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22 stories
- Fundraising
Two Sigma's real estate unit pauses new investments and halts fundraising
Rich Gomel, who joined five years ago to lead the unit, is leaving the firm, according to The Real Deal's account of Bloomberg's reporting.
- Real estate debt
S3 Capital lends $52.5M for 28-unit Upper East Side condo tower
Grand Cru Real Estate and Visabe plan a 20-story building at 1527 York Avenue, with construction slated to begin in early 2027.
- Deals
Baron Properties buys seven-property Phoenix and Las Vegas warehouse portfolio
The 426,000-square-foot portfolio is fully leased to 11 regional and national occupiers, according to Connect CRE.
- Real estate debt
ICBC's U.S. arm lends $24.4M to refinance NoMad office tower
The 16-story, 71,871-square-foot building was bought by LMR Assets for $31.3 million in June 2024.
- Sectors
Boston office vacancy forecast to fall 10 bps to 19.1%, Marcus & Millichap says
The brokerage attributes the drop mainly to Suffolk County, where 1.3 million square feet of first-half absorption cut vacancy to 20.4%.
- Deals
Brixton sells 664,100-square-foot Dow Texas Innovation Center to ExchangeRight REIT
Brixton took operating partnership units in ExchangeRight rather than cash, deferring taxes on a campus leased entirely to Dow Chemical.
- Real estate debt
September CMBS delinquency rises to 8.02%, led by office and hotel loans
In August, private-label multifamily securities had a 7.69% delinquency rate against Freddie Mac's 0.8%, Trepp data show.
- Sectors
Southern California warehouse users outbid investors to own space
Occupiers competed actively with institutions early this year and paid a premium to buy rather than lease, according to Smith Industrial Partners data cited by Commercial Observer.
- Real estate debt
STRE Management and Lloyd Jones refinance The Vibe with $50.8M CMBS loan
JLL's debt advisory team placed the five-year fixed-rate loan on the 194-unit Little Havana property, which was 96.4% leased.
- Deals
EQT signs deal to acquire Stockbridge, adding $16.5B in fee-generating assets
The transaction covers 100% of Stockbridge's management company and GP entities; earlier reporting put the price at $375 million.
- Real estate debt
CBRE arranged a $17.1 million City National refinancing for Crawford's Peachtree Corners HQ
The five-story building is fully leased to Crawford & Company, which has based its global headquarters there since 2017.
- Deals
Phillips Edison pays $69.1M for Publix-anchored Oviedo center
The 168,532-square-foot Seminole County center is 96% occupied; JLL represented a seller joint venture that includes MCB Real Estate.
- Sectors
Dermody to start 1.2M SF of Phoenix industrial as first phase leases up
Buildings 3 and 4 at LogistiCenter at Copperwing are designed to combine into a single 1,319,962-square-foot building, with delivery estimated for the third quarter of 2027.
- Fundraising
OCC and FDIC proposal would curb mid-size bank Housing Credit investment
Banks supply 75% to 80% of Housing Credit equity, and at least 71% is motivated partly by CRA, Commercial Observer reported.
- Sectors
Seoul class A face rents rise 4.9% as CBD vacancy climbs to 7.0%
Newmark's Q3 report credits tenant relocations; two of the three named tenants are public bodies.
- Real estate debt
Akara and Deven Group close construction financing for 305-bed SDSU housing
The eight-story College Avenue project targets delivery for the 2028–29 academic year; the announcement gives no lender, loan amount or debt-equity split.
- Sectors
New Mountain net lease arm targets mission-critical manufacturing
Kaplan said about half the industries the unit focuses on depend on real estate-centric operations, citing consumer packaged goods, food and beverage, and pharmaceuticals.
- Real estate debt
DayOne upsizes Malaysia term financing to $7.2 billion as billings pass 1 GW
A seven-lender consortium arranged the senior secured multicurrency facility, which DayOne says builds on the roughly $3.5 billion syndication secured in May 2025.
- Deals
TMG Partners and KKR-managed accounts buy San Jose's Skyport Plaza for $75.5 million
The county lease is projected to start in the first quarter of 2029 and run through 2059, after TMG renovates the vacant former Qualcomm towers.
- Sectors
KG Growth Partners explores AI data center conversion at shuttered San Francisco mall
The Maryland-based firm is weighing the former Bloomingdale's space; no formal development application has been submitted.
- The Wrap
Boston Properties closes 10.6% stake sale in 343 Madison to AVRS Partners
The 46-story Midtown tower is 56% pre-leased and carries $1.2 billion in construction financing, Commercial Observer reported.
- The Wrap
BXP sells 10.6% of 343 Madison tower to AVRS Partners
The 46-story Midtown project is 56% pre-leased and has $1.2 billion in construction financing, Commercial Observer reported.
1 story
- Sectors
Moinian set to add 1.9 million square feet of Hudson Yards office
Commercial Observer's summary of its sit-down with him names no start date, address or anchor tenant; Manhattan is described as desperate for new stock.
17 stories
- Real estate debt
Merchants Capital secures $30.7M Freddie Mac forward loan for Indianapolis LIHTC project
The 227-unit Central at Old Southside, developed by The Annex Group, is scheduled to start construction in 2026 and finish in 2028.
- Real estate debt
PCCP lends $41M to refinance Foulger-Pratt's San Diego apartments
The senior loan replaces construction debt on Tenney North Park, a 125-unit building completed in 2025.
- Deals
TMG, KKR accounts buy San Jose's Skyport Plaza for $75.5M; TMG signs county lease
The County of Santa Clara's 30-year lease covers 393,000 square feet and is expected to begin in the first quarter of 2029 after renovations.
- Real estate debt
Pearlmark lends Empira $81M for Coral Gables apartment tower
CBRE arranged the $81 million construction loan for the 160-unit Aurelian. Empira's earlier Miami apartment loan was $111.3 million in Brickell.
- Deals
Sitex Group buys 343,000-sf South Brunswick warehouse leased to parcel tenant
Connect CRE reports the seller and sale price were not disclosed for the roughly 40-acre site about two miles from New Jersey Turnpike Exit 8A.
- Sectors
NYC multifamily dollar volume falls 23.3% in Q3 as large deals halve
Nine-month sales still rose 7.9% to $6.99 billion across 1,044 transactions, and buildings with at least 75% free-market units took 63.1% of third-quarter dollar volume.
- Deals
Keelbase Capital buys 80-unit Bellevue apartments with family-office equity
The Seattle firm says the prior capital structure was set in a different rate environment; no price was disclosed.
- Deals
TruAmerica buys 446-unit Dunwoody apartments from Clark Ventures
The Oct. 15 preemptive purchase brings TruAmerica to 3,374 units in Atlanta, according to Multifamily Dive.
- Real estate debt
FHA opens insured financing to build-to-rent projects
BTR projects must sit on a single uninterrupted site and run as one property to qualify for new construction and acquisition or refinancing programs.
- Sectors
L.A. industrial vacancy falls to 5% on fourth straight quarter of absorption
Tenants absorbed 1.9 million square feet in the third quarter, but asking rents stayed at $1.19 per square foot per month and buildings under 50,000 square feet kept shedding space.
- Sectors
ULI and Heitman report says power access is reshaping real estate investment
The study says markets with abundant energy, transmission capacity, fiber and fast power delivery could gain an advantage, and it flags powered land, battery storage and workforce housing.
- Real estate debt
Trepp: 2021-22 multifamily CRE CLO loans hold 12% of top-state balance, 80% of delinquent balance
The cohort's median net cash flow DSCR fell to 0.64x in the most recent reporting period from 1.60x at securitization, Trepp reports.
- Deals
EQT to acquire Stockbridge Capital for up to $550 million
The deal includes $375 million in cash up front, with $175 million contingent over several years and a management equity rollover into EQT shares.
- Deals
Hamilton, Clarion acquire Bridgestone plant for 1.5M-sf La Vergne industrial park
The 135-acre site at 1201 Bridgestone Parkway will hold 10 buildings, and demolition begins immediately, per Connect CRE.
- Real estate debt
Ares Real Estate refinances 599-unit apartment pair with $107.5M SMBC loan
CBRE arranged the debt across Axis 110 in Richardson, Texas and Skye 750 in King of Prussia, Pennsylvania; terms were not disclosed.
- Real estate debt
Noah Properties gets $62.5 million Walker & Dunlop pre-TCO loan in Buffalo Grove
The loan retires construction debt before the 223-unit building receives its temporary certificate of occupancy, with an interest reserve carrying it through lease-up.
- Deals
Platinum Advisors venture buys Chandler Center Commons for $30.5M
The 120,516-square-foot, 10-building campus was 94.4% leased to 19 office and medical office tenants at the time of sale.