Real Estate archive
Every Real Estate story, newest first. 1,818 stories
18 stories
- Real estate debt
Wells Fargo closes $115M Fannie refi on a Long Island City lease-up
Agency execution moves an unseasoned 301-unit tower off the construction lender's books without printing a price for Court Square.
- Sectors
Seefried clears 35 acres by O'Hare for industrial
Demolition is done and delivery is set for the second quarter of 2027, with the land's next use worth more than the offices it replaced.
- Sectors
AI's power problem just leased a 204,000-square-foot warehouse
Aalo Atomics' $25 million Georgetown conversion puts the power buildout in the industrial tenant mix, on a schedule that trails the load it is meant to supply.
- Real estate debt
Gantry retires bridge debt with $50.75M CMBS pair
Five-year conduit paper leaves the sponsor a 2031 repricing option and pays the lender to hold the duration the sponsor declined.
- Deals
Grand Peaks buys Beaverton's 424 units at $201,000 apiece
A merchant exit at full basis tests whether recent-vintage suburban Portland product has a market price or just one buyer's number.
- Sectors
Macerich adds a hotel to FlatIron Crossing's mixed-use bet
A 160,000-square-foot Dick's will be nearly twice the size of the mall's entire remaining retail offering—which is where this program's economics actually sit.
- Deals
$67M DuPage sale prices two garden assets 13% apart
Two Lombard and Naperville garden assets from one seller clear at $200,000 and $177,100 a door, a spread that says more about buyer appetite than the total does.
- The Wrap
Three-year loans for earned income, equity for the forecast
A policy rate held at 4.1% through next year leaves the 2027 refinancing wall to short bank paper and whoever can write an equity check.
- Fundraising
Time Equities sells ground-up multifamily risk to TIC investors at 5.75%
A tenant-in-common offering for a Boynton Beach tower that broke ground in September prices construction equity at a coupon that only works with a ten-year tax abatement behind it.
- Real estate debt
Affinius funds a West Loop tower on scarcity three years out
The $130.4 million construction loan is a wager that Chicago's West Loop stays supply-constrained through a mid-2028 delivery, in a market otherwise repricing down.
- Deals
Manova buys a Spartanburg rent roll with AA credit behind it
The million-square-foot trade prices as a corporate covenant, and the firm's logistics program looks like credits gathered one at a time.
- Deals
Tishman's SoHo flip was a leasing trade
A 16-month hold that resold above both of the building's prior marks shows where New York office value now comes from.
- Deals
PGIM monetizes Munich consent as infrastructure capital buys the build
The value was in the planning consent and the grid connection, and infrastructure capital was the natural holder of both.
- Deals
Equus JV buys South Dallas cross-dock as hyperscale sets the land floor
A leased cross-dock in Wilmer is the easy part; the harder question is whether the land under it is priced by logistics users or by the data center capital next door.
- Sectors
Asia Pacific office demand is real, and it is premium
Half of APAC occupiers plan to grow, but the survey prices buildings rather than the office index.
- Deals
Fiera's Heathrow exit proves the recycling loop
At £475 a square foot, the £77 million sale to Tritax London Logistics Fund gives FRELD its first full cycle from consent to exit.
- Sectors
Industrial tenants are buying freight position, not warehouse term
Transportation eats 45 to 70 percent of logistics cost while rent runs 3 to 6, and that gap is turning the short-term industrial lease into the sector's most underpriced product.
- Real estate debt
Lenders lag equity on AI underwriting
Maturity pressure and capital-raising scrutiny are doing what risk exposure alone could not: pushing CRE debt desks toward underwriting tools the equity side adopted years ago.
22 stories
- Deals
Cord Meyer builds 145 rentals atop its own parking decks
A $100 million-plus Bayside infill shows what a six-decade land basis buys that a 2026 bid cannot.
- Real estate debt
M&T's New Haven bridge shows where the duration transfer stops
A lease-up loan at roughly $332,000 a unit is the kind of short, collateralized risk a bank still wants on its own book.
- Deals
Wonderful sells its technology tenant a third Shafter building
In a leasing market that gives occupiers the options, the cleanest exit for a landlord is selling to the one tenant with a reason to stay.
- Deals
Brea office clears at $205 a foot, vacancy included
A 30-day sale of a building 29.5% empty shows who bids on non-trophy office, and how the price gets set.
- Fundraising
Ares and PSP put $2.4 billion behind a sourcing network
The seed is fourteen buildings; the investment is Marq's pipeline—the distinction institutional industrial capital now pays for.
- Real estate debt
Affinius writes Lexington construction debt at higher leverage
The $45.75 million loan is a wager on scarcity that has to outlast 21 months of construction.
- Sectors
Amazon's next warehouses will be small, close in, and hard to build
Project Mercury would take the retailer from about 85 same-day facilities to more than 1,000 by 2031, moving the marginal dollar of Amazon demand onto a format the industrial pipeline serves least well.
- Real estate debt
Industrial's CMBS share gain comes with an 11% conduit tail
SASB portfolio financings carried $13.24 billion of the $14.93 billion securitized, and one of the year's biggest cleared above the sector's average leverage.
- Fundraising
The Fed repriced duration, and the refinancing wall got longer
A 4.1% median policy rate through 2027 moves the refinance past the exit dates most deals were written to.
- Deals
SL Green keeps Nearwater's rent and inherits a vacancy
Nearwater Capital's 37,563-square-foot lease at 245 Park empties 17,000 square feet at One Vanderbilt, same landlord, and the backfill is the truer read.
- Real estate debt
CIBC funds SkyREM's industrial refi on a three-year clock
CIBC's nonrecourse loan to SkyREM is priced off a full rent roll rather than a pipeline, a three-year bank term that shows the refinancing wall clearing without distress.
- Sectors
Grid access is now the gate for data center capital
At a record 37.7 gigawatts under construction across the Americas, the siting decision has become a power decision, and the largest proposed developments are going where the grid is.
- Real estate debt
The Fed's dot plot carries the underwriting news
A unanimous quarter-point increase, then a 4.1% hold projected through next year, removes the front-end cut bridge borrowers were counting on.
- Sectors
Border freight stalls, and industrial's trade leg wobbles
Truck activity on the northern border has flattened to early-2021 levels and is dragging on logistics demand in both countries; corridor warehouses are underwritten on throughput as much as on consumption.
- Fundraising
A 5 percent 10-year sorts CRE buyers from CRE bystanders
A unanimous quarter-point hike and a dot plot leaning toward another move hand the refinancing wall to whoever can write equity, not whoever can borrow.
- Real estate debt
Stockdale's $300 million credit book buys a pipeline, not a franchise
The Los Angeles owner-operator is lending where liquidity is thinnest, and the point is the deal flow the loans will see before anyone else does.
- Sectors
IMG renews at 304 Park, keeping 69% of its peak space
The five-year deal covers 90,202 square feet of a 130,655-square-foot footprint, leaving SL Green to test what Midtown South pays for the rest.
- Real estate debt
Three-year bridge prices a stabilized yield the asset must earn
An 80 percent LTV and a 6.45 percent debt yield put $50.4 million on Birwood Heights, but the loan is sized to stabilized income the asset hasn't yet earned.
- Deals
Prologis pays $49M for JFK warehouse, and the comp says Wildflower took the bid
The sale clears Wildflower's $48.1 million Barings bridge loan by $900,000, and comes in above the last Queens industrial comp, making College Point the better read on borough pricing.
- Deals
29th Street's $104 million Aurora basis clears at $72.5 million
A conservative agency-financed buyer paid 30% below the 2022 price for Peakline at Copperleaf, a mark for where Denver apartment underwriting now sits.
- Sectors
Dermody's Chicago infill project has to out-earn its own demolition
The 357,619-square-foot Berkeley redevelopment is a recycled site in one of the metro's best trucking positions, and the first lease rate will tell Chicago whether teardown-and-rebuild is a trade or a toll.
- Deals
Colliers closes sale of a two-tenant Ohio industrial box to Minneapolis REIT
At 257,120 square feet, SR Realty Trust is buying a rent roll with two names on it, a narrower bet than the spec sheet suggests.