Bain Capital secures $3.4 billion for property investments
Boston firm targets industrial, medical and senior housing properties
A real estate subsidiary of Bain Capital has completed fundraising for its third flagship fund with $3.4 billion in commitments. The close marks a 13% increase over the $3 billion ...
Singapore REIT acquires DHL distribution center near Columbus, Ohio
CapitaLand Ascendas completes $95 million sale-leaseback
CapitaLand Ascendas REIT closed on a $94.5 million acquisition of a Class A logistics center near Columbus, Ohio, marking the real estate investment trust's second sale-leaseback t...
Online giant Amazon tries to choke off financing for luxury retail owner Saks Global
Fight between retailers spills beyond marathon Chapter 11 hearing
Saks Global is now battling with not only unpaid vendors but also its investor Amazon, as the online giant cries foul and tries to block financing for the luxury retailer’s Chapter...
Blackstone REIT delivers 8.1% annual gain, fueled by data centers
Company subsidiary QTS now comprises 20% of fund's portfolio
Blackstone Real Estate Income Trust delivered an 8.1% net return in 2025, marking 12 consecutive months of positive performance as the fund capitalized on surging demand for data c...
Expect more big loan pools in 2026; Loan refinances San Diego Pfizer campus; Critical refinancing tests loom
A weekly look at the commercial mortgage-backed securities business
This week's column examines the likelihood of more commercial real estate collateralized loan obligation deals in 2026, new financing for a Pfizer campus in San Diego and a critica...
Concord Hospitality secures $167 million WoodSpring Suites loan
CIM Group provides financial restructuring for extended-stay hotel portfolio
Concord Hospitality and Whitman Peterson completed a $167.67 million recapitalization financing from CIM Group on a 15-property portfolio of WoodSpring Suites extended-stay hotels.
Blackstone to finance Ahold Delhaize distribution center in North Carolina
Sale-leaseback deal backs plans for new automated grocery facility
Private equity giant Blackstone, through its credit and insurance arm, plans to invest $475 million to fund the construction of a highly automated grocery distribution center in Bu...
Realty Income, GIC form $1.5 billion North American property partnership
Deal includes a $200 million commitment with Hines in Mexico
Realty Income has formed a strategic partnership that aims to deploy more than $1.5 billion in capital and mark the real estate investment trust’s first expansion into Mexico.
Summit Real Estate wins auction for 5,200 New York rent-stabilized apartments
Israeli firm pledges to work with city to preserve affordable housing
Summit Real Estate Holdings has been declared the successful bidder for a portfolio of more than 5,200 rent-stabilized apartments across the New York City area.
Benefit Street completes $3 billion raise for real estate debt fund
Multifamily properties command primary investment focus
Benefit Street Partners has closed its second real estate opportunistic debt fund with $10 billion in investable capital.
Nation’s largest senior living operator eliminates all 2026 mortgage debt maturities
Brookdale shifts debt toward fixed-rate financing
Brookdale Senior Living has completed about $600 million in mortgage refinancings across 42 senior living properties, eliminating near-term debt maturities while shifting its capit...
Struggling downtown Cleveland hotel to close
CMBS investors face total loss on $25.4 million loan
The DoubleTree by Hilton Cleveland Downtown is set to permanently close Jan. 30, ending a yearslong struggle with declining performance and mounting debt that left the hotel unable...
Big CMBS loans face January reckoning; Clipper resolves office default; Oregon mall sale revived
A weekly look at the commercial mortgage-backed securities business
This week’s column examines $16.9 billion in CMBS debt maturing in January, a defaulted office loan resolved in New York and the revived sale of an Oregon mall. Read the entire pie...
Ace Hotel Brooklyn lands $112.5 million refinancing
Torchlight Investors provides loan
GFI Capital Resources Group and Spruce Capital Partners closed a $112.5 million loan to refinance Ace Hotel Brooklyn, positioning the property to capture growth in one of the natio...
Bankruptcy auction tests market for New York’s rent-stabilized apartments
New Mayor Zohran Mamdani had sought to delay 5,200-unit portfolio sale
A bankruptcy auction scheduled for Thursday is expected to determine the fate of about 5,200 rent-stabilized apartments across New York.
Staten Island's 1,100-unit Park Hill changes hands, set for rehab after resident complaints
New York City complex lands more than $543 million of financing
Government National Mortgage Association financed the sale of a more than 1,100-unit apartment complex on New York's Staten Island, which has long been the subject of complaints by...
Saks Global shifts leadership as it sells real estate and store brands with debt deepening
Retailer in talks aimed at shoring up finances
Saks Global Enterprises, the world's largest multi-brand luxury retailer, is shifting its leadership as it has shed real estate, closed stores and considered the sale of trophy pro...
Haymes secures loan extension on New York’s 5 Penn Plaza after leasing surge
Modification granted despite largest tenant’s planned departure
Haymes Investment Co. won a two-year extension on a $260 million loan for 5 Penn Plaza in New York after signing about 100,000 square feet of new leases there in 2025.
Alexander’s modifies $300 million loan on Bloomberg Tower retail space
Financing provides breathing room to lease 126,000 square feet in New York
New York landlord Alexander's has restructured $300 million in debt on the retail condominium portion of 731 Lexington Ave., providing breathing room to find a replacement for the ...
SL Green secures CMBS financing for $730 million New York tower purchase
Deal reflects lender confidence in prime Manhattan office market
SL Green Realty, Manhattan's largest office landlord, has locked in financing to complete its $730 million purchase of New York’s Park Avenue Tower from Blackstone, with the deal s...