Development commercial real estate news and analysis.
A fully approved development site in Randolph, New Jersey, has traded hands for $4.5 million, paving the way for a residential and retail project. OES Properties purchased the land, with plans to construct dozens of townhomes and a mixed-use residential and retail building.
Habitat and M/I Homes are partnering to bring 227 townhomes to Highland Park, converting the former Solo Cup manufacturing site into a residential community. The joint venture marks a major industrial-to-residential transition in Chicago's North Shore submarket.
Rosewood Property Company secures zoning approval for a massive 156-acre mixed-use project in Plano, Texas, significantly shifting the development focus from traditional office and hotel space to retail, dining, and entertainment. The adaptive reuse highlights a broader CRE trend of prioritizing experience-driven assets in suburban corporate corridors.
Western Realco has acquired a fully entitled 12.14-acre industrial site in Anaheim for $40.7 million, with plans to break ground immediately on a 256,046-square-foot Class A facility. The deal, brokered by JLL, signals continued institutional confidence in Orange County's tightening industrial market.
Austin City Council has officially approved the entitlements for a two-tower development on West Martin Luther King Jr. Boulevard, setting the stage for a major construction project just steps from the University of Texas. The approved proposal aims to bring a mix of density and mixed-use space to a rapidly urbanizing corridor in the central business district.
MetroNational has formed a joint venture with Radom Capital to acquire M-K-T Heights, a 218,000-square-foot mixed-use adaptive reuse project in Houston's Heights neighborhood. The partnership marks MetroNational's strategic expansion into one of Houston's most sought-after inner-loop submarkets.
Taurasi Group has secured $121 million in condo inventory financing from Madison Realty Capital for its newly completed 110-unit South End Lofts project in Hoboken, marking one of the largest development financings in the city this year.
Portland-based Prophetic has launched SearchAI Intentions, a new capability that lets real estate professionals search for development sites using plain language descriptions of their projects rather than complex zoning terminology. The expansion supports over 120 different development types and could fundamentally change how developers identify acquisition targets.
A landmark $4.3 billion construction financing deal has closed for the ambitious One Beverly Hills project, with J.P. Morgan and VICI Properties backing the 17.5-acre luxury development. The mixed-use campus will bring new hospitality, residential, and retail offerings to one of Los Angeles' most prestigious corridors.
Startup Rezora IO has launched an AI-powered voice platform designed to handle one of real estate's most dreaded tasks: cold calling. The technology automatically contacts leads and schedules meetings, potentially reshaping how brokers approach business development.
Miami-based developer Ytech has obtained a $25 million construction loan to restore and expand the historic Nolan House, a 1926 estate that will serve as the company's new corporate home. The project represents a growing trend of adaptive reuse in one of South Florida's most competitive commercial corridors.
A new industry analysis outlines critical factors that architecture, engineering, and construction firms should weigh before committing to software purchases. The guidance aims to help companies avoid costly mistakes and ensure their technology investments deliver measurable returns.