Commercial

Alterra IOS, a leading player in the industrial outdoor storage sector, closed on a $343.6 million loan from Truist Financial Corp. and Bank of Montreal on behalf of Alterra IOS Venture II, a closed-end fund with $524 million in equity…

The 26-story One Madison Avenue underwent a $2.3 billion redevelopment completed in 2023. Image courtesy of Yardi Research Data Sigma Computing Inc. has signed a 64,077-square-foot lease at One Madison Avenue, a 1.4 million-square-foot office building in Manhattan. Newmark negotiated…

PAX will include three data center campuses expected to total 4.2 million square feet. Image courtesy of Pennsylvania Data Center Partners PowerHouse Data Centers has formed a joint venture with Pennsylvania Data Center Partners for the development of a $15…

One Vanderbilt, SL Green’s headquarters in Manhattan. Image by Max Touhey, courtesy of SL Green SL Green Realty Corp. has surpassed the initial target of $1 billion for its SLG Opportunistic Debt Fund, having received more than $500 million in new…

National asking cap rates for net lease assets. Table courtesy of The Boulder Group The U.S. net lease market is showing signs of stability after three years when cap rates were on an upward trajectory, according to the latest Boulder…

Encompassing seven warehouses, Park84 debuted last year. Image courtesy of JLL Bow River Capital has secured a $70.3 million refinancing note for Park84, a 605,570-square-foot industrial park comprising seven buildings in Nampa, Idaho. JLL Capital Markets arranged the debt placement.…

Welcome back to Sustainability Street, our podcast on the intersection of commercial real estate and the world we live in.  For this episode, I’m talking about mass timber construction with Varun Kohli, director of sustainability for Corgan, a global architecture…

The 12-story Maryland Trade Center III underwent a complete renovation in 2012. Image courtesy of Yardi Research Data Chicago Pacific Founders Healthcare Real Estate has acquired Maryland Trade Center III, a 192,000-square-foot medical office building in Greenbelt, Md., a Washington,…

Philadelphia’s office sector remained sluggish in the first five months of the year, according to Yardi Research Data. The metro’s investment volume year-to-date as of May reached $154 million, with assets trading for $100 per square foot on average. That…

Rene van Camp In a market flooded with options—and a workforce that no longer automatically shows up—owners and landlords are under pressure to deliver more than square footage. They have to deliver an experience. Hybrid work is here to stay.…