Real Estate archive
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16 stories
- Deals
Northampton and Provident Data Centers form joint venture for 54-megawatt North Dallas facility
The 54-megawatt facility is scheduled to deliver in late 2027 on a 74-megawatt site, and the partners agreed a framework for further inference-ready projects.
- Deals
PAULS re-acquires 15-story Regency Plaza from Granite in Denver Tech Center
No price was disclosed for the 335,908-square-foot tower, which is 83 percent leased and was financed with fixed-rate debt from Collegiate Peaks Bank.
- Deals
KKR and Mirastar acquire eight UK logistics assets from Ares
Published reports value the 2.7-million-square-foot portfolio at approximately £400 million; the deal follows KKR and Mirastar's late-July acquisition of four UK logistics assets from PLP.
- Deals
Orion Real Estate Group pays $26.1M for Food Lion-anchored Boone shopping center
The fully leased 88,800-square-foot Watauga Village is Orion’s first shopping center acquisition in North Carolina.
- Real estate debt
Greystone assembles $167M financing for Related Urban's Gallery at Lummus Parc
The stack includes an $80 million construction loan with BlackRock's impact fund, $27.4 million in tax credits and a Freddie Mac forward, with no bank in the group.
- Real estate debt
PTM Partners closes $125M construction loan from GID for St. Pete high-rise
Berkadia arranged the three-year, floating-rate loan for the second phase of EDGE Collective, which adds 330 units and 19,000 square feet of retail.
- Deals
Endeavor and Cox reported buyers of Alpharetta's Hotel at Avalon for $220 million
Crescent Real Estate held the 330-key hotel since September 2020, about six years, and the property includes a conference center built with the city.
- Real estate debt
George Comfort announces $386M New York Life refinancing of 200 Madison
The five-year floating-rate loan carries a three-year initial term and two 12-month extension options, with proceeds paying off existing debt and funding leasing.
- Deals
Alterra IOS adds four Houston industrial sites, taking metro portfolio to 39 properties
Three of the four sites are fully leased; Alterra gives no price, seller, cap rate, or submarket names.
- Deals
Transwestern Investments buys Chicago industrial building for a separate account
The 408,176-square-foot I-88 Corridor property was built in 2023 and is fully leased; the announcement gives no price, seller or account owner.
- Real estate debt
Savills IM SGR wins Bank of Italy approval for Italian direct lending platform
Giovanni Trespidi will lead the unit, which is entirely separate from Savills IM DRC; Savills IM SGR also manages €7.6 billion in real estate equity strategies.
- Fundraising
Manhattan investment sales run ahead of 2025 pace as BKREA questions dollar volume
First-half 2026 volume of $10.173 billion puts the borough on a $20.346 billion annual pace, but BKREA argues the count of properties sold, tracked since 1984, is the number that separates a busier market from pricier deals.
- Fundraising
BNP Paribas AM Alts pitches European housing as a rearmament trade
Germany's €600 billion defense and infrastructure program would shift jobs and population, lifting housing demand once industrial and logistics assets absorb the first wave.
- Deals
Rockpoint announces acquisition of 1.03 million sf Richmond industrial campus
The five-building Chester, Va., campus was developed in 2015 and will be managed by Rockhill, Rockpoint's property services affiliate; terms were not disclosed.
- The Wrap
Brixmor and Everview agree to take Slate Grocery REIT private at $13 a unit
The all-cash offer values the grocery-anchored landlord at $2.3 billion, with Brixmor taking 23 centers and a joint venture taking the other 92.
- Sectors
Westlight Capital reports $750 million in multifamily AUM ten months after founding
The West Palm Beach firm's founder, Doug Faron, spent a decade at CIM Group before starting two firms of his own.
24 stories
- Sectors
Lyft, Uber, Waymo and Zoox lease nearly 1M sf of robotaxi industrial space this year
The four companies' new leases top the 830,000 square feet they signed from 2022 through 2025 combined, according to Cushman & Wakefield data obtained by Bisnow.
- Sectors
Kendall Capital files Boston plans for 155-unit office conversion at 133 Federal St.
The 12-story Financial District landmark was bought for $15.75 million last December, about $102 a square foot, with historic tax credits slated to finance the work.
- Sectors
CoStar data show hotel RevPAR up 10.4% as weekly ADR sets nominal record
Average daily rate rose 5.7% to $179.30 for the week of Sept. 13-19, and 89% of U.S. hotel markets posted higher year-over-year RevPAR.
- Deals
Marcus & Millichap announces 206-unit Fort Wayne sale after 50-year family hold
The buyer is an Illinois investor planning interior renovations; the announcement does not include a price.
- Deals
Long Island City auto-repair building sells for $6.1M with condo plan
Marcus & Millichap marketed the 0.11-acre Fifth Street site for a private family seller, and the buyer is underwriting more than 30 units at sellout pricing above $1,600 a square foot.
- Deals
Becovic Residential pays $20 million for 1923 Andersonville mixed-use block
The seller had held the 81-apartment block at Clark, Foster and Ashland for more than 40 years; Associated Bank provided the financing, and the ten storefronts have no disclosed occupancy or rents.
- Fundraising
Arbor South receives final state approval for 20-acre Ann Arbor project
The mixed-use plan carries more than 1,000 apartments and condominiums, 100,000 square feet of ground-floor commercial space and a hotel.
- Deals
Seven Equity Group buys two largely empty SF offices for $65.5M
Hudson Pacific sold the 1920-vintage Howard Street pair with a $51 million acquisition loan from Genesis Capital Group; 899 Howard closed with no tenants.
- Sectors
Puget Sound apartment pipeline shrinks as developers cancel approved projects
Kidder Mathews puts the region's total pipeline at 111,019 units, with both approved and in-review projects contracting over the past year.
- Sectors
Post Real Estate expects to convert more than 7,500 units from market-rate to affordable this year
The Beverly Hills firm owns more than 34,600 units across 154 affordable properties and converts market-rate units mainly via tax exemptions and other strategies with minimal government subsidies.
- Real estate debt
Blackstone, LBA Realty to close $270M CMBS refinancing of One Culver
Nomura originated the loan, which retires $310 million of prior debt and is smaller than the balance it replaces.
- Deals
Blackstone buys Sunnyvale plant with Nvidia as tenant for $95 million
The 134,000-square-foot building at 350 Cobalt Way carries nearly 10 megawatts, which the Silicon Valley Business Journal reports is the scarce input in a market that cannot readily add power.
- Deals
Newmark brokers $95M sale of Randhurst Village to Rhino Investment Group
DLC sold the 931,798-square-foot Mount Prospect center, anchored by Costco, Jewel-Osco and Home Depot, at its original contract price.
- Deals
National Healthcare Properties agrees to sell 40 outpatient buildings for $531M
The REIT expects to net $511 million after retiring debt on the portfolio, and will use the proceeds to repay its revolver and buy senior housing.
- Fundraising
Thompson Thrift identifies six projects across five states, including a first in Montana
The Indianapolis developer's ninth multi-project partnership targets $200 million to $230 million for class A apartments.
- Real estate debt
Trepp: limited-service hotel loans lead CMBS lodging in nonperforming and refinancing risk
Limited-service loans hold 12.6% of the $92.18 billion securitized lodging book but 21.8% of nonperforming balance, and median net cash flow runs 9.7% below underwriting.
- Sectors
Jamison Commercial and Cahn family plan West Chelsea office condo conversion
The 51,400-square-foot building at 510-514 W. 27th St. would offer its top four floors for sale, with the Cahn family's textile business continuing to occupy part of the building.
- Deals
Inova buys Willow Oaks medical campus from Stockdale for $97.5 million
Newmark arranged the sale of the two-building, 382,850-square-foot Fairfax campus, which sits next to Inova's headquarters and hospital.
- Deals
Carmel Partners pays $76.6 million for Clarion's Edison at RiNo
The 277-unit Denver apartment building sold for about $277,000 a unit; JLL arranged $60.3 million of debt while Clarion owned it.
- Sectors
Sentinel Capital adds 7,134 square feet at SL Green's fully leased One Vanderbilt
The expansion leaves the private equity firm at 34,737 square feet in a tower where SL Green says rents run from $250 to more than $300 a foot.
- Deals
Brixmor and Everview agree to take Slate Grocery REIT private at $2.3B
The $13-a-unit price is a 13 percent premium to where the units traded when the strategic review was announced in May and 20 percent above the Wednesday close before distributions were suspended.
- Deals
Brixmor Property Group buys 23 Slate Grocery centers; JV takes 92 in $2.3B take-private
The $13-a-share all-cash offer comes after Slate suspended distributions and its Toronto-listed shares fell 20%.
- Real estate debt
Brightshore Capital anchors a $250m US real estate credit platform
The manager formerly known as GTIS Partners will focus the vehicle on stretch senior, mezzanine, preferred equity and B-notes.
- Sectors
I Squared-backed CubeCold names Kurt Pierloot CEO
Pierloot, formerly Bleckmann’s chief executive, takes over a platform with more than 30 facilities, 650,000 pallet positions and 14 acquisitions since 2021.