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The U.S. life sciences real estate sector is moving toward a gradual rebalancing as development activity contracts, investment sales recover and funding conditions strengthen, according to Cushman & Wakefield. While elevated vacancy and softer rents continue to weigh on near-term fundamentals, a reduced construction pipeline and improving demand indicators are positioning the market for healthier long-term growth.

TMG Partners, one of the San Francisco Bay Area’s largest mixed-use property developers, and Grove Real Estate Partners, a multidisciplinary commercial real estate investment firm, in a joint venture with Lone Star, have acquired Washington Holdings’ class A R&D portfolio, the largest and most cohesive institutionally owned 2.2 million-square-foot collection of predominantly single-story research and development properties in Silicon Valley.

Avila Real Estate Capital, which finances land acquisition, development and construction for homebuilders and land developers across the United States, has closed a $305 million credit facility with a master-planned community developer to fund the development and construction of more than 3,000 lots in California.

Tishman Speyer has closed on the acquisition of Songdo CoStay, a stabilized 411-unit living asset in Songdo, Incheon, South Korea.

Tishman Speyer has refinanced The Franklin, its two-tower office complex in Chicago’s West Loop, with a $340 million commercial mortgage-backed securities loan.

MaxCap has secured a new $400 million mandate with APG, on behalf of its Dutch pension fund clients, further deepening the firms’ long-term partnership.

Mapletree Investments Pte. Ltd. has secured more than $500 million in equity commitments for the first close of its emerging Asia logistics development strategy.

Younghee Choi has joined H.I.G. Capital’s capital formation group as head of Asia. Based in Hong Kong, Choi will lead capital formation efforts across Asia for H.I.G.’s global private equity, credit and real assets platforms.

Cohen & Steers Real Estate Opportunities Fund, a fund managed by Cohen & Steers, has acquired Oak Hill Plaza, a shopping center in Austin. The acquisition was made through a joint venture with Trademark Property Co., a real estate investor, developer, and operator with expertise in retail assets in Texas.

Over the past two years, commercial real estate has become captivated by artificial intelligence (AI). Capital has poured into the infrastructure needed to support AI. Conference agendas are dominated by discussions of power, hyperscalers and compute capacity. Nearly every conversation about the future of real estate eventually finds its way back to AI.

Blackstone is offering to sell as much as a 25.03 percent stake in India's Knowledge Realty Trust through an offer for sale that could raise approximately INR 119.88 billion ($1.26 billion), according to Reuters.

Korea Post has appointed IGIS Asset Management and Capstone Asset Management to manage a KRW 500 billion ($360 million) domestic real estate loan fund, according to Asia Asset Management.

Kennedy Wilson has partnered with Shimizu Corp. to develop Caldwell, a 382-unit luxury multifamily community in Sandy Springs, Ga.

Eight of the 10 best U.S. metros for purchasing a newly built home are in the South, according to Realtor.com's second annual Top Metros for New Construction report.

Hamburg-based Union Investment Real Estate GmbH is restructuring the management areas that make up its real estate platform in response to changing market requirements. The new organizational structure will replace the existing four management areas with three: fund management, real estate management and operations.

Four Points by Sheraton Sydney, Central Park has been sold to Singapore-based Hoi Hup Realty Pte Ltd. for $201.8 million, marking the group’s first entry into the Australian property market.

Fundraising continues to be challenging for many fund sponsors. Second quarter data compiled in July from PitchBook suggests that private capital fundraising remained stagnant in the first half of 2026, particularly in private equity, real estate and other real assets, and is concentrated in a small set of larger, established managers. Investors have not received their capital back from earlier funds, asset values remain uncertain and there is the threat of future interest-rate increases.

The Meridian Group (TMG) and Harrison Street Asset Management (HSAM), an alternative global investment management firm with approximately $109 billion in assets under management, in partnership with HLM Associates, has announced the acquisition of the Stoneleigh and Newbrook campuses, a five-building, 431,000-square-foot office portfolio in Chantilly, Va.

Canyon Partners Real Estate announced that it has jointly provided a $74.7 million senior construction loan with J.P. Morgan to BCT Development, a joint venture between Bain Capital Real Estate and Cherry Tree Development, for the ground-up development of a class A rental townhome community located in Riverside, Calif.

Brennan Investment Group has recapitalized two portfolios containing 22 buildings totaling 1.12 million square feet in Moorestown, N.J., and Nashville, Tenn.