Real Estate archive
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39 stories
- Deals
Canary Wharf's £625M sale to affiliates is no market test
Affiliate buyers leave the £625 million an internal figure, not a clearing price for London offices.
- Fundraising
Avison Young's recap turns lenders into owners
With a 70% debt-to-equity swap and a credit line attached, the war chest is an acquisition mandate as much as a balance-sheet repair.
- Deals
A 23-year hold resets Pico-Robertson's per-unit bar at $334,937
A sale after two decades under one owner gives small-balance buyers a fresh per-unit comp in a neighborhood where inventory rarely trades.
- Fundraising
Brixton Bets on the Sponsor-Replacement Trade
The new multifamily investment-management platform is a low-cost option on the cycle's quiet distress.
- Real estate debt
Principal lends $32M on a Queens grocery center its owner has held for 26 years
Northmarq placed the refinancing for Mattone Group on a fully leased Stop & Shop-anchored center.
- Real estate debt
Gantry swaps recourse for a floating-rate bet in $28.3M Central Valley refi
A five-year, interest-only, non-recourse life company loan replaces a bank facility and hands the borrower a rate-cycle bet on the Central Valley.
- Sectors
Port of LA's second-best July confirms industrial demand
Second-best July container volume is real-time evidence of warehouse demand — and a reminder that the tariff policy behind it can reverse.
- Fundraising
Nvidia's Cloverleaf bet: power is the scarce input
The chipmaker's stake in a power-intermediation firm is a bet that electricity, not silicon, now gates the AI data center buildout.
- Deals
Pyramid, Paolino buy Providence Place out of receivership for $133M
DW Partners joins the group, and the $133 million price reads as a bet that Rhode Island's largest mall can be repositioned rather than liquidated.
- Sectors
New rail spur gives Mark IV's Nevada district a national connection
The 4,300-acre Victory Logistics District now has direct Union Pacific service, putting 100 acres of rail-ready land on the market.
- Deals
Terreno pays $8M for vacant Redmond industrial building and the land under it
The 5.9% stabilized cap on an empty building is a wager on scarce Eastside Seattle dirt.
- Deals
$20.4M Lincoln Park trade clears at $208K a unit
Marcus & Millichap's sale of a 98-unit building with retail gives Lincoln Park a fresh mid-sized multifamily comp.
- Fundraising
CIM's Tysons sale puts a $168/SF marker on office distress
Finmarc's repeat buying shows the bid for suburban office is local and vacancy-tolerant, even as CIM simplifies its balance sheet for a public path.
- Fundraising
Invesco prices its redemption queue at 95 cents
The $12.7B ICRE fund offers fee cuts and a discounted tender to avoid a forced sale, pricing the exit before the market prices the buildings.
- Real estate debt
Los Angeles office stress moves to the suburbs
Trepp's CMBS data shows urban towers already in special servicing. In the suburbs, 46% of the book has a largest-tenant lease expiring before maturity.
- Deals
JBL Asset Management pays $17.3M for Quadro retail condo in Miami
The purchase puts the Hollywood, Fla.-based buyer on the edge of the Design District as its owners land a $125M construction loan.
- Deals
Northmarq closes $22.5M sale of Spokane apartments
At roughly $126,400 a door, the Spokane sale is a mid-sized multifamily deal that closed because the buyer had a local team.
- Who's investing
Morgan Stanley: CRE repricing is done, the base is forming
Morgan Stanley says the four-year repricing is finished and the next cycle has opened. The harder question for allocators is what the recovery will look like.
- Deals
RangeWater buys Atlanta's Bell Buckhead West for $54.9M
The 280-unit Atlanta community sold for about 11% below what Bell Partners paid in 2017, another sign that buyers are pricing stabilized apartments on current rents, not future growth.
- Sectors
Lincoln and ACORE launch Foundry43 in Salt Lake City's Granary District
The adaptive-reuse project adds 64,000 square feet of creative office to a former steel foundry site.
- Sectors
Medical outpatient sales jump 21% as portfolio premium widens
Cushman & Wakefield counted $6.7 billion in first-half medical outpatient sales; portfolio buyers paid a premium.
- Fundraising
Actis-backed TERRANOVA breaks ground on a liquid-cooled AI campus in Brazil
Private capital's data-center push reaches Latin America as TERRANOVA starts work in Campinas.
- Deals
Argosy adds Fort Myers site to its Sunbelt industrial portfolio
Third off-market purchase in Argosy's small-format Sun Belt rollout, with Bay Street Capital as operating partner.
- Fundraising
Inland closes a fully subscribed $28M QOZ fund
A six-project developer relationship and a named contractor carried the raise; QOZ investors are paying for execution, not just tax deferral.
- Real estate debt
A $120M bridge lets a New Orleans conversion prove itself
Bridge and preferred equity are carrying a completed hotel conversion through the gap between construction and stabilized income.
- Sectors
Ascendant completes 170-unit BTR townhomes in Houston
The Tomball, Texas, delivery is a 170-unit test of lease-up pricing in a submarket where for-sale homes run $1 million and up.
- Deals
Silverstone prices Brooklyn lease-up risk with preferred equity
The One Sunset recapitalization uses preferred equity to carry a 421-a building through lease-up, with the real repricing at the leasing finish line.
- Deals
Estate Cos. buys Phase II site for $13M before Phase I has delivered a unit
The 1.19-acre West Palm Beach parcel sits next to a still-rising 321-unit building, with Banesco financing 65% of the land.
- Real estate debt
Wells Fargo's three seats at one affordable table
On a 120-unit Pasco County project, the bank buys the tax-credit equity, holds the construction loan, and will service the Freddie Mac permanent loan.
- Sectors
Severino: Jobs are a shrinking gauge of CRE demand
BGO's chief economist says headcount no longer explains where property demand is coming from.
- Sectors
Europe's logistics boom rests on shorter leases
First-half take-up rose 20.5 percent, but occupiers' preference for flexibility makes the length of the rent roll the number to watch.
- Deals
Breakthrough's Boston exit puts a $19.3 million price on approvals
The Tishman Speyer-Bellco venture sells its entitled 232 A St. parcel to P&G Gillette for $99.3 million, monetizing the planning process rather than construction.
- Fundraising
Hines calls a buying window in half of global markets
The firm's report says half its markets are priced to buy, but the 6.5 million-unit housing gap is the call with staying power.
- Deals
GIC agrees to sell Tokyo office to Kenedix for $1.4B
The deal hands Tokyo a fresh office pricing reference at a roughly 28% gain over GIC's cost.
- Sectors
L.A. warehouses fill on tariff chaos. The vacancy rate is the tell.
Port volume is up 1.8 percent and leasing hit a five-year high, but vacancy hit a recent peak of 7 percent and rents are still falling.
- The Wrap
PRP Real Assets adds Cole Cook for multifamily push
The New York-based apartment dealmaker with nine years of multifamily investing arrives days after the firm consolidated capital formation under one executive.
- Deals
Cross Ocean, Fuller buy Fluor-anchored Houston office campus
Fluor occupies just under half the square footage at Eldridge Place, and that concentration is what makes the deal work.
- Sectors
Vanity economy takes 37.5% of leased retail space in Q2
A CBRE report gives shopping-center owners a numbers-backed case for courting beauty and wellness tenants.
- Sectors
Retail demand returns as new supply stays scarce
Stable vacancies and scarce construction make retail a cleaner underwrite for private capital.
1 story
- Deals
T&E buys West Chelsea lot from PPHE for $33.5M
The price works out to roughly $452 per square foot of development potential on a rare unrestricted West Chelsea parcel.