Gary Barnett's Extell Development has made its first move into the Philadelphia market, acquiring an Old City office building in partnership with a local firm. The strategic purchase suggests the prominent New York developer sees value opportunities in the neighboring market.
Gary Barnett's Extell Development has made its first move into the Philadelphia market, acquiring an Old City office building in partnership with a local firm. The strategic purchase suggests the prominent New York developer sees value opportunities in the neighboring market.
As the conflict involving the United States, Israel, and Iran extends into its fourth week, commercial real estate professionals are closely monitoring potential economic fallout. The possibility of a Strait of Hormuz blockade adds fresh uncertainty to an already complex interest rate environment.
Following its recent acquisition by Estein USA and Vanderbilt Office Properties, the 549,000-square-foot Pinnacle Tower on the Lower Tollway has a new leasing team. JLL will now oversee marketing and tenant relations for the Class A office asset, which currently maintains strong occupancy levels.
Jonathan Rose Companies has purchased a 126-unit affordable housing community in Manhattan's Inwood neighborhood from Related Companies for $53 million. The transaction represents the eighth acquisition for the firm's Affordable Housing Preservation Fund VI, underscoring continued institutional interest in workforce housing assets.
A comprehensive look at the national office market heading into 2026 — from tightening availability in gateway cities to the Fed's rate path and REIT performance.