Real Estate archive
Every Real Estate story, newest first. 1,835 stories
30 stories
- Deals
Irvine sells One North Wacker to Ortega's Ponte Gadea for $550M
The buyer assumes a $353 million CMBS loan Irvine took out in 2021, and the price is about $11 million above Irvine's combined 2011 and 2015 purchase price.
- Real estate debt
SL Green and Mori Trust refinance 245 Park Ave. with $2B loan at 6.52%
The five-year single-asset CMBS loan replaces $1.768 billion of mortgage and mezzanine debt on the 1.8 million-square-foot tower.
- Real estate debt
Blackstone's $1.3 billion CMBS multifamily loan lands in special servicing
The loan matured earlier this month with $517.7 million outstanding on six remaining properties, according to Morningstar Credit.
- Real estate debt
Trepp: two borrowers account for 89% of delinquent SASB multifamily debt
Removing the two borrowers' $1.00 billion would leave a 0.45% delinquency rate on the $28.44 billion SASB multifamily balance, Trepp calculates.
- Deals
Akara and Deven start 305-bed SDSU student housing with capital in place
The eight-story College Avenue project targets the 2028–29 academic year; Connect CRE's report named no lender, loan amount or debt-equity split.
- Sectors
KG Growth Partners weighs data center conversion at shuttered San Francisco Centre
The Maryland advisory firm has asked the city about buying the 350,000-square-foot former Bloomingdale's space; no application for permits has been filed.
- Sectors
San Jose median asking rent hits $3,565 as national median falls
San Francisco climbed 4.8% to $3,057, $48 below its summer 2022 peak; Connect CRE, citing Realtor.com data, attributed Bay Area gains to AI hiring.
- Sectors
EverWind plans C$8 billion Point Tupper data-center campus in Nova Scotia
The first 95 megawatts are targeted for late 2027, with a 325-megawatt expansion in 2028; Reuters reports Anthropic is the tenant for the initial phase.
- Fundraising
Two Sigma's real estate unit pauses new investments and halts fundraising
Rich Gomel, who joined five years ago to lead the unit, is leaving the firm, according to The Real Deal's account of Bloomberg's reporting.
- Real estate debt
S3 Capital lends $52.5M for 28-unit Upper East Side condo tower
Grand Cru Real Estate and Visabe plan a 20-story building at 1527 York Avenue, with construction slated to begin in early 2027.
- Deals
Baron Properties buys seven-property Phoenix and Las Vegas warehouse portfolio
The 426,000-square-foot portfolio is fully leased to 11 regional and national occupiers, according to Connect CRE.
- Real estate debt
ICBC's U.S. arm lends $24.4M to refinance NoMad office tower
The 16-story, 71,871-square-foot building was bought by LMR Assets for $31.3 million in June 2024.
- Sectors
Boston office vacancy forecast to fall 10 bps to 19.1%, Marcus & Millichap says
The brokerage attributes the drop mainly to Suffolk County, where 1.3 million square feet of first-half absorption cut vacancy to 20.4%.
- Deals
Brixton sells 664,100-square-foot Dow Texas Innovation Center to ExchangeRight REIT
Brixton took operating partnership units in ExchangeRight rather than cash, deferring taxes on a campus leased entirely to Dow Chemical.
- Real estate debt
September CMBS delinquency rises to 8.02%, led by office and hotel loans
In August, private-label multifamily securities had a 7.69% delinquency rate against Freddie Mac's 0.8%, Trepp data show.
- Sectors
Southern California warehouse users outbid investors to own space
Occupiers competed actively with institutions early this year and paid a premium to buy rather than lease, according to Smith Industrial Partners data cited by Commercial Observer.
- Real estate debt
STRE Management and Lloyd Jones refinance The Vibe with $50.8M CMBS loan
JLL's debt advisory team placed the five-year fixed-rate loan on the 194-unit Little Havana property, which was 96.4% leased.
- Deals
EQT signs deal to acquire Stockbridge, adding $16.5B in fee-generating assets
The transaction covers 100% of Stockbridge's management company and GP entities; earlier reporting put the price at $375 million.
- Real estate debt
CBRE arranged a $17.1 million City National refinancing for Crawford's Peachtree Corners HQ
The five-story building is fully leased to Crawford & Company, which has based its global headquarters there since 2017.
- Deals
Phillips Edison pays $69.1M for Publix-anchored Oviedo center
The 168,532-square-foot Seminole County center is 96% occupied; JLL represented a seller joint venture that includes MCB Real Estate.
- Sectors
Dermody to start 1.2M SF of Phoenix industrial as first phase leases up
Buildings 3 and 4 at LogistiCenter at Copperwing are designed to combine into a single 1,319,962-square-foot building, with delivery estimated for the third quarter of 2027.
- Fundraising
OCC and FDIC proposal would curb mid-size bank Housing Credit investment
Banks supply 75% to 80% of Housing Credit equity, and at least 71% is motivated partly by CRA, Commercial Observer reported.
- Sectors
Seoul class A face rents rise 4.9% as CBD vacancy climbs to 7.0%
Newmark's Q3 report credits tenant relocations; two of the three named tenants are public bodies.
- Real estate debt
Akara and Deven Group close construction financing for 305-bed SDSU housing
The eight-story College Avenue project targets delivery for the 2028–29 academic year; the announcement gives no lender, loan amount or debt-equity split.
- Sectors
New Mountain net lease arm targets mission-critical manufacturing
Kaplan said about half the industries the unit focuses on depend on real estate-centric operations, citing consumer packaged goods, food and beverage, and pharmaceuticals.
- Real estate debt
DayOne upsizes Malaysia term financing to $7.2 billion as billings pass 1 GW
A seven-lender consortium arranged the senior secured multicurrency facility, which DayOne says builds on the roughly $3.5 billion syndication secured in May 2025.
- Deals
TMG Partners and KKR-managed accounts buy San Jose's Skyport Plaza for $75.5 million
The county lease is projected to start in the first quarter of 2029 and run through 2059, after TMG renovates the vacant former Qualcomm towers.
- Sectors
KG Growth Partners explores AI data center conversion at shuttered San Francisco mall
The Maryland-based firm is weighing the former Bloomingdale's space; no formal development application has been submitted.
- The Wrap
Boston Properties closes 10.6% stake sale in 343 Madison to AVRS Partners
The 46-story Midtown tower is 56% pre-leased and carries $1.2 billion in construction financing, Commercial Observer reported.
- The Wrap
BXP sells 10.6% of 343 Madison tower to AVRS Partners
The 46-story Midtown project is 56% pre-leased and has $1.2 billion in construction financing, Commercial Observer reported.
1 story
- Sectors
Moinian set to add 1.9 million square feet of Hudson Yards office
Commercial Observer's summary of its sit-down with him names no start date, address or anchor tenant; Manhattan is described as desperate for new stock.
9 stories
- Real estate debt
Merchants Capital secures $30.7M Freddie Mac forward loan for Indianapolis LIHTC project
The 227-unit Central at Old Southside, developed by The Annex Group, is scheduled to start construction in 2026 and finish in 2028.
- Real estate debt
PCCP lends $41M to refinance Foulger-Pratt's San Diego apartments
The senior loan replaces construction debt on Tenney North Park, a 125-unit building completed in 2025.
- Deals
TruAmerica Multifamily acquires 446-unit Dunwoody apartment complex
The wider Perimeter Center submarket has 321 units scheduled for 2027 delivery, the release cited by The Real Deal says.
- Deals
TMG, KKR accounts buy San Jose's Skyport Plaza for $75.5M; TMG signs county lease
The County of Santa Clara's 30-year lease covers 393,000 square feet and is expected to begin in the first quarter of 2029 after renovations.
- Real estate debt
Pearlmark lends Empira $81M for Coral Gables apartment tower
CBRE arranged the $81 million construction loan for the 160-unit Aurelian. Empira's earlier Miami apartment loan was $111.3 million in Brickell.
- Deals
Sitex Group buys 343,000-sf South Brunswick warehouse leased to parcel tenant
Connect CRE reports the seller and sale price were not disclosed for the roughly 40-acre site about two miles from New Jersey Turnpike Exit 8A.
- Sectors
NYC multifamily dollar volume falls 23.3% in Q3 as large deals halve
Nine-month sales still rose 7.9% to $6.99 billion across 1,044 transactions, and buildings with at least 75% free-market units took 63.1% of third-quarter dollar volume.
- Deals
Keelbase Capital buys 80-unit Bellevue apartments with family-office equity
The Seattle firm says the prior capital structure was set in a different rate environment; no price was disclosed.
- Deals
TruAmerica buys 446-unit Dunwoody apartments from Clark Ventures
The Oct. 15 preemptive purchase brings TruAmerica to 3,374 units in Atlanta, according to Multifamily Dive.