June 2026

Greater Washington economy slows as Iran war impacts commercial real estate sales

Koontz Sells First Phase of San Antonio Warehouse Project

Koontz Corp. sold Phase I of Westport Industrial Park to Nuveen Real Estate. JLL represented both the buyer and seller. The project, delivered in 2023, includes two 93,600-square-foot rear-load industrial buildings on…

FHA Commissioner Frank Cassidy steps down

Frank Cassidy is stepping down from his role as Federal Housing Administration (FHA) commissioner and principal deputy assistant secretary for the U.S. Department of Housing and Urban Development (HUD) after a brief t…

Judge halts Google data center project in Minnesota

Minneapolis-based Ryan Cos., the general contractor on the project, estimates delays on Project Skyway in Pine Island could cost about $5 million or more.

$160M New Caney Convention Reveals Open Date

New Caney’s new 210,000-square-foot convention center is slated to open in December. The Houston Business Journal reports the convention center is part of the next phase of The Signorelli Co.’s Valley Ranc…

Olmstead Buys 19 West 44th Street From Savanna at a 45% Haircut

Savanna has sold 19 West 44th Street for a steep loss nearly nine years after acquiring the 18-story Midtown Manhattan office building for $195 million, Commercial Observer has learned. Olmstead Properties acquired th…

Florida jury awards damages of $47.8M in buyer broker agreement dispute

In 2020, well before the real estate industry began debating the enforcement of buyer broker agreements — which became the norm after the National Association of Realtors ‘ (NAR) commission lawsuit settlement ag…

Residential REIT Performance Remains Positive, Balance Sheets Show Discipline

Image Residential REITs own and manage various forms of residences and rent space in those properties to tenants.

Land Acquisition Begins for Adilabad Industrial Park

Charlotte Running Co. Eyes New Home at Park Road Shopping Center

Hackberry Lane Closes Six Transactions Across Two Markets, Growing Portfolio to Approximately 2,000 Student Housing Beds

Firm adds ~400 beds in under two weeks, including its entry into the University of Arkansas market, underscoring growing investor conviction in the student housing shadow market NEW YORK, June 5, 2026 /PRNewswire/ --…

NYU International Hospitality Investment Forum Takeaways: Key Observations on Brands, Capital, and AI

Porter Kyle Builders Names Industry Veteran John Rowland Vice President of Construction

Phoenix-based Porter Kyle Builders continues to build up its Build-to-Rent homebuilding operations with the addition of CRE veteran John Rowland as Vice President of Construction. Rowland brings more than 25 years of…

Insights from Connect CRE LA: Finding What Works in 2026 (VIDEO)

At Connect CRE Los Angeles 2026, industry leaders interviewed by Connect CRE offered varying takes on the outlook for the balance of 2026, yet a common thread through their comments was a need to zero in on what works…

PSP, La Caisse and NBIM back $2bn US retail deal

San Francisco-based manager TPG is leading a trio of large international investors in acquiring grocery-anchored strip mall specialist ECHO Realty.

Commercial Real Estate Firm Marcus & Millichap Launches Preferred Partner Program for Self-Storage, Other Sectors

JV Closes On 1,128-Bed Texas A&M Housing Deal

A joint venture between PCCP and The Dinerstein Companies has acquired two adjacent student housing communities totaling 1,128 beds at 1300 Harvey Mitchell Parkway South in College Station, serving students attending…

CSC Real Estate Acquires Three Medical Properties on Upper East Side for $70M

CSC Real Estate , a private equity and development firm, has acquired a medical office property at 210 East 86th Street on Manhattan’s Upper East Side, Commercial Observer has learned. The Upper West Side-based buyer…

Ocean City mall property undergoes redevelopment for new grocery-anchored shopping center

Hudson Valley Property Group Completes $130 Million Transformation of The Encore, Preserving 321 Affordable Units in Camden, NJ

Historic 21-story tower fully revitalized with no resident displacement; official ribbon-cutting ceremony held June 4 CAMDEN, N.J., June 5, 2026 /PRNewswire/ -- Hudson Valley Property Group (HVPG), a leading national…

2026 The Thousand: TruAdvantage Team builds on growth with new agent support hub

As the TruAdvantage Team builds momentum in the competitive Pennsylvania real estate market, its leaders are pairing rapid production with another focus — building structured paths for struggling agents who often lack…

Sant Ambroeus Restaurant Coming to the Miami Design District

Popular Milanese restaurant Sant Ambroeus is set to open near the Miami Design District , Commercial Observer has learned. The New York-based hospitality company, Gherardo Guarducci ’s SA Hospitality Group , has signe…

Mazaheri Acquires Norman Retail Center for $82.2M

Disney Investment Group (DIG) brokered the $82.25 million sale of University Town Center (UTC) in Norman, Oklahoma. David Disney and Adam Crockett of DIG represented the seller, Rainier Companies and procured the buye…

The real truth about the jobs data in 2026

Don’t call it a comeback, the labor market has been here for years, sending those recession scrubs back to another hemisphere. I digress with my Gen X music references, but the jobs data once again beat estimates toda…

Where Opportunity Meets Capital: Why Saudi Arabia's Hospitality Opportunity Is Broader Than Tourism Alone

Ahead of FHS Saudi Arabia 2026, this analysis argues the Kingdom's hospitality growth is driven by economic diversification, talent mobility, and domestic demand, not tourism alone.

TPG-Led Investor Group Acquires Shopping Center Owner ECHO Realty in $2 Billion Deal

TEREZINE Industrial Park Added to Ukraine Register, 500 Jobs Planned

Marcus & Millichap Brokers $9.6 Million Sale of Grocery-Anchored Shopping Center in Metro Tampa

Commercial real estate listings: 15 acres sold for storage facility on Midlo Tpke.

Dwight Capital Lends $66M of HUD Debt on Texas Luxury Apartments Project

Martin Inderman Development has landed $66 million of U.S. Department of Housing and Urban Development (HUD)-backed debt to develop a luxury multifamily project in central Texas, Commercial Observer has learned. Dwigh…

Worcester Active Adult Community Secures Bridge Loan Amid Increasing Demand

JLL Capital Markets arranged $39 million in financing for The Arbella at Bramble Hill, a recently completed, 123-unit, Class A active adult community in Worcester, MA. Managing director Henry Schaffer and director Mad…

Rosewood Property Co. Begins Leasing 338-Unit Apartment Community in Plano

PLANO, TEXAS — Dallas-based Rosewood Property Co. has begun leasing The Buckley, a 338-unit apartment community in Plano. The Buckley is the sister property of The Ludlow, both of which are located within the 156-acre…

The Internicola Law Firm Recognized by Chambers USA Among Nation's Leading Franchise Law Firms

National franchise law firm earns Chambers USA ranking as it continues building the legal infrastructure behind scalable franchise brands. RED BANK, N.J., June 5, 2026 /PRNewswire/ -- The Internicola Law Firm, P.C., a…

Cove Capital Investments Acquires Grocery-Anchored Shopping Center In Kentucky

Renovations Underway on Discounted Charlotte Office Tower

W. P. Carey Closes 43-Property Sale-Leaseback with GardenCore

Net lease REIT W. P. Carey (WPC) recently closed the sale-leaseback of a 43-property manufacturing portfolio with newly branded GardenCore (formerly Oldcastle Lawn & Garden), a leading U.S. manufacturer of lawn and ga…

Arvato USA Signs 269,600 SF Industrial Lease in Denton, Texas

DENTON, TEXAS — Arvato USA has signed a 269,600-square-foot industrial lease in the North Texas city of Denton. The Germany-based third-party logistics provider will occupy the entirety of Denton Logistics Center, a n…

Trump says FHFA Director Bill Pulte will not serve as permanent DNI

Bill Pulte, the director of the Federal Housing Finance Agency ( FHFA ), will not be the permanent director of national intelligence (DNI), President Donald Trump told reporters Thursday, following bipartisan resistan…

Greystar Eyeing 896 Doral Apartment Units

Greystar is seeking permission from the City of Doral to build 896 apartments at the Miami International Mall. The development is slated to go where two department store buildings currently stand. The South Florida Bu…

First Federal Bank Announces Agreement to Sell Third Party Origination Division to Mortgage Forward, a CUSO in the Great Lakes Credit Union Family of Companies

LAKE CITY, Fla. and CHICAGO, June 5, 2026 /PRNewswire/ -- First Federal Bank, headquartered in Florida, and Mortgage Forward, in Illinois, jointly announced today that they have signed a definitive agreement for Mortg…

Berkadia Brokers Sale of 186-Unit Seniors Housing Property Near Houston

LEAGUE CITY, TEXAS — Berkadia has brokered the sale of Grand Living at Tuscan Lakes, a 186-unit seniors housing property in League City, about 30 miles southeast of Houston. Opened in 2023, the property offers indepen…

Creative Action to Open 25,000 SF Headquarters in Austin’s Mueller District

AUSTIN, TEXAS — Creative Action, a youth arts education organization, will open a 25,000-square-foot headquarters at Mueller, a 700-acre mixed-use district in North Austin that is a redevelopment of a former municipal…

U.S. RevPAR Up 6.5%, Business Travel Hit a Record $538B, SiteMinder Bets on Infrastructure

Friday closed a strong week with U.S. hotel performance accelerating: RevPAR grew 6.5% in the week ending May 30, led by Las Vegas concert demand. GBTA confirmed U.S. business travel reached a record $538.5 billion in…

CTO Adds 163K-SF Atlanta Retail Center to Property Portfolio

CTO Realty Growth acquired Madison Yards, a 163,000 square foot retail center in Reynoldtown, for $73.3 million. An affiliate of Heitman Capital Management was the seller. Crawford Square Real Estate Advisors will lea…

Bordeaux 2025: Is it Time to Buy En Primeur Again?

Analysis of the 2025 Bordeaux En Primeur campaign finds pricing better aligned with market conditions than recent vintages, with the 2025 vintage ranking among the three best in 18 years by critic scores.

Panepinto Properties Begins Leasing 53-Story Apartment Tower in Jersey City

JERSEY CITY, N.J. — Locally based developer Panepinto Properties has begun leasing 505 Summit, a 53-story apartment tower in the Journal Square area of Jersey City. The building offers 605 units in studio, one-, two-…

State funds to expand sewer at Bartlett Industrial Park could spur growth

Jonathan Rose Cos. Buys Upper Manhattan Affordable Housing Building for $53M

NEW YORK CITY — Local investment firm Jonathan Rose Cos. has purchased The Caroline Apartments, a 126-unit affordable housing building in the Inwood section of Upper Manhattan, for $53 million. The building was constr…

Why independent expertise matters more than ever in UK commercial property

IDI Logistics Breaks Ground on 154,387 SF Industrial Project in Piscataway, New Jersey

PISCATAWAY, N.J. — IDI Logistics has broken ground on a 154,387-square-foot industrial project in the Northern New Jersey community of Piscataway. The building at 1551 S. Washington Ave. will feature a rear-load confi…