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Blackstone’s Chicago Office Default Shows Distress Continues Despite Recovery

601W Companies defaults on a $343 million Blackstone loan for a Chicago office tower, adding to distress in a market still reeling from pandemic losses. The post Blackstone’s Chicago Office Default Shows Distress Continues Despite Recovery appe...

Long-Term Defense Tenant Draws Institutional Buyers to $400M California Sale

Costa Mesa office campus leased to Anduril Industries hits market at $400 million as defense tech sector draws institutional capital to Southern California. The post Long-Term Defense Tenant Draws Institutional Buyers to $400M California Sale appeare...

High-End Office Suites Are Filling the Gap Between WeWork and a Trophy Lease

The global flexible office market is soaring as businesses seek premium, turnkey workspaces combining flexibility, prestige, and modern amenities. The post High-End Office Suites Are Filling the Gap Between WeWork and a Trophy Lease appeared first on...

Mayor Targets Platform Profits in Short-Term Rental Crackdown

Chicago sues Airbnb and host company Slumber Stay over 200 violations and alleged platform complicity in unlicensed short-term rental operations citywide. The post Mayor Targets Platform Profits in Short-Term Rental Crackdown appeared first on Propmo...

Wall Street’s Texas Push Gains Momentum With Megaproject Proposals

Morgan Stanley eyes $1.3 billion Dallas tower as Wall Street banks expand in Texas with major campuses and thousands of employees. The post Wall Street’s Texas Push Gains Momentum With Megaproject Proposals appeared first on Propmodo.

Power Acquisitions Surge as Data Center Developers Bypass Grid Delays

DigitalBridge's $1.1 billion ArcLight acquisition reflects data center operators buying power developers to bypass grid delays and secure electricity supply. The post Power Acquisitions Surge as Data Center Developers Bypass Grid Delays appeared firs...

Linc Housing wants to raze its HQ for affordable homes in Long Beach

Linc Housing wants to tear down its Long Beach headquarters to build more than 100 affordable apartments. The nonprofit affordable housing developer filed plans to raze its office hub and replace it with an apartment building at 3590 Elm Avenue, Urba...

Newsom, legislators back $11.25B bond to boost homebuilding

A proposed state ballot measure for an $11.5 billion bond to pay for affordable housing now has a key backer: Gov. Gavin Newsom. The governor and state lawmakers have cut a deal to place the Veterans and Affordable Housing Bond Act of 2026 on the bal...

BKM Capital buys 11-building industrial park in Carson for $95M

BKM Capital Partners added another deal to its trail of recent industrial acquisitions, dropping $95 million on an 11-building campus. The Newport Beach-based investor purchased the Carson Industrial Center at 1000-1124 East Del Amo Boulevard, ...

LA housing officials refute City Attorney blocking $177M eviction defense funds

Los Angeles housing officials debunked claims by outgoing City Attorney Hydee Feldstein Soto that a nonprofit legal aid provider fell short of reporting requirements under a taxpayer-funded contract aimed at preventing evictions. The conflict centers...

Can Downtown LA make a comeback?

The year’s priciest office sale in all of Los Angeles happened downtown, and still, it only came out to about $150 per square foot. Considering the pre-pandemic normal was about $450, there’s little room to doubt the market is suffering. But ther...

Measure ULA tax could see nearly 75% haircut under new state bill

Los Angeles’ polarizing Measure ULA transfer tax could see a reduction by nearly 75 percent if a new state bill gets approval from both chambers and the governor’s signature. On Monday, the California State Senate shared its version of Asse...