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Most Real Estate Organizations Fail to Train Employees on AI

Commercial real estate is not short on AI enthusiasm. Walk through any industry conference, read any proptech publication, or sit in on any technology vendor presentation and the message is consistent: AI is transforming the way buildings are managed...

CoStar Expands Into Residential Construction With $800 Million Zonda Buy

CoStar Group will pay $800 million for Zonda, adding residential construction data and homebuilder marketplaces to its real estate platform suite. The post CoStar Expands Into Residential Construction With $800 Million Zonda Buy appeared first on Pro...

Trophy Office Development Returns to Midtown as Flight to Quality Persists

SL Green and Mori Building will develop an 850,000-square-foot office tower near Grand Central as trophy properties dominate Manhattan leasing. The post Trophy Office Development Returns to Midtown as Flight to Quality Persists appeared first on Prop...

Inflation Surge and Stagnant Incomes Threaten Consumer Spending Engine

April consumer spending rose just 0.1% as PCE inflation hit 3.8%, the highest since 2023, while disposable income fell and savings reached four-year lows. The post Inflation Surge and Stagnant Incomes Threaten Consumer Spending Engine appeared first ...

Property Management Rollups Attract Hundreds of Millions in AI-Driven Capital

London startup Dwelly is raising $200 million to buy property managers and automate operations with AI, part of a wave of rollup plays in real estate services. The post Property Management Rollups Attract Hundreds of Millions in AI-Driven Capital app...

Private Equity Bets $1 Billion on AI-Ready Data Center Buildout

I Squared Capital commits $1 billion to acquire and expand AI data centers across U.S. markets, betting on inference-phase computing demand. The post Private Equity Bets $1 Billion on AI-Ready Data Center Buildout appeared first on Propmodo.

Daniel Negari does it again on WeHo hotel

Pebblebrook just announced that it sold another WeHo hotel, but left the buyer a mystery. My kneejerk reaction: Is it Daniel Negari, again? I recently profiled Negari for TRD’s monthly magazine — a piece you can read here — and this sound...

Beverly Hills stays hot, state legislature on relief for condo market and more

Beverly Hills continues to rack up big-money listings and sales, a trend the wealthy enclave likely owes in part to being beyond the reach of Measure ULA. On the sale side, a more than 10,000-square-foot manse at 703 North Arden Drive traded for $24 ...

Beverly Hills fourplex poised to give way to seven-story multifamily building

A small residential building between the Beverly Center and the heart of Beverly Hills could be demolished in favor of a taller multifamily structure. The Beverly Hills Planning Commission is reviewing a project from Oakhurst Development Group ...

Relief from LA’s mansion tax still appears a pipe dream

If the chair of the Los Angeles City Council’s committee on Measure ULA has her way about the future of the so-called mansion tax, the real estate industry should brace itself. Los Angeles City Council Member Ysabel Jurado, who represents the city�...

SoLa Impact gets City Council nod for modular housing facility in South LA

With modular housing proving to be a well-timed option for Palisades and Eaton fire victims, Los Angeles officials and SoLa Impact are looking to bring production of those units closer to the city. The Los Angeles City Council voted to enter in...

Walmart buys its IE distribution facility from State Street for $223M

Walmart doesn’t seem to be fazed by the Inland Empire’s shaky industrial market fundamentals. The Arkansas-based retail giant has purchased its distribution facility in Riverside for $223 million, L.A. Business First reported. The company�...