Universe Holdings Development Acquires Park Encino Apartment Complex for $28M
Universe Holdings Development purchased the 52‑unit Park Encino apartment complex in Encino for $28 million, marking the first core‑plus multifamily sale of 50‑plus units in the area since 2017. Marcus & Millichap’s Institutional Property Advisors represented the seller and facilitated the transaction, while its financing team arranged the acquisition financing.
Fibra MTY to Acquire Fibra Macquarie in $1.7B Deal
Mexican REIT Fibra MTY announced it will acquire fellow REIT Fibra Macquarie in a transaction valued at about $1.7 billion. The acquisition follows shareholder approval, with over 80% of Fibra Macquarie’s shares tendered. The deal consolidates the two real‑estate trusts and...
CoStar Group to Acquire Homebuilding Data Platform Zonda for $800M
CoStar Group announced it has entered into a definitive agreement to acquire Zonda, a provider of new home construction data and marketplaces, for $800 million in cash. The acquisition expands CoStar's real‑estate data offerings into the homebuilding segment, adding Zonda’s...
Related and Oxford Properties Secure $1.4B Refinancing for 10 Hudson Yards
10 Hudson Yards, owned by Related Companies and Oxford Properties, secured a $1.4 billion refinancing led by Wells Fargo with participation from Goldman Sachs, according to Bloomberg. The loan is tied to the renewal of L’Oréal USA’s lease on the tower. The deal underscores...
Kite Realty Group Acquires Chastain Market for $71M
Connolly and Coro Realty Advisors sold the 121,000‑sq‑ft Chastain Market shopping center in Sandy Springs to Indianapolis‑based Kite Realty Group for $71 million, a 75% increase over the $40.5 million purchase price in 2022. The sale, recorded in Georgia court filings on...
Benefit Street Partners Provides $82.1M Debt Financing for Crescent Communities & FCP’s Render Legacy Trail Refinancing
Benefit Street Partners funded an $82.1 million three‑year loan, with two one‑year extension options, to refinance the 450‑unit Render Legacy Trail multifamily property owned by Crescent Communities and FCP in Sarasota County, Florida. The refinancing was arranged by Berkadia and supports...
Ariel Property Advisors' Capital Services Group Closes $17M in Condo Construction Loans
Ariel Property Advisors' Capital Services Group closed three private‑lender loans totaling over $17 million to finance condo construction projects in Brooklyn and Queens, including a $6.85 M loan for an eight‑unit development in Long Island City, a $5.5 M loan for a 24‑unit...
Lion Real Estate Group Closes $35M Marble Partners Fund I
Lion Real Estate Group announced the closing of its inaugural institutional fund, Marble Partners Fund I, which raised $35 million and leveraged co‑investment equity to $200 million for acquiring $505 million of value‑add multifamily properties across Texas, the Southeast and...
UBS Commits Over $174M to Empira German Residential Fund
Swiss bank UBS has pledged more than €158 million (approximately $174 million) to the Empira German Residential Fund, which plans to build a seed portfolio across Germany’s seven largest cities. The commitment bolsters the fund’s capital for residential real estate...
MRR Development Secures $135M Israeli Bond Financing for NYC Hotel and Miami Development
Rotem Rosen’s MRR Development raised $135 million via Israeli bond financing at a 6.2% interest rate to refinance its Hotel Indigo on New York’s Lower East Side and a development site in Miami. Investors include Phoenix Insurance and Meitav, with a...
Rialto Capital Provides $118.5M Loan to Elion Partners and Kadima Industrial Partners for Philadelphia Industrial Property
Rialto Capital supplied a $118.5 million floating‑rate, interest‑only loan to a joint venture of Elion Partners and Kadima Industrial Partners to refinance a newly built 759,460‑sq‑ft industrial warehouse in Philadelphia’s Bridesburg neighborhood. The loan was sealed in a refinancing transaction...
Slatt Capital Secures $12.06M Acquisition Financing for Rohnert Park Hospitality Portfolio
Slatt Capital arranged $12.06M in acquisition financing for a two‑property, 200‑unit hospitality portfolio in Rohnert Park, comprising the Budget Inn and Rodeway Inn. The full‑recourse permanent debt financing was provided by Commercial Bank of California under an SBA 504 structure,...
TA Realty Buys Back Miami Warehouse Campus for $48M
Boston‑based TA Realty reacquired the 7.8‑acre Webster Business Park near Miami International Airport for $47.6 million from AEW Capital Management. The industrial campus, previously owned by TA Realty from 2005‑2016, was sold to AEW in 2019.
Newmark Secures $115.6M Freddie Mac Debt Financing for East Lyme Apartment Complexes
Newmark Capital Markets Strategies arranged $115.6 million of 10‑year fixed‑rate financing from Freddie Mac to refinance The Cove at Gateway Commons and Sound at Gateway Commons, two apartment complexes in East Lyme, Connecticut. The deal provides long‑term capital for the properties and supports...
Catena Acquires Helsinki Airport Logistics Asset for $52M
Catena agreed to acquire a modern logistics property near Helsinki Airport in Aviapolis, Vantaa, from Terrieri Kiinteistöt Ky, A. Ahlström Kiinteistöt Oy and S‑Pankki Tontti Erikoissijoitusrahasto for approximately SEK 575 million ($52 million). The fully leased asset serves Cramo Finland and includes...