City of Boca Raton closes on roughly $17 million for new municipal office buildingThe city purchased the office building at 6551 Park of Commerce Boulevard from Meridian Park of Commerce, LLC for about $17.4 million.
Building is mostly vacant, few existing tenants, minimal renovation expected before city occupancy.
Purpose: to relocate roughly 430 city employees displaced by the planned redevelopment of the City Hall campus (including the Building Administration & Code Enforcement functions).
Fifth Avenue’s $400M Makeover: NYC's Retail Corridor Gets a Real Estate RevivalNew York City is placing a $400 million bet on the future of its most iconic retail corridor — and real estate investors should be paying attention.
How New NYC Composting Rules Impact Real Estate ProfessionalsAs of April 1, 2025, New York City’s new composting regulations are in effect, and they bring significant changes for property managers and real estate professionals. Here’s what you need to know:
NYC Real Estate Tax Revenue Hits Record $37 Billion, Anchoring Nearly Half of City's BudgetIn FY 2024, NYC set a record with $37 billion in real estate tax revenue, making up 47% of total tax intake, with commercial properties contributing 82% of the property tax base.
Ben Belack and Jason Oppenheim Lead Real Estate Push for Wildfire Recovery ReformsCalifornia Governor Gavin Newsom has signed an executive order aimed at expediting the rebuilding process for wildfire victims in areas like Pacific Palisades and Altadena.
City of Chicago Announces Winners of Central Manufacturing District RFPThe winner of the Central Manufacturing District Request for Proposals (RFP) has been recently announced by the Chicago Department of Planning and Development. The site is located at 1769 W Pershing Road in McKinley Park, just west of the S Ashland Avenue intersection. Following numerous community meetings, the city has chosen the winning team, composed of IBT Group, Inherent l3c, Epstein, APMonarch, and Site Design Group.
Federal Government Pledges $2 Billion in Funding for Red Line Extension in ChicagoThe Chicago Transit Authority (CTA) has received a major funding boost for its long-awaited Red Line extension to the South Side. The federal government has pledged $1.973 billion for the project, which will cover just over half of the total cost.
City of Chicago Releases First Renderings for Logan Square Station OverhaulInitial renderings have been released for The Logan Square’s CTA Blue Line’s station at 2620 N Milwaukee Avenue upcoming extreme makeover.
Biden-Harris Admin Unveils Proposal for Commercial-to-Resi Conversions Amid 30-year-high Vacancy RateThe Biden-Harris Administration has unveiled a series of initiatives aimed at addressing the issue of high commercial building vacancies across the country, while simultaneously tackling the shortage of affordable housing units. These comprehensive actions are set to have a significant impact on housing affordability, energy efficiency, and environmental sustainability.
Disney Makes $40 Billion Contribution to Florida's Economy Amid Legal Feud with Governor DeSantisDisney, the entertainment giant, is making significant economic contributions to Florida's economy, even as it finds itself in a legal and political dispute with Governor Ron DeSantis.
Chicago Mayor Appoints Real Estate Expert For Planning & Development RoleMayor Brandon Johnson has appointed Ciere Boatright, the Vice President of Real Estate and Community Development at CRG, to lead the Chicago Department of Planning and Development. This significant decision comes after the departure of Maurice Cox, who served in the position for four years and stepped down in August.