Real Estate archive
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32 stories
- Real estate debt
Dwight Capital closes $47 million HUD loan for Hunington Properties' Katy apartments
The 221(d)(4) carries 24 months of interest-only payments before a 40-year amortization, roughly $168,000 of debt per unit.
- Deals
Riverside buys Austin's Lavaca Plaza; Unico paid $61.4M in 2015
The 122,042-square-foot building is 46.2 percent vacant, and JLL's marketing material suggested a redevelopment play.
- Deals
Weidner, Haven Housing and PXV buy apartments as the 10-year Treasury rises
Berkadia represented Continental on the 12-building Wisconsin sale, and none of the week's five apartment announcements disclosed a price.
- Real estate debt
Affinius provides $94.8 million construction loan for Oregon State student housing
Fields Holdings is the borrower on the 13-story, 667-bed Zev Corvallis project, scheduled for completion in fall 2028 with no broker listed.
- Sectors
Houston industrial leasing's strongest quarter since early 2022 rests on 19 large leases
Cushman & Wakefield counted 14.6 million square feet of leasing in the third quarter, up 66% on the prior quarter and enough to put nine-month volume at 97% of all of 2025.
- Real estate debt
Dwight Capital closes $32 million HUD loan on Scannapieco's Philadelphia apartments
The 223(f) refinancing funds a replacement reserve and, according to Dwight, gives Scannapieco access to equity built since the 110-unit building opened in 2024.
- Fundraising
Hines names Adam Hines co-CEO starting next year; David Steinbach becomes president
Their father, Jeffrey Hines, becomes company chair, and Laura Hines-Pierce is set to chair Hines Global Income Trust's board.
- Deals
Henderson Park group buys Wrigley Mansion from Hormel family for $17 million
The 1931 landmark above the Arizona Biltmore joins the resort's ownership group, which paid just over $700 million for the Biltmore in 2024.
- Deals
Agora starts $375 million final phase at North Las Vegas Hylo Park
The 25-acre youth-sports district follows a grocery-anchored retail phase that opened 90 percent occupied and a 2024 land sale to Lennar.
- Real estate debt
Signature Property Group refinances Monroe, NC apartments with $64M Freddie Mac loan
Regions Bank arranged the loan, which replaces construction debt on the 360-unit Elevate Rocky River at 70% leverage and 1.20x coverage.
- Deals
Link Logistics sells Fort Lauderdale industrial campus for $57 million
BKM Capital Partners and Kayne Anderson bought the seven-building, 97 percent leased park, which last traded for $17.5 million in 2013.
- Deals
Disney named buyer of Yamaha's 25-acre Cypress campus in $115 million sale
Yamaha will lease back the three-building campus through Dec. 31, 2028 while relocating its U.S. headquarters to Kennesaw, Georgia.
- Sectors
How four-year transformer lead times complicate data-center development
Commercial Observer reports power, cooling, electrical equipment and construction running on timelines that were never designed around one another.
- Deals
Griffin closes $1.1 billion Mana Wynwood purchase; Carnegie Mellon campus planned
Before the Mana deal, Griffin's $181 million purchase of Sterling Bay's 545wyn was the largest commercial real estate deal in Miami-Dade this year.
- Deals
GEO Group sells Adelanto ICE detention complex to DHS for $950 million
GEO expects to net roughly $705 million after taxes and fees and keeps its ICE support-services contract through December 2029, with a five-year option to 2034.
- Real estate debt
Walker & Dunlop closes $630.6M Fannie Mae refinancing for IMT's nine properties
The loans cover 3,528 units in six states and carry five-year fixed rates with interest-only payments for the full term.
- Fundraising
Ares Secondaries adds to Sabey data center stake, cumulative commitment past $500 million
The follow-on builds on a July minority equity investment in a platform with 275 megawatts in service and a pipeline to roughly 737 megawatts by 2033.
- Sectors
Chicago leads CMBS distress among 11 playoff metros as Aon Center loan goes unpaid
The $536 million Aon Center loan matured in July without repayment, and the tower's valuation has fallen from $824 million to $195 million.
- Real estate debt
Madison Realty Capital funds $127 million take-out on Fort Lauderdale's Arcadian
Berkadia arranged the loan for The Fuse Group and KREA Developments, whose 502-unit project reserves 151 of those units for households earning 100 to 120 percent of area median income.
- Real estate debt
RXR and North Carolina Investment Authority lend $45 million for Hekemian's District Montvale
The loan comes from RXR Cardinal Venture, a $500 million partnership, and lands on the 308-unit building that opened in 2022 and is 95 percent leased.
- Real estate debt
Canyon Partners Real Estate hires Related's Chad Goodman to lead eastern, central credit origination
Goodman is the second regional origination head added this year, after Scott Swisher's June move from Acore Capital to run western credit.
- Real estate debt
Gaw Capital files to list a real estate debt fund in Hong Kong
The vehicle would hold at least 90% of assets in property debt and lend across Asia Pacific and the Middle East, with plans to be fully invested within nine months.
- Deals
DWS agrees to acquire Peakside Capital, adding German and CEE value-add
Peakside manages more than €1.7 billion for institutional investors, and its owners and senior managers will stay on after the deal closes.
- Deals
Slate and OneIM agree to buy eight Oslo grocery-anchored retail parks for €250 million
The deal brings the partnership to 17 properties across three countries and relies on Coop, NorgesGruppen and Reitan Retail as anchors.
- Real estate debt
Walker & Dunlop arranges $630.6M Fannie Mae refinance for IMT Capital
IMT Capital's nine properties with 3,528 units across six states take five-year fixed-rate Fannie Mae loans with full-term interest-only payments and a 35-year amortization schedule.
- Fundraising
Tishman Speyer adds $75m German pension commitment to Korea Living Venture
The second close lifts equity commitments to $395 million against a $400 million target after the vehicle's first purchase, a 411-unit property in Songdo.
- The Wrap
Hines names David Steinbach first president and Alfonso Munk global CIO
The appointments take effect Jan. 1, 2027, under co-CEOs Adam Hines and Laura Hines-Pierce, with Jeff Hines moving to chairman.
- Fundraising
Azora closes €1.6bn Southern Europe value-add fund with €450m co-investment
The fund drew more than €2.1 billion of institutional interest and had committed 55 percent of its equity before the final close.
- Real estate debt
Silver Heights and Nuveen Green Capital lend $35.8M on Riverwards' Philadelphia apartments
A $19.9 million senior construction loan sits above $15.9 million of C-PACE for the 170-unit second phase, with Riverwards adding $10 million of sponsor equity.
- The Wrap
Insurers raise commercial real estate LTVs fastest as states cut data-center tax breaks
MSCI puts carriers at 62.7% loan-to-value in the first half of 2026, up 2.5 points but still 3.2 points below the 65.9% market average.
- The Wrap
Griffin paid $1.1 billion for Wynwood land in a wave of pre-construction deals
Vestar wins a $3 billion Mesa approval and Massachusetts awards $330 million for unbuilt housing
- Sectors
Downtown L.A. office vacancy above 20% as firms build a housing-lending case
A ULI advisory panel took up downtown's three challenges in mid-September as D2 Asset Management and G4 Capital Partners write residential loans.
5 stories
- Deals
DRA Advisors takes 49% of 1301 Avenue of the Americas in Rithm joint venture
Sources close to the deal value the fully leased Midtown tower at $1.3 billion; Rithm keeps 51 percent and the operating mandate through Elecor Properties.
- Real estate debt
Insurance lenders' CRE loan-to-value rises fastest as data-center exposure deepens
MSCI puts carriers at 62.7% loan-to-value in the first half of 2026, below the 65.9% market average but up 2.5 points, the largest increase of any lender group.
- Sectors
Nearly a dozen states pause or roll back data center tax incentives
Developers and hyperscalers are preparing to build without the breaks that have shaped where projects land, according to Bisnow.
- Deals
Mana describes the three-year negotiation behind Griffin's $1.1 billion Wynwood purchase
Moishe Mana told The Real Deal that Griffin's Carnegie Mellon campus plan won him over after he initially refused to sell the 30-acre Wynwood site.
- The Wrap
Manhattan office availability falls to 2020 low as leasing tops 10-year average
Third-quarter leasing ran 19.2 percent above its 10-year average and available space hit the lowest level since 2020, while the 10-Year Treasury held at a 19-year high.
3 stories
- Real estate debt
Stockdale launches debt platform targeting $15M to $75M distressed loans
The Los Angeles owner-operator plans senior bridge and mezzanine loans, note purchases and special situations, and expects to deploy $300 million in its first year.
- Deals
Marcus & Millichap closes 41-unit North Hollywood apartments at $143,610 a unit, 5.7% cap
The Kwan Trust sold 13103 Barbara Ann Street after more than 30 years; the buyer plans interior and common-area renovations.
- Deals
Charney Companies and Tavros break ground on 27-story Gowanus tower
The 175 Third St. building is the co-developers' fifth Gowanus project and will hold more than 1,000 apartments, about 250 of them affordable.