Commercial

The 2011-completed 11 Times Square rises 40 stories in Manhattan. Image courtesy of Yardi Matrix A joint venture of PGIM Real Estate, Norges Bank Investment Management and SJP Properties Co. has obtained a $507 million loan to refinance debt associated…

Daniel Levison In today’s shifting commercial real estate environment, business owners who own and occupy their facilities are reassessing how to best position their assets. One successful strategy continues to be sale-leaseback transactions. By unlocking equity tied up in real…

Therese Fitzgerald The Fed’s decision to lower short-term rates 25 bps two weeks ago led to a burst of confidence in commercial real estate and throughout the economy. But now that the initial excitement has cooled, economists have begun focusing…

Mark Fitzgerald Private real estate valuations, especially within the ODCE universe of core, open-end funds, have come under heightened scrutiny in the current cycle. Many market participants argue that reported values have lagged true market pricing, with appraisals slow to…

The platform already owns and operates three logistics properties across metro L.A. Leased by Amazon, Goodman Commerce Center is one of them. Image courtesy of Goodman Group Major Australian pension fund manager Aware Super will acquire a 49 percent stake…

The 106,293-square-foot 5 Greenwich is one of the eight buildings in a 385,000-square-foot office campus. Image courtesy of Yardi Research Data Flex office giant Industrious has signed a 17,773-square-foot long-term lease at Fareri Associates’ 5 Greenwich in Greenwich, Conn., marking…

The 302,915-square-foot cold storage facility in Denton came online in 2023. Image courtesy of Barber Partners Barber Partners has obtained a $59.8 million loan backed by a cold storage property totaling 302,915 square feet in Denton, Texas, according to Yardi…

The largest building on the campus will total more than 300,000 square feet, with a 36-foot clear height. Rendering courtesy of Trammell Crow Co. Trammell Crow Co. has begun construction on West 101 Logistics Center, its latest project in Phoenix.…

Dollar Tree has acquired a 1.3 million-square-foot Class A industrial building at Lincoln Property Co.’s Park303 logistics park near Glendale, Ariz., for $147.1 million. It will be the company’s first regional distribution facility in the Phoenix metro. Dollar Tree acquired…

The five-story Hedwig Place came online in 2019. Image courtesy of Yardi Research Data A joint venture between Saber Street and Virtus Real Estate Capital has obtained a $41.1 million refinancing loan for Hedwig Place, a medical outpatient facility in…