Real Estate archive
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- Deals
Northmarq arranged the sale of Whisper Hollow Apartments to Monarch Investment
The St. Louis team collected 21 written offers for the 1976-built, 2018-renovated complex in Maryland Heights, Missouri; the coverage gives no price.
- Deals
Newmark arranges $30.9 million sale of Hillsboro advanced manufacturing campus to SKB and KCB Partners
SKB and KCB Partners buy the four-building Trellis West campus, 90 percent leased with Applied Materials and KLA as anchors.
- Real estate debt
JLL arranges $276M in two uncrossed loans for Newport Beach seniors portfolio
A national bank took the $140 million piece on the 99-unit Vivante Newport Center, while agency financing covered the 296-unit Newport Mesa.
- Real estate debt
Walker & Dunlop arranges $170.5M Chase balance-sheet refinancing of Lenox Terrace
The cash-neutral loan retires the existing mortgage on 1,696 primarily rent-regulated units across six buildings developed in 1958.
- Fundraising
Massachusetts awards $330M in largest One Stop round to 403 projects
The state estimates the awards will help unlock $24.6 billion in private investment and support more than 27,000 new homes.
- Deals
Marcus & Millichap closes $4.45M Billerica industrial sale after multiple offers
The 219,164-square-foot Billerica property built in 1913 sold at about $20.30 a square foot; 13 of its 41.7 acres are described as usable.
- Deals
North Palisade buys Santee drive-in site, starts 290,618-square-foot project
Colliers represented the buyer and will handle leasing for the Santee industrial project when it delivers in 2027.
- Sectors
Google's 210,000-square-foot D.C. lease led the quarter as trophy availability held under 10%
Tenants leased about 1.8 million square feet in the third quarter, near the five-year average, while the gap between trophy and broader availability remained wider than 14 points.
- Sectors
BXP and JLL join team planning 915-foot San Francisco office tower
The San Francisco Recovery Fund says BXP will consult on development, leasing and marketing and JLL holds the exclusive office leasing mandate for the planned First and Mission tower.
- Deals
Rithm closes DRA joint venture at 1301 Avenue of the Americas, terms undisclosed
The 45-story Midtown tower is fully leased, and Rithm keeps majority ownership while continuing to operate the asset for the venture.
- Real estate debt
Gantry places $12.3M floating-rate bridge on Portland's Workshop St. Johns campus
A regional bank funded the floating-rate loan, which retires existing debt and pays for the next phase of redevelopment across the 10-building campus.
- Sectors
Chicago overtakes Miami as most competitive rental market on thin new supply
Apartments fill in 27 days, the fastest of any large market, and new units make up just 0.27% of Chicago's stock, per RentCafe.
- Deals
Vestar wins unanimous Mesa approval for $3 billion Legacy Park and Gateway Crossing
The 233-acre retail, office and hospitality development east of Ellsworth Road is slated to break ground in early 2028; the coverage does not say how the $3 billion gets financed.
- Deals
Federal Realty buys Birmingham's The Summit from Bayer for $508 million
The 870,000-square-foot open-air center is 92% occupied and had not changed hands since Bayer Properties built it more than 30 years ago.
- Deals
United Apartment Group targets 50,000 units by 2030 with management-company buys
The San Antonio manager, at 32,237 units, wants 35,000 by year-end and will keep mining existing clients while it shops for firms of 3,000 to 10,000 units.
- The Wrap
Hines names Adam Hines co-CEO as Jeffrey Hines moves to chairman
Laura Hines-Pierce keeps her co-CEO title and also becomes CEO and board chair of Hines Global Income Trust.
- Real estate debt
Bank of America and JLL fund a $276 million Newport Beach senior housing refinancing
JLL says the $140 million loan on the 99-unit Vivante Newport Center works out to roughly $1.4 million a unit.
- The Wrap
Hines promotes Adam Hines to co-CEO as Jeffrey Hines moves to chairman
The co-CEO change takes effect Jan. 1; David Steinbach becomes the firm's first president and Alfonso Munk moves into the global CIO role.
- Sectors
Sony in talks to anchor Tishman Speyer's 99 Hudson Boulevard tower
The 48-story Hudson Yards building would not be occupiable until around 2030, and Tishman Speyer has asked the city's IDA for $92 million in tax exemptions.
- Real estate debt
Madison Realty writes $127M Arcadian takeout as Centennial exits
The Fort Lauderdale loan is half again the size of the 2024 construction debt it retires, on a 502-unit project still leasing up.
- Real estate debt
JPI closes land and construction financing for 248-home Dallas income-restricted project
The Torrington Forest development will use 4 percent Low-Income Housing Tax Credits and a ground lease from a City of Dallas housing affiliate; the lender is not named.
- Real estate debt
Trepp CMBS delinquency rate rises 17 basis points to 8.02% in September
Five large single-asset loans, four of them office or studio-and-office, drove much of the increase, pushing the rate to its highest since November 2020.
- Deals
Evernorth Care Group sells three-building Phoenix medical office portfolio for $12.8M
MCR Companies took the Glendale and Chandler buildings in a 1031 exchange; Empower College Prep bought the Phoenix property, and the neighboring hospital systems were not among the buyers.
- Deals
Everview buys 85-building Tucson industrial portfolio for $165.75 million
The 14-property, 1.25 million-square-foot portfolio was about 90 percent leased to 452 tenants, five years after Equus-sponsored funds paid roughly $150 million for it.
- Deals
Wafra-advised funds invest in Liberty Development's Texas rail-served industrial park
Gulf Inland Logistics Park outside Dayton has grown from about 1,150 acres to roughly 3,900 since Liberty bought it and CMC Railroad in 2022; the size of the funds' commitment was not disclosed.
- Deals
MCB Real Estate buys 421,182-sf Laredo cross-dock with Vinecrest Capital
The 2024-built facility is fully leased to Source Logistics; the trade report discloses no price.
- Sectors
Cushman & Wakefield counts 285 GW data center pipeline as local constraints shape growth
The brokerage's Americas update counts 50.3 GW operating and a record 37.7 GW under construction across the region, with 91.7% of that construction precommitted.
- Sectors
Marcus & Millichap flags rising cost pressure on industrial CRE as 10-year Treasury tops 5%
The brokerage cites 3.4% CPI and tariff-exposed construction costs against a 10-year Treasury yield above 5%, with slower starts as the one offset.
- Sectors
VTS counts 820 AI office requirements, up 27%, with demand concentrated in three markets
San Francisco, New York and Silicon Valley hold 64% of the 16.9 million square feet of active AI demand and 55 of the 83 large requirements VTS tracks.
- Deals
Waterstone pays $87M for Windsor Square Shopping Center with $63.1M United Bank loan
Hackney Real Estate Partners sold the 659,222-square-foot, 99 percent-leased center nearly two years after buying it from Sterling Organization for $70.1 million.
- Deals
Publix pays $83.25 million to buy out its landlord at Miami's Airpark Plaza
First Washington Realty was the seller of the 204,000-square-foot center, which last traded for $36.82 million in 2008.
- Real estate debt
Front Range Partners closes $75M Freddie Mac refi on St. Pete high-rise
Walker & Dunlop arranged the fixed-rate loan on the 220-unit EVO St. Petersburg, refinancing the 2023 delivery.
- Fundraising
Walker & Dunlop Investment Partners completes Fund VII deployment with $135.8m
Industrial properties took 66 percent of the capital and apartments 34 percent, in equity checks of $5 million to $25 million.
- Deals
IHP Capital closes first phase of 1,458-acre Texas residential community
The initial 206-acre closing carries 535 finished lots toward a planned 3,400 at buildout with Scarborough Lane Development.
- Sectors
Senior housing occupancy tops 90% as development runs at a tenth of need
NIC MAP shows independent living at 91.7% and assisted living at 89.1%, with a majority of the 31 tracked markets above 90%.
- Deals
Catella completes sale of 923-unit Dutch residential portfolio to Lone Star for €215m
The fixed-term Panta Rhei Dutch Residential fund terminates as planned, with no entry basis or fund-level return disclosed.
- Fundraising
LŌ-GOI Group establishes second Vietnam core logistics venture with three Asian investors
The mandate will buy income-producing logistics and industrial assets in Greater Hanoi and Greater Ho Chi Minh City rather than speculative development.
- Fundraising
Phillips Edison adds $377.5 million of grocery centers to Northwestern Mutual joint venture
The amended venture runs a decade longer, to 2036, and keeps PECO leasing and managing the centers for recurring fees.
- Deals
BGO bought an 11-property surgery center portfolio from a Flagship-AEW venture
The fully leased portfolio spans nine markets and about 223,000 square feet; the purchase price was not disclosed.
- Deals
Landsec exchanges contracts on £516m Metrocentre purchase at 7.9% yield
The Gateshead center generates £41 million of net rental income and is 95 percent occupied; completion hinges on bondholder approval of a restructuring.