Jensen Infrastructure has acquired 100 acres in Lancaster, California, to build a 400,000-square-foot precast concrete manufacturing facility, marking a significant industrial investment in the Antelope Valley area of Northern Los Angeles County. The project highlights the region's growing appeal as an alternative industrial market due to low vacancy rates in nearby Inland Empire and the pro-business environment of Lancaster. Construction is expected to start soon and complete by March 2027.

Empire State Realty Trust (ESRT) has completed its transition to a portfolio fully located in New York City by selling its last suburban asset in Stamford, Connecticut. The REIT's portfolio includes office, retail, and multifamily properties, with significant acquisitions in Manhattan and Brooklyn. ESRT reported strong leasing activity and high occupancy rates in 2025, with notable lease renewals and expansions by major tenants. Despite a slight decline in observatory net operating income and visitor numbers at the Empire State Building, overall financial performance showed increased net income and stable revenues.

New York City Mayor Zohran Mamdani appointed six new members to the Rent Guidelines Board, securing a two-thirds majority that could influence rent increase policies for the city's 1 million rent-stabilized apartments. While Mamdani campaigned on a rent freeze, he did not explicitly reiterate this plan during the appointments. The board, which includes tenant and owner representatives, will review economic data and public testimony before deciding on rent adjustments. Landlord groups warn that a rent freeze could worsen financial distress among rent-stabilized buildings, while some former board members advocate for reforms linking rent increases to landlord performance. The issue remains contentious amid rising costs and a housing affordability crisis in New York City.

Mark Zuckerberg and Priscilla Chan are reportedly considering purchasing a $200 million spec estate on Indian Creek Island, Florida, which is still under construction and expected to be completed by mid-2027. Initial reports mistakenly claimed they were buying a different mansion owned by the Cancro family, who are not selling. The potential purchase has sparked discussion about billionaire migration influenced by California's proposed wealth tax, but it remains unclear if the couple will relocate to Florida.

Nespresso, a subsidiary of Nestlé Group, has renewed its lease for 41,835 square feet at 111 West 33rd Street in Midtown Manhattan for seven years. The office space is located in a 26-story building owned by Empire State Realty Trust and is home to several corporate tenants. The renewal reflects stability in office leasing in the area, with average asking rents around $84.12 per square foot.

A joint venture between Third Coast Real Estate and ZSD secured $44 million in construction financing to develop a nine-story, 149-unit apartment building at 300-324 West Huron Street in Chicago, Illinois. The project, with a total cost of $57 million, will include a mix of studio, one-bedroom, and two-bedroom apartments, along with ground-floor retail and parking spaces. This development comes as Chicago's multifamily pipeline has thinned, potentially increasing rental prices and benefiting well-capitalized developers. The site had previous plans for office and condo projects that were shelved, and the current project proceeds under existing zoning, avoiding affordable housing mandates.

David Weinreb leased his West Chelsea penthouse condo in New York City for $177,500 per month, setting a new high for rental prices in the area. The full-floor, five-bedroom condo features extensive outdoor space, luxury amenities, and a private pool. Weinreb originally purchased the unfinished condo in 2017 and has since listed it multiple times for sale. He also owns a large estate in North Dallas, Texas, and is developing a large mixed-use project in Frisco, Texas, which includes commercial space and over 1,000 apartments.

LinkedIn has leased an additional 15,000 square feet of retail space at the Empire State Building in New York for 16 years, increasing its total footprint in the building to approximately 540,000 square feet including its office headquarters. The retail lease is part of a trend of significant retail and office renewals and leases in New York City, including deals by T.J. Maxx and J.P. Morgan Chase Bank. The average asking rent in the nearby Fifth Avenue retail corridor is reported to be $650 per square foot.

Plano is offering AT&T a $20 million incentive and a 65% property tax rebate for 25 years to secure its planned $1.4 billion global headquarters on 54 acres, including 2 million square feet of office, amenity, and retail space. The project aims to employ 10,000 workers and is expected to partially open in late 2028. This move marks a significant corporate relocation from Downtown Dallas, where AT&T currently occupies 3 million square feet, potentially impacting downtown property values.

Illinois Governor JB Pritzker has prioritized increasing housing supply in his budget address by endorsing legislation to allow multi-unit housing construction on lots previously zoned for single-family homes and permitting accessory dwelling units statewide. The plan aims to address Illinois' housing shortage by standardizing zoning and impact fees, with $250 million allocated for infrastructure, development assistance, and low-income housing programs. The Illinois Realtors association supports these reforms as a major step to combat high rents and limited homeownership, overcoming local opposition to zoning changes.

San Francisco's recently approved Family Zoning plan, intended to increase housing options and meet state housing production targets, faces legal challenges from both opponents and pro-housing advocates. Opponents argue the plan was rushed, lacks sufficient analysis, and threatens neighborhoods and rent-controlled tenants, while pro-housing groups claim it falls short of the state's required housing unit goals. The city approved the plan to avoid losing state funding and prevent forced approvals of projects, with officials emphasizing the plan's role in making housing more affordable for future generations.

Jeff Polashuk, regional vice president of Compass Florida, is leaving the company after eight years to join Gideon Strategic Partners as a vice president focusing on real estate. His departure follows the $4 billion merger between Compass and Anywhere Real Estate, now operating under Compass International Holdings. Compass Florida has grown significantly under his leadership, and his role will be succeeded by John Bilek overseeing Florida and Georgia. The merger has also led to leadership changes at the parent company level, with several executives departing.

Stephen Ross's Related Ross firm secured a $157 million construction loan from GoldenTree Asset Management to build Shorecrest, a 28-story luxury condo tower with 98 units in West Palm Beach, Florida. The development will feature high-end amenities managed by Equinox and is part of Ross's broader plan to transform West Palm Beach into a business hub, including additional luxury condo projects and office buildings within a mixed-use development. Construction is set to begin soon with completion expected in 2027.

Comstock Realty Partners has secured $50 million in remediation financing to develop a 14-acre master-planned community called Modelo in Commerce, California. The project includes 740 multifamily pads, 45 condominium units, 65 townhomes, and 179,501 square feet of retail space. The development will also feature a relocated and expanded Veterans Memorial Park with a new community center. The initiative aims to address the housing shortage and overcrowding in Commerce by providing a mix of affordable and market-rate housing units, supported by city incentives and streamlined processes.

The District of Columbia is proposing the Housing Production Omnibus Act of 2026 to replace the current Housing Production Trust Fund with a new Housing Opportunity Fund aimed at accelerating housing production and addressing the affordable housing shortage. The new fund would allocate at least $150 million annually and support both affordable and market-rate housing development, including land acquisition and tenant assistance programs. The bill also includes measures to attract investment, provide flexible financing, and implement anti-displacement plans. It has four cosponsors and is under consideration by the D.C. Council.

Mayor Zohran Mamdani appointed six new members, including chairperson Chantella Mitchell, to the New York City Rent Guidelines Board to oversee rent adjustments for rent-stabilized housing units. The board will review data and hold hearings before deciding on rent changes for leases from October 2026 to September 2027. The appointments reflect the mayor's campaign promise to freeze rent increases, a move opposed by landlord groups citing financial distress and potential housing stock deterioration.

AMS Acquisitions secured $50.5 million in construction financing from OceanFirst Bank to develop a 180-unit active adult multifamily community in Yorktown, Westchester County, New York. The project involves redeveloping a former office complex into a residential building with one- and two-bedroom rental units, featuring amenities such as a fitness center, pool, and walking trails. The development is expected to be completed in the second half of 2027 and targets downsizers seeking a resort-like lifestyle in an affluent market with limited active adult housing supply.

Johnson & Johnson announced plans to build a $1 billion cell and gene therapy manufacturing facility in Lower Gwynedd Township, Pennsylvania, creating 500 biomanufacturing jobs and 4,000 construction positions. The 154-acre project is part of J&J's $55 billion U.S. investment plan and is expected to open in 2031. Additionally, Eli Lilly is developing a $3.5 billion injectable medicine and device manufacturing plant in Pennsylvania's Lehigh Valley, also set to open in 2031 with 850 permanent jobs. These developments highlight Pennsylvania's growing life sciences sector and its success in attracting major pharmaceutical investments despite challenges in federal biotech funding and lab space market conditions.

Stockbridge Capital Group purchased the 115-unit 923 Folsom apartment complex in San Francisco for $64.3 million, reflecting a significant increase in per-unit price amid rising rents driven by demand from AI companies and limited new apartment development. The property is highly occupied and was previously owned by a J.P. Morgan affiliate. Additionally, Stockbridge is involved in a large-scale residential redevelopment project on Treasure Island, planning to add thousands of new homes.

The Vogel Group, led by Karl Vogel and Kevin Blair, joined Berkshire Hathaway HomeServices Chicago, specifically its Evanston office. The team specializes in vintage and historic properties as well as managing two-flat and three-flat rental properties in Chicago's North Side neighborhoods such as Andersonville, Edgewater, Lincoln Square, and Ravenswood. This move is part of a broader competitive shift among Chicago brokerages amid industry changes, with BHHS Chicago maintaining a strong presence in the region including parts of Indiana and Michigan. The article highlights recent agent movements and leadership changes within Chicago-area real estate firms.

Retro Recess, a new immersive arcade featuring classic video games and social activities, has signed a 10-year lease for a 10,000-square-foot space in the Metropolitan Building in Long Island City, Queens, New York. The arcade aims to create a community-driven, inclusive environment where people of all ages can enjoy nostalgic games and socialize. The building is undergoing a $14 million renovation and is evolving into a hub for experience-driven concepts.

Derek Jeter sold his seven-bedroom mansion in Coral Gables, Florida, for $13.2 million, more than double his 2018 purchase price. The luxury home features amenities such as a pool, basketball court, and wine cellar. Jeter also owns a nearby double-lot where he is building another waterfront mansion. Coral Gables has seen significant high-end real estate activity, with several multi-million dollar luxury home sales and listings in the area.

Jeffrey Epstein invested in and loaned millions to New York City developer David Mitchell, who specialized in luxury condos and retail properties but faced significant financial difficulties. Their relationship was transactional, with Epstein providing funding and social connections to enhance his stature. Mitchell’s projects, including boutique condos on the Upper East Side and the Life Hotel in Manhattan, struggled financially, leading to loan defaults and foreclosures. Epstein also helped Mitchell with various deals and introductions, but Mitchell’s financial troubles persisted after Epstein’s death, including lawsuits and eviction. The article highlights Epstein’s use of real estate investments to build influence and Mitchell’s ongoing financial and legal challenges.

The UK life sciences sector has grown significantly since 2019, with a 22% increase in active companies by 2025. Despite a cooling in leasing momentum, lab space availability in key regions like the Golden Triangle has risen, supported by a strong development pipeline. Leasing activity is increasingly driven by smaller occupiers and new technology demands such as automated labs and AI-driven research. Regional hubs outside London, including the north-west, are gaining prominence. Major partnerships and investments in AI labs highlight the sector's evolving real estate needs amid economic and regulatory challenges.

East Capital Partners secured $28.5 million in acquisition financing to purchase a seven-asset industrial portfolio in Westchester County, New York. The portfolio consists of small-bay industrial properties, which are smaller, multi-tenant warehouses, located in Mamaroneck. The acquisition is expected to benefit from strong industrial fundamentals, ongoing tenant demand, limited new development, and proximity to New York City. The financing was provided by Sound Point Capital Management, with Cushman & Wakefield arranging the transaction.

Illinois Governor JB Pritzker plans to propose a two-year suspension of the state's tax incentives for new data centers starting July 1, aiming to study their impact on the power grid, energy costs, and the economy. This move reflects growing concerns about electricity consumption and infrastructure strain amid a nationwide boom in hyperscale data centers driven by AI demands. Other states like Pennsylvania, Florida, and Georgia are also reconsidering incentives for data center development. The suspension could affect land purchases and infrastructure investments in Illinois' industrial corridors, signaling a cautious approach to unchecked data center growth.

CLK Properties secured $115 million in Freddie Mac-backed refinancing for the 918-unit Courtlands on the Park multifamily apartment complex in Des Plaines, Illinois. The loan, provided by Greystone, replaces previous bridge financing and includes a five-year term with a 30-year amortization and three years of interest-only payments. CLK had acquired the property in 2020 as part of a condo conversion project. Additionally, CLK obtained a $33.7 million Fannie Mae-backed loan from Greystone in 2022 for the purchase of Willow Creek Apartments in Jonesboro, Arkansas.

New York City Mayor Zohran Mamdani appointed five new members to the Rent Guidelines Board, giving his appointees a majority and signaling a push to freeze rents for rent-stabilized apartments. The new members include representatives from housing advocacy and labor groups, while a previous member who opposed rent freezes resigned early. The board, which acts independently, will review housing issues under the new leadership, amid the mayor's broader budget plans affecting property taxes in New York.

Sherwood Equities plans to expand its mixed-use condominium tower at 460 10th Avenue in Hudson Yards, New York City, by nearly 70,000 square feet through a zoning application to double the floor area ratio. The development will include over 200 residential units, retail space, and underground parking, with a total of 228,050 square feet of residential and 19,743 square feet of commercial space. In exchange for the expansion, Sherwood will invest $11.8 million in neighborhood infrastructure improvements and add affordable housing to the project.

JLL reported its seventh consecutive quarter of double-digit revenue growth in Q4 2025, with revenue rising 10% to over $7.6 billion. The company saw strong performances in management, investment sales, debt advisory, and leasing, particularly noting the highest office demand since 2019. Despite concerns about AI's impact on commercial real estate, JLL's CEO emphasized the firm's strengths in scale, proprietary data, and unified platforms. Earnings per share increased 66% year-over-year, surpassing analyst expectations.

A San Clemente-based developer, Nick Buchanan, has filed a lawsuit against Orange County Realtors to resolve disputes blocking a $130 million, 180-unit senior housing project in Laguna Hills, California. The project, approved under California's builder's remedy law, includes independent living units, underground parking, and amenities, with 10% of units for very low-income seniors. The lawsuit alleges unauthorized construction and interference by the neighboring property owner, aiming to clear the way for the development to proceed amid Southern California's housing shortage.

New York City's Mayor Zohran Mamdani has proposed a 9.5 percent property tax increase as a last resort to close a $5.4 to $7 billion budget gap, sparking concern among officials and commercial real estate leaders about the impact on working- and middle-class homeowners and investors. Alternatives such as a wealth tax or state assistance are preferred, but require state-level action. Critics argue the tax hike would worsen wealth inequality and housing affordability, while calls for fiscal responsibility and efficiency precede any tax increases. The debate highlights tensions between balancing the city budget and protecting residents and investors from increased financial burdens.

Jeff Greene, a billionaire real estate investor, has been developing a significant portfolio in West Palm Beach, Florida, including apartments, condos, a hotel, office space, and retail as part of his vision to transform the city. His major project, One West Palm, a mixed-use development with apartments, hotel rooms, and office space, has faced delays and a potential $5 million fine from the city if not completed by 2027. Despite setbacks, Greene continues to develop other projects including condos, industrial properties, and a school, while navigating city regulations and market timing to maximize his investments.

J.P. Morgan Chase Bank is renewing its retail lease at One Grand Central Place in Manhattan, New York, occupying 21,683 square feet near Grand Central Terminal. The building, a 55-story office tower, benefits from high foot traffic and excellent transit access. Recent leases in the building include a Japanese restaurant and a fintech firm expanding its office space, highlighting the location's appeal for retail and office tenants.

T.J. Maxx renewed its lease for a 46,437-square-foot retail space at Empire State Realty Trust's 250 West 57th Street in Midtown Manhattan, New York City, signaling confidence in the retail market. The retailer also recently secured a new 40,000-square-foot location at Herald Towers. ESRT is marketing a 540,000-square-foot office building near Eighth Avenue for sale, reflecting ongoing investment and repositioning in the Midtown area.

In Brooklyn, two waterfront condos recorded the highest contract prices last week, contributing to a total of 22 signed contracts including 14 condos, seven houses, and one co-op, with a combined contract volume of $66 million. The top deal was Penthouse 3A at One Domino Square, listed at $7 million, potentially setting a neighborhood price per square foot record. Another notable contract was a $5.5 million condo at 185 Plymouth Street in Dumbo, featuring luxury loft-style living. The developments are part of Two Trees' larger project around the old Domino Sugar refinery, with over two-thirds of the 160 units sold.

The Houston suburb of Kingwood is attracting multifamily investors and developers, highlighted by Sentinel Capital's purchase of Elm Creek Apartments, a 168-unit garden-style property. High Street Residential and Daiwa House Group are developing two apartment communities, while Caldwell Companies is building an active adult community with apartments and cottages for residents 55 and older. Kingwood, a master-planned community northeast of Houston, continues to grow as a favored location for multifamily and senior living developments.

The article reports on significant real estate transactions in New York City, including the sale of luxury residential units at 432 Park Avenue, a condo at 111 West 57th Street, and townhouses in Lenox Hill and Carnegie Hill. It also highlights a major commercial deal involving the Nomo Soho Hotel in Soho, sold at a substantial discount following bankruptcy proceedings. Additionally, the article notes a rebound in publicly traded real estate investment trusts driven by data centers, which support the AI industry infrastructure.

InterVest Capital Partners and Twain Capital Partners have formed a joint venture to expand their bridge lending platform, targeting pre-development bridge loans across the U.S. The partnership aims to increase lending volume significantly, focusing on loans ranging from $5 million to $25 million, with Twain also launching a C-PACE lending business for larger loans. The collaboration leverages InterVest's institutional capabilities and Twain's experience, positioning the firms for substantial growth in 2026 and beyond.

The article highlights record-setting real estate transactions in South Florida, including a $9 million single-family home sale in Coral Gables, a $61 million office property sale in Coconut Grove, a $39.5 million sale of a seven-building apartment complex in Miami-Dade County, and an $8.5 million medical office building sale in Palm Beach County. It also notes a rebound in publicly traded real estate investment trusts driven by data centers supporting the AI industry. All transactions and trends are centered in Florida.

The article discusses the debate over the cost-effectiveness of CityFHEPS rental vouchers versus shelter stays for homeless families in New York City, highlighting conflicting analyses from Christine Quinn's nonprofit and the Citizens Budget Commission. It also touches on recent residential and commercial real estate transactions in New York, including a $52.5 million condo sale and a $121 million hotel sale, as well as local opposition to residential development in Los Angeles County due to earthquake evacuation concerns.

The Embassy Suites by Hilton hotel in Lombard, Illinois, is facing foreclosure due to a $24 million debt dispute, with lenders seeking to appoint a receiver to manage the property amid ongoing financial distress. Despite generating sufficient revenue to cover debt service, the suburban hotel market remains weak post-pandemic, with many properties experiencing steep discounts and foreclosures. This situation reflects broader challenges in the Chicagoland hospitality sector, where business travel and office occupancy remain low, impacting hotel values and leading to aggressive lender actions.

Shawmut Design and Construction, a Boston-based national construction management firm, is aiming to grow its revenue to $5 billion by focusing on larger, more complex projects across the U.S. The company specializes in sectors including hotels, health care, retail, and education, with a strong presence in New York City and projects in Arkansas, California, and New England. Shawmut is also pioneering mass timber construction, emphasizing sustainability and aesthetic appeal. Recent strategic hires aim to enhance long-term business development and expand into mission-critical projects like data centers.

The article details recent commercial real estate permit filings in New York City, including new building applications for residential projects in the Bronx, Brooklyn, and Queens, major alterations to community facilities and office buildings, and demolitions of various structures in Brooklyn neighborhoods. The projects involve multi-story residential buildings with numerous dwelling units and alterations to existing community and office spaces.

The Myles is a luxury condominium development in Manhattan's Chelsea neighborhood, featuring 22 uniquely designed units with meticulous attention to detail, including diverse finishes and outdoor spaces. Developed by Grid Group, the building boasts a facade made of eight different materials, a fitness and wellness center, an infrared sauna, and a parking garage with 16 spaces. Prices range from over $2 million to $19 million for penthouses, with closings expected in the fourth quarter of the year.

Vanbarton Group, led by partner Joey Chilelli, specializes in converting underperforming office buildings into luxury residential properties in Lower Manhattan's Financial District, transforming the area into a vibrant live-work-play neighborhood. Notable projects include the conversion of 180 Water Street into a 718-unit residential tower and Pearl House at 160 Water Street into a 588-unit apartment building. The firm continues to acquire office buildings in New York City and Seattle for residential conversion, leveraging tax incentives and responding to market demand shifts despite a partial return to office work.

The article reviews the positive trends in New York's commercial real estate market in 2025, particularly the strong office lease activity in Manhattan. It discusses the cautious approach of building owners toward capital improvements amid economic uncertainty and offers strategies for responsible upgrades, including optimizing building management systems with AI, improving asset management through software, and developing resiliency solutions to address climate and power challenges. These measures aim to reduce costs and risks while preparing buildings for future demands.

Colorado's population growth is slowing, leading to increased multifamily apartment vacancies in the Denver metro area, reaching the highest level in 16 years. Despite a large supply of new multifamily units, rents have declined, improving affordability, especially for older Class-C units. About 34,200 multifamily units were vacant at the end of 2025, with 50,000 more in the pipeline. While new deliveries are expected to continue in 2026, they may decline sharply in 2027 due to affordable housing requirements, potentially causing rents to rise again. Renting remains more economical than owning in Denver as of 2025.

The article discusses the reversal of proposed steep federal funding cuts to the National Institutes of Health (NIH), which supports biotech research and life sciences lab real estate. The restored $48.7 billion NIH budget maintains stability for academic research centers and lab demand, particularly in biotech hubs like Massachusetts, California, and North Carolina. The initial proposed cuts threatened to halt early-stage research, delay construction of academic medical centers, and reduce leasing demand for lab space. Despite the funding restoration, challenges remain including high vacancy rates in lab real estate markets, regulatory uncertainties, and political risks affecting long-term biotech ecosystem growth.

Two employees of a South Beach condo association in Florida were arrested for a kickback scheme involving fraudulent payments related to the 40-year recertification of a 57-unit condominium building. The scheme involved false permit processing payments and money transfers between the association, a repair company, and the property manager. This case highlights ongoing issues of alleged fraud and misconduct within condo associations in South Florida following stricter recertification rules after the 2021 Surfside condo collapse.

JBG Smith's apartment portfolio in the Washington, D.C. metro area has experienced declining occupancy and net operating income due to federal workforce reductions, but the company expects stabilization and recovery in 2026-2027 driven by federal budget restorations and constrained new supply. The REIT is shifting strategy by selling multifamily assets to acquire office properties at discounts, including purchases in Tysons and Herndon, and plans to convert some office buildings into hotels. The company also sold a parcel for townhome development in Potomac Yard.

Lewis University has suspended in-person classes at its leased office building in Oak Brook, Illinois, after Immigration and Customs Enforcement (ICE) was confirmed to be operating in the same building. The university cited concerns about a potentially volatile environment and possible protests. Oak Brook officials noted the building is not zoned for detention facilities, and ICE's presence is reportedly for administrative purposes. The university has not decided on the future of its lease but hopes to continue using the space this semester.

Four West Developers is planning an $85 million, eight-story condo and retail project called Square Hallandale in Hallandale Beach, Florida, featuring small suites for sale to small business owners and investors. The development will include amenities such as pickleball and padel courts, a social lounge, and fitness facilities, along with 18,000 square feet of retail space. The project aims to address rising office vacancy rates in Broward County by offering an alternative to traditional office leases. Additionally, Kadima Developers is planning a $70 million mixed-use project with condos, retail, entertainment, and warehouses nearby.

Marquette Companies is advancing a $90 million mixed-use multifamily development in Villa Park, Illinois, featuring 238 apartments and commercial space, supported by a $55 million construction loan from Associated Bank and equity from MetLife. The project includes a public parking garage and reflects growing investor confidence in Chicago suburbs amid a challenging property tax environment in Cook County. Despite fewer new apartments expected in Chicago this year, investment activity remains strong, highlighted by a recent $126 million purchase of a large apartment tower in the Loop.

A 402-acre Islamic-centered master-planned community called The Meadow near Dallas, Texas, is under federal and state scrutiny for alleged religious discrimination and improper municipal utility district boundary expansions. The U.S. Department of Housing and Urban Development is investigating claims that the project promotes exclusivity for Muslim residents and uses discriminatory sales practices. Meanwhile, the Texas Attorney General has filed a lawsuit challenging the expansion of the utility district supporting the development. The project includes over 1,000 homes, a faith-based school, mosque, senior housing, apartments, retail, and sports fields, and has faced previous legal challenges.

Ikea announced plans to open a new 66,000 SF retail store in Gurnee, Illinois, as part of a broader U.S. expansion including locations in Los Angeles and Texas. The article also highlights recent commercial real estate transactions in Illinois, including sales of multifamily, industrial, and mixed-use properties in Chicago-area neighborhoods such as Lakeview, Gurnee, Wicker Park, and Little Italy. Additionally, there are personnel updates from real estate firms in Chicago.

Palantir Technologies is relocating its headquarters from Denver, Colorado to Miami, Florida, citing regulatory challenges and protests in Colorado related to AI use. This move aligns with Miami's efforts to attract tech companies and grow its AI sector. Other companies, including private equity firm Trinity Investments, Canadian waste management firm GFL Environmental, and Danish retailer Flying Tiger Copenhagen, are also establishing or expanding their presence in Miami. These firms are leasing office and retail spaces in various Miami neighborhoods, contributing to the city's commercial real estate growth.

InterContinental Hotels Group (IHG) is launching a new upscale brand called Noted Collection, aiming to grow its upscale hotel footprint by 48% over the next decade to 965 hotels globally. The brand will maintain individual hotel identities while leveraging IHG's technology and capabilities. The rollout will begin in regions with strong performance, including Europe, the Middle East, Asia, and Africa. Despite global revenue growth, U.S. hotel revenue per available room declined slightly in the fourth quarter due to reduced leisure and business travel amid economic challenges. IHG also announced a $950 million share buyback plan to enhance shareholder value.

Thomas J. Pritzker resigned as executive chairman of Hyatt Hotels Corporation due to his association with Jeffrey Epstein and Ghislaine Maxwell, expressing regret for maintaining contact with them. His departure led to the appointment of CEO Mark S. Hoplamazian as chairman. The Pritzker family is influential beyond hospitality, with ties to Illinois politics and Harvard University.

The article discusses the luxury real estate market in Texas, highlighting the recent sale of a spec mansion in Dallas and noting significant price reductions on other high-end homes. It also mentions developer Bart Plaskoff's community-scale mixed-use project in Oak Cliff, which was sold to another investment group, leaving its future uncertain.