Private prison operators CoreCivic and GEO Group are experiencing rapid growth in detention space demand due to increased contracts with Immigration and Customs Enforcement (ICE). CoreCivic has expanded its detainee capacity significantly across facilities in California, Texas, Virginia, Kansas, Tennessee, and Oklahoma, while GEO Group has increased capacity in New Jersey, Florida, Georgia, and Michigan. The federal government is pursuing a large increase in detention beds, including plans to acquire and retrofit warehouses, primarily in Sunbelt and red states. ICE is also expanding its office network nationwide.

Robert Miller, a Palm Beach real estate investor, purchased a historic luxury home within the Mar-a-Lago Security Zone for $25 million, highlighting a surge in high-end real estate activity in the area following President Trump's 2024 electoral victory. The article details multiple significant luxury property transactions involving the Miller family and other notable owners in Palm Beach County, emphasizing the appeal of security and proximity to power. The properties include mansions and estates with substantial acreage and amenities, reflecting a trend of affluent buyers investing in exclusive waterfront and gated communities.

Delightful Development, led by Craig Cavileer, has acquired a historic former jail and adjacent land in downtown Georgetown, Texas, with plans to redevelop the site into a hospitality-focused project potentially including hotel rooms, restaurant space, and mixed uses. The project aims to preserve the historic limestone structure while enhancing tourism and commercial activity near Georgetown's cultural and commercial center. This adaptive reuse aligns with the city's growth and increasing corporate investment.

The condo association of Missoni Baia, a 249-unit luxury condominium in Miami, Florida, is suing the developer OKO Group and multiple contractors for numerous construction defects and failure to address issues despite prior identification. The lawsuit alleges the use of inferior materials, deviations from plans, and unresolved problems including structural cracks, water intrusion, and malfunctioning systems, which have prevented the issuance of a final certificate of occupancy. This legal action follows similar disputes involving other branded Miami developments.

A developer in Oak Brook, Illinois, plans to demolish seven aging office buildings along Butterfield Road to build a 225,000-square-foot Amazon retail store and a 150,000-square-foot Ashley Furniture flagship, aiming to transform the struggling office corridor into a retail hub. The project includes infrastructure improvements and is expected to boost sales tax revenue and attract more retailers, reinforcing Oak Brook's position as a regional shopping destination. The proposal is pending approval, with construction anticipated through 2027.

Nuveen, a New York-based real estate investment manager, proposed an €11.4 billion acquisition of U.K.-based Schroders, creating the world's fifth-largest real estate investment manager with over €210 billion in real assets. The merger would significantly expand Nuveen's European presence while Schroders continues to operate as a standalone business within Nuveen for at least 12 months. Both firms have been active in real estate and infrastructure acquisitions, and the integration could reshape their competitive strategies for institutional mandates.

Compass has expanded its office space to over 10,000 square feet at the Shops at Clearfork in Fort Worth, Texas, following a recruitment drive amid the area's population growth. The expansion reflects Fort Worth's growing luxury residential market supported by an influx of businesses and affluent residents. The Shops at Clearfork, a mixed-use district, attracts companies seeking modern office amenities away from older downtown buildings.

Merlone Geier Partners is planning to develop approximately 800 housing units across two parcels at South Shore Center, a major mall in Alameda, California. The proposed residential development aims to meet Alameda's state-mandated housing goals, including affordable units, and is part of the city's plan to add 5,353 new homes by 2031. The project is in early stages, with no official application filed yet. This follows previous housing proposals at the site and aligns with Merlone Geier's experience in redeveloping retail centers into mixed-use residential hubs.

Kimora Lee Simmons is living in a $25 million Beverly Hills mansion purchased by her estranged husband Tim Leissner using stolen funds from Malaysia's 1MDB sovereign wealth fund. Leissner pleaded guilty to the fraud and is serving a federal prison sentence. The mansion was sold in a distressed sale-leaseback deal to British billionaires but Simmons alleges the sale was unauthorized and has filed a lawsuit. The legal dispute over the property continues in Beverly Hills court.

The national home refinancing boom is slowing down, with refinancing growth dropping to 11 percent in late 2025 from 31 percent the previous year. Despite interest rate cuts by the Federal Reserve, new purchase loan originations and pending home sales have declined due to high housing prices, job concerns, and elevated rates. While most metros saw refinancing increases, Buffalo, New York experienced a steep decline. Conversely, San Jose, California saw a significant 71 percent increase in refinancing activity, driven by high home equity in the expensive Silicon Valley market.

A sovereign wealth fund has acquired a 15-property self-storage portfolio in New York for $1.03 billion through a joint venture with StorageMart, which holds a 20% stake. The portfolio, assembled by Carlyle and totaling about 1.3 million square feet with nearly 26,000 units, is approximately 78% occupied and located in Brooklyn, Queens, Manhattan, and Staten Island. StorageMart will rebrand the properties under its Manhattan Mini Storage banner, aiming to increase net operating income through improved management and leasing.

An investment firm based in Los Angeles and Dallas sold two San Diego office towers, One Columbia Place and Two Columbia Place, at a significant discount compared to their 2021 purchase price. The new owner, Golden Columbia, plans to redevelop the properties into an experience-driven workplace with enhanced amenities and hospitality services. This sale follows a trend of divestment from downtown San Diego office buildings, similar to moves by the Irvine Company, which has been selling office towers to focus on housing. Leasing and property management for the towers have been assigned to JLL and CBRE, respectively.

The article discusses the evolving role of artificial intelligence (AI) in commercial real estate, highlighting its current applications in front-facing customer interactions, back-office automation, and property operations, particularly in multifamily and self-storage sectors. Experts emphasize AI's potential to enhance investment decision-making by analyzing unstructured data and improving deal screening. The discussion also covers strategies for companies to build or buy AI capabilities, the importance of human oversight, and the cost-saving benefits of AI tools in areas like security. Panelists agree that while AI accelerates processes and improves accuracy, human empathy remains essential in negotiations and complex interactions.

Dalfen Industrial sold a warehouse complex called Turnpike Logistics Center in Palm Beach County, Florida, for $79.6 million, realizing a 31.4% gain since its 2021 purchase. The complex includes two buildings totaling over 317,000 square feet on nearly 30 acres. The buyer, Cabot, has been actively acquiring industrial properties in South Florida, expanding its logistics portfolio. The Palm Beach County industrial market is recovering with decreasing vacancy rates and rising rents, supported by a construction slowdown and strong absorption.

Cook County, Illinois, faces a potential constitutional and financial crisis as it prepares for a March 2026 tax sale of up to 40,000 properties with unpaid taxes, despite a recent U.S. Supreme Court ruling that governments must return surplus equity to property owners after tax sales. Illinois has not yet updated its tax sale laws to comply, leaving counties exposed to liability. Efforts to delay or reform the process have stalled, and other counties are requiring tax buyers to assume risk for excess equity claims. Legislation to mandate return of surplus proceeds is pending but may not pass in time to prevent the sale.

Houston's NFL team, the Houston Texans, will develop a new headquarters and practice facility within Toro District, an 83-acre entertainment destination in Bridgeland, a master-planned community northwest of Houston. The development will include retail, restaurant, hotel, entertainment, and commercial spaces, and is expected to generate significant economic impact and job creation. The project is a collaboration between Howard Hughes, Harris County, and the Houston Texans, with the facility planned to open in 2029. Bridgeland is a large community with extensive multifamily, office, and retail developments across multiple states.

Sentry Realty has leased 20,496 square feet of space at its 1370 Broadway office building in Midtown Manhattan to Sora, a high-end Japanese omakase restaurant, for 15 years. The lease covers the ground floor and lower level, with rents of $250 and $30 per square foot respectively. The building, located near Bryant Park and Pennsylvania Station, was acquired by Sentry Realty in January 2025 for $75.5 million, significantly less than its 2014 purchase price. The property includes tenants such as the Open Space Institute and Madaluxe fashion company.

Sentry Realty has leased 20,496 square feet of space at its 1370 Broadway office building in Midtown Manhattan to Sora, a high-end Japanese omakase restaurant, for 15 years. The lease covers the ground floor and lower level, with rents of $250 and $30 per square foot respectively. The building, located near Bryant Park and Pennsylvania Station, was acquired by Sentry Realty in January 2025 for $75.5 million. The property includes tenants such as the Open Space Institute and Madaluxe fashion company.

Immigration and Customs Enforcement (ICE) is rapidly expanding its physical presence across the United States by securing over 150 leases and office expansions in nearly every state, primarily in conventional office buildings near schools and medical facilities. This expansion, managed by the General Services Administration, aims to accommodate a growing workforce and is being expedited with limited public disclosure due to national security concerns. Key leasing projects have been awarded in cities such as Nashville, Dallas, Sacramento, Tampa, Miami, Pittsburgh, and Newark, with locations often near detention facilities, reflecting a coordinated enforcement growth under increased federal funding.

The article compares rent price changes and multifamily housing supply in San Francisco and Los Angeles over the past year. San Francisco experienced a 13% rent increase due to a declining multifamily construction pipeline and strong demand driven by AI industry growth, while Los Angeles saw a 1.8% rent decrease amid increased multifamily completions and higher vacancy rates. Despite job losses in both regions, San Francisco's limited supply and rising demand have led to significant rent hikes, especially in areas with AI company presence.

A report reveals that landlords in Los Angeles County significantly increased rental prices following the 2025 wildfires, potentially violating California's anti-price gouging laws. Despite thousands of cases of rent hikes over 10%, only 12 lawsuits have been filed. The report estimates up to $49 million in excess rent may have been collected, with enforcement efforts ongoing by city and state authorities. Penalties for price gouging have been increased to deter such practices, and legal actions target both individual landlords and housing companies.

Compass agent Kyle Blackmon won a $5.5 million arbitration award against UBS Financial Services over mishandling his Compass stock options related to the company's IPO and subsequent stock price fluctuations. The arbitration hearings took place in Florida, and Blackmon is registered in both New York and Florida. Blackmon is a prominent luxury real estate broker known for high-profile sales in New York City, including multi-million dollar co-op and penthouse transactions.

Investment in senior living real estate is surging as the aging baby boomer population drives demand. Transaction volume for senior living and care assets increased significantly in late 2025, with valuations rising and capitalization rates compressing. Despite strong investor confidence and a need for substantial new supply, the market faces challenges such as labor shortages and interest rate concerns. Major firms like Heitman and Healthpeak Properties are actively investing and restructuring portfolios to capitalize on growth opportunities in senior housing.

The D.C. Attorney General filed a lawsuit against landlord Ali "Sam" Razjooyan and associates, accusing them of running a fraudulent scheme involving the purchase and neglect of apartment buildings in Washington, D.C. The suit alleges they obtained renovation loans under false pretenses, left properties in disrepair, and defrauded lenders and the government while endangering hundreds of tenants. The complaint highlights numerous housing code violations and poor living conditions in over 600 residential units, mostly in Wards 7 and 8. The AG seeks to prohibit the defendants from doing business in D.C., restitution for tenants, and damages. Razjooyan denies the allegations and plans to contest them in court.

ETC Companies and Futerra have signed new leases at Dumbo Heights, a mixed-use and office campus in Brooklyn, New York, owned by RFR Realty and Kushner Companies. ETC Companies leased 2,800 square feet and Futerra leased 2,000 square feet at 55 Prospect Street, marking Futerra's first New York City office. The campus also includes tenants like Etsy, F45 gym, The Randolph brewery, and Vivvi day care, with additional space available for lease. Asking rents range from $45 to $55 per square foot.

A Marriott-branded hotel, The Westin in downtown Long Beach, California, sold for about $42 million, roughly half its price from nine years ago. The 469-room hotel was sold by Rockpoint and Highgate to Khanna Enterprises, with a note of $39 million. The low per-key price reflects upcoming costly property improvement plans estimated at $25 million, following a $23 million renovation completed two years after the previous purchase. The hotel also faced a union strike in 2024 resulting in a new contract and wage increase. The article also references other hotel transactions in California, including a high-priced deal in Malibu and a West Hollywood hotel sale, highlighting the current market conditions in the state's hotel sector.

A historic eight-story building at 401 South State Street in Chicago is being redeveloped into an innovative urban farming and food innovation hub by investor Marc Calabria and vertical farming firm Farm Zero. The project will include vertical farming, research labs, startup spaces, a public market, restaurants, and rooftop greenhouses, alongside plans for student or senior housing. This adaptive reuse project aims to integrate food production with health research and entrepreneurship, involving partnerships with the Illinois Institute of Technology, FDA, and international urban agriculture experts, marking a unique shift from traditional office or residential conversions.

Cabot Properties acquired three fully leased industrial warehouse buildings in West Palm Beach, Florida, totaling 450,505 square feet, from Dalfen Industrial for $79.6 million. The properties include two buildings at Turnpike Logistics Center and a third warehouse near Palm Beach International Airport, all modern and strategically located in a supply-constrained South Florida market. This acquisition increases Cabot's Florida portfolio to over 1.3 million square feet, reflecting strong demand for industrial real estate in the region.

A 2,300-acre mixed-use development called The Sustainable City USA is planned near Dallas, Texas, by Dubai-based SEE Holding. The project will include townhomes, multifamily, and senior living units with smart infrastructure and AI for energy management. Texas Attorney General Ken Paxton has launched an investigation into concerns that the development may impose religiously based governance, which the developer denies. The project is SEE Holding's first in the U.S. and aims to comply with all laws while serving the local community. Similar controversies have occurred with other large developments in North Texas.

Los Angeles' Measure ULA, a mansion tax on property sales over $5 million, has generated significant revenue for affordable housing but is also blamed for a sharp decline in multifamily and mixed-use development, contributing to a housing crisis and causing some investors and developers to exit or reduce activity in the city. Multifamily permitting and sales volume have dropped substantially since the tax's enactment, with many citing high costs, regulatory burdens, and local opposition as additional challenges. The tax and other economic factors have led to a slowdown in new housing production, threatening the city's ability to meet state-mandated housing goals and prompting some firms to shift focus to other states with more favorable development conditions.

San Antonio experienced a 38 percent drop in residential building permits in 2022 compared to 2021, with 3,885 permits issued, marking the lowest total in five years. Despite the slowdown, the market is consolidating with the top four homebuilders, led by Lennar, dominating permit issuance. The city's affordable land and streamlined permitting process, especially on the South Side near Texas A&M University – San Antonio, continue to attract development and institutional investment, supporting ongoing residential construction and master-planned communities.

Terra Developers secured $70 million in construction financing from Maxim Capital Group to build an eight-story condominium complex at 11-33 44th Drive in Long Island City, Queens. The project, acquired for $27.6 million in late 2024, will feature 113 condo units, ground-floor retail, and 23 parking spaces, with completion expected in March 2027. The development is noted for its strong market fundamentals and resilient demand in the area.

The historic Waldorf Astoria in Manhattan, New York, recently renovated over eight years with a $4 billion redevelopment, is being put up for sale by Dajia Insurance Group. The property includes a 375-room hotel and a 372-unit condominium offering, along with adjoining restaurants and retail spaces. The sale, expected to seek at least $1 billion, follows a complex history involving the original developer Anbang Insurance Group and pandemic-related delays and cost overruns.

L.A. Burdick Chocolates has signed a 10-year lease for 2,400 square feet of retail space at 933 Broadway in Manhattan's Flatiron District, marking its eighth U.S. location and second in New York City. The lease highlights the strength of the neighborhood's retail market, with nearby rents averaging $308 per square foot. The building also houses other retail tenants such as Villa & House, a furniture and lighting retailer.

Keith Barr, former CEO of IHG Hotels & Resorts, has been appointed as the new CEO of CarMax to lead the used car retailer's turnaround amid declining sales and increased competition from online rivals like Carvana. Barr aims to enhance CarMax's online sales experience, reduce costs, and leverage the company's scale and brand trust to boost sales and shareholder value. CarMax has faced stagnant sales volume since 2022 and a drop in net earnings, prompting leadership changes and strategic shifts to improve operations and market position.

The article analyzes home sale trends in the fourth quarter of 2025, highlighting that only San Francisco among the top 20 U.S. metros saw homes sell above asking prices, with a sale-to-list ratio of 104.7%. San Francisco's housing market remains competitive and resilient, with rising median prices and faster sales. In contrast, other markets like Miami showed lower sale-to-list ratios and longer market times, indicating more buyer negotiating power. Nationally, the average sale-to-list ratio was 98.4%, with only 5.5% of metros selling at or above asking prices.

New York City is set to establish a city-controlled land bank to acquire tax-delinquent properties and redevelop them into affordable, income-restricted housing. This initiative, supported by recent City Council bills and the mayor's administration, aims to reform the current tax lien sale system, which has been criticized for predatory practices. The land bank will have a board to oversee property acquisition and rehabilitation, with state approval required before operation. The effort aligns with Governor Hochul's push to expand land banks statewide to preserve affordable housing. However, questions remain about funding, oversight, and the impact on property owners, with some industry stakeholders expressing concern.

SKS Partners is selling a recently constructed 133,427-square-foot office and light industrial building at 1 De Haro Street in San Francisco. The four-story property includes 86,000 square feet of office space leased by tech company Samsara and 43,000 square feet of light industrial space. The building, completed in 2021, was financed with $93 million in construction-to-permanent loans. The sale is notable as a rare transaction of a stabilized office asset in San Francisco, where many recent sales involved distressed properties or high vacancies.

Zelouf International, a fabric wholesaler, has signed a 10-year lease for 13,600 square feet on the sixth floor of an office building at 209 West 38th Street in Midtown, New York. The space will be used for offices, design, and showroom purposes. Other tenants in the same building include Konges Sløjd and Zateks Textile, occupying office and showroom spaces. The building is owned by GFP Real Estate, and the average asking rent for office space in Midtown was $84.24 per square foot in late 2025.

Nuveen's £10 billion acquisition of Schroders significantly boosts its real estate assets under management, making the combined entity the world's fifth-largest real estate investment manager. Nuveen, owned by U.S. pension fund TIAA and headquartered in New York, expands its exposure in Europe through Schroders, which specializes in living assets, hotels, and logistics. The deal enhances Nuveen's presence in both North America and Europe, retaining the Schroders brand and leadership teams.

Van Cleef & Arpels is relocating its Chicago flagship store to a new luxury retail redevelopment at 67 East Oak Street, a two-story modern building replacing a Victorian-era structure on the Gold Coast's premier shopping corridor. This move highlights a trend among luxury brands to control their own retail spaces, with Van Cleef expanding and separating from its current location at 65 East Oak Street, which is being sold by Union Investment. The Oak Street retail market remains resilient despite broader challenges, attracting global luxury brands and significant transactions. The new space is expected to be ready within 18 to 24 months, underscoring continued demand for boutique luxury retail in Chicago.

The City Council approved rezoning in Midtown South but excluded 37 properties in the Garment District from residential zoning changes to preserve commercial fabric and manufacturing businesses. Manocherian Brothers is seeking to rezone a 16-story commercial building at 257 West 39th Street for partial residential use despite the carveout. The area remains primarily commercial, with some vacancy and debate over balancing housing growth with preserving the district's unique business cluster. The rezoning is expected to allow fewer housing units than initially projected, and future zoning changes may be influenced by new local leadership and ballot measures.

Lotus Company secured $60 million in HUD-backed financing to develop Lotus Alchemy, a mixed-use multifamily project in Downtown Salt Lake City, Utah. The development will include a six-story residential building with 184 units, 9,000 square feet of retail space, and a two-level parking garage, along with community amenities such as a swimming pool, spa, fitness center, dog wash station, barbeque area, and fire pit. The project received necessary city approvals after modifications to unit and parking counts.

CBRE reported strong financial results driven by increased demand for AI-related properties, particularly data centers, and growth in office and multifamily leasing and sales. Despite a recent sell-off in brokerage stocks due to fears of AI disruption, CBRE's leadership emphasized the continued importance of brokers and the physical nature of commercial real estate. The company expects continued growth in 2026, with industrial and office sectors showing robust activity, supported by new AI firms. Analysts view the stock decline as an overreaction and a potential buying opportunity.

CRGE, a private fitness club, has signed a 15-year retail lease for a 10,000-square-foot space at the base of the 12-story Sola residential building in Woodside, Queens, New York City. The building, which opened in 2024, contains 364 residential units and offers various amenities. The lease was brokered by ARA, representing both the tenant and the ownership entity QB Properties. This new location marks CRGE's third in Queens, reflecting the neighborhood's rapid growth and increasing community energy.

Equinix, a leading data center developer and manager, reported record-breaking financial results in 2025, including a 42% year-over-year increase in annualized gross bookings for data services and a 6% rise in revenue to nearly $9.22 billion. The company expanded its global capacity significantly, opening 16 new data center projects and planning 52 major expansions, including a substantial investment in the U.K. Equinix anticipates continued growth in 2026, driven by increasing demand for data infrastructure to support AI and complex technology ecosystems.

AvalonBay Communities and MG Developer are proposing new multifamily residential projects in Miami, Florida, amid a slowing South Florida multifamily market. AvalonBay plans an eight-story, 166-unit building called Kanso Coral Way, featuring a mix of studios, one- to three-bedroom units, and townhome-style units. MG Developer proposes 208 multifamily units in five- and six-story buildings at the Regency Miami Airport site, near the Miami Freedom Park development. Both projects are under review by Miami’s Urban Development Review Board. Despite recent oversupply and slower leaseups, developers anticipate demand and rent growth will rebound by project completion.

Nuveen Asset Management is acquiring British financial firm Schroders for $13.5 billion, creating a combined entity with $2.5 trillion in assets under management and expanding their global presence. The firms will continue to operate independently for the next year, with Schroders' CEO joining Nuveen's executive team. Nuveen has recently secured financing deals for multifamily and self storage properties in Arizona and New York, respectively, highlighting its ongoing investment activity in these sectors.

CBRE reported better-than-expected fourth-quarter 2025 earnings despite a significant stock drop attributed to investor concerns about AI disrupting real estate brokerage firms. The company highlighted strong revenue growth driven by leasing, mortgage origination, and property sales, particularly noting increased demand for data centers and growth in the industrial sector in the U.S. CBRE emphasized the unique value of brokers in closing complex, large transactions that are not sourced online.

Retail leasing in the U.S. reached 2015 levels in Q4 2025, with positive net absorption driven by both high-end urban shoppers and budget-conscious consumers in suburban and rural areas. Despite a 25% year-over-year drop in total leasing volume, value grocery stores, quick-serve restaurants, and discount apparel retailers are expanding. Challenges include store closures from bankruptcies and construction constraints due to inflation and borrowing costs, making leasing existing retail spaces more viable than new builds. Retailers like Dollar General continue to build in rural areas where costs are lower.

The rental market in Manhattan remains strong with median rents reaching $4,695 in January, marking an 8% increase from the previous year and the third-highest on record. Luxury rents in the top 10% of the market rose over 14% annually to $11,500. Vacancy rates fell to 2.44%, indicating a tight market with reduced inventory. Similar trends of rising rents and declining inventory were observed in Brooklyn and northwest Queens. The Federal Reserve's decisions on mortgage rates will impact future rental demand, but recent strong employment data suggests mortgage rates may not decrease soon.

The Waldorf Astoria hotel in New York City, recently renovated with a $2 billion makeover reducing hotel rooms and adding private residences, is set to be put on the market by its Chinese owners. Managed by Hilton Worldwide under a long-term agreement, the iconic Midtown East property is expected to be listed soon through Eastdil Secured. The renovation was one of the most expensive in the U.S., featuring luxury upgrades and a restored grand ballroom. Potential buyers may include Middle Eastern sovereign funds, following precedents in the New York luxury hotel market.

The article discusses the challenges and slow uptake of New York State's multifamily housing development law 485x, which replaced the previous 421a tax break program. The new law's wage scale requirements for projects with 100 or more units are causing developers to limit project sizes or split developments, leading to inefficiencies and fewer housing units being built amid a housing shortage. Deputy Mayor Leila Bozorg supports maintaining the current law despite its flaws, while critics argue that legislative changes are needed to remove obstacles and increase housing production. The influence of construction unions and political considerations are also highlighted as factors affecting the law's implementation and reform prospects.

The Casa Encantada estate in Bel Air, California, is back on the market for $170 million amid a legal dispute involving foreclosure by lender CIM Real Estate Credit LLC. The property, originally listed for $250 million in 2023, is tied to a loan secured in 2020 with debt exceeding $150 million. The widow of the late owner, Karen Winnick, is contesting the foreclosure, claiming unawareness of the loan terms and alleging a loan-to-own scheme. Legal proceedings are ongoing in California and New York regarding the loan agreement and foreclosure. The estate is a large luxury residential property with extensive amenities and historical significance.

The article highlights several high-value real estate transactions in South Florida, including a record-setting penthouse condo sale in Sunny Isles Beach for nearly $19.9 million, a $7.7 million hotel sale in Miami, a $9.5 million condo purchase in Miami Beach, and a $9.3 million single-family home sale in Jupiter. These deals involve luxury residential and commercial properties, reflecting strong market activity in the region.

The article reports on courtroom testimony involving allegations of sexual assault by the Alexander brothers in incidents dating back to 2009 in the Hamptons and 2017 in Aspen. Witnesses and alleged victims describe coordinated attacks, with testimony focusing on one woman who directly witnessed an assault and later reported it to authorities. The defense challenges the credibility and timing of the reports, while prosecutors rely on witness accounts and communications to build their case. The article also mentions ongoing legal proceedings and family presence in court.

The article discusses recent housing policy developments in New York, including Governor Hochul's proposal to exempt certain housing projects from environmental review to speed up construction and reduce rents, and Mayor Mamdani's focus on cracking down on bad landlords through 'rental ripoff' hearings. It highlights the tension between pro-housing development and tenant protection efforts, the influence of pro-development groups, and ongoing discussions about property tax reform and budget deficits. Notable real estate transactions and new residential building permits in New York City are also mentioned.

Winnetka Park District officials are reconsidering a $3 million donation agreement with billionaire Justin Ishbia for park improvements, including a fenced-off dog beach at Centennial Park, following resident opposition to the design plans. The dispute centers on privacy concerns and public access to the shoreline near Ishbia's planned 68,000-square-foot lakefront mansion in Winnetka, Illinois. The new fence proposal aims to address access issues by using existing steel groins and reducing the dog beach length, but residents remain concerned about restricted beach access. The village government will review the plans and decide on permits, while previous land swap proposals involving Ishbia's property and the park were abandoned after legal challenges.

In New York City, 197 real estate transactions totaling $390 million were recorded within 24 hours on February 11, 2026. Notable residential sales included high-value co-op apartments on the Upper West Side and Upper East Side, while significant commercial deals involved multifamily, mixed-use, and other commercial properties in neighborhoods such as Carroll Gardens, Meatpacking District, and Soho. Buyers and sellers included prominent investors and real estate firms, with prices reflecting the premium NYC market.

The article discusses a significant stock sell-off among major commercial real estate brokerages, attributed to investor fears about the impact of artificial intelligence on the industry. Companies like Cushman & Wakefield, Newmark, CBRE Group, JLL, and Colliers saw notable declines in their stock prices. Despite the sell-off, analysts remain optimistic about the long-term prospects of these firms, highlighting factors such as low supply, stable market conditions, and strong demand. The sell-off reflects broader market concerns about AI disrupting high-fee, labor-intensive business models, although the immediate risk to complex deal-making is considered uncertain.