Commercial real estate news: office, retail, industrial and multifamily trends, adaptive reuse, leasing, and investment across U.S. markets.
Atlanta-based Varcity closed financing on a 239-unit retirement community inside Purdue University’s Discovery Park District, the first of a planned national network of campus-anchored senior housing.
Blackstone Mortgage Trust posted an $81.2 million second-quarter net loss as credit reserves tied to a defaulted Chicago office loan offset revenue that beat estimates, while the company redeployed capital toward residential and industrial loans.
KKR reported record fee-related and total operating earnings for the second quarter, with its Real Assets segment — covering real estate, infrastructure and energy — posting 18% AUM growth and the firm’s largest single-segment capital raise.
Goldman Sachs’ Urban Investment Group is providing a $116 million construction loan toward a $269 million redevelopment of Parkside Commons, a 393-unit affordable housing complex on Syracuse’s East Side.
A group of landlords and property managers has proposed a $359.9 million settlement resolving nationwide antitrust claims that RealPage revenue-management software let them coordinate apartment rents. The deal still needs court approval.
Camden Property Trust sold 11 Southern California apartment communities totaling 3,620 units for about $1.625 billion, redeploying proceeds into debt paydown, share buybacks and Sunbelt acquisitions.
VICI Properties President John Payne disclosed on the REIT’s Q2 earnings call that VICI and Caesars Entertainment are developing plans for an NBA arena on 50 acres of jointly owned land behind three Las Vegas Strip resorts.
Miami developer Neology Group closed an inaugural $175 million capital raise, giving it nearly $1 billion in transactional capacity to pursue mixed-use and district-scale projects across the Southeast, including a Rubell Arts District partnership.
Boston and the U.S. Army Corps of Engineers released a draft plan for more than 20 coastal flood-protection projects, a roughly $10 billion program the city says would prevent an estimated $41 billion in future flood damage.
Federal Realty Investment Trust raised full-year 2026 guidance after signing an all-time-record 819,273 square feet of comparable leases in Q2, while extending its dividend-increase streak to 59 consecutive years.
A JPMorgan Asset Management fund and Sterling Bay refinanced their 500,000-square-foot Fulton Market office tower at 360 North Green Street with a three-year, $213 million loan from Barings.
Cousins Properties sold the 30-story One Eleven Congress tower in downtown Austin to newcomer Canyon Creek Real Estate for $208 million, according to a Cousins SEC filing.
American Healthcare REIT (NYSE: AHR) has acquired a 200-unit senior living community in San Jose, Calif., for $102.75 million, according to The Registry Northern California Real Estate, adding a Silicon Valley asset to its growing senior housing portfolio.
Builders FirstSource, the largest U.S. building-materials supplier to homebuilders, posted an 8.8% sales decline and a GAAP net loss in Q2 2026, then lowered its full-year guidance as housing demand softened across single-family, multifamily and repair-remodel channels.
MasTec has agreed to acquire Superior Group for approximately $1.65 billion, adding roughly 3,000 employees and specialized electrical and infrastructure capacity aimed at data center construction, the company announced. The consideration is about $1.175 billion in cash and $475 million in stock. This is an acquisition agreement — closing conditions had not been reported as … Read more
JLL posted record second-quarter 2026 results, with revenue up 11% to $6.9 billion and adjusted EPS up 59%, as leasing and capital markets activity rebounded and the firm raised its full-year guidance.
Ventas is boosting its 2026 senior housing investment target to $4.5 billion, up 50% from its prior $3 billion goal, after closing $2.2 billion in deals during the second quarter.
EMCOR Group’s Q2 2026 revenue hit a record $5.15 billion and backlog jumped 44% to $17.14 billion, as the electrical and mechanical contractor raised full-year guidance on strength in data center and AI-infrastructure construction.
AvalonBay Communities and Equity Residential revealed Vivmark Residential as the name of the combined REIT taking shape from their pending merger of equals, with the deal now headed to a shareholder vote after a $53 billion pro forma equity value was confirmed.
Atlanta-based Stonemont Financial Group and partner PCCP closed on a roughly $1 billion acquisition of a 38-building, 5.9 million-square-foot industrial portfolio from Blackstone’s Link Logistics, spanning five high-growth U.S. markets.
Lincoln Property Company says it has raised more than $2 billion in equity capital in 2026, led by a new $400 million discretionary program backed by family offices HF Capital and SGF Capital.
Koch Inc. is reportedly weighing a sale of data center developer Edged that could exceed $15 billion, according to a Bloomberg report, as Goldman Sachs gauges buyer interest amid an AI infrastructure investment boom.
BXP closed a $1.2 billion construction loan for its 46-story, 930,000-square-foot office tower at 343 Madison Avenue near Grand Central Terminal, already about half pre-leased ahead of a 2029 delivery.
Mid-America Apartment Communities lowered its full-year revenue guidance after second-quarter same-store results slipped, as new supply continues to pressure rents across the Sunbelt REIT’s Southeast and Southwest markets.
Newmark Group posted record second-quarter revenue of $888.4 million, with double-digit growth across leasing, capital markets and servicing, and investment sales up more than 54% year over year.
CBRE’s second-quarter revenue climbed 16% to $11.2 billion as leasing activity and data center-related infrastructure work drove growth, prompting the world’s largest commercial real estate services firm to raise its full-year earnings outlook.
Apartment REIT UDR raised its full-year 2026 guidance after second-quarter leasing strength, occupancy and resident retention all outpaced the company’s prior expectations.
Turner Construction’s benchmark building cost index climbed 5.15% year over year in the second quarter, as data center, semiconductor and advanced manufacturing projects continue to drive nationwide construction demand.
Essex Property Trust raised its full-year guidance after second-quarter results showed San Francisco-area rents climbing 7%, far outpacing the West Coast apartment REIT’s more moderate Southern California markets.
Denver-based Speed Bay Warehouse Solutions paid more than $84 million for an eight-building, 488,936-square-foot light industrial portfolio spanning suburban Philadelphia and southern New Jersey, marking its entry into the Northeast.
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