3+ hour, 26+ min ago (166+ words) Mapletree Investments has broken ground on two industrial developments in two of Chicago's suburbs. Located at 1360 Schiferl Road in Bartlett and 3600 Houbolt Road (formerly known as 23551 Vetter Road) in Joliet, the properties are scheduled for delivery in Summer 2026. Known as the Bartlett Commerce Center, the 149,100-sq ft building at 1360 Schiferl Road sits on an 8.2-acre parcel adjacent to Mapletree's existing 400,000-sq ft warehouse. When complete, the building will feature 36-foot clear heights, 42 dock doors, two drive-in doors and 181 car parking spaces. Located within the established Brewster Creek Business Park, the property offers proximity to key transportation routes " it's just 1.3 miles from Route 59, 7.5 miles from 1-90, 13 miles from I-88 and 14 miles from I-355 " and access to a dense labor pool." Morgan/Harbour Construction is the general contractor for 1360 Schiferl Road. Keeley Construction is the general contractor for 3600 Houbolt Road....

6+ hour, 23+ min ago (388+ words) Hawaii County plans to convert the Dolphin Bay Hotel in Hilo into studio and one- and two-bedroom apartments for residents earning up to 50% of the state's annual area median income. Hawaii County's Office of Housing and Community Development has purchased the Dolphin Bay Hotel in Hilo, with plans to convert guest rooms into 18 affordable rentals, officials announced Friday. Located in the Puueo area of Hilo, the hotel at 333 Iliahi St. was started by the Alexander family in 1968. In buying the longtime establishment, the county tapped $2.68 million in federal funding from its Emergency Rental Assistance 2 Program, the news release said. According to the county, studio and one- and two-bedroom apartments will be available for residents earning up to 50% of the state's annual area median income. In 2025, 50% of the AMI amounts to $53,200 for a single person and $76,000 for a four-person family, according…...

11+ hour, 41+ min ago (607+ words) Indian real estate has been one of the most resilient asset classes, creating wealth for a lot of Indians who chose to invest in it. With the Indian growth story and advent of technology, real estate is on a very strong growth trajectory. The industry is projected to grow to a $5-10 trillion market by 2047, contributing nearly one-fifth of the country's GDP The industry is transforming but the process to become a part of it has been still stuck in old ages. One needs to go through multiple steps from identifying the right area, the right asset, the right opportunity as just the start. This is followed by multiple rounds of due diligence and checks on the real estate one wants to purchase and then plethora of paperwork that follows the purchase. This does not even factor in the pain of…...

22+ hour, 25+ min ago (338+ words) By the time you read this column, Thanksgiving will be relegated to leftovers and gridiron scores. You've all enjoyed family and possibly gone to Irvine Regional Park to take your annual Christmas portrait. Maybe you've even ridden the Christmas train. But as the leaves continue to turn and fall, I wanted to take this opportunity to give thanks for an amazing commercial real estate year and those that made it so. I'm thankful for the folks at the Southern California News Group, especially my editor, Samantha Gowen, for their continued confidence and allowing me to publish my missives here on a weekly basis. I'm grateful for all of the offices throughout the Lee & Associates network, which allowed me to take their valuable time and deliver seminars on the QUALIFY framework. This year found me publishing my very first book, The…...

1+ day, 3+ hour ago (338+ words) By the time you read this column, Thanksgiving will be relegated to leftovers and gridiron scores. You've all enjoyed family and possibly gone to Irvine Regional Park to take your annual Christmas portrait. Maybe you've even ridden the Christmas train. But as the leaves continue to turn and fall, I wanted to take this opportunity to give thanks for an amazing commercial real estate year and those that made it so. I'm thankful for the folks at the Southern California News Group, especially my editor, Samantha Gowen, for their continued confidence and allowing me to publish my missives here on a weekly basis. I'm grateful for all of the offices throughout the Lee & Associates network, which allowed me to take their valuable time and deliver seminars on the QUALIFY framework. This year found me publishing my very first book, The…...

1+ day, 4+ hour ago (272+ words) The developer would be required to sign a lease providing for the city to lease the Lexington-Grove'West Garage for a period of two years to operate as a public parking'garage. That section of the Galleria Garage was closed by the city on Oct. 30 due to a need for structural repairs. The Lexington-Grove East Garage remains open. The developer Galleria City Holding Company LLC is based in White Plains. Project sponsors are the LLC along with Louis Cappelli's Cappelli Organization, Pacific Retail Capital Partners based in Los Angeles, SL Green Realty Corp. based in New York City, and Aareal Bank Group, which is based in Germany. In June, modifications in the planned project were presented to the Common Council. These included a reduction in the number of apartments that would be built, dropping to 3,001 units from the 3,200 originally proposed. There would…...

1+ day, 22+ hour ago (176+ words) Basin Street Properties has named Niels von Doepp of Cushman Wakefield as its Broker of the Quarter. In making the Nov. 18 announcement, the real estate development firm said the award is presented to exceptional brokers for "contributions to our industry, their communities, and Basin Street's success." "(von Doepp) combines sharp market insight with integrity, creativity, and a solutions-oriented mindset," said Jacob Chaparian, Director of Leasing for Basin Street Properties. "His competence and collaborative approach make him a trusted partner and an integral contributor to the North Bay commercial real estate community." "Partnering with Basin Street is always a pleasure," von Doepp said. "Their team brings a forward-thinking, relationship driven approach that aligns perfectly with how we strive to serve our clients." The Cushman Wakefield broker has more than 20 years of commercial real estate experience, with expertise in expert in tenant…...

1+ day, 22+ hour ago (290+ words) Alpha Realty markets two renovated Manhattan walk up multifamily buildings at 151 East 30th Street and 446 West 55th Street, totaling 31 apartments in Kips Bay and Hell's Kitchen, and lists them at $18.5 million for investors seeking free market turnkey multifamily assets in Manhattan. New York, NY, United States, November 29, 2025 -- Alpha Realty, a New York City based investment sales brokerage, has been exclusively retained to market two renovated walk-up multifamily buildings in Manhattan's Kips Bay and Clinton / Hell's Kitchen neighborhoods. The properties, located at 151 East 30th Street and 446 West 55th Street, total 31 apartments across approximately 17,600 square feet. Located between Ninth and Tenth Avenues, 446 West 55th Street is a five story walk up totaling 20 apartments, 90 percent of which are free market, across approximately 9,155 square feet. Also renovated in 2021, the Hell's Kitchen building offers strong in-place income with additional upside potential in one of Manhattan's most active residential corridors. "These…...

1+ day, 23+ hour ago (563+ words) A California-based firm has plans for a nearly billion-dollar data center near Love Field. Equinix Inc. outlined details of the project in two filings with the Texas Department of Licensing and Regulation last week. The first filing is for a four-story, 372,517-square-foot data center as well as fixtures, mechanical and electrical equipment at 1550 W. Mockingbird Lane. Estimated construction costs are nearly $543 million. Construction is expected to begin in February and be completed by October 2027. The second filing is for the interior fit-out of the first and second floors. Estimated construction costs are nearly $294 million. Construction is expected to begin in September 2027 and be completed by March 2028. Margulies Hoelzli Architecture of New York is the project architect. Details in TDLR filings are preliminary and subject to change. The site was previously home to Balfour Publishing, and Equinix has owned the property since…...

2+ day, 3+ hour ago (963+ words) [Business News | Data-Driven Leasing: How Tenant Mix Drives Retail ROI]Get latest articles and stories on Business at LatestLY. Delhi-NCR [India], November 28: The retail real estate landscape is evolving into a far more intelligent and intuitive ecosystem. Instinct and legacy brand appeal are now being complemented and often guided by sophisticated data insights. Developers today are mapping catchment behaviour, footfall patterns, spending profiles, and dwell times with precision, using these indicators to curate experiences rather than just lease spaces. Amid this scenario, the tenant mix has become a refined exercise in strategy, bringing a balance between aspiration and utility. By aligning fashion, F&B, entertainment, and daily retail needs through data-led decisions, developers are maximising both engagement and return on every square foot. Business News | Data-Driven Leasing: How Tenant Mix Drives Retail ROI Get latest articles and stories on Business…...