New Walgreens owner Sycamore tests debt market with $490 million offering backed by stores
CMBS deal comes amid shakeout in US pharmacy sector
A new $490 million commercial mortgage-backed securities financing collateralized by Walgreens stores is coming to market amid a dramatic shakeout in the retail pharmacy sector tha...
CMBS deal signals self-storage recovery; $240 million securities deal backs data center; TPG prices seventh offering to pool loans
A weekly look at the commercial mortgage-backed securities business
This week’s column examines a Massachusetts debt deal contributing to what’s being called an emerging recovery in the self-storage sector, a $240 million offering tied to the acqui...
Landlord secures $900 million New York office refinancing after landing Stripe’s expansion
Fosun’s recent leasing surge brings building to 93% occupancy, outpacing downtown market
Chinese conglomerate Fosun International has secured a $900 million refinancing of 28 Liberty St. in New York after signing technology firm Stripe to a lease expansion.
Values plummet for distressed office properties; Mall loan losses hammer bondholders; Cleveland sale wipes out debt investors
A weekly look at the commercial mortgage-backed securities business
This week’s column examines recent appraisals showing lower values for U.S. office properties and bondholders taking losses on deals backing a New York mall and a downtown Clevelan...
Switch raises $659 million in latest data center securities deal
Offering is backed by revenue from 10 facilities serving nearly 500 customers across four states
Switch Data Centers said it closed its fourth asset-backed securities offering collateralized by revenue streams on some of its newest projects, raising nearly $659 million.
CIP Real Estate taps three Wall Street banks for $820 million industrial refinancing
Warehouse portfolio yields $192 million cash-out for borrowers
CIP Real Estate and Almanac Realty Investors have refinanced a six-state industrial portfolio through an $820 million commercial mortgage-backed securities deal that closed this mo...
Georgia data center sells for nearly 300% more than purchase price three years ago
Principal Asset Management increases power capacity during ownership, capitalizing on surging market
Principal Asset Management sold a data center in Alpharetta, Georgia, for $253 million this month, pulling in nearly four times the acquisition cost after three years of ownership ...
Stock Development refinances two Southwest Florida apartment complexes
Naples developer extracts equity as apartment markets soften
Stock Development has refinanced two recently built apartment complexes in Southwest Florida as the Naples-based developer secures financing with commercial mortgage-backed securit...
DataBank increases credit facility to $1.6 billion for data center expansion
Growing AI, cloud demand drive data center operator's latest capital raising
DataBank, a Dallas-based data center operator, expanded its credit facility from $725 million to $1.6 billion to finance data center construction in five major U.S. markets.
Brookfield nears industrial CMBS deal as its 2025 refinancing spree hits $6 billion
The $380 million loan is backed by 55 properties across five states
Brookfield has arranged a $380 million refinancing for an industrial property portfolio, marking the asset management giant's ninth securitized loan deal this year.
Greystone's $451.6 million loan offering reflects added US healthcare demand
Transaction is backed by bridge loans on nursing homes, assisted living facilities in 13 states
National finance company Greystone completed a $451.6 million commercial real estate collateralized loan obligation offering backed exclusively by healthcare properties.
Bankers expect commercial property loan growth to return
M&T Bank, PNC executives among those predicting increase in next few quarters
Cracks are starting to form in the long-frozen market for bank lending for commercial real estate.
Rent control weighs down Bronx buildings; Virginia retail center loses theater; Property stress may be plateauing
A weekly look at the commercial mortgage-backed securities business
This week's column examines downgrades of securities tied to rent-controlled New York City buildings, the loss of a theater and major tenant at a Virginia retail center, and signs ...
Two big bank lenders for commercial property see loan quality improve, office values stabilize
Wells Fargo scales back commercial property lending; JPMorgan Chase posts steady loan growth
The nation's two largest bank lenders for commercial real estate are seeing the quality of their loans improve as office valuations stabilize.
Whole Foods fetches shopping center owners higher property sale prices than rival grocers
Investors reward premium store brands
Shopping centers anchored by Whole Foods are selling for as much as four times the rate of properties anchored by mass-market rivals, according to new CoStar data.
Blue Owl to move $3.29 billion data center portfolio to new REIT
Alternative asset manager to roll 11 properties into nonlisted trust
Blue Owl Capital is forming a new real estate investment trust to expand its digital network holdings and agreed to roll 11 data centers it already controls into the new entity.
Why lenders are stepping up financing of some US malls
Banks bet investors will keep buying securities backed by high-end properties
Major bank lenders are stepping up their financing of U.S. malls this fall, targeting elite shopping centers in Texas and Florida even as the broader retail sector gets hit with te...
Belpointe OZ refinances flagship Sarasota, Florida, apartment project
Aster & Links, completed in 2024, lands $204 million loan with leasing at 50%
Belpointe OZ, a publicly traded firm that invests in properties within U.S. opportunity zones, has closed on a refinance of up to $204.14 million for its flagship Aster & Links dev...
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.