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The Sectors Desk 28 stories this week · 253 total

BKM report defines mid-bay industrial as the segment between small-bay and big-box

The study sets it at buildings of 100,000 to 200,000 square feet and suites of 15,000 to 75,000 square feet.
September 30

infinitSpace picks downtown Los Angeles for first U.S. flex location

The Europe-based operator will manage roughly 32,000 square feet at 612 S. Broadway for an owner that keeps the building, and is targeting 30 new U.S. locations over the next 24 months.
September 29

Marcus & Millichap: D.C. retail transaction activity up 30% as Northern Virginia vacancy holds

More retail space was leased than vacated across the metro in 2025, while District and Maryland suburban vacancy rose, according to the brokerage's report.
September 29

Bain report sizes the $4.2 trillion AI revenue gap behind data center capex

Bain & Co. estimates existing consumer and enterprise AI can cover up to $1.8 trillion of the $6 trillion in annual revenue it says the industry must generate by 2031.
September 29

Westlight Capital reports $750 million in multifamily AUM ten months after founding

The West Palm Beach firm's founder, Doug Faron, spent a decade at CIM Group before starting two firms of his own.
September 29

Lyft, Uber, Waymo and Zoox lease nearly 1M sf of robotaxi industrial space this year

The four companies' new leases top the 830,000 square feet they signed from 2022 through 2025 combined, according to Cushman & Wakefield data obtained by Bisnow.
September 28

Kendall Capital files Boston plans for 155-unit office conversion at 133 Federal St.

The 12-story Financial District landmark was bought for $15.75 million last December, about $102 a square foot, with historic tax credits slated to finance the work.
September 28

CoStar data show hotel RevPAR up 10.4% as weekly ADR sets nominal record

Average daily rate rose 5.7% to $179.30 for the week of Sept. 13-19, and 89% of U.S. hotel markets posted higher year-over-year RevPAR.
September 28

Puget Sound apartment pipeline shrinks as developers cancel approved projects

Kidder Mathews puts the region's total pipeline at 111,019 units, with both approved and in-review projects contracting over the past year.
September 28

Post Real Estate expects to convert more than 7,500 units from market-rate to affordable this year

The Beverly Hills firm owns more than 34,600 units across 154 affordable properties and converts market-rate units mainly via tax exemptions and other strategies with minimal government subsidies.
September 28

Jamison Commercial and Cahn family plan West Chelsea office condo conversion

The 51,400-square-foot building at 510-514 W. 27th St. would offer its top four floors for sale, with the Cahn family's textile business continuing to occupy part of the building.
September 28

Sentinel Capital adds 7,134 square feet at SL Green's fully leased One Vanderbilt

The expansion leaves the private equity firm at 34,737 square feet in a tower where SL Green says rents run from $250 to more than $300 a foot.
September 28

I Squared-backed CubeCold names Kurt Pierloot CEO

Pierloot, formerly Bleckmann’s chief executive, takes over a platform with more than 30 facilities, 650,000 pallet positions and 14 acquisitions since 2021.
September 28

More apartment developers report fewer starts, NMHC survey says

Twenty-nine percent of respondents said their firms started fewer projects than three months earlier, up from 20% in June, and half expect construction conditions to improve over the next 6-12 months.
September 28

Retail buyers split between net lease and shopping centers, Marcus & Millichap reports

Retail assets renovated in the past five years traded above $700 per square foot over the trailing 12 months, the report says.
September 28

City of London core office vacancy falls to 9.6%, lowest since mid-2020

Four- and five-star space absorbed 2 million square feet over the year while three-star stock gave back 150,000, even as second-quarter leasing contracted.
September 28

Goleta quantum computing sector produces $235 million sale and a Google purchase

Colliers brokered the March recapitalization and sale of a 733,000-square-foot Goleta tech park to Praelium, and Google bought two more buildings in Goleta in August.
September 28

CBRE survey finds half of Asia-Pacific occupiers plan to expand offices

Attendance has reached what the survey calls a steady state, and the same occupiers favour premium buildings in central business districts.
September 28

What PJM's data center curtailment plan means for project pro formas

PJM has asked federal regulators to approve a framework that would let it cut power to new data centers that add no capacity to the grid.
September 27

Crescent Heights files 1,030-unit Live Local plan for Miami's Edgewater

The two-tower proposal at 3180 Biscayne Boulevard sets aside 412 apartments at up to 120 percent of area median income and seeks a 50 percent parking reduction.
September 27

Multifamily's generational trade sits in the debt stack

Lenders installing receivers and hunting recourse carve-outs are setting the 2026 clearing basis before any buyer reaches a purchase contract.
September 25

NorthPoint JV breaks ground on the first 12 percent of a $750 million industrial plan

The Haslet cross-dock starts with no disclosed tenant, while the other eight buildings remain off the construction calendar.
September 25

NRP's DC debut shows the subsidy stack is the product

A 115-unit flatiron in NoMa shows what developers actually sell public agencies: the closing, not the construction.
September 25

Austin's multifamily bottleneck is the council vote

A $26 million school-site sale turns a shuttered elementary into 435 entitled units, at a land basis near $60,000 apiece.
September 25

Senators move to strip data centers from the rural OZ tier

The tripled rural step-up in basis was sold as a data center benefit; the Senate is now deciding whether it was a housing benefit instead, and rural land comps will register the answer first.
September 24

L&G's retirement arm writes its first U.S. development check

Retirement capital is underwriting the 2028-29 supply gap rather than the lease-up in front of it.
September 24

Cambridge's biggest office lease of 2026 is an AI bet

Blitzy's 52,000-square-foot Kendall Square deal tops this year's Cambridge office market, where AI tenants account for more than 60% of new leasing.
September 24

Starbucks is closing the storefront and keeping the drive-through

A 250-store closure round sorts the portfolio by real estate: the drive-through box re-leases, and the urban storefront re-prices.
September 24

Vivmark's merger drove August apartment volume; single-asset sales fell 35%

The $80.5 billion month is one merger printing as transaction volume; the trades that will set prices are clearing out of REO supply.
September 24

The APAC hotel bid is two trades, and only one is durable

China's doubled volume leans partly on a REIT eligibility change, while Japan and Korea draw capital on room rates and a thin supply pipeline.
September 24

Student housing's rebound makes the value-add basis the whole trade

Volume rebounded 48 percent from the trough, which means the vintage that rewarded conviction has already been bought.
September 24

Retail's store-opening boom is a landlord's trade now

Net store openings turned positive just as completions hit a record-low 5.2 million square feet, leaving the expansion's returns to the landlords already holding the space.
September 23

Mid-Atlantic data center permits just became the scarce asset

Prince William's smaller overlay and Maryland's new review layer make entitlement, not power, the binding constraint for private sponsors and their lenders.
September 23

Amherst's SFR case rests on sellers who won't move

With no foreclosure catalyst in sight, the single-family rental thesis has become a bet on how few homes trade.
September 23

Opus bets Omaha scarcity next door to Google

A 272,076-square-foot spec project under construction on 18.8 acres beside Google's Omaha data center, where the tenant mix may matter less than the land premium.
September 23

A fading Houston mall prices industrial land at $125 a foot

Lincoln and New York Life will spend $150 million to turn 80 acres of failed retail into 1.2 million square feet of warehouse, a conversion whose two-year gap between teardown and first delivery rests on a city tax district.
September 23
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