As Penn State considers campus closings, one small-town developer is undeterred
Looking to move forward as community faces potential loss of an economic driver
Jim Landino, founder of JCL Development, has invested millions of dollars to revitalize downtown Sharon, Pennsylvania. And he has another $12 million of projects underway within a ...
Foxconn’s investment in Houston grows after these Transwestern leases
Two-building lease comes on heels of electronics giant buying nearby portfolio from Dalfen Industrial
Electronics giant Foxconn is ramping up its investment in Houston with two leases for industrial buildings being developed by Transwestern, on the heels of buying a portfolio compr...
Strong tenancy lands Bahrain’s GFH a $250 million industrial portfolio refinancing
FedEx, General Mills occupy logistics buildings across seven states
Bahrain-based GFH Partners has turned to the securitized lending market to refinance a 2.3 million-square-foot U.S. industrial portfolio.
Vantage Data Centers secures $5 billion in green financing for expansion
Construction loan, upsized credit facility are fueled by demand for artificial intelligence
Vantage Data Centers, a global provider of data center campuses, has secured $5 billion in so-called green financing to support the development and land acquisitions for growth in ...
Blackstone fund returns to storage with $231 million portfolio refinancing
Jadian Capital lands loan for 43 properties across 13 states
Jadian IOS, the industrial outdoor storage affiliate of Jadian Capital, has completed a $231 million portfolio refinancing, securing the loan from private equity giant Blackstone.
GCM Grosvenor backs Proteus MHP in manufactured housing joint venture
Asset manager provides capital to fund up to $150 million of investments
Proteus MHP, a manufactured housing real estate investment firm out of Los Angeles, has received new investment capital from GCM Grosvenor in a vote of confidence in the sector and...
Investor Luis Frias takes potential partner he knows well along for ride
CalTex Capital founder mentors 5-year-old son, rewards him with ice cream
Only 5 years old, Max Frias might be gearing up for a future career in asset management as he learns the trade while riding along with his father, Luis, when he goes on property vi...
Nitya Capital turns to CMBS debt for big multifamily refinance
Citi originates nearly $700 million in loans on 18 properties
Nitya Capital has completed a $700 million refinancing of 18 multifamily and student housing properties, as securitized loan originators have picked up the pace on multifamily lend...
WeWork deal hit with junk rating; Vornado lands $675 million refinancing; Office complex sells at loss
A weekly look at the commercial mortgage-backed securities business
This week's column examines a credit downgrade on a CMBS deal revolving around WeWork, a $675 million Vornado Realty Trust refinancing in Manhattan and an office complex that sold ...
North Dakota data center deal stands out by disclosing $7 billion in lease revenue
Developer Applied Digital reaches 15-year agreement with CoreWeave for two sites
Applied Digital has entered into two 15-year lease agreements with CoreWeave for new facilities in North Dakota that are anticipated to generate about $7 billion in total revenue o...
Largest US sovereign wealth fund looks to trim global real estate holdings
Investor considers disposing of office and retail properties
The largest U.S. sovereign wealth fund plans to trim its global real estate holdings to reduce its exposure in the office and retail sectors.
Pickup in high-value property sales signals better pricing ahead
Multifamily leads in price gains over past year, CoStar data shows
Commercial property prices took a step back in April, when some deals were halted as investors assessed the long-term economic fallout from worldwide tariffs imposed by the Trump a...
Kansas City Royals make play for potential new ballpark site
Team buys $232.5 million loan on former Sprint corporate campus
The Kansas City Royals baseball team has pulled off the equivalent of a double play, acquiring an income-producing loan while gaining financial leverage on a site for a potential s...
Blackstone’s QTS plans $1.5 billion data center bond deal
Offering expands fundraising capacity through securitization of lease payments
Blackstone-owned data center developer QTS is preparing to go to market for the first time to raise $1.5 billion through the securitization of tenant lease payments from two of its...
Nuveen expands fundraising capabilities with launch of tax-advantaged exchange program
Firm’s REIT to offer 1031 investors up to $3 billion in portfolio shares
With global commercial property prices believed to be stabilizing, Nuveen, the investment manager of TIAA, has launched a new program through its Nuveen Global Cities Real Estate I...
Blackstone-owned office building plunges in value; FTC exit triggers downgrade; Simon mall has loan trouble
A weekly look at the commercial mortgage-backed securities business
This week's column examines a Blackstone-owned office tower that's seen an 81% drop in its appraised value, a bond rating downgrade tied to the Federal Trade Commission's exit from...
Montana airport deal shows growing investor interest in infrastructure real estate
Aerial firefighting firm to sell, lease back Bozeman-area facility for 10 years
Bridger Aerospace Group Holdings, one of the nation's largest aerial firefighting companies, has agreed to a sale-leaseback with a private equity investor for its headquarters camp...
Foreclosed property holdings at US banks grow 30% annually
Sales are bringing in less money, FDIC data shows
U.S. banks have steadily expanded their portfolios of foreclosed commercial properties at a time when selling them brings in less money.
Fisher Brothers, Blackstone look to boost ownership stake in New York office tower
New CMBS refinancing package includes funds to buy out remaining equity interests
A new ownership structure and financing deal for a New York office tower stand out as some of the latest examples of positive momentum in the market.
Manulife US REIT gets additional time to sell more US office buildings
Singapore-based investor comes up about $60 million short of meeting lender agreement
Manulife US Real Estate Investment Trust has secured lenders' approval to extend its asset disposal deadline by six months until the end of this year, given the soft but improving ...