Real Estate archive
Every Real Estate story, newest first. 1,875 stories
28 stories
- Deals
TA Realty's Wellington buy resets its own South Florida basis
The $288,000-a-unit print lands a quarter or more below TA's own recent South Florida costs: clearing basis emerging when core mandates meet value-add math.
- The Wrap
Harrison Street hires the bench that makes a senior housing platform work
Four PGIM hires in two weeks give Harrison Street an operating bench that an operator acquisition would have cost a control premium to obtain.
- Real estate debt
Dwight's College Station cash-out refi marks the apartment market without a sale
Partin takes $42 million out of a 288-unit property a mile from Texas A&M, leaving the market's freshest apartment price in a private loan file.
- Deals
Atlanta's $450M office test is a credit trade
Compatriot's fully leased hub will print a comp built on State Farm's covenant rather than on Atlanta's office market — and that is exactly why it should clear.
- Deals
Denver's failed office conversion meets the $24-a-foot market
A 2015 basis of $26 million for 475 17th St. now sits beside an August Denver auction clearing at roughly $24 a square foot, and the TenX screen will say which number the market believes.
- Real estate debt
Student housing's $1.25 billion problem is a clock, not a default wave
Trepp's data locates the sector's unresolved credit in 20 sub-breakeven CRE CLO properties, while the CMBS loans that were going to default have already done so.
- Deals
New York's conversion math clears on public land
A 300-unit increase at 100 Gold Street shows office-to-housing works when the city owns the land, and leaves private sponsors with nothing to finance against.
- Real estate debt
Trademark breaks ground on a Whole Foods-anchored center, lender unnamed
Fourteen committed tenants are doing the work a disclosed loan amount would normally do in a ground-up retail start.
- Real estate debt
A $54 million loan prices senior housing as a service business
Four capital providers closed construction debt for a 175-unit independent living project whose demand case rests on a master-planned neighbor still roughly 300 homes from build-out.
- Sectors
The manufacturing rebound is a powered-land trade, and Texas owns it
Announced manufacturing capital is more than doubling while job announcements grow at less than half that pace, which tells industrial owners the demand is land-heavy, power-hungry and geographically narrow.
- Deals
Investicore buys Ares' Charlotte park on a lease-up basis
A $64 million trade on a 40%-vacant 14-building park puts a number on the spread between headline price and occupied-square-foot price.
- Real estate debt
Bow River's Fannie loan is all coupon, no amortization
Five years of interest-only Fannie Mae debt pushes the entire $53.9 million to a 2031 refinance, which is where this trade actually gets decided.
- Deals
First Washington's $65m Midwest buy is a shop-space bet
Two centers totaling 345,493 square feet take the portfolio to 21.9 million square feet, at a blended floor near $188 a foot that only works if the small-shop rents move.
- Who's investing
TRS's CIO search is a real estate succession
A $30.6 billion property book against a 15 percent target changes hands while every major property type is finding a new price.
- Deals
Ambrose's Whitestown exit is a velocity trade; the price never printed
A fully leased Whitestown distribution building trades to a private REIT with no price disclosed, which says the industrial bid is now a velocity-and-covenant trade rather than a mark.
- Fundraising
Sightbridge hires the diligence gate before it has a product
Two distribution hires land months ahead of the first tax-advantaged program, and the job descriptions say the firm knows which seat is load-bearing.
- Deals
PRP's Montgomery buy is a credit trade, not a building trade
A fourteen-year lease with an expansion option turns a $66.5 million industrial purchase into a bet on a supplier's American buildout.
- Sectors
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.
- Real estate debt
Sixth Street and Lloyds put U.K. property debt on an ABF desk
The agreement names an asset-based finance platform as the lending vehicle and the real estate team as support, which tells you these loans will be priced off buildings rather than borrowers.
- Real estate debt
Corebridge Takes Out FIU Student Housing and Hands Back Cash
The $180 million refinancing retires construction debt and returns equity on a tower whose real collateral is one university's enrollment.
- Sectors
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.
- Real estate debt
BridgeInvest funds the lease-up on an office it cannot control
A $114.3 million refinancing puts private debt behind the leasing of RIVANI's Lincoln Road building, on a basis that only works if the sponsor keeps signing tenants.
- Fundraising
Savills IM hands fundraising and IR to a 13-year AEW veteran
The client capital appointment lands days after Bank of Italy approval for a standalone Italian lending platform and exits from two long-held retail assets.
- Who's investing
DRA builds a $2.75B fund one $50M state ticket at a time
New Mexico's approval is the second same-size state commitment to a DRA value-add fund this month; the fund's office sleeve is why the $50 million ticket, not a flagship close, is the model.
- Who's investing
Orange County buys Blue Owl's lease-duration industrial bet
The $75 million ticket is modest; the strategy behind it is a credit underwriting wearing a sector label.
- The Wrap
A Forced Sale Sets the Price of Gated NAV
DWS's wind-down will turn appraisal marks into observable trades, and the liquidation comps become the reference the industry has avoided.
- Real estate debt
Corebridge's $180M takeout prices FIU's enrollment, not the building
A 98-percent-leased 2024 delivery takes a permanent loan with cash returned to the sponsors, and that combination is what this debt market is rewarding.
- Deals
Rubin Museum lists its Chelsea building to fund a traveling program
A 26-year hold bought for $22 million turns into an operating budget, and the buyer's underwriting, not the museum's history, sets the price.
12 stories
- Sectors
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.
- Fundraising
RREEF Trust's $200M wind-down tests what gated NAV marks are worth
A diversified portfolio sold into a market where almost nobody else is selling will convert an appraisal into evidence.
- Sectors
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.
- Deals
Valencia office trades at $204 a foot, vacancy and all
Two September Southern California office sales priced within two dollars of each other, despite 8.5 points of occupancy between them; the gap is what the market is buying.
- Deals
Dulles flex trades at $200 a foot as the seller exits
Klein Enterprises cashes out of the corridor whose rents it credits to data-center competition, leaving Victoria and Lincoln holding a land option with tenants paying the carry.
- Deals
Oxford's Riverside sale pairs a leased 2018 building with a 1990 park
Sierra Ridge is buying two buildings that will not price alike, and the bundle is the point.
- Real estate debt
Nuveen buys a state template, not a spread
The $23.2 million close is New Hampshire's first C-PACE deal, and the precedent it sets for the next 381 units is the part that matters.
- Real estate debt
BREIT takes $105 million out of a fully leased industrial book
The $1.71 billion CMBS loan turns a stabilized 19-million-square-foot portfolio into funding for the data center rotation, and the extension options stay with the sponsor.
- Real estate debt
A $3.7B book in two years buys 13,000 more square feet
Ascent's two-year originations pace says the smaller-balance construction and bridge gap is where private real estate credit is clearing outside bank balance sheets.
- Sectors
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.
- Deals
Seefried buys O'Hare infill land at $1.125 million an acre
At roughly $55 of land per square foot of planned building, the deal is a bet on a 2027 rent.
- Deals
Chicago's $19M conversion sale prices a basis, not a market
An early Chicago office-to-apartment price arrives without the unit count or rents that would turn it into a comparable.