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.

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.
Bay Area Execs Weigh Trump, Lurie Impact on CRE Recovery
Top Execs Weigh Debt Markets, Insurance Concerns and Return-to-Office Amid New Admins
Bay Area business leaders discuss Trump, Lurie's influence on commercial real estate recovery.
Hyundai America's R&D unit leases 92K sf Irvine warehouse space
Hyundai America Technical Center leases 91,600-square-foot warehouse in Irvine's LogistiCenter at Irvine II.
Hyundai America R&D unit leases 92,000 sf warehouse in Irvine, California.
Be Cautious of Escalating Real Estate Scams
South Florida is a hotspot for growing real estate fraud concerns nationwide.
Real estate agents and investors warned of escalating scams nationwide.
Divvy Homes investors face potential $1B loss in sale outcome
Divvy Homes' $1 billion sale may leave some shareholders with nothing.
Divvy Homes investors face potential billion-dollar loss in sale outcome, San Francisco.
South Florida Apartment Market: Record Completions Meet Slowing Leases
Vacant units at Elevate in Dania Beach offered with free rent and move-in credit.
South Florida apartment market with record completions and slowing lease activity.
Buchalter Appoints Seasoned Real Estate Partner as Practice Group Leader
Buchalter adds Aaron Sobaski as shareholder and chair of Irvine real estate practice group.
Law firm Buchalter appoints real estate partner as practice group leader in Los Angeles.
Ebby Halliday Cos Names Betsy Cameron as New President
Leadership change underway at Ebby Halliday Companies, with Betsy Cameron as new president and Carolyn Rosson as chairman.
Betsy Cameron, new president of Ebby Halliday Cos in Dallas, Texas.

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