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House Passes Bill To Allow RFK Stadium Redevelopment, Potentially For NFL Return

about 8 hours ago
The House of Representatives passed a bill to hand D.C. control of the RFK Memorial Stadium site, allowing for mixed-use development and potentially bringing the NFL's Washington Commanders back to the nation's capital.

Ethereum Emerges As CRE's Preferred Crypto As Investor Interest Reignites

about 9 hours ago
Companies are filing applications to launch exchange-traded funds using ether, the favored cryptocurrency in commercial real estate, signaling a shift towards blockchain technology in the industry.

60% Of Office Vacancies Concentrated In 10% Of Buildings: JLL

about 10 hours ago
Despite record levels of overall negative net absorption, only a small percentage of office buildings are experiencing occupancy drops, with most of the vacancy concentrated in a select few underperforming properties.

Center City Needs A Reputation Boost And More Funding To Keep Its Housing Boom Going, Leaders Say

about 10 hours ago
Record numbers of new housing units were added to Philadelphia’s downtown in the wake of the pandemic, but corporate leaders believe more support is needed to sustain the rapid population influx and combat negative perceptions about the area.

Central Queens Academy to Open New Charter School in Elmhurst

about 11 hours ago
Central Queens Academy Charter School (CQA) is expanding by enrolling Kindergarteners and first graders in a new public charter school next door to its current location in Elmhurst, with the development facilitated by deals with United Construction & Development Group.

Sandman Hotel Renovations Underway In Fort Worth 7 Weeks Post-Blast

about 12 hours ago
Selective demolitions are set to begin at the Sandman Signature Fort Worth Downtown Hotel to repair damage caused by a massive explosion, with the cause of the blast still unknown and lawsuits filed against Atmos Energy and the building's owner.

MassHousing, MHIC Launch $50M Fund To Support Underrepresented Developers

about 12 hours ago
MassHousing and MHIC are launching the Equitable Developers Fund with $50M in public funding to provide financing to developers from disadvantaged backgrounds, aiming to diversify the Massachusetts housing industry.

NRIA's 'Shadow' CEO Admits To Leading $658M CRE Ponzi Scheme

about 13 hours ago
Thomas Nicholas Salzano, "shadow" CEO of National Realty Investment Advisors, pleaded guilty to spearheading a $658M Ponzi scheme and plotting to avoid taxes, admitting to securities fraud and deceptive practices that caused staggering losses for over 2,000 investors.

Reno Multifamily Trades for $43M

about 13 hours ago
Tower 16 Capital Partners acquires 209-unit multifamily property in Reno, NV for $43 million, marking its return to the state and expressing confidence in the market's future growth potential.

Fly E-Bike Signs 52K-SF Industrial Lease in Maspeth

about 13 hours ago
Fly E-Bike is establishing a presence in Maspeth, Queens by leasing a warehouse for their electric bikes, scooters, and motorbikes, with plans to expand globally.

Blackstone’s Liabilities to UC Rise as Fund Loses Value

about 14 hours ago
Blackstone Real Estate Income Trust gets deeper in the hole with the University of California due to a complex set of investment and owed returns.

Rising Stars And Leading Mentors Sought Among Denver's Women In CRE

about 14 hours ago
Bisnow is seeking nominations for Denver-area women in commercial real estate who are making significant impacts in the industry, with a focus on rising stars and mentors who have shaped the careers of others.

Mosaic Insurance Expands to 13K SF at One Grand Central Place

about 14 hours ago
Insurance startup Mosaic Insurance is moving to One Grand Central Place in New York City after outgrowing its previous office in Midtown South.

Trump Likely Forced To Sell Properties If $454M Penalty Isn't Delayed, His Attorneys Say

about 14 hours ago
Former President Donald Trump may need to sell parts of his real estate empire to pay a $454M judgment, with his attorneys requesting a stay to prevent immediate collection by New York Attorney General Letitia James.

Bank Of Ireland Director Says Resi And Retail Are Its Focus For New Lending

about 15 hours ago
Bank of Ireland reduced its exposure to the property and construction sectors by €1B last year amid higher interest rates, but remains cautiously optimistic with a focus on residential lending and retail expansion.

Coworking Brand Venture X Taking Over Multi-Floor WeWork Spot in Miami

about 15 hours ago
A new coworking space by Vast Coworking Group is set to open in Downtown Miami, taking over a former WeWork location.

Inside 'The Zoo': Barstool Sports' New Chicago Office Marries Work And Play

about 15 hours ago
Barstool Sports builds a new office space in Chicago that is part office, part playground.

New York Hedge Fund J. Goldman & Co. Signs 10K-SF Lease at New Miami Beach Project

about 16 hours ago
J. Goldman & Co. leases 10,000 square feet at The Fifth Miami Beach office development, highlighting the trend of financial firms moving to the area.

Goldman: Office Prices Need To Drop By Half To Make Conversion Viable

about 16 hours ago
Goldman Sachs report finds office properties are still too expensive for conversion into residential, hindering efforts to address housing demand.

Wellness Hub Tribe Inks Full-Building Lease in Baltimore

about 16 hours ago
Tribe fitness and wellness company signs lease for entire building in Baltimore's Mount Vernon neighborhood, set to open in April with various offerings including fitness classes and healing programs.

CenterPoint Closes Nearly $200M Industrial Acquisition in L.A.’s South Bay

about 16 hours ago
CenterPoint Properties acquires $197 million warehouse portfolio in South Bay near Long Beach and Los Angeles ports, expanding its presence in premier industrial markets.

Former Silverstein CEO Marty Burger Launches New Firm

about 17 hours ago
Marty Burger launches new firm, Infinity Global Real Estate Partners, with national ambitions following departure from Silverstein Properties.

Georgia Lawmakers Approve $392M For New Office Building, New Gold For Capitol Dome

about 17 hours ago
The Georgia government has approved $392M in spending to refurbish the state Capitol's golden dome and build a legislative office building amid high vacancy rates and construction costs.

Ex-Silverstein CEO Marty Burger Launches His Own Real Estate Firm

about 17 hours ago
Former Silverstein Properties CEO Marty Burger has resurfaced as the CEO of his own company, Infinity Global Real Estate Partners, in partnership with Island Capital Group, focusing on office-to-residential conversions and building a debt platform for renovations and new construction.

AT&T Signs 111K-SF Lease in Chantilly, Va.

about 18 hours ago
AT&T has signed a full-building lease at Stonecroft IV in Chantilly, Va., showcasing the property's amenities and strategic location.

Slate Property Group, LibreMax Capital Lend $60M on Astoria Condo Tower

about 18 hours ago
Ming’s Garden Realty secures $60.25 million in bridge financing for condominium tower in Astoria, scheduled for completion in 2025.

Office Conversion Demand is Strong, Despite Several Challenges

about 20 hours ago
Rob Palumbo, president of Cauldwell Wingate, sees high interest in converting commercial buildings to residential in challenging NYC office market.

Bay It Forward: The Case for Optimism in San Francisco Retail

about 20 hours ago
Despite challenges, the San Francisco retail market is showing signs of growth and resilience, attracting retailers, investors, and consumers alike amid changing perceptions and economic conditions in the Bay Area.

CGI Merchant Group’s Raoul Thomas On His American Dream

about 21 hours ago
Raoul Thomas, founder of CGI Merchant Group, has a diverse portfolio of projects ranging from the Trump International Hotel in D.C. to a hospitality project at Morris Brown College, all while emphasizing the importance of giving back to communities of color.

Linda Foggie Exits Citi, Joins Board of PropTech Firm OfficeSpace Software

about 22 hours ago
Industry veteran Linda Foggie has left Citigroup and joined the board of proptech firm OfficeSpace Software, bringing her expertise in real estate operations and technology integration to the company.

Multifamily Weakness Continues to Grab Attention

about 23 hours ago
The Federal Reserve's minutes highlight declining commercial real estate prices in the multifamily and office sectors, with specific examples of loans on watch lists.

This Analyst Says a CRE-Driven Financial Meltdown Is Unlikely

about 24 hours ago
Commercial real estate not likely to negatively impact banking sector or financial markets, according to Marcus & Millichap's John Chang, who says evidence shows low delinquency rates across CRE asset classes.

Macy's Downsizing Reflects Larger Retail Trends

about 24 hours ago
Macy's closure of underperforming stores provides an opportunity for strategic master planning of properties, focusing on luxury brands, smaller formats, and a shift towards curated product selections and the experiential aspects of shopping.

Bulk Warehouse Space Sees Significant Drop in Occupancy

about 24 hours ago
In 2023, the occupancy of bulk industrial space for warehouse and distribution purposes dropped significantly compared to the previous year, with vacancies rising in every region due to a combination of new developments, drop in demand, and slower transaction speed.

Healthcare Can Be a Good Candidate for Repurposed Space

about 24 hours ago
Healthcare organizations are increasingly repurposing existing commercial real estate properties, such as vacant retail stores and offices, to meet the growing demand for outpatient care facilities.

Restaurants Sales Projected to Rise 6%

about 24 hours ago
Citizens, a banking company with expertise in the restaurant industry, released a review of industry trends for 2023, highlighting strong demand, inflation management, wage trends, and growth projections for the food and drink industry.

Blackstone Drops Appeal of Rent Stabilization at StuyTown

1 day ago
Blackstone drops appeal, Stuyvesant Town-Peter Cooper Village apartments to remain rent-stabilized.

California Court Rules Against County's Use of CEQA to Block Project

1 day ago
A state appeals court ruled that San Diego County cannot delay a development project using CEQA, citing the project's compatibility with the county's general plan.

San Diego County Case Could Throw Wrench In Using CEQA To Stop Development

1 day ago
A recent state appellate court ruling may make it more difficult to use the California Environmental Quality Act to stop projects that meet local zoning rules, impacting the ability to delay new developments.

Private Equity Lenders Make Hay As Banks Remain Cautious On Development

1 day ago
Private equity-backed debt funds are becoming major players in the UK real estate market, providing significant loans for large-scale development projects in areas such as co-living schemes and student accommodations to fill gaps left by traditional banks.

WeWork Reaches Deals With NYC, Boston Landlords To Keep More Locations Open

1 day ago
WeWork has amended leases in New York City and Boston as part of its efforts to emerge from Chapter 11 bankruptcy, negotiating rent reductions, space reductions, and payment agreements with landlords.

Xfinity Live! Unveils Plans For $12M Reno Ahead Of World Cup

1 day ago
Xfinity Live! in South Philadelphia's sports complex district is set to undergo a $12M renovation in anticipation of the FIFA World Cup matches at nearby Lincoln Financial Field, with additional plans for a larger community development outlined by Comcast Spectacor.

GFP Real Estate signs Incubeta US Corp to 2,133 s/f lease

1 day ago
Incubeta US Corp. signs five-year lease for office space at 200 Varick Street in Manhattan's Hudson Square neighborhood, moving from its current location at 101 Greenwich St. with plans to relocate by late Spring 2024.

JLL completes full floor lease at 71 Fifth Ave.

1 day ago
Venture capital-backed AI video company Captions leases full floor at repositioned office building in Manhattan's Union Square and Flatiron neighborhood.

Marcus & Millichap brokers $13.8 million sale of historic buildings

1 day ago
Marcus & Millichap completes sale of two historic buildings in Brooklyn for $13.8 million, showcasing high demand for vacant properties in North Brooklyn.

NYC Overspending by 237% on Some No-Bid Migrant Shelter Contracts, Comptroller Says

1 day ago
The city of New York has spent significantly more on no-bid shelter and emergency services contracts for asylum seekers, leading to inefficiencies and higher costs, according to a report from City Comptroller Brad Lander's office.

With Permanence Pending, ED1 Faces Familiar Affordable Housing Roadblocks

1 day ago
Mayor Karen Bass' executive directive ED 1 has streamlined the approval process for affordable housing projects, leading to the approval of over 9,000 units, but challenges and complications are arising as the city looks to make the directive permanent.

Law Firm Rolnick Kramer Sadighi Signs on for 5K SF at Penn 1

1 day ago
Securities litigation firm RKS is moving its headquarters to Vornado Realty Trust's Penn 1, doubling its office space.

Gov. Healey Plans To File Economic Development Bill This Week Aimed At Keeping Mass. Competitive

1 day ago
Gov. Maura Healey is preparing to file an Economic Development Bond Bill focusing on industries like life sciences and AI to boost state competitiveness and attract businesses, while also promoting her $4B housing bill.

Aventura Brightline Station Attracts Another Big Apartment Proposal

1 day ago
Developers in the Ojus neighborhood of Aventura are leveraging the Brightline station, with a new proposed 16-story apartment building including workforce housing units and amenities such as a pool deck, fitness center, and coworking space.

A Rare Example of Medical Office and Life Sciences Coexisting

1 day ago
Investment models can help investors specialize in specific areas such as medical office and life sciences, but may leave them behind when hybrids like the new medical research center at Weill Cornell Medicine emerge.

CLO Loan Secured by Fort Lauderdale Office Tower Enters Special Servicing

1 day ago
Alliance HP is facing distress on its One Financial Plaza office tower in Downtown Fort Lauderdale due to default on a floating-rate debt loan, originally acquired in 2019.

MacKenzie and InspiRE Form Alliance to Help With Distressed Properties

1 day ago
MacKenzie Companies and InspiRE CRE have created Asset Adversity Group to provide advice on distressed real estate assets, targeting small to mid-size banks in Washington, D.C., and the mid-Atlantic region with assets valued between $5 million and $50 million.

FTC Sues to Block Kroger, Albertsons Supermarket Merger

1 day ago
The FTC is suing to block the $25B merger of Kroger and Albertsons, citing concerns of higher prices for consumers and lower wages for workers.

Macy’s Plans to Close 150 Stores Over the Next Three Years

1 day ago
Macy's plans to close 150 stores over the next three years, aiming to shrink retail footprint by 25% in order to regain market share and improve customer experience.

Bills Weakening Protections for Historic Miami Beach Buildings Face Last Hurdles

1 day ago
The Resiliency and Safe Structures Act would make it easier for owners to tear down historic properties in parts of Miami Beach, sparking criticism from preservationists and concerns about the impact on coastal heritage.

Historic Long Beach Hotel Nabs $122M Refi

1 day ago
A historic hotel in Long Beach secures major refinancing for renovation and reopening efforts, including C-PACE financing for energy-efficient projects.

Elon Musk's X Finds Subtenant For Part Of Chelsea Office

1 day ago
X Corp. has found a tenant for part of its Chelsea office space, with fintech company MoneyLion subleasing over 35K SF, in a deal represented by CBRE amid challenges faced by the building's owner.

Former Blackstone, Deutsche Bank Exec Jonathan Pollack Is Starwood Capital's New President

1 day ago
Jonathan Pollack, a real estate veteran, is joining Starwood Capital as president, taking over from current President and COO Jeffrey Dishner in early 2025.

Bisnow Wants To Hear About The Austin Women Leaders Forging The Trail In CRE

1 day ago
Bisnow is seeking nominations for women in top leadership roles in commercial real estate for their annual Austin Women Leading Real Estate event, celebrating inspiring and effective female leaders in the industry.