Thursday, January 15, 2026
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CaliforniaCivicDevelopmentMixed-UseStudent HousingTop StoriesWestern

Greystar Delivers $282M Student Housing Development at UC Law in Downtown San Francisco

by John Nelson

SAN FRANCISCO — Real estate development firm Greystar has delivered Academe at 198, a $282 million student housing property in downtown San Francisco. Located at 198 McAllister St. in the city’s Civic Center district, the mixed-use property is Phase I of the Academic Village expansion at UC Law San Francisco, formerly known as UC Hastings College of the Law. Academe at 198 spans 14 stories and features 656 units (667 beds) for students at UC Law SF, as well as faculty and staff. The property website also says students from nearby University of California San Francisco, San Francisco State University, University of San Francisco and University of the Pacific Dugoni School of Dentistry can apply for housing. The units come in a variety of layouts: efficiency (232 square feet); studio (275 square feet); one-bedroom (397 square feet); and two-bedroom (568 square feet). Monthly rental rates begin at $1,850 for an efficiency apartment, which is below market rates, according to the property website. In addition to housing, the 365,000-square-foot property includes 43,000 square feet of office and academic space that is leased and operated by UC Law, including an incubator space for start-up tech firms that doubles as event space called LexLab. …

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DevelopmentGeorgiaRestaurantRetailSoutheast

Red Door Revivals Breaks Ground on Roswell Junction Food Hall in Metro Atlanta

by John Nelson

ROSWELL, GA. — Red Door Revivals, a locally based development firm led by Will Coley, has broken ground on Roswell Junction, a new food hall in Roswell’s historic district. The site of the 12,000-square-foot venue formerly housed Atlanta Street Baptist Church, which moved to a church in nearby Woodstock, Ga. Red Door is retrofitting the church building for the venue and is working on integrating parking and other infrastructural elements into Roswell Junction. Roswell Mayor Kurt Wilson and other city officials participated in the groundbreaking ceremony. Slated for completion this summer, the venue will house eight different food concepts and three bars, including an indoor/outdoor bar. The food hall will feature a bandstand, covered patio, arcade, big screen media, outdoor games, children’s play space and a fenced dog area. Pat Garza of National Food Hall Solutions will operate Roswell Junction upon completion.

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DevelopmentGeorgiaOfficeSoutheastTop Stories

Intuit Opens 360,000 SF Regional Office, Mailchimp Headquarters in Atlanta

by John Nelson

ATLANTA — Intuit (NASDAQ: INTU), a global financial technology platform, has opened its 360,000-square-foot office in Atlanta’s Old Fourth Ward neighborhood. The 10-story space will serve as a hub for the company as the only Intuit office in the Southeast, as well as the corporate headquarters for Mailchimp, a locally based email marketing platform that Intuit acquired in 2021 for $5.7 billion. Atlanta-based New City Properties delivered Intuit’s new space as part of the developer’s Fourth Ward development. The office sits along the Eastside Trail of the Atlanta BeltLine, a 22-mile rail loop that connects 45 distinct neighborhoods around the city. Mailchimp was formerly headquartered in Ponce City Market, Jamestown’s massive mixed-use redevelopment that also sits on the Eastside Trail in Old Fourth Ward, two blocks away from the new office building. The new space at Fourth Ward will accommodate nearly 1,000 current Intuit employees and provide space for future growth. The office is already one of Intuit’s top five largest campuses globally. “It’s no secret that Atlanta is a bustling tech ecosystem that Mailchimp has been central to for over 20 years,” says Rania Succar, senior vice president and general manager of Intuit Mailchimp. “Our beautiful new workspace is …

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Company NewsDevelopmentRetailTop Stories

JPMorgan to Open 500 New Chase Bank Branches, Renovate 1,700 Over Next Three Years 

by Jeff Shaw

NEW YORK CITY — JPMorgan Chase & Co. (NYSE: JPM) announced plans today to expand its brick-and-mortar footprint by adding 500 Chase bank branches over the next three years. The New York City-based institution also plans to renovate 1,700 existing bank locations across the United States. New branches will expand JPMorgan Chase’s footprint in existing markets like Boston; Washington, D.C.; Charlotte, N.C.; Philadelphia; and Minneapolis. The company will also enter several new markets, including low- to moderate-income rural communities that previously had little access to traditional banking service. The multi-billion-dollar expansion effort will also contribute to local economic growth through the addition of 3,500 new employees, including construction jobs and local hiring upon completion, according to the company.  JPMorgan first announced expansion efforts in 2018 with a $20 billion economic growth effort that included the addition of 400 new Chase branches over the subsequent five years. Since that time, the company has added more than 650 new branches, including 400 locations in 25 new states.  Brick-and-mortar expansion efforts by JPMorgan have marked a stark shift in strategy, as a number of rival banks have been closing branches over the past few years and shifting more toward digital banking efforts. This year, Chase …

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Walmart
ArkansasDevelopmentRetailSoutheastTop Stories

Walmart Plans to Add 150 New Stores, Remodel 650 Existing Locations 

by Katie Sloan

BENTONVILLE, ARK. — Walmart (NYSE: WMT) has announced plans to expand by more than 150 new stores over the next five years, both through new construction and converting existing buildings.  The first two stores under this initiative — both under the company’s smaller-format Walmart Neighborhood Market banner — are scheduled to open this spring in Santa Rosa, Fla., and Atlanta. The company is currently finalizing plans for 12 new projects, one of which will be the conversion of a smaller existing location into a large-format Walmart Supercenter, which serves as both a grocery store and a full department store. Walmart simultaneously released plans to remodel 650 of its existing stores across 47 states and Puerto Rico over the next 12 months. The new and renovated locations will all feature the Bentonville-based company’s “Store of the Future” model, which includes improved layouts, expanded product selections and the integration of new technology.  The “Store of the Future” features expanded pharmacies and updated vision centers, with pharmacies moved toward the front of the store; activated corners with product displays that allow customers to interact with items and visualize them in their lives; digital touch points throughout the store to provide information on products …

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TREB2024-Survey-Factors
Market ReportsTexasTexas Market Reports

Texas 2024 Outlook: ‘Dry Powder’ Will Be King, Say Survey Participants

by Taylor Williams

By Taylor Williams For the last several years, as COVID-19, inflation and interest rate hikes have chronologically rocked the commercial real estate industry, the term “dry powder” has increasingly factored into investment discussions. While the term generally refers to cash or capital that is parked on the sidelines, 2024 could well be the year for its deployment.  There are several basic reasons for endorsing this notion. First, at its December meeting, the Federal Reserve signaled that it would cut rates three times this year, which should theoretically make debt financing more accessible and less expensive — though the extent of that depends on the magnitude of the reductions.  Second, as evidenced by the stock market tear following that announcement, investors are itching to deploy capital and will rally around just about any reason to do so, proven or not.  Third, there is roughly $537 billion in commercial real estate loans that will mature next year, according to New York City-based Trepp. This staggering volume of impending maturities in a high-interest-rate environment all but assures that some assets will be forced into sales, whether by owners pre-default or lenders post-default. And finally, the 10-year Treasury yield — the benchmark rate against …

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Industrial Lee & Associates Q4 2023
AcquisitionsContent PartnerDevelopmentFeaturesIndustrialLee & AssociatesLoansMidwestMultifamilyNortheastOfficeRetailSoutheastTexasWestern

Property Owners Recalibrate Expectations Following Financing Challenge, Shifting Vacancy Rates

by Sarah Daniels

High costs, modulating occupancies and a lack of financing options reshaped the industrial, office, retail and multifamily sectors in the fourth quarter of 2023, signaling the determining factors for 2024, according to Lee & Associates’ 2023 Q4 North America Market Report. The industrial sector saw stabilizing tenant demand — the number of new buildings delivered increased in the fourth quarter, while new construction starts slowed. Meanwhile, the office sector’s struggles deepened as more than half of the office leases signed pre-2020 approach their expiration by 2026. With low-rate loans maturing into a high-rate environment, the factors troubling the office sector seem insurmountable in this decade. In the retail market, low vacancies did not lead to booming construction in that sector in the last quarter of 2023 — financing costs plus land and labor costs have hampered new development in spite of high demand. Finally, the health of multifamily markets is tied closely to geography. Sun Belt multifamily properties and their Midwest and Northeastern market counterparts are seeing reversals from the multifamily trends of 2021: formerly fast-growing Sun Belt markets are experiencing slowed rent growth or rent decline, while rent growth for slower-growing, major North and Midwestern metros has grown steadily. Lee & Associates …

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Disneyland-Christmas-Parade
Affordable HousingDevelopmentHospitalityMultifamilyRetailTop Stories

Disney Proposes $1.9B Expansion of Disneyland Theme Park in Anaheim

by Taylor Williams

ANAHEIM, CALIF. — The Walt Disney Co. (NYSE: DIS) has proposed a $1.9 billion expansion of its Disneyland Resort and surrounding neighborhood in Anaheim, south of Los Angeles in Orange County. If approved, the various new projects would be carried out within 10 years of the approval date, with the potential for another $600 million in capital investment to follow. The proposal, known as DisneylandForward, calls for new attractions and hotels to be constructed on the west side of Disneyland Drive. In addition, the theme park’s operators are looking to add new shopping, dining and entertainment space to the southeast at a site that currently houses parking for the Toy Story attraction. The proposal was originally discussed with the Anaheim City Council last Thursday. According to a summary of that meeting, the proposal does not request that any new acreage, square footage or hotel rooms be developed, but rather that approved development plans be shifted onto lands that Disney already owns. As part of the proposal, Disney would invest about $85 million of its own money in various infrastructural improvements in the area, including upgrades to parking structures, roads and pedestrian bridges. To make the project possible, the City of …

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IllinoisMidwest

Inland Founder, CEO Daniel Goodwin Dies at Age 80

by Kristin Harlow

OAK BROOK, ILL. — Daniel Goodwin, founder, chairman and CEO of The Inland Real Estate Group of Cos. Inc., has passed away at the age of 80. A native Chicagoan, Goodwin earned his bachelor’s and master’s degrees from Illinois public universities. Upon graduation, he worked as a science teacher on the city’s West Side for five years before embarking on his real estate career. Since Oak Brook-based Inland’s inception in 1968, the company grew under Goodwin’s leadership into one of the nation’s largest commercial real estate, investment and finance groups. Collectively, Inland entities have raised over $26 billion in capital, conducted over $80 billion in commercial real estate transactions, sponsored over 800 investment programs and founded six Inland entities that either listed on or merged with a public company on the New York Stock Exchange. Goodwin has received hundreds of local and national business, civic and philanthropic awards. Consistent with Inland’s long-term succession plan, the board of directors has appointed current Inland CFO Anthony Chereso as Inland’s CEO, effective immediately. Chereso has more than 30 years of experience in finance, commercial real estate, capital markets and the alternative investment industry.

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Bacara-Wildomar-CA
Company NewsMultifamilyNew YorkNortheastSingle-Family RentalTop Stories

Blackstone Agrees to Buy Tricon Residential for $3.5B, Take Company Private

by Taylor Williams

NEW YORK CITY AND TORONTO — Affiliates of Blackstone (NYSE: BX) have entered into an agreement to acquire Tricon Residential (NYSE: TCN) for $3.5 billion in a deal that will take the Canadian owner-operator private. The transaction is expected to close in the second quarter. One of the acquiring entities, Blackstone Real Estate Income Trust (BREIT), already has an 11 percent ownership stake in Tricon Residential following a $240 million equity purchase in 2020. Under the terms of the deal, the New York City-based global asset manager will acquire all outstanding shares of Tricon’s common stock for $11.25 per share in cash. The per-share price represents a 30 percent premium over Tricon’s closing stock price on Thursday, Jan. 18 and a 42 percent premium over the weighted average share prices of the last 90 days. Blackstone intends to maintain and leverage the Tricon platform as it undertakes $1 billion of single-family residential development in the United States and $2.5 billion of traditional multifamily development in Canada. Tricon’s U.S. platform encompasses roughly 2,500 single-family residences in various stages of development, as well as numerous land holdings that can support an additional 21,000 homes. Tricon’s apartment development pipeline in Canada consists of …

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