Real Estate archive
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28 stories
- Sectors
Los Angeles County office leasing hits highest since 2019 on renewals
Savills reports about 4 million square feet leased in the third quarter as overall availability fell to 26.5 percent.
- Deals
BDT & MSD buys majority stake in Sunrise Senior Living at $1 billion valuation
Canada's Public Sector Pension Investment Board sells the majority stake, and the purchase is the firm's first investment in senior housing.
- Real estate debt
Trepp: October CMBS hard maturities rise to $4.70 billion, multifamily leads impaired balance
The cohort carries $1.30 billion maturing below a 6.0% debt yield, and 97% of that balance is still current.
- Fundraising
Greater Baltimore Committee seeks $100 million from institutions for vacant housing
The committee is working with Enterprise Community Partners on terms ahead of a November launch; the sought $100 million would sit beside $1.2 billion in city and state money.
- Real estate debt
ACORE lends $71.25M for North Palisade's Santee industrial build
The loan funds a 13.4-acre infill land purchase and two buildings totaling 290,618 square feet, with completion set for late 2027.
- Deals
OHT Partners breaks ground on 402-unit Austin apartment project
The Barton, on more than 60 acres off State Highway 71, is scheduled to deliver its first residences in the first quarter of 2028, but no construction lender or equity partner has been named.
- Deals
AXS Opportunity Fund acquires 20-story One North Central in Phoenix
Newmark represented seller Parallel Capital Partners, which bought the 429,120-square-foot tower for $93 million in 2015.
- Deals
LogiPropCo buys 76 acres in Buckeye for third Phoenix project
Sonoran Logistics Park is slated for 1,226,832 square feet across two buildings, with delivery expected in early 2028.
- Sectors
Arad Holdings buys 70 Broad Street for $9.35 million, 89% below 2016 ask
The CMBS trust that took the Financial District landmark with a $20 million credit bid in 2025 sold it a year later for less than half that.
- Deals
Logistics Property Co. sells Chicago multistory warehouse for $195 million
The two-level, 571,423-square-foot warehouse is less than a mile from I-90/94 and about 2.5 miles from downtown Chicago; no cap rate was disclosed.
- Deals
Federal Realty pays $508 million for Birmingham's Summit lifestyle center
The 870,000-square-foot open-air center was about 95 percent leased at sale, with in-place rents below comparable lifestyle centers nationally.
- Deals
Rise Properties sells Kent apartments for $72M, 11% below 2019 basis
Trinity Property Consultants bought the 366-unit Grove at $196,721 a unit, above south King County's average this year.
- Fundraising
Buyers retrade pending CRE deals as September Fed hike lifts debt costs
A Midwest apartment buyer won a $600,000 discount on a $20 million contract after threatening to walk, the Journal reported.
- Real estate debt
CREFC sentiment index falls to 83.3, its lowest in three years
All nine core questions weakened from the second quarter; 92% of respondents now expect mortgage and cap rates to weigh negatively on CRE finance businesses.
- Sectors
Pappas Properties starts Publix-anchored retail phase at Cadia Matthews
The 120,000-square-foot commercial village is scheduled for first retail deliveries in June, with Thrift Commercial Real Estate Services handling leasing.
- Fundraising
Capital Square launches fourth Texas Active Living DST in New Braunfels
The all-cash offering holds a 72-home age-restricted community in New Braunfels that is 91.7% leased, with no target raise disclosed.
- Deals
BKM and Kayne Anderson buy Orlando industrial portfolio for $103 million
The 543,000-square-foot, 95%-leased Orlando portfolio closes a day after the same buyers paid $57 million for a Fort Lauderdale park.
- Fundraising
Fifth Wall's roughly 115 LPs include CBRE, Hilton, Hines and Marriott
Commercial Observer's profile of Brendan Wallace tallies about $3.1 billion across roughly 115 partners, a roster of property owners and operators that doubles as the firm's potential customer base.
- Deals
Neinor agrees to sell €110 million land portfolio to Orion joint venture
Orion, already Neinor's largest shareholder, would own 90 percent of the venture, with Neinor keeping 10 percent and continuing to manage the portfolio.
- Sectors
NIC MAP: senior housing occupancy clears 90% for first time since before 2008
IREI reports the 31 primary markets absorbed 14,872 units over four quarters while inventory grew 0.4 percent.
- Sectors
Manhattan office leasing runs ahead of 2025 pace through third quarter, JLL reports
Anthropic's 462,000-square-foot relocation to 330 Hudson St. leads a quarter that carried nine-month volume to 25.7 million square feet, ahead of the same period in 2025.
- Deals
Davis Management buys San Jose R&D building in Fund V's first California deal
The 65,000-square-foot North San Jose property is fully leased to a green technology company and slated for roof, HVAC and interior repositioning, with no disclosed lease term.
- Who's investing
ORG Portfolio Management urges investors to reassess real estate allocations
The white paper says real estate's total portfolio role should be re-underwritten because performance drivers shift from cycle to cycle.
- Deals
BDT & MSD funds sign definitive agreement to acquire Sunrise from PSP
Sunrise operates more than 230 communities in the U.S. and Canada; the coverage does not disclose a purchase price.
- Sectors
Counselors of Real Estate ranks AI first, capital markets second for 2027
The annual list cites data center demand as a driver of the AI top spot, with capital markets and construction costs immediately behind.
- The Wrap
What five industrial deals show about pricing by building function
Amazon paid $195 million in Chicago, a Fort Lauderdale campus sold for more than triple its 2013 price, and a half-leased flex building outside Boston fetched about $93 a square foot.
- Deals
Amazon pays $195M for five-level warehouse on Chicago's Goose Island
CoStar News calls it the Midwest's first modern-age vertical warehouse and one of Chicago's priciest single industrial trades; the report names no seller, square footage, or rent roll.
- Sectors
Apartment owners face $757 billion of maturities as lenders favor other property types
Speakers at Bisnow's National Commercial Real Estate Finance event called multifamily distress inevitable after prices fell nearly 5% in the year through August.
12 stories
- Real estate debt
Byline Bank closes $20.25M term loan on Stockbridge's South Bay IOS portfolio
The two Wilmington properties are fully leased and sit less than six miles from the Ports of Los Angeles and Long Beach; the rate and term are not disclosed.
- Sectors
Miami-Dade office rents rise 8.4% as leasing slips to 1.1 million square feet
Savills puts countywide asking rents at $68.50 a square foot, while Brickell and Coconut Grove average above $90.
- Deals
Marcus & Millichap sells Cicero net-leased Gerber Collision building to 1031 buyer
The 18,620-square-foot Ogden Avenue property was renovated in 2025–26 and leased to Gerber on a 15-year corporate guarantee; no sale price was disclosed.
- Real estate debt
CBRE originates $15M credit union refi on Midwood rent-stabilized building
The five-year loan for ARM Management runs through Four Leaf Credit Union at a 6% fixed rate, with two years of interest-only payments and no prepayment penalty.
- Real estate debt
Avison Young arranges $22.5 million BMO loan on Stamford office campus
The permanent mortgage covers Harbor Square, a 165,114-square-foot multi-building campus at 700 and 850 Canal St.
- Deals
Nuveen pays $58.25M for Vons-anchored San Luis Obispo center
JLL marketed the 174,428-square-foot Marigold Center, 91.6% leased at closing, for seller First Washington Realty.
- Real estate debt
Davis affiliate provides $44M senior construction loan for Boston office-to-apartment conversion
The three-year loan for 31 Milk St. is the first deal in Davis's integrated credit platform and is layered with federal and state historic tax credits and MassHousing sub debt.
- Deals
Rockpoint announces 1.03 million-square-foot Richmond industrial acquisition
The five-building Chester, Virginia campus sits on roughly 119 acres and was developed in 2015; Rockpoint Industrial is named as the firm's exclusive operating partner, and terms were not disclosed.
- Sectors
Manhattan office leasing tops 10 million square feet for a fourth straight quarter
Colliers reported the strongest year-to-date demand since 2000, and JLL says tenants are weighing split workforces as trophy space runs short.
- Deals
Hubbard Street Group buys vacant Fulton Market building for $2.75M
The buyer plans 20 apartments over about 3,300 square feet of ground-floor retail at 167 N. Morgan St., with CBRE and Savills representing the seller.
- Real estate debt
Northmarq places $25.5M Freddie Mac loan on Lacey rental townhomes
The seven-year permanent loan against the 125-unit Chambers Reserve works out to roughly $204,000 per unit.
- Deals
Monarch Capital buys Westborough flex building for $10.7M in first deal
The 115,241-square-foot property at 115 & 117 Flanders Rd. is 52.5% leased and traded at about $93 a square foot.