Commercial real estate news: office, retail, industrial and multifamily trends, adaptive reuse, leasing, and investment across U.S. markets.
Houston-based SparrowHawk closed its largest deal to date, buying a 4.4 million-square-foot, 20-property industrial portfolio from EQT across six Midwest metros for just under $400 million.
American Healthcare REIT will pay $873 million for eight Kensington Senior Living communities in California, Maryland, New York and Virginia, per an Aug. 10 SEC filing, in a deal split across three separate closings.
1789 Capital, the investment firm where Donald Trump Jr. is a partner, has closed its debut real estate fund at $1.2 billion, targeting more than $8 billion in Sun Belt housing, industrial and data-center development, Axios reported.
A newly formed resident group has filed a 16-count lawsuit in Jackson County Circuit Court seeking to halt construction of Nebius’s AI data center in Independence, Mo., alleging the city secretly rezoned land and pushed through more than $150 billion in tax-abated bonds without proper notice.
Residential building material prices rose 5.0% year-over-year in July, the fastest pace since 2022, as softwood lumber posted its sharpest monthly gain in over a year, NAHB finds.
Elon Musk’s planned 100 million-square-foot Terafab chip factory in Grimes County, Texas has drawn organized opposition from residents worried about traffic, water use and rising costs.
Multifamily mortgage originations rebounded sharply last year as 2,530 lenders participated in the market, up from 2,463 in 2024, the Mortgage Bankers Association’s annual survey found.
Shareholders of both REITs overwhelmingly approved the merger of equals, clearing the way for Vivmark Residential to begin trading Aug. 18 as one of the largest apartment owners in the country.
The all-stock deal pushes Global Net Lease’s industrial exposure to roughly half its rent roll, immediately adding about 4% to AFFO per share as the REIT continues shedding office and retail assets.
The life-science REIT priced $1 billion of long-dated subordinated notes at a 7.25% coupon, locking in financing costs as it works through a soft patch in lab-space demand.
The construction giant will build a 237,000-square-foot data center for an undisclosed existing client, the latest in a string of similarly sized contracts across Virginia and Georgia this year.
The forward-sale structured offering will fund a pending senior housing portfolio acquisition, extending a pattern of large equity raises the REIT has used throughout 2026 to grow without adding leverage.
Bank of America has paid $155 million to buy five buildings and two parking garages it previously leased at its Southside Boulevard operations campus in Jacksonville, Florida, according to Jacksonville business press reporting Aug. 10. The sale closed Aug. 6. The purchase covers roughly 820,000 square feet across Buildings 200, 300, 400, 500 and 600 … Read more
Riot Platforms disclosed a 20-year, $9.1 billion data center lease for 191 MW of capacity at its Rockdale, Texas campus, a former Alcoa smelter site, with an AI lab tenant regional media have identified as Anthropic.
Vornado, Rudin Management and an entity tied to Citadel’s Ken Griffin will jointly redevelop 350 Park Avenue into a 1.9M-square-foot trophy tower, with Citadel signing a 15-year anchor lease as part of the $6.2 billion project.
Morgan Stanley Real Estate Investing acquired a newly built, 1.5 million-square-foot distribution facility leased to Ace Hardware in Kansas City for $158.5 million, in an off-market deal with developer Hunt Midwest.
The Washington Commanders have selected a joint venture of Clark Construction, Mortenson and Smoot Construction to build their new $3.8 billion stadium at the former RFK Stadium site, with completion targeted for spring 2030.
Capital Group is expanding its Midtown Manhattan office footprint at 345 Park Avenue with a roughly $38 million investment expected to create 200 jobs, backed by up to $3 million in New York state tax credits.
AECOM reported an $86.7 million fiscal Q3 net loss tied to a $337 million charge on a 2019 project, even as the engineering giant’s backlog climbed to a record $27.8 billion.
Infrastructure investor Stonepeak acquired an 860,100-square-foot rail-served logistics facility in Fort Worth’s Alliance submarket, extending a multiyear buying spree that now totals nearly 2.7 million square feet in the corridor since 2024.
The mall and outlet REIT lifted its full-year 2026 Real Estate FFO outlook to $13.20-$13.30 per share after occupancy held at 96% and retailer sales per square foot jumped nearly 14%.
WS Development and PSP Investments have secured a $660 million refinancing loan for One Boston Wharf, a fully leased, 708,590-square-foot office tower in Boston, Mass.’s Seaport District, retiring the project’s 2021 construction debt.
H&R REIT has agreed to sell 27 Sunbelt and New York properties to GO Residential REIT and split its remaining assets among Blackstone Real Estate and other partners in a $6.7 billion transaction expected to close in the fourth quarter of 2026.
Real Capital Solutions has launched the RCS Contrarian Office Fund, targeting $350 million to buy distressed Class A and B office buildings, with CEO Marcel Arsenault anchoring the vehicle with a $50 million personal commitment.
A staff-level permit, not a City Council vote, cleared Amazon’s $2 billion data center campus in Gilroy, California. Decades-old industrial zoning meant no public hearing was legally required.
Shores, a 544-unit waterfront apartment community in Marina del Rey, California, has sold for $170 million to affiliates of Jackson Square Properties, one of the largest multifamily transactions in Los Angeles County this year.
Canyon Partners Real Estate closed its latest opportunistic fund at about $570 million, above its $500 million target, aiming at distressed, value-add and mid-construction real estate deals.
JBG SMITH reported a $59.2 million second-quarter net loss and disclosed it has not booked a liability for a $356.1 million court judgment tied to the Wardman Tower condominium case, which it plans to appeal.
Sonida Senior Living closed a $372.5 million term loan with Ally Bank, retiring the remaining bridge debt from its CNL Healthcare Properties acquisition, as Q2 revenue more than doubled to $207.6 million.
Wentworth Institute of Technology is building a $200 million, 18-story residence hall in Boston to house its entire first-year class, developed by Balfour Beatty Campus Solutions and financed through MassDevelopment.
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