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San Diego Turquoise Tower Stalls, Pacific Beach Showdown

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What Is Turquoise Tower (Project Vela)? Where the Pacific Beach skyline has long been constrained by voter-approved height caps, Turquoise Tower, also filed as Project Vela, proposes a 23-story high-rise. It is described as exceeding the area’s long-standing height limits . It would be at 970 Turquoise Street on a 0.8-acre site in North Pacific Beach. Elsewhere in Mission Valley, the Riverwalk development is moving forward with over 4,000 new homes planned. It would reach 238 feet 4.5 inches with FAR 8.37. Plans cite 408,641 developed square feet across four parcels total. Disruptive use mix Developer 970 Turquoise LLC of Los Angeles proposes 74 homes and 139 visitor accommodation units over a garage. The program includes 10 deed-restricted affordable units and 292 parking spaces. Design features and team opacity Design features include a seven-floor garage to the lot lines plus two subterranean levels. Architect background is not identified in the provided facts, leaving design autho...
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Chicago Loop Owner Buys Mega Office Tower, Bold Bet

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How Much Did Menashe Pay for 125 S. Wacker? Multiple reports put Menashe Properties’ purchase price for 125 S. Wacker Drive at $51.5 million. That equals about $94 per square foot on 547,000 square feet. The pricing underscores shifting Class A demand toward premium office space in sought-after locations even amid broader office-market uncertainty. The deal was financed with under 50% debt , according to reporting on the transaction. Price Signals CoStar’s purchase confirmation cited nearly $52 million. A source familiar with the deal reiterated $51.5 million. CEO Jordan Menashe confirmed the acquisition to CoStar News. Crain’s Chicago Business also cited $51.5 million. One report listed $50 million. That’s a modest variance from the prevailing consensus. The closing timeline was not specified in cited public accounts. Square Footage Uncertainty Published building-size estimates ranged from 547,000 to 640,000 square feet. That spread complicates per-square-foot comparisons. At larger ...
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Flatiron Condos Hit Market, Prices Start Near $11m

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Flatiron Building Condos for Sale Now (Current Listings) Currently, only two four-bedroom residences at 175 Fifth Avenue are publicly listed. This underscores a constrained and tightening availability profile. Public Listings Tighten Corcoran Sunshine Marketing Group is advertising Unit 11 South at $16 million. Unit 6 North is listed at $18.9 million. Both listings tie to the landmark’s office-to-condo conversion. The restoration scope includes replacing all 1,000 windows across the building. The project is led by The Brodsky Organization and The Sorgente Group. These are the only four-bedroom units currently visible. Reports suggest additional residences are already in contract without public marketing. Neighborhood comparisons indicate Flatiron supply is lower than Midtown and Downtown pipelines. Sales Context and Buyer Signals Three-bedroom residences are positioned from about $10.95 million. Reported contracts include a $19.5 million four-bedroom and an $11 million three-bedroom. ...
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D.C. Buyers Rush Back, Deals Feel Like 1993

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Is the D.C. Housing Market in 2026 Heating Up Again? How quickly the D.C. housing market is shifting in early 2026 is showing up in contract activity rather than in prices. That momentum lines up with the region’s broader story of market stability even as inflation and interest-rate shifts temper enthusiasm nationally. Contracts jumped 14% from the previous week and 3% year over year, signaling buyers reentering amid listings. Across the metro, inventory rising is giving buyers more choices and slightly less pressure than the peak bidding-war years. Contracts Surge Forecasts call for 8% to 9.6% higher 2026 sales, reaching 55,650 transactions. Homes are moving faster than 2025, while cash buyers were 21.5% of deals in 2025. Inventory and Prices Under Strain Inventory is expected to rise 14%, with active listings up 44% from 2024-2025 and still climbing. Median prices are projected down 1% to $617,000. Zillow puts DC values at $572,028, down 3.2% through December 2025. Federal uncertai...
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NYC WTC Tower Deal Nears, Amex Eyes Final Slot

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Is American Express Relocating to 2 World Trade Center? How close the talks are has become the central issue in American Express negotiations to relocate from 200 Vesey Street to 2 World Trade Center in Lower Manhattan. Bloomberg reported discussions are advanced, but American Express has not confirmed an agreement or announcement. If finalized, American Express would likely serve as an anchor tenant needed to unlock financing and help push the project toward construction. Deal Status Raises Market Pressure Silverstein Properties manages 2 World Trade Center, and the company is described as nearing a decision. A recent example of private investment aimed at downtown revitalization includes Ben Kinney’s over $10.1 million acquisition of Bellingham’s historic Flatiron building to establish corporate headquarters and spur local economic activity. Any commitment would be a Manhattan leasing event, with 200 Vesey Street expected to be vacated upon completion. Operational Stakes for Anchor...
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Manhattan Office Rebound, Burlington Takes 206K Sf

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2025 Manhattan Office Leasing: Key Stats and Context More than 40M SF of Manhattan office space was leased in 2025, marking the market’s busiest year in at least five years. By some counts, it was the strongest year since 2014. Estimates ranged from 39.8M to 43M SF, with Q4 leasing up 25% quarter over quarter. Key Market Disruption Year-end availability tightened to 13.9% from 16.5% in December 2024. Even so, 73.6M SF remained available. January 2026 registered 13.5%, extending 23 consecutive months of stability or decline. Pricing and Deal Context Average asking rent reached $76 per SF by year end and $77 in January. This remained below March 2020 levels. Trophy Midtown asking rents climbed to $191 per SF, up 12% year-over-year. Sublet dynamics improved as supply fell to 10.7M SF. Lease incentives remained central on major transactions, such as Burlington’s 206K SF lease at 1400 Broadway. What Drove Demand: Class A Flight-to-Quality in Manhattan The 2025 leasing surge was not evenly ...
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Dallas-Fort Worth Is Absorbing Migration at Scale Without Breaking Housing Supply in 2026

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Key Takeaways Supply Elasticity is the Stabilizer: unlike land-constrained markets, DFW’s ability to expand horizontally allows it to absorb massive population growth without triggering the volatile price spikes seen in Austin. The "Boring" Wealth of Scale: The sheer size of the metroplex (8.5 million residents) creates deep market liquidity, meaning there is always a buyer or tenant available, providing a safety net that smaller markets lack. Migration is Diverse and Sticky: Inbound movers are driven by corporate relocations and family upsizing rather than speculative trends, creating a stable, long-term tenant base for buy-and-hold investors. The Unstoppable Engine of North Texas Growth In 2026, the Dallas-Fort Worth (DFW) metroplex is proving a fundamental economic theorem: supply elasticity is the ultimate stabilizer. While Austin struggles with the friction of rapid growth meeting geographic and regulatory constraints, DFW is absorbing a massive volume of ne...
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