Commercial real estate news and analysis for the National market.
Cushman & Wakefield has recruited Tom Maloney back to its ranks to serve as the chair of its occupier advisory services division. The move comes as commercial real estate firms fiercely compete for corporate tenant representation in a shifting office market.
Jones Lang LaSalle capitalized on resilient corporate real estate demand to generate $6.4 billion in first-quarter revenue. The global brokerage's robust performance was driven by surging industrial activity and stabilized office markets, pushing adjusted EBITDA up 22%.
Newmark reported a 27% year-over-year revenue increase in the first quarter, fueled largely by a rebound in corporate office leasing activity. The earnings beat signals a potential turning point for the long-struggling office sector.
Two prominent retail properties on Boston's Newbury Street have changed hands in a $113.5 million deal brokered by Newmark, underscoring sustained investor appetite for well-positioned urban retail corridors. The transaction highlights the enduring appeal of the Back Bay neighborhood among commercial real estate investors.
A 113,601-square-foot grocery-anchored shopping center in Eden Prairie, Minnesota, has traded hands for $27.7 million. Cushman & Wakefield brokered the transaction, highlighting sustained institutional demand for essential retail assets in suburban Minneapolis.
Phillips Edison & Co. has expanded its Midwest footprint with the $27.7 million acquisition of a grocery-anchored shopping center in suburban Minneapolis. The 113,601-square-foot property features a recently renovated lineup of national credit tenants.
Saks Global Enterprises has resolved its legal standoff with Simon Property Group while simultaneously securing creditor backing, accelerating its emergence from Chapter 11 protection. The dual agreements mark a pivotal step in stabilizing the iconic luxury department store's operational and financial footing.
The Puget Sound industrial market recorded an 11.5% vacancy rate in Q1 2026, a record high fueled by negative absorption and cooling tenant demand. Savills reports the region absorbed negative 800,000 square feet year-to-date as the market continues to recalibrate.
Washington D.C. developers are struggling to secure equity financing as capital markets remain locked down, forcing projects into indefinite delays. The ongoing equity drought threatens to stall new construction across the district for the foreseeable future.
As ultra-high-net-worth individuals expand their cross-border portfolios, the definition of a "million-dollar property" has shifted drastically. An analysis of global luxury markets reveals that seven figures now secures less square footage than ever before in premier gateway cities.
The Boston-based hospital system has secured a massive tax-exempt bond issuance to fuel its ongoing expansion. MassDevelopment facilitated the financing for the 482-bed healthcare project on the West End campus.
Homebuilders are facing mounting pressure as fuel prices and geopolitical tensions, including the Iran conflict, drive up material costs and squeeze margins. The sector's publicly traded stocks have reflected investor concerns over escalating building expenses and supply chain disruptions.