Randhurst's $95 million price leaves the mezzanine underwriting the lease-up
Aquarian and 3650 split $72.3 million on a 929,899-square-foot center whose seller paid more for it in 2015.
Story archive
All Private Real Estate Daily reporting, newest first.
TYKO funds $310M as Namdar stacks Journal Square debt
A single-lender construction facility lands three weeks after Namdar's $390 million Park Tower financing, committing roughly $700 million of debt and 1,922 Journal Square apartments to the same few years' clock.
Westwind seeds a €200m debut with Spanish student beds
The first close buys a Spanish student portfolio and a reference price that every later bid has to clear.
Commerz Real is pricing a Sydney tower off a police lease
Ten years of AFP rent with 3.75 percent annual bumps does the pricing work at 110 Goulburn St., leaving the buyer underwriting a covenant rather than the Sydney office market.
LaSalle adds 482 beds by San Jose State as price stays private
A fully occupied student housing community two blocks from San Jose State changes hands without a price, leaving rent per bed as the only lever left.
KKR sells 16 Japan hotels, keeps both management layers
The buyer gets branded, renovated rooms in 11 cities; KKR keeps the fee-earning machinery behind them.
Debt fund closings thinned, but the sizes held
One $1 billion first-quarter close and a $1.3 billion second-quarter hard cap, with 72 debt funds still marketing, left a shortfall measured in closings rather than dollars.
Data-center capital now prices a Senate vote
Blue Owl's $25 billion income bid and the build-out ask now trade on a Senate calendar.
CRE owners are choosing capex over price discovery
With 46% of Deloitte's respondents expecting no sales and nearly 80% planning repositioning, the survey describes a market that has stopped setting marks.
Senators move to strip data centers from the rural OZ tier
The tripled rural step-up in basis was sold as a data center benefit; the Senate is now deciding whether it was a housing benefit instead, and rural land comps will register the answer first.
An $85 million SoHo refi that underwrites Microsoft, not SoHo
The 300 Lafayette loan clears because 63,000 of the building's 82,000 square feet is one credit tenant in new construction.
All-cash Vista strip sale keeps its price private
A newly built, unanchored North County center trades on a finished eight-lease rent roll, and the undisclosed price leaves the format's clearing level private.
Burris pays $28.1 million for a land option with rent attached
Eleven commercial units and eight apartments are the carry on a 64,000-square-foot development envelope the buyer has no near-term plans to build.
L&G's retirement arm writes its first U.S. development check
Retirement capital is underwriting the 2028-29 supply gap rather than the lease-up in front of it.
Los Angeles Bets $466.6M That Subsidy Pulls Private Capital
The second Homes for LA round is bigger than the first and slower to arrive, handing the carrying cost to sponsors who can sit through the calendar.
KSE's $135 million Ball Arena renovation is the small half of the district trade
The renovation has a price and an architect; the neighborhood on the parking lots has neither, and that is where the capital actually has to be raised.
Mall special servicing and a $960M print set the real price
The securitization bid is still open for size; the loss is being discovered on the servicing desk, one workout at a time.
GI Partners pays $14.7 million for south Phoenix data center land
The deal priced the substation next door and the city's data center determination.
BHI writes $71.5M construction loan for 250 Bayonne units
The loan puts the sponsor's lease-up in summer 2027, on the near side of the supply gap apartment capital is now underwriting.
The 127% August gain was a merger; asset sales fell 21%
MSCI's August data shows corporate consolidation carrying the headline while the bid for individual assets thins out, leaving lenders to size credit against the smaller number.
CIC's $22.6 million lands where bid spreads cannot reach
The Chicago nonprofit's unit math says the grant line, not the loan coupon, is what keeps single-room housing financeable.
Cambridge's biggest office lease of 2026 is an AI bet
Blitzy's 52,000-square-foot Kendall Square deal tops this year's Cambridge office market, where AI tenants account for more than 60% of new leasing.
536 Mission gets two green lights; San Francisco gets one tower
McCourt Partners and Lincoln Property hold entitlements for 385 apartments or 1.35 million square feet of offices, and the choice is the whole trade.
New York Life writes the loan that prices Bader's Dallas basis
A life company's $39 million acquisition loan behind a 2010-vintage value-add buy says more about where the Dallas apartment clearing level sits than the occupancy count does.
110 Tower's discount belongs to GEM's 2016 basis
City National's $66.3 million loan is the only third-party mark on Mana's $89 million purchase of a 1987 Broward tower.
Starbucks is closing the storefront and keeping the drive-through
A 250-store closure round sorts the portfolio by real estate: the drive-through box re-leases, and the urban storefront re-prices.
Ashford's Dulles sale is a loan release, not a comp
With $20.6 million of the net proceeds going to a lender on a 13-hotel mortgage, the per-key number says more about Ashford's loan release than about Dulles hotel pricing.
Austin tower sells to three-name JV, no price prints
A renovated 267,956-square-foot Class A tower changes hands without a number, leaving downtown Austin's repricing on hold.
Vivmark's merger drove August apartment volume; single-asset sales fell 35%
The $80.5 billion month is one merger printing as transaction volume; the trades that will set prices are clearing out of REO supply.
A $130M industrial refi that was really an ownership trade
Wells Fargo's middle-market desk underwrote 39 buildings and 225 tenants, and Darwin's principals used the moment to buy out their partners and take the portfolio whole.
Fort Lauderdale office clears at $226 a foot on a 1031 bid
The 110 Tower's $89 million sale may say less about downtown office values than about the tax deferral behind the bid.
The apartment maturity wall is a rescue-capital market
With nearly $300 billion due this year and extensions replacing sales, the 2026 clearing basis for apartments is being set inside the debt stack, not at closing tables.
Hendrie Lane's first R&D buy starts at $255 a square foot
Three sponsors bought a fully leased Andover portfolio at a discount to replacement cost; four more markets on the same template is a shopping list, not a pipeline.
Blue Owl's data-center ask meets a $25 billion income bid
The exclusive talks over Stack's Asia Pacific portfolio price a $25 billion income bid against a build-out ask, and the spread between the two is the part that travels.
Thompson Thrift raises ninth fund on a construction-market call
Six identified projects in five states narrow selection risk for the $200 million to $230 million vehicle, but all six clear into the same delivery window.
Industrial capital is buying deal access, not warehouses
A partnership, a forward purchase, a bridge and a shovel showed up in the same week's industrial coverage — four ways of paying for sourcing while the bid for stabilized product sat where it was.
Morgan Properties' Memphis buy prices the income half of the bid
A $29.8 million 2014 basis doubled to $56.5 million, a 5.5% annual exit that says 1994 suburban stock clears on rent rather than scarcity.
Clear Blue prices the legislated spread in Dickson
At roughly $386,000 a unit with 60 voucher-backed homes, the 228-unit Tennessee start shows where apartment capital still clears without rent growth.
Federated Hermes client puts £800m Oxford park up for sale
The UK's largest single-ownership innovation park carries 1.2 million square feet of logistics, 638,000 of labs and a power connection nobody has had to price since 1984.
The APAC hotel bid is two trades, and only one is durable
China's doubled volume leans partly on a REIT eligibility change, while Japan and Korea draw capital on room rates and a thin supply pipeline.
Cheyne closes ninth European real estate debt fund at £3bn
More than half the capital was already in loans at final close, making Cheyne’s £3 billion a deployment story wearing a fundraising headline.
Colonial banks Santa Hortensia value before completion in Madrid JV
A contribution schedule running from 2026 to 2028 lets Colonial book Santa Hortensia value before completion while Vita carries half the platform.
Callahan hires deal talent as office waits on printed marks
Two named buildings, one hire that covers the whole hold, and a market still waiting on someone to sign first.
TEP’s 98 federal leases now ride one $450m credit
The consolidation is the right structure. The release discloses value, not leverage, and the next deal will test whether the credit travels.
Indiana splits $236 million between industrial and European value-add
One check buys an industrial operator's pricing discipline; the other, a seven-country European property call.
Office prices move to occupied square feet
San Francisco's 65%-leased print, Dallas's 63% trade, and Houston's 70.6% offering are pricing occupied rent rolls, not building area, and taking vacancy as a free option.
Student housing's rebound makes the value-add basis the whole trade
Volume rebounded 48 percent from the trough, which means the vintage that rewarded conviction has already been bought.
Brookings prices the AI build-out and cuts 227 gigawatts from the pipeline
A Brookings paper puts the AI capital program at $10.3 trillion and assumes 227 gigawatts of proposed data-center capacity never gets built, a downside case with a unit cost sponsors can hold against their own pro formas.
Retail's store-opening boom is a landlord's trade now
Net store openings turned positive just as completions hit a record-low 5.2 million square feet, leaving the expansion's returns to the landlords already holding the space.
New York Life bought a three-year exit, not a Midtown East mark
The $386 million against 200 Madison Avenue is sized to Havas's lease and the lender's short clock, leaving the office market a debt basis instead of a price.