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Arizona Land Play Bets on Data Centers and Entertainment to Draw Capital West

Arizona Land Consulting plans a $6 billion to $10 billion Tonopah development mixing data centers, film studios, and an amusement park west of Phoenix. The post Arizona Land Play Bets on Data Centers and Entertainment to Draw Capital West appeared fi...

Downtown New York’s Residential Boom Rewrites Recovery Playbook

Lower Manhattan added 24,000 apartments and diversified its tenant base since 9/11, offering a roadmap other cities struggle to follow. The post Downtown New York’s Residential Boom Rewrites Recovery Playbook appeared first on Propmodo.

Fremont’s Sub-3% Vacancy Puts AI Hardware Makers in Bidding Wars

AI hardware manufacturers are paying premium prices for aging Fremont buildings as Silicon Valley industrial vacancy hovers near 2 percent. The post Fremont’s Sub-3% Vacancy Puts AI Hardware Makers in Bidding Wars appeared first on Propmodo.

Asset Manager and German Pension Fund Clash Over $2 Billion US Property Portfolio

Deutsche Finance sues Bayerische Versorgungskammer over $2 billion US commercial real estate portfolio, alleging the German pension fund controlled investment decisions. The post Asset Manager and German Pension Fund Clash Over $2 Billion US Property...

Rent Freeze Litigation Tests Limits of Mayoral Influence Over Housing Policy

New York landlords challenge Mayor Mamdani's rent freeze, claiming the Rent Guidelines Board improperly favored political goals over independent analysis of housing costs. The post Rent Freeze Litigation Tests Limits of Mayoral Influence Over Housing...

Community Opposition Forces Developers to Abandon $100 Billion Data Center Campus

Brookfield and Blackstone exit $100 billion Virginia data center after five-year community fight creates blueprint for national opposition movement. The post Community Opposition Forces Developers to Abandon $100 Billion Data Center Campus appeared f...

Carolwood edges past The Agency to become LA’s No. 1 boutique

Carolwood Estates has arrived. That may be a bit dramatic. If you’ve been watching Los Angeles’ high-end residential market in real time, you may have already deduced as much. Still, new figures out this week from TRD Data supports such presumpti...

$280M refi in works for Slatkin brothers on Santa Monica hotels

Remember a couple months ago when a $280 million loan on the Slatkin brothers’ Casa del Mar and Shutters on the Beach was sent to special servicing? The brothers, then, said it was a disagreement over an extension stipulation, and called the servic...

It’s a done deal for Aubrey Plaza’s Los Feliz home

The sale of “Parks and Recreation” star Aubrey Plaza’s Los Feliz home closed Friday, with the actress nabbing $4.4 million for the property. The trade of 2177 Fern Dell Place caps a year of the residence being on the market, with the original l...

Irvine Company pares down Oak Creek Golf Club housing redevelopment plans

Irvine Company tweaked its plans for the Oak Creek Golf Club to include less housing. The Irvine-based firm’s new proposal to redevelop 280 acres with housing calls for 2,400 new units of housing, down from a previous plan for 3,100 residence...

Pharma billionaire lists Lenny Kravitz-designed Hollywood Hills manse for $35M

Pharmaceutical billionaire Frank Binder is putting his Hollywood Hills showpiece on the market for $35 million as he prepares to build a 1,060-foot yacht designed to function as a floating escape for the ultra-wealthy. Binder listed the 10,700-square...

Congress summons Bass over LA homelessness system

Los Angeles Mayor Karen Bass is being asked to testify before Congress over alleged waste and mismanagement in the city’s homelessness system, putting additional scrutiny on the agency that controls hundreds of millions of dollars in housing and ho...