Real Estate archive
Every Real Estate story, newest first. 1,875 stories
1 story
- Deals
Prosper's $650M Bugatti tower is a land-basis trade
The Brickell acre is under 8% of the $650 million project; the badge has to sell the rest.
39 stories
- Sectors
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.
- Deals
A family office bought a 3.8% loan with 100 Modesto doors attached
A 3.8% assumable HUD coupon carried more of the $26.6 million price than the Modesto rent roll did, and the apartment market's clean trades are clearing on the same math.
- Real estate debt
Corebridge writes $293 million on a fully leased Meatpacking building
The refinancing shows where insurance capital will still term out 2019-vintage Manhattan office — and leaves the rest of the wall unanswered.
- Deals
Galvanize's California debut prices a retrofit at $313 a foot
A 95%-leased industrial campus leaves almost no mark-to-market to harvest, so the value has to be built into the buildings rather than collected from the roll.
- Real estate debt
DeKalb refi leans on the 3M signature
At 55% leverage, the lender is underwriting 3M's credit, and the next 3M-leased DeKalb refinance will show whether the entire group prices that way.
- Real estate debt
Edgewood takes out a Fort Lauderdale condo sell-out
A $27.9 million private takeout clears Latitude's construction debt, leaving the unsold 40 percent of a 22-unit tower carrying the loan.
- Real estate debt
FedEx's footprint cut reprices $837M of industrial CMBS
FedEx's shrinking footprint turns $837 million of single-tenant warehouse debt into a public test of what re-leasing optionality is actually worth.
- Deals
Inland buys a 2023 storage site and hands it to its own manager
The rebrand from ExtraSpace to Devon keeps the management fee inside Inland; the undisclosed price would settle how much that matters.
- Fundraising
DWS liquidates RREEF Property Trust as redemptions outrun new capital
Seven properties and 1.4 million square feet go to market on a 24-month clock; the leftovers will price what a gated nontraded REIT is actually worth.
- Real estate debt
Corebridge's $293M refi shows office credit clearing only on leased income
A fully leased Meatpacking building clears fixed-rate permanent debt at roughly $1,843 a square foot, the bar the rest of the office refinancing queue has to beat.
- Deals
Decron returns to L.A. with a $699,000-a-door basis trade
Decron's first Los Angeles purchase in nearly two years is a $114 million, $699,000-a-unit basis trade on Miracle Mile, anchored by fully leased retail and a below-replacement price.
- Real estate debt
The office maturity wall is an extension trade with a limit
Nearly three-fifths of the $289.2 billion coming due by 2028 was underwritten before the demand assumptions broke; the resolution will arrive loan by loan rather than in an aggregate.
- The Wrap
Industrial's 5.5% print, and the mark it dodges
Rexford's rent-reset portfolio gives industrial its first public yield, and the $6.90 billion hard wall shows how many owners would rather extend than print.
- Sectors
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.
- Sectors
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.
- Real estate debt
Industrial's hard wall is $6.90 billion; the extension cohort is the risk
Extending $40.86 billion of industrial CMBS past 2028 trades a refinancing event for floating-rate carry on the book's thinner coverage.
- Deals
A $41M Henderson sale prices Green Valley at $250,000 a door
The financing behind the price is the more useful number: a 60 percent loan on 164 units tells every other Green Valley owner what their collateral carries.
- Deals
Bascom buys 370 North Dallas doors at a foreclosure's basis
A lender-set basis on 1980 workforce stock is the part of the Dallas apartment trade that rent growth no longer explains.
- Real estate debt
Elowen's $94.2M bridge puts ECA's Texas portfolio on renovation math
At 93% debt, ECA's Texas exit depends on 20 renovation programs.
- Deals
Midtown pays $86 million for a three-decade Doral assembly
Knighthead's 73 percent advance is a bet on the land beneath 13 buildings Midtown cannot replace, not on the rent roll.
- Deals
Bell buys job density while the apartment bid splits
More than 500 apartments on two coasts, bought while a Bell Partners Atlanta community sold 11% below its 2017 cost, puts the multifamily split on one firm's ledger.
- Deals
Borough pays $234 a buildable foot for a Fulton corner
An $83.5 million land check with no rent roll attached is the apartment trade's operator-and-location split in its purest form.
- Deals
ESJ buys a 2021 Kannapolis build at a replacement-cost discount
Pearlmark's $19.9 million loan covers two-thirds of the $29.5 million deal, which the buyer says undercut what the same building would cost to construct today.
- Who's investing
Blackstone's core-plus pitch now runs on supply, cash flow, and a Fed hike it can survive
The core-plus case now rests on supply scarcity and cash-flow compounding, and the Fed's first hike in three years is the test it was built to survive.
- Sectors
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.
- Real estate debt
Affinius financed a delivery date, not a rent forecast
The $130.4 million West Loop construction loan clears on the delivery date and the joint-venture structure, and the affordable fifth of the unit mix is the part of the debt sizing the announcement leaves open.
- Sectors
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.
- Deals
Enclave's Alabama DST asks $9.3 million for one tenant's lease
The raise is small enough to read as a channel test, and the value case rides a tier 1 supplier's credit rather than North Alabama land.
- Real estate debt
Private credit prices Kimco's retail portfolio off its anchors
The $154.1 million placement shows stabilized grocery-anchored retail clearing through private debt, with lenders underwriting the tenant roster as much as the real estate.
- Deals
Rosewood buys out its partner and skips the market test
The East Plano buyout closed with no disclosed price, leaving a land thesis to carry 200,818 square feet and no market test of whether the underwriting was aggressive or cheap.
- Deals
EQT buys Southern California scarcity and inherits a rent reset
The Rexford portfolio splits into coastal land nobody can replicate and Inland Empire scale that has to earn its rent, and the entry yield says which half is the job.
- Who's investing
CalSTRS's $5bn half is a bet on the debt layer
Three of the six itemized commitments buy debt rather than property, and the PAG mandate puts corporate balance sheets alongside buildings as collateral.
- Deals
Partners Group JV pays full price for a platform
At 98.2 percent leased, returns have to come from rent growth and a repeatable operating business, not a discount.
- Real estate debt
BridgeInvest's $114M Miami Beach refi leaves the upside with voters
A private credit fund is the stabilized takeout on an 83-percent-leased office asset whose next 47,000 square feet require a municipal election.
- Deals
NEPI exits the Baltics at 13% over book
A fund buyer's above-appraisal bid for a single Vilnius center shows where exit liquidity for the region's retail actually sits.
- Who's investing
LP appetite hits a survey high, with co-investment the tell
A nine-point rise in alternatives intent is the strongest reading in five editions, but the five-year peak in co-investment says more about where allocators actually want to go.
- Deals
A pension fund buys Sainsbury's credit and calls it logistics
West Midlands Pension Fund's Bedford box is underwritten by a lease and a tenant's machinery, not by the land.
- Fundraising
Invel and LGT take 49% of PRODEA's Greek logistics platform
A €31 million minority stake buys a portfolio whose ambition runs above €500 million in gross development value, and the gap between the two numbers is the entire trade.
- Sectors
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.