Key facts
- The Senate has advanced a housing bill.
- Build-to-rent advocates are seeking clarification on the bill's details.
- Texas Governor Abbott is considering additional regulations for the state's data center growth.
- Commercial real estate allocations are being shaped by the K-shaped economy.
- A significant fire occurred at a cold storage facility in Boyle Heights, prompting emergency declarations.
- Charles Cohen has paid off a $187 million judgment to Fortress.
- Morgan Stanley is evaluating a potential $1.3 billion office tower project in Uptown Dallas.
The Senate has advanced a housing bill, with build-to-rent (BTR) advocates seeking further clarity on its implications. This legislative development occurs amidst a flurry of other real estate news, including Texas Governor Abbott's consideration of additional regulations to manage the state's booming data center industry.
Commercial real estate allocations are reportedly being shaped by the dynamics of a K-shaped economy. In corporate real estate news, a national architecture firm is planning a relocation to 1900 Lawrence Tower. Separately, a significant cold storage fire in Boyle Heights prompted emergency declarations.
In financial and transactional news, Charles Cohen has settled a $187 million judgment with Fortress. Third & Urban has signed seven new office tenants at Alpharetta Park, and IQHQ has secured a full-building lease at the Andover Life Sciences Campus.
Industry veteran Bill Passo, founder of Passco Cos., passed away at the age of 84. Experts suggest that co-locating health and technology sectors could elevate Denver's innovation capacity. Meanwhile, Morgan Stanley is reportedly considering a $1.3 billion office tower in Uptown Dallas, and Pimco is pursuing an investment strategy focused on rehabbing older real estate assets with an emphasis on climate considerations.