Real Estate archive
Every Real Estate story, newest first. 1,810 stories
14 stories
- Fundraising
Avila's $390 million close says the scarce homebuilding asset is credit, not land
An insurer and a university endowment backed the lot pipeline, buying exposure that ends when finished lots move to a builder.
- Sectors
Hawley's bill reprices the marginal opportunity zone data center
The Opportunity Zone tax break mattered to data centers mostly at the margin; Hawley's bill makes that margin a political variable.
- Real estate debt
Chicago's largest conversion is a $15,600-a-unit land trade
The $5 million purchase price is what makes the $113 million raise at 500 North Michigan Avenue pencil.
- Deals
Institutional capital keeps paying for the IOS operator, not the lots
Principal's recapitalization of Triten's 17-property industrial outdoor storage portfolio shows where the value sits in niche industrial: with whoever runs the yard.
- Deals
Clarion buys ESR's Amiens logistics box as spec supply freezes
The unlet quarter is the trade: it pays only if the Amiens development freeze outlasts the lease-up.
- Deals
Galvanize's Milpitas entry is a power trade at $313 a foot
The Bay Area debut pushes the strategy to 3.5 million square feet nationwide, but with the campus 95% leased the return now rests on what the owner builds into the buildings rather than what the leases collect.
- Deals
San Francisco's second market-rate start since 2023 is a 2028 bet
A $61.7 million PNC construction loan turns a Mission District apartment project into a wager on late-2028 delivery, not current rents.
- Who's investing
Alaska splits $300m core mandate three ways
The board split $300 million evenly across Principal, AEW and TA Realty, a choice that treats manager selection as the risk to spread.
- Deals
Barings buys the Mantova Sud consent and carries the lease-up
No price, no tenant, and a construction schedule already running: a European value-add strategy takes 67,000 square meters of permitted logistics space on a 145,000-square-meter site in Mantova Sud.
- Fundraising
The record half did not need a rate cut
First-half sales volume rose 14.7 percent with the policy rate far above its pre-2022 norm, evidence that equity spreads, not the Fed, now set the clearing price.
- The Wrap
The data-center trade now runs on volts
A week of announced pairings puts grid and energy assets at the center of digital infrastructure capital, leaving traditional real estate waiting behind the queue.
- Fundraising
The Sept. 28 list won’t decide where OZ money lands
New York will file its recommended Opportunity Zone tracts by the deadline, but the underwriting that the federal permanence and the state’s restored abatements unlock is what decides whether round two reaches the tracts round one missed.
- The Wrap
The debt stack now reports what property prices won't
Assumable coupons and advance rates are producing the marks that a market of undisclosed sales has stopped publishing.
- Sectors
Multifamily's coming shortage is a financing problem, not a demand one
A 475,000-unit pipeline and 95.5% occupancy set up the 2028-29 supply gap; the sponsors who capture it are the ones whose capital can wait.
2 stories
- The Wrap
Warsh's quarter point sorts CRE owners faster than it reprices them
With a second hike signaled before year-end, the equity check decides who keeps a maturing deal and who cannot.
- Deals
Prosper's $650M Bugatti tower is a land-basis trade
The Brickell acre is under 8% of the $650 million project; the badge has to sell the rest.
24 stories
- Sectors
Data center power bill stalls; the states already had the rule
Congress's retreat leaves the cost-allocation fight to the statehouses, where data center underwriting now prices regulatory risk project by project.
- Deals
A family office bought a 3.8% loan with 100 Modesto doors attached
A 3.8% assumable HUD coupon carried more of the $26.6 million price than the Modesto rent roll did, and the apartment market's clean trades are clearing on the same math.
- Real estate debt
Corebridge writes $293 million on a fully leased Meatpacking building
The refinancing shows where insurance capital will still term out 2019-vintage Manhattan office — and leaves the rest of the wall unanswered.
- Deals
Galvanize's California debut prices a retrofit at $313 a foot
A 95%-leased industrial campus leaves almost no mark-to-market to harvest, so the value has to be built into the buildings rather than collected from the roll.
- Real estate debt
DeKalb refi leans on the 3M signature
At 55% leverage, the lender is underwriting 3M's credit, and the next 3M-leased DeKalb refinance will show whether the entire group prices that way.
- Real estate debt
Edgewood takes out a Fort Lauderdale condo sell-out
A $27.9 million private takeout clears Latitude's construction debt, leaving the unsold 40 percent of a 22-unit tower carrying the loan.
- Real estate debt
FedEx's footprint cut reprices $837M of industrial CMBS
FedEx's shrinking footprint turns $837 million of single-tenant warehouse debt into a public test of what re-leasing optionality is actually worth.
- Deals
Inland buys a 2023 storage site and hands it to its own manager
The rebrand from ExtraSpace to Devon keeps the management fee inside Inland; the undisclosed price would settle how much that matters.
- Fundraising
DWS liquidates RREEF Property Trust as redemptions outrun new capital
Seven properties and 1.4 million square feet go to market on a 24-month clock; the leftovers will price what a gated nontraded REIT is actually worth.
- Real estate debt
Corebridge's $293M refi shows office credit clearing only on leased income
A fully leased Meatpacking building clears fixed-rate permanent debt at roughly $1,843 a square foot, the bar the rest of the office refinancing queue has to beat.
- Deals
Decron returns to L.A. with a $699,000-a-door basis trade
Decron's first Los Angeles purchase in nearly two years is a $114 million, $699,000-a-unit basis trade on Miracle Mile, anchored by fully leased retail and a below-replacement price.
- Real estate debt
The office maturity wall is an extension trade with a limit
Nearly three-fifths of the $289.2 billion coming due by 2028 was underwritten before the demand assumptions broke; the resolution will arrive loan by loan rather than in an aggregate.
- The Wrap
Industrial's 5.5% print, and the mark it dodges
Rexford's rent-reset portfolio gives industrial its first public yield, and the $6.90 billion hard wall shows how many owners would rather extend than print.
- Sectors
A $116 million Sedona resort breaks ground at $1.66 million a key
Seventy keys against $116 million is a rate bet, which is why the villa layout and the amenity buildings matter more than the shovel.
- Sectors
Boerne's 324 units test the operator-and-location thesis
Endura's Hill Country groundbreaking carries the standard garden amenity list and a HUD 221(d)(4) loan, leaving the absorption question to the property manager and the site.
- Real estate debt
Industrial's hard wall is $6.90 billion; the extension cohort is the risk
Extending $40.86 billion of industrial CMBS past 2028 trades a refinancing event for floating-rate carry on the book's thinner coverage.
- Deals
A $41M Henderson sale prices Green Valley at $250,000 a door
The financing behind the price is the more useful number: a 60 percent loan on 164 units tells every other Green Valley owner what their collateral carries.
- Deals
Bascom buys 370 North Dallas doors at a foreclosure's basis
A lender-set basis on 1980 workforce stock is the part of the Dallas apartment trade that rent growth no longer explains.
- Real estate debt
Elowen's $94.2M bridge puts ECA's Texas portfolio on renovation math
At 93% debt, ECA's Texas exit depends on 20 renovation programs.
- Deals
Midtown pays $86 million for a three-decade Doral assembly
Knighthead's 73 percent advance is a bet on the land beneath 13 buildings Midtown cannot replace, not on the rent roll.
- Deals
Bell buys job density while the apartment bid splits
More than 500 apartments on two coasts, bought while a Bell Partners Atlanta community sold 11% below its 2017 cost, puts the multifamily split on one firm's ledger.
- Deals
Borough pays $234 a buildable foot for a Fulton corner
An $83.5 million land check with no rent roll attached is the apartment trade's operator-and-location split in its purest form.
- Deals
ESJ buys a 2021 Kannapolis build at a replacement-cost discount
Pearlmark's $19.9 million loan covers two-thirds of the $29.5 million deal, which the buyer says undercut what the same building would cost to construct today.
- Who's investing
Blackstone's core-plus pitch now runs on supply, cash flow, and a Fed hike it can survive
The core-plus case now rests on supply scarcity and cash-flow compounding, and the Fed's first hike in three years is the test it was built to survive.