A venture between Formation Interests and Crescent Real Estate has broken ground on Phase II of Formation Park 10, a 261,168-square-foot industrial development in Goodyear, Arizona. The three-building expansion follows the completion of Phase I and will bring Formation Park

Trepp Inc. has reported mixed data on CMBS distress levels lately. The volume of private-label securitized loans that are at least 30 days late declined by $3.49 billion, or 3.7%, in June. Conversely, while the volume of CMBS delinquencies shrunk to $43.98 billion, or

Artificial intelligence has made its way into nearly every corner of commercial real estate over the past two years. Lease abstraction, underwriting, property management, market analysis, deal sourcing, asset management, the list of functions being transformed by AI tools is

In the post-pandemic years of 2023 and 2024, many in commercial real estate believed that although the economy wasn’t great and there wasn’t much money to be made, “survive until ’25” was a mantra to live by.  “Unfortunately, we all survived to ’25 and then nothing

The Durst Organization and The Port Authority of New York and New Jersey announced that Mercor has signed a lease at One World Trade Center for 25,550 square feet on the 77th floor. The term length was not disclosed. With this agreement,

Shuttered since the pandemic, the historic Cinerama Dome in Hollywood and surrounding 14-screen movie theater are set to reopen under the management of Alamo Drafthouse Cinema, a unit of Sony Pictures Entertainment. CBRE’s Nicole Mihalka, along with Carl Muhlstein of

Roselle Grande, a 119-unit garden-style apartment community located at 220-250 W. Sumner Ave. in Roselle Park, NJ, has changed hands for an undisclosed price, in a transaction arranged by SAGE Real Estate Advisors. The firm’s brokerage team of partners and co-founders Steve Tragash and Greg Pine, alongside