Institutional real estate funds that were raised between 2019 and 2021 so far have returned 1519% of the cash their investors plowed into them, according to Preqin Distributions to paid-in capital, or DPI, varies across strategies and fund...
The Real Deal Extell Development has acquired the development site at 405-417 Park Ave, between 54th and 55th streets, in Midtown Manhattan for $500 million The New York developer purchased the site from a venture between GDS Development and Swedish...
Philadelphia Business Journal Goldenberg Group is offering for sale Water Tower Square, a 269,000‑square‑foot shopping center in Lansdale, Pa, for sale The suburban Philadelphia company has tapped CBRE to market the fully occupied property,...
S3 Capital has completed capital raising efforts for its latest debt fund, S3 LP RE Credit Fund III The New York investment manager raised a total of $132 billion, with $465 million of that through a co-investment vehicle The closed-end fund, with a...
Commercial Real Estate Direct Staff Report Vornado Realty Trust’s plans to redevelop its 585,000-square-foot office building at 350 Park Ave in Midtown Manhattan into a 17 million-sf structure that would house Citadel Enterprises...
Commercial Real Estate Direct Staff Report The commercial real estate sector has become increasingly bifurcated Class-A properties, even offices, are doing quite well Others: not so much That was the meat of the discussion at the Bifurcation and...
Commercial Real Estate Direct Staff Report Lenders of all stripes are bullish They’ve got plenty of capital to lend and property owners have accepted the fact that interest rates will remain higher than what became the norm until late 2022 But...
Washington Business Journal A venture of Hoffman & Associates, Snell Properties, and Mitsui Fudosan America Inc has lined up $195 million of construction financing to build 4600 Fairfax, a 420-unit apartment project in Arlington, Va The...
Washington Business Journal An affiliate of Broadshore Capital Partners has put One Union Center, a 190,200‑square‑foot office building in Washington, DC, on the sales market JLL has the listing for the 11‑story property, at 810 First St NE,...
Commercial Real Estate Direct Staff Report Weak demand for space from biotechnology companies helped contribute to a drop in the occupancy rate of Alexandria Real Estate Equities Inc’s portfolio to 877% in the first quarter from 917% a year...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
