LCOR secured a $192.5 million construction loan from Natixis to develop a 42-story multifamily tower at 1775 Biscayne Boulevard in Miami, Florida. The project will include 544 apartments, extensive amenity space, a 449-spot parking garage, and ground-floor retail. This marks LCOR's first development in South Florida, a highly competitive rental market with high occupancy rates.

Five new office leases totaling 19,191 square feet were signed at 39 West 37th Street in Midtown Manhattan, New York City. Tenants include CRC Insurance Group, Playpacked, Leading Edge Administrators, Fradkin & McAlpin Architects, and Ember Realty. The building, acquired by Blake Partners for $26.5 million, is undergoing capital improvements to the lobby, facade, and building systems. The leases reflect strong demand for office space in this location near Bryant Park.

The Walden Group, a New Jersey-based real estate investment firm, acquired three golf courses in the Phoenix, Arizona area for $57 million, expanding its portfolio of golf properties nationwide. The courses include Dove Valley Ranch Golf Club, Power Ranch Golf Club, and Longbow Golf Club. The seller, Thompson Golf Group, will continue to operate the courses under a multiyear agreement. This acquisition is part of Walden Group's broader investment strategy, which also includes multifamily assets, and reflects growing investor interest in Arizona's golf courses.

The June jobs report from the U.S. Bureau of Labor Statistics revealed a decline in jobs within the hospitality and leisure sectors, contrary to expectations of growth due to the upcoming 2026 World Cup. Hotel bookings in the New York area underperformed, with revenues at about half of initial estimates. Despite a high hotel occupancy rate in June attributed to the New York Knicks' success, overall hiring in hospitality and leisure saw its largest drop since 2020. The strongest job growth was in health care and social assistance, while overall labor force participation and employment-population ratios slightly decreased. The unemployment rate remained steady at 4.2%.

David Motovich, a convicted fraudster sentenced to 15 years for a check-cashing scheme, faces an additional federal charge for allegedly allowing inmates, including Oren Alexander, to use his illegal cellphone at a Brooklyn jail. The Alexanders, convicted on multiple sex trafficking charges, have been held at the Metropolitan Detention Center since January 2025. Despite evidence of illegal phone use, the Alexanders have not been charged with possessing contraband. Their sentencing is scheduled for October, with appeals planned.

The article discusses a surge in home flipping activity in Hong Kong's residential market following the removal of a tax on properties sold within two years. This policy change has led to increased sales and rising home prices, with many investors profiting from quick resales, particularly in new residential developments. Despite the recent increase, current flipping activity remains below historical peaks seen in previous decades.

The newly rebranded charter revision commission in New York City is focusing on streamlining construction permitting and procurement processes to expedite housing and infrastructure projects. The commission proposes a centralized permitting system to reduce delays caused by multiple agencies and is considering reforms to procurement to cut paperwork and speed approvals. These efforts build on previous successful ballot measures that accelerated affordable housing development and land use reviews. The commission also faces legal and political challenges related to proposed open primary amendments for the November ballot.

Rechler Equity Partners secured a $75 million development loan from AllianceBernstein to expand the Rechler Business District, an industrial business park in Medford, New York. The property includes a fully leased logistics facility, leased industrial outdoor storage space, and additional land for development. The project benefits from strong industrial market fundamentals and low vacancy rates in the Long Island area.

Granaio LLC, a Miami-based company owned by Joshua Bruno, filed for Chapter 11 bankruptcy to halt the City of New Orleans' demolition of the DeGaulle Manor affordable housing complex, which the city claims is blighted and a public safety hazard. The company alleges the city violated a consent judgment and proceeded with demolition despite the bankruptcy stay. Granaio planned to redevelop the site into a mixed-income community with affordable housing and retail space. The city secured $3 million from its short-term rental fund for demolition and intends to seek reimbursement from Granaio. Bruno has faced legal and tenant-related issues with other properties in New Orleans.

A 48-unit condominium complex in Valley Village, California, was sold back to its original developer, highlighting ongoing demand for flexible multifamily assets in the San Fernando Valley. The property, completed in 2012 and now owned by Balaciano Group, offers potential for conversion to rentals amid a declining Southern California condo market and resilient single-family home prices. Despite flat rent growth and outmigration, multifamily investment activity in the Los Angeles area has increased by 25% year-over-year, with apartment vacancy at 5% and average rent rising slightly.

MetLife, through an affiliate, took ownership of two units at The Royale luxury condo complex on the Upper East Side of New York City via a deed in lieu of foreclosure. The units include a commercial condominium retail space anchored by grocery and other tenants, and a parking garage, valued at $44.1 million. Despite the foreclosure, the residential portion of the building remains unaffected. The article also highlights the strong market for grocery-anchored retail properties, with major investment groups acquiring large portfolios of such centers.

CSN Realty Corp. is pursuing a $3 million judgment against developers Roy Moussaieff and Yousef Althkefat related to a failed mixed-use development project at 2252 Third Avenue in East Harlem, New York. The developers planned a 20-story building with residential units and retail space but failed to close the property sale by the deadline, leading to contract termination. CSN alleges the developers used a shell entity to evade liability, and a New York appellate court reinstated the lawsuit allowing it to proceed to discovery. The defendants deny the allegations and seek depositions in the ongoing litigation.

The article discusses the challenges faced by tenants and landlords in Mitchell-Lama housing in New York, particularly at the Tracey Towers complex in the Bronx. It highlights the rising rents and maintenance costs due to deferred upkeep and expiring subsidies, contrasting this with rent-stabilized housing where rent increases are more controlled. The piece emphasizes the unsustainability of current models and the financial burdens that eventually fall on tenants or landlords, illustrating the complexities of affordable housing programs and rent regulation.

Codina Partners is collaborating with Mumbai-based MICL Global to develop a Marriott-branded Tribute boutique hotel in Downtown Doral, Florida. The eight-story hotel will feature 168 rooms and commercial space, with guests using nearby parking garages. This project is part of the larger 250-acre mixed-use Downtown Doral development, which includes residential units, office space, retail, and medical facilities. Codina also has other projects in Miami, including industrial complexes and a logistics park, while MICL Global is co-developing a Ritz-Carlton condo project in Fort Lauderdale.

The article reports on the Manhattan real estate market, highlighting rising prices and shrinking inventory across co-op, condo, and townhouse segments. Median sales prices reached record highs, driven by limited supply and a shift toward higher-end sales, despite a decline in overall sales volume. New development inventory has sharply decreased, and luxury market listings are at a 22-year low. The townhouse market saw significant price increases partly due to larger average sale sizes. Rising mortgage rates and carrying costs are impacting affordability, especially for entry and mid-tier buyers, while the market remains supply-constrained and stable overall.

The article reports on record-setting residential home sales in various Florida locations including Palm Beach, Miami Beach, Jupiter Inlet, and Lighthouse Point. These high-value transactions involve large luxury homes with multiple bedrooms and baths, highlighting significant activity in the residential real estate market in Florida.

The Bronx neighborhood of Morrisania is set to receive 229 affordable senior housing units through the Sol on Park project, including 80 units for NYCHA residents. The $214 million development, supported by public-private partnerships and federal programs, aims to provide supportive housing, social services, and career training, with construction starting soon and move-in targeted for early 2029. The project is part of New York City's broader affordable housing efforts, which include various initiatives and legal challenges related to public housing redevelopment and energy regulations.

Chicago City Council is considering the Protecting Renters Ordinance, which proposes expanded tenant protections including just cause eviction requirements, rental fee caps, and a citywide rental registry. Landlord groups argue these measures could worsen the housing supply shortage and increase rents, while proponents say the ordinance will protect renters from displacement and predatory practices. The debate is ongoing, with some real estate policies by Mayor Brandon Johnson receiving industry support, but the tenant protections remain controversial and have not yet advanced to a full city council vote.

In New York City, multiple high-value real estate transactions occurred, including a $28 million office building purchase in the Flatiron District, retail and office property sales in Jamaica totaling $17.3 million, and several residential sales such as a $10.2 million penthouse in Soho, a $9.5 million townhouse in Park Slope, a $7.5 million condo on the Upper West Side, and a $7.5 million townhouse in Carroll Gardens. The report also notes that home sellers in NYC's outer boroughs saw profits in 2025, while Manhattan sellers did not, with a median resale gain of $70,000 citywide.

The article covers a legal dispute in a Chicago federal court involving Zillow, Midwest Real Estate Data (MRED), and Compass over access to real estate listing data. MRED cut off Zillow's feed of about 43,000 Chicago-area listings after Zillow refused to display certain private Compass listings. Zillow argues that MRED and Compass are colluding to restrict market access and harm consumers, while MRED claims Zillow violates MLS rules by discriminating against brokers. The case highlights tensions over private listing networks and data control in the real estate market, with further testimony expected before a ruling.

The New York City office market experienced a historic surge in leasing activity in the first half of the year, with 22.8 million square feet leased, marking the busiest period since 2000. Demand is driven by law firms and AI companies, leading to reduced availability and rising rents, especially in Midtown and Midtown South. Office space conversions are further tightening supply and increasing demand for remaining offices, resulting in higher asking rents and landlords regaining leverage after years of concessions.

President Donald Trump earned $2.2 billion in 2025, largely from cryptocurrency ventures and his real estate holdings managed by the Trump Organization, which include residential towers, golf courses, and hotels such as Mar-a-Lago. His real estate portfolio generated $575 million, with significant revenue from hospitality, residential, retail, and storage sectors. Trump also holds extensive stock investments in major companies and real estate firms, including those involved in private prisons and detention facilities. The disclosures highlight his diverse investments across multiple asset types and companies.

The article discusses New York's legal and infrastructural challenges related to electrifying buildings, including a recent court ruling supporting the state's All-Electric Buildings Act and the potential for a Supreme Court appeal. It highlights the strain on New York's power grid due to an extreme heat wave driving high electricity demand, risking outages that could affect building services. Additionally, New York City has temporarily suspended evictions during the heat wave to protect residents' health and safety. The article also touches on related housing policy issues and legislative efforts in New York.

The Los Angeles City Council voted to shelve a Measure ULA exemption for new multifamily construction, preventing it from appearing on the November ballot. Measure ULA imposes a transfer tax on property purchases over certain thresholds to fund affordable housing, but it faces ongoing challenges and calls for reform due to concerns from housing builders and impacts on property transactions. The council approved a five-year exemption for Palisades fire survivors and a tax credit program reducing ULA rates for residential projects with affordable housing using prevailing wage labor. The debate highlights tensions between funding affordable housing and maintaining healthy real estate market activity.

Wong Logan Architects is advancing plans for a six-story, 20-unit multifamily infill project called Trigona in San Francisco's Mission District, including affordable housing and retail space. The project is part of a broader effort to meet housing demand driven by the tech sector, with other large multifamily developments underway or planned nearby. Despite over 20,000 approved units, construction is delayed due to rising costs and material shortages. San Francisco is mandated to approve over 82,000 new housing units by 2030 to address housing needs.

The article discusses the growing influence of South Korean culture, particularly its longevity-focused wellness practices, on U.S. apartment building amenities. Developers and architects are incorporating holistic wellness features such as hot-cold plunge pools, saunas, sensory showers, mindfulness rooms, and biophilic design into residential and mixed-use properties to attract health-conscious renters. Examples include luxury condos and large apartment buildings in New York City that offer advanced wellness amenities and services, reflecting a broader trend toward integrating health and wellness into real estate development.

Massachusetts' Supreme Judicial Court blocked a statewide rent control ballot measure, which had caused a significant slowdown in multifamily real estate investment and development due to concerns over restrictive rent caps. The ruling has renewed investor confidence and increased deal activity in the multifamily sector, although uncertainty remains about future rent control efforts. Industry groups had opposed the measure, citing potential negative impacts on property values and housing development. A compromise proposal allowing local rent caps with more flexible limits was also discussed, signaling ongoing efforts to address housing affordability in the state.

Stripe is expanding its office space in Chicago's River North by over 130,000 square feet, leasing more than 222,000 square feet at 350 North Orleans Street, which more than doubles its previous lease. The building, currently about 60% occupied, is being marketed for sale at a significantly reduced price compared to its 2015 purchase price. The office market in downtown Chicago is seeing price drops and a trend toward renovating office spaces or adding residential and retail components to attract tenants amid changing work patterns.

Developer Moishe Mana expanded his property holdings in the Allapattah neighborhood of Miami, Florida, by acquiring a 2.5-acre assemblage for $21.8 million, with plans currently focused on using the land for parking. Mana has been actively purchasing land in the area for years and is also involved in nearby Wynwood, where he owns significant acreage and convention center property. The city of Miami is working on a revitalization plan for Allapattah, emphasizing infrastructure improvements and affordable housing, attracting multiple developers to the area.

Prologis has acquired a 14.2-acre vacant site in San Jose, California, previously intended for light industrial development, for $14 million. The company, a major industrial real estate owner in Silicon Valley, also owns several other industrial and logistics properties in the area and recently made a record warehouse portfolio purchase in Brisbane. Additionally, Prologis is exploring redevelopment opportunities in San Francisco's South of Market neighborhood, proposing a mixed-use project with homes, office, retail, and potentially a hotel on the Caltrain railyards site.

The Los Angeles office market showed signs of recovery in the second quarter with nearly 4 million square feet of office leases signed, marking increases over previous quarters and years. The market improvement is driven mainly by renewals and relocations rather than new demand, with sublease space declining steadily. Average asking rents saw slight growth year-over-year, though landlords continue to offer concessions. Investment sales, including Capital Group's acquisition of Bank of America Plaza, may further stimulate leasing activity.

Horvath & Tremblay, a Boston-based investment sales firm, has expanded its Northeast presence by acquiring Philadelphia-based SCOPE Commercial Real Estate Services. This acquisition enhances Horvath & Tremblay's footprint in the Mid-Atlantic region, including Pennsylvania, South Jersey, and Delaware, and adds a dedicated Philadelphia office. SCOPE specializes in middle-market multifamily, mixed-use, and development deals, aligning with Horvath & Tremblay's focus on multifamily, retail, and industrial properties. The move is part of a broader trend of consolidation in commercial brokerage to expand geographic reach and diversify services.

A Detroit-based law firm, Honigman, is expanding its office space in Washington, D.C., signing a lease for 23,000 square feet at 1999 K St. NW, nearly doubling its current footprint. This expansion reflects a broader trend of law firms driving leasing activity and new development in the city, with law firms accounting for 33% of leasing activity in early 2026. The demand for trophy office space is pushing rents to record highs and prompting new construction and renovations amid limited availability. The property at 1999 K St. NW is owned by Deka Immobilien GmbH and is anchored by another law firm, Mayer Brown.

William Duker, a former attorney and investor who served prison time for government fraud, is selling two luxury penthouses for a combined $138 million. One penthouse is a three-story unit in Miami's Apogee complex listed at $78 million, featuring extensive indoor and outdoor living spaces. The other is a 7,500-square-foot penthouse in New York City's Tribeca listed at $59.5 million. Duker has a history of legal issues but later co-founded a successful electronic discovery company and owns multiple properties and a superyacht.

Stripe is expanding its office space in Chicago's River North area by more than 130,000 square feet, increasing its total leased space at 350 N. Orleans St. to over 222,000 square feet. This expansion will allow Stripe to hire more employees despite a high office vacancy rate of 26.7% in downtown Chicago, driven by tenant downsizing and vacancies in older buildings. The building's office portion is also reportedly up for sale amid financial challenges faced by its current owners.

San Antonio real estate broker Jorge Herrero faces multiple legal issues including indictments for bank fraud and identity theft related to a $2.12 million loan for an office property purchase in Grand Prairie, Texas. Herrero allegedly misled lenders about lease renewals and failed to repay loans, resulting in lawsuits and default judgments totaling millions. Additional accusations include negligence, breach of contract, and falsifying documents in other office building deals. His coffee shop chain also lost flagship properties in a foreclosure sale. The legal troubles span multiple court cases in Texas and involve various investors and banks.

Starwood Capital Group raised $10.2 billion for its latest commercial property fund, focusing heavily on data centers, with over a third of the capital allocated to this sector. The fund also targets rental housing investments, particularly in Sun Belt locations with emerging rent growth, avoiding highly regulated markets like New York. Notable investments include stakes in Echelon Data Centers, land in Texas for residential development, and data center developments in Virginia. The firm is also managing liquidity challenges by reducing distributions and suspending redemptions in its real estate income trust.

Kylie Jenner has reduced the listing price of her Holmby Hills mansion in Los Angeles from $48 million to $38.5 million, still potentially yielding a profit from her 2020 purchase. The property features multiple buildings and luxury amenities. Jenner is also selling her Hidden Hills home, listed just under $18 million after renovations, while she appears to be consolidating her living space into a newly built 18,000-square-foot estate on a large plot of land in Hidden Hills. Both properties are located in California.

A federal judge in Rhode Island ruled against the federal government's proposed changes to the Department of Housing and Urban Development's funding approach for homelessness programs, specifically the Continuum of Care program. The judge found that the government failed to consider the impact on providers and homeless individuals, blocking a shift from permanent housing funding to temporary transitional housing and work requirements. The ruling is a temporary victory for states and organizations opposing the changes, but does not permanently prevent future attempts to implement them.

A federal judge ruled that the Department of Housing and Urban Development (HUD) violated federal law by changing the Continuum of Care program, which funds housing for homeless individuals. The changes would have shifted funding from permanent housing to temporary housing with work requirements and imposed limits on permanent housing support, affecting 170,000 people. The ruling blocked these changes, allowing HUD to appeal. The dispute involved 20 states led by New York, focusing on preserving funding for permanent housing over temporary solutions.

San Francisco's office market is experiencing a significant recovery driven by artificial intelligence companies, which have contributed to the largest year-over-year vacancy rate decline among major U.S. cities. Office vacancy dropped from 34.7% to 29.7% in one year, with AI firms accounting for 30% of leasing activity and over 75% of net absorption. Major leases by companies like Assort Health, Mercor, and Anthropic, along with renewals by Ripple and PwC, have boosted demand and rental rates. The market is seeing record tenant interest and increased investment sales activity, with office sales expected to approach $5 billion in 2024.

A 12-story mixed-use building located at 118 West 22nd Street in Manhattan's Flatiron District was sold by Adlie Associates to Zar Property NY for $28 million, with financing from Filler Capital. The building, managed by GFP Real Estate, includes retail tenants such as NY Cake and office tenants like Walter B. Melvin Architects and Kleinfeld Bridal Boutique. The property, built in 1911 and designed by Frederick Zobel, spans 100,000 square feet and is situated between Seventh Avenue and Avenue of the Americas in New York City.

A renovated mansion named Shagbark in Mettawa, Illinois, is listed for just under $9 million, making it the second highest asking price in Lake County. The 11,000-square-foot home sits on 11 acres, featuring six bedrooms, multiple bathrooms, luxury amenities, and extensive renovations. The property includes irrigated grounds and native prairie, with a unique financial structure in the village offering real estate tax rebates to residents.

Jared Solomon, convicted of stealing over $9.5 million from Vornado Realty Trust, is currently detained at the Metropolitan Detention Center in Brooklyn awaiting sentencing. His attorney claims Solomon has suffered physical and mental decline due to poor conditions, while prosecutors argue he has violated prison rules and cannot be trusted for release. The judge has yet to decide on his bail application.

The Los Angeles City Council approved the $2 billion Fourth & Central mixed-use development project on the eastern edge of downtown Los Angeles, replacing the Los Angeles Cold Storage facility with a 10-building complex featuring 1,589 apartments (including 262 affordable units), office space, retail and restaurant areas, public open space, and parking. The project overcame a lengthy entitlement process, community appeals, and redesigns, and has broad support from local organizations. Completion timeline remains unannounced amid rising construction costs.

Klyde Warren Park in Dallas, Texas, is expanding by nearly two acres, adding green space and a new two-story event and retail building. The park has significantly increased real estate value and tax revenue in the surrounding Arts District and Uptown areas. While Downtown Dallas faces challenges with retail and corporate departures, Uptown is thriving with new financial tenants and residential developments, including a revived mixed-use high-rise project.

The New York City Housing Authority (NYCHA) experienced a paperwork backlog that led to erroneous termination of Section 8 subsidies for residents in its PACT program, causing hundreds of tenants to face eviction proceedings despite paying their subsidized rents. The issue primarily affected developments in East New York, where private managers billed tenants full market rents due to unprocessed income recertifications. NYCHA has acknowledged the errors, resolved the backlog, and plans to erase the incorrect rent arrears, highlighting challenges in its public housing management strategy involving private operators.

Manhattan's office market is experiencing significant growth with average asking rents reaching $78.03 per square foot in Q2, the highest since July 2020. The availability rate has decreased to 13%, marking continued market tightening. Leasing activity remains strong with 11 million square feet leased in Q2 and a potential record-breaking year if trends continue. Major leases include Simpson Thacher & Bartlett, L’Oréal, and Cleary Gottlieb Steen & Hamilton, with AI companies notably increasing their space usage. Office investment sales are stabilizing with 15 transactions totaling $1.4 billion in the quarter.

A luxury mansion in Oak Brook, Illinois, is listed for nearly $7 million, setting a new record for home listings in the western Chicago suburb. The 12,221-square-foot, five-bedroom, 10-bathroom property is located in the Ginger Creek community and is notable for its high price compared to recent sales in the area. The home was last sold in 2011 for $4.25 million and is now back on the market after 15 years. Oak Brook has seen few luxury home sales above $5 million in recent years, with notable sales ranging from $4 million to $5.3 million.

A lawsuit filed by Edgewater Residents for Responsible Development against two Chicago city ordinances that upzone parts of the commercial corridor was dismissed by a Cook County judge. The ordinances allow for taller buildings and new uses such as gas stations and hotels, which residents argue are incompatible with the neighborhood. The judge ruled that zoning classifications are not constitutionally protected interests. The residents plan to appeal, emphasizing the need for more public input and local collaboration in development decisions.

RLTYco, a provider of agent services including healthcare and tax services, has expanded its commission advance offering by acquiring RealCommissions, an Atlanta-based firm serving major real estate brokerages. The acquisition aims to improve professionalism and user experience in the commission advance industry, which has been criticized for high fees and aggressive collections. RealCommissions will maintain its brand and staff, and RLTYco is open to further mergers and acquisitions to grow its product lines, including accounting, healthcare, and legal services for agents.

A new venture formed by Realty Income, Cloud Capital, and a global institutional investor aims to invest in hyperscale data centers, starting with three assets in Northern Virginia valued at over $6 billion. Realty Income plans to hold a 45% equity stake with a $1.4 billion investment over time, initially funding $700 million. The venture focuses on stabilized hyperscale data centers leased to investment-grade tenants with long-term triple-net leases, with plans to expand into Europe. Cloud Capital will hold a minority stake and provide property and development management services through its sister company CloudHQ.

Texas Governor Greg Abbott has proposed stricter regulations on data center developments, particularly calling for a ban on such projects in rural areas of Texas. This marks a shift from his previous support for data centers as part of economic diversification and AI infrastructure growth. Abbott advocates for requirements including contributions to the state power grid, closed-loop water systems, and removal of certain incentives. While county-level bans have faced legal challenges, the city of San Marcos is the first in Texas to attempt a city-level ban, drawing attention from other communities.

Kroger announced a $1.65 billion deal to acquire Pennsylvania-based grocery chain Giant Eagle, expanding its presence in several states including Ohio, Pennsylvania, West Virginia, Maryland, and Indiana. The acquisition includes cash and liabilities assumption, with regulatory approval expected by 2027. The deal follows Kroger's failed $25 billion merger with Albertsons, which was blocked due to antitrust concerns. Kroger and Giant Eagle may need to divest some stores to gain approval, and legal disputes with Albertsons continue.

South Florida is witnessing major redevelopment of several shopping malls across Miami-Dade, Broward, and Palm Beach counties into vibrant mixed-use districts. These projects include thousands of new apartments, hotels, offices, retail, and entertainment venues aimed at revitalizing aging retail centers facing declining foot traffic and vacancies. Notable redevelopments include Miami International Mall in Doral, The Shops at Sunset Place in South Miami, Bal Harbour Shops, The Galleria at Fort Lauderdale, Boynton Beach Mall, Town Center at Boca Raton, and The Mall at Wellington Green. These efforts reflect strong regional housing demand and attempts to adapt to changing consumer habits, though some projects face political, legal, and community opposition.

Starwood Capital Group raised $10.2 billion for its Starwood Distressed Opportunity Fund XIII, focusing on distressed real estate investments primarily in the U.S. and Europe. The fund plans to allocate up to 35% of its capital to data centers, with additional investments in residential, industrial, and hospitality sectors. The fund has already deployed $3 billion across 20 transactions, including investments in a Texas land portfolio for residential development and a Dublin-based data center company. Starwood aims to leverage market conditions and diversify across asset classes and geographies.

Donald Trump earned at least $2.2 billion last year, primarily from cryptocurrency ventures, with significant revenue also coming from real estate holdings including golf clubs and licensing deals internationally and in the U.S. His U.S.-based properties, such as golf clubs and Mar-a-Lago, generated substantial revenue, while international projects include hotels and office towers. Despite ethics concerns, the White House states there are no conflicts of interest in his business dealings.

The Crown Estate and Lendlease have launched a £24B UK joint venture called the Impact Partnership Joint Venture to oversee major urban regeneration projects including Euston, Silvertown, Stratford Cross, Smithfield Birmingham, and Thamesmead Waterfront. The partnership aims to deliver up to 27,500 homes and nearly 10 million square feet of commercial space, accelerating housing and commercial development while attracting investment. Construction and infrastructure work are planned to begin between 2023 and 2027, with a focus on affordable housing and complex urban regeneration.

Silver Creek Development secured $31.4 million in bridge debt from Obra Real Estate to refinance a single-tenant office complex in Gilbert, Arizona, leased to Northrop Grumman. The 120,294-square-foot office building, located in the Gilbert Spectrum Business Park near Phoenix, was acquired by Silver Creek in 2021 for $43.1 million. The transaction highlights strong demand for high-quality office assets with institutional tenants in a robust market for corporate investment and employment growth.

Grant Mackay Demolition Co. is demolishing several office buildings in Houston, Texas, including a five-story building at 5100 Westheimer Road and a four-story building at 5050 Westheimer, due to high office vacancy rates and the buildings becoming less valuable than the land they occupy. The owner of 5100 Westheimer chose demolition over maintenance as it is more cost-effective, especially after the pandemic reduced demand for office space. The land is being held until market conditions improve for a potential sale. Other demolition projects include a former Fluor office campus and a parking structure for a convention center renovation. The article highlights challenges in the Houston office market, including lender reluctance to take ownership of vacant buildings and the financial burdens of maintaining obsolete office properties.