
Family Duo to Expand Smokey Mo's Footprint with Four New Austin Locations
Father-son duo Cody and Stephen Cox have signed a four-unit development agreement to bring Smokey Mo's BBQ to the Austin market.
The latest commercial real estate news and developments.

Father-son duo Cody and Stephen Cox have signed a four-unit development agreement to bring Smokey Mo's BBQ to the Austin market.

Meta raised its El Paso AI data center investment from $1.5B to $10B, targeting 1 gigawatt of capacity by 2028 — a signal of surging hyperscaler demand in secondary markets.
Prophetic's new SearchAI Intentions lets developers search for land using plain-language project descriptions instead of zoning codes, supporting 120+ development types.

J.P. Morgan and VICI Properties provided $4.3B in construction financing for One Beverly Hills, a 17.5-acre mixed-use luxury development by Cain and Eldridge Industries.

Geopolitical tensions involving the U.S., Israel, and Iran are adding fresh uncertainty to CRE markets, threatening energy costs and interest rate outlooks.

Jonathan Rose Companies acquired the 126-unit Caroline Apartments in Manhattan's Inwood for $53M, the eighth deal for its Affordable Housing Preservation Fund VI.

CMBS loans offer non-recourse, fixed-rate financing for institutional CRE assets, with unique prepayment and servicing dynamics borrowers must understand.

Charlotte and Raleigh claimed the top two spots in Marcus & Millichap's 2026 Retail Investment Forecast, driven by in-migration and strong tenant demand.

The Federal Reserve paused its rate-cutting cycle amid conflict-driven economic uncertainty, extending the period of elevated borrowing costs for commercial real estate.

Carrier is piloting HVAC systems with built-in batteries and Google Cloud AI to turn air conditioners into active grid assets and virtual power plant participants.

Philip Morris International's U.S. subsidiary is investing $50M in a Tampa Business Solutions Center, creating roughly 180 high-skilled jobs on a 10-year lease.

London's top-tier flexible workspace is outperforming traditional office rents, with 5-star flex space in some submarkets exceeding 200% of headline rents, new index shows.