The latest real estate news, market data, and expert insight from RealtyWire.
SL Green said Sept. 14 that a new eight-year lease brought 245 Park Avenue to 100% leased and that its 2026 Manhattan office leasing has reached 1,760,649 square feet across 129 leases, signed 15.8% above prior escalated rents.
Airbnb committed an initial $250 million in last-dollar financing to rental projects that are permitted but short of the capital needed to break ground, saying it expects to unlock more than $5 billion over ten years. The first investment is $6.4 million for 201 affordable units in Austin, Texas.
A Zillow analysis published Sept. 14 finds 1.42 million residential permits issued in the year through July 2026, down 1.7%, with detached single-family completions falling to about 817,000 and the steepest pullbacks in Austin and San Antonio.
Realty Income and KKR said Sept. 14 they will form a euro-denominated joint venture holding net lease assets in Spain, Ireland, Poland and the Netherlands, with KKR taking 49% for β¬528 million and Realty Income keeping control and the management fee.
The construction intelligence firm said Sept. 14 it raised $130 million led by O.G. Venture Partners, bringing total funding to $297 million, as owners including Intel and Digital Realty push schedule-critical data center projects.
D.C. Attorney General Brian Schwalb announced separate settlements Sept. 14 with JBG Smith and Mid-America Apartments, which will pay $8.1 million and $1.2 million and stop using revenue management software built on competitors’ confidential data.
The Fed decides Wednesday with fresh projections, and builder sentiment, housing starts and pending home sales all land within 48 hours of it.
Shelter inflation cooled while mortgage rates climbed to 6.76%, existing-home sales slipped below 4 million and an $8.1 billion apartment merger landed. The week that set up the Fed’s Sept. 16 decision.
The commercial mortgage trade association has hired BMO Capital Markets’ head of CMBS to lead it from Sept. 30, ending an interim stretch after Lisa Pendergast’s decade in the job.
The Nasdaq-listed REIT sold 30 outpatient medical buildings for about $198 million, repaid $119 million of secured term loans and moved a step closer to a senior housing portfolio.
Ordinance 127491 lets Seattle homeowners bar brokers, agents and investors from approaching them about selling, with penalties that compound daily once a name is on the list.
A fast-growing northeast Florida county has paused about $100 million in capital projects and banked $30 million in extra reserves while voters decide whether to cut property taxes on Nov. 3.
A 24-story Downtown Brooklyn tower finished in 2023 and never leased will become 239 rental apartments, financed by a $208 million first mortgage construction loan from Northwind Group.
Mayor Daniel Lurie declared a rent emergency on Sept. 10, backing six proposed ordinances and more than $30 million in spending, including a 10 percent annual ceiling on banked rent increases and capital improvement pass-throughs.
The Consumer Price Index rose 0.4 percent in August and 3.4 percent over the year, but shelter costs eased to a 3.0 percent annual pace days before the Federal Reserve meets.
Redfin counted 1.53 million sellers against 972,300 buyers in August, a 57.9% gap and the largest in records back to 2013. All ten most buyer-friendly metros are in the Sun Belt.
CrossCountry Mortgage raised its agency conforming limit to $845,000 on Sept. 10, up 1.47% from $832,750, more than two months before FHFA sets the official 2027 figure.
The Fifth Circuit affirmed dismissal Sept. 9 of a Texas broker’s antitrust suit challenging the three-way Realtor membership requirement for MLS access, holding the complaint failed to allege antitrust injury.
Freddie Mac’s Sept. 10 survey put the 30-year fixed rate at 6.76%, the highest since June 2025, as crude oil prices and producer inflation pushed bond yields up days before the Fed meets.
Mayor Daniel Lurie broke ground Sept. 9 on FivePoint’s 270-acre Candlestick Point redevelopment, which is planned for 7,200 homes and a 2.8-million-square-foot innovation district in the Bayview.
The entry point to the top 10% of U.S. listings fell 4.0% to $1,200,005 in August, Realtor.com said, while Los Angeles took the top metro spot by declining less than its rivals.
Intercontinental Exchange’s September Mortgage Monitor found property insurance costs rose 8.7% over the past year to a record $209 a month, with homeowners who switched carriers cutting premiums by 6.6%.
Existing-home sales fell 2.0% in August to a 3.98 million annual rate while inventory topped 1.6 million units for the first time since November 2019, the National Association of Realtors said Sept. 10.
The all-stock combination announced Sept. 9 creates a middle-market apartment REIT with 44,354 units across 163 communities in 17 states, an $8.1 billion enterprise value and roughly $24 million in expected annual synergies.
The Mortgage Bankers Association’s survey for the week ending Sept. 4 shows the 30-year fixed rate at 6.85%, refinance applications at their slowest weekly pace since May 2025, and adjustable-rate loans taking their largest share since June.
Optimal Blue’s August Market Advantage report shows total rate-lock volume down 9% from July and 3% below a year ago, with rate-and-term refinancing off 47% year over year even as the 30-year rate held flat at 6.72%.
ConstructConnect and Oxford Economics raised their 2026 nonresidential building forecast to 8.7% growth, but nearly the entire $78 billion increase in commercial construction traces to data centers, while manufacturing falls 43% and residential starts drop 10.5%.
KB Home opened the first phase of Sandstone, a nearly 300-acre master plan in North Las Vegas, Nev., that will hold more than 1,500 homes priced from the $300,000s β the builder’s largest new-home community in 10 years.
An NBC News Decision Desk Poll released Sept. 6 found 69% of Americans oppose AI data center construction in their local area β including 57% of Republicans β as entitlement risk becomes the binding constraint on the largest growth category in U.S. nonresidential construction.
The August Employment Situation report beat forecasts by a wide margin and revised June and July higher, pushing the Federal Reserve further from a rate cut. Construction added 22,000 jobs, with residential trades gaining and nonresidential building slipping.
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