All Private Real Estate Daily reporting, newest first.
Unitholders are offered $13.00 a unit in cash, about a 20 percent premium to the Sept. 23 close, the last trading day before the REIT announced it was suspending distributions.
The Banyan Street-led seller paid $60.3 million for the 21-story building in 2015, according to the Atlanta Business Chronicle; the current sale price was not reported.
Retail assets renovated in the past five years traded above $700 per square foot over the trailing 12 months, the report says.
The 298-unit Nishi-Shinjuku building was bought in December 2023 under M&G's value-added mandate; the sale price and buyer were not disclosed.
Torchlight Investors funds the interest-only loan on 631 units at the Doral apartment property for JSB Capital.
Four- and five-star space absorbed 2 million square feet over the year while three-star stock gave back 150,000, even as second-quarter leasing contracted.
Colliers brokered the March recapitalization and sale of a 733,000-square-foot Goleta tech park to Praelium, and Google bought two more buildings in Goleta in August.
Special servicing climbed to 15.7%, and a cohort of 93 office loans that transferred while current shows how little early intervention has bought.
The two-tower Revelry complex near Arizona State University will carry more than 100,000 square feet of amenities.
A joint venture with Everview affiliates and an Abu Dhabi Investment Authority subsidiary will pay $1.71 billion for the remaining assets.
The proposal reserves 412 apartments at up to 120 percent of area median income and seeks a 50 percent parking reduction after multifamily starts fell nearly 22 percent in August.
The 10-year touched 5.1 percent and the 30-year 5.4 percent on Sept. 23, a week after the Fed raised its policy rate to a 3.75%-4% range.
A mutual-consent force majeure clause turns an $18 billion data-center debt stack into a negotiation over when the rent stops.
A record $56 billion in CRE debt-fund dry powder is chasing the few construction projects whose sponsors can clear the equity check.
Attendance has reached what the survey calls a steady state, and the same occupiers favour premium buildings in central business districts.
Construction materials prices rose 13.3% year over year and diesel topped $6.50 a gallon at an all-time high, according to industry and federal data.
PJM has asked federal regulators to approve a framework that would let it cut power to new data centers that add no capacity to the grid.
The two-tower proposal at 3180 Biscayne Boulevard sets aside 412 apartments at up to 120 percent of area median income and seeks a 50 percent parking reduction.
One lender for one tower leaves the second phase of a 1,542-unit plan as the only real read on Journal Square construction pricing.
Lenders installing receivers and hunting recourse carve-outs are setting the 2026 clearing basis before any buyer reaches a purchase contract.
A $285 million Falls Church purchase retires a rent bill and pulls a 1954-vintage Class B campus off the private market
Six public retirement systems and a $158 million Connecticut acquisition reveal more about this vintage than the $2 billion target.
At roughly $231 a square foot with entitlements already secured, the buyer of 875 and 899 Howard is paying for a San Francisco leasing option while Hudson Pacific takes the re-leasing bill off a 2027 calendar.
A force majeure clause that needs both parties' consent has turned a Big Tech lease into a negotiation over who carries the energization risk.
A $99 million loan carries the sponsors through demolition on three Upper East Side parcels, which puts the risk exactly where no income statement can reach it.
A court-approved $70 million sale has repriced PIMCO's triple-A Centre Square position to roughly 44 cents, putting losses on the tranche that was never supposed to take them.
The construction loan runs $34.5 million over the parcels' combined $64.5 million acquisition cost, and the sellout risk stays with the sponsors.
The 30% headline gain on a 2015 purchase compounds to roughly 2.4% a year, and the buyer wrote the check for income.
The sale lands within a dollar a foot of the Brea office building, so the return is in the empty fifth rather than the renovation Harbor completed in 2020.
The $97B asset manager takes a board seat and a value-add pipeline in Western markets, wagering that grocery anchors hold their pricing power while the rest of retail reprices.
JPMorgan is in talks to lead the loan for an 86-story condo tower on the former ABC site, after Vornado secured $3.3 billion for 350 Park Avenue.
The Haslet cross-dock starts with no disclosed tenant, while the other eight buildings remain off the construction calendar.
The early close is the only hard evidence of operational upside, and no price says what the seller gave up.
A half-fund anchor, $72.3 million of mezzanine and an undisclosed all-cash sale are the week's retail marks; whole-asset comps have stopped printing.
A 115-unit flatiron in NoMa shows what developers actually sell public agencies: the closing, not the construction.
The $56.25 million trade prices a federal-adjacent rent roll, and the report leaves the buyer unnamed.
An undisclosed price on a 524-unit Eastside trade leaves the per-unit comp — likely near $112,000 — as the number the region will argue over, with no cap rate to settle it.
A Park Central office asset at 93% leased and freshly renovated marks the boundary between the office market that reprices in the debt stack and the one that reprices on its rent roll.
A $26 million school-site sale turns a shuttered elementary into 435 entitled units, at a land basis near $60,000 apiece.
Trepp's sensitivity puts roughly $1 billion of stress-tested self-storage balance below 1.0x coverage at a 6.50% takeout, concentrated enough to trade loan by loan.
Both flagship funds cleared their hard caps, and the split between $2.7 billion of equity and $2.3 billion of value-add debt says more about this cycle than the headline total does.
DR Horton hands a two-year-old Deer Valley community to a private buyer at a basis that depends on a semiconductor hiring calendar rather than a rent roll.
The loan takes office as a third of its collateral, and the leverage is the number the next trade has to beat.
The agency loan prices the in-place rent roll; the $15.9 million equity check is where the suburban rent-growth view actually sits.
Two Northwind construction loans totaling $427 million test partial conversion as a debt-stack trade before it is a design one.
Before one of the 95 branded residences closes, GoldenTree is on the hook for the $482.5 million.
Dan Teper's remit spans capital allocation, portfolio optimization and multi-country investment teams — a build job, not a caretaker posting.
Up to half the equity from a single institution, plus a director's seat, changes what kind of fund Hyperion Grocery Retail Partners III is.
A €28.6 million forward funding north of Paris matters less for the building than for the separate-account mandate it tests against M&G's €96 billion private markets platform.
A 5.5-year break on a single furniture tenant and BREEAM Excellent certification let a Barcelona shed clear as core for a French mandate.
The latest from Private Real Estate Daily, in your inbox every weekday. Free.