Commercial
Commercial news and analysis from Real Estate Wire, updated daily.
- W.E. O'Neil Construction Creates General Counsel Role, Names Nick Schubert
Chicago-based general contractor W.E. O'Neil Construction has hired Nicholas Schubert as its first-ever General Counsel, a newly created position on the executive leadership team. Schubert will...
- Northmarq Sells 627-Unit Meadowbrook Apartments in Lawrence, Kansas, Plus a Development Parcel
Northmarq's Kansas City investment sales team has closed the sale of Meadowbrook Apartments, one of the largest multifamily communities in Lawrence, Kansas, along with an adjacent 4.3-acre...
- Partners Real Estate adds land team from MLB Commercial in Houston
Tommy LeBlanc, a land specialist with more than two decades of Houston commercial real estate experience, has joined Partners Real Estate as an Equity Partner, bringing two colleagues from MLB...
- Flexday Launches 25,000 SF of Flex Office at Chicago Loop Tower
Flexday has opened four on-demand office suites at PNC Centre on One North Franklin in Chicago's Loop, totaling more than 25,000 square feet. The buildout, backed by building owner MetLife...
- Partners Development Starts First Phase of Eight-Building Industrial Park Near San Antonio
Partners Development has broken ground on Seguin Commerce Park, a 234,600-square-foot industrial park in Seguin, Texas, roughly 39 miles from San Antonio. The first two buildings, each 40,000...
- Krusinski Construction Names Steven Waltersdorf Director of Safety
Oak Brook-based Krusinski Construction Company has brought on a credentialed safety professional to lead its jobsite safety program. Steven "Wally" Waltersdorf arrives with more than 12 years of...
- Clayton, Missouri Gets New Fleet Maintenance Building in $11.7M Public Works Project
Integrate Construction Partners has finished the first phase of a two-phase municipal facility project in Clayton, Missouri, delivering a new 5,750-square-foot building where city crews will...
- California Ballot Measure Would Cap CEQA Review Times for Housing and Key Projects
Proposition 45, placed on the November ballot by the California Chamber of Commerce, would impose firm deadlines on environmental reviews for housing, clean energy, medical facilities and other...
- Zoox Takes 353,653 SF at PGIM's Hayward LogistiCenter, Clustering Three Sites on Clawiter Road
Amazon-owned Zoox has leased both buildings at PGIM Real Estate's LogistiCenter at Highway 92 in Hayward, California, committing to 353,653 square feet of industrial space. The deal more than...
- Orange County Industrial Vacancy Hits Decade High as Rents Slide
Orange County's industrial market posted its highest vacancy rate in ten years during the third quarter of 2026, with negative absorption for the third straight quarter and asking rents falling...
- Vacant churches and synagogues offer multifamily investors a niche adaptive reuse play
Roughly 3,500 U.S. congregations close each year, leaving behind buildings that a small but growing number of multifamily investors are converting to apartments. The strategy offers differentiated...
- ClarkDietrich Takes Anchor Office Lease at Cincinnati Mixed-Use Project
Cold-formed steel manufacturer ClarkDietrich has signed a 32,558-square-foot office lease at Montgomery Quarter in Cincinnati, anchoring a newly built office building with nearly three-quarters of...
- Pacific Industrial appoints Bud Pharris CEO as it targets seven Western markets
Pacific Industrial has appointed Bud Pharris chief executive officer as the Long Beach-based industrial developer plans to expand into seven Western markets.
- Kyle Technology Park opens its first 75,000 sq ft of flex industrial space in Central Texas
Cadence McShane Construction Company has completed the first phase of Kyle Technology Park, a three-building warehouse project in Kyle, Texas, developed for TIG Real Estate Services, Inc. The...
- Self-storage advertised rents slide further negative as supply glut persists
Advertised self-storage rates fell 1.9% year over year in August, the steepest decline in recent months and a worsening trend from June and July, according to Yardi Matrix. Only a handful of major...
- Multifamily Owners Face $757B Maturity Wall With Rates Doubled and Values Down 20%
A record wave of loan maturities is forcing apartment owners to choose between selling at steep losses, handing keys back to lenders, or refinancing at rates roughly double what they paid at...
- Eagle Hills Targets $12B Maldives Island in Largest-Ever FDI for the Country
Abu Dhabi developer Eagle Hills has announced a $12 billion mixed-use island project in the Maldives, the largest foreign direct investment in that country's history, according to Propmodo. The...
- Durst Lands Southwestern Cocktail Bar at South Street Seaport
Mesa Bar has signed a lease at 220 Front Street in Manhattan's South Street Seaport Historic District, according to Connect CRE. The Durst Organization made the announcement, with the bar expected...
- Napster Drops Fort Lauderdale Studio Campus After AI Pivot
Napster, the rebranded digital media company formerly known as Infinite Reality, has walked away from a planned headquarters and production studio complex in Fort Lauderdale, returning the project...
- DOJ closes Powell criminal probe, Fed renovation fight winds down
Attorney General Todd Blanche has confirmed the Justice Department will not reopen a criminal investigation into former Federal Reserve Chairman Jerome Powell over his oversight of the central...
- Poettker Construction promotes Jon Carroll to EVP and chief innovation officer
Poettker Construction Company, based in Breese, Illinois, has elevated longtime executive Jon Carroll to a newly defined role overseeing technology adoption and operational innovation. Carroll...
- Adolfson & Peterson completes two recreation facilities in Greenville, Texas
A 120,390-square-foot SportsPark Center and an expanded Reecy Davis Sr. Recreation Center have both opened in Greenville, Texas, following construction that began in September 2024. The projects,...
- Texas and California move to restrict data center permits amid political backlash
Texas Governor Greg Abbott has ordered a halt to new environmental permits for data centers connecting to the state's electrical grid, while California is also moving toward tighter restrictions....
- Equus Capital Partners Acquires 226-Unit Chicagoland Multifamily Asset in Geneva
Equus Capital Partners has purchased Ashford at Geneva, a 226-unit garden-style apartment community in the Chicago suburb of Geneva, Illinois, through a joint venture with a domestic public...
- CBRE sells 374-unit Milwaukee multifamily portfolio for $60M
Weidner Apartment Homes has sold two adjacent Milwaukee apartment communities totaling 374 units for $60 million. CBRE brokered the deal and arranged financing for the buyer. The transaction...
- Bugatti to Brand 60-Story Brickell Tower in First U.S. Residential Play
Prosper Group and Versluys Group have secured Bugatti's nameplate for a 183-unit condominium tower at 66 Southwest 6th Street in Miami's Brickell neighborhood, according to Propmodo. The $650...
- Bay Area Multifamily Hits 97.6% Occupancy as AI Demand and Supply Freeze Drive Investor Rush
San Francisco and San Jose are posting the tightest apartment vacancy rates in the country, with effective rents up as much as 10.6% year-over-year, according to Bisnow. A near-total absence of...
- SCIF Construction Booms Across Greater D.C. as Defense Spending Surges
Demand for sensitive compartmented information facilities is surging across Northern Virginia and Maryland, driven by record defense contract spending and new federal security directives. JLL's...
- Mall values up 13% in a year, leading all commercial property sectors
Enclosed retail has posted the strongest valuation gains in commercial real estate over the past year, according to Green Street data cited by Propmodo. Simon Property Group shares have broken a...
- Northmarq Arranges $29.3M Refi for Koreatown Dining Destination Chapman Market
Arc Capital Partners has refinanced Chapman Market, a 41,000 SF dining and entertainment property in Los Angeles's Koreatown, through a $29.3M loan arranged by Northmarq and funded by Voya...
- CBRE predicts AI will cut U.S. office vacancy from 18.3% to 14.5% by 2031
A new CBRE analysis pushes back on the prevailing view that AI will hollow out office demand, projecting instead that only 5% of U.S. office jobs face serious disruption. The firm forecasts the...