California-based SmartStop Self Storage raised $810M through its initial public offering and began trading on the New York Stock Exchange on Wednesday.

Father-son duo Randall and Chad Miller face civil and criminal charges over an alleged $284M bond fraud scheme that led to the construction of a sprawling sports complex in Mesa, Arizona. 
The Department of Justice and Securities and Exchange Commission filed separate cases Tuesday against the pair, alleging they used forged letters of intent and contracts with well-known pro sports teams, including soccer juggernaut Manchester United, to secure $284M in municipal bonds through the state of Arizona. 

Manhattan’s office market’s hot streak has continued, with 12.2M SF of leases signed in the first quarter.
That’s the strongest period since the fourth quarter of 2019 — the last full quarter before the pandemic — according to a Savills report. Heightened leasing pushed office availability down to 17.7% from 20.1% a year ago.

PGIM Real Estate has raised $2B to build, fill and sell data centers. 

Oceanwide Plaza, the billion-dollar, graffiti-covered, partially built condo project that looms over Downtown LA is still in search of a buyer, but once it sells, its creditors at least know who will be first in line for payment.
A lawsuit to determine lien priority on the maligned set of towers was resolved Feb. 25, with a judge ruling that the project’s lender, LA Downtown Investment, is first in line for payment rather than contractors that are owed millions.

Ronnie Miranda was in the final stages of helping the Occupational Safety and Health Administration plan its downsized lease renewal at a Webster office building when the Department of Government Efficiency included it in a list of leases to be terminated. 

The federal government — historically seen as a stabilizing force in the D.C. region — is morphing into a liability as the Trump administration slashes the workforce, office footprint and funding across agencies. 
Arlington County, directly across the river from D.C., has long been home to government tenants and contractors and has relied on them for its economic prosperity. Like the entire region, Arlington is now staring down a threat to that reality. 
“Let’s face it, our regional economic development model is under major disruption right now,” Arlington Economic Development Director Ryan Touhill said Tuesday morning at Bisnow’s Exploring Arlington County’s Next Chapter event.

Developers have secured the land rights for one of the biggest housing projects in Miami’s history.

With steep new tariffs bearing down, a travel ban in the works and persistent talk of annexing foreign land, hotel owners are wary of the potential travel impacts of President Donald Trump’s policies.
Additional uncertainty has piled on as companies work to complete their recoveries in the face of a growing wave of loan maturities set for this year. 
“As is with a lot of things going on in the economy, it’s very hard to forecast what the President is going to do, and it is conceivable that this isolationism could have a longer-term impact, which is something we’re monitoring carefully,” said Mitchell Hochberg,…

After spending 25 years in commercial real estate building and scaling two contracting firms in New York and South Florida, both of which are still active, and delivering over $2B in construction projects, Eric DeSimone is building something for himself and his team.
In February 2025, he launched DeSimone Builders, a general contractor that combines the approach of a contracting firm with the mindset of an owner, DeSimone says.
“I’ve had a successful career generating hundreds of millions of dollars for others,” DeSimone said. “Now I’m taking everything I’ve learned and applying my winning formula to create a better, smarter, more efficient construction…