JBG Smith, the largest publicly traded real estate owner focused exclusively on the D.C. region, is feeling the pain from the Trump administration’s aggressive push to shrink the federal government. 

Kilroy Realty got a leasing boost in the third quarter from San Francisco’s rapidly rebounding real estate market, but it still has a large wave of impending vacancies.
The Los Angeles-based REIT signed approximately 552K SF of leases in Q3, with 315K SF of those leases renewals. That total is Kilroy’s highest-ever third-quarter performance. 
Kilroy also reported that of the 1.9M SF of leases it had previously reported as expiring in 2026, it had signed renewals for all but 970K SF, giving the company a 40% retention rate. 
However, most, if not all, of those remaining 970K SF are expected to move out, CEO Angela Aman…

The nation’s leading developer of lab buildings watched its shares lose 19% in value Tuesday after reporting widening losses, shrinking operating income and open spaces lingering on the market longer than anticipated.
Alexandria Real Estate Equities posted a $234.9M net loss in the third quarter, more than double its losses from three months prior, according to its quarterly earnings statement, which was released Monday evening.
A dramatic change in guidance spooked investors. Alexandria had previously projected it would bring in 50 cents of net income per share in 2025, but it revised that to a projected $2.94-per-share loss.
It attributed the change in part to expected losses from dispositions,…

Merchants Bank of Indiana revealed it had fewer bad loans attributable to mortgage fraud in its most recent quarter. The regional bank wrote down about $30 million in loans in the third quarter, citing declines in multifamily valuations and ongoing investigations into borrowers suspected of mortgage fraud.  This marked an improvement from last quarter, when Merchants revealed it wrote down $46.1 million in loans, making it one of the first banks to acknowledge problems pertaining to an ongoing investigation into commercial mortgage fraud.  Merchants reported its third-quarter earnings on Wednesday. They come during a time when regional banks are hoping […]

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Joshua Feldberger of Universal Abstract pleaded guilty to playing a minor role in a multimillion-dollar mortgage fraud case. The Department of Justice charged Feldberger of Howell, New Jersey, in September 2024, along with Arthur Spitzer and Mendel Deutsch — both Toms River, New Jersey-based — over a scheme that allegedly allowed Spitzer to obtain loans for real estate properties he never owned. Prosecutors alleged Spitzer orchestrated a ploy in 2019 and 2020 in which he identified properties in New Jersey or Brooklyn without mortgages or mortgages below the property’s market value.  Spitzer would then obtain loans on those properties he […]

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A 28-year-old man stabbed two teenagers during a flight from Chicago to Frankfurt, according to federal prosecutors.

A Brooklyn lawmaker wants to reopen the city’s door to Airbnb — at least partway.  Councilmember Mercedes Narcisse introduced a bill last week that would let owners of one- and two-family homes rent out their properties short-term without being present, Crain’s reported. The deal would be a partial rollback of New York City’s 2023 crackdown that effectively banned most Airbnb listings. The proposal would allow up to four adult guests for stays shorter than 30 days.  Narcisse’s bill revives familiar political lines: support from lawmakers representing middle-class Black neighborhoods that rely on rental income and opposition from housing advocates who […]

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Children’s retailer Carter’s, parent of OshKosh B’gosh, is shuttering 150 underperforming stores and laying off 300 employees as a result of tariffs impacting its bottom line. 
U.S. retail demand is up, but so are the costs of tariffs — to the tune of nearly $250M, CEO and President Douglas Palladini told CoStar.
Carter’s net income amounted to $11.6M in the third quarter, a stark drop from $58.3M at the same time last year.
The retailer expects $200M to $250M in additional costs due to tariffs imposed by the Trump administration. During fiscal year 2024, imports cost it $110M, Carter’s executives said on an earnings call.
Carter’s is…

Brookfield Asset Management has announced an agreement with the Trump administration to accelerate development of new nuclear power projects. 

Cannon Hill Capital and its partners refinanced their Netflix-leased Union Square office building to the tune of $130 million. DekaBank and Crédit Agricole provided the financing for 888 Broadway, the owner told The Real Deal. In addition to Netflix, the 220,000-square-foot building — which includes an annex next door at 38 East 19th Street — is home to the software company Atlassian. The retail is leased to ABC Home & Carpet and a trio of restaurants run by Jean-Georges. William Equities’ Michael Cohen, who joined Cannon Hill and Eyal Ofer’s Global Holdings in recapitalizing the property earlier this year, said […]

This article originally appeared on The Real Deal. Click here to read the full story.