Real Estate archive
Every Real Estate story, newest first. 1,801 stories
32 stories
- Sectors
Mid-Atlantic data center permits just became the scarce asset
Prince William's smaller overlay and Maryland's new review layer make entitlement, not power, the binding constraint for private sponsors and their lenders.
- Deals
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.
- Real estate debt
Hudson Bay lends $85M against a Microsoft lease in SoHo
The refinance prices one tenant's rent roll ahead of a SoHo office recovery, and the coverage does not say when that lease rolls.
- Fundraising
Red Oak's reorg is packaging for a $35 million preferred raise
Oak gets a Delaware issuer and a $35 million preferred offering; its credit funds, where the economics live, stay undescribed.
- Fundraising
RREEF's wind-down is a verdict on subscale nontraded REITs
A liquidation priced over 24 months will convert one trust's appraisal into the marks its apartment-heavy peers and gated open-end funds have to answer.
- Sectors
Amherst's SFR case rests on sellers who won't move
With no foreclosure catalyst in sight, the single-family rental thesis has become a bet on how few homes trade.
- Real estate debt
Self-storage securitization is a two-sponsor credit at the top
The $24.02 billion sector is dispersed by property and concentrated by borrower, and the two largest names also account for most of the below-8% debt yield and the maturity wall.
- Deals
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.
- Real estate debt
Kennedy Wilson's $175M DC start shows who still gets construction debt
Three named sponsors and a MetLife-advised separate account on the equity line made this 14-story infill start financeable, which is a narrower market than the headline suggests.
- Real estate debt
New York Life's $386M refi underwrites Havas, not Midtown East
The three-year floating-rate loan clears on a tenant commitment, which says more about where office debt prices than any recovery narrative does.
- Deals
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.
- Deals
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.
- Sectors
Opus bets Omaha scarcity next door to Google
A 272,076-square-foot spec project under construction on 18.8 acres beside Google's Omaha data center, where the tenant mix may matter less than the land premium.
- Fundraising
JLL takes the refinancing wall to retail
A blind-pool debt REIT with an 85% LTV subordinated sleeve looks well-aimed at a market where 11.42% of CMBS loans are in special servicing—and the terms leave the duration with the buyer.
- Deals
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.
- Sectors
A fading Houston mall prices industrial land at $125 a foot
Lincoln and New York Life will spend $150 million to turn 80 acres of failed retail into 1.2 million square feet of warehouse, a conversion whose two-year gap between teardown and first delivery rests on a city tax district.
- Real estate debt
GoldenTree’s $482.5M Steamboat loan is a residence absorption bet
The $482.5 million financing leans on the 95 private residences at Steamboat Resort, putting the sales cycle at the center of the credit.
- Deals
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.
- Deals
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.
- Deals
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.
- Real estate debt
C-PACE's ground-lease edge is a claim that outlives the lease
The running-with-the-land assessment answers the senior lender's collateral problem; the price is a fee-owner consent that runs on its own clock and counsel.
- Deals
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.
- Deals
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.
- Deals
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.
- Fundraising
Proterra staffs a fundraising build with a credit specialist
The résumé in the capital-formation seat is a product decision; the release names no fund, target or close to contradict it.
- Deals
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.
- Deals
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.
- Sectors
Catella bets Europe's next decade is a city trade
With beds and sheds now the consensus allocation, the return spread between cities, not property types, is what allocators are buying.
- Who's investing
TCDRS buys apartment debt after its property book quadruples
A plan that grew real estate from $1.1 billion to $4.1 billion in five years is now buying income rather than residual, and the rest of TPG's $3 billion raise will reveal whether other public plans follow.
- Fundraising
Blackstone builds a 1031 exchange shelf from BREIT's $120 billion book
A fully subscribed first DST turns two Sun Belt apartment buildings into product for owners with a sale already in motion.
- Who's investing
Texas TRS's CIO search opens with the mandate already written
A $233.5 billion allocator wants a maintainer, which favors managers already inside its portfolio over anyone treating Jase Auby's retirement as an opening.
- Real estate debt
Private credit's 8.6% share holds because banks are not bidding
BridgeInvest's Alex Horn calls private real estate credit permanent infrastructure. The servicing line, not the origination share, will decide whether the label survives.
8 stories
- Sectors
The $700 billion data center build-out is repricing every other construction project
For nondata developers, the hyperscaler bid is now the number to beat on labor, materials and debt — and last year's pro formas are on the wrong side of it.
- Deals
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.
- Deals
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.
- Real estate debt
Gantry's $9M life loan shows where the office bid actually sits
A three-year insurer takeout of conduit debt on a 100%-leased Temecula medical office shows the bid: performing rent rolls, short horizons, no fresh marks.
- Deals
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.
- Deals
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.
- Deals
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.
- Real estate debt
Inland's $44 million bridge book is three refinancings and one purchase
The small-balance non-recourse lender is getting paid to hold conversion and refinancing risk that bigger books are walking away from.