President Donald Trump suspended the most sweeping tariff regime in modern history in a post to his social media site Wednesday afternoon.
For Astrak US’ Calum Mair, the temporary stay offers only the smallest of windows to make real estate decisions. 
“A sort of click of the fingers, and this is in effect. There’s just not enough time, too much uncertainty,” said the commercial director for the manufacturer of construction and heavy equipment parts. “There’s going to be market backlash. People are going to be challenged.” 
The new administration has a vision for the United States that includes rebuilding the country’s manufacturing base, one that…

The owner of the 2.4M SF Destiny USA, New York’s largest mall, has defaulted on a $300M mortgage on the property. 
An independent auditor’s report, presented with the most recent financial statements of parent company Pyramid Management Group, says, “These conditions raise substantial doubt about the company’s ability to continue as a going concern,” Syracuse.com reported. 
The default happened when Carousel Center Co., the Pyramid Management Group entity that owns the original part of the mall, didn’t lock in an extension on the loan’s maturity date last June.
Its failure to do so rendered null a forbearance agreement on the loan, the balance of which, including unpaid interest, came due…

Chicago’s office market is showing evidence of a pulse on the leasing side, though tariffs and capital markets disruption could throw a wrench into some of the positive momentum.
Overall vacancy rate ticked up 10 basis points to 23.4% to kick off the year, according to a Colliers Q1 office report. But the muted increase in vacancy doesn’t tell the full story of potential leasing activity as the year progresses, one office tenant representative told Bisnow.

The U.S. General Services Administration has backed off of plans to exit a purpose-built office building in the Nashville suburbs owned by Global Net Lease. 

Private equity giant Blackstone is making a $718M bet on the U.S. warehouse industry despite inconsistent tariff policies that threaten to ignite a global trade war. 

Embattled hotel chain LuxUrban Hotels’ history of withholding rent from landlords has caught up to it, as its portfolio has shrunk to just a handful of properties.

Brookfield Property Partners failed to pay off a quarter-billion dollar mortgage tied to the Pembroke Lakes Mall last month, and the debt has now been transferred to special servicing.

The 85-mile stretch of Interstate 4 between Tampa Bay and Orlando is one of the hottest regions in the country for real estate development. Located close to almost half of Florida’s population, I-4 is home to more than 400 distribution centers, as well as scores of multifamily, mixed-use and other developments.
But while the corridor is growing quickly, getting information about the state of development there — or in any other area in the country — can be a slow, laborious process. It requires poring through dense public records or driving around an area to identify opportunities.
Artificial intelligence is changing that process. 
With…

Rams owner Stan Kroenke has unveiled a multibillion-dollar mixed-use project planned for a 100-acre site in Warner Center that will include a new team headquarters for the NFL’s Rams. The Gensler-designed project could be moving dirt as soon as 2027 if all goes to plan. But the buildout on the project, which could cost $10B, is expected to take as long as a decade to complete, the Los Angeles Times reported.
“We are well positioned to get going,” Kroenke told the LA Times last week at annual NFL meetings. “We’re working hard on it and it’s exciting.”
The plan is for the new HQ, which will also…

Biting cuts came to the nation’s health and science agencies last week, with thousands of layoffs and millions in budget reductions roiling organizations like the National Institutes of Health and Department of Health and Human Services.
The reductions in overall spending capacity and grant funding will clamp down on a key pipeline that pumps dollars into the life sciences sector, a hindrance likely to place more strain on an already stumbling segment of the commercial real estate market. 
Coupled with rampant uncertainty in financial markets, trying to divine the size and duration of the cuts’ impact has touched off a new wave…