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.

Former Silver Star CEO's personal portfolio gains value
Alan Hartman's Hartman Properties sold Richardson Tech Center, a four-building showroom complex located at 651 Plano Road under the umbrella of his firm.
Former CEO of Silver Star company sees personal investment portfolio increase significantly.
Two Multifamily Projects in East Austin Defy Slowdown Trend
East Austin is set to witness a surge in apartment units as builders are ready to resume multifamily development after a slowdown. Two significant projects are underway to create hundreds of new apartment units in the area.
Two multifamily buildings under construction in East Austin's thriving neighborhood landscape.
Wirtz Family Closes $23M Lakeview Multifamily Sale
Chicago Blackhawks' Owners Reduce North Side Multifamily Holdings The Wirtz family has recently sold a 139-unit apartment complex in Lakeview, marking a significant step towards their massive redevelopment project near the NHL team's home arena on the Nea
Chicago's Lakeview neighborhood multifamily property sold for $23 million by Wirtz family.
Newcomer Enters San Francisco's Apartment Market: Acquires $9.7M Hayes Valley Gem
A new player in San Francisco's apartment scene, Cypress Capital, has purchased an apartment building in a popular neighborhood for $9.7 million, marking a significant entry into the city's real estate market.
New real estate company acquires $9.7 million apartment building in San Francisco's Hayes Valley.
RSA and CHIP form a partnership
Unveiling the New York Rent Stabilization Association: A Merger of Two Powerhouses
RSA and CHIP executives shake hands in business partnership agreement signing.
Inland Empire Carwash Portfolio Sold: Progressive Real Estate Partners Completes Sale of Four Non-Operating Properties
Three Southern California-based private investors have purchased properties in Rancho Cucamonga for an undisclosed amount.
Progressive Real Estate Partners completes sale of four non-operating carwashes in Inland Empire.
Investcorp Acquires Long Island Industrial Portfolio for $96M
Bahrain-based Investcorp has made a significant industrial investment on Long Island, acquiring a five-property portfolio spanning 435,000 square feet in Suffolk County for a total of $95.8 million, according to the New York Business Journal.
Long Island industrial portfolio acquired by Investcorp in multi-million dollar deal.
Potential Residential Conversion: Vacant Tower Finds New Owner
One City Centre at 1021 Main Street in Houston has found a new owner after a lengthy struggle. Special servicer Midland has selected a buyer for the property, which has potential for residential conversion.
Vacant skyscraper in downtown area sold to potential residential developer owner.
WinnDevelopment Starts Building $51M Senior Housing Project in Worcester
WinnCompanies has started work on the Residences on Lincoln Square, a $51 million project to transform the historic Worcester Boys Club building into 80 affordable homes for families in need.
WinnDevelopment breaks ground on $51M senior housing project in Worcester, Massachusetts.
Visionworks moves to a smaller suburban office
Visionworks is moving out of its longtime downtown San Antonio office to a smaller location in Far North Central. The company will now occupy approximately 30,000 square feet in the RidgeWood Park Office Campus at 19100 Ridgewood Parkway.
Visionworks relocates to smaller suburban office building in [City/State] area.
Brooklyn Borough President Brad Lander halts $5 million NYPD contract amid kickback scandal
Comptroller Brad Lander is blocking a $5.4 million contract for MDB Development due to its criminal indictment.
Brooklyn Borough President Brad Lander halts NYPD contract amidst corruption investigation.
Irvine Allocates $13M for Administrative Office Construction
The City of Irvine has recently acquired a two-story office building for administrative use, spanning an impressive 57,300 square feet. This acquisition was made for a total of $13 million, as reported by the Orange County Register.
Irvine city council allocates $13 million for new administrative office construction project.
BTB Real Estate Investment Trust (TSE:BTB.UN) Shareholders' Earnings: A Comprehensive Analysis
Maximize Your Portfolio's Potential: Discover How to Beat Market Averages and Uncover Winning Investments
Canadian real estate investment trust BTB.UN shareholders review financial performance in Montreal.
Alexandria Real Estate Equities, Inc. Announces Third Quarter Dividend of $1.30 per Common Share for Q3 24, totaling $5.14 for the year, a 24-cent increase over the previous year's dividend.
Alexandria Real Estate Equities boosts dividend to $5.14 annually, a 5% increase. Discover how they balance shareholder returns with strategic growth investments, allocating $2.1B for development projects.
Alexandria Real Estate Equities CEO announces quarterly dividend payment in Los Angeles.
Defending Industrial Space: A Curious Office Project Encounters Challenges
Willy Pilku, CEO of Core Scaffolding, is determined to transform a neglected site in Red Hook into a modern office building. However, he faces opposition from a local City Council member who is against the project.
Industrial office building under construction in urban area encounters construction challenges.
Macerich to Showcase at BofA Securities 2024 Global Real Estate Conference
MAC to Participate in Key Investor Events in 2024: BofA Securities and NAREIT Conferences Stay updated on MAC's real estate outlook and engage with leadership at upcoming presentations. Learn about investment opportunities in the real estate sector.
Macerich executive presenting at BofA Securities 2024 Global Real Estate Conference podium.
Florida Brokerage Settles Commissions Dispute
The Keyes Company has reached a settlement in the Gibson lawsuit as the settlement fund approaches $1 billion.
Florida brokerage settles commissions dispute with investors in a financial agreement.
Data Center Developer Begins Demolition of Former Sears HQ in Hoffman Estates
Dallas-based developer begins demolition of former Sears world headquarters in Hoffman Estates
Demolition underway at former Sears headquarters in Hoffman Estates, Illinois data center development.

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