Notes on buildings, tenants, and the market.

Google signed a full-building lease on Austin’s Sail Tower in 2019. All 804,000 square feet of it, 35 stories, brand new. Then nobody moved in. The tower sat essentially dark until late 2025, and for roughly the last ...

A half-floor unit on the 94th floor of 432 Park Avenue sold this month for $22 million. It was asking $33 million two years ago. The seller’s trust took a $9.5 million loss against what they paid in 2019. The listing ...

U.S. occupiers leased 127.3 million square feet in the first half of 2026. Strongest first half since 2019, 13% ahead of last year, and the second quarter alone ran about 9% above the average quarterly pace of 2017 ...

Commercial real estate adopted AI faster than anyone predicted. Lease abstraction, underwriting support, market analysis, document summaries. Then, at almost every firm, the same ritual: a human goes back and checks the ...

Six million fans walked into 16 stadiums this summer with no paper ticket, no badge, and mostly no line. Their face was the credential. Their phone planned the trip from hotel to seat. And a command center watching ...

WeWork locations are running 88 to 92% occupancy. The company that became a business school case study in how to vaporize $40 billion is now fuller than most of the Class A towers that outlived it. Propmodo told the ...

Office vacancy tightened in more than half of major U.S. markets in the second quarter. Los Angeles went the other way: 25.8% and climbing, with Downtown at a brutal 35.3%. Bisnow covered the split this week, and CBRE ...

Some landlords are making a million dollars a year on space they never leased.

On Tuesday, Governor Hochul signed the nation’s first statewide moratorium on hyperscale data centers.

88% of commercial real estate investors and owners have started AI pilots, per JLL’s global technology survey of more than 1,500 senior decision-makers.

Legal office leasing is running 46% above its pre-pandemic average. Tech leasing, the sector everyone spent a decade designing offices around, is down 8% against the same baseline.

The biggest development in Brooklyn just erased its office component entirely. Cirrus Real Estate Partners and LCOR presented a revised plan for Atlantic Yards Phase II this week.

Brookfield Is Leaving DC Office. Here’s What The Buyers Are Doing That Brookfield Wasn’t.

New York’s office market is having its best year since the pandemic. Vacancies are tightening, sublease space is shrinking, rents are inching up, and return-to-office is running ahead of every other major U.S. city.

Graduation unemployment for 22-to-27-year-olds just hit its highest rate since the Global Financial Crisis. Not a great time to be entering the workforce.

The State of REX 2026 is here. See the data behind CRE’s experience-led divide, and what the operators pulling away are doing differently.

Tech firms leased 11.5 million square feet of office space in Q1 2026. A decade-high 23% of all U.S. leasing activity, according to CBRE.

JLL published new data yesterday. Its Global Credit Intensity Rating hit all-time highs. Lenders are fighting to put money to work in commercial real estate.

Piedmont REIT announced on June 1 that it had signed 240,000 square feet of new leases in the second quarter through that date.

In mid-May, Meta cut 8,000 employees. In the same earnings call, the company raised its 2026 data center spending forecast to $125-145 billion. Up 8 percent from its prior estimate.