Real Estate archive
Every Real Estate story, newest first. 1,858 stories
22 stories
- Who's investing
Morgan Stanley: CRE repricing is done, the base is forming
Morgan Stanley says the four-year repricing is finished and the next cycle has opened. The harder question for allocators is what the recovery will look like.
- Deals
RangeWater buys Atlanta's Bell Buckhead West for $54.9M
The 280-unit Atlanta community sold for about 11% below what Bell Partners paid in 2017, another sign that buyers are pricing stabilized apartments on current rents, not future growth.
- Sectors
Lincoln and ACORE launch Foundry43 in Salt Lake City's Granary District
The adaptive-reuse project adds 64,000 square feet of creative office to a former steel foundry site.
- Sectors
Medical outpatient sales jump 21% as portfolio premium widens
Cushman & Wakefield counted $6.7 billion in first-half medical outpatient sales; portfolio buyers paid a premium.
- Fundraising
Actis-backed TERRANOVA breaks ground on a liquid-cooled AI campus in Brazil
Private capital's data-center push reaches Latin America as TERRANOVA starts work in Campinas.
- Deals
Argosy adds Fort Myers site to its Sunbelt industrial portfolio
Third off-market purchase in Argosy's small-format Sun Belt rollout, with Bay Street Capital as operating partner.
- Fundraising
Inland closes a fully subscribed $28M QOZ fund
A six-project developer relationship and a named contractor carried the raise; QOZ investors are paying for execution, not just tax deferral.
- Real estate debt
A $120M bridge lets a New Orleans conversion prove itself
Bridge and preferred equity are carrying a completed hotel conversion through the gap between construction and stabilized income.
- Sectors
Ascendant completes 170-unit BTR townhomes in Houston
The Tomball, Texas, delivery is a 170-unit test of lease-up pricing in a submarket where for-sale homes run $1 million and up.
- Deals
Silverstone prices Brooklyn lease-up risk with preferred equity
The One Sunset recapitalization uses preferred equity to carry a 421-a building through lease-up, with the real repricing at the leasing finish line.
- Deals
Estate Cos. buys Phase II site for $13M before Phase I has delivered a unit
The 1.19-acre West Palm Beach parcel sits next to a still-rising 321-unit building, with Banesco financing 65% of the land.
- Real estate debt
Wells Fargo's three seats at one affordable table
On a 120-unit Pasco County project, the bank buys the tax-credit equity, holds the construction loan, and will service the Freddie Mac permanent loan.
- Sectors
Severino: Jobs are a shrinking gauge of CRE demand
BGO's chief economist says headcount no longer explains where property demand is coming from.
- Sectors
Europe's logistics boom rests on shorter leases
First-half take-up rose 20.5 percent, but occupiers' preference for flexibility makes the length of the rent roll the number to watch.
- Deals
Breakthrough's Boston exit puts a $19.3 million price on approvals
The Tishman Speyer-Bellco venture sells its entitled 232 A St. parcel to P&G Gillette for $99.3 million, monetizing the planning process rather than construction.
- Fundraising
Hines calls a buying window in half of global markets
The firm's report says half its markets are priced to buy, but the 6.5 million-unit housing gap is the call with staying power.
- Deals
GIC agrees to sell Tokyo office to Kenedix for $1.4B
The deal hands Tokyo a fresh office pricing reference at a roughly 28% gain over GIC's cost.
- Sectors
L.A. warehouses fill on tariff chaos. The vacancy rate is the tell.
Port volume is up 1.8 percent and leasing hit a five-year high, but vacancy hit a recent peak of 7 percent and rents are still falling.
- The Wrap
PRP Real Assets adds Cole Cook for multifamily push
The New York-based apartment dealmaker with nine years of multifamily investing arrives days after the firm consolidated capital formation under one executive.
- Deals
Cross Ocean, Fuller buy Fluor-anchored Houston office campus
Fluor occupies just under half the square footage at Eldridge Place, and that concentration is what makes the deal work.
- Sectors
Vanity economy takes 37.5% of leased retail space in Q2
A CBRE report gives shopping-center owners a numbers-backed case for courting beauty and wellness tenants.
- Sectors
Retail demand returns as new supply stays scarce
Stable vacancies and scarce construction make retail a cleaner underwrite for private capital.
18 stories
- Deals
T&E buys West Chelsea lot from PPHE for $33.5M
The price works out to roughly $452 per square foot of development potential on a rare unrestricted West Chelsea parcel.
- Sectors
Data-center developers chase power into frontier markets
Power constraints have pushed data-center construction into frontier markets; nearly four-fifths of capacity under construction is going to those areas.
- Deals
Lincoln, SVP wrap The Bluffs office rehab in Playa Vista
The repositioned campus opens with more than 57,000 square feet of new leases in a West L.A. market still wrestling with office distress.
- Deals
Michaels Organization to break ground on $88M Davis apartments with Japanese partners
The Lumberyard will bring 239 apartments and ground-floor retail to downtown Davis. Japanese investors are behind the $88 million project.
- Deals
A $164,230-per-unit trade sets a Chicago value-add multifamily benchmark
The first sale of this Edgewater building in nearly 50 years gives buyers a clean reference point for a gut-rehab play.
- The Wrap
ICO Development names Daysi Warren COO and CFO
A $500M private CRE firm combines planning and finance in one new hire.
- Deals
CBRE brokers $14.9M Fair Lawn apartment sale
The 43-unit Class A building traded for about $347,000 a unit, a marker for new Bergen County apartments.
- Deals
V12 Investments buys Hudson, N.H., warehouse for $3.9M
A 36,800-square-foot warehouse sale shows small private capital still clearing deals near the Massachusetts border.
- Sectors
Multifamily drives 28% jump in L.A. County investment sales
L.A. County investment sales jumped 28.5% in July, led by multifamily while office kept sliding.
- Real estate debt
Grandbridge takes first CMBS servicing deal on two Bellevue towers
The Truist subsidiary's CMBS debut is an interest-only loan on fully leased Bellevue towers, well away from today's office distress.
- Fundraising
One Orchard launches InfraMed, a healthcare infrastructure platform seeded with 25 assets
The new holding company's first platform launches with an existing 25-asset medical outpatient portfolio and Pantheon as its lead institutional backer.
- Deals
LaSalle buys 1.1 million-sf Subaru hub from Prologis-Browning JV
The fully leased build-to-suit anchors Subaru's national parts network.
- Sectors
New York's tech headcount tops San Francisco's for the first time
The headcount flip hands Manhattan a stronger office demand story, while San Francisco's deeper talent pool keeps the long-term picture open.
- Real estate debt
Principal lends $32M to refinance fully leased Queens grocery center
The refinancing shows a fully leased grocery-anchored center still clears the lender bar.
- Real estate debt
Newmark arranges $45.9M FHA refi for two Grand Junction apartments
The HUD 223(f) loans move Four Points Funding's recently delivered assets into government-insured permanent debt.
- Deals
Azora, Vizcaya flip Coconut Grove office to El-Ad for $62.3M
The Grove at 3250 Mary sells for $62.3 million, a markup that shows how far Coconut Grove scarcity goes in a beaten-down office market.
- Real estate debt
Well-leased towers hold two-fifths of sub-breakeven office CMBS
Trepp finds $12.1 billion of performing office loans that can't cover debt service. Much of it sits in buildings 80 percent occupied or better.
- Sectors
Federal law drops modular steel-frame rule, trimming build costs
The change could cut initial construction costs by more than 10 percent and give factory-built housing a stronger pitch for capital.