In the News—Week of September 28, 2026

 In The Title Trove

Deal of the Week

Thomas Title & Escrow successfully closed a $9,614,450 commercial sale in Germantown, WI, for Cirrus Property Group highlighting continued investment in the multifamily development market. The transaction was handled by Thomas Title & Escrow, LLC, led by Business Development Officer Jake Wilson and Escrow Officer Paige Garcia. The property involved a land sale, with Cirrus Property Group and Associated Bank involved in the transaction. Successful transactions are built on strong partnerships, careful execution, and a team committed to getting the details right. We’re proud to have helped bring this deal to a successful close. Congratulations to all parties on a successful close and we appreciate you trusting us with your transaction.

National

San Francisco renter mulls offer of $35,000 to vacate her apartment

San Francisco renter Serabeth Mullaney is weighing a $35,000 offer from her landlord to vacate her apartment, the New York Post reports. She hasn’t accepted because the thought of finding a new place in the city worries her more than the money helps. She has been sharing her dilemma on TikTok, where she called the search a “nightmare” and noted that the landlord also wants her to sign a nondisclosure agreement. Buyouts like this are common in San Francisco, where strict tenant protections limit rent hikes, so landlords often pay existing renters to leave and then re-list the unit at current market prices. Mullaney’s offer is close to the city’s median buyout, and it pales next to the record $475,000 paid to a Presidio Heights couple who gave up a seven-bedroom rent-controlled flat.

National

Portland officials decide to back off idea to fine owners of vacant properties

Portland, Oregon, officials have shelved a contested plan to charge fees to owners of long-vacant commercial properties, KATU-TV reports. The move followed a city-commissioned study that found the approach unlikely to help. Downtown office vacancy is at a record high, with Colliers data showing roughly 28% of office space empty citywide in the second quarter and nearly 39% in the downtown core. The study concluded that weak demand and expensive build-out requirements, not owner neglect, are behind most of the empty space, and that a fee would be costly to administer, could hit small and local owners hardest, and would do little to fill buildings.

National

Commercial real estate generates $600 billion in GDP, study shows

Commercial buildings generated $609.9 billion in economic output last year and supported nearly 3.9 million jobs nationwide, the Scotsman Guide reports. Every dollar spent producing an estimated $2.22 in return. The figures come from a University of Colorado Boulder study, written by the Leeds School of Business for the Building Owners and Managers Association International. It examined 35.4 billion square feet of office, retail and industrial space across 79 markets, which accounted for $274.9 billion in direct spending and about 2.4 million direct jobs, and it credited the buildings with adding $344.4 billion to GDP and supporting $219.4 billion in personal income. New office construction rose 3% to more than $90 billion in 2025, with data centers making up nearly 46% of it, up from 5% a decade ago, while retail construction fell 8.5% to $47.1 billion and industrial dropped 7.9% to $274.2 billion. Early 2026 data show office and retail construction each up 7.1% through March, though industrial is down 14.3% after a boom that more than doubled activity between 2020 and 2024.

National

NFL Dolphins owner Ross now controls entire Boca Raton Innovation Campus

Related Ross, the firm led by Miami Dolphins owner Stephen M. Ross, has bought the entire Boca Raton Innovation Campus, a 124-acre former IBM site with 1.7 million square feet of office space, in a deal whose price was not disclosed, the New York Post reports. The purchase marks the company’s entry into the Boca market, which has emerged in recent years as a sought-after South Florida office district. Two connected buildings at the campus’s core are more than 90% leased, and the latest major tenant, D-Wave Quantum, moved its headquarters there from Palo Alto, California. Ross said the acquisition gives defense tech, technology and financial services firms another option besides West Palm Beach when they expand in the region. He has put more than $10 billion into Palm Beach County since 1998, starting with the City Place development, and his West Palm Beach holdings include over 3.2 million square feet of offices, five apartment buildings and retail, wellness and restaurant space, along with a $100 million gift to bring Pine Crest School to the city.

Arizona

Greater Phoenix office market performs better than other metro areas in West

Greater Phoenix is standing out as one of the West’s sturdier office markets, AZ Big Media reports. Figures from Yardi Research show August vacancy of 17.2% coming in just under the 17.8% national rate and unchanged from a year earlier, according to the report built on data. Most other major Western markets sit at 20% or higher, with only Los Angeles (14.5%) doing better. San Francisco (25.9%), Seattle (24.7%) and San Diego (24.2%) have the region’s worst numbers. Phoenix is also relatively affordable, with average asking rents of $29.78 per square foot, up 1.7% from a year ago but below the $33.20 national average. Investors are active, with $929 million in office sales through August at about $202 per square foot, the fourth-highest volume in the West, even as developers stay cautious with only about 400,000 square feet under construction. Office-using employment in metro Phoenix grew 1.3% year over year in July, its strongest showing since mid-2022 and behind only Austin and Houston. Office jobs fell 0.2% nationwide.

Arizona

Chronic pain treatment firm moves HQ to Scottsdale from California

Lifekind Health, a chronic pain treatment provider previously based in Southern California, is moving its global headquarters to Scottsdale, AZ Big Media reports. The Scottsdale site will house executive leadership, administration and the tech team behind Savas Software, the platform the company uses to scale its care approach. The headquarters has been operating since January 2026. The company bought its first Arizona clinic in May, with a surgical facility due to open in September, and it is pursuing acquisitions and partnerships with local providers while its nonprofit foundation prepares community programs for veterans, seniors and other underserved groups. CEO Alon Moritz, who has now moved two companies from California to Arizona, credited the state’s talent, regulatory climate and momentum. The region’s healthcare sector added nearly 50,000 jobs from 2018 to 2023 and is projected to grow 25% over the next decade, well above the 17% national rate.

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