The Aston Martin Residences condo association in Miami, Florida, has filed a lawsuit accusing developer Germán Coto and his associates of fraud, self-dealing, and financial misconduct involving millions of dollars. The lawsuit alleges that Coto used a network of related companies to overcharge for services, inflate invoices, and improperly lease a condo unit as a sales office, causing long-term financial harm to the association. The 66-story luxury condo tower was completed in April 2024, but the association claims missing amenities and unethical governance under Coto's control. Legal actions are ongoing as the association seeks over $5 million in damages.

Pacific Gas & Electric (PG&E) expanded its real estate holdings in the East Bay by acquiring a five-story office building and an adjacent parking garage in Pleasanton, California, for $21.8 million, significantly below assessed value. The purchase aims to provide adequate office space for PG&E employees supporting the Bay Area. This follows PG&E's recent $985.5 million acquisition of its Oakland headquarters complex, which includes office and retail buildings. Workday, the previous owner of the Pleasanton office, has been reducing its real estate footprint but intends to retain its headquarters site.

AT&T plans to relocate its global headquarters to the former Electronic Data Systems site in Plano, Texas, after the Plano Planning and Zoning Commission approved a rezoning request to allow commercial employment uses including offices, retail, research facilities, and light industrial activities. The move aims to consolidate AT&T's Dallas-Fort Worth administrative spaces into a purpose-built corporate campus by 2028. The site, controlled by NexPoint, previously had zoning approved for a life sciences and research campus, and future plans may include attracting life sciences firms to satellite buildings within the area.

Dallas has experienced a significant shift in its rental market, with large multifamily apartment units increasing their share of the rental inventory from 29.2% to 46.3% between 2014 and 2024, outpacing other major U.S. cities. This growth has led to a multifamily oversupply, resulting in higher vacancy rates and tenant-favorable conditions such as rent concessions. While multifamily and single-family home construction has slowed, built-to-rent developments are rising, although their long-term viability remains uncertain.

Investment firms are actively acquiring retail properties in Southern California, driven by strong fundamentals and limited new supply. Notable transactions include Asana Partners' $151 million purchase of Seacliff Village in Huntington Beach, a $332 million mall acquisition by a Pacific Retail Capital Partners-led JV, and Regency Centers' $357 million purchase of a retail portfolio in Rancho Mission Viejo. Additionally, local investor Dwight Manley acquired a 34-acre site in Brea for $140 million with plans for a mixed-use development anchored by Costco, supported by a city sales tax rebate incentive.

Eliot Spitzer's real estate firm has acquired several parcels near the Stamford train station in Connecticut for a planned apartment development, though details remain scarce. The lots have been vacant since pre-pandemic demolitions, offering development potential in a transit-oriented zone. Spitzer has a history of large projects, including a luxury condo in Manhattan and a significant rental tower sale. Stamford's rental market is strong with expected rent increases, supported by its transit and commercial corridors.

Extell Development, led by Gary Barnett, has acquired significant air rights in Manhattan, New York, including a $39.9 million deal for 135,146 square feet from the Metropolitan Club and a $36 million purchase over Saint Thomas Church. Extell is developing a 74-story skyscraper at 655 Madison Avenue featuring condo units, office space, and retail, with a flagship Chanel store planned. The project, supported by a $1.13 billion construction loan, is expected to complete in 2031. Extell also owns numerous commercial properties and residential units in New York City and is expanding its holdings further.

CGI Merchant Group is facing significant financial difficulties, leading to the loss of multiple properties in South Florida and Washington DC due to foreclosure and debt defaults. Key assets lost include the 550 Biltmore office building in Coral Gables, several hotels including Gabriel South Beach, Gabriel Downtown Miami, and the Waldorf Astoria Washington DC. The firm has also sold condominium units and a co-working office portfolio to manage debt. These troubles are attributed to rising interest rates, increased insurance costs, and higher maintenance expenses impacting refinancing and debt obligations.

A development team comprising Honore Properties and Peerless Development plans to build a 28-story, 340-unit rental apartment building in Chicago's Lincoln Park neighborhood, replacing an existing four-story office building. The $145 million project aims to address housing scarcity in the area by utilizing air rights from nearby properties to increase density. The building will feature amenities such as a fitness center, coworking space, and courtyard, with 20% of units designated as affordable housing. Construction is expected to begin in fall 2024 and complete by spring 2028, pending city approval.

Alphabet Incorporated, Google's parent company, is expanding its presence in Bengaluru, India, by leasing one office tower and securing options on two more in the Alembic City complex, totaling 2.4 million square feet. This expansion could more than double its Indian workforce to around 34,000 employees. The move reflects a broader trend of tech companies increasing hiring in India due to U.S. visa restrictions. Google has also recently opened its largest campus in Bengaluru, focusing on AI development.

The Learning Experience, a Florida-based early education and day care operator, is expanding with new locations in Southern California and the East Coast. They plan to open four new centers in San Bernardino and Riverside Counties, California, and eight new centers in Maryland and northern Virginia over the next two years. Each location will be approximately 10,000 square feet, serving up to 180 children. The company aims to add over 150 new locations in the next three years, growing its portfolio beyond 450 locations across 30 states and the U.K.

In December, significant loans were secured for multifamily properties in Brooklyn and Queens, New York, including a $486 million refinancing of a townhouse portfolio by Greenbrook Partners and Carlyle Group, a $405 million loan for Clipper Equity's 746-unit riverfront complex, and a $285 million bridge loan for Madison Realty Capital's 473-unit Greenpoint Central development. Additionally, Blackstone obtained a $269 million loan for a large multifamily and office complex in Forest Hills, and JEMB Realty secured $125 million for an office tower recapitalization in Downtown Brooklyn, which includes plans to convert part of the building into condos. These transactions highlight robust financing activity in the multifamily and office sectors in New York City.

JPS Health Network in Fort Worth, Texas, partnered with NRP Group to develop Thrive on Crawford, a 67-unit affordable multifamily housing project on land owned by JPS. The project, completed in January 2024, offers units at various income levels and was financed through tax credits and local funding. This initiative reflects a growing trend of health care institutions in Texas engaging in real estate development, including plans for a large multifamily project with Austin Independent School District and office property acquisitions for health care use.

San Antonio experienced the largest year-over-year decline in new home listings among major U.S. housing markets in December, with a 20 percent drop, reflecting a retreat by sellers amid a significant imbalance of sellers over buyers. This trend is mirrored in other Texas cities like Austin and Dallas, which also face high seller-buyer imbalances and longer selling timelines. Higher mortgage rates are a key factor limiting sales, although there was a slight increase in pending sales in December. The rental market is becoming more attractive, especially for first-time buyers and veterans sensitive to rate increases.

California is considering a proposed billionaire tax that would impose a one-time 5 percent tax on billionaires based on their net worth. While some billionaires are already leaving the state due to fears of the tax, experts believe the overall impact on the Bay Area's housing market and economy would be limited due to geographic and regulatory constraints, as well as continued demand from universities and other companies. The tax could reduce state revenue significantly if many wealthy residents depart, potentially affecting funding for social services including affordable housing.

Developer ZOM Living and private equity firm Ascentris secured a $92.3 million construction loan to redevelop an office building in Doral, Florida, into a seven-story multifamily residential building with 380 apartments and 789 parking spaces. The project, which includes affordable housing units under Florida's Live Local Act, is expected to be completed by late 2027. This redevelopment is part of a growing trend of office-to-residential conversions in South Florida.

The article discusses the rising rental vacancy rates in urban areas compared to suburbs, with urban rental vacancies at 7.6% and suburban at 6.9% in the fourth quarter. The South region has the highest rental vacancy rate at 9.1%, while the Northeast has the lowest at 5.2%. The homeowner vacancy rate remains relatively stable nationally, with the South having the highest homeowner vacancy rate at 1.5%. The data suggests a possible shift in rental demand from urban cores to suburban areas, particularly in Sun Belt cities, amid an oversupply of apartments.

Miss Circle, a New York-based women's fashion label, has expanded its footprint by 8,772 square feet at Industry City in Brooklyn, bringing its total leased space to 15,806 square feet. The expansion supports the brand's production, fulfillment, and content operations at the Sunset Park development, which is owned by multiple landlords. Industry City hosts a diverse tenant base including major office tenants like NYU Langone Health and the Brooklyn Nets, with over 6 million square feet of space leased to about 650 tenants as of early 2025.

Wells Fargo provided $190 million in floating-rate refinancing for two multifamily properties in Boston's South End, Ink Block and 7INK, totaling 495 residential units with retail space including a Whole Foods Market. The bank has also been involved in larger recent refinancing deals in Boston, including a $465 million mortgage for the Hub on Causeway retail and office complex and a $650 million refinancing of the One Congress Street office tower. These transactions highlight Wells Fargo's continued investment in Boston's multifamily, retail, and office real estate markets.

Cresa has appointed Ray Anderson as its new CEO, focusing on growth through acquisitions, recruiting, and technology investments. Anderson brings extensive experience in corporate transformation and mergers and acquisitions. The firm recently acquired Dallas-based Fischer, enhancing its portfolio management capabilities, and has made several strategic acquisitions and hires to expand its data center advisory platform and technology use, including AI and proprietary software. Anderson plans a listening tour and continued dealmaking to drive growth across Cresa's offices in the US and Canada.

Keller Williams has settled a $20 million lawsuit related to the Batton buyer-broker commission litigation, which accused the company and others of antitrust conspiracy inflating homebuyer prices. The litigation, ongoing for over five years, involves claims that homebuyers were overcharged and unable to negotiate agent compensation. Keller Williams aims to provide certainty for its franchisees and agents by resolving these cases, including a separate $70 million settlement in the Sitzer case. The National Association of Realtors continues to pursue litigation and other resolutions.

A Denver-based development company, Northstar Commercial Partners, and its CEO Brian Watson were found liable for securities fraud related to misleading investors in 11 real estate projects in Colorado. The SEC accused Watson of falsely claiming to invest his own money in these projects and raised about $50 million between 2017 and 2019. The case highlights ongoing efforts to protect investors from fraud. Additionally, Watson faced unrelated allegations involving Amazon and data center deals in Virginia, but no criminal charges were filed. The final punishment for Northstar and Watson is pending.

Coldwell Banker appointed Hannah Gorka as regional vice president for the Midwest, overseeing residential operations in Chicago, its western suburbs, and the Michiana region, as well as leading the Coldwell Banker Commercial division across the Midwest and Texas. This move follows the acquisition of Coldwell Banker Realty's parent company by Compass, aiming to integrate Compass' technology into Coldwell Banker's operations. Gorka brings experience from Cushman & Wakefield and residential brokerage, combining commercial and residential expertise. The article also notes other leadership changes within Coldwell Banker in the Chicagoland area, highlighting the company's significant presence with about 3,500 agents and strong transaction volume in Cook County.

Starwood Capital Group appointed John Gonnella as senior managing director and head of U.S. asset management, overseeing its extensive real estate portfolio valued at over $125 billion in assets under management. The firm manages diverse property sectors through various affiliates, including Starwood Property Trust, the largest commercial mortgage REIT in the U.S., and recently acquired a $2.2 billion net lease portfolio. Gonnella brings significant experience from Centerbridge Partners and other major real estate firms, aiming to enhance value across Starwood's asset classes and geographies.

In Boyle Heights, Los Angeles, property owner Will Tiao plans to demolish a building with three rent-controlled units to construct a six-story residential building with 50 units and ground-floor retail. Despite tenant opposition and legal challenges, the city approved the project, which includes affordable housing units. The current tenants face eviction with relocation assistance offered. The development aims to address housing shortages and revitalize the area but raises concerns about displacement and cultural impacts.

A 22-story, 1.4 million-square-foot office building at 175 West Jackson Boulevard in Downtown Chicago was sold for $41 million, significantly below its previous $306 million purchase price. The buyers, a joint venture between 601W Companies and David Werner Real Estate Investments, secured $58.5 million in acquisition debt to finance the purchase and lease-up. The building, designed by Daniel H. Burnham and located near Chicago's Ogilvie Transportation Center, had faced financial difficulties including a foreclosure lawsuit and low occupancy. The acquisition aligns with David Werner's strategy of acquiring high-quality office assets in strong locations at reset prices.

A former hospital site in Brooklyn's Cobble Hill neighborhood, known as the Long Island College Hospital (LICH), is set to be sold for $100 million to Rockrose Development. The site has been vacant for over 10 years following the hospital's closure in 2014 and several failed redevelopment attempts. Rockrose also recently acquired a nearby lot, hinting at plans for residential development, though no official building plans have been filed yet.

BH Properties plans to transform the former Holy Names University campus in east Oakland, California, into a residential development featuring 165 single-family homes. The project will preserve about half of the 60-acre site as open space and retain key historic structures for community use. This redevelopment follows the university's closure and unsuccessful attempts to attract another educational institution to the site. The proposal is subject to city approval and community engagement.

A borrower linked to Hilson Management and the Schwalbe family is contesting Maverick Real Estate Partners' attempt to foreclose on the Gorham Building at 390 Fifth Avenue after a disputed loan extension process involving fees and interest shortfalls. The borrower alleges Maverick engaged in unfair tactics by changing extension fee demands and initiating a cash sweep without declaring default, leading to a court order halting foreclosure. The dispute centers on a $41 million loan with claims of damages reaching $50 million.

A joint venture between World Wide Group and Rabina secured a $160.2 million loan to refinance a 421-unit multifamily tower in Long Island City, Queens, New York. The property, developed in 2015, benefits from a tax abatement under the former 421a program and includes various apartment types and ground-floor retail space. The financing aims to support the sponsors' long-term strategy by leveraging the asset's stability, cash flow, and location. The transaction was arranged by JLL with KKR originating the loan.

Dina Levy, the new commissioner of New York City's Department of Housing Preservation and Development (HPD), is focused on preserving and expanding affordable housing amid rising expenses and fragile housing stock. HPD aims to support both subsidized and market-rate properties through enforcement, financing, and partnerships with nonprofit and for-profit developers. The agency is cautious about property seizures but uses programs like 7a and third-party transfers to manage distressed buildings. Levy emphasizes improving construction efficiency, enforcement coordination, and addressing landlord struggles with rising costs. The city is closely monitoring portfolios at risk of foreclosure or bankruptcy to ensure responsible ownership and tenant protections.

Austin is seeing major new development approvals for two distinct projects: near the University of Texas, two high-rise towers are planned including a hotel with condos and apartments with retail space, while in South Austin's St. Elmo Arts District, an eight-building mixed-use project with retail, restaurant, office space, and a parking garage has been approved. These developments reflect ongoing changes in Austin's real estate landscape despite current office vacancy challenges.

Northern Virginia has seen significant increases in property sale prices across various asset classes, including office campuses, multifamily apartments, and land for data center development. STORE Capital recently purchased a three-building office campus in Tysons, Virginia, for $103 million, far exceeding previous values. Multifamily properties and data center land parcels have also commanded high prices, reflecting strong demand in the region's real estate market.

Brookfield Asset Management is acquiring Peakstone Realty Trust, an industrial-focused REIT, in a $1.2 billion all-cash deal. The acquisition includes a 76-property industrial portfolio with a focus on industrial outdoor storage and traditional industrial assets. This move follows Peakstone's recent exit from the office sector and represents a long-term investment in warehouse and industrial outdoor storage fundamentals. The deal is expected to close by the end of the second quarter, pending approvals, and will result in Peakstone being delisted from the New York Stock Exchange and integrated into Brookfield's real estate platform.

Eataly, the Italian food hall chain, has opened a 6,879-square-foot location at Terminal 8 of John F. Kennedy International Airport in Queens, New York, with a 12-year lease at $250 per square foot. The space includes a full-service restaurant and a wine bar/retail marketplace, with two more Eataly restaurants planned at other JFK terminals. This development is part of JFK's ongoing $19 billion modernization project aimed at enhancing the passenger experience with globally recognized dining options.

Billionaires Steve Ross and Ken Griffin have invested heavily in South Florida, promoting its economic advantages through the "Ambition Accelerated" campaign to attract business leaders. Griffin is developing a $1 billion-plus office headquarters in Miami's Brickell district and investing in residential properties and a megayacht marina. Ross is focusing on West Palm Beach with office developments, a proposed convention center hotel, condo buyouts, and a university campus. Their efforts highlight South Florida's appeal as a business and residential hub with favorable tax and regulatory conditions.

DoorList, a college student social event app, is relocating to a new 3,062-square-foot office space at 322 Eighth Avenue in Manhattan's Chelsea neighborhood, New York. The company signed a three-year lease and will move in after buildout completion. The building, constructed in 1925, is a 21-story office property housing various tenants including nonprofits and law firms.

The article details the ongoing trial of the Alexander brothers, accused of sex trafficking and sexual assault, including testimony from victims describing drug-facilitated rape and exploitation. The case involves evidence such as videos and witness accounts, with incidents occurring during events like a trip to the Hamptons. The brothers deny the allegations, and the trial includes discussions about potential jury bias and connections to other high-profile cases.

A major office building in downtown Chicago at 175 West Jackson Boulevard was sold for $41 million, a significant discount from its 2018 purchase price of $306 million. The buyers, David Werner Real Estate and 601W Companies, financed the acquisition with a $58.5 million loan from Northwind Group. The sale follows foreclosure and financial difficulties for the previous owner, Brookfield Asset Management, and reflects a broader trend of distressed office property acquisitions in Chicago's Loop area by 601W. The building is partially leased and includes notable tenants such as Enova International and Wolverine Trading.

Los Angeles County saw a rebound in luxury home contract activity with 22 homes going into contract totaling $150.4 million in asking volume for the week ending February 1. The top contracts included a newly built $20 million spec home in Pacific Palisades and a $13.8 million residence in Beverly Hills' Trousdale Estates. Both properties feature high-end amenities and were listed by Douglas Elliman agents. Despite the increase, contract volume remains below last year's figures.

Cresa, a commercial real estate advisory firm, has appointed Ray Anderson as its new CEO, succeeding Tod Lickerman. Anderson brings 20 years of experience in strategic consulting, performance improvement, and mergers and acquisitions, and will lead Cresa's expansion into new markets and services. The firm aims to grow by recruiting and acquiring companies but has not specified the targeted markets or property types.

Proprium Capital Partners has expanded its European real estate presence by acquiring the real estate team from BC Partners, adding approximately £730 million to its assets under management and increasing its total AUM to over £3 billion. The deal enhances Proprium's capabilities in residential, student accommodation, hospitality, and logistics sectors, with key personnel transfers and leadership appointments. This move aligns with L&G's strategy to grow its private markets platform and strengthen its position in international real estate.

Victor Sigoura's Legion Investment Group and partners secured $191.1 million in construction financing for a 34-unit luxury condo project at 11 West 13th Street in Greenwich Village, Manhattan. The development will include residential units, parking, storage, and retail storefronts, with sales expected to begin in summer and opening planned for next year. Legion is also working on other condo projects in Manhattan, including a 23-story, 83-unit building in West Chelsea and a 26-unit project on Madison Avenue, highlighting the firm's active presence in New York City's luxury condo market.

Los Angeles Mayor Karen Bass delivered her State of the City address at the Expo Center, focusing on major upcoming events and the ongoing challenges related to real estate taxes and rebuilding efforts after the Palisades Fire. The address touched on the controversial Measure ULA property-transfer tax and the lack of clear stance on proposed tax carveouts for commercial and residential real estate. Bass highlighted the need for affordable housing construction and confirmed significant rebuilding progress with over 400 homes under construction in Pacific Palisades. The address also occurred amid a competitive mayoral election year with multiple candidates vying to replace Bass.

Eddie Bauer, an outdoor apparel retailer based in Bellevue, Washington, is planning a Chapter 11 bankruptcy filing and liquidation of most of its approximately 180 North American brick-and-mortar stores due to rising costs and changing consumer preferences. The company's real estate is operated by Catalyst Brands, a joint venture linked to mall operator Simon Property Group. Despite these challenges, Simon Property Group remains profitable and is actively seeking new tenants to replace underperforming retailers like Eddie Bauer and Saks Off 5th, aiming to improve rental income and productivity at its properties.

Eddie Bauer, an outdoor apparel retailer based in Bellevue, Washington, is preparing for a potential Chapter 11 bankruptcy and liquidation of most of its 250+ North American stores due to rising costs and changing consumer preferences. The brand is owned by Catalyst Brands, a joint venture involving Simon Property Group, a major mall landlord that continues to see strong profits despite retail bankruptcies. Simon is managing the impact of tenant bankruptcies like Eddie Bauer and Saks Off 5th by seeking new, more productive retail tenants to replace underperforming ones, aiming to maintain or increase rental income.

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Fannie Mae has taken control of the Del Sol Apartments, a 152-unit multifamily complex in Texas City near Houston, after the owners defaulted on an $11.5 million loan. The default followed a 2024 fire that damaged multiple units and displaced residents, leading to disputes over loan payments and repairs. A receiver was appointed by court order to manage the property amid rising multifamily distress in Texas, where a significant amount of commercial mortgage-backed securities debt is maturing this year.

Robert G. Fessler sold his oceanfront estate in Manalapan, Florida, for $31.5 million. The 1.6-acre property includes a 6,700-square-foot main house and a guest house, featuring amenities such as a theater, pool, and private dock. The sale reflects strong demand in the Manalapan luxury real estate market, particularly for new construction and large ocean-to-lake estates favored by ultra-wealthy buyers. Nearby high-profile transactions include billionaire Larry Ellison's record-setting purchases in the area.

Fenway Capital Advisors purchased the 11-story Entrada office building in Culver City, California, for $130 million in 2025, marking the priciest office sale in the city that year. The 315,000-square-foot building, completed in 2022, is about 75% leased to tenants including Equinox, Deloitte, The Trade Desk, and Jazwares. Fenway Capital, with properties across several states including California, Arizona, Nevada, Oklahoma, and Texas, also has ongoing projects in California such as a multi-family rental development and retail space expansions.

Nina Roket, co-managing partner at Olshan Frome Wolosky, is a highly skilled real estate attorney known for her expertise in leasing, financing, and acquisitions, particularly in complex commercial real estate deals in New York City. Her career is marked by significant transactions including leases and refinancings involving office, retail, and mixed-use properties, such as the Terminal Warehouse redevelopment, 470 Park Avenue South purchase, and Herald Center refinancing. Roket emphasizes collaboration and problem-solving in negotiations and is a leader in mentoring women attorneys within her firm.

Miami-Dade County Mayor Daniella Levine Cava vetoed an industrial project proposed by Kelly Tractor on 245 acres outside the Urban Development Boundary (UDB), citing concerns over wetlands and environmental impact. The project, intended for a new headquarters involving heavy equipment sales, storage, and repair, was initially approved by county commissioners despite staff recommendations against it. The veto highlights ongoing tensions over development outside the UDB, which aims to protect wetlands and limit suburban sprawl. The project requires a supermajority vote to override the veto, with commissioners scheduled to revisit the issue. This follows a similar controversial industrial project approval outside the UDB in 2022 that faced legal challenges.

The article discusses ongoing legislative efforts in New York to expand rent regulation through the REST Act, which would allow localities outside New York City to adopt rent stabilization based on housing emergencies. It also covers political developments related to housing policies, including opposition from landlord groups and limited state funding for housing vouchers. Additionally, the article highlights recent real estate transactions and developments in New York City, including a $29.5 million condominium sale, a $12.5 million retail building sale, and a new residential building permit in Flatbush. Other local news includes city appointments and utility issues in Brooklyn.

The article profiles Rob Speyer, CEO of Tishman Speyer, highlighting the company's significant refinancing deals in late 2024 and early 2025, including Rockefeller Center and The Spiral in New York City. It discusses Tishman Speyer's diversified portfolio beyond office buildings into residential housing, mixed-use life sciences campuses, industrial properties, and their venture investments in AI and construction technology. The company is actively developing and acquiring properties in key markets like New York, Jersey City, San Francisco, Boston, Washington, D.C., and Europe, emphasizing a long-term vision of diversification, customer focus, and low leverage. The article also touches on challenges in New York City development, political engagement, and the importance of maintaining the city's social fabric and skyline identity.

The article discusses the challenges of maintaining rent-stabilized affordable housing buildings in New York City, highlighting the financial difficulties faced by property managers like Mark Furman who struggle to cover operating costs and deferred maintenance due to restricted rents. It contrasts these issues with past experiences in Wisconsin and critiques Mayor Zohran Mamdani's approach to rent regulation and affordable housing, emphasizing the need for significant capital investment and systemic support beyond market forces.

In Brooklyn Heights, the luxury real estate market saw 21 contracts signed totaling $69 million for homes priced at $2 million or more, including 13 condos, 2 co-ops, and 6 townhouses. The top contract was a renovated 1850s townhouse listed at $8.9 million, featuring seven bedrooms and a Japanese-inspired garden. Another notable sale was a gut-renovated Boerum Hill townhouse listed at nearly $7 million. The median asking price for these homes was $2.5 million, with an average market time of 97 days and a price per square foot of $1,448.

Wheelock Street Capital and Brand Atlantic are selling Banyan & Olive, a trophy office and retail property in West Palm Beach, Florida, with expectations of a sale price over $200 million. The property features two buildings totaling 156,785 square feet, mostly leased to office tenants and retail including a Greek restaurant. West Palm Beach's office market has recovered strongly post-COVID, attracting high-net-worth investors and larger tenants. Stephen Ross, a dominant investor in the area, may be interested in the purchase. Meanwhile, Wheelock continues to invest heavily in West Palm Beach with major mixed-use developments underway.

Visitt, an AI-driven property operations platform, has raised $22 million in Series B funding to develop a unified AI interface for commercial real estate operations. The platform supports multiple property types including office, industrial, data centers, multifamily, and retail, aiming to replace legacy systems and improve operational efficiency and tenant satisfaction. Visitt operates globally in over 310 cities and 10,000 properties, with rapid growth driven by increasing adoption of AI solutions among property owners and operators. The company focuses on practical AI applications such as predictive maintenance, visitor management, and tenant experience to enhance day-to-day property management.

The article highlights several high-value residential real estate transactions in South Florida, including oceanfront mansions and waterfront homes in Palm Beach, Boca Raton, West Palm Beach, and North Palm Beach, with prices ranging from $9.7 million to $76.7 million. Additionally, it notes a significant increase in data center construction spending driven by rising AI infrastructure demands, with an 18.4% year-over-year growth in October.

Anthropic, an AI firm, has signed a major lease for the entire office space at 300 Howard and 342 Howard in San Francisco, totaling 484,000 square feet. This deal is one of the largest leases in the city's history and highlights the strong demand for office space driven by the AI sector, which accounted for a significant portion of net absorption in 2025. The properties are owned by Blackstone Real Estate and DivcoWest, and the lease supports San Francisco's recovery and growth in the tech industry.