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NYC Comptroller Raises Questions About Pied-a-Terre Tax’s Revenue Potential

The Mamdani administration’s proposed pied-a-terre tax could raise more than $500 million in revenues annually, but substantial variables in the design, implementation, and enforcement of the program

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229-Unit Tempe Apartments to Open in September

Construction is expected to wrap up in September on Cabana Kyrene, a 229-unit multifamily project by Greenlight Communities. The project will be situated at the southwest corner of West Guadalupe and

31K-SF Sports and Entertainment Center to Debut in San Antonio

The trampoline park has closed, and in its place will be Taroko Sports’ new sports and entertainment system, coming to 618 NW Loop 410, San Antonio. The 31,000-square-foot indoor sports and entertainm

BridgeCity Capital Lends $38M for Prospect Heights Apartments Build

Ranco Capital has sealed $37.6 million of acquisition and construction financing for the development of a mixed-use multifamily building in Prospect Heights, Brooklyn, Commercial Observer has learned.

Walmart Commits to 176K-SF Santa Rita Ranch Location

Santa Rita Ranch has corralled 400,000 square feet of retail space in the Liberty Hill neighborhood with its Santa Rita Ranch Center project. Walmart plans to break ground on its nearly 176,000-square

Report: AvalonBay, Equity Residential in Talks for Possible Merger

AvalonBay Communities Inc. and Equity Residential (EQR) are considering a potential combination that could reshape the US apartment market, Bloomberg News reported, citing sources familiar with the ma

Foreign Direct Investment Adds 33K Jobs Across California

Foreign direct investment (FDI) in California increased in 2025, the World Trade Center of Los Angeles said in its annual report. Over the past year, 19,717 foreign-owned enterprises (FOEs) accounted

Dwight Capital Refis Harlem Apartments With $114 HUD Loan

Rester Management has landed $114 million of U.S. Department of Housing and Urban Development-backed debt to refinance a newly built multifamily tower in Harlem, Commercial Observer has learned. Dwigh

Cousins Offloading 30-Story Austin Tower

Cousins Properties is selling One Eleven Congress. Built in 1987, the 503,344-square-foot, 30-story building is the seventh-largest office tower in Austin. While no sales price has been disclosed, The

Work Underway on Massive Loveland Mixed-Use Development

Realberry has begun vertical construction on the retail core of Avenue South, a 140-acre mixed-use project within the Centerra community in Loveland, 46 miles north of Denver. The development will cre

Bass Pro Shops Eyeing Palm Beach Gardens Location

Retail center operator Regency Centers Corp. is forwarding a site plan that would enable Bass Pro Shops to put a store at the intersection of Jack Nicklaus Drive and U.S. 1, part of the Oakbrook Squar

Shopoff Realty Breaks Ground on Westminster Mall Redevelopment Project in Orange County

WESTMINSTER, CALIF. — Shopoff Realty Investment has broken ground on Bolsa Pacific at Westminster, a mixed-use redevelopment of the vacant Westminster Mall in Orange County. Designed by AO, the projec

PacVentures, AQUILA Buy 318,000 SF Office Complex in Northwest Austin, Plan Upgrades

AUSTIN, TEXAS — A joint venture between San Diego-based investment firm PacVentures Inc. and Austin-based AQUILA Commercial has purchased The Campus at Arboretum, a five-building, 318,000-square-foot

Patterson Arranges Construction Loan for 165-Unit Multifamily Project in Sugar Land, Texas

SUGAR LAND, TEXAS — Patterson Real Estate Advisory Group, a regional financial intermediary has arranged a construction loan for The Westermark, a 165-unit multifamily project that will be located in

Northmarq Arranges $20M in Financing for Castle Rock Industrial at The Meadows in Colorado

CASTLE ROCK, COLO. — Northmarq has secured $20 million in permanent-fixed financing for Castle Rock Industrial at The Meadows, an industrial distribution and warehouse facility located at 3563-3593 Ti

Academy Sports + Outdoors to Open 130,000 SF Store in Fairview, Texas

FAIRVIEW, TEXAS — Academy Sports + Outdoors will open a 130,000-square-foot store in Fairview, a northeastern suburb of Dallas. The retailer will backfill a former Macy’s store at Fairview Town Center

Social Llama Events Signs 50,508 SF Industrial Lease in West Dallas

DALLAS — Social Llama Events has signed a 50,508-square-foot industrial lease in West Dallas. The locally based experiential event design and production company will use the entirety of the space at 4

Stoneweg Sells 194-Unit Apartment Community in Mesa, Arizona to Rise48 Equity

MESA, ARIZ. — Stoneweg has completed the disposition of Avenue 8, a garden-style multifamily property in Mesa. Rise48 Equity acquired the asset for an undisclosed price. Brett Polachek, Chris Chanter

Western Kentucky University Board Approves Gilbane’s $350M Student Campus Housing Development Plan

BOWLING GREEN, KY. — The Western Kentucky University (WKU) Board of Regents has approved the “Elevate WKU” development plan with Gilbane Development Co., a global real estate development firm, to laun

Greystone Provides $28.2M Agency Acquisition Loan for Apartment Community in Tuscaloosa

TUSCALOOSA, ALA. — Greystone has provided a $28.2 million Freddie Mac loan to finance the purchase of Landmark Apartments, a 264-unit multifamily community located in Tuscaloosa. Elliott Mulkin of Gre

JLL Arranges $16M Construction Loan for Charlotte Multifamily Project

CHARLOTTE, N.C. — JLL Capital Markets has arranged a $16 million construction loan for Project J, an 84-unit apartment building in Charlotte’s South End neighborhood. Taylor Allison, Alexis Kaiser, N

Yardi Executive Summit Special Report: The State of CRE

Updates on the office sector, coworking and tech. The post Yardi Executive Summit Special Report: The State of CRE appeared first on Commercial Property Executive .

SRSA Negotiates $7.2M Sale of Ground-Floor Retail Condominium in New Orleans

NEW ORLEANS — SRSA Real Estate has negotiated the $7.2 million sale of a ground-floor retail condominium at 1200 Poydras St. in New Orleans near the Caesars Superdome, home of the NFL’s New Orleans Sa

Coral Charge Brings Solar Power to EV Chargers

There are electric vehicles on the one hand, and there are renewable energy sources. However, much of the time these two concepts don’t mesh, because recharging the EV generally means tapping into con

Dwight Capital Arranges HUD 223(f) Loan for Harlem Luxury High-Rise

Dwight Capital has closed a $114-million HUD 223(f) refinance for 224 W 124th St., a 168-unit luxury high-rise residential building in Harlem. Dwight managing director Adam Offman originated the trans

Skender Completes Office Interior Construction Projects in Indianapolis

Skender, serving as the general contractor, has completed common-area upgrades and four office buildouts at the five-building, 1.1 million-square-foot Keystone Crossing office park in Indianapolis, In

Logistics Firm Signs for 156K SF with CIM Group

The Klabin Company/CORFAC International represented Columbia Container Lines LAX, Inc. in a 68-month lease transaction for a 156,096-square-foot industrial property located at 691-701 Burning Tree Rd.

PVOLVE Signs 10-Year Lease for First Philadelphia-Area Fitness Studio

Silverstein Properties and Arden Group announced a 10-year lease with PVOLVE, which will open its first Philadelphia-area fitness studio at the base of 1735 Market Street in Center City. Located along

Ariel Markets Longtime Brooklyn Bar Association Headquarters

Ariel Property Advisors has been retained to sell 123 Remsen St., a French Second Empire building in Brooklyn Heights. Offered at $12 million, the property is marketed for sale for the first time in m

IPA Capital Markets Arranges $116M Construction Financing for PNW Industrial Property

IPA Capital Markets, a division of Marcus & Millichap, has arranged $116.52 million in financing for the development of a 1.4 million-square-foot industrial property in the Pacific Northwest. IPA Capi

Brixton Capital Adds Escondido Shopping Center in Off-Market Deal

Brixton Capital, a vertically integrated operator of retail and multifamily properties, acquired the Escondido Gateway shopping center from Del Mar-based Mountain Pacific Properties for $28 million in

Vineyard Park Senior Living Acquires Property in Seattle’s First Hill Neighborhood

Vineyard Park Senior Living has acquired a First Hill senior housing community currently operating as Truewood First Hill. The property will be reintroduced as Union Grand, a Vineyard Park community m

AI Firm Sierra Signs 94K-SF Deal at Rockrose’s 11 East 26th Street

An artificial intelligence firm that provides businesses with customer support is opening offices in Midtown South. After announcing in May 2025 that it would establish a New York City presence, Sierr

TradeLane Pays $30M For 584K-SF Warehouse in Montgomery

TradeLane Properties has acquired a half-empty warehouse in Montgomery, Illinois, for $30.1 million, as part of the company’s ongoing expansion in the Chicago market. The Oakbrook Terrace-based indust

Advanced Real Estate Buys Two of Hollywood’s Five Apartment Towers

Two multifamily towers in Hollywood, Calif., have traded hands as the construction pipeline remains at historic lows. Kilroy Realty, a Los Angeles-based real estate investment trust, sold the two deve

Jump Trading Inks 99K SF at Related Companies’ 50 Hudson Yards

Trading firm Jump Trading has secured a new office space at Related Companies’ 50 Hudson Yards in Manhattan, according to Colliers’ April office leasing report. Jump Trading, founded in 1999, speciali

Events Company Skylight Expands By 11K SF at Two Trees’ Refinery at Domino

Two Trees Management has achieved 90 percent occupancy at The Refinery at Domino in Williamsburg, Brooklyn, following two new deals signed in late April, Commercial Observer has learned. The Brooklyn

Health Platform Tennr Takes 125K SF at Hudson Square Properties’ 345 Hudson Street

Health care tech platform Tennr, which automates patient processing for referral-based care, has signed a 124,733-square foot lease at Hudson Square Properties’ 345 Hudson Street, according to the lat

Law Firm Cleary Gottlieb Inks 475K-SF Lease at Brookfield’s One Liberty Plaza

Brookfield Properties’ One Liberty Plaza signed Manhattan’s largest office lease in April, according to the latest office market snapshot from Colliers. Law firm Cleary Gottlieb Steen & Hamilton, com

The May Digital Issue of CPE Is Now Available!

Don’t miss fresh insights into this month’s featured topics. The post The May Digital Issue of CPE Is Now Available! appeared first on Commercial Property Executive .

2026 Top Real Estate Law Firms

CPE’s ranking of the top law firms practicing in commercial estate has returned. The post 2026 Top Real Estate Law Firms appeared first on Commercial Property Executive .

Coworking Heads to the Suburbs

Enterprise space offers a new option for corporate clients both big and small. The post Coworking Heads to the Suburbs appeared first on Commercial Property Executive .

The Case for Faster Economic Growth

Macro volatility may unlock unexpected strength, writes Economist Dr. Peter Linneman. The post The Case for Faster Economic Growth appeared first on Commercial Property Executive .

How Carr Properties Is Rebuilding Around the Customer

The firm is re-focusing its office strategy and diving into multifamily. The post How Carr Properties Is Rebuilding Around the Customer appeared first on Commercial Property Executive .

The New Coworking Map Expands Outside the CBD

As hybrid work matures, demand is rising in suburban nodes and secondary markets closer to home. The post The New Coworking Map Expands Outside the CBD appeared first on Commercial Property Execu

Why Life Insurers Are More Active Yet Selective Lenders

They’ve got ambitious goals this cycle, but not any deal will cut it. The post Why Life Insurers Are More Active Yet Selective Lenders appeared first on Commercial Property Executive .

Bawabeh Holdings Files Plans to Build Nearly 1,000 Apartments in East Flatbush

New York-based real estate developer Bawabeh Holdings has filed a rezoning application for a nine-building housing development in East Flatbush, Brooklyn. Bawabeh’s Uniform Land Use Review Procedure (

JCAL Development Secures $26M Refi for South Bronx Apartment Building

Bronx-based private real estate development and construction company JCAL Development Group has secured a loan to refinance the Bridgeline apartments in the South Bronx. Webster Bank provided the two-

Manhattan Office Demand Surpasses Averages With 3.6M SF Leased in April

Demand for office space in New York City was healthy and robust in April, as Manhattan’s leasing velocity hit 3.61 million square feet during the month, according to the latest snapshot report from Co

Vacant Jamaica Plain Church to be Repurposed into Mixed-Use Project

Pennrose and Hyde Square Task Force (HSTF) broke ground on the Blessed Sacrament redevelopment, which will transform the vacant 1913 historic church in Boston’s Jamaica Plain neighborhood into a mixed