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Blog
Apollo bolsters credit business with $1.5 billion deal in bet on more industry dealmaking
Global alternative asset manager Apollo agreed to buy commercial property owner and lender Bridge Investment Group for $1.5 billion as more commercial property companies prepare for a greater need for financing with prices and deals gaining steam. Apollo expects Salt Lake City-based Bridge, a manager of about $50 billion in real estate assets, to boost its capacity […]
How Trump administration policies could shape the real estate recovery
As they celebrate another quarter of surging deals, executives with the largest commercial real estate brokerages are sounding notes of caution amid what they say is growing uncertainty over the potential effects of the Trump administration’s economic policies. While optimistic that deal activity will further strengthen this year, executives for CBRE, JLL, Cushman & Wakefield, Colliers International, Newmark and Marcus & Millichap said […]
Blackstone is still bullish on real estate — even offices — despite lackluster returns
Private equity giant Blackstone said it had one of its best quarters in 2 1/2 years, but real estate was not among its better performers. The New York-based firm’s fourth-quarter results were tied strongly to its infrastructure investing, which includes data centers. However, pure real estate investments were challenged by volatility in Treasury yields and […]
Office building along Chicago River becomes largest to trade hands in city since 2018
The real estate investment firm of former NBA team owner Robert Sarver has completed a nearly $89 million purchase of a sprawling structure along the Chicago River that’s the largest office property on record to trade hands in the city since 2018. Sarver’s Arizona-based 3Edgewood earlier this month bought the approximately 1.6 million-square-foot building at […]
New analysis of LA fires reveals property damages top $30 billion
Three weeks after the onset of the most destructive wildfires in California history, a new analysis has determined that the blazes wiped out almost $31 billion in property value, including land. The findings, based on exclusive data from CoStar Group, show that lost value stems from approximately 11,200 residential and commercial properties burned in the […]
As wave of commercial loans comes due, concerns rise over tougher payment options
This month alone, $8.6 billion of commercial mortgage-backed security loans are scheduled to come due. That’s putting pressure on the property lending system after years of leniency on holders of maturing debt — and leading some industry professionals to expect an increase in foreclosures. The debt maturities on the 16 loans of $100 million or […]
Amazon picks Georgia for $11 billion investment in data centers
Amazon Web Services’ latest target in its acceleration of multibillion-dollar data center development is Georgia, where the cloud computing giant has been scooping up hundreds of acres over the past few months. AWS, a subsidiary of Amazon, plans to spend $11 billion over an undisclosed period to expand its infrastructure in Georgia to support cloud […]
Will this Chicago office sale lead to world’s tallest teardown?
Chicago’s real estate community is abuzz in recent days after word emerged that one of the city’s tallest skyscrapers is set to sell for about $70 million, a steep discount from the last time it changed hands, although the object of their chatter is not primarily the sale price. More tantalizing is the long-shot prospect […]
Home sales jump in October to mark first annual increase in more than three years
In a promising sign for the housing market, sales of existing single-family homes and condos rose nearly 3% higher than a year ago last October, marking the first annual increase in more than three years. Sales during the month also climbed 3.4% from September. That rise, combined with a growing inventory of properties for sale, […]
AvalonBay launches its first dedicated build-to-rent business to capture growing demand
On the south side of the 12th fairway at the Falconhead Golf Club just 14 miles outside Austin, Texas, terra-cotta roofs from opposing rows of newly built single-family townhouses stretch out along Ryder Gray Drive. The quiet street is ground zero in a demand shift in the U.S. rental provider industry. The development, opened in […]