Deals: archive
Every Deals story in Real Estate, newest first. 673 stories
12 stories
An $83 million Oregon apartment trade keeps its yield private
Two complexes clear at a blended $189,500 a unit, with no published cap rate for either.
Grand Peaks, PCCP buy Beaverton's West End District on agency debt
With no price published and a 2021-22 vintage under Freddie Mac paper, the trade's upside lives in the spread and the retail rent roll, not in rent growth.
Patriot's racetrack play is an Amazon-adjacency land trade
The 110 acres pencil only because the 1.2-million-square-foot warehouse next door resets what Mays Landing land is worth.
Brennan starts 210,000-square-foot spec industrial north of Nashville
A five-suite shell on 17 acres bets on Nashville's small-bay demand, and on whatever else lands in the market before the building opens.
Fengate and Mavrek break ground on a 380-unit West Loop bet with no rent roll
Julep West Loop delivers into early 2028, making it a location trade rather than an operations one, and the corner has to hold until then.
Sansone's 3PL funding program is worth more than the warehouse
A fully leased build-to-suit is unremarkable industrial news until you notice it is the first deal out of a funding initiative aimed at a trade association's membership rolls.
Evergreen Devco bets 26 acres on what Thornton will let it build
The public record stops at the site plan: 250 apartments on 9.75 acres, 166 senior units on four, and a retail program with no square footage attached.
Taconic's lab site sells at apartment-feedstock pricing
LCOR paid $73 million for land whose lab entitlement never produced a building — $6 million below the construction loan raised against it.
Taurus buys the truck queue outside Laredo's World Trade Bridge
Eight fully leased shallow-bay buildings two miles from the World Trade Bridge put Taurus into a rent story underwritten by 15,000 to 18,000 trucks a day.
La Caisse rents Beedie's platform for a $1 billion industrial seed
Half the equity, none of the operating burden: the second billion will say what La Caisse actually bought.
An $8.1 billion all-stock merger prices Midwest apartments in REIT paper
The combined 44,000-unit REIT makes a renovation and other-income program the entire value case, and hands Midwest apartment owners a public mark denominated in stock rather than cash.
Harbert buys Village Crossing, a 722,466-square-foot Chicago power center
Fairbourne keeps the management contract, and the return case rests on filling the small-shop vacancy rather than the anchors already in place.
13 stories
Watermark's Crown Heights loan leans on a parish that nearly closed
The $16.48 million construction loan from Genesis Capital puts St. Teresa of Avila's financial strain inside the underwriting of a 42-unit conversion.
Prosper pays $50M for a Brickell acre with no price list yet
Prosper Group's Miami River acre pencils to about $276,000 a door, leaving the 181-unit price sheet to decide whether the site was the scarce asset.
Waterton's Chino Hills buy is an operations trade, not a rent bet
With almost no 100-unit-plus sales in the submarket over ten years, the return on this deal rides on renovation execution rather than market rent growth.
Sagard's Tukwila deal is a land trade wearing a warehouse
No price, no cap rate, no seller: what Sagard disclosed about 1100 Andover Park West points to acreage and tenant stickiness rather than yield.
LaSalle and Camber take Long Island industrial off the market
With no price disclosed on 270,000 square feet of Long Island infill, the tenant mix and the barriers to entry are the only evidence of what the buyers paid for. The tenant worth reading is the one in national defense.
Woodside adds two Chesapeake medical buildings, price undisclosed
Two medical buildings totaling 25,000 square feet with a dental anchor make the case for small-bay medical office as its own pricing lane, even without a number.
Rycore sells The Woodlands office at 87.3% leased
With 3.9 years of weighted average term left, the buyer is betting on The Woodlands' supply-starved leasing market, not the rent roll.
IRT's $8.1 billion Midwest bet sets a multifamily mark
A public buyer has put an arm's-length price on Midwest and Mountain West apartments, and private owners there now have a mark to underwrite against.
Rethink pays $1,460 a foot for one hospital lease
A $16.2 million emergency department in the Orlando metro trades at close to two and a half times the per-foot price of a Greenwich outpatient campus, and the spread prices what a licensed health-system lease adds per square foot.
Tishman sells Mountain View office at $876 a foot, leased throughout
Spear Street is buying Fenwick & West's rent roll, not evidence that Bay Area office has found a floor.
SL Green's SoHo sale prices a full rent roll as debt relief
A fully leased Class A building trading to retire unsecured corporate debt says more about capital costs than about Manhattan office demand.
Lincoln and PGIM buy a Banner-anchored surgery center in Gilbert
Banner's Phoenix network turns a single 14,000-square-foot surgery center into a program; the lease is what Lincoln and PGIM are underwriting.
Greystar and PGIM build three Charleston warehouses on a granular leasing bet
Three speculative buildings in a secondary port market test whether institutional capital can lease industrial space one 16,000-square-foot suite at a time.
13 stories
Walton Street's $62.3M loan puts Las Colinas at $167K a key
The financing behind the 374-unit Irving trade gives Dallas-area multifamily its clearest public debt data point in weeks.
Trammell Crow, Arlington agree on 99-year downtown ground lease
The developer's required $123 million goes into city-owned land, making lease-up the variable that decides the deal.
CBRE IM buys $1.6B net-lease platform and keeps Tenet as partner
The industrial portfolio is the current income; Tenet is the sourcing capacity CBRE IM paid to keep.
Basis closes Surprise land deal with storage construction loan
The 707-unit self-storage project at Truman Ranch ties a $20.5 million construction loan to the master plan's 600-plus apartments.
Starwood and Trinitas bet 2,046 student beds on campus-enrollment math through 2028
A ground-up pipeline at Pittsburgh, Oklahoma and Wisconsin tests whether constrained campus supply outlasts two years of construction risk.
Matterhorn seeds Minneapolis small-bay push with two-building buy
The 57,665-square-foot, two-building off-market buy gives Matterhorn its first Minneapolis investment and a test of whether the sourcing repeats.
AEW buys Berlin hospital-campus building for French retail fund
Fully let and index-linked, the fund's first German acquisition is a wager on tenant stickiness around a medical campus rather than site speculation.
Milhaus closes Broadshore, adds an investment arm
The deal pairs an SEC-registered equity and debt shop with an owner-operator that already manages more than 50,000 apartments.
CBRE IM pays $1.6B for Cerberus net-lease lender Tenet
The platform sale prices triple-net-lease origination as a credit business rather than a real estate portfolio, and hands CBRE IM a five-year-old engine built by Cerberus.
Davis JV's Gastonia box is flexible by design
The project's single-user or multi-tenant layout hedges the lease-up risk of a 462,000-square-foot building.
AmTrustRE’s $65.5M boutique office bet leaves the math unproven
A facade-to-amenity reinvention at 360 Lexington is on full display, but the missing renovation budget and lease-up numbers leave the trade unproven.
MLG Capital buys tenant diversity in 29-building Indianapolis industrial portfolio
The 1.53 million-square-foot, 94%-leased deal pairs 15-foot clear heights with 158 small leases, putting MLG's return on renewals and expense control rather than a big-box conversion.
Northampton and Provident form a 54 MW Dallas data center joint venture
Long-dated infrastructure capital meets a developer's pipeline, and the framework for future sites makes the late-2027 delivery schedule the underwriting.
2 stories
Acadia pays $60M to deepen SoHo Greene Street retail bet
The latest purchase runs 82 percent above the buildings' 2012 price and cements the REIT's concentration on one high-street block.
In $65M Greenwich deal, Healthcare Realty buys scarcity
The Greenwich Medical Center purchase prices the 106,092-square-foot Class A outpatient campus at about $613 a foot in one of Fairfield County's tightest medical markets.