News/Events
Senior Housing Sector Faces New Problem In Massachusetts: Deportations Of Employees
Following SCOTUS' ruling allowing the termination of temporary protected status, senior care staffing shortages are set to intensify as demand rises.
New York State Gets One More Shot at Opportunity Zones
When equity for ground-up development disappeared in 2022, Opportunity Zone capital didn’t. Four years later that dynamic is largely the same. But Congress has now rewritten the Opportunity Zone (OZ) program, and New York has just over 60 days to decide where the next decade of OZ capital can go. The reason Opportunity Zone funds…
Elon Musk's Space Data Center Vision Collides With Wall Street's Bottom-Line Reality
SpaceX's first post-IPO earnings report sparks Wall Street concerns over short-term AI spending as the firm chases Musk's space data center vision.
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,…
