Starwood-owned Fundamental Income Properties to raise $391 million in bond deal
Total of 432 net-lease properties across industrial, service sectors serve as collateral
Fundamental Income Properties plans to raise $391.1 million through a new bond offering, its first since Starwood Property Trust acquired the company this summer.
Goldman Sachs brings decade’s largest multiborrower CMBS deal to market in sign of lending thaw
The $1.3 billion offering carries heavy office exposure amid sector uncertainty
Goldman Sachs is marketing the largest multiborrower commercial mortgage-backed securities offering of the decade, signaling fading lending fears in commercial real estate markets.
Strong repayment rate masks sector struggles; Nonbank lending more than doubles; New York tower gets new backing
A weekly look at the commercial mortgage-backed securities business
Strong repayment rate masks sector struggles: Borrowers repaid more than half the CMBS loans scheduled to mature in September, though disparities in payoff rates revealed stark dif...
Running toward a cure: Broker turns personal battle into research win
Besides executing property deals, Jeffrey Berman helps medical field close in on cancer cure
Jeffrey Berman, an Upper East Side commercial broker who can guide high-net-worth clients through complex tax-deferred exchanges, channels that same energy into something more pers...
Canada’s Starlight refinances 18-property multifamily portfolio across US Sun Belt
JPMorgan leads lenders in US$972 million CMBS deal
Canadian real estate firm Starlight Investments and its partners have closed a $972 million loan to refinance 18 multifamily properties across eight southern U.S. states.
CBL Properties restructures $158 million in mall debt
Retail landlord’s CEO says financial markets are improving for sector
CBL Properties has closed on nearly $158 million in loan modifications across three mall properties.
Store Capital raises $625 million to fund growth
Strong demand from investors pushes bond offering 39% above initial target
Store Capital, an Arizona-based net-lease real estate investment trust that primarily invests in single-tenant, net-leased properties, completed its largest securitized notes offer...
Acrophyte Hospitality considers sale or privatization ahead of looming capital crunch
Singapore-based hotel REIT faces $100 million shortfall in brand-mandated renovations for US hotel portfolio
Acrophyte Hospitality Trust, a Singapore-listed real estate investment trust owning 32 select-service hotels across 17 U.S. states, is undertaking a strategic review that could res...
CMBS market favors office assets; Lender seizes Miami office building; Tornado-damaged mall finds buyer
A weekly look at the commercial mortgage-backed securities business
This week’s column examines the CMBS market favoring single-asset, single-borrower office offerings, a lender taking back an office building in Miami and land sold where a tornado-...
BXP-Delaware North partnership lands $465 million loan for Boston mixed-use tower
Deal comes as local market faces rising vacancies, soft leasing
Boston's Hub on Causeway, a 1 million-square-foot office and retail complex, has secured a $465 million refinancing despite sublease concerns.
Argentine landlord secures $130 million loan for trophy New York office building
CMBS deal finances Raghsa Real Estate's acquisition of 512 W. 22nd St.
A Buenos Aires-based real estate firm has closed a $130 million loan for a boutique office tower at 512 W. 22nd St. in New York's Chelsea neighborhood, marking a significant U.S. i...
Extended Stay America secures $1.9 billion loan commitment as US hotel momentum slows
Blackstone, Starwood-controlled portfolio refinancing comes as new supply outpaces demand
Extended Stay America has secured a $1.9 billion loan commitment to refinance 220 properties across 33 states, marking a significant bet by lenders on the extended-stay hotel secto...
Pacific Oak REIT bondholders reject $318 million property sale plan
Investor faces January debt payments
Israeli bondholders have overwhelmingly rejected two of Pacific Oak Strategic Opportunity REIT's proposed property sales, blocking the troubled real estate investor's plan to raise...
Blackstone returns to CMBS market with $435 million apartment refinancing
Private equity giant's first multifamily securitization this year backs 1,717 units
A Blackstone multifamily portfolio is the collateral for a $435 million loan on the commercial mortgage-backed securities market that investors are expecting this week.
Ventas secures $475 million CMBS loan on Pennsylvania life sciences buildings
Leases from Drexel University, University of Pittsburgh support CMBS refinancing
Ventas and partner GIC have refinanced $425 million in debt on three university-leased life sciences buildings in Pennsylvania through a $475 million transaction on the commercial ...
Property recovery shows more promise with second monthly rise in big-ticket prices
Investors are still shying from smaller deals, according to CoStar data
U.S. commercial real estate prices for top-tier properties rose for the second straight month in August, reinforcing signs of a turnaround taking shape in parts of a market that ha...
KBS sells suburban Kansas City mixed-use property amid loan pressures
Transaction part of broader strategy to manage liquidity needs through 2027
KBS Real Estate Investment Trust III has sold Park Place Village, a nearly 500,000-square-foot mixed-use property in Leawood, Kansas, as the company faces mounting pressure to offl...
EJF Capital, North Signal refinance industrial complex near Savannah port
Firms close $115 million deal for three-building South Carolina distribution center
EJF Capital and North Signal Capital have completed a $115 million refinancing for a three-building industrial portfolio near one of the nation's busiest ports.
BTG Pactual, Morning Calm refinance $275 million Midwest industrial portfolio
Borrowers cash out $34 million in Wells Fargo CMBS deal
BTG Pactual Strategic Capital Fund and Morning Calm Management have completed a $275 million refinancing of a 24-property industrial portfolio.
US affordable housing crisis deepens, survey says
Fed rate cuts alone aren’t seen as enough to staunch rising costs
The affordable housing crisis is said to be worsening across the United States as construction costs climb and regulatory barriers block new development.