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July 1, 2025
FBI's new headquarters destination changed to down the street instead of DC suburbs
The Trump administration officially canceled plans for the FBI to move its headquarters to suburban Maryland and instead said the agency will relocate to another office complex in Washington, a move that keeps thousands of workers in downtown D.C.
July 1, 2025
Suburban Phoenix center sells for $645.1 million as mixed-use sites draw investors
Mixed-use properties featuring not only retail but residential and office space have found favor with investors this year, with one in Arizona just fetching $645.1 million.
July 1, 2025
Chicago office building, known for unique basketball court, nears $247 million refinance
A building in Chicago’s Fulton Market that has emerged as a high-demand destination for both office tenants and basketball players is close to landing $247 million in new debt, showing that the value of top properties is rebounding despite challenges in the sector nationally.
July 1, 2025
Construction spending declines; Job openings hit six-month high; Office attendance edges lower
Construction spending declines
July 1, 2025
Former furniture store near South Carolina Capitol prepped for redevelopment
A former furniture store that had served downtown Columbia, South Carolina, since the early 1970s is set to be transformed into a mixed-use development.
July 1, 2025
CBRE hires landlord Irvine’s Chicago office leasing team
After signing a lease to move its Chicago office to a 60-story office tower along the Chicago River, the world’s largest commercial real estate brokerage is hiring the leasing team from Irvine Co. that landed the deal.
July 1, 2025
New York OKs financial plan to help bring completion of Hudson Yards
The New York City Council has signed off on a financing plan that will move forward a proposal by developers Related Cos. and Oxford Properties to complete Hudson Yards, the largest U.S. private development, on Manhattan’s far west side.
July 1, 2025
Developer buys San Francisco office building where moviegoers first saw 'Star Wars'
At 10 a.m. on May 1, 1977, an invitation-only crowd of moviegoers gathered at the Northpoint Theater in San Francisco for the first public screening of "Star Wars."
July 1, 2025
New Denver apartments bulk up what is already one of nation’s largest pipelines
The influx of apartments is still outweighing demand among tenants, yet many developers have been looking beyond Denver's short-term supply challenges by placing bets on the city's long-range trajectory.
July 1, 2025
Champs ups its game with rollout of redesigned stores
Champs Sports is putting a new spin on its stores, unveiling a reimagined design in two locations that now offer a broad selection of footwear and apparel, as well as what the company calls "product storytelling."
July 1, 2025
New York approves stabilized apartment rent increases for fourth straight year
New York has approved annual rent increases for about 1 million rent-stabilized apartments for the fourth straight year. The move comes as both landlords and tenants contend with inflation and other economic pressures, and the city’s Democratic mayoral front-runner has made freezing rent a key campaign pitch.
July 1, 2025
Berkeley paves the way for apartment buildings alongside charming, single-family Craftsman homes
In its latest move to try and help solve California’s housing crisis, Berkeley officials have passed a new law that allows the building of duplexes, fourplexes and small apartment buildings in most neighborhoods around the city.
July 1, 2025
This downtown LA tower reflects latest national approach to fight homelessness
In the Skid Row area of downtown Los Angeles, a new 17-story tower designed to house hundreds of homeless people is opening, partially marking a record local push to find that population permanent housing. It's also joining cities across the country in stepping up similar investments aimed at economic stability.
July 1, 2025
Faropoint buys 30 properties in latest deal for small flex office, industrial buildings
The shallow bay industrial market is popular among commercial property investors, and Faropoint, one of the most active players in the space, has closed one of its largest deals.
July 1, 2025
Office complex sells to venture in one of Houston’s biggest deals by square footage in recent years
A joint venture has closed on what is one of Houston's biggest office acquisitions by square footage in recent years.
July 1, 2025
Largest hotel deal in Spanish history, Mare Nostrum Resort Tenerife sells for €430M
Spanish hotel firm Spring Hotels Group acquired the 1,037-room Mare Nostrum Resort Tenerife from Brookfield Asset Management for €430 million ($506.7 million). Business advisory Colliers helped broker the off-market deal and called it the largest single-hotel deal in Spanish history.
July 1, 2025
Developers score final approval to rebuild part of historic Miami Beach hotel
The Miami Beach City Commission has given Terra and Deauville Associates the go-ahead to bring back the city’s iconic Deauville Hotel as part of a wider redevelopment project that may include branded residences.
July 1, 2025
New York's office leasing recovery moves into its next phase
While much of the conversation about the U.S. office sector centers on "recovery," the reality for New York City is far more promising.
July 1, 2025
Rental income up 8% for Argan
In the first half of 2025, Argan, a real estate company specializing in the development and rental of premium warehouses, recorded rental income of €105.8 million, up +8% on the same period last year. This growth is essentially due to the full-year effect of the 8 deliveries in 2024, which mainly took place in the second half of the year, as well as to the rent review (+3.45%) on January 1, 2025, according to the real estate company.
July 1, 2025
Soap opera star sells historic Los Angeles theater
A mixed-use property with deep theatrical roots in South Pasadena, California, has sold for $4.34 million, marking the end of an era for its longtime owners, one of whom is a familiar face to soap opera fans.

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