Two apartment complexes in Palm Beach County, Florida, changed ownership with contrasting outcomes: PGIM Real Estate sold The Quaye at Palm Beach Gardens for $131.8 million, realizing an 11.4% gain, while The Shidler Group transferred SeaLofts at Boynton Village to Harbor Group International in lieu of foreclosure for $79 million. Both properties are gated multifamily communities with a range of unit sizes and rents. These transactions highlight the mixed dynamics in South Florida's multifamily market, which has seen strong demand and rent growth amid rising supply and increased costs. Palm Beach County's multifamily investment sales volume reached $1.9 billion in 2022, with slightly lower figures in 2023 and 2024.

Developer Frank McCourt and Discovery Land Company proposed building 27 homes and a country club with equestrian facilities on 79 acres in Wellington, Florida's equestrian preserve, but the plan was rejected by village officials due to concerns it did not align with the village's comprehensive equestrian-focused plan. The project included a private club, polo field, and horse-related amenities, aiming to preserve equestrian use, but critics argued it prioritized the country club over equestrian preservation. The developer may pursue legal action for rezoning denial under Florida's property rights law.

In-N-Out Burger is relocating its headquarters from Orange County to a 98,000-square-foot office building in San Dimas, Los Angeles County, California, marking a significant office lease in the area. The company also owns warehouse and office properties in Baldwin Park and Irvine, California, and plans to open a 100,000-square-foot office near Nashville, Tennessee, to support expansion in the Southeast. The Tennessee office will serve as a regional hub, while the corporate headquarters remain in California. In-N-Out operates about 400 restaurants across nine states without franchises.

The San Francisco Board of Supervisors approved a five-year delay on a fire sprinkler installation requirement for pre-1974 condominium buildings, affecting about 9,800 units in the city. The ordinance, part of the updated fire code, mandates fire sprinklers in older buildings to enhance fire safety but has faced criticism due to high installation costs and lack of financial impact analysis. The delay aims to study the feasibility and financial burden on residents, with some calling for the ordinance's complete repeal. The full Board must still approve the extension until 2032.

Apple is expanding its manufacturing operations in Houston, Texas, by doubling its local output and launching a 20,000-square-foot advanced training facility focused on AI and advanced manufacturing. The expansion includes producing Mac Minis domestically and assembling AI servers for Apple data centers, creating thousands of jobs and partnering with local colleges to provide educational pathways. This move is part of Apple's broader $600 billion U.S. investment plan to domesticize its supply chain and establish Houston as a hub for AI-driven industrial activity.

A Florida state representative introduced an amendment to a bill that would limit Miami Beach's authority to regulate upgrades at large destination resorts, specifically targeting Fontainebleau Miami Beach, a major hotel. The amendment would require local governments to approve variances and special exceptions administratively for resorts meeting certain criteria, bypassing local historic preservation boards. This move has sparked opposition from Miami Beach officials and residents concerned about the erosion of local regulatory power and historic preservation protections. The bill could also affect other large resorts in Florida.

Matthew Jemal of Douglas Development is actively purchasing distressed office properties in Washington, D.C., acquiring nearly 600,000 square feet across four buildings for $89.3 million amid a downtown market slump. His family has been selling off other assets and facing foreclosures, reflecting a 47% drop in property values over five years. Jemal Equities targets urban office buildings at steep discounts, renovating and leasing them quickly, continuing the family's legacy of investing in overlooked properties in the area.

The Illinois Quantum and Microelectronics Park (IQMP) in South Chicago is advancing as a global hub for quantum computing development, supported by $500 million in state funding and anchored by tenants like PsiQuantum, Pasqal, IBM, and Diraq. The 128-acre site aims to attract international companies and foster a diverse technology ecosystem to build utility-scale quantum computers. Illinois leads the U.S. in federal quantum technology funding, and the project is expected to create significant employment growth in quantum-related fields. The initiative highlights Chicago's potential as a first-mover in the quantum computing industry, with strong academic and industrial collaboration.

Shanghai has relaxed homebuying restrictions for non-residents, reducing the required period of social security or tax payments to one year for first-time buyers and allowing second home purchases after three years of payments. Beijing and Shenzhen are expected to follow suit. These measures aim to stimulate the housing market amid declining sales and property values in China, with additional government efforts including tax reductions and potential mortgage subsidies to boost home sales and stabilize prices.

Real Brokerage has attracted another high-producing real estate team in the Houston area, marking its third team acquisition in Texas this year. The Garcia Group, based in The Woodlands near Houston, joined Real after previously working with Keller Williams and Compass Houston. The team specializes in luxury home transactions, with many listings under $1 million, and values Real's technology focus and favorable commission split. Texas remains a competitive market with high-value homes in Houston neighborhoods and suburbs like The Woodlands.

Modern Spaces, a New York-based boutique brokerage specializing in residential sales and leasing with some commercial deals, has expanded to Miami by opening an office in Wynwood. The firm plans to grow its local team and is involved in pre-leasing a 300-unit apartment project in Edgewater. The expansion coincides with expectations of a significant second wave of out-of-state migration to South Florida, driven by companies and individuals relocating from states like California and New York, amid favorable political and tax conditions in Florida.

Manulife has listed the 40-story office tower at 55 West Monroe Street in downtown Chicago for sale, a building that is over 80% vacant and could be converted into apartments, hotel rooms, or a hybrid use. The property, originally purchased for $243.3 million in 2014, is expected to sell for significantly less than replacement cost, reflecting the challenges in the office market and the city's efforts to revitalize the area through conversions and incentives. This sale follows Manulife's recent discounted sale of another Loop office tower, signaling a shift in their downtown Chicago office holdings.

The SLS Beverly Hills hotel in Los Angeles, located near Beverly Hills and West Hollywood, is on the market with an estimated price of over $200 million. The 297-room hotel, owned by Sunrider International and designed by Philippe Starck, underwent a $22 million renovation and has a 74% occupancy rate with revenues around $42-$43 million in recent years. The asking price reflects a per-key cost of over $670,000, which is higher than a nearby West Hollywood hotel but lower than a record Malibu hotel sale. The listing has changed hands between Mohr Partners and JLL, with no current comments from the owners or brokers.

The U.S. General Services Administration (GSA) and Department of Agriculture (USDA) are planning to dispose of the mostly vacant Agriculture South office building in Washington, D.C., as part of efforts to downsize federal real estate holdings. The 2 million-square-foot building, which is over 85% vacant and has a large maintenance backlog, may be sold, transferred, donated, demolished, or redeveloped. This move aligns with broader government plans to relocate federal agencies outside the D.C. area to reduce costs and improve efficiency.

Irving Langer, a major apartment landlord primarily in New York, faces multiple lawsuits totaling over $30 million from partners, lenders, and creditors due to financial struggles exacerbated by rent law changes and rising interest rates. His real estate holdings include rent-stabilized and market-rate apartments, office properties in New Jersey, and nursing homes in Arizona. Legal disputes involve unpaid loans, broker fees, and allegations of fraudulent transfers and insolvency. Langer's complex partnerships and personal guarantees have led to foreclosures, appeals, and ongoing litigation, with properties in New York, New Jersey, Florida, and Arizona implicated.

Tishman Speyer and Singapore’s sovereign wealth fund GIC are selling CitySpire, a 70-story office tower in Manhattan, New York, for $135.7 million. The office portion, which is 98% leased and spans 24 floors, was upgraded five years ago. The sale is expected to close within 30 days with financing being arranged by Newmark. The building was originally developed in 1990 and includes major tenants such as a law firm and Tishman Speyer’s co-working company. Additionally, GIC and Abu Dhabi Investment Authority invested $1.6 billion in Vantage Data Centers’ Asia-Pacific platform, and Delshah recently sold a large apartment complex in Staten Island, New York.

Blackstone is acquiring a 16-property portfolio of grocery-anchored retail shopping centers in Texas for $441.5 million, financed by a commercial mortgage-backed securities loan and equity. The portfolio includes nearly 1.9 million square feet across Houston, Dallas-Fort Worth, and San Antonio, anchored by major grocers like H-E-B and Kroger, and is over 96% occupied. This acquisition aligns with Blackstone's broader strategy of investing in grocery-anchored retail properties, including recent purchases in California and Hawaii.

A lawsuit has been filed against the Texas Department of State Health Services for allegedly failing to enforce safety regulations at Camp Mystic in Kerr County, Texas, where a flash flood killed 27 campers and counselors. The lawsuit claims the agency ignored inadequate emergency plans and allowed the camp to operate in a high flood-risk area for years. Despite the tragedy, Camp Mystic is accepting applications for 2026, prompting calls from Texas officials to halt enrollment until safety issues are addressed. Multiple lawsuits related to the flood deaths are ongoing.

Eldad Gothelf, leader of the real estate practice at Kasirer, discusses navigating government and private sector collaboration in New York City real estate development. He highlights challenges and opportunities related to zoning changes, the Affordable Housing Appeals Board, and the 485x tax incentive program, emphasizing the need for coalition support and alignment of stakeholder priorities. Gothelf notes the new mayoral administration's pro-housing stance and the importance of continued collaboration among public sector, private developers, unions, and communities to address the housing crisis and promote development.

San Francisco has become the most expensive U.S. market for two-bedroom apartments, with a median rent of $5,120, surpassing New York for the first time since 2023. The city also experienced the highest annual rent growth for one- and two-bedroom apartments, driven by demand from tech and AI industry workers and a return to in-office work. This trend contrasts with nationwide declines in rental prices for similar units.

Planet Fitness plans to open 180 to 190 new gym locations in 2026, matching its 2025 expansion of 181 new clubs. The company is focusing on franchise partnerships and acquiring existing gyms to expand efficiently, particularly in competitive retail real estate markets. Most new openings will occur in the second half of 2026, with a strong emphasis on the fourth quarter. Planet Fitness is also expanding internationally, signing a franchise agreement to open clubs in Mexico. The company ended 2025 with 2,896 clubs globally and continues to leverage retail bankruptcies and franchisee acquisitions to grow its footprint.

President Donald Trump addressed housing affordability in his State of the Union, focusing on his administration's proposal to ban large investment firms from buying thousands of single-family homes to prioritize homeownership for individuals. He highlighted a case from Houston and called for Congress to make the ban permanent. Trump also mentioned efforts to protect homeowners from rising electricity costs amid increased data center construction by tech companies, promoting a rate-payer protection pledge to balance power access and cost.

Novartis is set to build a 46,000 SF radioligand therapy manufacturing facility in Denton, Texas, as part of its $23 billion plan to expand U.S. research and manufacturing. The $280 million project includes significant facility improvements and equipment investments, supported by a $3.2 million incentive package from Denton. The facility aims to create at least 150 jobs in bioengineering, advanced manufacturing, quality, and operations, contributing to Denton's growing life sciences sector and economic development.

GO Residential REIT is acquiring three residential apartment towers in New York City, including Ivy Tower and two buildings on West 35th Street, for a combined total of over $380 million. The properties include a 45-story complex with 320 apartments and two 12-story towers with 186 and 118 units respectively. The acquisition is funded through cash and stock, with Newmark representing the sellers and seeking leverage on the acquisition debt.

The U.S. General Services Administration plans to sell the Agriculture South office building in Washington, D.C., a 2.2 million square foot property vacated by the USDA, to reduce federal real estate costs and potentially catalyze economic development in Southwest D.C. The building, largely vacant and constructed in the 1930s, could be redeveloped for residential or mixed-use purposes. Other large government buildings in the area are also slated for sale, as agencies relocate outside the city, impacting local jobs and prompting discussions on repurposing these federal properties.

The Chicago Bears are pursuing legislation to support a privately financed domed stadium and a $5 billion mixed-use development in Arlington Heights, Illinois, with a focus on securing a stable property tax structure. Meanwhile, Indiana is advancing a publicly funded stadium proposal in Hammond, increasing competition. Chicago's Park District is requesting $630 million to renovate Soldier Field and improve surrounding infrastructure, potentially complicating Illinois lawmakers' support for the Bears' suburban stadium plan. The situation involves complex funding negotiations and political considerations between Illinois and Indiana.

Senate Democrats introduced the American Homeownership Act to limit institutional investors in the single-family housing market by eliminating tax breaks for large corporate buyers and restricting federally backed mortgages for such investors. The bill aims to reinvest savings into affordable housing and construction, with exceptions for small landlords and multifamily developers. This proposal contrasts with the Trump administration's call for a ban on investors owning 100 or more single-family homes, highlighting ongoing legislative efforts to address housing affordability and investor influence.

The data center market in Southern California is expected to nearly double in capacity due to rising AI demands, despite challenges posed by California's stringent regulatory environment and high electricity costs. Developers are strategically sizing projects to avoid extensive state oversight, while legislative efforts like Senate Bill 58 aim to incentivize sustainable energy use in data centers. Although California faces hurdles in approval processes and cost competitiveness compared to states like Texas and Virginia, the demand for data center space remains strong and growth appears necessary.

Ian Bruce Eichner and his daughter Allie Eichner are developing a wellness-focused condo project called 12000 Sport & Wellness Waterfront Residences in North Miami. The 20-story building will feature 262 units including condos, penthouses, and townhomes with extensive wellness amenities such as a fitness center, spa, indoor pickleball courts, and a marina. The project follows a $48.5 million bulk buyout of the existing property and aims to capitalize on the growing trend of wellness-oriented residential developments in Miami. Other similar projects in the area include House of Wellness in Brickell and Well Coconut Grove, both emphasizing health and wellness amenities.

Midway Development Group has filed a $301 million lawsuit against the city of Hutto, Texas, and its officials, alleging breach of contract and other claims after the city halted negotiations on a large mixed-use development project called the Cottonwood Tract. The project was planned to include apartments, townhomes, retail, restaurants, parks, sports facilities, and a school site, aiming to boost the city's tax base. The dispute centers on financing issues, delays, and alleged pressure to pay a third-party firm, with the city citing lack of progress as the reason for stopping the project.

A dispute between Tyler Technologies and Cook County Treasurer Maria Pappas has escalated amid delays in modernizing Cook County's property tax system, causing billions in delayed tax distributions and financial strain on public agencies like Chicago Public Schools. The conflict involves accusations of bullying and mismanagement, highlighting the challenges and high stakes of public sector technology upgrades in Illinois.

American Express announced plans to build a 2-million-square-foot, 55-story office tower at 2 World Trade Center in New York City, developed by Silverstein Properties with Foster + Partners as the architect. The building will accommodate up to 10,000 employees, feature outdoor terraces and gardens, and aim for LEED certification. Construction is expected to start in 2024 with completion targeted for 2031. The Port Authority owns the land and has a 99-year ground lease with Silverstein. American Express will retain its current headquarters at 200 Vesey Street until the new tower is completed, after which it may relocate.

San Francisco is experiencing a significant shortage of single-family homes and condos, driven by a surge in demand linked to the artificial intelligence boom and anticipated IPOs from major AI companies headquartered in the city. Active listings have dropped about 20% year-over-year, with many properties selling quickly and often above asking price. This market dynamic is reminiscent of the late 2010s tech IPO-driven housing surge, and if the current wave of AI IPOs materializes, the housing shortage could intensify further, increasing competition among buyers.

Northwell Health's property holding entity has signed a 10-year lease for an 8,059-square-foot medical office space in the Forester building located in Forest Hills, Queens, New York. The space will serve as an extension of the Northwell Health OB-GYN clinic and is part of a mixed-use building primarily occupied by medical offices. The lease reflects strong demand for transit-oriented medical office space in the area.

Apple is expanding its manufacturing footprint in Houston, Texas, by building a 20,000 square foot Advanced Manufacturing Center to produce Mac mini computers domestically for the first time. The facility will also serve as a training center to develop advanced manufacturing skills among students, supplier employees, and businesses. This initiative is part of Apple's broader $600 billion U.S. investment plan, which includes creating thousands of jobs and doubling the campus size. The move aligns with recent trends of onshoring manufacturing operations in the U.S., driven by trade policies and tariffs.

MDH Partners, an Atlanta-based investment firm, acquired a seven-property industrial portfolio spanning five states for $105 million. The portfolio includes a 410,000-square-foot warehouse in Chino, California, and six other industrial properties located in Texas, Utah, and Tennessee. The properties total 1.6 million square feet and are 91 percent leased to 13 tenants. This acquisition expands MDH's presence in Southern California and Salt Lake City, targeting markets with strong economic fundamentals and long-term growth potential.

Citigroup has committed $60 billion over the next five years to create or preserve at least 250,000 affordable housing units across the United States through loans for acquisition, construction, rehabilitation, and long-term financing. This effort nearly doubles their previous five-year affordable housing loan activity and includes $50 million in grants to support nonprofits and research on housing challenges. The initiative aims to address the significant shortage of affordable housing, which affects millions of low-income renters nationwide, amid broader economic concerns and policy debates about housing affordability and corporate homeownership.

In Los Angeles County, there was a significant increase in signed contracts for high-end residential properties, including single-family homes and condos, with 28 properties going into contract totaling $265.4 million in asking volume. Notable deals include a $34.5 million Italian-inspired single-family home in Beverly Hills and a newly built $18.5 million home in the Beverly Hills Post Office area. These luxury properties feature extensive amenities and have seen price adjustments since their initial listings.

Starwood Property Trust had a strong 2025, deploying $12.7 billion in capital and ending the year with a record $30.7 billion in assets, primarily in commercial real estate loans. The firm reported increased net income but a decline in distributable earnings and did not cover its dividend, though it maintained payouts. Starwood shifted its portfolio focus away from office properties toward multifamily and industrial, which made up 72% of its 2025 originations. The company anticipates continued growth and stabilization in commercial real estate lending in 2026, with a loan portfolio expected to reach $17 billion by the first quarter.

The article discusses the significant financial contributions from Texas real estate industry players to candidates in the upcoming Texas Republican and Democratic primaries for U.S. Senate, Attorney General, and Comptroller. Key donors include prominent developers, brokers, and real estate executives supporting various candidates, with a focus on how these races could influence real estate-related policies and regulations in Texas. The donations highlight the industry's interest in shaping state leadership that will impact property laws, taxes, and investment regulations.

Global Holdings secured multiple large refinancing loans totaling over $1 billion for several high-profile properties in New York City, including the NoMad Tower office building, Anagram Columbus Circle luxury residential building, a Netflix-leased Union Square office, and Anagram NoMad. These loans were provided by major lenders such as Wells Fargo, JPMorgan Chase, Sumitomo Mitsui Trust Bank, DekaBank, and Crédit Agricole. The properties have attracted notable tenants from tech, fintech, communications, and entertainment sectors, and have undergone significant renovations and rebranding efforts.

Lily Rabe and Hamish Linklater are relisting their modern-style home in the Los Feliz neighborhood of California for $2.9 million due to their relocation to the East Coast. The four-bedroom, five-and-a-half-bath property spans 3,457 square feet and features amenities such as a pool, office, and outdoor entertaining spaces. The home was previously listed in 2019 but was withdrawn due to the pandemic. Recent high-value sales in the area highlight the strong market for residential properties in Los Feliz.

Newmark reported better-than-expected fourth-quarter earnings driven by growth in capital markets, commercial mortgage originations, investment sales, and management services. The company highlighted strong activity in the office, retail, multifamily, and senior living sectors, and views artificial intelligence as a growth accelerant. Newmark expects continued double-digit growth in 2026 amid favorable market conditions.

Josh Schuster, a real estate developer formerly of Silverback Development, has decided to plead guilty to charges of securities fraud involving a $10 million Ponzi-like scheme. He allegedly promised investors stakes in projects in Gramercy Park, Long Island City, and the Bronx but misused the funds for personal expenses and to pay earlier investors. Schuster was arrested in Florida and faces up to 20 years in prison. The Securities and Exchange Commission is also pursuing a case to recover the misappropriated funds.

The article reports on the resumed sex trafficking trial of the Alexander brothers, focusing on testimony from a woman alleging she was raped by Alon Alexander in Israel in 2016. The woman described meeting Alon in New York City and later being assaulted at his Airbnb in Tel Aviv. The trial includes multiple allegations against the brothers, with prosecutors planning to call additional witnesses, including a real estate agent involved in leases in the Hamptons. The case involves complex testimonies and legal arguments, with one juror dismissed due to travel issues.

Immocorp Capital, through its joint venture BEKO Equities with O.D. Kobo, is making a $430 million bid to acquire two waterfront condo buildings in West Palm Beach, Florida: the 140-unit Portofino South Condominium and the 39-unit Flagler Yacht Club condo. This offer marks a significant increase from previous bids and reflects growing competition for waterfront development sites in the area. The deal faces mixed reactions from unit owners and is part of a broader trend of developers targeting aging coastal condos amid new structural regulations following the Surfside collapse. Immocorp is also involved in other South Florida mixed-use and multifamily projects.

New York lawmakers have introduced the New York City Small Business Rent Stabilization Act at the state level, aiming to impose rent control on small retail commercial tenants and create an oversight board to regulate rent increases and lease renewals. The bill faces opposition from brokers and real estate groups who argue it could reduce property values, limit investment, and ultimately harm small businesses by discouraging landlords from renting to mom-and-pop tenants. The legislation seeks to protect small retail businesses amid economic challenges, contrasting with the strong presence of luxury and chain retailers in New York City.

American Express and Silverstein Properties have finalized a deal for AmEx to be the sole anchor tenant at the new 2 World Trade Center in Lower Manhattan, New York. The nearly 2 million-square-foot office building, designed by Foster + Partners, will serve as AmEx's global headquarters and accommodate 10,000 employees. The project is expected to create thousands of union construction jobs and provide significant economic benefits to New York City, with completion scheduled for 2031.

American Express is relocating its global headquarters to 2 World Trade Center in New York City, becoming the sole owner and occupant of the nearly 2 million square foot office tower. Construction is set to begin in spring with completion expected by 2031. The 55-story building, designed by Foster + Partners, will be the second tallest in Lower Manhattan and is part of the ongoing redevelopment of the World Trade Center complex by Silverstein Properties. This move reflects a significant investment in New York's office market amid a shortage of large office spaces and follows similar large-scale office developments in the city.

Berritto Family Office expanded its South Florida portfolio by acquiring three mixed-use office and retail properties in Boca Raton for $92.7 million. The properties, including Boardwalk, City National Bank Plaza, and Grove Centre, feature a variety of tenants and are located in a high-demand suburban market with limited new supply and steady population growth. Boca Raton remains an active submarket with ongoing development projects such as a new condominium and fitness center and a mixed-use complex receiving significant construction financing.

The former Houston headquarters of Spectra Energy, a 614,000-square-foot office building at 5400 Westheimer Court, has been flagged for special servicing due to imminent monetary default on a $52.5 million commercial mortgage-backed securities loan. The building has been vacant since 2022 after Spectra Energy moved operations, though rent has continued to be paid. The loan, securitized by JP Morgan and currently held by PTAD Realty, was transferred to special servicing in January 2025 and has a maturity date in October 2027. Houston's office market is slowly recovering from the pandemic with vacancy rates slightly improving, but absorption remains negative, encouraging opportunistic purchases of undervalued office properties.

The article discusses New York City's affordability crisis and the challenges posed by Mayor Zohran Mamdani's proposal to raise property taxes on multifamily rental housing. It highlights the financial pressures on multifamily buildings, especially affordable and rent-regulated housing, due to rising costs and constrained revenues. The article argues that increasing property taxes would worsen the situation by limiting resources for maintenance and preservation, potentially leading to disinvestment and deterioration. It advocates for alternative reforms to support housing stability without burdening tenants or owners, emphasizing the importance of preserving multifamily housing as the backbone of the rental market in New York City.

The article highlights several high-value real estate transactions in South Florida, including a $15 million condo sale in Miami Beach, a $13 million commercial property purchase in West Palm Beach, and a $13.2 million mansion sale in Coral Gables. It also notes a waterfront residential vacant lot in Surfside trading for $13.9 million. Additionally, the article discusses the tepid growth of U.S. housing prices in 2025, with inflation erasing gains despite a record high in the previous summer.

Jiazhao "Frank" Chen, owner of a rooftop restaurant space in Chicago's Lake Point Tower, is facing foreclosure lawsuits on 11 properties in Chinatown and Bridgeport, Illinois, tied to $23.4 million in mortgage debt. The properties are mostly small multifamily rental buildings, some with retail space, and were purchased between 2023 and 2024. Lenders have sought to appoint a receiver to manage the distressed properties after Chen stopped making mortgage payments. The properties include several addresses in Chicago neighborhoods such as Chinatown, Bridgeport, and McKinley Park.

A 19-story residential project with up to 210 housing units and ground-floor retail is proposed for a parking lot at 375 Lafayette Street in Noho, New York City. The project requires approval from the Landmarks Preservation Commission due to its location in a historic district, facing opposition over its scale and design. The development aims to benefit from property tax breaks by splitting the building into two parts. The article also discusses recent changes in New York City's housing approval process, including expedited reviews and new historic district designations, as well as other notable real estate transactions and developments in the city.

CitySpire, a 70-story office and condo tower in Midtown Manhattan, New York, has been sold by Tishman Speyer and GIC to Delshah Capital and A.M. Property Corp. for $135.7 million. The building, which opened in 1990 and combines luxury condos with office space, underwent a $20 million capital improvement plan in 2020. The office portion is currently 98 percent leased to various tenants. The sale was arranged by Newmark and is expected to close within 30 days, with acquisition debt being sourced for the deal.

The article discusses the sale of a 46-unit affordable apartment building in Chicago's Kenwood neighborhood by landlords Raphael and Ari Lowenstein, who sold it for $11.7 million after purchasing it for $6.1 million in 2020. The building, which is 91% occupied with tenants supported by housing vouchers, has undergone upgrades but the owners have faced challenges with code violations and loan delinquencies on other nearby properties. Despite these issues, the Lowensteins have resolved some problems, secured new financing, and sold another apartment in Bronzeville for $4 million. The article also highlights the revitalization efforts in Bronzeville and Woodlawn neighborhoods, including new developments and rising home values.

Several new building applications, alterations, and demolitions were filed recently in New York City, including large residential projects in the Bronx and East Williamsburg, commercial and office conversions on Governors Island and Kew Gardens Hills, and industrial demolitions in Hunts Point and Hudson Square. The projects involve residential apartments, retail conversions, office spaces, and industrial properties.

In New York City, 115 real estate transactions totaling $361 million were recorded within 24 hours on February 24, 2026. Notable deals included a $12.5 million condo sale at 25 Columbus Circle, a $53 million purchase of a vacant development site in Chelsea by Toll Brothers, a $17.9 million sale of a luxury retail building in Soho, and a $7.3 million sale of a two-family townhouse in Park Slope. The condo market continues to see strong cash buyer activity, with over one-third of purchases made without mortgages in 2025, slightly down from 2024.

The Willow is a 19-story, 69-unit luxury condominium located at 201 East 23rd Street in Manhattan's Gramercy Park neighborhood, New York. Developed by the Naftali Group, the building features one- to four-bedroom units with prices starting at $1.2 million for one-bedroom homes and $2.07 million for two-bedrooms, which are the only units currently available. The building offers extensive amenities including a rooftop dining and lounge area with a planted willow tree, a speakeasy-style wet bar called the Mermaid Room featuring a salvaged mermaid medallion, a ground-floor library, landscaped courtyard garden, fitness center, sauna, movie room, and music space. The exterior design by CookFox Architects incorporates charming arched windows and brickwork to complement the boutique neighborhood feel. The Willow was over 65 percent sold at the time of publication, with move-ins expected to begin in the spring.