Deals: archive
Every Deals story in Real Estate, newest first. 673 stories
3 stories
Federated Hermes client puts £800m Oxford park up for sale
The UK's largest single-ownership innovation park carries 1.2 million square feet of logistics, 638,000 of labs and a power connection nobody has had to price since 1984.
Colonial banks Santa Hortensia value before completion in Madrid JV
A contribution schedule running from 2026 to 2028 lets Colonial book Santa Hortensia value before completion while Vita carries half the platform.
Callahan hires deal talent as office waits on printed marks
Two named buildings, one hire that covers the whole hold, and a market still waiting on someone to sign first.
14 stories
A $47.4 million San Francisco print puts a price on vacancy
At 65% leased, 410 Townsend's buyer pays for the occupied square feet and takes the empty third as an option.
Hendrie Lane's first R&D buy leans on a four-name rent roll
Two-thirds bank leverage on fully leased Andover R&D says the collateral that cleared was the tenant roster, and four names is a thin thing to take into four more markets.
Burris buys the dirt under a Lexington Avenue corner
At roughly $1,730 a square foot, the $28.1 million assemblage is a ground position that two vacant storefronts must eventually prove.
Retail's institutional bid returns through first-asset joint ventures
A new ECHO Realty–TPG venture has bought its first center outside Philadelphia, and the structure says more about where retail capital is going than the rent roll does.
Equus's pension JV buys the rent roll first, renovation second
A 226-unit suburban Chicago garden asset at 97% occupancy shows what a pension-backed venture is underwriting: an occupied rent roll and a renovation program, with no lease-up risk priced in.
Dallas office finds its clearing price at 63 percent leased
Montclif and FCP are buying a construction schedule as much as a building, the way office trades now that occupancy no longer sets the price.
MetLife and New York's pension fund test Houston office pricing
A whole-asset offering on a 70.6%-leased tower gives Houston's CBD its cleanest chance yet to print an office mark, with the price set by what it costs to fill half a million square feet.
The Wilfs' Phoenix apartments are a bet on a frozen pipeline
A $44.1 million land basis struck in 2022 needs Phoenix completions to keep falling; the nearest recent state-land sale is lower.
TA Realty pays $202 a foot and buys JPMorgan's 24-year exit
A $105.45 million Wellington trade prices a 2000-vintage rent roll at a spread only the buyer can close.
Nashville's second print prices the disclosure the first one withheld
LBX pays $54.3 million for 134,113 square feet; the smaller building's residual is where the corridor's office answer shows up.
Swickard's Portland tower buy prices the floors that are not office
A car-and-hotel operator now controls 90% of downtown Portland's fourth-largest building, patient capital that still leaves the office market without a comp.
Cabot's German forward purchase is a lease-and-scarcity trade
An off-market buy of an unbuilt, fully pre-let warehouse west of Hanover shows where German logistics capital is going: into the development pipeline, on limited bidder lists.
Realterm adds 10.25 Boston acres while staffing its Europe build-out
Two improved I-495 yards arrive with no price attached, and a London fund-accounting hire hints at the next European vehicle.
A five-year student housing plan ends in two, unpriced
A five-year Purdue plan exits in two, and the missing price is the only number that would let a reader test the basis.
18 stories
CIP buys San Gabriel Valley small-bay scarcity at $303 a square foot
A 71 percent loan against a 109-tenant rent roll shows what the buyer and its bank are underwriting in the City of Industry submarket.
El Cajon's $224,576 basis prices supply, not rent growth
A 1969-vintage East County trade lands between the cheapest and priciest recent per-unit comps and cuts against the view that value-add buyers are pushing apartment clearing prices down.
A Ventura mall JV adds volume, not a price
PRCP and Conversant's Pacific View deal is the right structure for the asset and a poor instrument for anyone who needed a super-regional comp this quarter.
Plainfield is a yard trade with a headquarters attached
A freight company buying its own building is the operator half of the industrial bid, and that is the half still clearing.
Realterm's Massachusetts IOS buy trades on buildings, not acreage
Two improved yards in Boston's I-495 corridor extend Realterm's run and wager on tenant-ready facilities over staging demand.
A $2.2 million Parkville office sale prints a $130-a-foot mark
A nearly full suburban office in Baltimore County clears at $130 a foot, and the comp file gets a real entry.
BlackRock's 600 Third exit clears on four private checkbooks
A 42-story tower changes hands with three quarters of the price in debt and the equity split among a hotel developer, an industrial investor and a pair of operating sponsors.
Enterprise Preservation Fund VI opens with a lender-driven Nashville deal
Blackfin and Enterprise buy 177 units in Antioch with the fund's first check, as REO supply begins to set the metro's clearing basis.
Manassas industrial clears at $244 a foot on land, not building
Stream Realty's $25 million Prince William County sale, with the leasing desk retained, prices the yard and the truck scale more than the shell.
TA Realty's Wellington buy resets its own South Florida basis
The $288,000-a-unit print lands a quarter or more below TA's own recent South Florida costs: clearing basis emerging when core mandates meet value-add math.
Atlanta's $450M office test is a credit trade
Compatriot's fully leased hub will print a comp built on State Farm's covenant rather than on Atlanta's office market — and that is exactly why it should clear.
Denver's failed office conversion meets the $24-a-foot market
A 2015 basis of $26 million for 475 17th St. now sits beside an August Denver auction clearing at roughly $24 a square foot, and the TenX screen will say which number the market believes.
New York's conversion math clears on public land
A 300-unit increase at 100 Gold Street shows office-to-housing works when the city owns the land, and leaves private sponsors with nothing to finance against.
Investicore buys Ares' Charlotte park on a lease-up basis
A $64 million trade on a 40%-vacant 14-building park puts a number on the spread between headline price and occupied-square-foot price.
First Washington's $65m Midwest buy is a shop-space bet
Two centers totaling 345,493 square feet take the portfolio to 21.9 million square feet, at a blended floor near $188 a foot that only works if the small-shop rents move.
Ambrose's Whitestown exit is a velocity trade; the price never printed
A fully leased Whitestown distribution building trades to a private REIT with no price disclosed, which says the industrial bid is now a velocity-and-covenant trade rather than a mark.
PRP's Montgomery buy is a credit trade, not a building trade
A fourteen-year lease with an expansion option turns a $66.5 million industrial purchase into a bet on a supplier's American buildout.
Rubin Museum lists its Chelsea building to fund a traveling program
A 26-year hold bought for $22 million turns into an operating budget, and the buyer's underwriting, not the museum's history, sets the price.
5 stories
Valencia office trades at $204 a foot, vacancy and all
Two September Southern California office sales priced within two dollars of each other, despite 8.5 points of occupancy between them; the gap is what the market is buying.
Dulles flex trades at $200 a foot as the seller exits
Klein Enterprises cashes out of the corridor whose rents it credits to data-center competition, leaving Victoria and Lincoln holding a land option with tenants paying the carry.
Oxford's Riverside sale pairs a leased 2018 building with a 1990 park
Sierra Ridge is buying two buildings that will not price alike, and the bundle is the point.
Seefried buys O'Hare infill land at $1.125 million an acre
At roughly $55 of land per square foot of planned building, the deal is a bet on a 2027 rent.
Chicago's $19M conversion sale prices a basis, not a market
An early Chicago office-to-apartment price arrives without the unit count or rents that would turn it into a comparable.