Real Estate archive
Every Real Estate story, newest first. 1,820 stories
24 stories
- Deals
IRT buys a quarter of itself; the Midwest gets a stock mark
An $8.1 billion apartment combination is an integration bet first and a Midwest pricing event second, and the private market is likely to misread which is which.
- Deals
Realty Income keeps the European platform; KKR pays €528 million for 49 percent
KKR's €528 million buys a minority interest in assets Realty Income will keep running, and gives other US net-lease platforms a template for raising capital without selling anything.
- Deals
Harrison Street trades priced beds for 2029 delivery risk
A $230 million, 700-bed university partnership gives Harrison Street its first PPP deal, weeks after it sold Dublin student housing and rebuilt its capital-raising bench.
- Real estate debt
Stockdale hires Fortress's origination bench for a $300 million credit book
The Los Angeles firm's $15 million-to-$75 million band is where the refinancing wall gets rolled, not repriced.
- Real estate debt
Newmark places $55M Seattle refi at $275,000 a door
Three owners from three balance sheets refinanced a Seattle building completed in 2024 rather than sell it, and the per-door basis explains the choice.
- Deals
Lincoln and PGIM build a North Texas medical platform
Two Class A Dallas-Fort Worth medical buildings, 103,000 square feet and 84% leased, give Lincoln a North Texas healthcare platform and leave the deal hanging on the vacant 16%.
- Sectors
At $34 a foot, Insignia can out-lease Vinings
A $21.75 million purchase and more than $10 million in amenities give two 18-story Vinings towers an all-in basis near $50 a square foot.
- Real estate debt
HPS writes a $101M bridge that funds its own interest carry
The construction takeout has moved off bank balance sheets, and the first real price on Jacksonville 55+ will arrive at the extension date.
- Real estate debt
Starwood hires Blackstone's Eglit to scale a $10 billion debt book
The relationship book and portfolio-buying playbook Eglit brings from Blackstone matter more than the seat he fills.
- Real estate debt
A $5.6 billion equity shop takes the lending seat
GTIS renames itself Brightshore and launches a debt platform that puts a development-equity house on the paying side of the refinancing wall.
- Real estate debt
Jersey City is where the refinancing roll stops working
A decade of hotel cash flow that never matched its underwriting reaches maturity, and the workout becomes the comp for the 2016 hospitality conduits.
- Fundraising
Starwood puts a hotel operator in Europe's asset-management chair
Promoting a hospitality executive into Starwood's European asset-management role is a bet that the work after closing will decide the next leg of returns.
- Deals
CapitaLand buys a Hong Kong hotel to seed a bed-rent platform
The HK$2.3 billion ticket is a conversion underwrite; the room count that would let anyone check the yield is missing.
- Real estate debt
Stockdale puts an owner-operator's edge into a $300 million credit book
With $15 million to $75 million tickets and a $4.5 billion portfolio behind it, the Los Angeles firm is building a demonstration portfolio whose real return is a first look at the assets.
- Fundraising
Heitman puts one Seoul desk over equity and debt
A single sales hire is a cheap option on Korean institutional capital, and putting both platforms under one desk suggests the pitch is already combined.
- Fundraising
CIM rehires the architect of its opportunity zones platform
The appointment carries a title and no capital detail, and that silence is the read on where the platform goes next.
- Sectors
RCLCO's margin fix is an extension, not a repricing
Debt easing while equity stays picky means the maturity wall is still being rolled, and the survey's own capital-markets answers say marks wait on a trade.
- Sectors
L.A.'s soundstages won't be saved by a $4.76 billion summer
The season ran 26 percent ahead of last year at the box office while the city's production market kept losing shoots abroad — and the two numbers no longer move together.
- The Wrap
The bond market's 72-basis-point data-center warning
Debt has begun pricing construction and concentration risk in data centers; equity has not, and the next issuance wave will force the two to converge.
- Deals
Fortress Bought 40 Buildings the Tape Had Written Off
The firm's real estate equity head says San Francisco multifamily was bought at roughly half of pre-COVID pricing, which leaves the recovery trade done and the liquidity question wide open.
- Fundraising
LogiPropCo's third JV buys buildings, not land
The industrial developer's first acquisition-focused institutional vehicle puts two regional sourcing heads at the center of the strategy—a tell about where value-add industrial capital thinks the constraint sits.
- Deals
Speed Bay's shallow-bay ramp hits three million square feet
A platform launched in June has already assembled three million square feet of a product that trades one building at a time, and scarcity is both its rent story and its ceiling.
- Deals
Hamilton Lane's retail check is a bet on Stockdale
The $157 million Chino Hills trade prices a submarket thesis at roughly $415 a foot, with the seller and the equity split undisclosed.
- Sectors
Shallow-bay industrial's scarcity pitch is also its ceiling
Speed Bay's Michael Moriarty tells IREI that infill scarcity and data center land competition support shallow-bay rents — for the owners already holding the product.
16 stories
- Deals
Catalina Section 8 clears at $139,419 a unit on a loan assumption
The $8.64 million sale closed with a ground lease, HUD consent, a HAP assignment, and a loan assumption; the assumption kept it out of the repricing queue.
- Sectors
Bridge buys the AI trade in two industrial addresses
Two closed Northern California acquisitions map a strategy that depends on infill scarcity persisting and logistics tenants continuing to move inland.
- Deals
JLL IPT pays $450 a foot for duration in Roseville
A $19 million medical-outpatient purchase rests on a 12-year lease from an unnamed anchor, making tenant credit the whole bet.
- Real estate debt
Special servicing hits a 2013 high on loans that could not roll
A single $1.10 billion Hollywood studio-and-office loan carried August's transfers, and the mix points to maturity failures rather than broad distress.
- Deals
KKR takes 49 percent of Realty Income's European net-lease portfolio for $608 million
With Realty Income keeping 51 percent and the management contract, the 17-year venture prices European net-lease income at 5.9 percent and gives the REIT private capital without repricing its equity.
- Real estate debt
Data center CMBS is pricing the wrong risk
The triple-A spread on data center bonds sits 72 basis points wide of office, a gap that acknowledges something is different about the collateral without deciding how different — and the issuance pipeline is about to force the question.
- Deals
NewQuest builds Katy center on anchor credit, not absorption
At 95% pre-leased before three anchors open, the $400 million question is whether the last 5% is small-box space nobody is queuing for.
- Sectors
Mall values rise 13% as investors exit multifamily and office
Money leaving apartments and offices is bidding up U.S. real estate's top-performing sector, and two owners' equity just got cheaper.
- Real estate debt
PGIM prices an office-to-storage conversion at completion
The $57 million refinancing at 152 West 36th Street confirms an exit route for obsolete Midtown office, with the sponsor left to prove a rezoning thesis in the lease-up.
- Real estate debt
Audubon takes a 322-unit Atlanta tower at the loan balance
A 2021 Midtown Atlanta basis clears through the debt rather than a foreclosure, putting one more credit in the hands of a lender that just consolidated a far bigger apartment book.
- Deals
Thornton clears Evergreen's Creekside Gardens, reopening the pipeline the tap freeze parked
Evergreen Devco's 416-unit Creekside Gardens clears Thornton's council, converting a stalled suburban pipeline into a dated delivery window that land buyers can price.
- Sectors
Theseus staffs the build side of AI data center demand
Krupal Raval's hire at Theseus puts Macquarie and GIC on the build side of AI data center demand, with Anthropic as both the covenant and the concentration.
- Real estate debt
PNC's $92M Carr loan is underwritten by a tax abatement
A five-year term against a 2028 delivery leaves two decades of abated taxes carrying most of the $92 million.
- Real estate debt
A 35-year owner terms out and keeps its options
Seven years fixed, four interest-only: a refinancing with no forced clock.
- Deals
For medical office sellers, the real exit buyer is the health system next door
South Broward Hospital District's $69 million purchase of a 1980s Hollywood campus shows who actually clears on-campus clinical product.
- Sectors
Fifth Third grows at Rockefeller Center, but sets no rent
An expansion inside a lease that runs to 2034 tells Midtown who is still signing, not what they are paying.