An apartment investor active across greater Seattle sold complexes in the Lakewood suburb as multifamily investment climbs to its highest level in three years in the Puget Sound region.
Southwest Airlines is adding to its Texas presence by creating a crew base and training facility at Austin Bergstrom International Airport, with the state and city offering millions in incentives.
Ampersand Studios, a flexible workspace and production studio brand founded in Miami in 2018, will open its second Nashville, Tennessee, location in February 2026. The new site will occupy the fifth floor of the CAA Creative Office Building at Nashville Yards, 955 Church St., owned Southwest Value Partners.
Canada’s housing crisis has begun to ease as the national apartment vacancy rate has increased to 3.1%, above the threshold that the Canada Mortgage and Housing Corporation says indicates high demand and tighter markets.
After buying a high-profile tower on the Magnificent Mile, a Chicago multifamily developer has scooped up a 132-unit building in a high-demand area of the city’s North Side.
At its final meeting of the year, Miami’s City Commission authorized the sale of a 3.2-acre parcel, clearing the way for redevelopment of Watson Island’s southeastern half.
Beer-making behemoth Anheuser-Busch is selling a 74-year-old brewery — a local landmark that sits across from Newark Liberty International Airport — and closing two other facilities in California and New Hampshire.
Tate Inc., a Maryland-based industrial manufacturing and engineering firm, opened a new manufacturing facility at 1612 AR 304 in Pocahontas, in the far northeast corner of Arkansas. At the ribbon-cutting ceremony for the new 420,000-square-foot facility, Tate announced plans to add a new product line at the new facility and make a $4 million investment to support its continued expansion in the data center sector.
A real estate investment trust out of Denver has completed its acquisition of the Enclave at Potomac Club Apartments in Woodbridge, Virginia, in one of the largest multifamily deals to close in the Washington area this year.
A major multifamily landlord based in Chicago has paid more than $134 million for a 275-unit tower in the city’s West Loop, making one of the largest purchases in an active year downtown.
Two prominent nameplates in Boston are making some big real estate moves with plans to relocate their corporate headquarters, with one stepping in to fill the space that the other is leaving behind.
Nearly 58% of retail inventory in Los Angeles was built before 1980, meaning more than half of retail space is at least 45 years old. Retail properties can have long lifespans, especially when landlords invest in renovations to attract new tenants. However, as demand in Los Angeles has dropped and many spaces remain vacant, landlords have had little motivation to update their buildings without prospective tenants. This is leading to a glut of old, outdated retail space on the market. At the same time, retail construction activity in Los Angeles has reached historic lows. This year, new construction did not exceed 150,000 square feet, compared to an annual average of 1.8 million square feet between 2015 and 2019. Since interest rates started rising in 2022, the average yearly construction starts have declined to 438,000 square feet — a 76% reduction.
Sherman Residential has acquired 909 Flats, a 232-unit Class A multifamily property on the edge of Nashville’s Germantown neighborhood for an undisclosed amount.
A two-property industrial complex in Gaithersburg, Maryland, is now fully leased after the local public school system committed to taking space at the development.
