Blackstone to take Hawaii landlord Alexander & Baldwin private in $2.3 billion deal
Purchase includes state's largest grocery-anchored retail portfolio
A joint venture of Blackstone Real Estate, MW Group and DivcoWest plans to take Hawaii landlord giant Alexander & Baldwin private, gaining control of the state's largest collection...
Sales of distressed commercial property rise, led by offices
Transactions post 5% annual gain to $25.44 billion through third quarter
Sales of distressed commercial real estate in the United States reached $25.44 billion in the first three quarters of 2025, marking a 5% increase from the same time last year, acco...
New Mountain enters asset-backed securities market with $493 million offering
Deal opens financing path for firm's net-lease REIT
New Mountain Net Lease has completed its first asset-backed securities transaction, issuing $493.4 million in notes on 59 commercial properties across North America.
Madison Realty lands $285 million loan for Brooklyn, New York, apartments
Deal refinances construction debt, returns equity to project investors
Madison Realty Capital has refinanced Greenpoint Central, a 473-unit multifamily complex in Brooklyn, New York, with a $285 million loan.
Pacific Oak completes Atlanta office sale, helping REIT whittle down debt
Troubled investor takes 54% loss on Crown Pointe complex
Pacific Oak Strategic Opportunity REIT has completed the sale of its Crown Pointe office complex in Atlanta, eliminating $54.7 million in mortgage debt as the company battles insol...
Sculptor Capital raises $4.6 billion for fifth distressed property fund
Alternative asset manager exceeds target as institutional demand surges
Sculptor Capital Management has closed its fifth opportunistic real estate fund at $4.6 billion, surpassing its $3 billion target to invest in properties experiencing debt issues o...
Value declines complicate CMBS debt; Financial turnaround for New York mall; New Jersey office complex sells at big loss
A weekly look at the commercial mortgage-backed securities business
This week's column examines how declining appraised values are affecting the CMBS market, a New York mall undergoing a financial turnaround and a New Jersey office complex that sol...
Investment helps Blackstone secure $3.15 billion Las Vegas casino refinancing
Deal signals institutional confidence despite market softness
Realty Income has agreed to make an $800 million preferred equity investment in Blackstone's Aria Resort & Casino and Vdara Hotel & Spa, setting up a multibillion-dollar refinance ...
EQT achieves one of year’s largest industrial sales as part of massive portfolio shuffling
Logistics giant has sold 13.2 million square feet while acquiring newer top-tier properties
EQT Real Estate has been selling older industrial properties and acquiring new ones with more modern specifications fit for the logistics industry. In so doing, it completed one of...
Manulife US REIT seeks approval to diversify away from offices
Debt-heavy firm seeks sales to fund buying industrial, multifamily and retail assets
Manulife US Real Estate Investment Trust is asking shareholders to approve a restructuring plan that would transform the struggling office real estate investment trust into a diver...
US commercial real estate prices rise, extending recovery trend
Past five months of CoStar data through October signals stabilization
U.S. commercial real estate prices climbed in October, extending multiple gains over the past five months in a sign of stabilization after years of decline.
FHFA boosts Fannie, Freddie apartment lending caps by 20%
Government-backed loan purchases set at $88 billion per enterprise as markets recover
Federal regulators have increased multifamily loan purchase caps for Fannie Mae and Freddie Mac by $15 billion each for 2026, signaling expectations for a robust recovery in apartm...
Lument prices $664 million securitization backed by multifamily loans
Los Angeles student housing complex anchors bond offering
Lument Finance Trust has priced a $663.8 million commercial real estate collateralized loan obligation backed predominantly by multifamily properties.
Office landlord Franklin Street Properties pursues debt refinancing
Massachusetts-based REIT faces $248.9 million maturity next year
Franklin Street Properties is negotiating with a prospective lender to refinance its entire $248.9 million debt as the struggling office real estate investment trust moves closer t...
EQT sells 4.2 million square feet of US logistics properties
Investment firm cashes out as industrial vacancy has risen this year
EQT Real Estate has completed the sale of two U.S. logistics portfolios totaling 4.2 million square feet across 33 properties, marking a strategic exit after working to improve the...
KSL refinances 3,028-room hotel portfolio across 13 states
Deal demonstrates CMBS appetite for sector debt despite volatility
Private equity firm KSL Capital Partners has secured $553 million in financing for a 23-property hotel portfolio, marking its second major hospitality refinancing this fall.
Broad Creek Capital launches $150 million multifamily fund with North Carolina acquisition
DC-based investment firm sees ‘compelling’ time to buy apartments
Broad Creek Capital has completed the first fundraising round for a $150 million multifamily investment fund and acquired its inaugural property.
CMBS market projected to grow 20%; Debt trouble returns for mall portfolio; Loan payoffs plunge
A weekly look at the commercial mortgage-backed securities business
This week's column examines a $200 billion target for the CMBS market next year, a regional mall portfolio's debt trouble returning and a sharp drop in loan payoffs. Read the entir...
Blue Vista Capital launches $600 million venture to buy self-storage properties
Move follows other recent investments as analysts signal sector's turnaround
Investment firm Blue Vista Capital Management, an affiliate of banking giant UBS and Extra Space Storage have formed a $600 million venture to acquire self-storage properties natio...
HKB completes $73.5 million refinancing after hotel turnaround
Investment firm converts distressed assets into performing portfolio following 2022 acquisition
HKB Investment Group has landed a $73.5 million financing deal for seven hotels, marking the completion of a turnaround strategy that transformed the properties into premium-brande...