Capital & Deals

Blackstone paid $99.6M for a 134,200 SF Sunnyvale R&D building leased entirely to Nvidia through 2036, more than triple the seller's 2023 price.

A five-bank syndicate is pricing $1.7 billion of floating-rate debt against 19 million square feet of warehouse space, and pulling $105 million back out for BREIT along the way.

Brookfield's GGP is refinancing the 2.4M SF Oakbrook Center mall with an $800M CMBS loan, retiring a $700M loan and pulling out $65M in equity.

Safe Harbor plans to reopen the 45-key Tides, shut since 2017, after a $10,300 auction bid. County records show the title transfer and a $6.6M 2026 assessment.

TYKO Capital lent Terra $507M for 1250 West Avenue, a 28-story, 106-home Miami Beach bayfront condo: about $4.8M of debt per home, before sales open.

South Florida's biggest deeds dated Sept. 23 to 30: Airpark Plaza at $83.3M, a $48.6M Doral industrial sale and a $44.3M Wynwood hotel.

Eight deeds on ACRIS add up to $14.0M for two Midtown lots, and the 2004 price on the smaller one has doubled.

A Kadima Industrial Partners entity sold four Staten Island lots on South Avenue and Industry Road for $167,125,000, about $86.8M above its 2021 cost.

The owner bought the landmarked office building in December 2021. Its new loan paperwork is now 1.7 times that price.

The largest pure-play infill Southern California industrial owner just wrote down its own portfolio. Cash rents on renewals are down 11.3 percent.

Even trophy beachfront hotels are getting pulled into workout, and the fight is over loan terms, not performance.

Mid-Wilshire office is repricing to land value, and the lender is now the one deciding what happens next.

A full-building backfill of a Google exit is the cleanest evidence yet that Silicon Valley's best office stock is clearing.

A 112-acre infill megasite edges toward a clean owner, on terms where the city lends the buyer most of the money.

Google keeps shedding Bay Area office space, and this time a hockey team is the buyer.

GI Partners paid $750M for a 189,240-sf Elk Grove Village data center, about $3,963 per sf, a record price for the O'Hare-area submarket.

The lenders underwrote leasing momentum and sponsor strength over a clean occupancy stack, on a complex where nearly half the rent roll turns over during the loan term.

When buying beats building, the math bends toward existing towers, and Chicago's supply drought makes them scarce.

A clean read on the office bifurcation: new, fully leased, blue-chip-tenanted space trades near replacement cost while commodity space languishes.

The buyer says the deal triples its Dallas-Fort Worth communities. It did not disclose a price, a lot count or a community count.

The borrower is AREIT Dallas CityLine LLC. The record carries a loan amount but no purchase price.

A $522M deed of trust to BNP Paribas, recorded Oct. 5 in Dallas County, lists seven MQMF borrower entities and a Dallas apartment legal.

An owner-user, not a fund, set the benchmark at $215 a foot. That is the trophy-office recovery, such as it is.

A Houston office park changes hands out of bankruptcy, a reminder that distress is still clearing the market's weakest assets.

The 176-unit Civic Lofts changed hands for $30 million, less than half the $63 million paid at the 2021 peak, as rising vacancy resets values in Denver's core.