DST sales slip 10.6% as the launch shelf thins
Delaware statutory trust fundraising has cleared $6.48 billion through August, but the month's new offerings were too small to restock a channel selling $881 million a month.
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Distressed office's first buyers are sponsor balance sheets
A founder's $50 million anchor is setting the entry price in class A and B office.
Data centers are turning truck yards into a land trade
Institutional capital's share of IOS investment has climbed to 45 percent from 30 percent in four years, and the demand pulling it in is construction staging — a use that ends when the buildout does.
Healey's data center order reprices power, and the megawatts will move
Massachusetts has made grid cost and town consent conditions of entry; private capital's answer is to site the megawatts somewhere else.
Gantry places $48.3M Freddie Mac takeout on Maple Grove apartments
A full-term interest-only, non-recourse 10-year loan written on a 248-unit stabilized asset sets the price at the front of the refinancing queue.
Canyon puts $67M on Kurv Elizabeth at $240 a foot
The refinancing shows senior debt still clearing on modern industrial in dense corridors, even as resale comps in secondary markets run lower.
Avatar compresses the capital stack on two Jack in the Boxes
A $5.1 million first-lien bridge clears a matured note and folds old subordinate debt into one junior position, leaving the two-year exit as the real test.
MCB's $420M TIF unlocks $2.7B VIVA White Oak
A county's first-ever TIF district will fund public infrastructure for a 280-acre Maryland mixed-use project with more than 4,700 residential units planned.
Walton Street's $62.3M loan puts Las Colinas at $167K a key
The financing behind the 374-unit Irving trade gives Dallas-area multifamily its clearest public debt data point in weeks.
Harrison Street builds a fundraising bench for infrastructure and credit
Three Investor Solutions Group hires position the $110 billion property manager to raise capital beyond traditional real estate as it sells down assets.
HUD gives private capital a dated entry point into public housing
Section 18's expansion touches 270,000 pre-1950 units; the real edge is the 15-year LIHTC cohort now carrying a firm conversion date.
Madison Realty funds Whole Foods-anchored Southlake project
A $77 million construction loan outside Dallas leans on a grocery lease and 37 saleable lots, the least speculative form of construction credit's return.
MassHousing closes $14M Westcott permanent loan
The permanent mortgage is the smallest major line in the $69.1 million stack and the last to close.
Trammell Crow, Arlington agree on 99-year downtown ground lease
The developer's required $123 million goes into city-owned land, making lease-up the variable that decides the deal.
CBRE IM buys $1.6B net-lease platform and keeps Tenet as partner
The industrial portfolio is the current income; Tenet is the sourcing capacity CBRE IM paid to keep.
J.P. Morgan closes oversubscribed net lease fund at $1.1B
A majority of the capital came from investors new to the firm's real estate Americas platform, showing the distribution value of the Trio acquisition.
Basis closes Surprise land deal with storage construction loan
The 707-unit self-storage project at Truman Ranch ties a $20.5 million construction loan to the master plan's 600-plus apartments.
Canyon provides a $67M senior loan to refinance Kurv Elizabeth industrial
The senior loan prices a 2024-delivered, port-adjacent asset at roughly $240 per square foot in a supply-constrained New Jersey submarket.
Starwood and Trinitas bet 2,046 student beds on campus-enrollment math through 2028
A ground-up pipeline at Pittsburgh, Oklahoma and Wisconsin tests whether constrained campus supply outlasts two years of construction risk.
Matterhorn seeds Minneapolis small-bay push with two-building buy
The 57,665-square-foot, two-building off-market buy gives Matterhorn its first Minneapolis investment and a test of whether the sourcing repeats.
Harrison Street fills out a global capital-raising bench
The $110 billion manager rebuilds its fundraising bench across three regions, and the PGIM departure leaves a gap in Southern U.S. coverage.
Dwight’s $62M Culver City refi buys time, not a sale
The bridge loan on the 139-unit Lana project pays down prior debt and preferred equity, evidence that private lenders will price complicated stacks before lease-up is finished.
Crescent starts Nashville build with 2029 lease-up bet
A 313-unit rental at oneC1TY whose return hinges on lease-up speed and cost control, not this year's rents.
AEW buys Berlin hospital-campus building for French retail fund
Fully let and index-linked, the fund's first German acquisition is a wager on tenant stickiness around a medical campus rather than site speculation.
Milhaus closes Broadshore, adds an investment arm
The deal pairs an SEC-registered equity and debt shop with an owner-operator that already manages more than 50,000 apartments.
CBRE IM pays $1.6B for Cerberus net-lease lender Tenet
The platform sale prices triple-net-lease origination as a credit business rather than a real estate portfolio, and hands CBRE IM a five-year-old engine built by Cerberus.
Data center underwriting is now a county-level power game
Ten U.S. counties hold 42 percent of the nation's data centers, while 92 percent have none. National underwriting models are a dangerous shortcut.
Davis JV's Gastonia box is flexible by design
The project's single-user or multi-tenant layout hedges the lease-up risk of a 462,000-square-foot building.
Office capital prices buildings as optionality, not income
From Coconut Grove to Fort Worth, the best office trades are bets on what a site can become, not what it currently earns.
Last World Trade Center tower starts as Silverstein pivots to lending
The groundbreaking at 2 World Trade Center closes a 25-year rebuilding chapter as the family firm directs growth capital toward credit and opportunity zones.
AmTrustRE’s $65.5M boutique office bet leaves the math unproven
A facade-to-amenity reinvention at 360 Lexington is on full display, but the missing renovation budget and lease-up numbers leave the trade unproven.
MLG Capital buys tenant diversity in 29-building Indianapolis industrial portfolio
The 1.53 million-square-foot, 94%-leased deal pairs 15-foot clear heights with 158 small leases, putting MLG's return on renewals and expense control rather than a big-box conversion.
Northampton and Provident form a 54 MW Dallas data center joint venture
Long-dated infrastructure capital meets a developer's pipeline, and the framework for future sites makes the late-2027 delivery schedule the underwriting.
Acadia pays $60M to deepen SoHo Greene Street retail bet
The latest purchase runs 82 percent above the buildings' 2012 price and cements the REIT's concentration on one high-street block.
WNC closes 23rd California LIHTC fund at $66.3M
The Irvine sponsor's latest vehicle finances 650 family homes across three counties and proves its 55-year California strategy still has allocator legs.
Berkadia's $12.4M LIHTC close opens a Wallick pipeline
A 52-unit South Haven, Michigan, deal puts Berkadia into Wallick Development's pipeline for the first time.
GAIA and Raymond James buy another year at 55 Hope
A second extension pushes maturity to August 2027 and keeps GAIA out of a refinancing market it has decided not to accept.
New York Life beats the borrower’s bank on $53.5M storage loan
Full-term IO and a 15-basis-point edge give Investec a term sheet its private bank couldn’t match—and a benchmark for the next refinancing.
In $65M Greenwich deal, Healthcare Realty buys scarcity
The Greenwich Medical Center purchase prices the 106,092-square-foot Class A outpatient campus at about $613 a foot in one of Fairfield County's tightest medical markets.
Scarce supply keeps Canadian property prices flat
Green Street's CPPI rose 0.1% in the second quarter and sits 0.1% below a year ago, a flat tape explained by scarce supply.
New York Life writes $53.5M storage refi with full-term IO
A three-property California portfolio gets five years of interest-only debt and a savings claim that the maturity date will test.
Schrager hotel conversion draws $116.5M bridge
Driftwood Capital and Benefit Street Partners replace the 2024 construction facility on the 137-key Sunset Strip property.
Cantor’s $141M Raleigh refi rides one tenant
Underwriting the single-asset CMBS loan is the 100%-leased Bandwidth headquarters, a public-company tenant, and a 43-year arranger relationship.
Massachusetts puts local sign-off ahead of data center permitting
Developers must clear community benefits agreements before state agencies act, adding unquantified duration to Bay State data center schedules.
Ares fund pays $55M for Tacoma newspaper-turned-warehouse
Corebridge and Davis Property & Investment's conversion of the former Tacoma News Tribune plant clears at roughly $222 a square foot.
Blue Owl's data center REIT is a pricing event
A $6.5 billion seed would put a public number on private data center valuations.
Smaller September CMBS book, heavier refinancing test
Two inflation prints will price the month's maturing balances, while industrial data separate new issuance from stress already on the books.
The Dime's commercial pieces sell for $28.5M
A landmark hall at $145 per square foot and an office base at $216 set the terms of the operator's trade in Williamsburg.
Goldenrod Bets $400M on Fort Worth With No Tenant Signed
A beam-raising at the Van Zandt and a planned One University put 215,000 square feet of Fort Worth office on the line without a lease.
WinCo pays $18M for a Tucson land position
The price works out to about $35.65 per square foot of land, a figure that suggests the buildings were incidental.