REAL ESTATE NEWS - Commercial Real Estate

Stay informed about the commercial real estate market, with a focus on office spaces, retail locations, industrial properties, and large-scale developments.

Madigan corruption trial hinges on wiretap evidence
Slip of the tongue may be turning point in Michael Madigan corruption trial tied to real estate.
Illinois House Speaker Michael Madigan corruption trial focuses on wiretap testimony and evidence.
Northland Condos to List Downtown Units at $500,000 Price Point
Northland Living to break ground on 35-story Luminary condo tower in downtown Austin this year.
Downtown Northland condominiums listed at $500,000 price point in upscale urban development.
January Real Estate: 8 Properties Sold in First Week
Clark County real estate transactions Jan. 10-23, 2025: $100,000+ deals recorded
8 properties sold in January's first week, real estate market update.
Apple's pricey Back Bay retail venture
Apple buys Boston property to control own retail space.
Apple store in Boston's Back Bay neighborhood with upscale retail design.
Music Empire Acquires San Francisco's Historic First National Bank Building
Empire buys Downtown San Francisco landmark bank branch building for $240 per square foot.
Music Empire acquires historic First National Bank Building in San Francisco's financial district.
Citadel Partners with Related Cos. on $1B+ Miami Headquarters Development
Ken Griffin partners with Related Companies to build Citadel's $1 billion Miami headquarters on the bay.
Citadel partners with Related Cos. on massive Miami headquarters development project.
Pérez Family's Related Proposes Major Expansion of Little Havana Public Housing
Related Group seeks to expand Little Havana public housing with 1,038-unit development under Florida's affordable housing law.
Little Havana public housing complex expansion proposed by Pérez family-related developer.
Facebook's Zuckerberg allocates $60B for data center expansion
Meta's capital expenditures expected to range from $60B to $65B this year.
Facebook CEO Mark Zuckerberg announces $60 billion data center expansion plan globally.
Phoenix Suns owner sells office building at discounted price
Robert Sarver's 3Edgewood Acquires Iconic Chicago Building at 600 West Chicago Avenue.
Phoenix Suns owner sells office building at discounted price in downtown Phoenix.
Soloviev Secures Billionaire's Row Development Site
Stefan Soloviev makes move on Billionaire's Row, buying 24 West 57th Street for over $67 million.
Russian billionaire Soloviev acquires prime development site on New York's Billionaire's Row.
Star Island estate sold to Joan Robins for $39 million
Joan Robins sells late husband Jerry's Miami Beach waterfront mansion.
Star Island estate sold to Joan Robins for $39 million in Miami.
Developer's massive 3,700-acre land buy to yield 7,000 new homes
Hines Acquires 3,000 Acres in Fort Bend County for 7,000-Home Community.
Massive 3,700-acre land purchase in [location] for 7,000 new homes development.
Host Hotels seeks to divest non-strategic assets worth over $1B
Host Hotels & Resorts to sell at least 10 properties as part of decade-long shift.
Host Hotels executive seeks to sell non-core assets valued over $1 billion worldwide.
North Side Tower Plan Rejected by Alderman Over 500 Units
Chicago Alderman Brian Hopkins Opposes Fern Hill's North Side Residential Skyscraper Proposal
Chicago North Side tower development rejected by alderman, 500 units proposed.
California Wildfires Threaten $40B in Residential Property Value
Median home values in Eaton and Palisades fire areas estimated at $1.3M and $3M, respectively.
California wildfires threaten multi-billion dollar residential property value in western US states.
Alpaca Real Estate Closes $50M Stifel Credit Facility
Alpaca Real Estate Closes $50M Credit Facility with Stifel Bank, Secures Anchor Capital from GCM Grosvenor.
Alpaca Real Estate CEO signs $50M Stifel credit facility agreement in New York.
Midtown Manhattan neighborhood poised for housing boom.
New plan could transform office district into vibrant, 24/7 area with nearly 10,000 new apartments.
Midtown Manhattan neighborhood prepares for housing development and construction boom.
Developer considers hotel project in rapidly expanding suburb near Phoenix
Baywood Hotels plans 135-room European-style hotel in Goodyear's new downtown area.
Hotel development considered in rapidly growing suburb near Phoenix, Arizona.
US Lawmakers Propose Restrictions on Foreign Land Purchases Near Military Installations
Senate Republicans Renew Focus on Securing US Military Bases from Foreign Adversaries.
US lawmakers propose restrictions on foreign land purchases near military bases.

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