News/Events
Prosper and Versluys Close $50M Land Deal for $650M Miami Condo Tower
Prosper Group and Versluys Group have paid $50 million for a development site in Miami’s Brickell district, where they plan to build a $650 million condo tower, the joint venture announced. The 1-acre assemblage includes three parcels: one along the Miami River, with more than 300 feet of water frontage, as well as two adjacent…
Brookfield Asset Management Raises Record $77B in Q2
Brookfield Asset Management raised a company record $77 billion in the second quarter of 2026, bringing its assets under management to more than $1 trillion, the investment firm reported in an earnings call Wednesday. Year-to-date, the investor has brought in $98 billion, more than half of what Brookfield raised for all last year. It also…
Return-to-Office Gained New Momentum in First Half of 2026: Report
U.S. office attendance is on the rise, but the return-to-office trend remains a tale of two cities. In the first half of 2026, office visits nationwide rose 6 percent year-over-year, and achieved the narrowest first-half gap from pre-pandemic levels thus far, data from foot-traffic tracker Placer.ai shows. The six-month period of foot traffic marked acceleration…
Krea USA Nabs $62M Construction Loan for Lauderhill, Fla., Rental
Krea USA nabbed a $61.8 million construction loan for a multifamily development in Lauderhill, Fla., property records show. The financing from Abanca Bank covers the 385-unit Le Parc at Lauderhill development, at 3831 Northwest 13th Street, just east of the Lauderhill Mall and North State Road 7. The 10-acre development will include three eight-story buildings,…
In Largest U.S. Multifamily Sale Since 2024, BlackRock Pays $1.63B in SoCal
BlackRock has acquired more than 3,600 rental residential units in Southern California in one of the region’s largest commercial real estate deals in recent memory. It’s also the largest U.S. multifamily sale since June 2024. One of the investment vehicles run by the asset management titan put down $1.63 billion for Camden Property Trust’s 11-property…
Blue Owl Capital Provides $106M to Refi Lowell Hotel in New York City
A historic New York City hotel has received a new round of debt financing. Kensico Properties has secured $106 million to refinance the Lowell Hotel, a 17-story, 74-key luxury boutique hotel on Manhattan’s Upper East that the firm purchased and redeveloped in 1984, Commercial Observer can first report. Blue Owl Capital provided the senior loan,…
AI Song Maker Suno Takes 12K SF at 515 West 20th Street
We can discuss the ethics of artificial intelligence creating art all day long, but the fact is these companies aren’t going anywhere anytime soon, and they need office space. Generative AI music platform Suno has taken 12,048 square feet across the fifth floor of 515 West 20th Street for its first New York City office,…
Ultimate Equity Buys Hollywood, Fla., Townhouse Project for $32M
Ultimate Equity has acquired a 69-unit townhome community in Hollywood, Fla., for $32 million, Cushman & Wakefield announced. The gated community called Royal Oaks in the Emerald Hills neighborhood changed hands in an all-cash 1031 exchange acquisition at a record price per unit for the submarket, and a capitalization rate below 5 percent, Cushman &…
Cushman & Wakefield Sets Second-Quarter Revenue Record
Cushman & Wakefield said Wednesday that its second-quarter earnings were strong enough to boost the commercial real estate services giant’s per-share earnings guidance for the year. “Our results this year demonstrated that we have hit our stride, and we’ve gotten there fast,” C&W CEO Michelle MacKay said Wednesday during the company’s earnings call. “We didn’t…
