Commercial real estate prices rise for first time in five months
Investment-grade property sales outperform smaller deals, according to CoStar data
U.S. commercial real estate prices climbed in July, marking the first monthly gains since spring as institutional investors come back to a market that has struggled for more than t...
CMBS lenders post largest loss this year; Philadelphia faces office struggles; St. Louis tower sells cheap
A weekly look at the commercial mortgage-backed securities business
This week's column examines how CMBS lenders are still dealing with losses from the sale of distressed properties, a stretch of downtown Philadelphia struggling with office vacancy...
Nonlisted REITs stage comeback despite lingering Blackstone, Starwood redemption struggles
Recovery picks up steam with new investor capital
Most of the largest nonlisted real estate investment trusts are raising more cash after three years of large-scale investor withdrawals, a sign of optimism in a sector hurt by a dr...
Historic Los Angeles mall sells in one of region’s biggest deals, with ambitious overhaul plans
Macerich sells Lakewood Center for $322 million to team of redevelopment experts
Lakewood Center, a sprawling Los Angeles mall built in 1951 to bring commerce to the region’s growing suburbs, is about to be reimagined after its near-record sale.
Brookfield lines up $300 million refinancing loan for trophy Utah mall
Strong sales mitigate lease rollover risk, Moody’s analysis says
Brookfield Property REIT has lined up a $300 million refinance loan for Fashion Place, the company's trophy mall outside Salt Lake City, betting that strong tenant sales and suburb...
New York tower struggles with leasing; Lender takes on hotel bond risk; Ashford lands loan relief
A weekly look at the commercial mortgage-backed securities business
This week’s column examines a New York office tower said to be facing a slowdown in leasing, a lender that’s taken on risk by buying hotel-backed bonds and Ashford Hospitality Trus...
Tavros Capital to buy long-delayed lower Manhattan site at discount
Seaport Entertainment is selling the parcel after spinning off from Howard Hughes last year
Seaport Entertainment Group has agreed to sell its mixed-use development project at 250 Water St. in lower Manhattan for $150.5 million to Tavros Capital, a New York-based real est...
Investment firm Sixth Street offers to acquire Plymouth Industrial REIT
Buyout bid follows strategic partnership between firms
Boston’s Plymouth Industrial REIT has received a nonbinding offer for the firm to be acquired by its strategic partner, global investment firm Sixth Street Partners.
Tishman Speyer completes first commercial loan since launching credit business
Debt to help refinance Boston-area life science property
Tishman Speyer has completed its first commercial real estate loan through the property debt business it launched last year, refinancing a Boston-area property.
GO Residential completes major New York apartment refinancing
The REIT went public this month in Canada
GO Residential Real Estate Investment Trust has completed a refinance of Manhattan’s Copper multifamily complex just weeks after its stock started trading in Canada.
Fundrise secures $352.7 million industrial refinancing from Goldman Sachs, TPG
JLL arranges loan backing 12-building portfolio from Maryland to Nevada
Washington, D.C.-based investor Fundrise has secured a $352.7 million refinancing for a national industrial portfolio through a deal arranged by JLL Capital Markets.
Altmark secures $96 million refinancing for Bronx luxury apartments
Morgan Stanley loan for The Motto heads to CMBS market
The Altmark Group closed a $96 million refinancing for The Motto, a 264-unit luxury apartment complex in the Mott Haven neighborhood of the Bronx, New York.
These firms handle the bulk of distressed loans; Rising costs squeeze New York apartments; Atlanta apartment loan faces losses
A weekly look at the commercial mortgage-backed securities business
This week’s column examines the seven special servicing firms that handle the bulk of distressed CMBS loans, rising costs putting pressure on rent-stabilized apartments in New York...
TPG bets $156 million on industrial growth around Nashville
CMBS debt to fund pending acquisition of 13-property Tennessee portfolio
TPG Real Estate, an alternative investment giant with $13 billion in dry powder to spend on commercial real estate, has struck a $156.2 million deal to acquire 13 industrial proper...
Bridge Investment Group launches $915 multifamily loan bond offering
Private lender shows caution on underwriting as market faces supply glut
Bridge Investment Group is bringing a $915 million commercial real estate collateralized loan obligation to market, with 95.4% allocated to multifamily properties.
Centersquare launches $815 million data center bond deal
Offerings have helped power firm’s rapid expansion
Centersquare is heading to market with an $815 million asset-backed bond deal to finance its rapidly expanding national data center portfolio that has surged 41% in value over rece...
Tritec, Olayan secure $166 million refinancing for transit-oriented project in Long Island
Greystone arranges its largest Freddie Mac loan this year for Ronkonkoma, New York, complex
Tritec Real Estate and Olayan Group have refinanced construction financing for the Core at Station Yards, a new mixed-use residential, office and retail complex on Long Island.
Aimco to sell Boston-area apartments for $740 million, exit market
Harbor Group plans upgrades at the five complexes totaling 2,719 units
Apartment Investment and Management Co. has agreed to sell five suburban multifamily properties in the greater Boston region for $740 million as the publicly traded company exits t...
FHFA clears Fannie, Freddie to double down on affordable housing
Capacity to invest in low-income tax credits rises from $2 billion to $4 billion
The Federal Housing Finance Agency is doubling the amount that Fannie Mae and Freddie Mac can invest in Low-Income Housing Tax Credit properties to $2 billion each, a move that is ...
Investment firm TPG, with $13 billion to spend, buys two New York office towers
Real estate expenditures reach $1.53 billion in second quarter
Alternative asset manager TPG, with nearly $13 billion in commercial real estate investment cash to spend, has made a major office purchase in New York.