The Real Deal

A joint venture between Ohio-based Geis Companies and Illinois-based Westminster Capital sold the newly constructed Meridian Business Campus at 16101-16301 Parallel Drive to Capital Partners, according to a news release from JLL Capital Markets, which repped the seller. The campus, developed by the seller and completed in 2023, spans 208,400 square feet. The average building size is 52,000 square feet, and the average suite size is 19,000 square feet, the release said.

Wheeler taps CBRE to sell 35 assets in portfolio deal Grocery-anchored retail properties are all the rage in commercial real estate, but one operator in the space is seeking to sell a majority of its assets.

The property’s owners, New York-based 601W, are battling market headwinds at various properties across the city.

CoStar first reported that Ortega is progressing towards a deal to buy the 51-story tower from billionaire Donald Bren's Irvine Company. Earlier this year , Eastdil Secured brokers confirmed they were hired by Bren to explore options for the tower.

The U.S. Supreme Court handed local governments a significant win in the fight over home equity theft, ruling that homeowners whose properties are seized and sold for unpaid taxes generally aren't entitled to compensation based on a home's full market value.

The New York-based investor purchased the 821-room hotel at 5 Embarcadero Center, across from the historic Ferry Building in the Financial District, the Commercial Observer and SFGate reported. The seller was Sunstone Hotel Investors, based in south Orange County.

The fight to represent New York in the state Senate and Assembly served as a fraught battleground of left-leaning candidates facing off against incumbents. Their wins — particularly those endorsed by Mayor Zohran Mamdani and the Democratic Socialists of America (as well as the Working Families Party) — stand to have an outsized impact on influencing city and state policy on the real estate industry and beyond.

The nonprofit affordable housing developer filed plans to raze its office hub and replace it with an apartment building at 3590 Elm Avenue, Urbanize Los Angeles reported . The 13,100-square-foot, single-story offices built in 1961 would be demolished.

The nine-story, 632,000-square-foot property at 5400 Westheimer Court was mostly vacated by Enbridge in 2022. Spectra was acquired by Enbridge Inc in 2017, and then moved to a smaller space in Houston's Energy Corridor in 2022. Before the 2022 move, Enbridge occupied all but 12,000 square feet of space in the building, according to Bisnow

The 15,000-square-foot home at 513 Middle River Drive in the Sunrise Intracoastal neighborhood was designed, developed and listed by Prestige Homes Development founder and CEO Dov Stark. It's the highest-priced residential listing in Broward County, according to a Prestige Construction release.