April 24, 2025
Another major retailer exits downtown San Francisco
San Francisco's premier shopping district has suffered another major loss as Saks Fifth Avenue announced that it is closing its store in Union Square.
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April 23, 2025This firm’s prelease let a Texas tower break ground. Now it wants to scale back the deal.
Three years ago, a global investment firm sent waves through Austin's real estate market by inking a blockbuster pre-lease deal that let one of the Texas state capital's largest office towers break ground, a risky endeavor at the time.
April 23, 2025Dire tariff headlines get measured responses at Western Canada’s biggest real estate conference
Greater Vancouver real estate brokers and investors expressed confidence that the region’s property markets will weather the global turmoil caused by the U.S. government’s shifting trade policies.
April 23, 2025Brokerage aims to help get LA's flying taxi industry off the ground
The transit-focused real estate firm that helped Elon Musk's Boring Co. scout for underground space for potential traffic tunnels in Los Angeles is looking to the sky for its next innovative venture: airports for flying taxis.
April 23, 2025Justice Department shrinks lease in major DC office by 30% in latest federal cost cutting
The Department of Justice is cutting back on a major office lease in Washington, D.C., but a broker involved said it's still one of the largest government real estate deals since President Donald Trump retook office.
April 23, 2025Markets rise after Trump tariff statement; New home sales increase; Trade concerns hit restaurants
Trump shifts stance on China tariffs, Fed chairman
April 23, 2025Food distributor buys new Los Angeles warehouse for cold storage
Rexford Industrial has sold a newly constructed facility in one of L.A.’s most competitive industrial corridors to a food distributor with plans to tailor it for cold storage.
April 23, 2025San Francisco pushes forward with another move to encourage office conversions
San Francisco is determined to convert some of its 51 million square feet of empty office space into housing the city says it desperately needs.
April 23, 2025Vornado catches break with less-than-expected ground rent for Penn 1 tower
Vornado Realty Trust is getting some reprieve in the annual ground rent it’s expected to shell out for the mega full-block Penn 1 redevelopment that’s part of its portfolio surrounding the Penn Station transit hub in New York.
April 23, 2025Walmart plans 650 US store remodels this year
Discount juggernaut Walmart plans to remodel more than 650 stores across the United States this year, modernizing its fleet by adding better displays to showcase merchandise, expanding its online pickup-and-delivery services, and offering more items.
April 23, 2025St. Louis office tower's lobby, a 1970s time capsule, set for renovation
The downtown St. Louis office market, with elevated vacancy rates and at least one fully vacant tower, could use a shot in the arm. That might be coming as the local architecture firm Trivers was hired to renovate the mid-1970s U.S. Bank Tower.
April 23, 2025Melcor Developments wins battle for total ownership of REIT
Melcor Developments officially won its battle to take 100% control of its publicly traded real estate investment trust, ending a fight with shareholders who had opposed the move.
April 23, 2025Housing crisis intensifying in Canada, government warns
Within 15 years, homeownership in Canada could become so financially difficult that it will lead to “intergenerational mortgages,” and the country will increasingly see “several generations of family living together,” to afford housing, a federal government organization tasked with predicting future trends says.
April 23, 2025Major Maryland mall could be sold as owner defaults on $235 million loan
A European real estate company that owns the Westfield Wheaton mall outside Washington, D.C., said it defaulted on its roughly $234.6 million real estate loan and could sell the property housing more than 115 shops and restaurants.
April 23, 2025Florida's fastest-growing car wash company continues Orlando-area shopping spree
El Car Wash, Florida’s largest and fastest-growing car wash operator, is continuing its rapid expansion throughout the state with the purchase of five locations from competitor Wash City.
April 23, 2025CalSTRS commits $150 million to Nuveen’s self-storage strategy
Nuveen, the investment manager of TIAA, has lined up new capital to build a portfolio of self-storage properties across the United States.
April 23, 2025The Container Store's plan to stop spending leads to job cuts
The Container Store's decision to pause capital projects and to stop openings new stores has led to the retailer to slash 2% of its workforce, primarily at its Dallas-area headquarters.
April 23, 2025Chicago firms think scale of River North multifamily project will be just right
Chicago developers have bought River North land where they plan an apartment project that they believe will be big enough to help meet high rental demand but small enough to get financed and built.
April 23, 2025Bornhorst brothers join CBRE's Southwest Florida industrial team
Two Southwest Florida brothers have joined CBRE’s industrial and logistics group in Fort Myers, Florida, after working at Lee & Associates.
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