Basketball star Kevin Durant's family office and an investment partner were selected to purchase a former amusement park property outside Washington, D.C.
Hotel performance across major U.S. markets continues to show that strong demand and high rates do not automatically translate into strong profitability. Labor remains a significant factor regarding profitability, with markets that keep labor expenses in check converting similar occupancy levels into materially stronger gross operating profit.
MetLife Investment Management named Andrea Drasites as global head of real estate and agricultural finance, effective Oct. 1. Drasites will join the firm from investment giant Blackstone Group, where she held several leadership positions over the past 13 years. She most recently served as a senior managing director in Blackstone's real estate group, after earlier roles at Equity One and Woolbright Development.
CBL Properties closed on a $43 million loan secured by Northwoods Mall in North Charleston, South Carolina, retiring a maturing debt obligation and unlocking millions in previously restricted cash flow.
More than 67,000 multifamily units have been completed in Houston since 2023, and roughly 18,000 remain vacant, underscoring the scale of the supply overhang.
Sun Wing Supermarket, a regional grocery chain specializing in Asian food products, has renewed its lease for 29,854 square feet at Lion Square, a retail property located at 10780-10804 Bellaire Blvd. in Houston.
At first glance, Hines' recent purchase of a sprawling self-storage facility on the outskirts of downtown Chicago is a contrast to the gleaming office towers or luxury storefronts for which it is known.
As Texas multifamily markets work to find balance, slowing international in-migration in the state’s largest markets could disrupt demand for multifamily housing.
Houston grew its metropolitan population by 126,720 people on a net basis between 2024 and 2025, according to recently released estimates from the U.S. Census Bureau.
ATLANTA — Concord Hospitality celebrated a major milestone last year in its 40th anniversary, and the Raleigh, North Carolina-based hotel management, ownership and development company has its eyes set on another 40 years, starting with bolstering its footprint in the full-service and extended-stay segments.
Sysco, the largest U.S. food distributor, is buying Jetro Restaurant Depot in a $29.1 billion deal to expand into a fast-growing and profitable part of the restaurant industry, with plans to open more than 125 new stores around the country.
Camden Property Trust, one of the country's largest apartment owners, elevated its president to CEO to succeed cofounder Ric Campo as the real estate investment trust restructures its portfolio to focus more on high-growth Sun Belt states.
CIM Group said Moshe Bajnon joined the real estate investment and development firm as president and co-head of its global client group. Jason Fisher will take on expanded responsibilities after also being named president and co-head of the global client group, the Los Angeles-based company said. Bajnon and Fisher will seek to expand business through its wealth management and institutional channels, working with a team of 75 professionals.
This week's column examines how a Utah bank is expanding its multifamily lending, a landmark Pittsburgh tower facing maturity risk and rising rates hurting borrowers' ability to refinance. Read the entire piece by clicking "read more" below.
Edloe Ventures, a Houston-based family office, acquired Greenhouse Medical Plaza, a three-story Class A medical office building at 2051 S. Greenhouse Road in Houston, for an undisclosed price.