Market: New York

After a tough two years, commercial real estate lenders are back in action.

CBRE has fully acquired co-working firm Industrious for $400M, boosting its total valuation to $800M.

Macy’s is closing 66 stores, kicking off its plan to exit traditional malls and focus on smaller, experiential locations—a move reshaping retail and commercial real estate.

Developers are focusing on luxury apartments, leaving affordable housing in the dust.

JCPenney and Sparc Group have merged to form Catalyst Brands, a $9B retail powerhouse.

Dubai-based EDGNEX Data Centers, a DAMAC subsidiary, is entering the U.S. market with a $20 billion initial investment targeting 2000MW of capacity over four years.