Union Investment folds the property lifecycle into one department
Karim Esch's new unit carries the asset from acquisition to disposition.
Story archive
All Private Real Estate Daily reporting, newest first.
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.
Listed REITs have turned the corner while private real estate still lags
Principal's $107 billion real estate chief says the public market has moved into expansion, and private appraisals are 12 to 18 months behind.
Anchor capital now costs a slice of the carry
With fundraising flat through the first half, the institutions still writing big checks are demanding a share of the sponsor's own economics, not just fee relief.
World Cup numbers flatter a steady hotel recovery
New York's ADR jumped 24% on the World Cup final and Detroit led occupancy, while 22 of 25 top markets posted higher RevPAR—a recovery broad enough to reward patience.
Awadis pays $5.9M for 22 renovated El Cajon units
The Southwinds sale gives lenders and appraisers a fresh per-door benchmark for renovated small-bay multifamily.
Morgenroth leaves Gothaer for Austria's largest real estate firm
The high-profile move from insurer to operator points to where European real estate talent is being built.
Swiss Life raises €265m for second logistics fund
A second fund turns a logistics strategy into a business, and the €265m puts a price on the manager's conviction.
Principle Capital takes a 48% stake in Dawnay Day arm
The purchase separates the management franchise from a troubled German real estate group.
Asia Investment Partners launches third Japan care fund
The Tokyo-Denver manager is raising institutional capital for a ¥75 billion nursing-home vehicle over the next three years.
Texas's Power Pause Puts a Price on Grid Access
A 474-gigawatt queue and a new state audit turn data-center land from a power-access play into a power-allocation bet.
Massachusetts doubles down on conversion tax credits
A second round of state tax credits puts 856 more rental homes into the adaptive-reuse pipeline.
AEW's dislocation fund exposes the new patience
At 55% deployed after a two-year fundraise, AEW's North American fund has learned the crash is still being financed.
Fannie's North Park refi keeps agencies in the take-out lane
Greystone places $46.79 million on a 190-unit mixed-income asset two years after delivery; ten affordable units were enough to bring Fannie Mae to the table.
NorthPoint lays groundwork for 4.7M-SF Sacramento industrial park
Colliers takes the leasing mandate on nearly 4M SF, testing whether Sacramento logistics demand holds into 2028.
City Realty's $23M Brookline bet rides on renovations
The nine-building Coolidge Corner Collection is 95 percent occupied with 88 percent of units still needing work, and the rent-control ballot fight didn't scare off the bid.
Edina office refi prices certainty at 5.89% IO
A five-year, interest-only loan on a fully leased, renovated property shows where suburban office debt is still being written.
Laramar closes on 656-unit South Loop tower
The undisclosed price on a 1967 Michigan Avenue tower points to a rent-roll bet as the South Loop adds a stadium and transit.
Tourmaline buys Lacey retail at a lease-up price
A six-decade seller exits after Trader Joe's signs; the $44.1 million price assumes the buyer fills the remaining 19%.
Norfolk Tower Trades at $111 a Foot
Kawa Capital Management buys 90%-occupied 150 West Main for $26M, giving Norfolk owners a fresh mark for their collateral.
Law firms' record leasing points to a narrow office recovery
The legal sector's 12.2 million square feet in first-half 2026 is the demand side of the clearing trade, landing in trophy markets rather than the broad stack.
Aggregate pays $58M for a 94%-leased Virginia portfolio
Fairfax's Aggregate Real Estate Investors takes an 11-building, 320,000-square-foot book from Clarke-Hook and bets on upgrades, not redevelopment.
Dwight refis a stabilized Newark tower with $70M nonrecourse loan
The interest-only refi on a once-vacant 1969 tower shows private debt pricing stabilized multifamily on current cash flow, the patient-capital approach the refinancing wall demands.
Cortland's $208M West Palm sale puts the reset at $246K a door
Fairfield Residential buys 812 Portofino Place apartments roughly 9% below the 2021 trade, giving the next Florida seller a comp to argue against.
Cortland's $208M West Palm sale puts a number on the reset
Cortland takes a roughly $20 million loss on a West Palm Beach garden complex; Fairfield's assumed Freddie Mac debt sets the terms for the next trade.
Sub-1.0 DSCR office loans face a $10.7B hard-maturity wall
Trepp finds 88% of sub-breakeven performing office debt is contractually due by 2029, with 2028 the peak year.
Westbridge files three 99-unit Bronx towers to capture 485-x
Identical commercial footprints across all three applications point to 485-x as the design brief.
Income visibility clears the refinancing wall
Lenders are funding proven cash flow as apartment prices slide for a ninth month.
BGO's Fort Worth buy is a rent-roll value-add trade
The off-market purchase of a six-year-old Class-A building puts the value-add upside in the rent roll.
Office clears, apartments slide in July RCA pricing
The July RCA CPPI shows a 9.9% CBD office gain against a ninth straight monthly drop in apartment prices, a split between assets that have cleared and those still waiting.
ZS Capital pays $42M for Fort Collins flex campus
The $42 million sale prices 226,000 square feet of small-bay industrial and R&D space at roughly $186 a square foot.
Data center construction pipeline points capital to power and land
The market's $73 billion build-out will reward sponsors who secure substations, not steel.
GBMC tests condo playbook on flex space
The New Braunfels builder plans a 45-bay commercial condo project that will test small businesses' appetite for ownership.
Knighthead refis Glenview apartments with $32M loan
The debt pays off preferred equity and rolls up a construction facility, a clean sign the refinancing wall is clearing.
Invesco buys fully leased Spartanburg logistics park for $99.5M
Brennan and Grandview sold after the final suite leased, leaving Invesco a fully stabilized park and five-plus years of income.
Levey Group assembles Beltway 8 site for 445,750-SF campus
The 30-acre industrial park would push the developer's Houston footprint to nearly 200 acres and 2 million square feet.
A 99-year covenant is the price of public land
The Naranja Lakes CRA's land writedown plus $7 million loan buys a century of income-restricted housing.
CP Capital buys an Athens asset with no class A rival
The 200-unit Ascent Athens gives CP Capital a scarcity play in a stable college town, with the University of Georgia as the demand anchor and no like-kind competition.
Meridian and Harrison Street start a secure-facility platform in Chantilly
A five-building Westfields portfolio is priced on defense demand at $155 a foot.
Canyon and J.P. Morgan lend $74.7M on Riverside BTR
The senior construction loan prices 180 build-to-rent townhomes at about $415,000 a key.
APAC living crosses from alternative to core
Cushman & Wakefield's inaugural survey finds 85% of investors planning to raise living exposure, with $33.2b in estimated five-year deployment.
Brennan recapitalizes the same Moorestown buildings a third time
A 94%-leased class B portfolio shows how a sponsor turns asset management into a repeatable liquidity event.
Asia Pacific student housing triples as Malaysia courts capital
Cross-border investors drove two-thirds of last year's volume, and JLL says the next scale market is Malaysia.
Core Spaces' early, under-budget deliveries point to a build-to-hold strategy
Six student housing projects finished ahead of schedule and a $300 million REIT purchase show the developer means to own what it builds.
Amazon's Shreveport campus makes water the underwriting constraint
A $400 million water system attached to a data-center site shows hyperscalers are pricing municipal water risk as their own.