Fresh off the close of a $1.86 billion investment fund, Boston-based Berkshire Residential Investments has deployed capital into the San Francisco Bay Area, acquiring a 299-unit multifamily portfolio for $134.5 million. The four-property acquisition spans the SoMa neighborhood and Clementina Street, signaling continued institutional interest in Bay Area residential assets.
Fresh off the close of a $1.86 billion investment fund, Boston-based Berkshire Residential Investments has deployed capital into the San Francisco Bay Area, acquiring a 299-unit multifamily portfolio for $134.5 million. The four-property acquisition spans the SoMa neighborhood and Clementina Street, signaling continued institutional interest in Bay Area residential assets.
A joint venture between Riverside Investment & Development and Singerman Real Estate has acquired the former Two Wells Fargo Center in Charlotte's financial district for $36.5 million, signaling fresh life for the city's urban core. The partnership plans an extensive redevelopment of the 800,000-square-foot property, which will be rebranded as 301 South Tryon.
The Department of Justice has closed its criminal inquiry into Federal Reserve Chairman Jerome Powell, removing a major obstacle for Kevin Warsh's potential appointment as the next central bank leader. The leadership transition carries substantial implications for interest rate policy and commercial real estate financing costs through 2025 and beyond.
The standard 30-year fixed mortgage rate has declined for the third consecutive week, landing at 6.23% and providing a slight reprieve for prospective homebuyers and residential real estate investors. This modest shift marks the lowest borrowing cost seen in the market in over a month.
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.