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.
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All Private Real Estate Daily reporting, newest first.
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.
Hackman exits Rivian NNN building at $480 a foot
The 78% gain on 401 Coral Circle over eight years is the payout for a repositioned shell and a triple-net lease in the South Bay.
CrossHarbor funds CedarSt’s by-right North Park build with $80M
The three-year, floating-rate loan prices the San Diego project at roughly $406,000 a key and underwrites a ministerial permit as much as the building.
Torrance trade prices vintage multifamily at $350K a unit
The 60-unit Tournament Patio Apartments sale hands the South Bay a clean data point for 1963 garden product.
VanTrust breaks ground on Rancho Cordova shallow-bay industrial park
Three shallow-bay buildings target the 15,000-to-50,000-square-foot tenants that big-box and data-center capital tends to skip.
JPI plans 397 apartments near TSMC in Phoenix, but won't start until next spring
The fourth phase at City North would deepen a 2,500-unit residential core while JPI waits to read Mill Creek's third-phase lease-up.
Manga pays $50M for a second NYC hotel from Lam Generation
The per-key price falls from $350,000 to about $316,000 as the Canadian operator buys again from the same family seller.
Dwight Mortgage Trust writes a $70m loan on a renovated Newark tower
The non-recourse, interest-only loan on Cosmo 440 shows lenders pricing stabilized cash flow on renovated multifamily as the maturity wall is financed rather than foreclosed.
Eastern Washington apartment sales stabilize as buyers price operations
Kidder Mathews reports 19 apartment sales worth $76 million in Q2, with cap rates compressing to 6.2%.
Private credit replaces construction loan at Glenview's Cerca
Knighthead's $32 million loan pays off preferred equity and rolls up construction debt, a sign the multifamily maturity wall is being financed rather than foreclosed.
Queen City buys Maine industrial with $6.9M JLL-arranged loan
A 93%-leased shallow-bay building in Brunswick secures five-year fixed-rate financing through Bangor Savings Bank, a sign that lenders are still underwriting cash-flowing secondary-market industrial.
Philadelphia's largest apartment complex tests the workforce repricing
The 1,068-unit International City listing will show whether KKR's record Presidential City price extends to workforce housing.
A $50M Philadelphia refi that prices the vacancy
Citadel Credit Union's refinancing of 2000 Market Street pre-funds leasing on a tower bought at a 64 percent discount.
Trader Joe's credit turns a $29M Fredericksburg land sale into collateral
A three-way developer split gives one of Fredericksburg's last large infill tracts a financeable mixed-use structure.
WinnCompanies closes financing on 290-unit affordable rehab
The Chicopee deal renews expiring affordability protections and prices the construction risk at roughly $143,000 a door.
T&E's Hudson Yards condo bet targets the abandoned middle
The $33.5 million land deal bets that $2,000-to-$2,700-per-foot buyers will absorb new Manhattan supply while builders chase trophy pricing
Denver's Vault hits market without a price
A 107,000-square-foot former WeWork with a $40 million cost basis is up for sale with no asking price, testing how far Denver's clearing trade still has to run.
Hall Group buys Uptown Dallas office near Bank of America Tower
The eight-story, 2003-vintage building becomes a value-add bet on rental growth near the tallest tower in Uptown.
Cirrus funds a spec Palm Beach Gardens tower and a three-year lease-up clock
The $118.6 million construction loan leaves Gatsby Florida a year or less between completion and maturity on an unleased 200,000-square-foot office.
Republic's direct lease at 1411 Broadway shows repositioning pays
A former subtenant's 15-year direct lease, part of a 182,044-square-foot run at the $100 million-repositioned tower, adds a data point to the narrow office recovery.
KKR and IMM back SK Telecom's data center spin-off
A $2.2 billion check from KKR and a South Korean consortium is a bet that power and land, not compute, are the scarce assets in the AI buildout.
Peachtree's $62.5M refi bets on Graduate Nashville's recovery
A three-year loan with two one-year options gives AJ Capital runway and lets Peachtree reprice a recovering asset.
Doral small-bay trade prices scarcity at $296 a foot
Midtown Capital Partners pays $86M for 14 Doral warehouses as small-bay vacancy runs at 4% — half the big-box rate.
Mansfield Groundbreaking Tests the Office Clearing Trade
A $57.5 million suburban office start in Dallas-Fort Worth shows where private capital still sees an underwriting case in office.
Legal leasing's record quarter is a narrow office signal
The legal sector's 7.3 million square feet is a trophy-market data point; the same buildings are winning tenants and buyers while the rest of the stack waits.
The maturity wall just turned into a rates problem
A hard-maturity cohort twice July's size, with more than half its balance below an 8% debt yield, will test whether tight spreads and $76.2 billion in issuance survive the Fed's silence.
Kennedy Wilson, Shimizu partner on $139M Atlanta rental play
A former UPS site in Sandy Springs becomes 382 apartments, a two-year bet on Atlanta rents.
Retail plaza's apartment conversion hinges on rezoning math
An $18.85 million retail buy becomes a 736-unit density play if Deerfield Beach approves the rezoning.
Drew Capital arranges $70M nonrecourse refi for Newark tower
The interest-only loan on a gut-renovated 1969 tower shows private lenders pricing stabilized cash flow as the refinancing wall gets financed rather than foreclosed.
MSREI's 300-unit Florida seniors housing bet keeps AgeWell in place
The acquisition leans on demographic demand while leaving operating risk with AgeWell — a measured entry into a sector that runs on care delivery.
Cohen & Steers, Trademark buy Austin center at the interchange
The 92.5%-occupied Oak Hill Plaza is a bet that the finished interchange at its front door converts a decade of lost visibility into affluent traffic.
NexPoint's Marina II DST puts $49 million on two marinas
The two-property offering is a narrow test of whether marinas belong in the DST pipeline.
Kennedy Wilson, Shimizu test office-to-apartment trade in Atlanta
Their first partnership turns a former UPS office site in Sandy Springs into 382 apartments, a $139 million bet on office conversion demand and Kennedy Wilson's Georgia multifamily debut.
Korea Post taps IGIS, Capstone for $360m senior loan fund
The state postal agency's eight-year vehicle puts at least half its capital into senior secured office and logistics loans.
Union Investment folds the property lifecycle into one department
Karim Esch's new unit carries the asset from acquisition to disposition.
Hoi Hup pays $201.8m for Sydney hotel in first Australian deal
Hoi Hup's first Australian deal is a trophy trade: no disclosed yield, a tightly held market, and a price that will anchor the next sale.
Blackstone pares Knowledge Realty stake in $1.26B offer
The offer for sale gives Blackstone an asymmetric exit and tests how much secondary supply India's listed REIT market will absorb.
Tyko’s $322M marina loan backs Integra’s repeat bet
A second nine-figure loan between the same lender and sponsor in two years points to where private debt sees the cleanest risk in South Florida waterfront development.
Commonwealth loses six teams and four advisors in one day
The same-day exits to a new RIA and Cetera reveal a platform squeeze between breakaway equity and scaled independence.
Office CMBS distress hits record 8.89% as hard-maturity wall looms
Trepp's $65 billion maturity count includes $37 billion in hard maturities, and 39 percent of this year's hard maturities land in the fourth quarter.
Power, not land, decides data-center winners
A new state audit has turned grid access into the binding constraint for a $73 billion construction pipeline.