Jasani Designs USA, a jewelry designer specializing in rough diamonds and global exports, has signed a 3,918-square-foot lease for the entire 15th floor at 64 West 48th Street in Manhattan's Diamond District, Midtown Manhattan, New York. The lease term is five years and four months with an asking rent of $55 per square foot. The building, owned by Muss Development since 2008, was extensively restored and also houses a popular Japanese eatery.

Daniel Corporation is constructing the Hartwin Bulverde, a luxury multifamily apartment and townhouse complex in San Antonio, Texas, with an estimated cost of $64.6 million, making it the most expensive multifamily project in Bexar County since 1992. The development includes 350 units, featuring garage-equipped townhomes called carriage houses, and amenities such as a three-tiered pool and co-working center. Despite a recent decline in multifamily construction in San Antonio and lower occupancy rates, the project targets higher-end tenants with rents above the city average. Completion is expected in 2024, with some units already leased.

Citi has announced a five-year, $60 billion initiative called the Blueprint for Housing Opportunity to support the creation and preservation of 250,000 affordable housing units across the U.S. The program focuses on financing multifamily rentals, supportive housing, and workforce projects, particularly in high-cost markets, and includes $50 million in philanthropic grants to nonprofits. Citi aims to address challenges in affordable housing development such as high interest rates and construction costs, while continuing to support housing startups and advocate for policy improvements like the Low-Income Housing Tax Credit.

Newgard Development Group faces a foreclosure auction for a 1-acre downtown Fort Lauderdale site planned for a 40-story mixed-use tower called Natiivo Fort Lauderdale, featuring short-term rental condos, office, retail, and parking spaces. The foreclosure stems from a $25.7 million judgment in favor of Kushner Companies due to a loan default. Newgard is working to resolve the issue and return buyer deposits. The case is part of a broader trend of development site foreclosures in South Florida, with other properties also being auctioned off.

Rilea Group is developing two major residential projects in Miami's Wynwood neighborhood: Mohawk, a 300-unit multifamily development with retail condos, and Rider Residences, a 146-unit condo project notable for accepting cryptocurrency payments including Bitcoin. The firm emphasizes maintaining Wynwood's authentic, gritty character while innovating with crypto transactions, including the first wallet-to-wallet crypto sale in Miami. The projects reflect a blend of cultural homage and modern financing methods, highlighting Wynwood's rapid growth and appeal.

Harvard University’s ambitious real estate development in Boston’s Allston neighborhood, centered on a large lab building and plans for apartments, a hotel, and a conference center, is facing challenges due to a soft biotech market and infrastructure delays. The flagship 510,000-square-foot lab building is only 20% leased amid high vacancy rates in the area, and a critical $2 billion highway project to unlock further development has stalled after federal funding was rescinded. Despite financial pressures and a recent property sale, Harvard continues to pursue its vision, with some tenant interest and significant loans secured for the project.

Hudson Pacific Properties reported significant financial losses driven largely by its Quixote business, which rents production equipment and has been impacted by a slowdown in the Los Angeles film industry. The company aims to focus solely on its office real estate portfolio and plans to sell off assets, including a West Los Angeles office campus and a Culver City office building repositioned for residential use. Despite challenges, the company signed over 2 million square feet of office leases and maintains a 77% leased office portfolio in Los Angeles, with substantial debt maturing this year secured by its Hollywood studio properties.

Erewhon plans to open a new upscale grocery store in downtown Los Angeles at 940 South Hill Street, transforming a vacant commercial building into a 17,500-square-foot supermarket with additional retail and basement spaces. The location will include parking and seating for diners, with a conditional use permit sought for alcohol sales. This marks Erewhon's second attempt to establish a presence in downtown L.A., amidst a neighborhood that has seen significant residential and hotel development. The site was previously proposed for a large apartment tower, but those plans were abandoned following legal issues involving the developer.

San Francisco leaders have proposed legislation to cut the city's transfer tax on large real estate transactions by half, aiming to revive stalled housing projects by reducing costs for developers. The BUILD Act would lower transfer tax rates on deals over $10 million and $25 million to pre-2020 levels, potentially saving developers about $32,000 per unit on multifamily projects. The proposal also includes a companion measure to eliminate tax exemptions on foreclosures to offset lost revenue. The effort is supported by local construction and business groups and targets restarting approximately 34,000 stalled housing units in the city.

New York Governor Kathy Hochul criticized President Trump's tariffs and is advocating for the federal government to reimburse New York small businesses and residents for increased costs caused by these tariffs. She highlighted that New York families have paid an average of $1,750 more due to tariffs on imports since April 2025 and is urging the Treasury Department to develop a $13.5 billion reimbursement framework. The tariffs have notably impacted retail tenants and importers, including those in the wine and spirits industry in New York City.

The article discusses the concentration of eviction and housing code violations in a small percentage of multifamily buildings in New York City, particularly in rent-stabilized and older pre-1974 buildings. It highlights geographic clusters of tenant complaints in lower-income Brooklyn neighborhoods and emphasizes the need for targeted city resources to address landlord-tenant issues. The analysis also notes that eviction rates in New York City are relatively low compared to other cities, though tenant dissatisfaction remains a concern.

New York Life Insurance Co. has engaged Jamestown to redevelop Alpharetta's North Point Mall in Georgia into a mixed-use entertainment district anchored by a potential NHL hockey arena. The redevelopment aims to create a sports-anchored, walkable area with public spaces and commercial real estate, positioning the site for an NHL franchise expansion in the greater Atlanta metro area. This project competes with a nearby Forsyth County mixed-use development also proposing a large hockey arena. Both projects are in early stages, with NHL expansion uncertain and franchise fees expected to be high. North Point Mall, a 1.3 million square foot retail property, has seen declining traffic amid shifts to other mixed-use developments in the area.

Related Ross has agreed to purchase 71 acres of village-owned land in Wellington, Florida, for $46.3 million after an amended agreement was approved. The land, previously divided between Related Ross and Education in Motion, will now be fully acquired by Related Ross to ensure the project stays on schedule. The site is planned to include retail, restaurant space, a 180-room hotel, office space, 215 residential units, and a 405,000-square-foot preK-12 school called Wingrove Academy, which will serve 1,750 students and feature sports fields and an aquatic center. The school will be operated by ElevateEd and aims to open by fall 2028.

Erudite Preschool, a Russian immersion day care and preschool for children ages 6 months to 5 years, has leased 4,000 square feet on the ground floor of the Baltic Canal, a 13-story residential building at 526 Baltic Street in Brooklyn, New York. The lease includes an option to expand to 8,000 square feet. The Baltic Canal offers luxury apartments and amenities such as a meditation room, sauna, coworking spaces, and a movie room. The preschool has another location in Park Slope, Brooklyn.

The Bel-Air residence of actress Pat Crowley, a Hollywood Golden Age and television star, is listed for sale for just under $16 million. The nearly 6,000-square-foot home, located at 551 Perugia Way with views of the Bel-Air Country Club golf course and the ocean, has six bedrooms and seven bathrooms. Crowley and her then-husband Ed Hookstratten purchased the home in the early 1970s, and it became a hub for notable entertainment, sports, and media figures. The property has remained in the family for over 50 years and is now on the market for the first time.

Hays County, Texas, considered a temporary pause on development permits for large water-using industrial projects, particularly data centers, due to concerns over water consumption amid drought conditions. The county ultimately tabled the proposal after legal advice warned it would likely face and lose a lawsuit, as counties in Texas have limited regulatory authority compared to cities. Officials are exploring state-level reforms and coalition-building to gain clearer regulatory powers over large water users, while local tensions remain high over data center developments in the Austin-San Antonio corridor.

The Department of Homeland Security, through its U.S. Immigration and Customs Enforcement division, is acquiring warehouses and industrial properties nationwide to expand detention center capacity by 20,000 beds as part of a $38.3 billion detention model. ICE has completed nearly $700 million in property purchases across nine transactions, including a $129 million industrial property in Social Circle, Georgia, and properties in New Jersey and Maryland. Some deals in Minnesota and Virginia were canceled amid protests and opposition. The expansion includes large megacenters and smaller processing centers for detainees.

Lone Star, a U.S. private equity firm, purchased a 107,000 SF office building in London's West End for £110 million, capitalizing on a market disconnect between rental growth and asset prices. The building, 87% leased with a short average lease term, offers opportunities for rent increases through refurbishment and sustainability upgrades. This acquisition is part of Lone Star's seventh opportunity fund, reflecting growing private equity and hedge fund interest in London offices amid limited new development and falling yields in central London, contrasting with rising yields in regional offices.

GO Residential REIT, launched less than a year ago, is rapidly expanding its portfolio by acquiring three multifamily properties in Manhattan for $380.5 million. The acquisitions include Ivy Tower, a 321-unit luxury building with various amenities, and two Hudson Yards properties with a combined 304 rental units. These purchases are expected to close in the second quarter and strengthen the REIT's balance sheet while expanding its unencumbered assets. GO Residential initially launched with a $2.7 billion portfolio of over 2,000 Manhattan multifamily units, including luxury high-rises and other significant properties.

Related Ross and partners secured a $145 million refinancing for the Esperanté Corporate Center, a 17-story office building in downtown West Palm Beach, Florida. The firm, led by billionaire Steve Ross, is a major office landlord in the area with multiple office properties including One Flagler and developments like 10 CityPlace and 15 CityPlace. Related Ross is also developing condos and launching a mixed-income multifamily division in West Palm Beach, reflecting a broad real estate strategy that includes office, condo, and multifamily projects. The company has obtained significant financing for these developments, underscoring its influence in South Florida's commercial real estate market.

The Korein family has filed a lawsuit against Vornado Realty Trust over a rent dispute involving the ground lease of Penn 1, a large office tower in Manhattan, New York City. The dispute centers on the fair market value appraisal of the land, with allegations that Vornado's dominant market position intimidates brokers from providing impartial valuations. The Koreins claim that brokers fear retaliation from Vornado, which controls lucrative commissions, leading to a stalemate in the appraisal process. The lawsuit highlights conflicts of interest and contentious appraisal proceedings, with the land's value and resulting rent increase remaining unresolved nearly three years after the lease renewal date.

The article discusses the rapid growth of the aerospace and defense industries in the South Bay area of Los Angeles County, California, driven by companies like FlightWave Aerospace Systems and SpaceX. This resurgence is revitalizing the region's industrial real estate market, with very low vacancy rates and increasing demand for specialized industrial and office spaces. The ecosystem benefits from a strong talent pool, supportive local governments, and proximity to key infrastructure. While expansion within California continues, some companies plan to scale manufacturing operations in other states such as Ohio due to space and incentive considerations.

Barrington Development Company has proposed The Residences at Liberty Commons, a $100 million mixed-use apartment and townhouse project in Barrington, Illinois, featuring 223 residential units including studios, one-, two-, and three-bedroom apartments, and townhouses. The development aims to revitalize the village's Redevelopment Area #1 with a Chicago brownstone-style design, parks, and walking paths, targeting completion in 2028. The project faces concerns over traffic impact, while other local developments such as a condo project and a data center have encountered setbacks. This initiative is part of a broader effort to increase density and vibrancy in Barrington's core.

Marie Hurabiell has entered the race for California’s 11th congressional district, aiming to position herself as a moderate candidate amid a field including State Sen. Scott Wiener, tech founder Saikat Chakrabarti, and San Francisco Supervisor Connie Chan. Hurabiell, previously appointed to the Presidio Trust board by President Trump and having switched from Republican to Democrat, seeks to appeal to voters feeling left out by the current candidates. The June primary will determine the top two candidates advancing to the November general election.

Related Ross, led by Stephen Ross, secured $145 million to refinance the Esperanté Corporate Center, a fully leased office building in West Palm Beach, Florida. The firm has been actively developing office buildings and luxury condos in the area, including recent loans for new condo towers and ongoing mixed-use projects. Related Ross aims to transform West Palm Beach into a business hub by attracting high-profile tenants and expanding its real estate portfolio.

The East Bank Development Authority in Nashville approved a payment in lieu of taxes agreement for Elmington Capital Group's East Bank Flats, a 323-unit affordable housing project near Nissan Stadium. The project includes various affordable units and ground-floor retail, aiming to kickstart the 550-acre East Bank master plan. The approval sparked debate over financial trade-offs and long-term revenue versus development incentives. Supporters emphasized the importance of affordable housing to attract future commercial tenants and strengthen the district.

Northwood Ravin is considering converting Rushmore One, a 171,177-square-foot office building in Ballantyne Corporate Park, Charlotte, North Carolina, into a 411-unit residential project as part of a broader $1 billion redevelopment plan called "Ballantyne Reimagined." This plan aims to transform the office-heavy district into a denser, mixed-use area with apartments, retail, and entertainment venues, reflecting a shift in response to changing office demand post-pandemic.

GFP Real Estate signed three new leases totaling about 12,000 square feet at 515 Madison Avenue, a 42-story Class A office tower in New York City. Tenants include Manhattan Psychiatry Group, Whitebox Advisors, and Spring EQ, with lease terms ranging from three to four years. The building was recently refinanced for $86.5 million, allowing GFP to acquire full ownership by buying out ATCO Properties & Management's stake.

Data center construction has declined for the first time since 2020, with capacity under construction dropping from 6.35 gigawatts at the end of 2024 to 5.99 gigawatts at the end of 2025. Key challenges include high power and energy demands, local opposition, and permitting issues, particularly in Northern Virginia and Silicon Valley. Despite this, some markets like Chicago have seen significant growth, though incentives may be reduced. Vacancy rates remain low, and overall spending on data center construction is increasing, with forecasts predicting a 23% rise in spending this year, highlighting mixed but generally positive long-term prospects for the sector.

The article discusses the political and real estate community's mixed reactions to Los Angeles City Councilmember Nithya Raman's last-minute mayoral bid, highlighting her support for tenant protections, rent caps, and the controversial Measure ULA mansion tax, which has increased transfer taxes and tenant protections but is criticized for dampening investment and deal flow in residential and commercial real estate. Landlords and property owners, particularly mom-and-pop apartment owners, express frustration over policies they see as oppressive and detrimental to multifamily investments, while some acknowledge Raman's efforts to address homelessness and housing affordability. The article also touches on the broader political landscape in Los Angeles, including incumbent Mayor Karen Bass and other mayoral candidates.

The article reports on testimony in the sex trafficking trial of the Alexander brothers, focusing on a Douglas Elliman agent who arranged a 2009 summer lease for a Hamptons home where alleged assaults occurred. The agent described interactions with the brothers and their associates, including complaints about party behavior. The trial includes multiple allegations of rape and sexual assault linked to parties in the Hamptons and other locations, with prosecutors presenting evidence and witnesses. The case is expected to conclude by mid-March, with the defense preparing to respond.

A 0.6-acre lot in the South Bronx's Mott Haven neighborhood sold for $25.5 million to Zeta Charter Schools, a public charter school network in New York City. The site, with approximately 181,000 buildable square feet, was previously owned by a housing development fund company linked to affordable and rental housing initiatives. While the buyer's specific development plans are unclear, the property is expected to be used for educational facilities. The South Bronx continues to see strong demand for residential and institutional development, with ongoing projects aimed at affordable housing and community services.

Lightstone Capital has appointed Elias Haddad to lead debt originations in the central U.S. and to launch its first Texas office in Austin, expanding its commercial real estate lending platform in the Midwest and Southwest. Haddad brings over a decade of experience in CRE lending and investment banking, with a strong background in high-yield credit and opportunistic real estate investments. This expansion aims to enhance Lightstone's regional coverage and ability to provide flexible capital solutions in dynamic markets.

Vici Properties made significant casino lease acquisitions in late 2025, including seven Nevada gaming facilities from Golden Entertainment for $1.16 billion, generating $87 million annually. The REIT also sold MGM Northfield Park operations in Ohio and signed master leases for casinos in Detroit, Michigan, and Bossier City, Louisiana. Vici is reducing its exposure to Caesars Entertainment and managing substantial debt and liquidity while viewing 2025 as a normalization year for Las Vegas casino markets.

British developer Christian Candy sold a luxury 15,000-square-foot limestone townhouse on Manhattan's Upper East Side for $55 million after renovating it. The six-bedroom home, near Central Park, was initially listed for $84.5 million in 2016 and changed hands in 2022 for $48 million before the recent sale. Around the same time, Candy and his wife purchased a penthouse at 111 West 57th Street for approximately $46.9 million, featuring panoramic views and high-end amenities. Both transactions were represented by Adam Modlin and Michael Balanevsky.

Douglas Elliman has hired Megan Sullivan, a co-founder of one of Connecticut's top residential teams, to join as an individual agent in their sports and entertainment division. Sullivan, who previously worked at Sotheby's International Realty and Compass, specializes in luxury residential sales in Greenwich, Connecticut, with a significant portion of her deals conducted off-market. This move strengthens Elliman's presence in Greenwich amid industry consolidation, including Compass's merger with Anywhere, which has created a large conglomerate of real estate brands and agents.

Integrity Investment, a Chicago-based company, is involved in legal disputes over Illinois' property tax sale system after defaulting on an $11.3 million loan secured by tax lien certificates. The company is challenging the constitutionality of Illinois' tax sale law following a 2023 Supreme Court ruling that limits government equity claims in foreclosures. Integrity filed for bankruptcy amid these issues, while Byline Bank seeks repayment and has requested court intervention to protect its collateral. The controversy centers on Illinois counties auctioning delinquent property tax liens, which can lead to investors gaining property ownership if taxes remain unpaid, a process recently ruled unconstitutional in Cook County.

Great Gulf is launching the Mandarin Oriental Residences, a luxury 31-story waterfront condo development in West Palm Beach, Florida, featuring 87 units with high-end amenities such as pools, a fitness center, spa, and more. The project targets primary and secondary homebuyers as well as investors, marking Great Gulf's second major development in the city. Construction is expected to start next year on a 2.5-acre site along the Intracoastal Waterway, with prices starting at $3.5 million. The development reflects growing demand for branded residences in West Palm Beach's competitive waterfront market.

Hudson Companies has submitted plans to build a 302-unit, 28-story affordable residential building in the Gowanus neighborhood of Brooklyn, New York. The project will include amenities such as a residents’ lounge, partyroom, courtyard, rooftop terrace, and co-working space. This development follows the 2021 rezoning of Gowanus, which has spurred significant residential and mixed-use growth in the area, including Avery Hall's 17-story mixed-use building with affordable housing units.

The article discusses how landlords in New York City creatively renovate apartments to increase the number of legal bedrooms, thereby maximizing rental voucher payments, which are based on bedroom count. It highlights challenges such as natural light requirements and room size regulations, and debates the fairness of voucher payments being tied solely to bedroom numbers rather than unit quality. The article also touches on a rejected proposal to use virtual windows in student housing to meet bedroom requirements.

Falls Apartment Group, owner of a 3,600-unit multifamily portfolio in Houston, Texas, is undergoing stabilization efforts after owner Rao Polavarapu filed for bankruptcy in November due to multiple foreclosures and loan defaults. ThirdEye Partners and Lynd Management Group have been engaged to manage and stabilize the distressed properties, some of which are in Chapter 11 bankruptcy proceedings. The portfolio includes several large apartment complexes facing foreclosure and loan workout challenges, with legal actions ongoing related to loan guarantees and defaults.

Los Angeles is developing a local alternative to California's Senate Bill 79, which mandates increased housing density near transit hubs. The city plans to delay the law's implementation on most eligible parcels until 2030 by upzoning select areas and extending incentives to single-family neighborhoods. Three proposed options vary in scope but aim to meet state-mandated housing goals while managing density increases around transit stations. The City Council must approve amendments to enact these changes before the statewide law takes effect.

The article highlights several high-value real estate transactions in South Florida, including a $9.7 million residential home sale in Delray Beach, a $131.8 million multifamily complex sale in Palm Beach Gardens, and a $92.7 million mixed-use portfolio purchase in Boca Raton. Additionally, a $6.9 million residential home sale occurred in the Village of Golf. These deals involve luxury residential properties, multifamily complexes, and mixed-use commercial properties, reflecting significant investment activity in Florida's real estate market.

Ares Management acquired a Joliet industrial distribution center leased by Amazon from Blackstone for $49 million, continuing its active investment in industrial properties across major U.S. markets. The Chicago suburbs have experienced a strong industrial real estate market with significant leasing activity and high-value transactions, including a $270 million industrial portfolio sale in Cook County. Ares has also made substantial industrial purchases in Illinois, Texas, and Florida, reflecting ongoing demand for industrial space.

The article discusses upcoming rental ripoff hearings in New York City, designed as one-on-one sessions between tenants and city officials to address tenant concerns, especially regarding non-rent-related fees and housing conditions. The hearings aim to influence the city's housing plan and involve testimony from tenants and possibly landlords. Additionally, the article highlights recent real estate transactions in New York, including a $10 million condominium sale and a $10.8 million eight-unit investment property sale, as well as a new affordable housing project permit in Gowanus. It also touches on political protests in Albany and a lawsuit against a video game developer.

In New York City, 124 real estate transactions totaling $224 million were recorded within 24 hours on February 25, 2026. Notable residential sales included a nearly $20 million co-op on the Upper East Side and condos in Lenox Hill and Chelsea priced at $10 million and $6.6 million respectively. Commercial deals featured a $10.8 million mixed-use building on the Upper East Side and a $9 million two-story commercial building in Flushing.

Jiazhao “Frank” Chen, a commercial real estate investor in Chicago, is facing multiple foreclosure lawsuits totaling over $50 million in delinquent loans on more than 130 apartments across 27 properties. The lender Situs Holdings alleges loan defaults and property maintenance violations, including deferred maintenance and alleged criminal activity, seeking court-appointed receivership. Chen's portfolio, including small two-flats and a 36-studio building, is appraised below the debt owed. His purchase of the former Cité restaurant space in Lake Point Tower is not part of the litigation but marked his rise in Chicago's real estate market.

Capital One is actively addressing the affordable housing crisis in the U.S. through a $265 billion Community Benefits Plan that supports affordable rental housing development, grants to nonprofits, and innovative partnerships. The company provides integrated financing solutions including construction loans and Low-Income Housing Tax Credit equity, working closely with government-sponsored enterprises like Fannie Mae and Freddie Mac. Capital One also launched the Scaling Pathways to Homeownership program to fund transformative ideas that improve access to affordable homeownership and support community development.

Josh Schuster, founder of Silverback Development, is expected to plead guilty to securities fraud related to a Ponzi-like scheme that defrauded investors of over $10 million in multiple real estate projects in New York City. The fraud involved diverting funds for personal use and failing to disclose financial information, leading to defaults and lawsuits. Schuster was removed from a 53-unit condo project in Gramercy Park, Manhattan, after a forensic audit revealed missing funds. He has since moved to Boca Raton, Florida, and started a solar-energy business.

The article discusses the challenging market conditions for lab leasing in the U.S., highlighting how biotech companies like Twist Bioscience are benefiting from significant landlord concessions such as rent abatements, phased occupancy, and tenant improvement allowances to preserve cash amid industry difficulties. Landlords are lowering rents and offering flexible lease terms to attract and retain tenants in a market with high vacancy rates and reduced demand. The negotiation process has become more complex and lengthy, with tenants and landlords seeking mutually beneficial arrangements to ensure financial stability and operational continuity.

U.S. Immigration and Customs Enforcement (ICE) has acquired multiple industrial warehouse properties across several states to convert into large-scale detention and processing facilities as part of a $38.3 billion government initiative. These warehouses, located in Georgia, New Jersey, Michigan, Maryland, and other states, are being repurposed to hold immigrants temporarily before transfer to larger centers. The acquisitions have faced local opposition and legal challenges, with some sellers citing eminent domain threats. ICE plans to operate a nationwide network of megacenters and processing sites, aiming for full operation by November.

Howard Hughes partnered with the Houston Texans and Harris County to develop the Toro District, a large mixed-use master-planned community in northwest Harris County, Texas, set to open in 2029. The district will include the Texans' new headquarters and practice facility, 1 million square feet of office space, 300,000 square feet of retail and restaurants, 250,000 square feet of healthcare and sports medicine, two hotels with 300 keys, and 1,300 multifamily units. The development aims to create a community hub with sports, business, healthcare, government services, and residential components, enhancing the region's appeal and providing year-round destinations for residents and visitors.

A Moody's report reveals that major tech companies like Amazon, Microsoft, Google, Meta, and Oracle are significantly understating their economic risk by not fully disclosing their data center lease commitments, which total at least half a trillion dollars off their balance sheets. These hidden liabilities, driven by shorter lease terms and accounting loopholes, could lead to a sudden surge in reported debt and lease obligations related to AI infrastructure in the near future, posing a substantial financial risk despite the anticipated revenue from AI products.

Two apartment complexes in Palm Beach County, Florida, changed ownership with contrasting outcomes: PGIM Real Estate sold The Quaye at Palm Beach Gardens for $131.8 million, realizing an 11.4% gain, while The Shidler Group transferred SeaLofts at Boynton Village to Harbor Group International in lieu of foreclosure for $79 million. Both properties are gated multifamily communities with a range of unit sizes and rents. These transactions highlight the mixed dynamics in South Florida's multifamily market, which has seen strong demand and rent growth amid rising supply and increased costs. Palm Beach County's multifamily investment sales volume reached $1.9 billion in 2022, with slightly lower figures in 2023 and 2024.

Developer Frank McCourt and Discovery Land Company proposed building 27 homes and a country club with equestrian facilities on 79 acres in Wellington, Florida's equestrian preserve, but the plan was rejected by village officials due to concerns it did not align with the village's comprehensive equestrian-focused plan. The project included a private club, polo field, and horse-related amenities, aiming to preserve equestrian use, but critics argued it prioritized the country club over equestrian preservation. The developer may pursue legal action for rezoning denial under Florida's property rights law.

Denver city officials, including Mayor Mike Johnston, are proposing a moratorium on new data center developments to review and strengthen regulations related to land, energy, water use, zoning, and affordability. The move aims to address environmental concerns and neighborhood impacts while balancing the economic benefits of data centers, which contribute significant jobs and tax revenue in Colorado. Existing projects are exempt, but future guidelines may apply. Similar moratorium considerations are underway in Michigan, Maryland, and Oklahoma, while state legislation in Colorado may further regulate the industry.

In-N-Out Burger is relocating its headquarters from Orange County to a 98,000-square-foot office building in San Dimas, Los Angeles County, California, marking a significant office lease in the area. The company also owns warehouse and office properties in Baldwin Park and Irvine, California, and plans to open a 100,000-square-foot office near Nashville, Tennessee, to support expansion in the Southeast. The Tennessee office will serve as a regional hub, while the corporate headquarters remain in California. In-N-Out operates about 400 restaurants across nine states without franchises.

The San Francisco Board of Supervisors approved a five-year delay on a fire sprinkler installation requirement for pre-1974 condominium buildings, affecting about 9,800 units in the city. The ordinance, part of the updated fire code, mandates fire sprinklers in older buildings to enhance fire safety but has faced criticism due to high installation costs and lack of financial impact analysis. The delay aims to study the feasibility and financial burden on residents, with some calling for the ordinance's complete repeal. The full Board must still approve the extension until 2032.

Apple is expanding its manufacturing operations in Houston, Texas, by doubling its local output and launching a 20,000-square-foot advanced training facility focused on AI and advanced manufacturing. The expansion includes producing Mac Minis domestically and assembling AI servers for Apple data centers, creating thousands of jobs and partnering with local colleges to provide educational pathways. This move is part of Apple's broader $600 billion U.S. investment plan to domesticize its supply chain and establish Houston as a hub for AI-driven industrial activity.

The Washington Commanders are planning a $3.8 billion stadium project in Washington, D.C., including a 70,000-seat stadium and 8 million square feet of surrounding mixed-use development. The project aims to create significant economic opportunities for local businesses and marginalized communities, with an estimated 30,000 construction jobs and 2,000 permanent jobs. The city is actively soliciting contractors for various aspects of the development, including the stadium, parking garages, roads, and infrastructure, with a focus on timely and cost-effective delivery. The stadium will be covered, allowing year-round events and full-time employment opportunities.