News/Events
The AI Infrastructure Industry Has Entered Its Coordination Crisis
A data center can now be built in 18 months. The transformer that powers it can take as long as four years to arrive. And the transformer is only one of the clocks that has to line up. Power, cooling, electrical equipment, permitting, construction and utility upgrades all operate on different timelines. Those timelines were…
Steve Wylder On Safehold’s Plan to Fill Affordable Housing Capital Gaps
Safehold has spent nearly a decade modernizing the ground lease strategy of owning the land underneath a development to reduce costs for builders and users. More recently, the real estate investment trust started using the strategy to help affordable housing developers close increasingly stubborn gaps in their capital stacks. The company launched a dedicated affordable…
Blackstone Sells Fort Lauderdale Industrial Campus for $57M
Blackstone’s industrial arm has sold an industrial campus in Fort Lauderdale, Fla., for $57 million. Industrial investor BKM Capital Partners and Boca Raton-based Kayne Anderson Real Estate purchased the seven-building property at 2201, 2301 and 2381 Stirling Road, less than a mile west of Interstate 95, near the Dania Pointe retail complex. The 210,000-square-foot campus,…
Affinius Capital Provides $95M Construction Loan for Oregon State Student Housing
Fields Holdings has secured $94.8 million in construction financing to build Zev Corvallis, a 13-story, 262-unit student housing complex on the campus of Oregon State University in Corvallis, Ore., Commercial Observer can first report. Affinius Capital provided debt. No broker was listed on the transaction. Tyler Figley, Affinius Capital senior vice president, noted in a…
Record Diesel Prices Fuel More Challenges for Retail Real Estate
When it comes to diesel prices’ impact on U.S. retail, the pain at the pump is being felt in retailers’ real estate strategies. Diesel fuel, a key component of transportation costs that impacts the pricing of nearly every item on Americans’ shopping lists, surpassed an all-time average high of $6 per gallon in September. Businesses…
U.S. Government Buys SoCal ICE Complex for $950M
GEO Group has sold a three-property immigration detention complex in Southern California’s Inland Empire for $950 million to the federal government for the U.S. Immigration and Customs Enforcement (ICE). The Boca Raton, Fla.-based prison operator sold two ICE processing centers, one with 1,280 beds and another with 660 beds, as well as the 704-bed Desert…
Chicago Leads CMBS Distress Among 11 Metros in MLB Playoffs
Both the Chicago Cubs and the Chicago White Sox reached Major League Baseball’s 2026 postseason, but the owners of the city’s office towers in the commercial mortgage-backed securities (CMBS) market have not earned similar success. In fact, Chicago is the weakest real estate market in this year’s MLB playoffs. In July, the $536 million loan…
Canyon Adds Chad Goodman From Related as Head of Eastern, Central Region Credit
Canyon Partners Real Estate is expanding its credit platform with the addition of Chad Goodman from Related Fund Management to lead opportunistic organizations across the Eastern and Central U.S., Commercial Observer can first report. Goodman joined Canyon’s New York office as head of eastern and central region credit after spending the last six years at…
The Hekemian Group Scores $45M Recap From RXR, North Carolina Investment Authority
The Hekemian Group has secured a $45 million loan to recapitalize District Montvale, a 308-unit multifamily property that opened in 2022 and is part of the larger DePiero Farm master development in Montvale, N.J., Commercial Observer can first report. RXR and the North Carolina Investment Authority (NCIA) provided the debt, which comes out of RXR…
