May 15, 2025
Essex Property Trust extends apartment buying spree with $240 million Silicon Valley deal
A publicly traded real estate investment trust paid more than $240 million for two apartment complexes in the Silicon Valley town of Campbell.
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May 15, 2025IT company buys portion of Bon Carré Technology Park for $9.4 million
DartPoints, a Dallas-based data center operator, acquired a portion of the Bon Carré Technology Park facility it previously leased and occupies at 7127 Florida Blvd. in Baton Rouge, as part of an owner-user transaction.
May 15, 2025Value of Chicago’s tallest skyscraper falls well below Blackstone’s loan balance
The value of Chicago’s tallest skyscraper has plunged in a recent appraisal that says the 110-story former Sears Tower is now worth far less than the $1.3 billion-plus that Blackstone still owes on it.
May 15, 2025Amtrak breaks ground on $300 million Seattle railyard project
Amtrak has broken ground on a new facility in Seattle designed to support faster and more comfortable trains that the national passenger railroad plans to roll out across the Pacific Northwest next year.
May 15, 2025Hines buys apartments in latest Silicon Valley deal
An apartment complex attached to San Jose’s buzzy Santana Row sold to an affiliate of global real estate firm Hines for $74 million.
May 15, 2025Retail sales edge higher; Walmart warns of price hikes; Producer costs decline
Retail sales edge higher
May 15, 2025Famed Philadelphia office building heads to foreclosure auction with $120 million starting bid
After about two years of foreclosure threats, the historic Wanamaker Building in downtown Philadelphia is headed for auction.
May 15, 2025Here's how Miami is preparing to host the FIFA World Cup next year
Miami officials are working to make sure everything runs smoothly when it hosts the FIFA World Cup next year as public safety and traffic emerge as key concerns in planning for the month-long event.
May 15, 2025New owner takes wheel of Chicago’s whimsical Rolls-Royce Garage
The Rolls-Royce of parking garages has sold for more than $12 million, with the quirky, Stanley Tigerman-designed structure in Chicago’s Loop business district changing hands for the first time in nearly a decade.
May 15, 2025One of nation's biggest speculative industrial projects gets underway in Dallas-Fort Worth
Development firm Trammell Crow began construction on one of the nation's largest speculative industrial projects to get underway in the past year, in a move offering potential tenants proximity to one of the world's busiest airports in North Texas.
May 15, 2025Developer seeks to join wave of new surf parks with ambitious growth plans
Surfing has long been a symbol for an aspirational coastal lifestyle. Now, with improvements in artificial wave technology, real estate firms are bringing the sport to unexpected areas including the Phoenix desert and the Denver mountains.
May 15, 2025Recent racing events drive hotel performance in Florida, North Carolina
In recent years, leisure travel has shifted from destination-based visits to experience-based journeys. Food and wine festivals, arts and culture showcases, and championship sports games attract leisure visitors who want to engage in an authentic and memorable experience.
May 15, 2025Hundreds of apartments planned at former Army fort in Virginia with storied history
Hundreds of apartments are planned at Fort Monroe, a former military facility on Virginia’s side of the Chesapeake Bay with a rich history and value as a housing, recreational and ecological resource.
May 15, 2025Prime Seattle waterfront development site handed back to lender
Martin Selig Real Estate has transferred ownership of a Seattle waterfront property in the latest financial setback for the 67-year-old development firm that helped shape the city’s downtown skyline.
May 15, 2025Blackstone merges three of its companies to increase opportunities at office, retail properties
Blackstone said it's creating a new entity from its companies focused on owning and investing in office and retail properties to increase financial performance and offer engagement to win tenants and customers as demand for experiences and amenities increases.
May 15, 2025World’s largest food service distributor branches out from industrial roots with first retail stores in Houston
Sysco, the world's largest food service distributor, has deep roots in the industrial sector, operating giant warehouses and thousands of delivery trucks.
May 15, 2025Tech investor buys San Jose apartment complex
A prominent Silicon Valley venture capitalist paid just under $19 million for a 48-unit apartment complex in San Jose in the latest show of interest in the San Francisco Bay Area’s strengthening multifamily market.
May 15, 2025Medical office properties outperform traditional counterparts in San Diego
San Diego's traditional and medical office markets have clearly taken divergent paths since the onset of the pandemic in 2020. Those paths have seen one vacancy rate climb to its highest point since 2012, while the other saw vacancy fall to its lowest level in more than 15 years.
May 15, 2025Struggling San Diego office redevelopment heads for June foreclosure auction
The high-profile but struggling Campus at Horton office redevelopment in downtown San Diego is scheduled to be auctioned off by its lender in June through foreclosure, after developer Stockdale Capital Partners fell behind on loan payments.
May 15, 2025Investor scoops up historic San Francisco printing plant turned office building
Bridges Capital became the latest San Francisco investor to take advantage of bargain prices in the city’s office market while they last, scooping up a nearly century-old office building near the desirable neighborhood of Jackson Square.
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