JPMorgan Investment Management sold The Polo Lakes Apartments in Wellington for more than twice what it paid. The South Florida Business Journal reports JP Morgan paid $47.75 million for the property in 2002. TA Realty paid $105.45 million for the

KB Home cut its annual gross profit margin guidance to 16.0% to 16.2% from a prior range of 16.1% to 16.5%, citing deteriorating market conditions across its footprint. The company also lowered its housing revenue outlook to $4.9 billion to

Executive Summary The Federal Reserve’s quarter-point increase to a 3.75% to 4% target range began its first tightening campaign since July 2023, with policymakers signaling that at least one more increase may be needed before year-end. Past hiking cycles have ranged

McCourt Partners and Lincoln Property Company said Tuesday that the San Francisco Planning Commission has approved plans for 536 Mission St., with the commission signing off on two distinct plans for the project. Designed by Skidmore Owings & Merrill and

CBRE has signed three office leases across Minneapolis–St. Paul for its advisory local brokerage and business service organization businesses. CBRE signed a 15,586-square-foot lease at Arcadia, 5115 Arcadia Ave. in Edina, for its advisory employees. CBRE’s John Ferlita and John Lorence

Entre Commercial Realty announced the sale of a 142,370-square-foot industrial facility located at 24210 W 143rd Street in Plainfield, Illinois. Mike DeSerto, Cory Kay, and Elisabeth Lazzara of Entre Commercial Realty represented the buyer, while Colliers represented the seller in the

Pacific Retail Capital Partners (PRCP) has formed a joint venture with Conversant Capital LLC to acquire Pacific View Mall in Ventura for an undisclosed sum. The JV combines PRCP’s retail operating and leasing expertise with Conversant’s flexible capital capabilities and