Sectors: archive
Every Sectors story in Real Estate, newest first. 370 stories
2 stories
Harrison Street staffs the exit side of its senior housing book
A three-person liftout from PGIM gives the $110 billion manager the asset management depth that matters when a portfolio has decisions pending rather than acquisitions to make.
Suntec's $815m Australian office sale puts its appraisals to the test
Two wholly owned Sydney buildings and a half-stake in Melbourne's Olderfleet go to market to cut borrowing costs, handing Australian office its first real pricing test since the Dec. 31 appraisals.
9 stories
Franchisees are building Flex's recovery, and carrying its risk
The location count keeps compounding at the sub-scale end of coworking, where the risk is quietly landing.
Two AI tenants fill a Flatiron building, and the bid stays narrow
Full-floor leases at 61 W. 23rd St. bring the repositioned Manhattan building to occupancy without making AI tenants a broad recovery story.
AI leasing arrives one Flatiron floor at a time
Two 8,367-square-foot leases at 61 West 23rd Street show what AI demand looks like at the small end of Midtown South, where a 2016 basis does the work a rent roll cannot.
Hanover's Lehigh Valley debut is its second new market in a month
The 358,234-square-foot Savage Road build is the firm's second ground-up entry into a new market in 27 days, and the payoff rests on the first lease signed.
New York's New Hurdle for Data Center Capital Is Disclosure
The moratorium has an expiry date; the reporting regime announced Monday does not, and that is the half a sponsor has to underwrite.
The office freeze is a financing verdict
A stalled pipeline will set the terms of every large lease expiring after 2028, and the effect will hit renewals before it hits rents.
Industrial's construction freeze is thawing at the small end
Cushman & Wakefield's cost guide shows small industrial projects inflating fastest at $144 per square foot, putting the infill scarcity premium under the one pressure owners cannot underwrite away.
Hawley's bill reprices the marginal opportunity zone data center
The Opportunity Zone tax break mattered to data centers mostly at the margin; Hawley's bill makes that margin a political variable.
Multifamily's coming shortage is a financing problem, not a demand one
A 475,000-unit pipeline and 95.5% occupancy set up the 2028-29 supply gap; the sponsors who capture it are the ones whose capital can wait.
8 stories
Data center power bill stalls; the states already had the rule
Congress's retreat leaves the cost-allocation fight to the statehouses, where data center underwriting now prices regulatory risk project by project.
A $116 million Sedona resort breaks ground at $1.66 million a key
Seventy keys against $116 million is a rate bet, which is why the villa layout and the amenity buildings matter more than the shovel.
Boerne's 324 units test the operator-and-location thesis
Endura's Hill Country groundbreaking carries the standard garden amenity list and a HUD 221(d)(4) loan, leaving the absorption question to the property manager and the site.
A foundation is setting a floor under downtown San Diego offices
Civic capital can hold a landmark at a basis no leveraged sponsor will touch, but patience is not absorption.
Vacant for a decade, now 362 fully leased apartments
BTI and Bridge bought the dirt cheap and let a bank loan carry the build, a template that only works while cheap infill sites exist.
Disney's return-to-office mandate won't move office leasing yet
The mandate names days, not buildings, and the tenants enforcing it are cutting payroll; the leasing mark comes at expiration, and it likely lands lower.
June's construction drop was a data center print, not a slowdown
Nine sub-50 readings in ten months from the design pipeline mean the supply freeze holding up non-data-center assets has another year to run.
August's job growth is a property-type read
The month's hiring concentrated in food services, government and health care, the payrolls behind Class C rent rather than the young-professional household formation that underwrites new supply.
7 stories
Boston office gets duration; it still needs a trade
Thirty-two leases with a weighted average term above ten years give International Place the cash-flow case a lender can underwrite; the market still has no mark on the asset.
Elecor bets a lobby and two amenity floors can move 1633 Broadway up-market
The spend puts Elecor on the capex side of Midtown's trophy-versus-commodity split, where the rent spread, not the amenity count, settles the wager.
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.
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.
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.
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.
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.
9 stories
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.
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.
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.
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.
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.
Embrey trades height for 296 units in Alamo Heights
A land lease and an entitlement waiver do the work in a submarket that normally caps apartment buildings at three stories.
A one-dollar rent decline hides a two-speed apartment market
Thirty-one of the top 50 markets cut rents in August while San Francisco grew at 11.9 percent; the national average flattens both.
The data center bottleneck moves to the substation
A pipeline nearly six times the installed base is being underwritten as a leasing story while the real constraint is a wire and a date.
NOI execution is a sponsor's edge; it can't fix the entry price
Lubeck's blocking-and-tackling case tells allocators what to screen for, and quietly concedes the part of the return no operator controls.
5 stories
Related starts leasing 336 rentals that will price the rest of Tuxedo Reserve
The first rent roll is the comp set for the phases Related has yet to build on the 1,200-acre site.
New Jersey's data center fight moves from power bills to diesel tanks
The spill at a 25-year-old Equinix interconnection site gives Trenton a specific reason to regulate the fuel data centers store, and the development pipeline will pay for it.
New York's medical office bid is a bet on regulation
The $302.2 million that ranks New York fourth on CBRE's list is paying for licenses and tenant credit as much as for square feet.
Logos Faith's $750 Million Pipeline Runs on Church-Owned Land
Fifteen groundbreakings through 2028 put the model's real constraint on the church side of the table, where the queue sets the pace.
Amazon gets the sortation center; the hard 110 acres go to a preservation bet
The Atlantic City Race Course split its 255 acres in two, and the half with the grandstands carries every variable the sortation center avoids.