Real Estate archive
Every Real Estate story, newest first. 1,875 stories
39 stories
- Real estate debt
Avila's $390M raise fills the gap regional banks left in lot credit
Insurers and endowments are now financing raw-land and lot credit, where the take-down carries the risk.
- Deals
Decron's $114 million Miracle Mile buy prices the LA-Sun Belt spread
The firm's first purchase in nearly two years prices Los Angeles against the Sun Belt, and the seller's undisclosed 2023 basis is the open question.
- Deals
Three equity partners split a Madison apartment building as a small conviction bet
The Duncan reached delivery with a bank lender and three equity partners behind it, which says more about how institutional capital is sizing Midwest multifamily than the ribbon did.
- Deals
A $107,000-a-door Nebraska trade marks the cash-flow half of the apartment bid
A fully leased 1994 building in South Sioux City drew multiple offers at $107,000 a unit, the income side of a split multifamily market where the other half is underwriting scarcity.
- Deals
The apartment bid reset lower; value-add buyers are setting the price
Seven trades in seven days after a slow summer say less about demand than about the basis at which sellers finally let go.
- Fundraising
RREEF's wind-down is the supply event discretionary sellers avoided
A $203 million NAV REIT that never found fresh capital is selling a decade of assembled assets into a market where almost nobody else is selling.
- Sectors
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.
- Deals
Garden Communities' Phoenix start is a payroll bet on a 2022 basis
A 504-unit project against Mayo Clinic and a $65 billion chip plant tests whether apartment supply is frozen everywhere or only where nobody is hiring.
- Real estate debt
The long end now sets the price of CRE debt
A 10-year stuck near 5% turns every 2026-27 extension into an equity-sizing question rather than a coupon question.
- Fundraising
Ares and PSP are buying origination, the scarcest input in logistics
With supply at a decade low, the joint venture's returns will be set by what Marq Logistics can source rather than by the size of the check behind it.
- Deals
Boston proposes $31.5M in tax deferrals to start four stalled projects
The city is testing whether deferring a property tax increase can move an approved project toward groundbreaking when the construction loan that stalled it has not changed.
- Deals
Portman buys 1,100-unit density with a 198-year covenant
The $15 million tax break covers 39 apartments; the zoning envelope it unlocked is worth far more than the $15 million.
- Real estate debt
Multifamily's maturity wall is now a sponsor-equity test
Three years carry $757 billion of a $1.8 trillion decade, and the Fed's quarter-point turns a refinancing gap into a capital call.
- Deals
Spandrel turns a $36 million foreclosure into Charlotte's first W
At the auction price, 200 hotel keys and 399 apartments work in a district whose office vacancy still runs 24 percent.
- Deals
Atlantic City's Steel Pier asks $85 million for a development option
At twenty times the family's 2011 basis, the listing prices entitlements that have sat unused for two decades against land comps that trade on logistics math.
- Real estate debt
A $5 million shell underwrites a $113 million conversion
A 2028 delivery date and a $5 million acquisition basis clear the Magnificent Mile conversion, with 37 percent equity carrying the construction term.
- Deals
Related's $33M Wynwood sale is mostly a seller note
With $26 million of the price returning as seller paper, the trade prices a Casa Tua lease, not the submarket.
- Real estate debt
Student housing's refinance risk is a 2029 problem
Most of the $5.29 billion of sub-8% debt-yield paper matures in 2029 and 2030, straight into a declining enrollment curve.
- Sectors
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.
- Fundraising
A $30 million LIHTC check fills 38 percent of Mesquite's senior stack
The affordable senior financing path runs through credit equity and a pair of bank desks, and the size of the equity layer decides how many of these get built.
- Deals
Equus buys a delivered Dallas box; Hines cashes the argument
Hines converts a 2024-vintage development into cash while Equus takes leased square footage a frozen construction market cannot quickly replace.
- Sectors
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.
- Sectors
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.
- Deals
Flagship's record $51M price rides on four operating rooms
The largest single-asset purchase in Flagship Healthcare Trust's history prices a surgery center's case volume above its 2008-vintage shell and sets an ophthalmology benchmark 60 miles from Charlotte.
- Deals
Nashville infill's value now lives in the conversion spread
The Stateline sale prices a former industrial building at roughly $395 a square foot, with no cap rate, occupancy or conversion cost disclosed.
- Fundraising
Avila's $390 million close says the scarce homebuilding asset is credit, not land
An insurer and a university endowment backed the lot pipeline, buying exposure that ends when finished lots move to a builder.
- Sectors
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.
- Real estate debt
Chicago's largest conversion is a $15,600-a-unit land trade
The $5 million purchase price is what makes the $113 million raise at 500 North Michigan Avenue pencil.
- Deals
Institutional capital keeps paying for the IOS operator, not the lots
Principal's recapitalization of Triten's 17-property industrial outdoor storage portfolio shows where the value sits in niche industrial: with whoever runs the yard.
- Deals
Clarion buys ESR's Amiens logistics box as spec supply freezes
The unlet quarter is the trade: it pays only if the Amiens development freeze outlasts the lease-up.
- Deals
Galvanize's Milpitas entry is a power trade at $313 a foot
The Bay Area debut pushes the strategy to 3.5 million square feet nationwide, but with the campus 95% leased the return now rests on what the owner builds into the buildings rather than what the leases collect.
- Deals
San Francisco's second market-rate start since 2023 is a 2028 bet
A $61.7 million PNC construction loan turns a Mission District apartment project into a wager on late-2028 delivery, not current rents.
- Who's investing
Alaska splits $300m core mandate three ways
The board split $300 million evenly across Principal, AEW and TA Realty, a choice that treats manager selection as the risk to spread.
- Deals
Barings buys the Mantova Sud consent and carries the lease-up
No price, no tenant, and a construction schedule already running: a European value-add strategy takes 67,000 square meters of permitted logistics space on a 145,000-square-meter site in Mantova Sud.
- Fundraising
The record half did not need a rate cut
First-half sales volume rose 14.7 percent with the policy rate far above its pre-2022 norm, evidence that equity spreads, not the Fed, now set the clearing price.
- The Wrap
The data-center trade now runs on volts
A week of announced pairings puts grid and energy assets at the center of digital infrastructure capital, leaving traditional real estate waiting behind the queue.
- Fundraising
The Sept. 28 list won’t decide where OZ money lands
New York will file its recommended Opportunity Zone tracts by the deadline, but the underwriting that the federal permanence and the state’s restored abatements unlock is what decides whether round two reaches the tracts round one missed.
- The Wrap
The debt stack now reports what property prices won't
Assumable coupons and advance rates are producing the marks that a market of undisclosed sales has stopped publishing.
- Sectors
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.
1 story
- The Wrap
Warsh's quarter point sorts CRE owners faster than it reprices them
With a second hike signaled before year-end, the equity check decides who keeps a maturing deal and who cannot.