A boutique hotel off Westheimer Road that was memorialized in song by rapper Drake before shuttering last spring is officially being remodeled and rebranded.

A study from UCLA and Rand says it’s found a “causal link” that shows that the city’s real estate transfer tax, Measure ULA, has probably led to a decline in the construction of new apartments.
Released Friday, the study found a decrease in sales of property usually developed into multifamily projects. The study’s authors estimate that Measure ULA has resulted in at least 1,910 fewer units per year.
Because these projects are the main vehicle for the construction of the city’s income-restricted affordable housing, that segment of the market is affected as well, with the report estimating at least 168 fewer affordable units are being built per year. These are “conservative…

WeWork has reached a deal to stay at the Rosslyn office tower CoStar Group bought for its headquarters, though it is moving to a smaller space in the building. 

As part of a plan to produce as much as a half-trillion dollars of artificial intelligence infrastructure in the U.S. over the next four years, Nvidia has set off to build more than 1M SF of factories.

Even amid unprecedented economic uncertainty, S3 Capital is sticking to a formula that has netted it more than $5B in loan volume since the lender’s inception in 2013.

Kennedy Wilson and AXA IM Alts have completed the refinancing of circa €447M of maturing debt secured against five apartment assets in Dublin and Cork that form part of a 50-50 Irish joint venture established in 2018.
The five-year facility has been secured from Wells Fargo and Deutsche Bank following a process run by Eastdil that received strong interest from lenders, according to the joint venture partners. It is also a welcome boost to Ireland’s debt market, which has been keen to attract more international capital.
The fully leased assets include Clancy Quay, Sandford Lodge, the Alliance and The Grange East in Dublin, plus…

Dallas-based Lincoln Property Co. is officially getting into the brokerage business. 

Meridian Capital Group, one of the country’s largest commercial brokers, says it is off a blacklist and back on the inside with Fannie Mae.

The parent company of Gillette unveiled plans for a massive mixed-use development on its longtime South Boston campus.

Philadelphia tenants forced to vacate rentals deemed uninhabitable by the city’s inspectors often struggle with the moving expenses that follow, but one lawmaker is hoping to provide them some support.