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...
Data center growth could take widely divergent paths, Fed says
US central bank weighs aggressive forecast versus potential slowdown over next two years
U.S. data center construction spending could reach $360 billion to $930 billion annually by late 2027, according to new Federal Reserve projections highlighting the sector's explos...
Blackstone to buy Tokyo logistics property for $667 million
Deal highlights firm’s aggressive investment expansion
Blackstone is furthering its expansion into Japan, saying a real estate fund it manages agreed to buy the Tokyo C-NX Grade A logistics facility in central Tokyo developed by Nippon...
Sale of JCPenney store portfolio for $947 million collapses, triggering legal fight
Onyx Partners' purchase of more than 115 properties not completed by due date
A sale of more than 115 JCPenney stores around the country for $947 million to Onyx Partners has collapsed after the purchase wasn't completed by a Dec. 26 deadline.
Sale of 117 J.C. Penney stores for $947 million in danger of collapse
Onyx Partners misses deadline to close transaction
A $947 million deal to sell 117 J.C. Penney stores faces collapse after buyer Onyx Partners failed to complete the transaction by a scheduled deadline.
Chiefs call audible, will move to Kansas after scoring $4 billion stadium deal
Team owner plans $2.2 billion private investment commitment as part of move from Missouri
The NFL's Kansas City Chiefs are relocating from Missouri to Kansas after landing a $4 billion development deal anchored by a new domed stadium and training complex for the team.
Moody’s plans New York relocation to Brookfield Place, downsizing headquarters
Deal ranks as one of city’s largest 2025 office signings
Moody's plans to shrink its global headquarters in New York by nearly 25% when it relocates from the World Trade Center to Brookfield Place in 2027.
Prices for premium US properties rise while smaller assets tumble in value
Divergence surfaces with drop in new commercial construction
The U.S. commercial real estate market is experiencing a two-tier recovery, with high-value properties in major markets posting their sixth consecutive monthly gain, while the valu...
InterVest, MetroLoft land $867 million to bankroll one of the largest office-to-residential conversions in the US
Project seeks to create 1,568 apartments at 111 Wall St. in New York
InterVest Capital Partners and developer MetroLoft have secured $867 million to transform 111 Wall St. in New York into 1,568 luxury apartments, marking one of the largest single-b...
Federal Realty completes $170 million in property sales
REIT divests Maryland apartments, Connecticut shopping center
Federal Realty Investment Trust has completed the sale of two shopping centers for combined proceeds of about $170 million as the company accelerates its portfolio recycling progra...
New York office building lands $163 million loan despite high vacancy
Microsoft, Chime leases support Bromley property’s refinancing
Bromley Cos. has secured a $163.4 million loan to refinance 122 Fifth Ave., a mixed-use office and retail complex in New York's Flatiron District.
Hotels attract $6.2 billion financing wave; Bonds backing offices leased to Apple get downgrade; Affordable housing drives deal
A weekly look at the commercial mortgage-backed securities business
This week's column examines a wave of CMBS hotel deals, a downgrade for bonds backed by California office buildings leased to Apple, and affordable housing driving a $173 million F...
Goldman backs financial restructuring for five Publix-anchored shopping centers in Southeast
Investment bank partners with Branch Properties on deal amounting to $476 per square foot
An affiliate of the investment bank Goldman Sachs and Branch Properties completed a $170 million financial restructuring of a five-property, grocery-anchored retail portfolio locat...
Blackstone partners with Harvest Capital for $1 billion loan program
Deal creates ongoing pipeline to purchase commercial mortgages
A Blackstone affiliate has purchased a credit portfolio while establishing an ongoing debt acquisition program totaling $1 billion in small-business commercial real estate loans.
Norway’s giant sovereign wealth fund retools post-pandemic real estate strategy
Multibillion-dollar investor shifts target from office, industrial and retail properties
Norway’s sovereign wealth fund is overhauling its real estate investment approach as remote work and e-commerce reshape property markets globally.
RXR targets delinquent loans; CMBS stress said to intensify in 2026; Bank taps CMBS market for first time
A weekly look at the commercial mortgage-backed securities business
This week's column examines RXR's new loan servicing business, Fitch Ratings' outlook for next year and a New Jersey bank testing the CMBS market for the first time. Read the entir...
Fifth Third lands $130 million deal to boost multifamily lending
Bank seeks to write loans for a Fannie Mae government-backed securities program
Fifth Third Bancorp has agreed to acquire Mechanics Bank's Fannie Mae loan underwriting and servicing business in a $130 million transaction, marking the Cincinnati-based bank's en...
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...