KCI Technologies is relocating its corporate headquarters within Maryland, moving about 300 employees from Sparks to Hunt Valley by leasing 53,344 square feet at the North Park business complex. The move is planned for the second quarter of 2027 and aims to keep the company near the Interstate 83 corridor for employee convenience. This lease follows recent acquisitions and improvements by St. John Properties at North Park, which also saw Solar Gaines lease space earlier in the year.

The U.S. life sciences real estate market is currently oversupplied with high vacancy rates and declining rents, but improving funding conditions and a sharply reduced construction pipeline are setting the stage for recovery. Inventory has grown significantly, but new construction has slowed dramatically, with future projects mostly pre-leased or build-to-suit. Capital markets are reopening with increased investment sales and venture capital funding, particularly in North America. Key hubs like San Diego County face high vacancy despite large inventory, while Los Angeles and Orange County show low vacancy and potential for industrial and office conversions. The market is moving from correction to stabilization, with underwriting focused on tenant credit and occupancy.

Thinking Machines Lab, an artificial intelligence research startup founded in 2025, has leased 21,500 square feet at 79 Fifth Avenue in New York City, occupying the entire fourth floor of the office building near Union Square. The company, valued at $12 billion, is expanding from San Francisco to the East Coast, with the lease negotiated by JLL and Newmark representatives. The building also houses tenants like Capgemini America, Hulu, The New School, and Free People retail store.

Pizza Napoli has signed a 15-year lease for a 2,500-square-foot retail space at 383 Fifth Avenue in Midtown, New York, replacing a previous pizzeria. The location benefits from strong foot traffic and proximity to a cannabis dispensary, NY Cannabis Company, indicating a positive trade area for food and beverage users on Fifth Avenue.

Two nonprofit tenants, Chan Zuckerberg Biohub and Fundraise Up, have leased office space at 100-104 Fifth Avenue, a 20-story office building near Manhattan’s Union Square in New York City. Biohub secured 10,666 square feet on the ninth floor, relocating from a nearby office, while Fundraise Up took 9,522 square feet on the seventh floor, moving from Brooklyn. These leases bring the building to full occupancy, which also houses other tenants such as fintech and investment firms.

Queens is experiencing a tightening multifamily rental market with vacancy rates dropping and a significant decline in new construction due to regulatory changes and developer pauses. However, recent rezoning initiatives like One LIC and the Jamaica Neighborhood plan are expected to spur a construction boom, potentially adding thousands of new multifamily units within the next few years.

Citadel Care Centers has begun construction on a new skilled nursing facility in North Miami Beach, Florida, backed by a $50.9 million loan from PNC Bank. The four-story development will include a parking garage and is situated on a 3.2-acre site. The project reflects growing demand in Florida's senior housing market, which has seen occupancy rates rise to over 90% and increased sales activity in assisted living properties. Recent notable transactions include a $140 million sale of a retirement home property in Delray Beach and a $62 million purchase of a 136-unit facility in Boynton Beach.

DO Capital Group secured $50 million in construction financing from BHI to develop The District at Jurupa Valley, a 239.2-acre mixed-use master-planned community in Jurupa Valley, California. The project includes nearly 1,200 housing units, retail spaces, a 122-room hotel, logistics elements, a business park, and public parkland. Bridge Logistics Properties also acquired over 68 acres for an industrial facility within the development.

Midwood Investment & Development, a New York City-based private real estate firm, has appointed Aarthi Bansidhar as its new chief financial officer to lead financial strategy and capital planning across its national portfolio. Current projects include a 25-unit condominium development on Manhattan's Upper East Side and a 31-story multifamily rental building in Philadelphia, reflecting the firm's growth in residential and office assets.

Law firm Nutter is expanding its office space at the Durst Organization's 5 Grand Central East building in Manhattan, New York City, increasing its footprint to 11,438 square feet. The expansion reflects strong demand for Class A office space in the Grand Central East submarket, which has seen a 127% increase in demand since 2021, driven by finance, insurance, and real estate tenants. Durst is investing $16 million in capital improvements at the building, including new HVAC and building management systems, as part of its commitment to the area.

Sheppard, a top U.S. law firm, has signed a lease for 107,224 square feet at a planned trophy office redevelopment at 2033 K Street NW in Washington, D.C., set to be completed in July 2029. The redevelopment involves expanding and modernizing the existing building to meet the demand for large, high-quality office spaces in the city, particularly for law firms. The project highlights the ongoing bifurcation in D.C.'s office market between distressed properties and a shortage of premium office space.

Former New York Governor Eliot Spitzer has won approval from the state to demolish 985 Fifth Avenue after suing to end rent-stabilized leases, a prerequisite for redevelopment. The New York City Landmarks Preservation Commission approved plans in 2023 to replace the 25-story rental building with luxury condominiums. Spitzer's company has been advancing the project, which includes designs for 25 condo units, despite previous delays caused by the state's Division of Homes and Community Renewal.

The Samueli family is developing OCVibe, a $5 billion mixed-use district in Anaheim, California, featuring a 50,000-square-foot market hall called Katella Commons with over 35 dining concepts, including five new international food options. The project includes residential, office, hotel, and entertainment components designed to create a vibrant, year-round destination. Key features opening in 2027 include a concert hall and a six-story office building, with the full 100-acre development expected to be completed by 2033, offering more than 2,500 residences and extensive parks and entertainment venues.

Hawkins Way Capital has acquired multiple student housing properties in Manhattan, New York, including Loeb Hall near Union Square for $51.5 million, as part of its Found Study portfolio. The firm plans to renovate and reposition these assets to provide high-quality student accommodations in a strong urban market. These acquisitions follow previous purchases of other student housing buildings in Manhattan, reflecting Hawkins' strategic expansion in this sector.

SummerHill Apartment Communities secured $123.5 million in construction financing, including a $96.5 million senior loan and $27 million in preferred equity, to develop a 251-unit multifamily apartment community in San Carlos, California. The project includes 38 affordable housing units and is positioned to benefit from the strong multifamily market in the San Francisco Bay Area, driven by technology and life science industries, high occupancy rates, and rent growth.

Genius Sports, a sports analytics and technology company, is relocating its U.S. headquarters to 1290 Avenue of the Americas in New York City, signing a 10-year lease for 53,000 square feet on the sixth floor. This move significantly expands their office space from their previous 28,000-square-foot location in West Chelsea. The building, owned primarily by Vornado Realty Trust with a minority stake held by the Trump Organization, recently underwent a $45 million renovation and is now 95 percent occupied, housing several other business and investment firms.

SJC Ventures sold the newly completed Whole Foods-anchored retail center called Doral Marketplace in Doral, Florida, for $83 million. The 89,000-square-foot strip mall includes tenants such as Whole Foods, J. Crew Factory, Ulta Beauty, and Shake Shack. The buyer, Traditions Management, a senior living community operator, assumed a $50 million loan. Retail leasing in Miami-Dade County remains strong with rising rents and low vacancy rates, and over 1.3 million square feet of retail space is under construction, including another Whole Foods location in South Beach.

KeyBank has expanded and renewed its office lease at 1301 Avenue of the Americas in Manhattan, New York, increasing its footprint to 112,924 square feet across multiple floors in a 15-year deal. The transaction was strategic to accommodate growth, keep teams together, and upgrade the workplace, establishing a prominent New York City headquarters. The building, managed by Elecor Properties, also houses other major tenants like Piper Sandler.

Mac Cosmetics has signed a lease for a 5,325-square-foot retail space at 579 Broadway in Manhattan's SoHo neighborhood, relocating just two blocks from its current location. The new flagship store will occupy ground and lower-level space in a five-story building, with possession starting in January. The lease was negotiated by Cushman & Wakefield, and the landlord is Lord Shivas Properties. The location is in a prime retail corridor with high rents and neighboring luxury brands.

Two tenants at Mitsui Fudosan America's 1251 Avenue of the Americas office building in Midtown Manhattan, New York, have expanded or extended their leases. Law firm DLA Piper expanded by 41,600 square feet on the 29th floor with an 8.5-year term, totaling 210,000 square feet. Insurance company Ascot Group signed a 12-year extension for 44,100 square feet on the 43rd floor. Other recent leases include LGT Capital Partners and Trust Company of the West expanding their office space in the building.

InfiniG, a Los Gatos, California-based enterprise cellular platform for commercial real estate, raised $5.2 million in seed funding to expand its mobile coverage as a service (MCaaS) product. The platform enables building owners to deploy neutral-host, multicarrier indoor cellular coverage using Citizens Broadband Radio Service (CBRS), reducing costs and complexity compared to traditional systems. InfiniG targets a wide range of buildings including hospitals, hotels, offices, and warehouses, aiming to modernize cellular coverage beyond large venues. The funding will support scaling, automation, and integration with mobile operators, with a focus on critical infrastructure and AI-enabled systems.

Ash Staging is a luxury staging and model residence design firm with over 15 years of experience, specializing in imbuing personality and character into residential and commercial spaces to enhance market appeal. The company operates on both the East and West Coasts, notably staging high-end penthouses in New York and Los Angeles, and has recently launched Room Service, an on-demand interior decorating service for hospitality, commercial, and residential properties that offers fast, cohesive design solutions.

The article discusses the surge in large seed funding rounds, particularly between $5 million and $10 million, in the proptech sector in 2026, driven largely by advancements in artificial intelligence. It highlights key startups in cities like Los Angeles, Manhattan, and Charlotte, N.C., and notes that AI is enabling faster product development and adoption in real estate technology. Experts emphasize that while capital availability is increasing, long-term success depends on solving real operational problems in real estate. The article also mentions the growing importance of physical AI in managing real assets and the challenges of recruiting high-level AI talent. Despite the current trend of large seed rounds, some investors believe this may not continue indefinitely due to the limited number of venture capital firms capable of such investments.

The article discusses the high costs landlords face from missed rent during evictions in New York City, emphasizing that rent guarantee insurance can significantly reduce financial losses. It highlights challenges landlords face post-2019 Housing Stability and Tenant Protection Act, including capped security deposits and increased document fraud facilitated by AI. The author advocates for a three-track leasing process that includes institutional lease guarantee bonds to protect landlords from tenant defaults and reduce vacancy risks, ultimately improving risk management and tenant approval efficiency.

Tavaco Properties has expanded its Greater Washington portfolio by acquiring three office properties at discounted prices, including a 272,300-square-foot building in Falls Church, Virginia, Twinbrook Plaza in Rockville, Maryland, and Ballston Station in Arlington, Virginia. These acquisitions total nearly $65 million and reflect Tavaco's strategy of investing in underperforming office assets amid a gradual return-to-office trend. Meanwhile, the seller, James Campbell Company, is shifting focus from office to industrial properties.

Southern California, particularly the South Bay area including cities like Torrance, Hawthorne, Long Beach, and El Segundo, is experiencing unprecedented growth in advanced manufacturing driven by increased defense spending and high-tech military production. This surge is transforming warehouse spaces into hubs for defense tech startups and manufacturers, with strong demand for industrial properties equipped for specialized manufacturing needs. The region benefits from a unique talent pool and significant federal funding, making industrial real estate a prime investment with long-term leases and potential for tenant ownership. Expansion is pushing into neighboring areas and Orange County, reflecting a broad diversification in defense-related technologies including nuclear and aerospace sectors.

Banyan Street Capital and Independencia Asset Management secured $53.5 million in refinancing for the Doral Center office complex in Doral, Florida. The 290,000-square-foot property, consisting of two buildings on a 10.8-acre campus, is about 85% leased and has undergone $15.5 million in capital improvements since its 2020 purchase. The upgrades have enhanced its appeal and leasing activity, with a recent sale of three acres to a residential developer. The financing was provided by Wells Fargo and brokered by CBRE.

Samudhra, a New Jersey-based Indian restaurant, has signed a lease for a 10,000-square-foot retail space on the ground floor of the Ellery at 312 West 43rd Street in Hell’s Kitchen, New York City, marking its second U.S. location. The property, owned by Taconic Partners and National Real Estate Advisors, is part of a mixed-use development that also recently leased space to Aldi. The lease deal was negotiated by CBRE and Lee & Associates, highlighting the Ellery's role as a dynamic mixed-use destination with a strong retail and dining presence.

The New York City Department of Housing Preservation and Development has submitted plans to rezone a city block in East Harlem, Manhattan, to facilitate a supportive and affordable housing project totaling 762 units across three buildings. The project, sponsored by Volunteers of America–Greater New York, will replace an existing 174-unit single room occupancy building and include community and commercial spaces. The rezoning will also designate the area as Mandatory Inclusionary Housing to ensure affordability in future developments. Nearby, another affordable housing project, Timbale Terrace, is underway with 341 units. Both projects aim to provide housing for formerly homeless individuals and other residents in need.

Rockpoint and Urby secured $277 million in construction financing from Truist to develop the second phase of a 748-unit multifamily tower at 201 Hudson Street in Jersey City, New Jersey. The 69-story building will feature 528,000 rentable square feet, 10,000 square feet of ground-floor retail, and amenities such as a pool, fitness center, and coworking spaces. Newmark advised on the financing and joint venture capitalization.

New York City's Mayor Zohran Mamdani announced plans to rebuild the deteriorating cantilever portion of the Brooklyn-Queens Expressway (BQE) with a $4 billion project starting in 2030. The Department of Transportation will construct two elevated bypasses to maintain traffic flow and local access during the estimated 10-year renovation, aiming to extend the BQE's life by 40 years. This approach contrasts with previous proposals for full replacement and aims to avoid traffic diversions into neighborhoods. The project addresses long-standing infrastructure issues and rising costs due to delays.

Kinsmen Property Group plans to develop three mixed-use, mixed-income buildings with a total of 322 homes, including 124 affordable senior apartments, along the Bowery in Manhattan's Nolita neighborhood, New York City. The project includes ground-floor retail space and aims to address urgent housing needs while honoring the area's history. The development is currently undergoing the city’s land use review process with local support, and it replaces previous stalled plans for the site.

Circle Realty Group has finalized leases totaling 37,600 square feet at 14 Penn Plaza in Midtown, New York. Major tenants include Bohler Engineering, which expanded to 14,000 square feet with a 10-year lease, and cybersecurity firm T&M USA, which leased 14,000 square feet. Additional leases were signed by Calibre CPA Group and Fitapelli & Schaffer law firm, relocating within New York City. The property is noted for its prime location and high-quality amenities.

The article highlights the booming investment and development in the data center sector, driven by major tech companies and AI growth, alongside a resurgence in office space demand, particularly in New York City. It also notes strong activity in multifamily housing and retail sectors, with significant deals and developments in New York, Florida, and California. Rising construction costs impact all sectors, but data centers remain a hot market. Multifamily housing demand is strong due to urban growth, with new projects and financing across multiple states.

CoStar Group has completed its $800 million acquisition of Zonda, a platform specializing in new home-construction data, homebuilder software, and residential real estate marketplaces. This acquisition enhances CoStar's presence in the $400 billion U.S. new-home sales market by integrating Zonda's lot-level construction and development data, software, and builder relationships with CoStar's technology and analytics. The deal also adds Zonda's residential marketplaces NewHomeSource.com and Livabl to CoStar's portfolio, expanding its consumer marketplace business into new construction and enabling richer digital home-shopping experiences.

Regency Development Group has been actively developing boutique residential projects in Bay Harbor Islands, Florida, since 2020, focusing on smaller, private living spaces that appeal to empty nesters and those seeking privacy away from large condo buildings. Their projects include units ranging from 9 to 33 in size, with prices between $2 million and $10 million. The developer emphasizes community integration and minimizing disruption during construction in this quiet, family-oriented neighborhood.

Alta Developers sold a retail condo unit in the Quadro condo building near the Miami Design District for $17.3 million to JBL Asset Management. The 25,504-square-foot retail space is part of a 200-unit condo building completed in 2019. The Miami Design District is undergoing a major expansion including a new mixed-use building and a condo and hotel development. JBL is marketing the last remaining retail suite in the building.

Morgan Stanley Real Estate Investing views the current U.S. commercial real estate market as an attractive entry point due to a four-year downturn that has repriced assets below replacement costs, combined with reduced supply and strong macroeconomic fundamentals. Key sectors highlighted for investment include industrial, retail, and senior housing, driven by megatrends such as AI, reshaped global supply chains, and aging demographics. The firm notes that despite high interest rates, the market has adjusted, and opportunities arise from stressed capital structures forcing recapitalizations. Senior housing is particularly promising due to demographic growth and limited new supply.

Whole Foods Market has leased a 9,000-square-foot retail space in the Murray Hill neighborhood of Manhattan, New York, for 15 years. The store will feature the new Whole Foods Market Daily Shop format, offering grab-and-go meals and fresh foods. The space is part of a 35-story, 229-unit apartment tower called the Murray, developed by Kahen Properties and Lalezarian Properties. The lease was signed by representatives of both the landlord and Whole Foods, with no disclosed rent details.

The article discusses the impact of trade policy fluctuations on the industrial real estate market near the ports of Los Angeles and Long Beach, California. Despite challenges, increased shipping volume and demand from advanced manufacturing, aerospace, and defense sectors have driven strong leasing activity and rent growth in warehouse spaces. The ports are also investing in office space to revitalize downtown Long Beach and create a maritime business hub. Meanwhile, mixed-use and residential developments are underway in nearby San Pedro, reflecting a broader transformation of the coastal real estate market in Southern California.

The article discusses the importance of landlords underwriting not only retail tenants but also the tenants' customers to reduce vacancy risks and improve leasing outcomes. It advocates for a proactive approach using consumer spending and market potential data to identify the local customer base and tailor tenant outreach accordingly. A case study of a vacant restaurant space in Manhattan's Lower East Side illustrates how analyzing local consumer behavior can guide landlords and brokers in targeting suitable tenants and enhancing lease success.

A vacant development site in Manhattan's West Chelsea, previously planned for a hotel and condos by PPHE Hotel Group, was sold to T&E Development for $33.5 million. The site, with significant development potential and no affordable housing requirement, is now expected to be developed as a residential condo project targeting mid-range buyers. This sale reflects changes in New York City's regulatory environment affecting hotel projects and highlights rising condo prices in Chelsea, Manhattan.

In July, commercial real estate investment sales in Los Angeles County surged, with multifamily properties leading the market by accounting for 58% of the $2.1 billion capital deployed. Multifamily sales volume and pricing saw significant increases compared to previous years. Retail properties also experienced strong growth in both square footage and dollar volume. Industrial property sales increased in square footage but saw flat dollar volume and a slight decline in pricing. Office properties were the only major type to decline in sales volume, square footage, and pricing. Overall, the market showed robust activity despite high borrowing costs.

New York City has surpassed the San Francisco Bay Area in the number of tech workers, reaching 394,300 in 2025, driven by a diversified job market and growth in AI-related office leasing. Manhattan has seen significant office space demand from AI and tech companies, including major leases by Anthropic and Airbnb. Despite this, San Francisco remains a top tech talent hub with a higher percentage of tech jobs relative to total employment and strong AI leasing activity. The report highlights New York's resilience due to its diverse tech employment across industries and lower wages attracting East Coast headquarters.

Mattone Investors refinanced Springnex Plaza, a fully occupied 96,028-square-foot supermarket-anchored shopping center in Springfield Gardens, Queens, with a $32 million loan from Principal Financial Group. The property, developed six years ago, includes tenants such as Stop & Shop, IHOP, Ashley Stewart, and Northwell Health GoHealth Urgent Care, and sits on 5.58 acres of land. The refinancing was arranged by Northmarq representatives Robert Delitsky and Charles Cotsalas, highlighting strong lender interest in supermarket-anchored shopping centers.

The U.S. development market in early 2026 is experiencing uneven progress due to rising material costs and tariffs, with strong growth in data centers, advanced manufacturing, and life sciences, while office and retail sectors lag. Supply chain constraints and tariffs on steel, aluminum, and copper have increased prices and lead times, impacting construction timelines. Despite challenges, demand for life sciences properties remains high, with increased private nonresidential construction spending expected through 2025.

Azora Private Solutions and Vizcaya Capital sold a boutique office building in Miami's Coconut Grove neighborhood for $62.3 million, nearly $15 million above their purchase price a year earlier. The buyer is linked to El-Ad National Properties, which typically focuses on residential and mixed-use developments but is expanding into office properties. The article also notes El-Ad's recent acquisitions of a condo building in Coconut Grove and an oceanfront hotel in Fort Lauderdale, highlighting strong demand for luxury residential and office spaces in South Florida.

A joint venture between Lincoln Property Company, Saber-Hightower, and Waterfall Asset Management secured $177.25 million in acquisition financing to purchase two multifamily properties in the New York metropolitan area: the 262-unit Edgewater Harbor in Edgewater, New Jersey, and the 147-unit Trilogy Lofts at Tuckahoe in Yonkers, New York. The properties are located in transit-oriented, supply-constrained submarkets with strong renter demand and feature amenities such as retail space, fitness centers, coworking spaces, and pools. The acquisition is part of a larger $450 million purchase of four tri-state region properties totaling over 4 million square feet.

Capodagli Property Company secured $82.6 million in bridge loan refinancing for Meridia Roselle Park 10, a 325-unit Class A multifamily complex in Roselle, New Jersey. This deal completes the refinancing of a 1,340-unit multifamily portfolio across five properties in New Jersey, with a total debt of $369.5 million provided by PGIM. The refinancing strategy involved breaking a previous cross-collateralized structure into separate deals to allow flexibility for permanent financing.

New York City Mayor Zohran Mamdani plans to increase housing on Staten Island by 9.5% over the next five years, aiming for about 17,675 new homes as part of a broader citywide strategy to add 700,000 new homes in a decade to address the housing crisis. The plan focuses on fair housing growth across all five boroughs, with particular attention to Staten Island's less dense South Shore and Mid-Island areas, despite some local resistance to residential development.

Planet Fitness has signed a 10-year lease for a 14,500-square-foot retail space at the base of a new residential tower in Coney Island, Brooklyn, New York. The residential complex, developed by Cammeby's International Group and Rybak Development, includes 499 units with 30% affordable housing and features commercial and community spaces. The developers are also planning to build two additional 22-story residential buildings with 703 units in the area.

Jonathan Stein, a real estate broker at Douglas Elliman, has built a successful career since 2015, handling high-value deals including the $26 million sale of a SoHo penthouse in New York City. Originally from a small farming town, Stein combines his passion for design and architecture with his real estate work. He aspires to undertake his own development project and recently closed a waterfront property deal in Sag Harbor, New York, while his client was climbing Denali in Alaska.

The article is a personal account of Mackenzie Kyle's journey as a real estate agent in New York City, highlighting the challenges and rewards of the profession. It emphasizes the importance of building relationships, adaptability, and leveraging social media for lead generation. The narrative also touches on the competitive nature of the rental market and the value of support from a strong brokerage. The focus is on residential rentals and sales in a fast-paced urban environment, with an emphasis on client service and professional growth.

Ground-up retail development in Fresno and Clovis, California, is gaining momentum due to tightening supply, stable occupancy, and a shift toward necessity-based retail formats such as grocery, medical, and daily-needs tenants. Developers are advancing projects including convenience stores and gas stations anchored by national credit tenants, supported by strong lender confidence and financing. These developments reflect steady market fundamentals despite elevated interest rates, with a focus on well-located, needs-driven retail rather than discretionary or mall-anchored concepts.

The article discusses a guide created by Atlas Invest for commercial mortgage brokers and capital advisors seeking reliable bridge lending partners for residential investment real estate. It highlights the benefits of quick term sheets and fast funding, with loans ranging from $200,000 to $7 million for property types including multifamily, mixed-use, condo, co-op, and single-family rental properties. The guide also outlines key questions to ask lenders and the underwriting process for value-add deals.

The article discusses Steven Song, founder and CEO of Diald, an AI-powered decision intelligence platform for commercial real estate (CRE). It covers various topics including the challenges of judgment-driven CRE decisions, AI underwriting, and the future of CRE analytics. The article also highlights upcoming virtual and in-person commercial real estate events focused on multifamily and single family rental sectors, with locations in New York and Florida. Steven Song is based in Los Angeles, California.

Developer Giuseppe Iadisernia secured a $50 million mezzanine loan for a 250-unit condo tower in the Oasis mixed-use development in Hallandale Beach, Florida, following a previous $112 million construction loan. The project includes residential condos, office, and retail space, with construction expected to complete next year. Hallandale Beach has seen upscale development activity, including a $273 million loan for a condo and hotel building at Shell Bay golf country club, though some projects have faced financial difficulties.

Jadian Capital purchased a 53-acre fully leased industrial outdoor storage property on Staten Island, New York, for $167 million from Kadima Industrial Partners. The site, which includes waterfront dock and train access, is leased to City Asphalt and IAA auction house. The previous owner had acquired the property in two transactions totaling $79 million and invested $10 million in capital improvements. Jadian Capital plans to continue operating the site as an industrial outdoor storage facility.

Jaime Lee, former CEO of Jamison, a prominent Los Angeles real estate developer, has joined Kennedy Wilson as senior managing director of capital markets and investments. Kennedy Wilson manages approximately $37 billion in assets and recently partnered with Jamison on a joint venture to develop 4,000 affordable housing units in Los Angeles, including converting the former World Trade Center into apartments. Lee's experience includes growing Jamison's portfolio across office, multifamily, retail, and medical properties, with a focus on office-to-residential conversions. She emphasizes the strong investment potential in multifamily housing due to constrained supply and durable demand in the current market cycle.

Rexford Industrial Realty, a Los Angeles-based industrial REIT, is selling a portfolio of properties in Southern California to EQT Real Estate for about $1.2 billion as part of a broader plan to divest $1.5 to $2 billion in non-core assets. The sale aims to improve Rexford's portfolio by focusing on properties with stronger long-term growth potential and to use proceeds for debt repayment, share repurchases, and development projects. The portfolio includes 409 properties totaling nearly 50 million rentable square feet, all located in Southern California.