June 2026

Developer plans $131M industrial park in Fairfield

Newmark Arranges $53M Sale of Waterford Apartments in Everett

Newmark has arranged the $53.3 million sale and Freddie Mac financing of Waterford Apartments, a 200-unit apartment community in Everett, Washington. The transaction is the highest price paid for a multifamily communi…

Microsoft Adds to Goodyear Data Center Property Locations

Microsoft spent over $130 million for a 100-acre site in Goodyear. The Phoenix Business Journal reports the property, owned by Industrial Realty Trust, is adjacent to an additional 150 acres the company bought back in…

Golden Valley Celebrates Opening of New Luxury Apartment Complex

RXR Puts Helmsley Building Up for Sale for Roughly $670M

Scott Rechler ’s RXR is putting the landmarked Helmsley Building up for sale more than two years after defaulting on a loan tied to the Midtown property, Commercial Observer has learned. RXR is asking for roughly $670…

Chicago's Tier 1 office vacancy expected to drop through 2030

IEQ Capital Welcomes Lauren Hoffman as Managing Director

HOUSTON, June 8, 2026 /PRNewswire/ -- IEQ Capital ("IEQ"), an independent wealth management firm and multi-family office overseeing $46.6B in regulatory assets under management (RAUM1), today announced that Lauren Hof…

Industrial sector sole bright spot in Minneapolis region: survey

Contractors across the Upper Midwest reported weaker activity, persistent uncertainty and rising costs, according to the Federal Reserve Bank of Minneapolis.

Transwestern Attracts Walker & Dunlop Debt & Equity Team

Houston-based Transwestern has added a team of eight specialists to its national debt & equity placement team. Co-led by Executive Managing Directors Tom Melody and Tom Fish, the group brings a track record of origina…

Reside Craftsman, A Wyndham Residence Further Expands Reside's Coast to Coast Collection With a New Los Angeles Offering

LOS ANGELES and SEATTLE, June 8, 2026 /PRNewswire/ -- Reside, a Wyndham Residence - continues its strategic growth in key urban markets with the launch of Reside Craftsman, A Wyndham Residence, a 110-unit property loc…

PG&E Doubles Santa Teresa Substation Capacity to 80MW in San Jose, Clearing Path for Equinix Data Center Growth

PG&E has completed an expansion that doubles the capacity of its Santa Teresa Substation in South San Jose to 80 megawatts, the first major grid delivery under the utility’s landmark agreement with the City of San Jos…

Commercial Real Estate Roundup for June 5, 2026

San Francisco Investor Buys Gump Family’s Majority Stake in 32,000 SQFT 250 Post for $19.15MM

A local investor with a personal tie to the property has acquired the Gump family’s controlling interest in 250 Post Street, ending an ownership run on the Union Square trophy that stretched back to 1908 and signaling…

Cinnaire Closes $307M Low Income Housing Tax Credit Equity Fund

Cinnaire announced the closing of a $307 million Low-Income Housing Tax Credit (LIHTC) equity fund, the second largest investment in the organization’s history. Cinnaire’s Fund for Housing Limited Partnership 45 (Fund…

8-year-old boy hit by vehicle at Des Moines apartment complex, critically injured

Construction Lenders Confront a Shifting Risk Map in 2026 as Data Center Race, PFAS Liability and Permitting Delays Reshape Underwriting

Construction risk has not disappeared from the lending landscape heading into 2026—it has migrated into new territory, from the breakneck data center buildout to newly regulated PFAS contamination, according to the ei…

Ameriprise Financial Renews 38K SF at Durst’s One World Trade Center

Global financial services firm Ameriprise Financial has extended its stay at One World Trade Center , Commercial Observer has learned. Ameriprise’s 37,704-square-foot office space at the Financial District tower was r…

City of San Francisco Expands 1455 Market St. Lease by 502,000 SQFT in $1B-Plus Deal, the Region’s Largest Since 2018

San Francisco has committed to its largest office lease since 2018, expanding the city government’s footprint at Hudson Pacific Properties’ 1455 Market St. tower by more than half a million square feet and planting a…

Sotheby’s International Realty names Marissa Ghesquiere regional president

Marissa Ghesquiere has been appointed as regional president for the East Coast and Central regions at Sotheby’s International Realty Inc. It’s a newly created role for the firm in which Ghesquiere will oversee b…

California Owns the West Coast’s Highest Median Income but Slips to 13th Nationally as Costs Bite

California boasts the highest median income on the West Coast, yet a thin lower-earning tier and punishing living costs dropped it to 13th nationally, nine spots behind regional leader Washington, according to a Walle…

Newmark Arranges $975 Million Financing for Mission-Critical Data Center in Northern Virginia

NEW YORK, June 8, 2026 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporatio…

Bank Hapoalim Lends $43M on Flushing Resi Complex

Century Development Group has sealed $43.4 million of construction financing to build a mixed-income residential project in Flushing, Queens, Commercial Observer has learned. Israel-based Bank Hapoalim provided the lo…

Meliá Hotels International Buys NoMad Hotel on West 27th Street for $203M

Eytan Benyamin ’s Artimus Construction has sold a 313-key hotel in Manhattan’s NoMad neighborhood for $203 million. Meliá Hotels International , an LGBTQ-friendly hospitality firm, bought the 21-story hotel at 132-142…

AvalonBay’s management team leads ‘merger of equals’

AVB will have positions largely focused on capital allocation, while Equity Residential executives will take operations and legal spots.

UH Building $77M Medical Research Building

Work will begin in September on a 55,000-square-foot Medical Research Building near the Tilman J. Fertitta University of Houston College of Family Medicine. The Houston Business Journal reports the building, at 5150 M…

MG and Vertical Land $100M to Build Coral Gables Condo

MG Developer and Vertical Developments have nabbed a $100 million construction for a luxury mixed-use condo project in Coral Gables, Fla., the joint venture announced. Private equity firm Benmark Capital provided the…

Utah’s current competitive edge and economic resilience in commercial real estate

Utah’s current competitive edge in commercial real estate

Major Distribution Center Coming To Lower Bucks Co., 600 New Jobs Possible

How Nicholas Hartigan helps turn strategy into execution

As part of HousingWire’s Editor’s Choice awards spotlight series, we’re highlighting past Insiders honorees whose leadership, innovation and behind-the-scenes contributions continue to shape the housing industry. The…

Acclaim Companies Wins Unanimous ARB Recommendation for 228-Unit Builder’s Remedy Project at 762 San Antonio Road in Palo Alto

Palo Alto’s Architecture Review Board voted unanimously to recommend approval of The Acclaim Companies’ eight-story apartment development, which returned to the board roughly 20 percent larger than the version members…

Hackberry Lane Adds 400 Beds in Florida, Arkansas University Markets

Hackberry Lane, a vertically integrated student housing investment and operating company, announced the closing of six separate transactions across Gainesville, FL (University of Florida) and Fayetteville, AR (Univers…

Equity Residential, AvalonBay name C-suite for multifamily giant

Equity Residential and AvalonBay Communities have outlined who will run the combined multifamily REIT after their planned merger of equals, naming a C-suite team that blends leaders from both companies. The executive…

Trammell Crow, PCCP Developing 828K-SF Denver Warehouse Park

Trammell Crow and JV partner PCCP started work on a 76-acre site in Thornton, Colorado, where it will develop Crossroads 25, a six-building, Class A industrial park strategically located at the intersection of Interst…

Rubin Rudman Partner Tyler Franklin Named to the Environmental Business Council of New England's Ocean and Coastal Resources Committee

BOSTON, June 8, 2026 /PRNewswire/ -- Rubin Rudman is pleased to announce that Tyler M. Franklin, a partner in the firm's Environmental and Land Use Group, has joined the Leadership Team of the Environmental Business C…

Modular builder Kinexx eyes ‘hidden-in-plain-sight’ lots for growth

While modular construction comprises a small niche in the U.S. ground-up residential development market – roughly 3% of new homebuilding – it’s an outsized opportunity for urban infill projects, where developers…

Craig International Helming $200M McKinney Office Redevelopment

Craig International won the bid to redevelop the former Globe Life corporate headquarters locaed at 3700 S. Stonebridge Drive in McKinney, TX. The campus was originally developed as Globe Life’s longtime corporate hea…

Boston Ranks First Among U.S. Cities for Foreign Multinational Investment

Boston has been ranked the top city in the U.S. for foreign multinational businesses, according to the ranking compiled by the Financial Times and Nikkei as part of the 2026 Investing in America rankings. Boston earne…

The good landlord: how collective commercial real estate strengthens local economies

ICE Mortgage Monitor: Lock-in effect drives surge in home equity lending

Homeowners tapped their housing wealth at the fastest pace for any first quarter in four years as more borrowers turned to home equity loans and lines of credit instead of refinancing their existing mortgages, accordi…

News | Phoenix-area luxury apartment complex adjacent to golf course sells for $95.25 million

601W Acquires 1.4M-SF DTLA Office Tower at Steep Discount

Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, originated a $132-million first-mortgage acquisition loan secured by 333 S. Grand Ave., a 55-story, Class A office tower totali…

Pacific Urban Investors Secures $123MM Refinancing for 268-Unit Anson Apartments in Burlingame

Palo Alto-based Pacific Urban Investors has secured a $123 million refinancing for the Anson, a 268-unit luxury apartment community in Burlingame, in a deal that paired a life insurance company loan with $26 million i…

Atlanta USPS employee identified as Demarcus Little Sr. after death at area distribution center

CEO Perspective: Industry Outlook Improves, But Pressure Remains

A CEO perspective from Otelier argues that while RevPAR forecasts improved at NYU 2026, inflation continues to outpace revenue growth, shifting operator focus from topline metrics to GOPPAR, NOI, and labor productivity.

Cresset Appoints Mark Tremblay as Head of Family Office Services

Tremblay brings more than 20 years of leadership experience working with ultra-high-net-worth families and large single-family offices. NEW YORK, June 8, 2026 /PRNewswire/ -- Cresset announced today that it has appoin…

Eastern Union secures $12.9675 million financing toward acquisition of 174,078 s/f shopping center in Lima

$250M Astin Martin Condo Project Greenlit in Daytona Beach

Aston Martin is partnering with Valor Capital Real Estate Development to build an 18-story, 86-unit condo project at 3411 S. Atlantic Ave. It will be called Aston Martin Residences Daytona Beach Shores. The Orlando Bu…

Is KB Home a more likely purchase target as its lot pipeline tightens?

Author’s note: I worked for KB Home during two periods of my career and remain grateful for the experience. This analysis is based solely on publicly reported information and reflects my independent views on the compa…

Skanska Completes 250,000 SF Academic Project at University of Texas at Tyler

TYLER, TEXAS — International development and construction company Skanska has completed a 250,000-square-foot academic project in Tyler, about 100 miles east of Dallas. The five-story building is the new medical schoo…