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November 23, 2024 | By Brannon BoswellWNBA facility adds to sports development in Los Angeles

LA Sparks taps Transwestern for high-end training campus

A Women's National Basketball Association team is pairing up with a national developer to add to sports-related real estate development in Los Angeles.

November 23, 2024 | BY BRANNON BOSWELL
November 23, 2024 | By Randyl DrummerNew York firm buys outlet mall in one of greater Seattle's biggest retail sales of year

Lightstone Group plans upgrades after buying Outlet Collection Seattle for $82 million

New York-based real estate investor and developer Lightstone Group acquired a nearly 100-acre outlet shopping mall near Seattle for $82 million with plans to spend millions more to...

November 23, 2024 | BY RANDYL DRUMMER
November 22, 2024 | By Rhea StephenDowntown Chicago’s office sublet vacancy rate has steadily dropped since late 2023

Though a clear sign the market is on the mend, direct lease expirations still cause overall vacancy rate to hit new high

Downtown Chicago’s office sublet vacancy rate fell to below its post-pandemic, four-year average during 2024’s second half, yet with the market's direct availability hitting a new ...

November 22, 2024 | BY RHEA STEPHEN
November 22, 2024 | By Jon LeckieHigher house costs drive record long-term renting, apartment owners say

Landlords AvalonBay and MAA, as well as investor Knightvest, say some tenants give up on owning

The increasingly high cost of homeownership is driving apartment demand for some large multifamily owners, leading to record-low turnover in renters leaving to buy houses.

November 22, 2024 | BY JON LECKIE
November 22, 2024 | By Candace CarlisleIconic Texas brand Dickies to relocate to California

Workwear brand to join sister company Vans in Orange County

Well-known workwear brand Dickies is slated to move out of its Cowtown headquarters in Fort Worth, Texas, its home for more than century, in a relocation to the West Coast.

November 22, 2024 | BY CANDACE CARLISLE
November 22, 2024 | By Andria ChengFinancial services analytics firm chooses Vornado’s Penn 1 in Manhattan

Acuity’s move comes at time of growth, brokerage says

Acuity Knowledge Partners, a London-based research and analytics firm for the financial services industry, is moving its New York office to Vornado Realty Trust’s overhauled Penn 1...

November 22, 2024 | BY ANDRIA CHENG
November 22, 2024 | By Linda MossTarget to join roster at Flemington shopping center in New Jersey

Levin Management inks second lease with discount giant

Giant discount retailer Target will be opening a 75,500-square-foot anchor store at Flemington Marketplace in New Jersey, its second recent lease to debut a store in the Garden Sta...

November 22, 2024 | BY LINDA MOSS
November 22, 2024 | By Stone BrickhouseOregon hotel trades for over $10 million more than last sale

Best Western Premier Keizer-Salem Hotel in Keizer was last on the market in 2013

The Best Western Premier Keizer-Salem Hotel in Keizer, Oregon, has changed hands between private individuals for about $11 million more than its last sale in 2013.

November 22, 2024 | BY STONE BRICKHOUSE
November 22, 2024 | By Andria ChengFinancial services firm GTS is relocating to building in Manhattan’s Midtown South

Oversized windows, 15-foot ceilings draw tenant

Trading firm GTS is relocating to the building housing the former B. Altman luxury department store in Manhattan’s Midtown South market.

November 22, 2024 | BY ANDRIA CHENG
November 22, 2024 | By Linda MossBillionaire’s firm Galvanize buys central New Jersey industrial building

Investor made two other property purchases as part of sustainable energy real estate strategy

Billionaire Tom Steyer’s investment firm has acquired an industrial property in central New Jersey, its third purchase in recent months as part of a real estate strategy aimed at s...

November 22, 2024 | BY LINDA MOSS
November 22, 2024 | By Jon LeckieAtlanta workforce housing development gains 22% in value over four years

Investment firm FCP sells 210-unit apartment property for $37 million

A Chevy Chase, Maryland, real estate investment firm has sold an Atlanta multifamily property after a four-year hold and capital improvement program increased the value by more tha...

November 22, 2024 | BY JON LECKIE
November 22, 2024 | By Tony WilbertDermody donates to community groups across US as part of annual Thanksgiving program

Development firm gives total of $85,000 to eight organizations that help people in need

Dermody Properties President and CEO Douglas Kiersey Jr. and its top leaders picked eight community organizations to receive the 2024 Annual Thanksgiving Capstone Award.

November 22, 2024 | BY TONY WILBERT
November 22, 2024 | By Katie BurkeElon Musk-led Department of Government Efficiency pushes return of full workweek for federal workers

Escalated mandate would clash with government's effort to reduce leased office space

Billionaire Elon Musk plans to push to enforce the return to a full workweek for all federal employees as he and other allies of President-elect Donald Trump look to slash governme...

November 22, 2024 | BY KATIE BURKE
November 22, 2024 | By Mike PetrivelliTwo out of five Las Vegas apartments offered renter concessions in October

Apartment demand rises, but vacancy rate remains historically high

Roughly 43% of Las Vegas apartments offered renter concessions in October, representing the seventh month the market has been above the 40% threshold this year. Attractive concessi...

November 22, 2024 | BY MIKE PETRIVELLI
November 22, 2024 | By Kalie MillerClarity Retail signs warehouse deal in Cincinnati

Homegrown company agrees to lease with Plymouth Industrial REIT

A local retail design and development company has signed a lease for new warehouse space in Cincinnati.

November 22, 2024 | BY KALIE MILLER
November 22, 2024 | By Rachel ScheierLocal investor doubles down on San Francisco office recovery

Redco's purchase of 400 Montgomery marks third downtown buy in past year

A local developer appears to be doubling down on its bet on a turnaround for San Francisco's office market, one of the nation’s hardest hit by the COVID-19 pandemic.

November 22, 2024 | BY RACHEL SCHEIER
November 22, 2024 | By Candace CarlisleHousing investor Evergreen Residential raises $1 billion in capital

Kuvare Holdings, Prosperity Asset Management among investors betting on Dallas firm

A Dallas-based institutional real estate investor and operator of single-family homes has raised $1 billion to grow its portfolio.

November 22, 2024 | BY CANDACE CARLISLE
November 22, 2024 | By Melina DuggalData center construction on track for record year in Northern Virginia

New supply completely transformed the market in the past decade

The Washington, D.C. region, especially Northern Virginia, is experiencing a seemingly endless wave of data center construction. Over the past decade, the region has transformed dr...

November 22, 2024 | BY MELINA DUGGAL
November 22, 2024 | By Lonnie JohnsonLocal building supply firm nearly triples warehouse in Ocala's Airport Logistics Park

Sublease deal arranged by HLI Partners and CBRE is largest industrial lease signed in Ocala so far this year

Cordell Doors, a family-owned business based in Ocala, Florida, supplying doors for modular, manufactured and workforce housing, signed a sublease to nearly triple the size of its ...

November 22, 2024 | BY LONNIE JOHNSON
November 22, 2024 | By Blaise TomazicSt. Louis multifamily construction falls to post-pandemic low

Number of completed developments projected to reach 10-year low in 2025

The construction of multifamily housing in St. Louis has reached its lowest level since 2020 amid increased borrowing costs, higher equity requirements and slowing rent growth.

November 22, 2024 | BY BLAISE TOMAZIC
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