Midtown tower leases show renovation capital wins tenants
A $100 million renovation at 1411 Broadway yields more than 182,000 square feet of leases and a path to 90 percent occupancy.
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All Private Real Estate Daily reporting, newest first.
Tax-credit equity anchors a $46M factory conversion
The Tupper Lake project shows LIHTC equity is now the load-bearing capital for workforce housing as private underwriting resets.
Colliers sells Eagan Medical Center after a 21-month value-add flip
Tareen Development Partners bought the dated plaza in December 2024, rebranded it, signed healthcare tenants and exited in under two years; buyer and price were not disclosed.
Ridge Capital Sells Ukiah Apartment Portfolio for $23.5M
The buyer went unnamed on a 121-unit deal that prices at $194,000 per unit.
A 21-year tenant anchors a $9.96M Baltimore industrial sale
An institutionally backed fund pays $9.96 million for a specialized Baltimore manufacturing building and its 21-year tenant.
1031 history pays off in Effingham industrial sale
A broker's years-old 1031 exchange becomes the marketing channel in an off-market Effingham sale.
Tishman Speyer's $340M Anaheim bet rides on amenity spend
TS Plus pays $904,000 a key for a 95%-leased, 2020-vintage Anaheim asset, then budgets more amenity work — the renovation-upside thesis priced at the top of the market.
Waterford starts 75-unit Milpitas affordable build
The 4 percent tax-credit-and-bond stack is what makes workforce housing pencil in Santa Clara County.
Albertsons-backed Safeway sells at asking for $7.7M
Colliers closes the Federal Way grocery deal to a California buyer, with a 2037 Albertsons lease setting the price.
Vintage Paterson Apartment Sells on Occupancy and Renovation Upside
EOM Equity's 100-unit Valley View buy from a Value Companies affiliate tests whether renovation math can work on 1965-vintage product.
Canyon and J.P. Morgan back Riverside BTR with $74.7M
The senior construction loan prices 180 build-to-rent townhomes at roughly $415,000 per key, and the lenders get paid first only if Riverside lease-up meets the underwriting.
Trammell Crow bets Grapevine Mills traffic can fill 750 hotel rooms
The 28.7-acre Grapevine Village plan stacks three hotels and 248 apartments, and the version moving forward is a revised answer to an earlier council vote.
Blue Light bets $62.5M on tenant pipeline
The 32%-leased Bedford manufacturing campus gets debt priced for its tenant pipeline, not its current rent roll.
Wichita's record apartment sale leaves a narrow test
A 301-unit 2023-built community set a market record, but older workforce apartments will show whether institutional capital really arrived.
New York rents lead the nation—underwrite the slowdown
Manhattan's average asking rent hit $5,651 and stabilized occupancy held at 98.2% in June; Yardi Matrix's 3.1% year-end forecast, not the 5.6% landlords are printing now, is the number allocators should underwrite.
Gantry rolls $20.7M of maturing multifamily debt into five-year IO
A private owner locks fixed-rate, non-recourse, interest-only money on two apartment assets — and leaves the principal for 2031's lender.
Chobani's $1.2B Pennsylvania plant buys a milk shed
The yogurt maker is taking over a 1.5M-sf facility and locking up supply from more than 4,000 farms.
C-PACE stands alone in $172.5 million Shoma Bay stack
A $172.5 million C-PACE construction loan leaves Shoma Bay with no bank debt underneath, making the assessment the sole underwriter of a 333-unit condo job.
CMBS rate dips, but the underlying stack worsens
Office at 12% and a 49-basis-point lodging jump tell the real August story.
Related Ross buys Wellington land for village center
The developer's first ground-up project outside West Palm Beach arrives with a $29.1 million Starwood loan and a school parcel sale expected in October.
General Atlantic lease de-risks 625 Madison tower
The 150,000-SF pre-lease at Related's Plaza District tower shifts the underwriting from spec to credit-tenant, leaving the rest of the office market to wait for a price reset.
Chobani's $1.2B Lehigh Valley bet buys a milk shed
The yogurt maker's campus deal is mostly a dairy supply chain purchase, with KDP's equity sell-back as the tell.
Billionaire-backed $50M push takes data center fight to statehouses
Build American AI is putting $50 million behind a fight in Kansas, Ohio and Wisconsin, where data center siting has become a statehouse issue.
BLDG Management's Crate & Barrel HQ sale is a quiet clearing trade
A trophy-oriented seller takes a workaday valuation, and the office market gets a small signal it is ready to clear.
Beale-funded substation turns Tulsa County campus into a power play
The grid connection is where private capital is pricing this data center deal.
MSREI buys 300-unit Florida seniors housing portfolio
The deal keeps AgeWell on as operator, splitting the real estate bet from the care-delivery business.
Scion and Ares buy a second student housing exit in three months
The $435 million purchase of four communities is the joint venture's second founder exit since May.
Lone Star buys Silicon Valley R&D portfolio for Fund VII
A 2.2 msf bet on the power and land behind the AI supply chain.
KKR refi floats Jamestown's mixed-use plan on stabilized retail
A $72 million floating-rate loan on two Sandy Springs centers buys Jamestown time for its mixed-use plan and leaves KKR the upside.
Avila’s $305M repeat loan targets 3,000 California lots
The second facility for the same master-planned community developer shows that land finance is a relationship business priced on the entitlement calendar.
Tishman's $340M Franklin refi prices leased trophy
A $340 million single-asset CMBS loan against The Franklin prices the property as a leased trophy — and sets its next test on the floating curve.
Slate's Upland Park roll turns construction risk into lease-up
The $245 million permanent loan on Terra's first phase is a same-lender bet on lease-up; the second phase, expected later this year, will show whether that patience extends to new construction.
Life sciences rebalancing starts with the construction pipeline
Vacancy is still climbing and rents are still falling, but the supply side is finally bending — the first turn in a rebalancing that will reach rents last.
Debt case strengthens as equity's leverage fades
Twenty years of Cambridge data show opportunistic equity's outsize returns relied on cheap leverage, while CRE debt produced a steadier 9–10% across interest-rate environments — a spread that matters as $3 trillion of loans come due.
Gatsby Florida lands $118.6M loan for Palm Beach Gardens tower
The three-year term leaves the 2028 delivery on a short lease-up clock, with maturity landing in 2029.
Keppel DC REIT acquires Tokyo hyperscale pair at discount
The $1.22 billion purchase pairs immediate DPU accretion with a 10 percent retained operator stake as capital chases freehold land and power in Greater Tokyo.
Multifamily takes over the CMBS modification book
Forbearance and combination modifications account for more than a third of modified balance as lenders trade something for cleaner credit.
APG's $400 million MaxCap mandate is patient capital
The discretionary mandate extends a seven-year partnership and puts first-mortgage capital at the front of the refinancing wall.
SASB's dominance redefines the CMBS rebound
Trepp sees 2026 issuance near $140 billion, but the single-asset mix cuts against a broad credit recovery.
ROAD Act’s financing runway runs through incentives, not appropriations
The new housing law adds no direct federal money, so its capital impact hinges on whether incentives and regulatory reforms can move private development capital.
Public Storage buys 14 self-storage properties in Washington and Oregon for $151M
The purchase lands as Blackstone exits self-storage, splitting the sector into consolidators and capital reallocators.
Houston's office split: new towers price, old stock waits
CoStar's reporting describes a clearing-price standoff: tenants concentrate in new downtown towers while older stock waits.
CRE tops preference survey as buyers and sellers converge
SitusAMC's quarterly report puts real estate back at No. 1, with buy and sell preferences converging for the first time in years — though capital discipline points to a narrow, selective recovery.
The factory side of the AI real estate trade
Hines says a new class of industrial tenants, the supply chain for the data center buildout, now accounts for 10% to 30% of recent leasing in its U.S. industrial portfolio.
Opportunity Zone deferral cliff brings $29 billion tax tab
The original OZ cohort faces a year-end deadline that will force appraisal fights, capital calls, and hold-sell decisions the program never priced in.
Evergreen breaks ground on 360 affordable senior-living units
Three Ohio groundbreakings turn a care-license model into a scale bet.
Lab landlords trade rent now for a shot at 2027
Free rent is financing the lab market's recovery, and only landlords with the balance sheets to wait will be left standing.
IRG pays $21M for a 422,727-sf St. Paul distribution facility
Former Sportsman's Guide HQ trades as a working cross-dock at roughly $50 a square foot.
Slate doubles down on Terra with $245M permanent loan
The New York lender that took construction risk is now underwriting lease-up on a county ground lease, a patient-capital answer to the refinancing wall.
Redlands apartment trade prices renovation over rent roll
The $12.3 million Kimberly Apartments sale leaves the buyer 213 basis points of pro forma upside to collect.