REITs see few federal office lease cancellations so far
Publicly traded office property owners still face volatile stock market
The Trump administration’s efforts to shrink the federal government has so far touched about a dozen real estate investment trusts, but in a small way.
Real estate attorney Jay Epstien's impact extends beyond retirement
Retired DLA Piper lawyer to receive award from American College of Real Estate Lawyers
Even in retirement, Jay Epstien continues to gain accolades for his support of the commercial real estate law profession.
TPG raises lending capital through mortgage-backed bonds
Firm’s $1.1 billion offering is latest in active market
TPG Real Estate Finance Trust is building up its lending capacity by taking advantage of the surging market for real estate debt.
CMBS lenders return to office sector; Another downgrade for loan backing Philadelphia’s largest office complex; Denver tower faces new appraisal
A weekly look at the commercial mortgage-backed securities business
This week’s column examines CMBS lenders returning to the office sector, a downgrade of debt on Philadelphia’s largest office complex and a Denver tower facing a new appraisal. Rea...
Ambrose raises $400 million for industrial development fund, its largest to date
Indianapolis company frequently develops build-to-suit distribution centers for Amazon
An Indianapolis-based developer behind several Amazon distribution center projects has pulled in $400.7 million for its latest development fund, its largest to date.
Hillpointe raises $750 million for workforce housing fund
Florida developer targets 30 Sun Belt apartment projects
Hillpointe, a Florida-based multifamily developer, held final close for its fifth residential housing development fund, raising $750 million.
Banks’ commercial property loan delinquency hits 10-year high
Charge-offs hold steady, signaling reluctance to take losses
U.S. banks reported the highest percentage of delinquent commercial real estate loans in 10 years for the fourth quarter, according to Federal Reserve data.
Blackstone real estate debt fund closes with $8 billion in commitments
Private equity giant sees growing interest in global lending
Blackstone has closed its most recent real estate debt fund, Blackstone Real Estate Debt Strategies V — one of the largest private commercial property lending sources in the world ...
Principal Asset, CIM Group ventures haul in billions of dollars targeting US data centers
New capital raises to support $12 billion in development around the country
A pair of joint ventures are the latest to haul in billions of dollars targeting U.S. data centers as investment capital and loans flow into the sector.
CMBS exposure to nixed federal leases tops $1.4 billion; Troubled LA property put up for sale; Loan servicer Trimont expands
A weekly look at the commercial mortgage-backed securities business
This week’s column examines lenders' exposure to U.S. office lease terminations, a troubled Los Angeles office tower put up for sale and Trimont’s growth as a special servicer. Rea...
US has now canceled about one in 10 active federal commercial real estate leases
Department of Government Efficiency terminations double in less than a week
The Trump administration over the weekend further accelerated its pace of commercial real estate lease terminations for federal agencies, spreading the scrapped agreements to all 5...
Federal government ramps up lease cancellations nationwide
Only Indiana, Rhode Island have had no government leases canceled so far
The Trump administration has grown more aggressive in canceling commercial real estate leases for the federal government in recent weeks and is ramping up an even wider shift in fe...
Commercial property prices show signs of stabilizing
Sales increase as buyers and sellers move closer on values, CoStar data shows
New signs are emerging of a possible bottom to a more than two-year run in commercial property price declines.
Debt servicers turn pessimistic; LA studio set for loan renewal; Morning show farewell triggers downgrade
A weekly look at the commercial mortgage-backed securities business
This week’s column examines loan servicers turning more pessimistic, a potential loan extension for a CBS studio in Los Angeles and a loan downgrade tied to the departure of “Good ...
Investor Goodman pays $131 million for Phoenix apartments
Related sells 388-unit luxury complex in market supporting $65 billion microchip plant
Goodman Real Estate has acquired the luxury Mediterranean-styled Town Deer Valley Apartments in Phoenix. The developer, Related Group, and its partner, Boston-based Rockpoint, sold...
Global Net Lease to sell shopping center portfolio for $1.8 billion
REIT strikes deal as it shifts to own primarily single-tenant properties
Publicly traded real estate investment trust Global Net Lease is plowing ahead with a disposition strategy launched last year, reaching a deal to sell 100 properties for $1.8 billi...
Blackstone buys into a new property type with $5.65 billion marina deal
Sun Communities agrees to sell Safe Harbor as adverse weather eats into profits
Private equity giant Blackstone is buying into a new real estate asset class with a $5.65 billion deal to acquire Safe Harbor Marinas, owner of 138 boat docking facilities in U.S. ...
Biotech lease marks Cambridge, Massachusetts’ largest office deal in a year
Intellia plans to consolidate locations, shrink space overall
Intellia Therapeutics has signed the largest office lease in nearly a year in the biotech-heavy Cambridge, Massachusetts, market.
Apollo bolsters credit business with $1.5 billion deal in bet on more industry dealmaking
Bridge Investment purchase adds loan capability and multifamily, industrial property portfolio
Global alternative asset manager Apollo agreed to buy commercial property owner and lender Bridge Investment Group for $1.5 billion as more commercial property companies prepare fo...
Goldman Sachs leads $2 billion loan as lenders pile into Blackstone’s QTS data centers
Offering brings asset manager’s CMBS data center backing to more than $8 billion
Lenders including Goldman Sachs are going to market next month with the sixth mortgage-backed securities offering tied to Blackstone-controlled data centers, an endorsement of the ...