from APF for over $67 million, with plans for a large office development.

A 4.8-acre lot in Paradise Valley, Arizona, sold for $14.3 million, marking the highest price-per-acre in the state this year. The property, which includes a nine-bedroom home likely to be demolished, was purchased for use as a primary residence. This sale reflects strong land value and increased sales activity in the area, with neighboring lots also seeing significant transactions in recent years.

A historic Beverly Hills estate originally built for actor James Cagney is listed for $38.5 million. The 5-acre compound includes a main house expanded to 6,000 square feet, a guest house, pool, outdoor kitchen, and sports courts. Despite new transfer taxes and potential billionaire tax, the luxury real estate market in Los Angeles is seeing increased buyer interest and limited inventory.

Spira Equity Partners and Foundation For Affordable Housing acquired a 300-unit low-income apartment complex called The Falls of Bonaventure in Weston, Florida, for $50.5 million. The property consists of two five-story apartment buildings and a clubhouse on nearly 20 acres. Both firms have extensive portfolios in affordable housing, with Foundation For Affordable Housing owning nearly 38,000 units nationwide. The article also highlights other recent affordable housing transactions in South Florida, including sales and renovations of apartment complexes and senior independent living facilities, reflecting strong investor interest driven by regional housing demand and affordability challenges.

Griffin Capital secured a $47 million refinancing loan for 1900 Parmer, a 364-unit apartment complex in north Austin, Texas, despite a challenging multifamily market caused by an oversupply of new apartments. The property, completed in 2024 and nearly fully occupied, benefits from its location near the Domain, a strong office submarket in Austin. Griffin developed the complex as part of its first Qualified Opportunity Zone Fund and has since raised $2 billion in equity across multiple funds managing 32 properties in the Sun Belt.

The article highlights several high-value real estate transactions in South Florida, including the sale of a mansion in Manalapan for $31.5 million, a shopping center in Miami for $23.2 million, a newly built single-family home in Miami Beach for $16.2 million, and a condo in Miami for $10.6 million. These deals involve residential and commercial properties with notable buyers and sellers, reflecting the active luxury real estate market in the region.

The article discusses New York City's $38.4 million investment to install heat pumps in 712 public housing units managed by the Housing Authority, highlighting ongoing issues with heating reliability in NYCHA developments. It also covers challenges faced by private landlords and government housing programs, the foreclosure and bankruptcy of the Fordham Landing mixed-use project, and recent real estate transactions and developments in New York City, including residential and commercial deals and new building permits.

In New York City, there were 206 real estate transactions totaling $353 million within 24 hours on February 5, 2026. Notable sales included a $19 million townhouse in the West Village, a $30 million commercial land parcel in Hell’s Kitchen planned for a 71-unit apartment building, and a $26.2 million office building in the Garment District. Other significant residential sales involved townhouses and luxury units on the Upper East Side, Midtown, and Greenwich Village, with prices ranging from $11.2 million to $18.2 million. The city’s residential mortgage market shows a lower troubled mortgage rate compared to the national average, despite some localized difficulties.

The article discusses the Cook County Assessor race in Chicago, focusing on candidates Patrick Hynes and incumbent Fritz Kaegi. Real estate developers and construction unions have heavily supported Hynes, who promises more predictable property tax assessments and plans to attract business development. Kaegi, elected in 2019 as a reform candidate, has faced criticism for his handling of commercial property reassessments post-pandemic and delayed tax bills but retains support from some real estate investors and government worker unions. The property tax system's impact on multifamily construction and residential tax burdens in lower-income areas is a key issue in the campaign.

The U.S. population growth slowed to 0.5% in 2025, driven by a sharp decline in international migration and a record low fertility rate. This demographic shift is expected to impact apartment markets, particularly in gateway cities, by putting downward pressure on home prices and rents. Despite a surge in new apartment construction during the pandemic, rent growth has slowed, with some markets like Miami and Phoenix experiencing rent declines. Immigration remains a key driver of population growth in many states, but recent deportation policies and reduced migration are causing uncertainty for developers. Fast-growing states include Texas, Arizona, North Carolina, South Carolina, Idaho, Utah, Delaware, and Washington, while Florida's growth has slowed. Major cities like New York and Chicago continue to face housing shortages and high rents despite the slowdown.

The Colorado legislature is considering two opposing bills that could significantly impact the growth of data centers in the state. House Bill 26-1030 proposes a 20-year sales and use tax exemption to encourage data center development, while another pending bill may require companies to offset energy use with renewables and cover infrastructure upgrade costs, potentially deterring growth. Colorado has many advantages for data centers, including infrastructure and workforce, but lacks competitive tax incentives compared to other states. Industry leaders warn that without favorable policies, Colorado risks losing data center investments and related economic benefits to states like Georgia, Texas, and Virginia. The debate highlights the balance between promoting clean energy and fostering economic development in the data center sector.

Jeff Greene is required to complete the mixed-use One West Palm project in West Palm Beach, Florida, by the end of 2027 or face a $5 million penalty. The project includes two towers with apartments, hotel rooms, office space, and various amenities. After legal disputes and delays, Greene reached an agreement with the city involving a land swap and funding for park improvements, allowing him to proceed with additional condominium developments pending final approvals.

A 90% stake in a 16-story office building at 254 W. 35th St. in Manhattan's Garment District was sold for $26.2 million, reflecting a rebound in Manhattan commercial real estate. The building, originally purchased for $16.2 million, was planned for conversion to self-storage but no permits have been filed since 2019. The buyer, Joyland Management, financed the purchase with an $18.5 million mortgage, and a 99-year ground lease was signed by a Brooklyn developer. The transaction highlights a 34% increase in Manhattan office sales prices from 2024 to 2025.

Acre received approval to develop Adela II, a 337-unit apartment complex in Miami adjacent to a waterfront park, featuring workforce housing, retail space, and a 502-space parking garage with public parking. The project includes a $1 million mitigation payment to a Miami City Commission member and awaits final permits and a street deed transfer. Construction is expected to start within a few months, with rents similar to Acre's existing nearby apartment complex. The development was rezoned to allow up to eight stories and 337 units, with restrictions on future density increases under the Live Local Act.

Rex Glendenning and his wife acquired an 815-acre tract called Pace Ranch near Gainesville, Texas, with plans to develop a mixed-use project including thousands of residential units and industrial space. The northern portion is intended for housing with up to 1,000 single-family homes and 2,000 to 3,000 apartments, while the southern portion may be used for logistics or industrial purposes. The development is positioned to capitalize on growth along the I-35 corridor north of Dallas and Fort Worth, near other large logistics projects and retail acquisitions. Glendenning also plans to relocate his real estate firm headquarters to Celina, Texas, with a new office building under consideration.

A Santa Clara County judge dismissed a lawsuit filed by the town of Los Gatos challenging the interpretation of California's Permit Streamlining Act regarding the number of 90-day resubmittal periods allowed for housing development applications. The court ruled in favor of the state, allowing developers an indefinite number of resubmittal periods. The lawsuit involved Arya Properties LLC and its projects under the builder’s remedy law, which permits developers to build without local height and size restrictions if the city lacks a certified housing element. Following the ruling, Los Gatos committed to continuing application processing and complying with state housing mandates.

Rick Caruso, a billionaire developer, is reconsidering his decision not to run for mayor of Los Angeles following controversy involving Mayor Karen Bass and the handling of a fire after-action report. The potential candidacy would set up a rematch between Caruso and Bass in the upcoming mayoral race, which has seen other candidates drop out. Caruso criticized city leadership over issues like public safety, infrastructure, and stalled mixed-use developments such as the Oceanwide Plaza, highlighting concerns about corruption and accountability in Los Angeles.

The industrial real estate market is experiencing a record high vacancy rate, driven by a surplus of warehouse space, including a significant amount of sublease space, and a slowdown in demand from housing-related industries. Despite a decrease in new large logistics projects under construction, many remain unleased, contributing to a tenant-favorable market with minimal rent growth expected through 2027. The West Coast industrial sector has been particularly affected by tariffs, leading to reduced absorption and rent repricing, with potential for vacancy rates to rise further if trade tensions persist.

McCaffery Interests proposed redeveloping the former Mars Wrigley candy factory site in Chicago, Illinois, into nearly 500 residential units including senior housing, townhomes, and apartments. The plan faces community resistance due to concerns about increased housing density, parking, and neighborhood impact, with residents preferring single-family homes or condominiums and calling for more community amenities like libraries or youth centers. The proposal is still under discussion with local officials and community input.

The Los Angeles City Council approved an ordinance to streamline the approval process for temporary and some permanent construction projects related to the 2028 Olympic and Paralympic Games. The ordinance allows certain projects to bypass zoning and city approval if individually approved by the council, aiming to facilitate the development of venues, training facilities, media centers, and other necessary infrastructure. The ordinance includes provisions for clear criteria on temporary projects becoming permanent, quarterly reporting, and a 14-day approval timeline. The financial impact on LA taxpayers remains a concern amid ongoing negotiations about the Games' costs.

The Department of Homeland Security is purchasing industrial warehouses across the U.S. to convert into large immigration detention centers, including a $120 million facility in Pennsylvania. These sites, some vacant and requiring retrofitting, are intended to significantly expand ICE's detention capacity, sparking protests and resistance in several states such as Maryland, Oklahoma, Virginia, and Utah. The controversial plans have led some warehouse owners to withdraw from sales or leases to ICE.

A Chicago-based developer, 3L Real Estate, is converting a historic 16-story office building in Downtown Fort Worth, Texas, into a 330-unit apartment complex, preserving the mid-century exterior while fully rebuilding the interior. The project includes studios, one- and two-bedroom units, amenities like a rooftop deck and fitness center, and retains ground-floor restaurant space. Public incentives support the redevelopment, with 20% of units offered at below-market rents. This conversion is part of a broader trend of office-to-residential projects in Fort Worth's urban core, alongside other planned residential and senior housing conversions.

A Miami-based private equity firm, Volta Global, acquired a mixed-use site anchored by Office Depot and including a self-storage component in Hialeah, Florida, for $23.1 million. The property consists of a strip mall and a two-story big box store with self-storage, reflecting the current South Florida market trends where strip malls are highly sought after despite a slowdown in self-storage rent growth. The acquisition highlights Volta Global's continued investment in self-storage, multifamily, and hospitality properties in the U.S. The firm's founder previously faced SEC penalties related to a failed Swiss investment fund.

Floyd Mayweather rented a luxury condo at the Baccarat Hotel and Residences in New York but stopped paying rent in mid-2024, accruing over $330,000 in unpaid rent and damages. The condo owners, Miami-based entrepreneurs, filed a lawsuit and negotiated a repayment settlement that Mayweather failed to meet. The owners plan to relist the unit for sale or rent. Despite Mayweather's significant earnings and real estate investments, including a $402 million minority interest in a portfolio and a $100 million equity joint venture, reports have questioned his financial stability due to foreclosures and lawsuits.

Los Angeles County has approved over $40 million in loans to support affordable housing developments across several cities including Los Angeles, West Hollywood, and Whittier. These funds contribute to larger capital stacks totaling $562 million, aimed at creating 687 affordable units for seniors, families, and homeless individuals. Key projects include New High Village with senior and family apartment complexes, PATH Villas Windsor Hills with supportive housing, Venice Dell with apartments and retail, and multiple supportive housing projects in West Hollywood and Whittier. This funding complements state grants to further affordable housing efforts in the region.

Rexford, a Los Angeles-based industrial real estate investment trust, plans to sell $400 million to $500 million in assets this year as part of a strategy to maximize returns and repurchase shares following activist investor Elliott Investment Management's involvement. The company reported a $69 million loss in Q4 due to impairments and transition costs but offset by gains on sales. Rexford is discontinuing six development projects totaling 850,000 square feet and has a 90% occupied portfolio despite rent declines in the Southern California industrial market.

Roblox Corporation is expanding its global headquarters at the Bay Meadows campus in San Mateo, California, by pre-leasing over 325,000 square feet in two new office buildings expected to be completed by 2029. The company will have over 1 million square feet at the campus to accommodate 6,000 employees. The Silicon Valley Peninsula is seeing strong demand for high-end office space, with other companies like Upstart Holdings, Paul Hastings, and Databricks also leasing modern office buildings nearby. Meanwhile, some older office buildings, such as GoPro's former campus, are being converted into residential communities.

Temple University has unveiled a strategic plan to transform its North Philadelphia campus over the next two decades, focusing on expanding on-campus housing and upgrading STEM facilities. Key projects include a new mixed-use residence hall with retail and recreational spaces, renovations of existing dorms, demolition and rebuilding of academic buildings, and enhancements to green spaces. These efforts aim to reduce student impact on the surrounding neighborhood and improve campus infrastructure, with housing for first- and second-year students as a top priority. Construction is also underway on Terra Hall, acquired after a nearby school's bankruptcy.

Rexford Industrial Realty, a major Los Angeles-based industrial real estate investment trust, is shifting its strategy from aggressive acquisitions to capital recycling and selective development focused on occupancy and cash flow. Despite a record year in warehouse leasing, the company reported a net loss in Q4 2025 due to executive transition costs but saw a 9.2% increase in core funds from operations for the year. Rexford sold several properties in 2025 and plans significant dispositions in 2026 while expecting slight declines in same-property net operating income and market rents. The firm remains confident in the long-term fundamentals of Southern California's infill industrial market, with ongoing development and leasing activity continuing amid market stabilization signs.