CRE News

Bally's Secures Bronx Casino Site with $156M City Land Purchase

Bally's Corporation paid $156.6M to New York City for a 16-acre Bronx parcel, clearing the path for a planned casino resort at the former Ferry Point golf course.

Legal Sector Drives Office Recovery with Record Leasing Volume

Law firm office leasing hit 10.7 million sq ft in 2025, up from 7.7M in 2023, as legal tenants lead the national office market recovery.

Political Odd Couple Breathes New Life into Queens Mega-Development

Mayor Mamdani and President Trump met at the White House to discuss reviving Sunnyside Yards, a plan to build 12,000 homes — half affordable under Mitchell-Lama — backed by $21 billion in federal grants.

Albany Revives Bid for Commercial Rent Regulation in New York City

New York state lawmakers have reintroduced the Small Rent Stabilization Act to cap rent increases for independent retailers in NYC's five boroughs.

Newmark Defies Market Jitters with Strong Q4 Performance

Newmark beat Q4 earnings estimates with 68 cents per share versus the 66-cent Wall Street consensus, even as its stock dipped amid AI disruption concerns.

Colliers Strengthens Tri-State Leadership with Strategic Hire from Mohr Partners

Colliers adds Corey Horowitz as SVP for its tri-state region, bringing 20-plus years of office leasing expertise from Mohr Partners.

Epic Insurance Upsizes Midtown Footprint at 1140 Avenue of the Americas

Epic Insurance expands to roughly 25,500 sq ft at 1140 Avenue of the Americas, owned by American Strategic Investment Company, in Midtown Manhattan.

Historic SoHo Walk-Up Changes Hands for $23.4 Million

JGK Real Estate Holdings sold 280 Mulberry Street in SoHo for $23.4 million to JP Real Estate Group Limited, with Arya Management set to partner on the asset.

Why Bigger Isn't Always Better: Examining the Trade-offs of Mega CRE Brokerages

Full-service CRE brokerages promise convenience, but their integrated models can create conflicts that may not serve every client's best interests.

Fairfax Financial to Take Kennedy Wilson Private in $1.65B All-Cash Deal

Illinois Governor Unveils Sweeping Statewide Zoning Reform to Address 142,000-Unit Housing Shortage

Gov. Pritzker's BUILD plan would override local zoning to allow up to 8 units per lot, legalize ADUs statewide, and deploy $250M to close a 142,000-unit housing shortage.

Plano Offers $20M Incentive Package for AT&T's $1.35B Headquarters Campus

Plano City Council approved a $20M incentive package for AT&T's $1.35B headquarters campus at 5400 Legacy Drive, with partial occupancy targeted for 2028.