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South Florida Zipcodes Post 40% Annual Gains as Regional Markets Diverge

West Palm Beach ZIP code 33403 saw prices jump 40% year-over-year as Florida and regional markets post divergent momentum despite rising mortgage rates. The post South Florida Zipcodes Post 40% Annual Gains as Regional Markets Diverge appeared first ...

Office-to-Residential Shift Brings 67-Story Towers to Wilshire Boulevard

Onni Group scraps office expansion plans for twin 67-story residential towers at 5700 Wilshire Boulevard, adding 2,586 apartments near Los Angeles Metro. The post Office-to-Residential Shift Brings 67-Story Towers to Wilshire Boulevard appeared first...

Transit Access Drives Office Demand Near Penn Station Despite Conditions

Major League Soccer and Robinhood anchor leasing surge near Penn Station as transit access outweighs neighborhood reputation in Manhattan office market. The post Transit Access Drives Office Demand Near Penn Station Despite Conditions appeared first ...

Control Disputes Derail Rescue Bids for Distressed Asian Developers

Blackstone abandoned a $4 billion New World Development deal after the Hong Kong developer refused to hand over control to the US investment firm. The post Control Disputes Derail Rescue Bids for Distressed Asian Developers appeared first on Propmodo...

Universities Build Revenue Streams Around Stadiums With Mixed-Use Developments

Wake Forest, Tennessee and Iowa State are building mixed-use districts near stadiums to generate millions in new revenue amid rising player compensation costs. The post Universities Build Revenue Streams Around Stadiums With Mixed-Use Developments ap...

Brokers Who Assembled the Impossible Take Home REBNY’s Top Honors

REBNY's 82nd Annual Awards honored Savills, CBRE and Cushman & Wakefield for deals requiring creative problem-solving and years-long execution. The post Brokers Who Assembled the Impossible Take Home REBNY’s Top Honors appeared first on Pr...

Hollywood apartments fetch highest per-unit price in neighborhood in years

A Hollywood apartment property just traded hands for the highest per-unit price in the neighborhood in years. Sophia Hollywood, a 28-unit Class A property at 1759 North Gower Street, sold for $16 million, Colliers, which brokered the deal on be...

Ready for its close-up: Cosmetics mogul lists LA estate for $49M after extensive makeover

A cosmetics mogul and his wife are testing prices in the Los Angeles luxury housing market instead of lipstick shades. Dean Factor, co-founder of Smashbox Cosmetics, and his wife Shannon are listing their roughly 8.5-acre estate in Sullivan Can...

Developer-turned-gubernatorial candidate Stephen Cloobeck arrested, charged with witness tampering

Hospitality magnate and former California gubernatorial candidate Stephen Cloobeck is facing felony charges after prosecutors accused him of threatening witnesses tied to his fiancée’s high-profile burglary case. Cloobeck, founder of timeshare gia...

Pegasus puts commercial leasing data toward AI joint venture

Two Los Angeles-based companies are merging their respective expertise in artificial intelligence and commercial real estate through a partnership rooted in streamlining some of the industry’s most tedious and costly tasks. The product offering, du...

WareSpace breaks into LA Mid-Counties market with $16M Santa Fe Springs buy

WareSpace is doubling down on industrial space in Southern California amid a wider market squeeze. The Maryland-based developer acquired an 82,000-square-foot industrial property at 13711 Freeway Drive in Santa Fe Springs for $15.8 million, L.A...

Pratt validated as threat in mayor’s race as DSA-LA recommends Raman

After months of remaining mum on support in a race involving two Progressive candidates, the Los Angeles chapter of the Democratic Socialists of America quietly muscled its way into the mayoral primary. The group’s entry into a race that’s been a...