Australia’s Lendlease sells US military housing operations
Guggenheim entity to manage portfolio of 32,000 housing units, 12,000 hotel rooms
Sydney, Australia-based Lendlease has completed the sale of its U.S. military housing unit operation that oversees more than 32,000 residences and more than 12,000 hotel rooms acro...
Large deals push US commercial property prices higher
Industrial values lead gains in both small and large markets, CoStar report shows
U.S. commercial real estate sales prices improved in the fourth quarter for large-dollar deals in major markets.
Provident Resources buys student housing complex in Orlando, Florida, supported by growing enrollments
UnionWest at Creative Village sells for $126.5 million
Provident Resources Group has completed a $126.5 million acquisition of a mixed-use student housing project in Orlando, Florida, with financing coming from publicly issued bonds.
Blackstone is still bullish on real estate — even offices — despite lackluster returns
Data center-related investing boosts bottom line
Private equity giant Blackstone said it had one of its best quarters in 2 1/2 years, but real estate was not among its better performers.
Owner of New York’s MetLife Building looks to pay off $1.4 billion property loan
Bank of America, Wells Fargo agree to finance tower again
For the second time in a week, lenders have stepped up to finance an office property on New York’s Park Avenue.
New owner wins reprieve on Virginia office loan; Connecticut mall value falls; Debt relief in Long Island City
A weekly look at the commercial mortgage-backed securities business
This week’s column examines a reprieve for $691 million in debt tied to an office portfolio in Arlington, Virginia; a Connecticut mall’s declining value; and debt relief for an off...
Cheap AI could be good for real estate
Low-cost innovations from China’s DeepSeek are expected to fuel data storage demand, property pros say
Chinese upstart DeepSeek’s arrival on the artificial intelligence world stage has upended technology giants, at one point slashing more than $1 trillion in value from stock market ...
EQT shuts down US multifamily fund as it ramps up industrial purchases
Swedish investment giant rebrands global real estate operations
Swedish investment giant EQT has shut down its U.S. multifamily fund amid trouble raising cash.
Deal volume in 1031 property exchanges falls to 12-year low
High interest rates have restricted popular tax-advantaged deals
Years of high interest rates have taken their toll on 1031 exchange transactions, deals popular in commercial real estate because they let investors defer capital gains taxes when ...
Park Avenue office building secures $500 million refinancing
Plaza District has been a bright spot in New York’s leasing rebound
Fisher Brothers has landed a half-billion-dollar refinancing for its 299 Park Ave. building located in a market that's leading a rebound in New York office leasing.
Short-term property financing surges at nonbank lenders
At $4.43 billion, early 2025 lending already surpasses last year's entire first-quarter total
Short-term property lending by nonbank lenders is surging, with the financing less than a month into this year already outpacing the entire first quarter of 2024.
Berkshire, Limekiln joint private lending venture readies $1.27 billion bond offering
MF1 REIT deal includes recently originated apartment loans
Fresh off pulling in nearly $2 billion for multifamily lending, MF1 REIT is preparing to go to market to sell investors bonds backed by $1.27 billion in recently originated loans.
Harrison Street pulls in $600 million for data center investments
Chicago-based investment manager completes dedicated fund’s capital raise
Investment manager Harrison Street Realty Capital has finished raising money for its first fund dedicated solely to data centers.
Blackstone’s BioMed readies $765 million CMBS refinancing deal
Developer to tap debt market for offering backed by eight life sciences properties
BioMed Realty, a life science developer owned by investment giant Blackstone, has arranged for a $765 million refinance of a 1.3 million-square-foot office and flexible property po...
Bay Area apartments face foreclosure; Simon mall refinancing package leads new offering; Three major January defaults
A weekly look at the commercial mortgage-backed securities business
This week’s column examines a possible foreclosure for San Francisco’s largest apartment complex, a new CMBS deal to refinance a Simon Property Group mall in California and default...
Court order leads to $115 million Pennsylvania industrial campus sale
Jeld-Wen sells millwork facilities to competitor
Jeld-Wen Holding, a global manufacturer of building products, completed the sale of a four-building industrial and office campus in north Pennsylvania in a court-ordered divestitur...
Chetrit refinances 427-room Empire Hotel in New York
Benefit Street provides $135 million to repay $162.6 million in debt
Chetrit Group has cleared up a $162.6 million loan maturity default on its Empire Hotel in New York with new, smaller financing.
Banks look ahead to renewed lending as commercial property loan portfolios improve
Declining levels of distressed debt feed optimism
The largest national and regional U.S. banks are steadily balancing their commercial real estate lending portfolios through fewer loan originations while seeing balances of distres...
Jamison faces more LA loan trouble; Data centers to see boost in bond financing; Office loan defaults surge
A weekly look at the commercial mortgage-backed securities business
This week's column features the dim prospects for an LA office loan, a forecast for bonds backing data centers and a late surge in delinquent office loans. Click "read more" to see...
Wells Fargo weathers office loan struggles as weakness persists
Largest US banks are equipped to handle losses, analysts say
Troubled property loans are still causing pain for the second-largest U.S. commercial real estate bank lender, offering an initial glimpse of the state of financial markets to begi...