The latest commercial real estate news and developments.
A sudden 33% drop in April commercial real estate sales has stalled the sector's strong recovery from the first quarter, suggesting that persistently high interest rates are finally catching up to deal volumes.
New York-based Hudson Valley Property Group has acquired Mosa Apartment Homes in Elk Grove, California, for $83.6 million. The deal expands the firm's multifamily footprint in the Golden State with a newly built, 387-unit affordable housing community.
Japanese companies have acquired 33 U.S. homebuilders and are on track to control 6% of the American residential market. The influx of foreign capital and advanced manufacturing techniques could force domestic builders to adopt more efficient production methods.
After two decades with the company and seven years at the helm, Choice Hotels International CEO Patrick Pacious has announced his departure, marking a pivotal leadership transition for one of the hospitality industry's major players.
Swarovski and two additional retailers have signed leases at the 1.1 million-square-foot Rosedale Center in Roseville, Minnesota. The new tenant commitments signal continued momentum for the regional mall as it curates a diverse merchant mix.
Wilder has landed a key commitment from Trader Joe's to anchor The Crossing at Walkers Brook, bringing the beloved grocer to a 480,000-square-foot commercial destination roughly 20 miles north of downtown Boston.
Lingerfelt has divested Ashton Logistics Park, a fully leased 523,000-square-foot industrial campus in Colonial Heights, for $78.2 million. The recently completed property features an 8.5-year weighted average lease term with tenants Article.com and Shepherd Electric Co.
A housing bill favoring build-to-rent developers has cleared the U.S. House, potentially reshaping suburban residential investment. The legislation now heads to a deeply divided Senate, threatening to stall institutional momentum in the single-family rental market.
CBRE has appointed Gary Scalise as managing director and Pittsburgh market leader, placing him in charge of the firm's daily operations across all commercial real estate advisory lines in the region. Scalise steps into the role following the departure of previous market lead Mamadou Baldé.
Socially focused investment vehicles experienced unprecedented redemptions in late 2024, yet properties utilizing impact frameworks demonstrate measurably stronger occupancy and operational metrics than their conventional counterparts.
Patty & Press is taking over a former Zoup! location at 42983 Woodward Ave., marking the fast-casual brand's second restaurant in the Detroit metro area. Keystone Commercial Real Estate brokered the lease on behalf of the tenant as the hospitality group continues its regional expansion strategy.
Hyde Development and Gremada Industries have locked in a long-term, 150,000-square-foot industrial lease with Horwitz, LLC at their newly developed Dakota Commerce Center in Fargo. The deal, brokered by a CBRE team, marks a major occupancy milestone for the 633,200-square-foot business park.