Pembroke, a global real estate investment adviser that started in Boston 28 years ago, announced its purchase of Proto, a 218-unit apartment complex in Cambridge's Kendall Square, as it continues to seek out high-quality residential properties to diversify its portfolio of largely office and mixed-use properties. BXP, formerly Boston Properties, which developed Proto in 2018, sold the 95% occupied multifamily property for an undisclosed price.
In the latest sign of the changing strategy for one of the world’s biggest real estate firms, Brookfield Properties has put a high-profile retail building on the market in downtown Los Angeles as it looks to free up capital for other investments with capital markets easing.
Billionaire Stephen Ross is ending 2025 with one of the state’s largest construction loans after a year of budget-busting financing fueled some of South Florida’s most anticipated developments.
Global real estate asset manager Hines said it’s been selected to oversee one of Baltimore’s largest redevelopments, a roughly 1.1 million-square-foot mixed-use venture, as ownership of a future phase of the project gets reworked.
Weeks after pulling off the highest-priced multifamily sale in Chicago since 2023, a California investor has paid $89 million for a nearby tower in the Streeterville neighborhood.
Denver’s industrial market cooled in 2025 as net absorption dipped into negative territory and the construction pipeline continued to decelerate. However, most of the space losses occurred in the first half of the year, and vacancy expansion has slowed, indicating that the market could stabilize in the months ahead.
A partner in the development of a Charlotte, North Carolina, distribution center that was recently leased to Amazon has taken full control of the property.
Orange County’s industrial sector is navigating a challenging landscape as new supply is completed amid a period of contracting demand. Deliveries are projected to reach nearly 2 million square feet in 2025, approaching the 20-year high of 2.5 million square feet in 2023. With 80% of the space completed in 2025 or under construction available for lease, owners are offering concessions and cutting rents to attract tenants.
Strategic Property Partners, the developer behind the multibillion-dollar Water Street Tampa mixed-use development, has unveiled plans for a new entertainment district in the heart of downtown Tampa.
After a turbulent few years marked by pandemic-driven supply imbalances, Reno, Nevada’s apartment market is continuing its steady climb back toward stability. Taking 2024 as an inflection point and 2025 as the start of recovery, then 2026 is shaping up to be another year of improvement.
Potbelly Sandwich Works expects to open 50 new locations next year, including its first store in Atlanta, as part of an aggressive growth plan that follows its acquisition by a Southeast convenience store chain.
Multifamily construction in Boise, Idaho, has weakened dramatically as 2025 comes to a close. A dearth of new groundbreakings through late 2025, coupled with a steady completion schedule, has severely limited the number of units underway.
The latest big-ticket office sale in Beverly Hills — the ritzy retail corridor in greater Los Angeles — shows that athletic retailer Alo is on a shopping spree of its own.
Brookfield’s retail arm is committing to a long-term extension of its Chicago lease in a sprawling River North office building, providing some good news for bondholders of a $310 million loan on the property that is in default.
A Chicago developer plans to knock down a medical office building near Diversey Harbor on the city’s North Side and replace it with an approximately 300-unit residential high-rise, joining a queue of multifamily projects in a market where rent growth has outpaced most of the country.