Online property portal group CoStar has signed a definitive agreement to buy residential data specialist Zonda for 800 million dollars in cash. The acquisition brings Zonda's major B2B property information framework and its prominent consumer platforms under the CoStar umbrella. The deal targeting North American new-build housing data is expected to close during the final half of 2026.
US trade association Nareit has rolled out its new PropTech and Innovation Partnership to bridge the gap between commercial property professionals and emerging tech firms. Artificial intelligence specialist Fifth Dimension has joined the 2026 pilot program as its first official participant. The initiative aims to track digital tools impacting real estate operations ahead of a planned full-scale expansion across the sector next year.
US real estate firm GID has launched its national development platform, GID Residential Partners, into the Boston housing market. The expansion into the supply-constrained region will be led by industry veteran Chris Spendley, who joins the firm as Managing Director. Spendley brings over two decades of multifamily experience to the role, having previously overseen billions in transactions and thousands of residential units.
Episurf Medical has signed a SEK 660 million deal to acquire 45 vehicle inspection and logistics properties from Lilium. The acquisition adds SEK 49 million in annual rental income to Episurf's growing Nordic real estate platform, expanding its industrial footprint across Sweden with a highly occupied portfolio backed by stable public and private tenants.
Rockfield Real Estate and pension fund ABP have launched a €350 million joint venture to develop more than 2,000 affordable, eco-friendly homes for students and young professionals in the Netherlands. The initiative aims to tackle severe housing shortages in key Dutch student cities, offering large-scale complexes with communal facilities to help young people successfully transition through early career stages and improve overall market mobility.
Houston real estate investment firm Griffin Partners has expanded its senior leadership team to manage its growing national portfolio. Kelly Agent has been promoted to Chief Operating Officer, and long-serving principal Lee Moreland has been appointed as Chief Portfolio Officer. The executive changes aim to scale operations across the company's 6.7 million square feet of commercial property.
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