Office debt returns only after the trade prices
A $72.6 million Barings loan on a Needham office campus shows how lenders are re-entering office behind equity, after the trade has priced.
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Waterford breaks ground on 75-unit Milpitas affordable project
The project uses 4% low-income housing tax credits and private activity bonds, with Pacific Housing Inc. providing on-site services.
Capitol Hill SEDU sale prices 57 units at $316,000 a key
A 57-unit building of 297-square-foot efficiencies near Amazon and Google sold for roughly $316,000 a unit, a cash-flow wager on small units in a supply-constrained submarket.
Bonaventure buys Chevy Chase stake, Landmark stays partner
The non-traded REIT takes asset management at the 111-unit Crescent while the original developer keeps an ownership stake.
Revolution Medicines nears 700K-sf lease at former Google hub
A pre-launch drug bet would more than double the biotech's Redwood City footprint and reset the comp for vacant Peninsula tech campuses.
New York multifamily filings collapse as large projects vanish
A 52% drop in proposed units and a 25-to-9 collapse in 100-plus-unit filings put the 421-a exit's cost in the filing data.
Wells Fargo moves to foreclose on $1.3B Workspace portfolio
The two-year extension bought time, not oxygen; a receiver-run sale will now set the clearing price for suburban office.
Wells Fargo refinances repositioned Doral office campus
The $53.5 million loan works out to roughly $184 a foot and nearly returns the sponsors' $52.5 million net investment.
Green Point's $42M Georgetown shell is just the start of a bigger spec bet
The 754,000-square-foot building breaks ground in October, but the real exposure is the 2.6 million square feet still looking for tenants.
Data Center Brokers Must Underwrite Risk, Not Just Land
Colliers' Saavedra sees the job shifting from listings to feasibility.
Truist's $277M Jersey City loan prices waterfront multifamily
The 748-unit 201 Hudson – by Urby financing works out to $370,000 per apartment, a selective construction-lending comp for the waterfront.
For office debt, the lease is now the collateral
PRP Real Assets and Riyad Capital refinance 777 Hidden Ridge with a $250M CMBS loan that prices a lease whose tenant has already left.
For Workforce Housing, Construction Debt Still Clears
Vic Centre's $36.5 million line covers 88 percent of its $41.7 million budget, the latest sign lenders will fund projects priced to wages rather than projections.
W Properties times a garden-style bet for the 2029 supply trough
The 252-unit garden-style project beside Everbloom waits out today's North Texas apartment pipeline.
Texas audit turns ERCOT queue into a data center diligence item
The state's verification sweep turns grid documentation from an assumption into a diligence item for Texas data center projects in institutional pipelines.
Barings puts $250 million on Museum House's rent roll
The loan's $494,000 per-unit basis becomes the new comp for Seattle multifamily lenders, with 102 of the 506 units set aside as affordable.
Front Street draws up an 8.4M-SF industrial park in Lexington before the zoning exists
An 850-acre Triad site has I-85 and rail access, but Front Street is carrying the entitlement risk through a municipal process with no guaranteed timeline.
BTH breaks ground on a small-bay first phase in Port St. Lucie
The 55,200-square-foot start to Tradition Commerce Park leaves the 166,968-square-foot distribution boxes for later phases of the 530,000-square-foot plan.
CBRE's South Yorkshire JESSICA Fund crosses £100m with Sheffield and Doncaster loans
Two new commitments in Sheffield and Doncaster push the CBRE-managed fund past £100 million in development loans.
M&G's first social-rent buy is a mandate shift
The £29 million deal moves the Affordable Living Fund into the deepest affordability tier for the first time.
Doral refi shows office debt is back for the repositioned
A Wells Fargo-backed loan on Banyan Street's Doral Center suggests lenders now finance office assets only after the capex is spent and the lease-up is proven.
ART pays A$882.5m for half of Westfield Mt Gravatt
The deal would be Australia's largest single-asset retail trade of the year, and another sign that pension capital is concentrating in proven, high-sales centers.
Kinsmen files 322-home Bowery plan as development capital returns
Three mixed-income towers, including 124 affordable senior units, arrive with a lingering ground lease question still hanging over the site.
LDR's Brisbane buy is a hold, not a trade
A$255 million for a fully leased office-retail asset, acquired through a new single-asset fund, says the buyer wants the income, not a sector trade.
Affinius and Alliance sell 545-unit senior housing portfolio
Two stabilized Northern California communities trade days after Affinius lent $177.25 million on New York apartments, pointing to a shift from equity into debt.
Beyond data centers, the AI trade is a quality bet
LaSalle's global head of research and strategy argues the AI opportunity will show up inside property sectors, along quality lines, before it appears in headline rent data.
Brennan hires Field to open Phoenix industrial market
The private industrial operator is staking its Phoenix push on a local senior hire with a capital markets background.
The $92B pivot from buying to building
Development, rather than reset-value acquisitions, is the post-repricing trade—and data centers are where the scarcity bites hardest.
Hines pivots from buying to building as supply collapses
The $92B manager is betting a global construction freeze has created a scarcity advantage acquisitions can't match.
The $1.3 trillion data center debt club
Atrium's new platform exposes the syndicates behind Coreweave, DigitalBridge and the hyperscalers, and the construction-cost squeeze that comes with them.
Canary Wharf's £625M sale to affiliates is no market test
Affiliate buyers leave the £625 million an internal figure, not a clearing price for London offices.
Avison Young's recap turns lenders into owners
With a 70% debt-to-equity swap and a credit line attached, the war chest is an acquisition mandate as much as a balance-sheet repair.
A 23-year hold resets Pico-Robertson's per-unit bar at $334,937
A sale after two decades under one owner gives small-balance buyers a fresh per-unit comp in a neighborhood where inventory rarely trades.
Brixton Bets on the Sponsor-Replacement Trade
The new multifamily investment-management platform is a low-cost option on the cycle's quiet distress.
Principal lends $32M on a Queens grocery center its owner has held for 26 years
Northmarq placed the refinancing for Mattone Group on a fully leased Stop & Shop-anchored center.
Gantry swaps recourse for a floating-rate bet in $28.3M Central Valley refi
A five-year, interest-only, non-recourse life company loan replaces a bank facility and hands the borrower a rate-cycle bet on the Central Valley.
Port of LA's second-best July confirms industrial demand
Second-best July container volume is real-time evidence of warehouse demand — and a reminder that the tariff policy behind it can reverse.
Nvidia's Cloverleaf bet: power is the scarce input
The chipmaker's stake in a power-intermediation firm is a bet that electricity, not silicon, now gates the AI data center buildout.
Pyramid, Paolino buy Providence Place out of receivership for $133M
DW Partners joins the group, and the $133 million price reads as a bet that Rhode Island's largest mall can be repositioned rather than liquidated.
New rail spur gives Mark IV's Nevada district a national connection
The 4,300-acre Victory Logistics District now has direct Union Pacific service, putting 100 acres of rail-ready land on the market.
Terreno pays $8M for vacant Redmond industrial building and the land under it
The 5.9% stabilized cap on an empty building is a wager on scarce Eastside Seattle dirt.
$20.4M Lincoln Park trade clears at $208K a unit
Marcus & Millichap's sale of a 98-unit building with retail gives Lincoln Park a fresh mid-sized multifamily comp.
CIM's Tysons sale puts a $168/SF marker on office distress
Finmarc's repeat buying shows the bid for suburban office is local and vacancy-tolerant, even as CIM simplifies its balance sheet for a public path.
Invesco prices its redemption queue at 95 cents
The $12.7B ICRE fund offers fee cuts and a discounted tender to avoid a forced sale, pricing the exit before the market prices the buildings.
Los Angeles office stress moves to the suburbs
Trepp's CMBS data shows urban towers already in special servicing. In the suburbs, 46% of the book has a largest-tenant lease expiring before maturity.
JBL Asset Management pays $17.3M for Quadro retail condo in Miami
The purchase puts the Hollywood, Fla.-based buyer on the edge of the Design District as its owners land a $125M construction loan.
Northmarq closes $22.5M sale of Spokane apartments
At roughly $126,400 a door, the Spokane sale is a mid-sized multifamily deal that closed because the buyer had a local team.
Morgan Stanley: CRE repricing is done, the base is forming
Morgan Stanley says the four-year repricing is finished and the next cycle has opened. The harder question for allocators is what the recovery will look like.
RangeWater buys Atlanta's Bell Buckhead West for $54.9M
The 280-unit Atlanta community sold for about 11% below what Bell Partners paid in 2017, another sign that buyers are pricing stabilized apartments on current rents, not future growth.
Lincoln and ACORE launch Foundry43 in Salt Lake City's Granary District
The adaptive-reuse project adds 64,000 square feet of creative office to a former steel foundry site.