Office Properties Income Trust files for Chapter 11 bankruptcy
Massachusetts REIT expects to restructure $1 billion in distressed debt
Office Properties Income Trust, owner of more than 17 million square feet of office space, has filed for Chapter 11 bankruptcy protection in a rare move from a publicly traded U.S....
Property prices decouple: Big investors return, small buyers retreat
CoStar data reveals widening gap between expensive, lower-cost US markets
U.S. commercial property prices are moving in opposite directions, with big deals in major markets rising while low-dollar deals in smaller areas fall.
EQT buys industrial properties across five US markets
Investor picks up 4.8 million-square-foot portfolio almost fully leased
EQT Real Estate has acquired an 11-building industrial portfolio totaling 4.8 million square feet across five major U.S. distribution markets.
Bridge Housing’s $175 million bond offering surpasses target
Nonprofit plans to acquire 5,100 affordable apartments on West Coast by 2027
Bridge Housing has closed on a $175 million bond offering, the largest deal of its kind in the San Francisco-based nonprofit's history, after investor demand pushed the total beyon...
New Walgreens owner Sycamore tests debt market with $490 million offering backed by stores
CMBS deal comes amid shakeout in US pharmacy sector
A new $490 million commercial mortgage-backed securities financing collateralized by Walgreens stores is coming to market amid a dramatic shakeout in the retail pharmacy sector tha...
CMBS deal signals self-storage recovery; $240 million securities deal backs data center; TPG prices seventh offering to pool loans
A weekly look at the commercial mortgage-backed securities business
This week’s column examines a Massachusetts debt deal contributing to what’s being called an emerging recovery in the self-storage sector, a $240 million offering tied to the acqui...
Landlord secures $900 million New York office refinancing after landing Stripe’s expansion
Fosun’s recent leasing surge brings building to 93% occupancy, outpacing downtown market
Chinese conglomerate Fosun International has secured a $900 million refinancing of 28 Liberty St. in New York after signing technology firm Stripe to a lease expansion.
Values plummet for distressed office properties; Mall loan losses hammer bondholders; Cleveland sale wipes out debt investors
A weekly look at the commercial mortgage-backed securities business
This week’s column examines recent appraisals showing lower values for U.S. office properties and bondholders taking losses on deals backing a New York mall and a downtown Clevelan...
Switch raises $659 million in latest data center securities deal
Offering is backed by revenue from 10 facilities serving nearly 500 customers across four states
Switch Data Centers said it closed its fourth asset-backed securities offering collateralized by revenue streams on some of its newest projects, raising nearly $659 million.
CIP Real Estate taps three Wall Street banks for $820 million industrial refinancing
Warehouse portfolio yields $192 million cash-out for borrowers
CIP Real Estate and Almanac Realty Investors have refinanced a six-state industrial portfolio through an $820 million commercial mortgage-backed securities deal that closed this mo...
Georgia data center sells for nearly 300% more than purchase price three years ago
Principal Asset Management increases power capacity during ownership, capitalizing on surging market
Principal Asset Management sold a data center in Alpharetta, Georgia, for $253 million this month, pulling in nearly four times the acquisition cost after three years of ownership ...
Stock Development refinances two Southwest Florida apartment complexes
Naples developer extracts equity as apartment markets soften
Stock Development has refinanced two recently built apartment complexes in Southwest Florida as the Naples-based developer secures financing with commercial mortgage-backed securit...
DataBank increases credit facility to $1.6 billion for data center expansion
Growing AI, cloud demand drive data center operator's latest capital raising
DataBank, a Dallas-based data center operator, expanded its credit facility from $725 million to $1.6 billion to finance data center construction in five major U.S. markets.
Brookfield nears industrial CMBS deal as its 2025 refinancing spree hits $6 billion
The $380 million loan is backed by 55 properties across five states
Brookfield has arranged a $380 million refinancing for an industrial property portfolio, marking the asset management giant's ninth securitized loan deal this year.
Greystone's $451.6 million loan offering reflects added US healthcare demand
Transaction is backed by bridge loans on nursing homes, assisted living facilities in 13 states
National finance company Greystone completed a $451.6 million commercial real estate collateralized loan obligation offering backed exclusively by healthcare properties.
Bankers expect commercial property loan growth to return
M&T Bank, PNC executives among those predicting increase in next few quarters
Cracks are starting to form in the long-frozen market for bank lending for commercial real estate.
Rent control weighs down Bronx buildings; Virginia retail center loses theater; Property stress may be plateauing
A weekly look at the commercial mortgage-backed securities business
This week's column examines downgrades of securities tied to rent-controlled New York City buildings, the loss of a theater and major tenant at a Virginia retail center, and signs ...
Two big bank lenders for commercial property see loan quality improve, office values stabilize
Wells Fargo scales back commercial property lending; JPMorgan Chase posts steady loan growth
The nation's two largest bank lenders for commercial real estate are seeing the quality of their loans improve as office valuations stabilize.
Whole Foods fetches shopping center owners higher property sale prices than rival grocers
Investors reward premium store brands
Shopping centers anchored by Whole Foods are selling for as much as four times the rate of properties anchored by mass-market rivals, according to new CoStar data.
Blue Owl to move $3.29 billion data center portfolio to new REIT
Alternative asset manager to roll 11 properties into nonlisted trust
Blue Owl Capital is forming a new real estate investment trust to expand its digital network holdings and agreed to roll 11 data centers it already controls into the new entity.