Fedcap, an employment services nonprofit focused on aiding homeless individuals and those affected by the criminal justice system, has signed a six-year lease for 37,760 square feet at 39 Broadway in Manhattan's Financial District. The organization will occupy the entire second and third floors of the 37-story office building, enhancing its presence in Lower Manhattan and supporting its mission to expand economic opportunity. The lease reflects a trend of public service organizations valuing central locations in Lower Manhattan for community impact and operational growth.

CIM Group is seeking to increase housing density at its under-construction development at 6007 Sunset Boulevard in Hollywood, Los Angeles, by adding an eighth floor to create 172 apartments, including affordable units for extremely-low-income residents. The developer is also planning to add apartments at the Lumina Hollywood Apartments and a new two-story building with 50 apartments in Mid-Wilshire, utilizing city incentives to allow higher density in exchange for affordable housing. These efforts focus on expanding residential capacity through mixed-use developments with retail and parking components.

The U.S. multifamily market is stagnant due to a weak job market and slow population growth, with average rents and occupancy rates largely flat or slightly down year over year. Some markets with supply issues, like Austin, Phoenix, Denver, and Tampa, saw rent declines, while large gateway cities such as New York, San Francisco, and Chicago experienced rent growth driven by return-to-office mandates and demand for more affordable living spaces in the Midwest.

Developers Cammeby’s International Group and Rybak Development have filed plans to build two new 22-story residential towers in Brooklyn’s Coney Island, New York, totaling 703 units with affordable housing, commercial space, community facilities, and parking garages. The project would be part of a larger development including existing buildings and future plans, potentially resulting in 1,148 residential units across four buildings by 2034. Rybak is also independently developing additional mixed-income housing nearby.

Canada's Bank of Montreal (BMO) plans to significantly expand its retail banking footprint in California and Arizona by opening over 130 new locations in California and about 15 in Arizona over the next five years. This expansion follows BMO's acquisition of BNP Paribas' U.S. division, which added approximately 500 retail stores and boosted its U.S. assets by 50 percent. Despite challenges in California's business environment and recent bank failures, BMO is reinvesting in higher-growth states like California, including selling some locations to First Citizens Bank & Trust Company. Other banks, such as Customers Bank, are also increasing their presence on the West Coast to fill gaps left by closures and mergers.

The former Newport Coast mansion of reality TV stars Heather and Terry Dubrow is listed for $62 million, potentially setting a new record for Orange County residential sales in 2026. The 20,000-square-foot, seven-bedroom estate features luxury amenities and has a complex ownership history involving a recent court case. The LLC owning the property is linked to Gu Fang, wife of billionaire Xu Hang, who has also acquired other high-profile celebrity homes in Los Angeles and Orange counties.

A $19.4 billion artificial intelligence data center is proposed in rural Western New York, specifically in the town of Alabama, Genesee County. The 2.2-million-square-foot project by Stream Data Centers aims to meet growing AI infrastructure demands but faces opposition from local residents and Indigenous groups due to environmental, social, and power consumption concerns. The facility would require significant electricity, potentially impacting local costs and ecosystems, and is near sensitive areas including the Tonawanda Seneca Nation and Iroquois National Wildlife Refuge. The project awaits local and state approvals and plans to be operational by 2030.

LD&D and One Capital secured $30.5 million in construction financing from Maxim Capital Group for Surf Row Residences, a 24-unit luxury condo development in Surfside, Florida, with delivery expected in 2027. The project features extensive amenities and is part of a broader trend of luxury condo developments in the Surfside area following the 2021 Champlain Towers South collapse. The development team has also committed funds to local street improvements, and the area continues to attract high-profile buyers and additional boutique condo projects.

Harrison Street Asset Management secured $136 million to refinance Moderna Lofts, a 366-unit luxury multifamily apartment complex in Jersey City, New Jersey. The property, converted from a historic warehouse, features amenities such as a fitness center, resident lounge, pet spa, and retail space, and benefits from a transit-friendly location near multiple rail stations providing access to New York City. The refinancing was arranged by Cushman & Wakefield with debt provided by J.P. Morgan Chase.

Signature Development Group and SRM Development have revised their plans for a senior housing complex at Brooklyn Basin Parcel E in Oakland, California, reducing the number of units from 191 to 175 in a seven-story building designed to accommodate various senior needs including memory care. This project is part of a larger 64-acre master plan expected to house 6,000 to 9,000 residents. Meanwhile, other developers in the Bay Area are increasing housing unit counts in their multifamily projects, reflecting a trend of expanding residential capacity in the region.

Singapore's sovereign wealth fund GIC has partnered with Prologis in a $1.6 billion joint venture focused on build-to-suit industrial logistics projects in the U.S., expanding a portfolio of approximately 4.1 million square feet with plans for further growth. This venture emphasizes the strong demand for industrial warehouse space driven by e-commerce growth and supply chain reshoring, with Prologis expecting a majority of its future development completions to be build-to-suit. The article also notes GIC's broader investments in global logistics, including deals involving industrial properties in Mexico and Ireland.

A legal battle is underway over the Fordham Landing megaproject in the Bronx, New York, which aims to deliver 5,000 affordable housing units across two phases including office and retail space. Dynamic Star partners Segal and Zackson are fighting investor Igal Namdar, who is accused of attempting to foreclose on the project by acquiring a defaulted loan. The dispute involves multiple bankruptcies filed to halt foreclosure and efforts to refinance or find new investors. The project, one of the largest affordable housing developments in New York City in decades, received $55 million in state funding for infrastructure and could become the largest real estate development since Hudson Yards.

A luxury condo in Chicago's Gold Coast, formerly owned by the late Jim Crown, is back on the market with an asking price of $16 million, making it the most expensive condo currently listed in the area. The 12,000-square-foot unit spans parts of two floors, features seven terraces, and combines three original units with high-end design and amenities. The sale follows Crown's death in 2023 and could indicate demand trends in Chicago's high-end real estate market.

Industrious, a coworking and flex space provider, is expanding its presence in Manhattan, New York, with three new locations and an expansion of an existing site. The new spaces include a 43,000-square-foot office in Midtown East, a 33,000-square-foot hospitality-focused location in the West Village, and a 24,500-square-foot office in the Flatiron District. Additionally, Industrious is increasing its footprint by 24,000 square feet at its NoMad location. These expansions reflect strong demand for neighborhood-based coworking spaces in New York City.

The Westside Future Fund in Atlanta, Georgia, has secured $47 million to develop North+Oliver, a 120-unit affordable rental housing project in the English Avenue neighborhood, replacing the demolished Oliver Street Apartments. The development will offer one- to three-bedroom units targeting households earning 30% to 70% of the area median income, with 25 units reserved for lower-income renters through supportive housing subsidies. This project is part of a larger effort to revitalize the area with over $100 million in multifamily developments planned, supported by tax-exempt bonds, low-income housing tax credits, and public funding. Construction is expected to start later in the year with completion aimed for 2028.

Global private real estate fundraising increased by 13% in the past year to $172 billion, marking the first annual gain since 2021, driven mainly by large funds and familiar investment strategies like opportunistic, value-add, and debt. Despite this growth, high borrowing costs and cautious fund targets suggest a restrained recovery, with banks expected to reduce commercial real estate mortgage exposure, potentially benefiting alternative lenders. Large pension funds in Ohio and Colorado remain under-allocated, indicating future investment opportunities.

Prologis and Singapore’s GIC have formed a $1.6 billion joint venture to develop build-to-suit industrial logistics properties across the U.S., leveraging strong e-commerce growth and supply chain reshoring. The venture includes an existing 4 million square feet portfolio with expansion capacity. Industrial space construction is robust, driven by data center development especially in Texas and the Greater Washington, D.C. area, where inventory expansion is among the largest nationally. Prologis continues to expand its data center footprint, reflecting strong tenant demand and strategic growth in this sector.

WindMass Capital, a Dallas-based multifamily syndicator, is facing foreclosure on five apartment complexes totaling 1,406 units in Dallas, Texas, after defaulting on a $120 million loan. The properties, built in the early 1980s and located in the Lake Highlands neighborhood, were purchased in 2021. WindMass utilized a housing finance loophole to reduce tax burdens but was impacted by rising interest rates, which affected their ability to service floating-rate loans. The firm had also acquired other distressed multifamily properties in the Sun Belt region, including a 412-unit property in Austin, Texas.

Stellar Management has appointed Matthew Lembo and Ryan Jackson as co-CEOs following the death of founder Larry Gluck. The firm manages a large portfolio including over 13,000 apartments and 3 million square feet of office and retail space, primarily in New York City. Recently, Stellar and co-owner Chetrit Organization defaulted on a $400 million mortgage for the Columbus Square shopping center on the Upper West Side, leading to a foreclosure lawsuit. The ownership owes $370 million including interest and late charges.

Adam Neumann's plan to develop a new campus for the SOLFL private school in El Portal, Miami, involved demolishing a dilapidated 1950s church building despite initial intentions to renovate it. The project has faced opposition from local residents but also support due to incentives offered to the village, including annual payments and community improvements. The school will serve about 350 students and includes plans for classrooms, outdoor education zones, and other facilities. The site also includes a neighboring single family house and vacant lot, with the development replacing a previously approved but unbuilt Catholic school project.

Jeff Erxleben has been promoted to president of capital markets at Northmarq, overseeing a large team across more than 50 offices. With a 23-year tenure, he has played a key role in expanding the firm's investment sales, particularly in the multifamily sector, including the acquisition of Stan Johnson Company in 2022. Northmarq now operates as a full-service commercial real estate firm representing all product types and financing vehicles, with significant growth and future opportunities ahead.

Ashley Stinton, managing partner at the National Association of Realtors’ NAR REACH accelerator, focuses on scaling proptech solutions across the U.S. residential real estate market. Her work supports both Realtors and consumers by investing in diverse startups that improve affordability, transaction efficiency, and homeownership readiness, including AI-driven inspection reporting and financial education platforms. NAR REACH emphasizes diversity among founders and adapts to rapid technological changes, particularly in AI, to meet the needs of a broad range of real estate professionals and consumers.

Matthews, a commercial real estate investment services and technology firm, has appointed Clint Olsen as its new executive vice president. Olsen, formerly with JLL and Cushman & Wakefield, brings extensive experience in transactions across office, multifamily, retail, and development sites primarily in New York City. Matthews, recently rebranded and based in Nashville, plans to expand its New York presence with a new office at 711 Third Avenue, complementing its existing location at 575 Fifth Avenue. Olsen's hire coincides with leadership changes at JLL, including a new head of New York brokerage and a CEO resignation.

The article discusses the challenges in New York City's housing development caused by wage requirements under the 485x program, which penalizes projects with 100 or more units by mandating higher contractor wages. This has led to fewer and more expensive apartments, as developers cap projects below 100 units to avoid these costs. The political influence of construction unions and the disconnect between politicians and developers contribute to these outcomes, with unions prioritized over housing needs and developers unable to effectively influence legislation.

The article reports on several high-value residential real estate transactions in South Florida, including luxury homes and estates in Delray Beach, Wellington, West Palm Beach, and Bay Harbor Islands. These properties feature extensive amenities such as multiple bedrooms, bathrooms, pools, equestrian facilities, and waterfront views, with sale prices ranging from $7 million to $19.2 million. The buyers and sellers include trusts, LLCs, and individual investors, with notable involvement from executives and companies.

The article discusses the evolving real estate market in New York, highlighting a return of capital, resetting pricing expectations, and progress on long-delayed deals. It notes a divided office market with top-tier assets stabilizing and older buildings needing repositioning or conversion, while residential faces inventory constraints and high borrowing costs. The piece promotes the upcoming Real Deal NYC Forum, featuring industry leaders discussing topics such as urban transformation, public-private housing partnerships, emerging assets like data centers, and market strategies beyond Manhattan.

Ahmed Tigani has returned as commissioner of the New York City Department of Buildings (DOB), focusing on implementing the City of Yes for Housing Opportunity text amendment, improving customer service, and reforming façade inspections and sidewalk shed designs. The DOB is working closely with developers on zoning compliance and affordability requirements, while also advancing digital processes like DOB NOW. The city has reopened applications for its Plus One ADU program to finance accessory dwelling units. Recent major real estate transactions include a $13 million co-op sale, a $28 million office building sale, and a large mixed-use project permit in Midtown Manhattan. The article highlights ongoing efforts to support housing affordability and streamline development in New York City.

In New York City, 170 real estate transactions totaling $256 million were recorded within 24 hours on March 18, 2026. Notable residential sales included high-value co-op units in the Upper West Side and Upper East Side, with prices ranging from $4.9 million to $13 million. The top commercial transaction was the sale of a seven-story office building with ground-floor retail in Hunters Point for $28 million. These deals involved prominent investors and real estate firms, highlighting active market activity in both residential and commercial sectors.

Virginia lawmakers are deadlocked over whether to end the state's tax breaks for data centers, a key incentive that has helped make Virginia the global epicenter for data center development. The House supports keeping the tax breaks with new environmental standards, while the Senate proposes eliminating them by 2027 to fund the state budget. This impasse has delayed the state budget and prompted a special legislative session. The outcome could significantly impact the data center industry in Virginia, with proponents warning that removing incentives would slow development and opponents arguing the industry will continue without them. Several related bills addressing environmental and infrastructure concerns for data centers have also passed and await the governor's decision.

Washington has enacted Senate Bill 6091, the strictest law in the U.S. banning private real estate listings, requiring brokers to market properties publicly and penalizing violations with fines and possible license revocation. Wisconsin was the first state to ban private listings, and other states like Illinois, Hawaii, and Connecticut are considering similar measures. The law aims to promote transparency, fairness, and equal access in the residential real estate market, aligning with the National Association of Realtors' Clear Cooperation Policy.

Commercial real estate activity reached a four-year high in February, with a 7 percent month-over-month increase and a 28 percent rise in new listings year-over-year, signaling potential market recovery despite ongoing uncertainties such as elevated borrowing costs and geopolitical tensions. Early-stage indicators like environmental site assessments increased, suggesting active underwriting, while lender appraisals declined, reflecting uneven financing. The office sector led growth in commercial loan originations, indicating a rebound in that property type.

The New York City Department of Buildings is intensifying enforcement and outreach to improve construction site safety following a rise in worksite deaths and ongoing challenges with underreporting due to fears of immigration enforcement. Despite a decrease in reported injuries, fatalities have increased, and immigrant workers' fear of ICE raids may hinder safety reporting. The city has implemented stricter superintendent oversight, increased inspections, and plans technological improvements to enhance compliance tracking. Local laws protect workers from ICE without warrants, and the DOB emphasizes safety regardless of immigration status, aiming to build trust and ensure safer construction environments amid a national labor shortage.

The most expensive home for sale in Santa Monica, California, has reduced its price from $110 million to $88 million, a 20% decrease. The luxury estate, owned by an LLC linked to the Washington Companies, features high-end amenities and a geothermal energy system. Other high-end homes in California, including properties in Bel Air and Beverly Hills, have also seen significant price reductions recently, attracting buyer interest.

Bank of Hope has signed a lease for approximately 50,000 square feet of office space in the Aon Center at 707 Wilshire Blvd, Downtown Los Angeles, relocating its headquarters from 3200 Wilshire Blvd. The lease was brokered by Colliers and Avison Young, with the building owned by Carolwood LP. The Downtown Los Angeles central business district had a 31.7% office vacancy rate in Q4 2025.

George Pino, a Doral-based broker and president of State Street Realty, is preparing for trial on manslaughter and vessel homicide charges related to a 2022 boat crash near the Florida Keys that killed a teenage girl and injured others. An expert neurologist evaluated Pino for traumatic brain injury, which may be used in his defense. The crash involved Pino's 29-foot boat capsizing after hitting a concrete marker, with allegations including refusal of sobriety tests and serving alcohol to teenagers. The incident has also led to a lawsuit from the injured teen's parents.

Los Angeles County has extended emergency rent caps limiting increases to 10% above pre-fire levels for survivors of the Palisades and Eaton fires, which displaced thousands and destroyed homes. The rent caps, renewed monthly since January 2025, aim to protect vulnerable tenants facing high rents and eviction risks amid slow rebuilding and insurance delays. The county also extended the eviction notice period from one to two months in unincorporated areas affected by the fires to provide renters more time before formal proceedings. Landlord groups argue the caps strain owners due to rising costs, but officials emphasize the need for continued tenant protections.

The article discusses the recent Illinois primaries focusing on Cook County's property tax system and its impact on Chicago's real estate market. Challenger Patrick Hynes defeated incumbent Cook County Tax Assessor Fritz Kaegi, with hopes that Hynes will bring more accurate assessments and attract investment to the area. The Cook County Board of Review also saw changes with Elizabeth Nicholson unseating an incumbent, highlighting the importance of collaboration between the assessor's office and the Board to stabilize property tax assessments. The real estate industry is closely watching these developments, anticipating that improved governance could revive Chicago's commercial real estate market and development pipeline.

Google is preparing to move into the renovated Thompson Center in Chicago's Central Loop by 2027, with plans to house about 2,000 employees. The building, formerly government offices and now redeveloped by The Prime Group and Capri Investment Group, will feature office and retail spaces managed by CBRE and Savills respectively. The project is seen as a significant boost to the Loop's economic and infrastructural revival.

The city of Oakley, California, has approved the 164-acre Bridgehead Industrial Project, a 3-million-square-foot logistics campus that will more than double the industrial inventory of Oakley and nearby Antioch. The project, led by JB2 Partners and Oxfoot Oakley, will include 10 buildings for manufacturing, packaging, warehousing, wholesale distribution, and research and development, but excludes a previously proposed data center due to community concerns. The development is expected to create 3,500 permanent jobs, 3,700 construction jobs, and generate significant annual revenue for the city.

Rapper Rick Ross secured an additional $10.7 million loan backed by his waterfront mansion on Star Island in Miami Beach, Florida, increasing his mortgage principal to $35 million. The 12,400-square-foot estate features six bedrooms, multiple bathrooms, a home office, and extensive water frontage. The article also highlights recent high-profile real estate transactions on Star Island involving other billionaires, emphasizing the luxury market in Miami-Dade County.

The article discusses the introduction of Zillow Preview, a pre-market home listing option allowing agents to list homes before public MLS marketing, and the response from Austin's MLS CEO Emily Girard who advocates for a cooperative marketplace that gives sellers control over listing exposure. It highlights the tension between national platforms like Zillow, Compass, and Redfin pushing private and pre-market listings, and local MLS efforts such as Unlock MLS's Flex Listings that offer a controlled, subscriber-only preview. The debate centers on balancing seller control, market transparency, and the impact of private networks on MLS access and market data.

Charlotte and Raleigh in North Carolina have emerged as the top retail markets in the U.S., showing strong demand and low vacancy rates driven by big-box and small-shop retailers. The retail sector in these cities is highly sought after due to robust in-migration and household formation, with retail outperforming other commercial real estate sectors like office and multifamily. This has led to increased pricing and cap rate compression, making retail a favored asset class for investors in the region.

NorthBridge Partners acquired three warehouses totaling 359,262 square feet in Lauderhill, Florida, for $81.5 million. The properties are part of the Elevate Broward industrial park and were previously owned by Harbert Management, which bought them three years ago for $65.8 million. This purchase expands NorthBridge Partners' industrial portfolio in South Florida, following a recent acquisition of another industrial park in Oakland Park, Florida.

Raven Property Advisors has expanded its brokerage services by launching a capital markets division, hiring Jared Sobel, an experienced multifamily financing broker, to lead growth. The new division offers debt brokerage and capital advisory services alongside Raven's existing investment sales business, having already secured significant debt mandates and investment sales listings.

The Downtown Los Angeles office market, despite high vacancy rates near 32%, shows signs of recovery with new leases in prime buildings like Carolwood's Aon Center. Bank of Hope recently signed a 50,000-square-foot headquarters lease at the 62-story tower, relocating from Koreatown. The building, purchased by Carolwood in 2023 after significant renovations, continues to attract tenants seeking high-quality, amenity-rich office spaces, reflecting a market trend favoring upgraded Class A assets.

Justin Ishbia's private equity firm is close to acquiring a 47-acre Amtrak rail yard in Chicago's South Loop, with plans for a mixed-use development that may include a healthcare facility and innovation hub. The site is being considered for a new stadium for the Chicago White Sox, whose lease at their current stadium expires in 2029. The project is still in early stages and faces challenges including relocating Amtrak's maintenance operations and securing funding amid political resistance to public financing for stadiums.

Chicago City Council approved a new Tourism Improvement District imposing a 1.5% surcharge on downtown hotel room rates starting May 1, expected to generate over $40 million annually to boost the city's tourism recovery post-pandemic. This surcharge, combined with the existing 17.5% hotel tax, makes Chicago's total hotel tax the highest in the nation at 19%. The funds will be managed by Choose Chicago and a hotel industry board to enhance marketing efforts, attract conventions, and compete with other cities offering subsidies for events. Despite a 6.5% increase in visitors in 2024, attendance at large events remains below pre-pandemic levels, prompting this strategic funding move to regain market share in the convention and meetings sector.

Younger Partners Investments acquired a 375,000-square-foot retail portfolio called Presidio Junction in North Fort Worth, Texas, consisting of three shopping centers fully leased with major national tenants. The deal, financed with $113.7 million, expands the firm's retail holdings in Texas to about 1.4 million square feet. The properties benefit from strong foot traffic, high occupancy rates, and proximity to a large mixed-use development and growing residential demand in the area.

Compass International Holdings has appointed Sue Yannacconne as its chief operating officer following the merger of Compass with Anywhere Brands, which includes Sotheby’s International, the Corcoran Group, and Coldwell Banker. The merger led to executive changes, including the departure of Anywhere CEO Ryan Schneider and Compass M&A head Lauren Conway. The company also dismissed its antitrust lawsuit against Zillow after changes to Zillow's listing policies. Yannacconne aims to support the combined organization's 340,000 real estate professionals.

GL Homes is seeking approval for a residential development of over 500 homes on the former Calusa golf course in unincorporated Miami-Dade County, Florida. The project has faced legal challenges and community opposition due to concerns about environmental impacts on a threatened bird rookery, traffic, and school capacity. The developer has revised plans to reduce home count and establish protective buffers around the rookery, while negotiating with local residents to reach a settlement. The proposal is pending a county commission vote, with ongoing discussions between GL Homes and community groups.

Meta has signed a 10-year lease for a 15,000-square-foot retail space at 697 Fifth Avenue in Midtown Manhattan, New York, to open its first permanent East Coast brick-and-mortar store selling virtual reality headsets and smart glasses. This follows a successful pop-up store in the same location. Meta is also a major tenant at the Farley Building in New York, leasing 730,000 square feet, and previously held space at 770 Broadway. The deal involves Vornado Realty Trust, which has managed related loan modifications for the property.

Private real estate fundraising experienced a cautious recovery in 2025, with global funds raising $172 billion, a 13% increase from 2024. Despite high interest rates and geopolitical uncertainty, most capital was directed toward opportunistic, value-add, and debt strategies. Large funds maintained steady fundraising levels, while new managers faced challenges. Banks currently hold a significant share of maturing CRE mortgages, but their exposure is expected to decline. Several large pension funds, including those in Ohio and Colorado, remain under-allocated to real estate, presenting opportunities for future fundraising growth.

The construction of Taiwan Semiconductor Manufacturing Co.'s large chip fabrication plant cluster in Northern Phoenix, Arizona, is transforming the region into a global semiconductor hub. This $165 billion investment is driving significant growth in industrial, multifamily, retail, office, healthcare, and hotel sectors, while also spurring mixed-use developments and reshaping the local economy. The project is accelerating industrial expansion and population growth, prompting adaptations in housing and educational programs to support the influx of workers and their families.

San Antonio is developing the Stone Oak Area Regional Center Plan to guide growth and increase density in this traditionally suburban area. The plan promotes walkable, mixed-use developments combining residential, retail, and office spaces along major corridors, with a focus on creating "missing middle" housing types like townhomes and duplexes to enhance affordability. Key sites include a future mixed-use district at a former quarry and a large undeveloped tract envisioned for housing and public spaces. Environmental constraints and infrastructure improvements are also addressed. The plan serves as a policy guide for zoning and development decisions through 2040.

Bayshore Properties has acquired Aspen Ridge Apartments, a 253-unit multifamily complex in West Chicago, Illinois, for nearly $45 million, marking a 55% increase in value since 2021. The firm is focusing on suburban workforce housing with value-add opportunities near transit and retail hubs, using AI-driven property management to enhance operations. This purchase follows another major suburban acquisition by Bayshore and reflects a broader trend of investors favoring suburban multifamily properties for better cap rates and rent growth compared to urban cores.

SummerHill Homes is advancing multiple residential development projects in California's Silicon Valley, including plans for townhome-style condominiums in Palo Alto and Santa Clara, as well as a residential community in Los Gatos. The developer acquired properties previously used for commercial purposes and motels, with intentions to demolish existing structures and build new multi-unit residential communities ranging from 29 to 292 units. These projects reflect a strategic shift toward increasing housing supply in the region.

The article discusses the slow progress of rebuilding residential homes in the Pacific Palisades area of Los Angeles County following devastating wildfires. Despite thousands of damaged or destroyed structures, only a small number of permits and rebuilds have been completed, with insurance payouts and permitting processes cited as major barriers. Local developers and residents note that delays are also due to factors such as architectural resubmissions and residents' hesitancy to return without commercial infrastructure. The market is showing signs of increased activity, with more families returning and lot sales rising, while a key commercial development, Palisades Village, is expected to reopen soon to support the community.

Cord Meyer Development secured a $75 million construction loan for a multifamily project called the Residence at Bay Terrace in Queens, New York. The project involves two five-story buildings with 145 units, including affordable housing under the 485x tax abatement program, and amenities like rooftop terraces and a clubhouse. Construction is expected to start soon and finish in 2028, with the adjacent shopping center remaining open during the build. The developer is also planning a 276-unit mixed-use project in Jackson Heights, replacing a bowling alley with a 13-story building. These developments reflect a trend toward mixed-use projects that integrate living, shopping, and gathering spaces.

Yoshida & Company, a Japanese accessory manufacturer, purchased a retail property in Williamsburg, Brooklyn, New York, for $33.5 million. The one-story building, fully occupied by a Bank of America branch, was previously owned by Wharton Properties and Daol Asset Management. The property includes 6,200 square feet of built space and 12,400 square feet of additional air rights. Williamsburg is known for its upscale retail environment, with luxury brands like Rolex and Hermès present in the area.

The Texas Senate race is headed for a contentious runoff between Senator John Cornyn and Attorney General Ken Paxton, with no withdrawals despite calls for unity from party leaders and former President Trump. The race centers on the SAVE America Act, a controversial election law bill, with Paxton demanding changes to the filibuster to pass it and Cornyn showing some openness to adjustments. The outcome is seen as a proxy battle over national GOP priorities and Trump's influence, with the endorsement still pending and the runoff scheduled for May 26.