Commercial real estate news: office, retail, industrial and multifamily trends, adaptive reuse, leasing, and investment across U.S. markets.
Cushman & Wakefield posted record second-quarter leasing and services revenue, with adjusted EBITDA up 14% and full-year guidance raised, even as capital markets revenue dipped and GAAP net income fell.
Catalyst Healthcare Real Estate and Nuveen Real Estate announced a $400 million equity joint venture to fund roughly $1.3 billion in medical office and specialty healthcare developments from 2026 to 2028.
Alexandria Real Estate Equities reported a Q2 2026 net loss of $0.43 per share and $222.5 million in impairment charges, but leasing volume rose 60% sequentially and the life-science REIT held its full-year FFO guidance steady.
Data center construction starts reached $58.1 billion year to date through May across 91 projects — more than four times the prior-year record pace — according to ConstructConnect. May starts alone totaled $7.9 billion. These are tracked construction starts using ConstructConnect’s proprietary methodology, not a measure of total industry spending. Key facts The average project … Read more
Millrose Properties, the land-banking company spun off from Lennar, reported $9.7 billion in homesites under option and disclosed a role financing Dream Finders’ hostile pursuit of Beazer Homes.
Tishman Speyer acquired the 296-unit Berkshire Dilworth apartment community from Berkshire Residential, its first purchase in Charlotte, N.C., through its TS Plus core-plus fund.
Ares Commercial Real Estate reported $4.4 million in Q2 net income and $130 million in new loan commitments, while its credit-loss reserve and secured borrowings both grew during the quarter.
Henderson Park and Lowe bought the 1 million-square-foot mall from Unibail-Rodamco-Westfield and the Canada Pension Plan Investment Board, ending Westfield’s decades-long ownership of the South Bay property.
The Federal Reserve’s July 2026 Senior Loan Officer Opinion Survey shows banks eased commercial real estate lending standards in the second quarter, while loan demand stayed largely flat.
Manhattan tenants leased 3.87 million square feet of office space in July, up 28 percent year over year, with Midtown South driving nearly half the activity as availability hit a six-year low, Colliers reports.
Snapchat’s parent company has taken over the eighth through 10th floors at Vornado’s Penn 2 tower that Verizon leased just over a year ago for a headquarters it never occupied.
KBRA assigned a preliminary rating to a $1.036 billion single-borrower CMBS loan backed by 15 apartment complexes with 6,041 units across seven states, with KBRA valuing the portfolio 37% below the appraiser’s estimate.
Kairoi Residential, PGIM Real Estate and Germany’s Helaba Bank broke ground on a 420-unit ultra-luxury apartment development in Denver’s LoHi neighborhood, pairing a San Antonio developer with international institutional capital.
Greystone arranged a $105.8 million Freddie Mac refinancing for 476 apartments in El Cajon, California, on behalf of Apollo-owned Bridge Investment Group, as agency lenders keep backing stabilized multifamily assets.
A $91.8 million CMBS loan backed by Pittsburgh’s Gateway Center office complex was liquidated for $37.7 million, booking a $64.8 million realized loss, according to the trust’s SEC distribution filing.
Census Bureau data show U.S. construction spending fell 3.2% year over year in June to a $2,166.5 billion annual rate, as residential building cooled while nonresidential construction, led by data centers, held up.
CMBS distress climbed to 10.91% in July, its highest level of 2026, led by 16.65% distress among office loans, according to CRED iQ, as special servicing transfers outpaced actual delinquencies.
Security Properties, partnering with RGA ReCap on behalf of Reinsurance Group of America, acquired the 134-unit Langara apartment community in Issaquah, Wash., for $55.1 million.
Zions Bancorporation completed its acquisition of Basis Investment Group’s agency lending platform, gaining Fannie Mae DUS and Freddie Mac Optigo multifamily lending licenses and the team behind them.
Easterly Government Properties raised its 2026 core FFO guidance to $3.07-$3.13 per share after posting second-quarter core FFO of $0.78 per share, up from $0.74 a year earlier, on 98% portfolio occupancy.
Spirit Investment Partners and Strategic Value Partners, financed by Oaktree Capital, acquired 895 units across two newly built Houston and Denton, Texas apartment communities from Resia.
Agree Realty deployed a company-record $502 million into 102 retail net lease properties in the second quarter and raised its full-year AFFO and investment guidance as a result.
Regency Centers lifted its 2026 FFO and same-property NOI guidance after a strong second quarter, with leasing spreads above 10% on renewals across its grocery-anchored shopping center portfolio.
Piedmont Office Realty Trust raised its 2026 Core FFO and same-store NOI guidance for the second straight quarter, citing strong leasing across its Sunbelt Class A office portfolio.
Extra Space Storage’s second-quarter core FFO rose 4.9% to $2.15 per share as same-store NOI grew 3.5% and the REIT raised full-year guidance, even as self-storage transaction volume stays muted.
CubeSmart’s second-quarter net income rose to $89.6 million even as same-store NOI dipped 0.7%. The self-storage REIT also unveiled a new joint venture with Heitman covering 15 stores valued at $197 million.
Granite Construction’s second-quarter revenue rose 29% to $1.455 billion and adjusted EBITDA climbed 22%, even as a debt-settlement charge produced a reported net loss. Data-center-related backlog tripled to $223 million.
Toronto-based Vital Infrastructure Property Trust bought the East New York Health Hub, a 142,249-square-foot medical office building in Brooklyn, for $89.9 million, funded by European asset sale proceeds.
Healthpeak Properties bought the Allegro Senior Living community in St. Augustine, Fla., for $54 million, adding to the healthcare REIT’s senior housing portfolio amid strong sector-wide investor demand.
Mayor Brandon Johnson joined developers to break ground on converting a 25-story office tower at 500 N. Michigan Ave. into 320 apartments, including 64 affordable units, in a $162 million project.
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