TPG Extends Loan On 900K SF Life Sciences Portfolio
TPG has secured a second one‑year extension on the €189 million senior loan tied to its €310 million, 900,000‑square‑foot European life‑sciences portfolio, pushing maturity to February 2027. The portfolio, consisting of eight assets in Leiden and Munich, generates €20 million of annual rent with only 3 % vacancy and an eight‑year average lease term. In January, TPG also acquired a €400 million German‑Dutch healthcare and medical‑office portfolio, expanding its Physicus platform. The loan extension is the final one possible without bondholder consent, signaling a pivotal financing decision ahead.
Watertown Square Revitalization Efforts Spark Development Interest
Watertown officials are advancing a comprehensive redesign of Watertown Square that was approved in 2024 under the MBTA Communities Law. The plan introduces by‑right zoning for more than 4,400 housing units, adds over three acres of public open space, and...
64K SF Boulder Lab Leased To Pharma Company: The Denver Deal Sheet
CordenPharma Colorado has signed a 15‑year lease for a 64,000 SF purpose‑built lab in Boulder’s Flatiron Park, expanding its peptide development capabilities adjacent to an existing manufacturing plant. The speculative building, completed in 2024, features adaptable lab grids, advanced utilities and specialized...
Warehouse Service Provider Inks 937K SF Lease In Suburban Philly
Logistics Property Co. announced that an unnamed tenant has taken the entire 937,000‑square‑foot South Penn Logistics Center in Morrisville, Bucks County. The facility, completed in June 2025, features 40‑foot clear heights, 35 kilovolts of power capacity and optional rail‑line connectivity. Its...
DML Capital Acquires Its Third Office Building Since June
DML Capital, a Houston‑based private‑equity firm, announced the purchase of 1800 Bering, a 10‑story Class‑A office tower totaling 171,000 sq ft. The acquisition marks the firm’s third Houston office deal within six months and pushes its assets under management to $600 million, up from...
Center City's Largest Office Space Slated For Resi Conversion: The Philadelphia Deal Sheet
Centre Square, Philadelphia’s largest office tower, changed hands for roughly $94 million, a steep discount from its 2017 $328 million purchase. The building’s occupancy had slipped to 37.6%, prompting the new owners, PMC Property Group and Dean Adler, to propose a mixed‑use...
L3 Capital Drops $50M On Shopping Center: The Chicago Deal Sheet
L3 Capital acquired the 3030 North Broadway shopping center in Chicago for $50.1 million, adding a 132,000‑square‑foot, five‑story retail complex anchored by a Mariano’s grocery store. The property also hosts an LA Fitness, PNC Bank, Starbucks and Fresh Dental, serving the...
Brookfield, Queensland Selling 1M SF Southern California Mall
Brookfield Properties and Queensland Investment Corp. have put the 1 million‑square‑foot Victoria Gardens mall in Rancho Cucamonga up for sale. The open‑air center posted $33.6 million cash flow in 2024 and a net operating income of $32 million in 2023, reflecting a 6 %...
NCDOT May Be Open To Burying Roadway As Part Of I-77 Expansion
The North Carolina Department of Transportation has revived the idea of tunneling sections of the I‑77 expansion after previously deeming it too costly. The $3.2 billion project will add two lanes over an 11‑mile corridor and has entered a three‑month RFP...
Lenders' Rent-Stabilized Disappearing Act, By The Numbers
Flagstar Bank, formerly New York Community Bancorp, slashed its rent‑stabilized loan originations from nearly $3.9 billion annually to just $58 million last year, mirroring a broader market contraction. Overall NYC rent‑stabilized financing fell from $27.6 billion in 2019 to under $11.3 billion in 2024,...
Chronic HPD Staff Shortage Could Hamstring Mamdani's Housing Goals
New York City’s Department of Housing Preservation and Development (HPD) is grappling with a chronic staffing shortage, leaving only two lawyers to approve pre‑construction plans and temporary certificates of occupancy for key affordability programs. Vacancies now affect roughly 14% of...
New State Capital Partners Acquires Vast Coworking Group
New State Capital Partners, a New York‑based private‑equity firm, announced the acquisition of Vast Coworking Group from United Franchise Group. Vast operates more than 200 coworking locations under the Venture X, Office Evolution and Intelligent Office brands, covering roughly 2.7 million square feet and...
Blackstone Makes £100M Investment In London Family Club Operator
Blackstone has committed more than £100 million to London‑based family club operator OurHouse, backing its next phase of growth. The funding will support the launch of three new locations in East Sheen, Clapham and Chiswick, each housed in repurposed commercial buildings....
In A First, BXP Sells Digital Property Rights
Boston Properties (BXP) completed a landmark December sale of its 409,000‑square‑foot Needham, Massachusetts campus, incorporating the first recorded transfer of digital property rights via a blockchain transaction on the Digital Rights Network. The $132 million deal, finalized with Lincoln Property Co....
Sprouts Coming To Vacant Highland Park 99 Cents Only Store
Sprouts Farmers Market has signed a lease for the former 99 Cents Only store at 6235 York Blvd. in Highland Park, Los Angeles, with plans to open a new grocery outlet in 2027. The existing 21,000‑square‑foot building will be demolished and...
Multifamily Lender Says Texas ICE Raids Taking Bite Out Of Occupancy
Arbor Realty Trust, a major multifamily bridge lender, reported that ICE immigration raids have sharply reduced occupancy in its REO apartment assets, now averaging 45% occupancy. The enforcement actions have hit properties in Houston, San Antonio, Dallas, Atlanta and parts...
Chicago Industrial Is Having A Moment — Some Investors Want In
Chicago’s industrial market is demonstrating steady fundamentals, with vacancy holding at 4.6% in 2025 and leasing activity climbing to 40.5 million sq ft, while rents rose 4.6% to $8.97 per sq ft. Mid‑market investors Matterhorn and SparrowHawk each secured $300 million in equity, giving Matterhorn...
Coliving Developers Are Finding Funders — But They May Have To Wait For Profits
Institutional investors are increasingly financing UK coliving projects, especially in London, with typical deal sizes of £50‑150 million. Developers are now required to contribute meaningful equity, pushing any profit upside to the back‑end and tying returns to IRR hurdles. The funding...
Walker & Dunlop Dismisses A Banking Team After Fraud Investigation
Walker & Dunlop dismissed members of its banking staff after an internal investigation revealed approximately $134 million in Freddie Mac multifamily loans were affected by borrower fraud, leading to a $29 million loss expense in Q4. The review also uncovered an additional $34 million...
NewMark Merrill Building Retail Center: The Los Angeles Deal Sheet
NewMark Merrill, World Premier Investments and R.Y. Properties secured entitlements for Desert Sky Plaza II, a 30‑acre, 297,000‑sq‑ft retail center in Victorville anchored by Target and Burlington. The project, slated to break ground in Q2 2026 and open in fall...
'Return To An Office': DFW's RTO Push Is Fueling Coworking Boom
Dallas‑Fort Worth is emerging as a national leader in the return‑to‑office (RTO) movement, with office visitation climbing to 87% in October and core submarkets surpassing pre‑pandemic levels at 106%. The surge has sparked a coworking boom, adding 13 new spaces...
As 'Shockwaves And Shenanigans' Recede, Investors Move Fast To Snap Up UK Retail Bargains
UK retail property is re‑emerging as a high‑yield asset class, with prime shopping centre yields near 8% and secondary assets offering double‑digit returns. Transaction volumes in 2025 were modest at £5.83 bn, but the market saw a flurry of marquee deals,...
Camber Property Group Sells Rent-Stabilized Portfolio For $80M
Camber Property Group sold a rent‑stabilized Brooklyn portfolio for $79.9 million, nearly matching its 2020 purchase price of $81.5 million. The eight pre‑war buildings comprise 387 units and benefit from a Section 610 rent‑subsidy amendment and a 40‑year Article XI tax abatement. The deal...
Hudson Pacific Posts $278M Loss Despite Leasing Bump
Hudson Pacific Properties posted a Q4 net loss of $277.9 million despite a revenue increase to $256 million, driven partly by a termination fee from Riot Games. The REIT signed 518 K SF of leases, lifting office occupancy to 76.3% and moving its leased‑percentage...
Pilot Program Seeks To Turn Working-Class Homebuyers Into Senior Housing Landlords
NewCourtland is allocating $2 million to build at least seven mixed‑age homes on Philadelphia’s Bonsall Street, each featuring accessory dwelling units (ADUs) for seniors. Working‑class buyers will purchase the main units, receive down‑payment assistance, and rent the senior ADUs, creating a...
2Life CEO To Retire, Leaving Behind A Legacy Of Senior Housing Advocacy
Amy Schectman announced her retirement as CEO of 2Life Communities, ending a 16‑year tenure that saw the nonprofit double its senior‑housing portfolio and secure $130 million in tax‑exempt bonds for affordable projects. Under her leadership, senior‑housing transaction volume rose 30% year‑over‑year...
Mixed-Use Development Coming To Historic Silo Site In West Houston
Moody National Development broke ground on Silo Springs, a 346‑unit apartment complex that will incorporate the historic Shadowdale grain silos on a 17‑acre West Houston site. Phase 1 features five‑story multifamily housing, a six‑story parking garage, and a refreshed silo façade...
Jamestown Joins Bid To Lure NHL Team To North Point Mall
Jamestown has been tapped by New York Life to redevelop Alpharetta’s North Point Mall into a mixed‑use entertainment district anchored by a 17,000‑18,000 seat arena that could host an NHL expansion franchise. The developer will conduct feasibility studies, manage the...
S&P Downgrades REIT, Citing $2B Of Upcoming Debt Maturities
S&P Global downgraded Service Properties Trust (SVC) to B‑ from B, citing $2 billion of debt maturing over the next two years. Roughly 40% of the REIT's capital structure faces imminent repayment, raising liquidity and covenant concerns. The company sold 112...
Construction In Top Data Center Markets Slows For First Time In Years
Data‑center construction in North America’s eight primary markets fell to 5,994 MW at the end of 2025, marking the first year‑over‑year decline since 2020. Vacancy in these hubs is a historic low of 1.4%, while rent for 3‑10 MW spaces jumped 12.5%...
Koll Co. Buys $21.5M Centennial Manufacturing Property: The Denver Deal Sheet
Koll Co., a California‑based real estate firm, acquired the 112,500‑square‑foot Plastic Molding Technology plant in Centennial for $21.5 million. The single‑tenant warehouse sits on 7.4 acres and features a 6,000‑amp electrical system designed for precision manufacturing. This purchase follows Koll’s 2025...
Planet Fitness Plots Course For Almost 200 New Locations In 2026
Planet Fitness announced plans to open between 180 and 190 new clubs in 2026, mirroring its 2025 expansion of 181 locations. The chain ended 2025 with 2,896 clubs worldwide and expects most of the 2026 openings to occur in the...
Aimco Sells Apartment Complex For $69M: The South Florida Deal Sheet
Denver‑based Apartment Investment and Management Co. (Aimco) has sold its 372‑unit Plantation Gardens Apartment Homes in Plantation, Florida, to Harbor Group International for $69 million. The buyer also assumed the property’s $60 million Fannie Mae mortgage originated by JLL Real Estate Capital. The...
Dallas Apartment Tower Sells To Kushner Cos.: The DFW Deal Sheet
Kushner Cos., the family firm of Jared Kushner, purchased the 28‑story, 330‑unit Eastline Residences luxury apartment tower in Dallas from Convexity Properties. The high‑rise has sustained roughly 95% occupancy since its 2021 delivery and posted about 4% rent growth over...
Town Lane's ShopOne Platform Acquires 2 Shopping Centers In Raleigh-Durham Region
Town Lane, the real‑estate firm founded by former Blackstone executive Tyler Henritze, has expanded its ShopOne platform by acquiring two suburban shopping centers in the Raleigh‑Durham area for over $15 million. The 55,000‑sq‑ft New Hope Plaza and the 63,000‑sq‑ft Creedmoor Commons...
Hines Sells Bond Street Trophy For £195M
Hines has sold the mixed‑use 80 New Bond Street building in London’s West End for £195 million, delivering a net initial yield of 3.7%. The buyer, Allwyn – the Czech company that operates the UK National Lottery – acquired the 41,000‑square‑foot...
Nursing Facility Sells For $79M: The D.C. Deal Sheet
BridgePoint Healthcare sold its skilled nursing facility at 4601 Martin Luther King Jr. Ave. SW in Washington, D.C. to Hill Valley Healthcare for $79 million, a dramatic increase from the $8.5 million price in 2014. Hill Valley financed the purchase with a...
Novare Closes Out Its SkyHouse-Branded Apartment Tower Era With Buckhead Sale
Novare Group sold its last SkyHouse‑branded asset, the 26‑story SkyHouse Buckhead in Atlanta, for $83.4 million, ending its ownership of the 18‑tower SkyHouse program. The tower, built in 2015 with Ackerman & Co., NGI Investments and Batson‑Cook, was a flagship Class‑A multifamily project...
Hulking Wilmington Office Slated For Resi Conversion Following Life Sciences Firm's Exit
Buccini Pollin Group has purchased the 500,000‑square‑foot Bracebridge office complex from life‑sciences firm Incyte, announcing a mixed‑use redevelopment that will add residential units above ground‑level office and retail. Incyte will retain an 80,000‑square‑foot lease, while the developer aims to finish construction...
PMG To Build Another Supertall Next To Waldorf Astoria
Property Markets Group (PMG) announced a 90‑story, 985‑foot Delano‑branded condo tower at 400 Biscayne Blvd., adjacent to its 1,096‑foot Waldorf Astoria development in downtown Miami. The 421‑unit project will launch sales in March with prices starting at $800,000, offering studios...
Host Hotels Sells 2 Four Seasons Properties For $1.1B
Host Hotels & Resorts sold its Four Seasons Resort Orlando and Four Seasons Resort & Residences Jackson Hole for a combined $1.1 billion, exceeding the $925 million it paid for the assets. The transactions, likely to BDT & MSD Partners, required no major capital...
Capital Shift: Office-To-Residential Conversions Accelerate In The DMV
Office‑to‑residential conversions are rapidly reshaping the DMV, with more than 6,500 residential units now in the pipeline. The region needs roughly 320,000 housing units by 2030, leaving a shortfall of about 100,000 units that obsolete office space can help fill....
