REALM, in partnership with Delshah Capital and A.M. Properties, has acquired CitySpire, a 377,000-square-foot office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown Manhattan. Purchased at an 8.5% cap rate, the 98% occupied property features renovated common areas, high-end finishes and a roster of tenants including Caleres, Windels Marx Lane & Mittendorf, LLP and New York Road Runners. 

Built in 1987 and maintained by institutional ownership, the property has undergone approximately $22 million in capital improvements and requires no near-term capital expenditures, REALM said, noting that. Manhattan office leasing activity reached pre-pandemic highs in late 2025. 

“CitySpire represents the type of opportunity we seek in today’s market,” said Travis King, founder and CEO of REALM, an investment collective of 130 family offices. “While capital markets remain cautious on office, we see strong fundamentals in premier Midtown assets, where leasing activity and occupancy continue to outperform. CitySpire reflects our focus on highly selective investments with strong downside protection and long-term upside.”  

LV Collective and Culpepper Realty Co. are moving forward on a new luxury student-oriented multifamily housing development in College Station, Texas.  

This housing project, located across from Texas A&M University at 313 College Avenue, is the first of three planned student housing developments that LV and Culpepper Realty will partner on within the larger Legacy Point master plan. The Legacy Point master plan is expected to deliver 2,800 beds of student housing and will include over 50,000 square feet of retail, entertainment, restaurants, and outdoor amenity space. 

The 752,500-square-foot student housing development at 313 College Ave will be seven stories and feature 316 apartments, including studio, 1-, 2-, 3-, 4-, 5- and 6-bedroom units, for a total of 953 beds.  Site work began last week at 313 College Ave., and the project is scheduled to open in Fall 2027 in time for the 2027-2028 academic year.