Los Angeles City Attorney Hydee Feldstein Soto has filed a civil enforcement lawsuit against landlords Benny Pirian and Piaman Nisan Pirian for multiple violations of tenant protection laws. The landlords allegedly own at least 16 multifamily residential properties and several single-family rental homes in Los Angeles, where they are accused of improperly withholding security deposits, imposing illegal rent increases, charging excessive late fees, and other unlawful practices. The lawsuit seeks to stop these activities, secure restitution for tenants, and impose civil penalties.

Town Lane, a real estate investment firm founded in 2024, made a significant entry into the retail sector by acquiring ShopOne Centers and its portfolio of 27 grocery-anchored shopping centers. The acquisition includes properties across multiple states such as North Carolina, Georgia, Pennsylvania, and Texas. Town Lane plans to expand its retail portfolio and has also invested in senior housing properties nationwide through its Arcole platform. This deal marks Town Lane's first retail investment following a successful $1.25 billion funding round.

GDC Properties acquired a 30-unit apartment building in Brooklyn, New York, for $24.1 million, marking a slight discount from the previous purchase price in 2016. The property, located in Carroll Gardens, features various apartment sizes with rents ranging from $3,208 to $8,250 per month. GDC Properties, active in residential developments in Queens, has not disclosed future plans for the building.

Related Ross received approval for a 71-acre master-planned development in Wellington, Florida, featuring retail, multifamily housing, a hotel, office space, and a school. The project includes 215 residential units, 180 hotel rooms, and significant retail and office space. Additionally, ElevateEd plans to build a private pre-K-12 school on the western portion of the site. Other developments in Wellington include a mixed-use project with condos and commercial space, a townhome complex, and a polo-themed country club with single-family homes.

Rudin secured a 21-year lease with the New York City Independent Budget Office for office space at One Battery Park Plaza in Lower Manhattan, New York City, relocating from a smaller office nearby. Additionally, talent acquisition software provider Radancy renewed its five-year lease for office space in the same building. The deals reflect ongoing demand for office space in the Financial District, with other law firms also renewing leases in the building.

Cityview secured $96 million in refinancing for Jasper, a 296-unit multifamily apartment building in South Central Los Angeles, California. Fortress Investment Group provided the loan to support leasing and refinance construction debt. Multifamily occupancy in downtown Los Angeles remains strong, surpassing pre-pandemic levels. Additionally, Jamison obtained a $195 million construction loan to convert an office tower in Koreatown into 686 residential units, marking the largest adaptive reuse project in Los Angeles history. Cityview is also planning to redevelop an office complex in Irvine, California, into 422 housing units.

Compass International Holdings, overseeing Compass and other brands under Anywhere Real Estate, has promoted Neda Navab to president of the brokerage as CEO Robert Reffkin shifts focus to broader strategy following a $4 billion merger with Anywhere. The leadership changes come amid executive departures and the company's transition from acquisition to managing a large agent base and debt load. The article highlights recent executive moves and strategic adjustments within the residential real estate brokerage sector.

Grupo Gicsa's Cababie family secured a $70 million construction loan from Ocean Bank to develop Central Aventura, a nine-story mixed-use building with office and retail space in Aventura, Florida. The 1.5-acre site was purchased in 2019 for $13 million. Additionally, other mixed-use projects in Aventura include plans by Adam Neumman's Flow and Canada Global for multifamily towers and office space. The project highlights ongoing real estate development activity in the area.

Morgan Properties, the third-largest multifamily owner in the U.S., is undergoing a major leadership transition with founder Mitchell Morgan moving to chairman and his sons Jonathan and Jason Morgan becoming co-CEOs. The company, based in Pennsylvania, has expanded its portfolio to 110,000 units across 22 states, more than doubling in five years, and has invested heavily in acquisitions and renovations. The leadership changes aim to streamline decision-making and accelerate growth amid market uncertainty.

U.S. Immigration and Customs Enforcement (ICE) is rapidly expanding its office footprint nationwide, planning over 150 new locations to support its deportation efforts. The General Services Administration (GSA) is facilitating this expansion by bypassing typical bidding processes due to national security justifications. The expansion supports ICE's Enforcement and Removal Operations and legal divisions, with many offices near sensitive community locations. The growth is concentrated in Texas, New York, and California, with additional property acquisitions in Pennsylvania and Arizona, including warehouses for detention centers and other facilities.

The Gutow Company, in partnership with Vertical Partners, acquired a 13-story office building at 12001 North Central Expressway in North Dallas, Texas. The 246,955-square-foot property, about 50% leased, is being rebranded as 12001 NCX with plans for capital improvements and upgraded amenities to attract smaller tenants. The purchase reflects ongoing opportunities in the Dallas office market amid distress, with leasing momentum and hands-on ownership seen as key to value creation. Nearby, other office transactions and consolidations indicate rising demand in the U.S. 75 and I-635 corridor.

Saks Fifth Avenue is reducing its store count to 25 as part of its Chapter 11 bankruptcy restructuring, closing eight locations including stores in Phoenix, Arizona, and the American Dream Mall in New Jersey. The flagship Manhattan store will remain, and the larger property will be sold to Vornado Realty Trust in 2025. The restructuring also affects Neiman Marcus and other Saks operations such as Fifth Avenue Club and Saks Off 5th stores. Despite closures, Saks aims to optimize operations and invest in long-term growth within the luxury market.

The article details Jeffrey Epstein's highly controlled and secretive management of his Upper East Side townhouse in New York, highlighting his selective and often arbitrary approval of potential buyers, including billionaires and oligarchs. Despite numerous attempts by brokers to arrange showings and offers reportedly reaching up to $125 million, Epstein never sold the property during his lifetime, setting asking prices as high as $250 million. After his death, the mansion was listed and eventually sold for $51 million. The article also reveals Epstein's suspicion of buyers, his efforts to prepare the house for showings, and his interactions with various real estate agents and potential buyers.

Apollo Commercial Real Estate Finance reported a net income loss in its fourth-quarter earnings following its announcement to exit nearly its entire $9 billion commercial real estate loan portfolio to Athene Holding. The company plans to retain a portion of equity in the CRE properties and will evaluate long-term strategies throughout 2026. The loan portfolio includes 18% U.S. assets, with significant new originations post-2022 amid rising interest rates. Apollo committed $1.3 billion in loans in Q4 and $4.4 billion for full-year 2025.

Presidio Bay Ventures plans to add over 1,000 residential units in Menlo Park, California, including 347 apartments downtown and 670 units on Middlefield Road. The projects will replace parking lots and existing buildings, incorporating office space, retail, a child care center, and parking garages. The city is reviewing multiple housing proposals and will select one soon amid local concerns about parking loss. Presidio Bay has prior developments in Menlo Park, including a mixed-use project with apartments, offices, retail, and parking.

A 17-story office building at 70 East Lake Street in downtown Chicago is up for sale, with potential for conversion into apartments or a hotel due to weak demand for office space. The building, about 63% leased, offers a clear path for repositioning as most leases include landlord termination rights. This sale reflects a broader trend of repurposing aging office buildings in Chicago's Loop area, which is surrounded by retail and hospitality venues. Nearby properties include a parking garage and a hotel being redeveloped into a timeshare resort.

Linklaters, a global law firm, has expanded its lease by 48,000 square feet at Vornado Realty Trust's 1290 Avenue of the Americas, a 43-story office building in Midtown Manhattan, New York. This expansion brings Linklaters' total leased space in the building to over 150,000 square feet. The property, which includes other major corporate tenants, is a significant office asset in the city.

Hilton & Hyland, a luxury real estate brokerage in Beverly Hills, has undergone significant leadership changes in 2025, including the appointment of Felix Pena as broker manager following the departure of Steve Katz. The firm has seen a reduction in staff from over 100 agents in 2018 to around 25 currently and recently moved to a smaller office space at 345 North Maple Drive after a rent dispute with its former landlord. Despite these challenges, the company remains committed to its luxury real estate business and is actively interviewing new agents.

Blackstone Mortgage Trust (BXMT) reported strong financial performance in 2025, with a $20 billion loan portfolio performing at 99 percent and $6.8 billion in new investments closed during the year. The firm’s earnings per share increased significantly, delivering a 21 percent total return to shareholders. BXMT’s loan portfolio primarily consists of multifamily, industrial, and net-lease assets, with a strategic focus on diversified portfolios to mitigate risk. The company also executed significant corporate and securitized debt transactions to improve its capital structure and plans to exit owned real estate properties to redeploy capital. Market conditions remain favorable with increased CMBS issuance and asset value growth, leading to higher loan originations in early 2026.

Vornado Realty Trust is moving forward with the redevelopment of 350 Park Avenue in New York City, planning to build 1.85 million square feet of office space with significant investment from Citadel and minority stakes from Rudin and Vornado. The project received city council approval in September 2025, with construction starting in April. Vornado also owns the development site for Penn 15 and plans to reposition 623 Fifth Avenue into boutique offices, highlighting a strong office development pipeline in New York.

January employment data from the U.S. Bureau of Labor Statistics showed a slight improvement in the job market with 130,000 jobs added and the unemployment rate dropping to 4.3%. The health care, social assistance, and construction sectors experienced the strongest job growth, while federal government and financial services saw job losses. Independent reports indicated higher layoffs and hiring freezes in business and professional services, highlighting mixed signals about the broader economy.

Nadim Ashi is finalizing a $100 million buyout of the Harbor Towers condo complex in West Palm Beach, Florida, securing a prime waterfront development site near Mar-a-Lago. The deal ended a legal battle with Steve Ross, who won a separate bulk buyout of the neighboring Southbridge condos. Other developers are also showing interest in aging condo buildings in the area, though some express caution about pricing and market saturation.

San Francisco and New York City are experiencing significant growth in office leasing activity, driven primarily by tech companies in San Francisco and financial services in New York. San Francisco's office demand is expected to grow 15% in 2026, fueled by AI firms and tech expansion, while New York City anticipates a 6% increase, supported by diverse tenants and return-to-office momentum. Both cities exceeded leasing expectations in 2025, highlighting their importance as indicators of their respective key industries.

Hermès made a record-setting retail real estate purchase on Rodeo Drive in Beverly Hills, California, acquiring 338 North Rodeo Drive for $400 million. This 25,000-square-foot property is currently leased to luxury brands Tom Ford, Moncler, and Balenciaga, with Hermès already owning a smaller nearby store. The deal marks the largest single-property retail sale on Rodeo Drive and reflects a trend of luxury brands buying larger retail spaces amid rising rents and competition in the area.

The article discusses the current state of artificial intelligence adoption in commercial real estate, highlighting that while many firms are optimistic and experimenting with AI, few have achieved scaled deployment due to challenges in data infrastructure and trust. AI is primarily used to improve efficiency rather than reduce workforce, with significant investments planned in the near future. Adoption varies by asset class, with student housing leading in enterprise deployment, office showing high experimentation, and multifamily lagging despite its potential benefits. The article emphasizes that successful AI integration depends on standardized data, explainability, and embedding AI into core workflows to gain competitive advantage.

Chuck Kuhn, founder of JK Moving Services and JK Land Holdings, is a major land investor in Northern Virginia, particularly Loudoun County, where he sells parcels to data center hyperscalers like Amazon. He balances data center development with land conservation, having placed over 22,000 acres into conservation easements. Kuhn emphasizes responsible development, community engagement, and the importance of data centers for technological advancement and local economies. He also highlights innovations in data center water and power usage and plans to continue developing data centers alongside warehouses while maintaining environmental stewardship.

Several new building, alteration, and demolition applications were filed recently in New York City boroughs including Queens, Brooklyn, and the Bronx. Notable projects include large mixed-use residential buildings with multiple dwelling units, conversions of existing facilities into residential units, and demolitions of older structures such as a former pool hall and residential properties. These developments reflect ongoing urban growth and redevelopment efforts in the city.

The article highlights several high-value real estate transactions in South Florida, specifically Miami and North Bay Village. A Miami Beach condo at the Continuum on South Beach sold for $19.9 million, setting a record for the area. Two adjacent multifamily waterfront complexes in North Bay Village were sold for $18.5 million, reflecting significant appreciation since 2014. Additionally, a retail center in North Miami changed hands for $15.8 million, and a newly built single-family home in Miami sold for $12.5 million. These transactions showcase strong activity in residential, multifamily, and retail property markets in Florida.

The article reports on the federal sex trafficking trial of the Alexander brothers, focusing on testimony from Lindsey Acree, who alleges she was drugged and raped by Tal Alexander and another man at a rental house in the Hamptons, New York, in 2011. Acree describes the events leading to the assault and her subsequent decision to testify. The trial also involves other witnesses and victims, with ongoing testimonies expected.

The article discusses New York City's ongoing struggles with the Alternative Enforcement Program (AEP) aimed at addressing landlord neglect and building violations, highlighting specific cases such as 1422 Greene Avenue and 34-15 Parsons Boulevard. It critiques the program's effectiveness and the political theater surrounding enforcement. Additionally, it covers new legislation requiring landlords to install air conditioning upon tenant request by 2030, the impact on rent-stabilized housing, and recent significant real estate transactions and developments in New York City, including condominium sales and a new residential building permit.

Trinity Flood, a Wisconsin-based landlord, is fighting foreclosure and legal challenges related to her 130-unit multifamily apartment complex at 7500 South South Shore Drive in Chicago, Illinois, which was raided by federal authorities in 2023 amid allegations of housing discrimination and unsafe living conditions. Flood is also involved in foreclosure lawsuits for other multifamily properties in Chicago, Georgia, and Arizona, with some already auctioned off. Her legal battles include disputes over inflated insurance costs, building code violations, and prior family business conflicts in Wisconsin. The situation highlights ongoing litigation, federal investigations, and financial difficulties tied to her real estate portfolio.

Brooklyn Bridge Fencing Club (BBFC) is relocating to a larger 8,000-square-foot office space in Brooklyn's Dumbo neighborhood, signing a 10-year lease at 295 Front Street. The move supports the club's growth and community investment, with plans to open 20 full-length fencing strips. The building also houses other tenants like K9 Resorts Luxury Pet Hotel and Ember Charter Schools.

In a 24-hour period in New York City, there were 173 real estate transactions totaling $326 million, including high-value residential condo sales such as a $37.3 million four-bedroom unit at 220 Central Park South and a $16.2 million penthouse at 147 Waverly Place. Commercial deals included the sale of four commercial condos at 40 Rector Street for $40 million and a six-story hotel near LaGuardia Airport for $14.5 million. Other notable residential sales included a full-floor condo in Noho for $9.8 million and a townhouse in Yorkville for $6 million.

The Heart of Chelsea Greenpoint veterinary clinic in Brooklyn, New York, is designed to provide a warm, inviting, and calming environment for pets and their owners, contrasting traditional clinical vet offices. Located in the retail space of the luxury residential building the Dupont, the clinic features design elements inspired by the building and neighborhood history, including wood floors, soft color palettes, and commissioned local art. The Dupont building is nearly fully leased, with many residents owning pets, and the clinic adds to the building's pet-friendly amenities.

Kristina Metzger, a vice chairman at CBRE, has become a leading expert in data center capital markets, closing over $50 billion in transactions since 2009. Data centers have seen explosive growth, with global deals reaching $61 billion in 2025, driven by demand for power and digital infrastructure. Despite challenges such as community opposition, resource use concerns, tariffs, and interest rate fluctuations, Metzger remains optimistic and focused on strategic investment execution. Her work includes significant deals like recapitalizing and selling a data center in Minneapolis for Legacy Investing, highlighting the sector's dynamic and competitive nature.

Commercial real estate companies are increasing hiring, particularly in investment and finance roles, driven by a rebound in transaction volume and improving market fundamentals. Job postings have significantly increased, with strategic hiring focused on niche sectors like retail, senior living, and data centers. Compensation is rising, and firms are adapting operations to remain competitive amid a more active market. While hiring remains selective, the trend is expected to continue if market conditions stabilize and improve.

Saks Fifth Avenue is closing eight locations, including one in a mixed-use project in suburban Philadelphia at 2 Bala Plaza, Bala Cynwyd, as part of its Chapter 11 bankruptcy restructuring. The company is focusing on profitable locations and has also closed 57 Saks Off 5th stores. The Bala Plaza property, acquired in 2023, is planned for redevelopment into a mixed-use destination. The Philadelphia region has seen several department store closures, including Macy's in Center City, which is undergoing office-to-residential conversion. Meanwhile, local chain Boscov's continues to operate and expand within mixed-use redevelopment projects at Exton Square Mall and Plymouth Meeting Mall.

The Fontainebleau Miami Beach resort, owned by billionaire Jeffrey Soffer, has faced significant resident opposition regarding its plan to renovate pool amenities by adding cabanas and waterslides. The Miami Beach Historic Preservation Board has delayed voting on the proposal multiple times due to community pushback and board member absences. Despite revisions to reduce the size of the structures, many local residents and neighborhood associations remain opposed, citing concerns about increased traffic and impact on infrastructure. The developer has launched a public relations campaign to garner support, but critics dismiss it as manufactured propaganda.

Neiman Marcus is closing its store at Copley Place in Boston as part of Saks Global's bankruptcy proceedings. Simon Property Group, owner of the shopping complex, plans to redevelop the space with new retail, dining, and wellness tenants, including Casa Tua Cucina and Estiatorio Milos, with construction starting later this year and openings in 2028. This redevelopment follows previous renovation efforts and ongoing upgrades at other malls owned by Simon in Nashville, Denver, and Tampa, Florida.

Real Capital Solutions (RCS), led by CEO Marcel Arsenault, is taking a contrarian approach to the Chicago office market by acquiring high-quality, well-leased office buildings at discounts rather than distressed assets with high vacancy. The company recently purchased a 35-story office tower on Michigan Avenue for $132.5 million, marking the highest price point for a Chicago office building since 2022. RCS plans to deploy hundreds of millions of dollars into top-tier office properties nationwide in 2026, leveraging cash from previous sales and prepared for potential economic headwinds such as recession and AI impacts. Arsenault emphasizes a long-term view on the cyclical nature of real estate values and confidence in the premium office sector's recovery.

Zillow reported strong financial results in the fourth quarter, achieving $2 million in net income and $23 million for the full year 2025, marking its first profitability since 2012. Revenue increased 18% to $654 million, driven by growth in its for-sale and rentals businesses, with rentals revenue up 45% to $168 million and an estimated market share increase to 63%. Despite facing lawsuits from competitors Compass and CoStar, as well as scrutiny from the FTC, Zillow remains confident in its strategy and growth prospects, particularly in the rentals segment.

A planned mega-development at 700 Packer Avenue in South Philadelphia, which included over 1,300 apartments, office space, retail, restaurants, and parking, has been abandoned by developer Hines. The project faced opposition from local sports teams and stakeholders, leading to efforts to repeal related rezoning ordinances, effectively ending the development despite potential for new proposals.

Luci Baines Johnson has listed her former two-story penthouse in the historic Norwood Tower in downtown Austin, Texas, for lease. The 10,421-square-foot space, spanning the 14th and 15th floors, offers flexible use possibilities including office, hospitality, restaurant, or residential purposes. The penthouse features multiple terraces, a private gym, a chapel, and on-site parking, and is being marketed as a creative space rather than a traditional lease. The Johnson family originally converted the top floors from office to residential use, reflecting Austin's urban growth, and hopes the next occupant will continue the building's civic and historical significance.

A vacant retail space in Oakland's Temescal Plaza, formerly occupied by Walgreens, is set to be leased by Grocery Outlet, a discount grocery chain. The 14,370-square-foot location at 5055 Telegraph Avenue will be Grocery Outlet's second Oakland store and is near a Whole Foods Market. The property owner is negotiating with the city to reserve 15 parking spaces specifically for Grocery Outlet customers, which requires amending a longstanding agreement. This move is part of Grocery Outlet's strategy to focus on select markets and improve store location quality following recent lease terminations in less optimal areas.

Slick City Action Park is expanding its indoor slide park franchise, securing a 43,000 SF space in Austin, Texas, with plans to open by October and additional locations in nearby areas. The company, which started in Colorado in 2022, has rapidly grown to 26 locations with many more in development across 37 states. The parks offer unique slide designs and other entertainment options like arcades and laser tag, appealing to both families and adults. The family entertainment center market is growing significantly, driven by urbanization, disposable income, and demand for weather-independent recreation.

Slick City Action Park is expanding its indoor slide park franchise, securing a 43,000 SF space in Austin, Texas, with plans to open by October and additional locations in nearby areas. The company, which started in Colorado in 2022, has rapidly grown to 26 locations with 35 more in development across 37 states. The parks feature unique slides and other entertainment options like arcades and laser tag, appealing to both families and adults. The family entertainment center market is growing significantly, driven by urbanization, disposable income, and demand for weather-independent recreation.

The Federal Housing Finance Agency (FHFA) has finalized the repeal of a 2024 rule that required mortgage giants like Fannie Mae and Freddie Mac to report on efforts to expand fair housing and credit access. The rollback aligns with recent federal policies removing demographic-focused programs and is supported by industry groups but criticized by tenant advocates and civil rights organizations for weakening oversight amid housing affordability challenges. The repeal takes effect on March 9 and reflects a shift away from Biden-era equity initiatives in housing finance.

A developer in Berkeley, California, has filed an application to build a 94-unit affordable apartment building with a parking garage on a site previously considered for co-living and student housing developments. The project aims to provide workforce housing in a commercial district near transit, utilizing state laws that streamline housing approvals and allow density bonuses. The site has changed hands and proposals over recent years as Berkeley addresses its housing shortage, particularly near the UC Berkeley campus.

The article discusses the decline in home sale prices in Austin's Tarrytown neighborhood in 2025, with an 11 percent drop in average sale price, marking the largest percentage decline in the city. Despite being a wealthy area, luxury buyer interest has waned since the pandemic housing boom, with many sales occurring off-market, obscuring full market visibility. Other luxury areas like Downtown and Westlake have remained relatively stable. The cooling luxury market reflects a shift as out-of-town buyers leave and demand normalizes after a surge during the pandemic.

Highland Park officials approved a 227-unit townhome development on the former Solo Cup industrial site, marking the largest project in the city in generations. The 28-acre site will be rezoned from industrial to residential, with construction starting in spring and expected to take 18 to 24 months. The project includes townhomes with first-floor garages, on-street parking, nearly 13 acres of open space, private roads, a clubhouse with a pool, and 34 affordable units. Amendments addressed safety and quality-of-life concerns, including deferring a pedestrian crossing and increasing buffers near a nearby restaurant.

Zaxby’s, a fast-casual chicken chain primarily operating in the Southern U.S., is expanding its footprint by opening its first New York City location on Manhattan’s Upper East Side this summer. The chain has signed a 10-year lease for retail space in a mixed residential and retail building, marking its entry into Manhattan and continuing its broader expansion strategy, which includes recent openings in New Jersey and plans for at least 60 new locations in 2026. This growth occurs amid a nationwide increase in chicken restaurant openings by various brands.

Culver City approved the redevelopment of a former gun store into a seven-story affordable housing complex with 67 units, artist spaces, and a community art center, designed to serve households earning 30-80% of the area median income. The project, costing about $50.2 million, will use off-site modular construction. Additionally, other residential projects in Culver City include a large apartment complex replacing office buildings with over 1,000 units and another apartment complex increasing housing capacity by converting office space.

The article reports on a busy luxury real estate market in Palm Beach County, Florida, highlighting a $60 million waterfront mansion that went into contract as the most expensive listing last week. In total, 21 luxury properties, including single-family homes and condos priced at $3 million or more, were contracted, totaling $151.3 million in asking price. The article details features and price histories of the top two contracts, emphasizing the high-end nature of the market and the significant activity in luxury single-family homes and condos in Palm Beach County.

Vornado is advancing multiple major development projects in New York City, including a $6 billion office tower on Park Avenue with Citadel, a 475-unit apartment building near Penn Station, and redevelopment of the office tower above Saks Fifth Avenue. The company is focusing on office leasing, with occupancy rising to 91.2% and strong leasing activity driving rents higher. Vornado is also considering options for a new development at 3 E. 54th St., potentially office, hotel, or apartment use. The firm plans to fund these projects through asset sales, financing, and stock buybacks, capitalizing on a strong landlord market in Manhattan.

C-III Capital Partners and Vanderbilt Office Properties secured a $53.5 million refinancing loan from Goldman Sachs for the Crossroads office park in Plantation, Florida. The office park includes three buildings totaling nearly 290,000 square feet, mostly leased to 20 tenants. Parts of the campus are being redeveloped into a mixed-use property, with a recent sale of a 5-acre site for a 384-unit apartment complex. The financing occurs amid scrutiny of Andrew Farkas's ties to Jeffrey Epstein, though Farkas denies any wrongdoing.

The article discusses the surge in affordable housing construction in South Florida, particularly in Miami-Dade County, from 2020 to 2024, with a 97 percent increase in affordable units completed compared to the previous five years. While Miami saw significant growth, affordable housing completions declined in Palm Beach and Broward counties. The report highlights projects like Sawyer's Walk and Liberty Square, focusing on senior and workforce housing. Despite the increase, affordable units still represent a smaller share of total multifamily completions, as developers prioritize market-rate rentals. Nationwide, affordable apartment completions rose by 73 percent, with cities like Seattle, New York, and San Antonio leading in growth.

Michael Haddad's New Generation Realty sold a nine-story mixed-use office and retail building in Manhattan's Koreatown to Premier Equities for $31.6 million, marking a profitable transaction since its 2006 purchase. Premier Equities, active in the New York City real estate market, owns a portfolio primarily in Lower Manhattan and has been involved in various retail and hotel property transactions in the area.

The District, a large mixed-use development in Round Rock, Texas, has begun construction on its first phase after securing an $86 million loan. The project, initially approved in 2019, has expanded from a $200 million plan to a nearly $500 million, 4 million-square-foot campus. Phase I includes a 316-unit luxury multifamily apartment building with retail space and a food-and-beverage plaza, aiming to attract foot traffic and economic growth. The full development, expected to complete by 2039, will feature office, multifamily, retail, and hospitality components, supporting up to 5,000 jobs.

The article discusses the projected growth of luxury home values globally in 2026, highlighting Seoul as the leading city with an expected 6 to 8 percent increase following a 14 percent rise in 2025. Other cities like Tokyo, Madrid, Lisbon, and Cape Town are also expected to see notable growth, while Miami and Paris anticipate moderate increases. In contrast, Chinese cities including Beijing and Shanghai are forecasted to experience declines in luxury housing prices. Overall, global luxury property values are expected to rise by 1.3 percent in 2026, slightly lower than the previous year, amid mixed market sentiment and supply challenges.

FPA Multifamily has acquired a 378-unit apartment complex in Wheeling, Illinois, for $51 million, marking a significant move in the Chicago suburban rental market. The property, renamed ReNew Lake Arlington, was sold by the Manda family as they exit the sector. This acquisition is part of FPA's broader strategy to expand its multifamily portfolio in the Chicago area, which is experiencing strong demand and limited new development, leading to rising rents and high occupancy rates. The Chicago market is attracting institutional investors due to its scarcity of new supply and robust fundamentals, with FPA also making several other high-value multifamily purchases in the region recently.