Commercial real estate news and analysis for the National market.
A housing bill favoring build-to-rent developers has cleared the U.S. House, potentially reshaping suburban residential investment. The legislation now heads to a deeply divided Senate, threatening to stall institutional momentum in the single-family rental market.
CBRE has appointed Gary Scalise as managing director and Pittsburgh market leader, placing him in charge of the firm's daily operations across all commercial real estate advisory lines in the region. Scalise steps into the role following the departure of previous market lead Mamadou Baldé.
Socially focused investment vehicles experienced unprecedented redemptions in late 2024, yet properties utilizing impact frameworks demonstrate measurably stronger occupancy and operational metrics than their conventional counterparts.
Patty & Press is taking over a former Zoup! location at 42983 Woodward Ave., marking the fast-casual brand's second restaurant in the Detroit metro area. Keystone Commercial Real Estate brokered the lease on behalf of the tenant as the hospitality group continues its regional expansion strategy.
Newmark has named Kyle Lutnick, son of former Chairman Howard Lutnick, as its new chief strategy officer. The appointment places a key member of the brokerage's founding family in charge of guiding the firm's long-term corporate vision.
A newly constructed, 24,000-square-foot industrial facility in Myrtle Beach occupied by uniform supplier Cintas has changed hands for $6.5 million. The transaction highlights sustained investor appetite for build-to-suit logistics properties in growing secondary markets.
A partnership between Zelco Properties and The Grossman Cos. has purchased the 175,000-square-foot Ansonia Shopping Center in New Haven County for $8.4 million, highlighting the ongoing investor appetite for suburban retail assets in the Northeast.
The Ardent Companies has secured an anchor lease with Sprouts Farmers Market at Crossroads Shopping Center in Savannah, Georgia. The deal will see the developer execute a 28,000-square-foot redevelopment to accommodate the new grocer at the 92,000-square-foot retail destination.
A private investor based in Richmond has acquired the 93,392-square-foot Tuckernuck Commons shopping center for $12 million. Berkeley Capital Advisors facilitated the transaction, highlighting continued interest in Virginia's neighborhood retail assets.
A subsidiary of CJ Park & Associates has acquired Harbor Central, a 22,198-square-foot neighborhood center in West Sacramento, for $6.2 million. CBRE facilitated the transaction, highlighting sustained investor interest in essential retail assets.
Walker & Dunlop has successfully secured $130 million in financing to convert a former Veterans Affairs hospital in Denver into a dynamic mixed-use destination. The project, spearheaded by GM Development, highlights the continued institutional appetite for adaptive reuse projects in high-growth urban markets.
The rapid expansion of non-qualified mortgage products is transforming the residential and commercial real estate landscape by opening doors for self-employed buyers. As the traditional W-2 workforce shrinks, these flexible financing solutions are redefining what constitutes a creditworthy borrower.