Development

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

Stephen Ross Lands $157M Loan for Third Luxury Condo Tower in West Palm Beach

House Passes Housing for the 21st Century Act in Landslide 390-9 Vote

Bipartisan housing legislation backed by over 70 industry groups cleared the House with near-unanimous support, expanding CDBG and HOME program eligibility while pushing zoning modernization grants and manufactured housing reforms.

Hyatt Studios Brand to Debut in North Phoenix as Glendale Industrial Asset Trades for $90.6M

Caliber Companies is bringing the first Hyatt Studios extended-stay hotel to north Phoenix as part of a 15-hotel pipeline, while a 566,000-square-foot industrial building near Glendale sold for $90.6 million.

Three Developers Compete for $716M Riviera Beach Waterfront Redevelopment

Forest Development, Sonnenblick Development, and Related Urban are vying for the rights to redevelop a 90-acre waterfront corridor in Riviera Beach, with proposals ranging from a $716 million convention center complex to a Margaritaville-branded resort.

Wellpointe Acquires 4.7-Acre Warner Center Site for 100% Affordable Housing Development

Wellpointe Inc. acquired 6400 Canoga Avenue in Woodland Hills from Sandstone Properties, pivoting the site from a planned luxury tower and hotel to a multi-phase, 100% affordable mixed-use development.