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U.S. office vacancy projections remain virtually unchanged in a revised forecast from CoStar.

Steel Peak Properties, a Southern California–based commercial real estate investment firm focused on industrial outdoor storage (IOS), has formed a new joint venture with Tarsadia Investments.

Clarion Partners announced that Tripp Braillard, senior vice president, head of defined contribution distribution, has been appointed co-president of the Defined Contribution Real Estate Council (DCREC), a national organization dedicated to advancing the role of direct real estate in defined contribution (DC) retirement plans.

The post-retail environment has reshaped the opportunity set for health care real estate. As retail vacancy has increased, health care providers have gained access to well-located spaces with strong parking, visibility and ease of access — qualities that are increasingly central to patient care and operations. A pricing gap between medical office and net-lease retail has created a compelling investment opportunity in health care real estate. Daniel Eisenstadt, founder and CEO of Terramed Real Estate Solutions, in an interview with IREI, says the trend toward better-equipped, conveniently located, single-tenant health care facilities will grow, reflecting how people live today and their demand for accessibility and expanded hours. At the same time, persistent shortages of doctors, veterinarians, nurses and technicians are shaping real estate decisions, as clinicians increasingly seek environments that allow them to deliver care at the highest level. Older, retrofitted office buildings are often less attractive to in-demand health care workers, accelerating the shift toward modern, purpose-built, or well-converted spaces. Together, evolving patient expectations and workforce constraints are pushing the market toward high-quality, thoughtfully designed health care facilities.

Real estate private markets have never been more sophisticated, more global or more central to institutional portfolios than they are today. Yet for all their growth and maturity, the private markets still struggles with something remarkably basic: clarity. In an environment where billions of dollars hinge on performance reporting, valuation practices, and investor communication, the absence of shared standards creates friction, confusion, and unnecessary cost.

Fannie Mae has provided approximately $74 billion in financing to support the U.S. multifamily housing market in 2025, a year-over-year increase of 34 percent compared with $55 billion in 2024 and the company's largest annual multifamily volume since 2020.

National Real Estate Advisors has made several senior leadership transitions that support the firm’s long-term growth, enterprise coordination and client service.

Institutional investors worldwide are recalibrating their investment approaches as three powerful megatrends — artificial intelligence, energy transition and deglobalization — reshape the global economic landscape, according to preview results from Nuveen’s sixth annual EQuilibrium Global Institutional Investor Survey.

Brookfield Asset Management and Peakstone Realty Trust, an industrial REIT with a strategic focus on the industrial outdoor storage (IOS) sector, have announced that they have entered into a definitive agreement in which a Brookfield private real estate fund would acquire all of the outstanding shares of Peakstone for $21 per share in cash. The all-cash transaction represents an implied enterprise value of approximately $1.2 billion.

LaSalle Investment Management has appointed Matthew Sgrizzi as fund manager of LaSalle Encore+.

Blue Vista Capital Management has announced the appointments of Andrew Schaffler and Justin Yagerman as managing directors – build-to-rent (BTR).

U.S. retail fundamentals ended fourth quarter 2025 on a firmer footing, with availability holding at 5.3 percent — well below the long-term average— and another quarter of positive net absorption totaling 7.4 million square feet, signaling that the wave of mass closures earlier in 2025 has largely been absorbed, according to Newmark.

Following accelerating artificial intelligence (AI)-driven demand and intensifying power constraints, JLL recently published its 2026 Global Data Center Outlook, outlining $3 trillion in total investment over the next five years, including $1.2 trillion in real estate asset-value creation and approximately $870 billion in new debt financing, marking an infrastructure investment supercycle. Building on those findings, Institutional Real Estate, Inc. spoke with three senior JLL leaders – Matt Landek, global division president for data centers and critical environments; Andrew Batson, global head of data center research; and Carl Beardsley, senior managing director and data center leader within JLL Capital Markets – to  explore how power availability, emerging technologies, capital-markets evolution, and shifting development priorities are reshaping risk and opportunity across the data center landscape.

Economist Peter Linneman delivered a pragmatic assessment of the economy during a recent Walker Webcast at Institutional Real Estate, Inc. (IREI)’s VIP Americas event in a market grappling with high interest rates, uneven fundamentals, and economic crosscurrents. In a conversation with Willy Walker, Walker & Dunlop CEO, Linneman offered a sharp, data-driven view of macroeconomic conditions and their implications for commercial real estate investors.

Blue Vista Capital Management has announced the appointments of Andrew Schaffler and Justin Yagerman as managing directors – build-to-rent (BTR).

Continued resilience in new construction starts has prompted Yardi Matrix to increase its forecast for U.S. multifamily completions in 2026, 2027 and 2028.

Avanath Capital Management has acquired Retreat at Valencia, 336-unit mixed-income apartment community near downtown Orlando.

Ekta Patel has been appointed COO at 11North Partners. Based in the firm’s New York office, Patel will oversee firmwide operations, coordination across asset management, and platform infrastructure, supporting the firm’s existing portfolio while enabling future growth initiatives.

The NCREIF PREA Reporting Standards has published Increasing Transparency in Performance Metrics for Private Closed-End Funds, offering long-awaited industry guidance aimed at enhancing clarity, consistency and comparability in performance reporting for private closed-end real estate funds.

Driven by motivated sellers, increased engaged buyers, and greater availability of debt, conditions are aligning for investors who can focus on cash-flow growth and disciplined execution, according to Morgan Stanley’s 2026 Real Estate Outlook.