Medical outpatient sales jump 21% as portfolio premium widens
Cushman & Wakefield counted $6.7 billion in first-half medical outpatient sales; portfolio buyers paid a premium.
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Actis-backed TERRANOVA breaks ground on a liquid-cooled AI campus in Brazil
Private capital's data-center push reaches Latin America as TERRANOVA starts work in Campinas.
Argosy adds Fort Myers site to its Sunbelt industrial portfolio
Third off-market purchase in Argosy's small-format Sun Belt rollout, with Bay Street Capital as operating partner.
Inland closes a fully subscribed $28M QOZ fund
A six-project developer relationship and a named contractor carried the raise; QOZ investors are paying for execution, not just tax deferral.
A $120M bridge lets a New Orleans conversion prove itself
Bridge and preferred equity are carrying a completed hotel conversion through the gap between construction and stabilized income.
Ascendant completes 170-unit BTR townhomes in Houston
The Tomball, Texas, delivery is a 170-unit test of lease-up pricing in a submarket where for-sale homes run $1 million and up.
Silverstone prices Brooklyn lease-up risk with preferred equity
The One Sunset recapitalization uses preferred equity to carry a 421-a building through lease-up, with the real repricing at the leasing finish line.
Estate Cos. buys Phase II site for $13M before Phase I has delivered a unit
The 1.19-acre West Palm Beach parcel sits next to a still-rising 321-unit building, with Banesco financing 65% of the land.
Wells Fargo's three seats at one affordable table
On a 120-unit Pasco County project, the bank buys the tax-credit equity, holds the construction loan, and will service the Freddie Mac permanent loan.
Severino: Jobs are a shrinking gauge of CRE demand
BGO's chief economist says headcount no longer explains where property demand is coming from.
Europe's logistics boom rests on shorter leases
First-half take-up rose 20.5 percent, but occupiers' preference for flexibility makes the length of the rent roll the number to watch.
Breakthrough's Boston exit puts a $19.3 million price on approvals
The Tishman Speyer-Bellco venture sells its entitled 232 A St. parcel to P&G Gillette for $99.3 million, monetizing the planning process rather than construction.
Hines calls a buying window in half of global markets
The firm's report says half its markets are priced to buy, but the 6.5 million-unit housing gap is the call with staying power.
GIC agrees to sell Tokyo office to Kenedix for $1.4B
The deal hands Tokyo a fresh office pricing reference at a roughly 28% gain over GIC's cost.
L.A. warehouses fill on tariff chaos. The vacancy rate is the tell.
Port volume is up 1.8 percent and leasing hit a five-year high, but vacancy hit a recent peak of 7 percent and rents are still falling.
PRP Real Assets adds Cole Cook for multifamily push
The New York-based apartment dealmaker with nine years of multifamily investing arrives days after the firm consolidated capital formation under one executive.
Cross Ocean, Fuller buy Fluor-anchored Houston office campus
Fluor occupies just under half the square footage at Eldridge Place, and that concentration is what makes the deal work.
Vanity economy takes 37.5% of leased retail space in Q2
A CBRE report gives shopping-center owners a numbers-backed case for courting beauty and wellness tenants.
Retail demand returns as new supply stays scarce
Stable vacancies and scarce construction make retail a cleaner underwrite for private capital.
T&E buys West Chelsea lot from PPHE for $33.5M
The price works out to roughly $452 per square foot of development potential on a rare unrestricted West Chelsea parcel.
Data-center developers chase power into frontier markets
Power constraints have pushed data-center construction into frontier markets; nearly four-fifths of capacity under construction is going to those areas.
Lincoln, SVP wrap The Bluffs office rehab in Playa Vista
The repositioned campus opens with more than 57,000 square feet of new leases in a West L.A. market still wrestling with office distress.
Michaels Organization to break ground on $88M Davis apartments with Japanese partners
The Lumberyard will bring 239 apartments and ground-floor retail to downtown Davis. Japanese investors are behind the $88 million project.
A $164,230-per-unit trade sets a Chicago value-add multifamily benchmark
The first sale of this Edgewater building in nearly 50 years gives buyers a clean reference point for a gut-rehab play.
ICO Development names Daysi Warren COO and CFO
A $500M private CRE firm combines planning and finance in one new hire.
CBRE brokers $14.9M Fair Lawn apartment sale
The 43-unit Class A building traded for about $347,000 a unit, a marker for new Bergen County apartments.
V12 Investments buys Hudson, N.H., warehouse for $3.9M
A 36,800-square-foot warehouse sale shows small private capital still clearing deals near the Massachusetts border.
Multifamily drives 28% jump in L.A. County investment sales
L.A. County investment sales jumped 28.5% in July, led by multifamily while office kept sliding.
Grandbridge takes first CMBS servicing deal on two Bellevue towers
The Truist subsidiary's CMBS debut is an interest-only loan on fully leased Bellevue towers, well away from today's office distress.
One Orchard launches InfraMed, a healthcare infrastructure platform seeded with 25 assets
The new holding company's first platform launches with an existing 25-asset medical outpatient portfolio and Pantheon as its lead institutional backer.
LaSalle buys 1.1 million-sf Subaru hub from Prologis-Browning JV
The fully leased build-to-suit anchors Subaru's national parts network.
New York's tech headcount tops San Francisco's for the first time
The headcount flip hands Manhattan a stronger office demand story, while San Francisco's deeper talent pool keeps the long-term picture open.
Principal lends $32M to refinance fully leased Queens grocery center
The refinancing shows a fully leased grocery-anchored center still clears the lender bar.
Newmark arranges $45.9M FHA refi for two Grand Junction apartments
The HUD 223(f) loans move Four Points Funding's recently delivered assets into government-insured permanent debt.
Azora, Vizcaya flip Coconut Grove office to El-Ad for $62.3M
The Grove at 3250 Mary sells for $62.3 million, a markup that shows how far Coconut Grove scarcity goes in a beaten-down office market.
Well-leased towers hold two-fifths of sub-breakeven office CMBS
Trepp finds $12.1 billion of performing office loans that can't cover debt service. Much of it sits in buildings 80 percent occupied or better.
Federal law drops modular steel-frame rule, trimming build costs
The change could cut initial construction costs by more than 10 percent and give factory-built housing a stronger pitch for capital.
Affinius lends $177.25M for two NY metro apartment buys
The lender splits the money between a finished Edgewater property and a Yonkers building with 50 units left to deliver.
Copia Power's $1.7 billion plan pairs solar with data centers
The Belmont Energy Center rezoning would make power capacity the site's core asset.
Return to Lender tracker arrives thin on specifics
Connect CRE's weekly rundown of distressed debt returning to lenders names no loans this week.
Office CMBS delinquencies top 2012 record at 8.89%
Term defaults drove $2.82 billion in new CMBS distress in July. The record delinquency rate is the broader backdrop.
PGIM closes final $82.6M bridge in Capodagli apartment refi
The Roselle Park loan takes the last property out of a cross-collateralized portfolio, giving each asset its own refinancing path.
Mamdani plan calls for 17,675 new Staten Island homes
A five-year housing target puts Staten Island's land-use politics in front of citywide growth goals.
CBRE IM pays $135M for Charlotte industrial park
The fully leased purchase from a Blackstone affiliate lands ahead of a 46.1-million-square-foot lease-expiration wave.
Knightvest pays $73.7M for Phoenix apartments in out-of-state run
The 254-unit Pavilions on Central purchase extends a string of Phoenix apartment deals by out-of-state buyers.
Sandy Springs approves $4.3M incentives for mall redevelopment
Fee waivers and a 10-year tax abatement hinge on tearing down the old center and building 421 homes.
Finmarc pays $77.5M for 70%-leased Tysons office towers
The $168-per-square-foot price makes filling 138,000 square feet of vacancy the entire trade.
INDUS Realty Trust acquires five-building Houston industrial portfolio
Park 845 Crossing spans 757,325 square feet at I-45/Beltway 8. It was 99 percent leased when INDUS took ownership.
Related Group starts 494-home remake of Boca Raton's Office Depot campus
Broken Sound Residences is the first step in a 28-acre redo of the former Office Depot campus.
Asia Pacific office leasing narrows to a three-market core
Colliers' first-half data shows occupier demand concentrating in India, China and Japan as new supply drops 37 percent.