Real Estate archive
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6 stories
- Fundraising
European real estate volume hits €171.9B as Q3 slips 4%
Living drew €45.3 billion in nine months, 26% of the total, while UK third-quarter volume rose 5% and France, Germany and Spain fell.
- Deals
ORIX buys AMLI Lenox with $83M New York Life loan
The 391-unit tower was 96% occupied and will be renamed Akari Buckhead.
- Deals
Endeavor buys Carnegie Point in Charlotte for $38.8M
Redline Property Partners sold the 92%-leased, 108,000-square-foot building it bought for $27.8 million in January 2022.
- Sectors
U.S. large industrial new leases hit 92% of peak as renewals fall
Leasing volume still does not equal absorption; relocations and weaker renewals can leave space behind, CoStar says.
- The Wrap
Blackstone opportunistic funds fall 3.2%; core-plus funds gain 1.6%
BREIT raised $1.3 billion while real estate AUM slipped to about $309 billion.
- Who's investing
Sacramento pension commits $50m to Wolff Credit Partners IV
The $15.5 billion plan holds $1.2 billion of real estate against an 8% target, IREI reports.
28 stories
- Deals
Bridge Logistics buys 21.3-acre XPO terminal at half land value
The Santa Fe Springs site is fully leased to XPO; the price and lease term were not disclosed.
- Sectors
Lubert-Adler looks to sell 595,000 sq ft Philadelphia office
The Center City building is 99% leased with eight years of weighted average lease term; the report gives no asking price or loan terms.
- Real estate debt
Northmarq arranges $95.8M Voya refinancing for E&S Ring's 1,461 Southern California apartments
Six non-cross-collateralized loans replace existing debt on E&S Ring buildings in Brentwood, Culver City, Victorville, Los Feliz and Mid-Wilshire.
- Deals
Grover Corlew buys 200 East Broward in Fort Lauderdale for $69.7 million
The Boca Raton buyer plans $20 million in amenities for the 75 percent-occupied, 1991-vintage tower.
- Sectors
Senior housing occupancy in 31 primary markets hits 90.4% as building pace lags need
NIC logged a 21st straight quarterly gain in those markets; just over 16,000 units were under construction in the second quarter.
- Sectors
Marcus & Millichap expects limited new commercial construction to extend rent growth
The October 2026 Construction Outlook brief also flags water and power as constraints and says the next building cycle could slip by several years.
- Deals
SL Green's two Manhattan office sales lift Q3 net income to $72.2M
The REIT collected $99 million of net proceeds from 10 East 53rd Street and expects $216 million from 110 Greene Street.
- Deals
David Werner buys 49% stake in 605 Third Avenue from J.P. Morgan Asset Management
The interest was listed at a $425 million valuation in July; Werner's purchase price was not disclosed.
- Real estate debt
Newmark launches multifamily bridge program with $35M Georgia loan
The first loan is a $35 million refinancing of MFP Capital's 264-unit Independence Place in Hinesville, Ga., Commercial Observer reports.
- Fundraising
Blackstone opportunistic real estate funds fall 3.2% as BREIT raises $1.3 billion
Core-plus funds gained 1.6% while real estate distributable earnings fell 10% to $1.68 billion, per Commercial Observer.
- Real estate debt
Affinius Capital lends $97.9M to refinance D.C.'s Lydian apartments
The 324-unit Mount Vernon Triangle building, completed in 2018, carries roughly $302,000 of loan per unit as District rents slip.
- Sectors
Carr Properties buys Ballston office for $12.25M apartment conversion
The 186,000-square-foot building at 4040 N. Fairfax Drive is planned for 392 units, with work beginning in summer 2028.
- Deals
Inland Real Estate buys two Wisconsin self-storage sites from Bruno's
Colliers' Dan Lynch represented the seller on the 175,825-square-foot, 1,486-unit pair; no price was disclosed.
- Real estate debt
Hillwood refinances three Midlothian warehouses with $94M loan from Affinius
JLL Capital Markets arranged the loan on three 2023-vintage warehouses totaling 1.2 million square feet in the Southwest Dallas submarket.
- Real estate debt
Trepp flags $802M Chicago office CMBS lease rollover before maturity
Four properties account for $623 million, or 78%, of that debt, including one in foreclosure and one more than 90 days delinquent.
- Sectors
Blackstone opportunistic real estate posts 3.2% loss after valuation cap rate increases
The opportunistic arm was the only Blackstone unit to post a third-quarter loss; core-plus real estate gained 1.6%.
- Fundraising
Tishman Speyer and Bouwinvest launch U.S. office fund with Chrysler Building as first buy
Bouwinvest-Tishman Speyer SMA supplied part of the equity for this month's 150-year ground lease on the Chrysler Building; neither firm disclosed its commitment or a target size.
- Sectors
Yardi's StorageCafe: 42 of top 100 US metros put at least half of past decade's self-storage development in city limits
StorageCafe says construction has concentrated in suburbs of fast-growing metros, but the balance is tilting toward urban sites in mid-sized markets.
- Deals
SRS completes $133M sale of Sherwin-Williams Winter Haven warehouse
The 685,000-square-foot Florida distribution building traded with a new long-term Sherwin-Williams lease extension; the buyer was not identified.
- Deals
Broe Real Estate Group buys 204-unit San Diego tower in all-cash deal
The all-cash deal for 525 Olive closed in 60 days; IREI's report does not disclose the price.
- Who's investing
Institutions turn to joint ventures for grocery-anchored retail, ICSC report finds
PRED records show a $790 million Oct. 21 closing listing Nuveen Real Estate and PSP Investments, two firms named in the ICSC report.
- The Wrap
BX 2021-21M's $1.3 billion Blackjack loan enters special servicing
The trust is down to six properties and 1,842 units, with three months to sell, per Multifamily Dive.
- Fundraising
Blackstone opportunistic real estate funds fall 3.2% in Q3 as core-plus gains 1.6%
Real estate AUM slipped to about $309 billion from $314.2 billion, while the arm drew $6.3 billion of inflows and realized $7 billion.
- Who's investing
Illinois Police Officers' Pension Investment Fund commits $250m to TA Realty Value-Add Fund XIV
The pension fund had $16.5 billion in assets as of June 30 and a 5 percent real estate target; the commitment is about 30 percent of that implied allocation.
- Who's investing
Ohio SERS commits $125m to Blackstone and TA Realty funds
The $50m TA Realty sleeve is an open-end core-plus U.S. multifamily fund; the $75m Blackstone sleeve is a closed-end, value-added secondaries pool with no stated fundraising target.
- The Wrap
Apollo funds commit $1.34B to UDR apartment venture with 7%-7.5% repurchase option
UDR keeps one-third, manages the 19 communities for a fee, and can repurchase Apollo's stake after five years at a 7% to 7.5% return.
- Deals
Manhattan investment sales fall 27% in Q3 to $2.5B as deal count rises
Avison Young's report puts the borough's annual dollar pace above 2025 but below its 10-year average, with office at nearly half of quarterly volume and REITs taking 36%.
- Fundraising
ExchangeRight fully subscribes $17.8m debt-free DST for Essential Income REIT
The closed six-property portfolio is designed to pay a 5.20% annualized distribution covered by in-place rent.
6 stories
- Real estate debt
Private-label CMBS holds half of delinquent multifamily debt, Trepp finds
Private-label deals hold 12% of the $635.82 billion tracked universe but 50.2% of the $11.6 billion delinquent debt, with a 7.69% delinquency rate.
- Real estate debt
Barings provides $138.6M first mortgage to Hillwood for Rancho Cucamonga industrial
The two-building Speedway Commerce Center phase is fully leased and totals about 656,000 square feet, per Connect CRE.
- Real estate debt
Genting Americas refinances Miami's Omni Center with $500M loan
Wells Fargo is administrative agent for a lender group on the 1970s mixed-use property, per public mortgage documents cited by Commercial Observer.
- Deals
Gilbane pays $37 million for rezoned Sheepshead Bay development site
Ariel Property Advisors arranged the sale of 2185 Coyle St., which carries 408,400 buildable square feet on a 96,000-square-foot lot.
- Real estate debt
Griffin, Vornado and Rudin close $3.3B construction loan for 350 Park Avenue
Wells Fargo and J.P. Morgan Chase lead the lending syndicate on the 66-story tower; Citadel will lease 1.05 million square feet with completion set for 2032.
- Sectors
Walker & Dunlop's Mikkelsen: 65% of 120 deals since May need no repricing
Seven or eight deals expected to close in the week before the Oct. 21 webcast were delayed, and an executive said Treasury yields above 5% have affected lender and buyer valuations.