Real Estate archive
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- Real estate debt
Northwind Group closes $1 billion real estate credit fund, double its target
The lender set a $500 million goal in January 2025; the fund is nearly 60% deployed and typically writes $100 million to $200 million senior loans.
- The Wrap
PHP and GIC agree to form $938M UK hospital joint venture
PHP expects about £500 million ($670 million) of net proceeds to repay bridge financing from its 2025 Assura acquisition and a £266 million term loan.
30 stories
- Real estate debt
JLL places $49.75M Forbright Bank bridge loan on Thousand Oaks campus
Alta West Partners bought Lakeview Innovation Center at 50% leased in September 2024 and has since filled the property, according to Connect CRE.
- Real estate debt
Kam Sang affiliate buys $290M Downtown Los Angeles office loan at undisclosed discount
Wells Fargo Center South, a 45-story Bunker Hill tower, was about 42% leased when Newmark closed the loan sale.
- Deals
Related Ross paid $64M for North 40 office complex in Boca Raton
The 1984-vintage complex is 74 percent occupied and sits less than a mile from the 124-acre BRiC campus Related Ross bought about two months earlier.
- Real estate debt
Alta West Partners closed $49.8M Forbright Bank bridge loan on Thousand Oaks R&D campus
Leasing and capital improvements at the fully leased campus lifted net operating income more than 170 percent, JLL said.
- Fundraising
High Street Residential, Barings start 501-unit Redwood City project
The two buildings, scheduled to deliver in 2029, will hold 252 units at 1555 El Camino Real and 249 at 113 Beech St.
- Deals
Michelin North America buys 2M-square-foot Wilmington distribution site for $151M
Silver Creek Development sold the Wilmington property it bought for $126 million in 2021; Michelin already occupied the building.
- Sectors
September multifamily starts fall 25.9% year over year; permits top starts by 154,000 annualized units
Permits ran at a 503,000 annualized rate against 349,000 in starts, a gap Leaselock economist Greg Willett links to financing costs.
- Real estate debt
Blackstone's six Blackjack apartment properties enter special servicing after 15 communities sold
The 1,842 remaining units in the 6,671-unit Blackjack Portfolio transferred after 15 communities were sold, per Multifamily Dive.
- Sectors
Boston life-sciences vacancy reaches 28.1% and venture funding declines across three largest U.S. hubs
Savills reports put Bay Area vacancy at 23.8%, down 20 basis points from a year earlier.
- Real estate debt
Trepp: $3.83 billion of Denver multifamily debt sits on watchlists
The monitored balance equals 13.6% of the market's $28.24 billion, while the Denver-Aurora-Centennial MSA delinquency rate runs at 1.13%, according to Trepp.
- Deals
Pine Tree buys SITE Centers sponsor stake in $644M retail portfolio
The 10-property, 3.5 million-square-foot portfolio spans nine states and is primarily grocery-anchored; terms were not disclosed.
- Real estate debt
ACORE Capital lends $45.5M to refinance 511 Fifth Avenue
Meridian Capital Group negotiated the nonrecourse loan for a Wharton, Aurora and ACHS venture whose recent signings include GE Aerospace, WeWork and Wavestone.
- Real estate debt
Nuveen Green Capital closes $68.6M C-PACE for Fredericksburg's The Meuse
Administered through the Texas PACE Authority, the financing splits $53.2 million for a Kimpton hotel and $15.4 million for retail.
- Fundraising
Endeavor Real Estate Group closes $210M Texas-focused value-add fund
Expected leverage and co-investment could carry aggregate capitalization above $3.0 billion, subject to investment activity and market conditions.
- Fundraising
Real estate funds raise $30.7B in Q3, lowest since 2013
IREI's recap put the nine-month total at little more than half of 2025's full year, even as more investors wrote larger checks.
- Fundraising
Capital Square launches third Texas Active Living DST in New Braunfels
The all-cash Delaware statutory trust holds 72 age-restricted cottage homes that were 91.7% leased as of September 2026; no target raise is disclosed.
- Deals
Platinum Advisors and RBC Dev Company buy Chandler office campus for $30.5M
North Beacon Capital sold the 10-building campus at $253 per square foot; the buyers are pursuing an office-condo model.
- Sectors
Elmington buys 260-unit Lawrenceville apartments for $55M from FCP
American South Capital Partners supplied $18 million of equity, roughly a third of the purchase price.
- Deals
Tokyo Tatemono agrees to sell 22.5% of two Otemachi towers for ¥32.8bn
Japan Prime Realty Investment Corp. is the buyer, and the price is about 9% below a ¥36.1bn appraisal with a 3.3% NOI yield.
- Sectors
Manhattan office tenant-improvement allowances rise 7.9% to $120.80 a square foot
Free rent was 8.6% below 2025, and trophy build-out allowances reached $130.40 a square foot, Avison Young data show.
- Deals
Savills IM sells Zaragoza logistics portfolio to Atland off-market
The European Logistics Fund 2 sale covers two fully leased properties totalling about 834,200 sq ft, with the purchase price undisclosed.
- Who's investing
J.P. Morgan Asset Management forecasts 8.1% annualized U.S. core real estate returns
The 2027 long-term assumptions put European core real estate at 7.1%, up from 6.9%, leaving a one-percentage-point gap with the U.S. forecast.
- Deals
BGO and Banner Property Group acquire 160,000-square-foot Opa-locka cold storage facility
JLL advised the seller and arranged acquisition financing; the purchase price was not disclosed.
- Fundraising
Primary Health Properties and GIC agree to form $938 million joint venture for 27 UK private hospitals
PHP expects about £500 million ($670 million) of net proceeds to repay bridge financing from its 2025 Assura acquisition and a £266 million ($356 million) term loan.
- Deals
PATRIZIA acquires 24 Lidl stores in France, Italy and Spain
The roughly 538,000-square-foot portfolio is fully leased to Lidl on consumer-price-linked leases.
- The Wrap
EQT signs deal to buy Stockbridge manager for reported $375M
The acquisition adds $16.5 billion in fee-generating assets; Two Sigma's real estate unit pauses new investments, The Real Deal reports.
- Sectors
New York comptroller's AI scenarios put 25% odds on an investment bust
Savills data show AI tenants signed 8.2 percent of Manhattan's new office leasing in the first half of 2026, up from 0.7 percent in all of 2020.
- Deals
Commercial Observer column forecasts more than 30% rise in NYC development site sales
A Chelsea site being marketed by the author's team drew more than 80 offers, with pricing about 15% above the high end of original expectations.
- Real estate debt
SitusAMC's Umsted ties first-time CRE CLO issuance to a 70-75% multifamily share
The securitization head told Commercial Observer that lenders holding warehouse lines and originated multifamily pools are finding CLO execution attractive.
- Sectors
Institutions are 26% of retail investment volume, JLL's Snedden says
Grocery-anchored and power centers now trade within about 50 basis points of each other, he told IREI.
8 stories
- Sectors
Amazon leases 90,970-sf Everett warehouse for Leo satellite unit
The building at 6611 Associated Blvd. had not been physically occupied since at least 2022, and Colliers began marketing it for lease in March 2024.
- Real estate debt
CRED iQ estimates a $6.8 billion equity gap in maturing multifamily debt
Loans written in 2021 and 2022 at a median 3.35% coupon account for the largest share of the shortfalls.
- Deals
Irvine sells One North Wacker to Ortega's Ponte Gadea for $550M
The buyer assumes a $353 million CMBS loan Irvine took out in 2021, and the price is about $11 million above Irvine's combined 2011 and 2015 purchase price.
- Real estate debt
SL Green and Mori Trust refinance 245 Park Ave. with $2B loan at 6.52%
The five-year single-asset CMBS loan replaces $1.768 billion of mortgage and mezzanine debt on the 1.8 million-square-foot tower.
- Real estate debt
Blackstone's $1.3 billion CMBS multifamily loan lands in special servicing
The loan matured earlier this month with $517.7 million outstanding on six remaining properties, according to Morningstar Credit.
- Real estate debt
Trepp: two borrowers account for 89% of delinquent SASB multifamily debt
Removing the two borrowers' $1.00 billion would leave a 0.45% delinquency rate on the $28.44 billion SASB multifamily balance, Trepp calculates.
- Sectors
San Jose median asking rent hits $3,565 as national median falls
San Francisco climbed 4.8% to $3,057, $48 below its summer 2022 peak; Connect CRE, citing Realtor.com data, attributed Bay Area gains to AI hiring.
- Sectors
EverWind plans C$8 billion Point Tupper data-center campus in Nova Scotia
The first 95 megawatts are targeted for late 2027, with a 325-megawatt expansion in 2028; Reuters reports Anthropic is the tenant for the initial phase.