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Private Real Estate Daily

from Private Wealth Daily

The edition as it went to readers: 10 stories.

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The lead

Blackstone affordable arm lines up $735M in Fannie Mae debt

The deal leaves part of the floating-rate package in place, CoStar News reports.

The Wrap

Man Group, Meiji Yasuda announce $1.25bn partnership

No strategy, sector or term is disclosed for the $1.25 billion commitment.

Deals

Ascent buys 97%-leased Dallas tower from Albany Road

The 10-story Hillcrest Tower was built in 1982 and renovated in 2022; no purchase price was disclosed.

Deals

Barings pays $66.2M for Placentia grocery-anchored center

Fully leased Village Center at Rose sold at about $557 per square foot; First Washington Realty was the seller.

Sectors

Querétaro holds 72% of Mexico's operating data center capacity

First U.S. hyperscale data center came around 2006; Mexico's first data center came in 2019.

Sectors

Seattle-Tacoma office vacancy falls to 18.6% as construction stalls

Marcus & Millichap sees vacancy falling to 18.4% in 2026 and asking rent rising to $29.30 a square foot, with downtown rents still under pressure.

Real estate debt

SASB deals take 76% of private-label CMBS through September

Single-borrower and large-loan volume hit $66 billion against $21.2 billion of conduits, with office collateral shrinking.

Real estate debt

Madison Realty lends $463M for St. Regis Sunny Isles condos

The loan equals roughly 29% of the $1.6 billion in presales the report cites, assuming the total covers both towers.

Real estate debt

JLL arranges MF1 loan on Lightstone's $88 million Manhattan buy

JLL's Peter Rotchford and Michael Shmuely placed the debt with MF1 for the 15-story, 2004-built rental; terms were not disclosed.

Fundraising

Town Lane closes second fund at $1.9B hard cap

The opportunistic vehicle beats its $1.5 billion target by $400 million and is closed to new primary commitments.

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