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
With beds and sheds now the consensus allocation, the return spread between cities, not property types, is what allocators are buying.
Sep 23
For nondata developers, the hyperscaler bid is now the number to beat on labor, materials and debt — and last year's pro formas are on the wrong side of it.
Sep 22
Announced manufacturing capital is more than doubling while job announcements grow at less than half that pace, which tells industrial owners the demand is land-heavy, power-hungry and geographically narrow.
Sep 22
A three-person liftout from PGIM gives the $110 billion manager the asset management depth that matters when a portfolio has decisions pending rather than acquisitions to make.
September 22
Two wholly owned Sydney buildings and a half-stake in Melbourne's Olderfleet go to market to cut borrowing costs, handing Australian office its first real pricing test since the Dec. 31 appraisals.
September 22
The location count keeps compounding at the sub-scale end of coworking, where the risk is quietly landing.
September 21
Full-floor leases at 61 W. 23rd St. bring the repositioned Manhattan building to occupancy without making AI tenants a broad recovery story.
September 21
Two 8,367-square-foot leases at 61 West 23rd Street show what AI demand looks like at the small end of Midtown South, where a 2016 basis does the work a rent roll cannot.
September 21
The 358,234-square-foot Savage Road build is the firm's second ground-up entry into a new market in 27 days, and the payoff rests on the first lease signed.
September 21
The moratorium has an expiry date; the reporting regime announced Monday does not, and that is the half a sponsor has to underwrite.
September 21
A stalled pipeline will set the terms of every large lease expiring after 2028, and the effect will hit renewals before it hits rents.
September 21
Cushman & Wakefield's cost guide shows small industrial projects inflating fastest at $144 per square foot, putting the infill scarcity premium under the one pressure owners cannot underwrite away.
September 21
The Opportunity Zone tax break mattered to data centers mostly at the margin; Hawley's bill makes that margin a political variable.
September 21
A 475,000-unit pipeline and 95.5% occupancy set up the 2028-29 supply gap; the sponsors who capture it are the ones whose capital can wait.
September 21
Congress's retreat leaves the cost-allocation fight to the statehouses, where data center underwriting now prices regulatory risk project by project.
September 18
Seventy keys against $116 million is a rate bet, which is why the villa layout and the amenity buildings matter more than the shovel.
September 18
Endura's Hill Country groundbreaking carries the standard garden amenity list and a HUD 221(d)(4) loan, leaving the absorption question to the property manager and the site.
September 18
Civic capital can hold a landmark at a basis no leveraged sponsor will touch, but patience is not absorption.
September 18
BTI and Bridge bought the dirt cheap and let a bank loan carry the build, a template that only works while cheap infill sites exist.
September 18
The mandate names days, not buildings, and the tenants enforcing it are cutting payroll; the leasing mark comes at expiration, and it likely lands lower.
September 18
Nine sub-50 readings in ten months from the design pipeline mean the supply freeze holding up non-data-center assets has another year to run.
September 18
The month's hiring concentrated in food services, government and health care, the payrolls behind Class C rent rather than the young-professional household formation that underwrites new supply.
September 18
Thirty-two leases with a weighted average term above ten years give International Place the cash-flow case a lender can underwrite; the market still has no mark on the asset.
September 17
The spend puts Elecor on the capex side of Midtown's trophy-versus-commodity split, where the rent spread, not the amenity count, settles the wager.
September 17
Demolition is done and delivery is set for the second quarter of 2027, with the land's next use worth more than the offices it replaced.
September 17
Aalo Atomics' $25 million Georgetown conversion puts the power buildout in the industrial tenant mix, on a schedule that trails the load it is meant to supply.
September 17
A 160,000-square-foot Dick's will be nearly twice the size of the mall's entire remaining retail offering—which is where this program's economics actually sit.
September 17
Half of APAC occupiers plan to grow, but the survey prices buildings rather than the office index.
September 17
Transportation eats 45 to 70 percent of logistics cost while rent runs 3 to 6, and that gap is turning the short-term industrial lease into the sector's most underpriced product.
September 17
Project Mercury would take the retailer from about 85 same-day facilities to more than 1,000 by 2031, moving the marginal dollar of Amazon demand onto a format the industrial pipeline serves least well.
September 16
At a record 37.7 gigawatts under construction across the Americas, the siting decision has become a power decision, and the largest proposed developments are going where the grid is.
September 16
Truck activity on the northern border has flattened to early-2021 levels and is dragging on logistics demand in both countries; corridor warehouses are underwritten on throughput as much as on consumption.
September 16
The five-year deal covers 90,202 square feet of a 130,655-square-foot footprint, leaving SL Green to test what Midtown South pays for the rest.
September 16
The 357,619-square-foot Berkeley redevelopment is a recycled site in one of the metro's best trucking positions, and the first lease rate will tell Chicago whether teardown-and-rebuild is a trade or a toll.
September 16
A land lease and an entitlement waiver do the work in a submarket that normally caps apartment buildings at three stories.
September 16
Thirty-one of the top 50 markets cut rents in August while San Francisco grew at 11.9 percent; the national average flattens both.
September 16
A pipeline nearly six times the installed base is being underwritten as a leasing story while the real constraint is a wire and a date.
September 16
Lubeck's blocking-and-tackling case tells allocators what to screen for, and quietly concedes the part of the return no operator controls.
September 16
The first rent roll is the comp set for the phases Related has yet to build on the 1,200-acre site.
September 15