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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The article discusses the challenging year ahead for multifamily apartment landlords and REITs, highlighting slower net operating income growth due to rising operating expenses outpacing rent increases. Despite limited new supply and strong renewal rates supporting demand, several REITs including Mid-America Apartment Communities, Equity Residential, AvalonBay Communities, and Camden Property Trust report modest or declining NOI growth. Key markets mentioned include the Sun Belt, California, Denver, Washington, D.C., and Seattle, with Camden planning to exit California to focus on the Sun Belt. The article also notes a decline in new apartment deliveries and improving rent-to-income ratios as factors influencing the market outlook.

Aventura developer Centtral Aventura LLC secured a $70 million construction loan from Ocean Bank for a 142,000-square-foot retail and office project on Biscayne Boulevard near Aventura Mall. The nine-story building will include 63,400 square feet of office space with the remainder dedicated to retail, restaurant, and fitness uses. The project addresses strong demand amid low retail vacancy rates and a slowing development pipeline in Miami-Dade County, where retail and office spaces remain highly sought after with competitive pricing.

Several multifamily apartment properties in the Chicago suburbs and city sold recently, totaling hundreds of units and hundreds of millions of dollars in transactions. Buyers include local and out-of-state investors, reflecting strong confidence amid a low supply of new multifamily developments and rising rents. Notable sales include the Orion59 Apartments in Naperville, Arlington Lakes Apartments, Quincy Station Apartments in Westmont, and a 322-unit apartment tower in downtown Chicago. The market benefits from strong fundamentals and predictable tax environments in the suburbs.

Graham Companies proposed a 541-unit apartment complex in Miami Lakes, Florida, on a 22.2-acre site previously intended for a senior village and assisted living facility. The project, which includes three- to five-story buildings, faces local opposition and awaits zoning approval. The firm also plans a 220-unit complex nearby and recently acquired a 448-unit property. The proposal considers affordable housing incentives under the Live Local Act but raises concerns about tax revenue and community impact.

Home prices in San Francisco have risen significantly due to low housing inventory and increased demand, particularly driven by the influx of tech and AI workers. The median home price reached $1.7 million, with condominiums also seeing price increases. Inventory is at a four-year low, with fewer new listings and a shortage of high-end homes. This trend is expected to continue as demand outpaces supply, pushing prices higher throughout 2026.

The article discusses the potential real estate purchases by billionaire tech figures like Mark Zuckerberg, Jeff Bezos, Larry Page, and Sergey Brin on Indian Creek Island in Miami, Florida. It highlights the trend of wealthy individuals relocating to Florida, partly due to tax considerations in California. Several high-value estates on Indian Creek Island are mentioned, including off-market deals and properties listed for prices ranging from $175 million to $275 million. The Miami real estate market is portrayed as benefiting from significant wealth migration, especially among tech billionaires.

Several retail properties in the Denver metro area, Colorado, have recently changed ownership, including Leetsdale Marketplace, The Shops at Greenwood Village, Denver Pavilions, and Tower Pavilion retail center. These transactions involve various buyers and sellers, with plans for capital upgrades and development. The properties range in size and include shopping centers and outdoor malls, highlighting active investment and redevelopment in the retail sector in Denver.

Zillow reported its first profitable year in over a decade with 16% revenue growth and $23 million net income, but its stock fell due to concerns over ongoing legal challenges and lower-than-expected first quarter 2026 estimates. The company faces multiple lawsuits related to its rental and mortgage businesses and a dispute with Compass over private listings. Despite these challenges, Zillow aims to expand margins throughout 2026, though the housing market is expected to remain flat. Other residential real estate stocks also declined amid these developments.

A luxury waterfront home in Marin County, California, located at 445 Belvedere Avenue on Belvedere Island, has undergone a significant price reduction from over $30 million to nearly $22.9 million amid a competitive luxury home market in the San Francisco Bay area. The 8,100-square-foot, four-bedroom property, built in 2020 and featuring high-end amenities, has been on the market for years with the owner also acquiring adjacent parcels. Nearby, other high-value properties have recently sold, highlighting strong demand in the region.

Jonathan Miller is ending his 32-year partnership with Douglas Elliman, where he authored influential housing market reports covering major U.S. markets. The reports provided detailed housing data and narratives for diverse audiences, including real estate professionals and government officials. Douglas Elliman plans to launch a new data report program to continue supporting informed real estate decisions. Miller will focus on his new housing data venture, StreetMatrix, which offers neighborhood-level housing indexes starting with California and its major markets, providing detailed market performance metrics beyond city-wide data.

The article discusses President Donald Trump's executive order banning large institutional investors from buying more single-family homes, while exempting build-to-rent (BTR) projects. This carve-out has encouraged BTR developers to continue and expand projects, with new developments underway in states like Florida, North Carolina, and Colorado. The order aims to curb private equity purchases of existing single-family rentals, which critics say inflate housing costs, but supports new construction of rental communities. The impact on homebuilders and single-family rental operations is uncertain, with potential effects on housing supply and prices.

Developers of Colony Ridge, a large master-planned community north of Houston, Texas, have agreed to pay $68 million and halt new residential development for three years following a federal lawsuit alleging predatory lending and deceptive practices targeting Hispanic buyers. The settlement includes infrastructure investments, increased law enforcement funding, borrower protections, and efforts to address credit harm. The case has been politically contentious in Texas, impacting the local housing market and land development in Liberty County.

Developers of Colony Ridge, a large residential community north of Houston, Texas, settled a $68 million lawsuit with the U.S. Department of Justice over allegations of predatory lending and discriminatory practices targeting mainly Spanish-speaking borrowers. The settlement includes investments in infrastructure, increased law enforcement presence, and new underwriting standards to prevent foreclosures and promote sustainable homeownership. The developers agreed to halt new residential sales for three years and improve transparency about property conditions, addressing long-standing complaints about flooding and deceptive practices.

Austin experienced the largest year-over-year decline in average apartment rents among major U.S. cities in January, dropping 4.8% due to market saturation following a multifamily construction boom. Other Texas cities including San Antonio, Fort Worth, Dallas, and Houston also saw rent decreases, though demand remains strong with high absorption rates suggesting rents may stabilize or increase by the end of the year.

A 151-acre horse farm estate in Kane County, Illinois, northwest of Aurora, sold for $5.75 million, marking the highest recorded home sale price in the county. The property includes a six-bedroom Prairie Style main house, guest house, pool, barn, riding arenas, and a helicopter pad. The estate was listed for over two years, initially priced at $7.4 million, and was sold as a single offering. The sale surpasses previous high sales in the area, reflecting a significant real estate transaction in the region.

Acadia Realty Trust has expanded its retail property portfolio in New York City by acquiring four storefronts on Madison Avenue in Manhattan's Upper East Side from Naftali Group for $20.7 million. The deal includes retail units in luxury residential buildings and continues Acadia's aggressive retail acquisitions across NYC, including properties in Queens and Williamsburg, Brooklyn, with recent purchases totaling hundreds of millions of dollars.

The article reports on the quick pending sale of a luxury home in Manhattan Beach, California, formerly owned by hockey player Phillip Danault. The five-bedroom, five-bathroom property, listed at $8.5 million, features ocean views and upscale amenities. It also highlights another high-value Beverly Hills home listed at $21 million, emphasizing the luxury residential market activity in Los Angeles County, with a total of 19 homes going into contract last week.

Granite Properties' 23Springs, a 26-story Class AA office building in Uptown Dallas, Texas, is now 74% leased with new tenants including UBS Group AG and Stonelake Capital Partners. UBS will occupy the entire 20th floor, moving about 170 employees into 26,000 square feet, while Stonelake Capital Partners leased 16,000 square feet on the ninth floor. A confidential tenant also signed for 22,099 square feet on the 10th floor. The building, which broke ground in 2012 and received a $265 million construction loan, continues to attract demand despite a challenging office market. Retail tenants like Little Ruby’s restaurant have also opened on site.

Several school districts in the Dallas-Fort Worth area, including Grapevine-Colleyville ISD, Plano ISD, Richardson ISD, Carroll ISD, and Grand Prairie ISD, have closed or plan to close multiple schools due to declining enrollment and budget constraints. These closures free up large tracts of land in established cities, presenting redevelopment opportunities primarily for multifamily and workforce housing projects, as well as mixed-use developments in select locations. Districts are considering selling, repurposing, or leasing these properties, with some focusing on historic preservation or financial sustainability. The trend reflects broader challenges in older suburbs and the need for affordable housing near employment centers.