Ben Ashkenazy’s Ashkenazy Acquisition Corp. acquired the Beverly Hills Neiman Marcus site, which spans two city blocks in the prime Golden Triangle section of the city. The price was not disclosed. 
The property at 9700 Wilshire Blvd. is located on the corner of Beverly Hills where Ashkenazy’s property portfolio encompasses the former Barneys building on Wilshire Boulevard, now occupied by Saks Fifth Avenue, and other retail sites. With this transaction, Ashkenazy’s holdings in the Golden Triangle come to 350K SF, the firm said. 
The acquisition makes New York-based Ashkenazy the largest owner of retail space in Beverly Hills, according to a release announcing the transaction. 
The city has seen at least one…

Manufacturing and life sciences investments, particularly Eli Lilly’s $6.5M monster pharmaceutical production facility, provided the biggest reasons for Houston’s commercial real estate industry to be optimistic this year.
Professionals in the office, retail and multifamily asset classes had to look a little harder for data points to energize their entry into 2026, though limited construction pipelines and solid performance at the top end of the market bolstered rental rates and occupancies.  
Life Sciences

A senior executive with Atlanta Housing is facing a host of federal fraud charges over her alleged scheme to illegally collect Section 8 housing assistance while overseeing the nation’s largest federal rental assistance program for the city.

Amazon is opening another location of its new small-store Whole Foods format as it works to find a successful version of convenience-style, in-person grocery shopping. 
Referred to as Daily Shops, these outposts offer quick-service items like grab-and-go foods and wellness products. Amazon intends for the concept to grow the Whole Foods brand without taking on the costs and space needed for a traditional location. 
Daily Shops stand at around 4,800 SF to 8,000 SF, a fraction of the typical 40K SF needed for a Whole Foods store. The tiny format is meant to easily fit in high-traffic areas, like city centers, and…

Red Lobster is still navigating rough waters a year after it emerged from bankruptcy, and lease terms at some of its locations appear to be part of the problem.

The Kansas City Chiefs have decided to leave the stadium that has served as their home for more than 50 years, lured by more than $2B in taxpayer money.

New York City’s chain store count keeps sliding, even as storefront vacancies remain tight and food brands keep expanding.  The number of national retailers across the five boroughs fell 1.3 percent over the past year, a net loss of 112 locations, marking the sixth decline in eight years, according to the Center for an Urban Future’s 2025 “State of the Chains” report. The pullback was driven by the city’s biggest and most entrenched players. Seven of the 10 largest chains shrank their footprints, losing a combined 92 stores. Starbucks led the retreat, closing 42 locations since late last year, while […]

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Starting the week of Jan. 7, the Dept. of Education will begin sending notices about paycheck deductions to about 1,000 of five million borrowers in default.

BXP reached an agreement to lock in stable leadership as the office landlord navigates the choppy recovery of commercial real estate’s worst-hit sector during the pandemic. 

Steven Shi is ending the year by beginning a first venture into Brooklyn. The developer behind FBL Development and Golden Stone Management filed plans for a 30-story, 158-unit project in Downtown Brooklyn, Crain’s reported. The site at 245 Duffield Street is home to a vacant two-story building, formerly a Planet Fitness gym. The permits submitted to the Department of Buildings call for a 100,000-square-foot project with 4,600 square feet of ground-floor retail space. Residential amenities will include a golf simulator, swimming pool, sauna and fitness center. It’s unclear if the units will be rentals or condos, though previously filed paperwork […]

This article originally appeared on The Real Deal. Click here to read the full story.