Commercial real estate news: office, retail, industrial and multifamily trends, adaptive reuse, leasing, and investment across U.S. markets.
The multifamily lender halted its common dividend as non-performing bridge loans rose to $647.6 million and it booked $53 million in new loan-loss provisions.
BXMT added $264.8 million to loan-loss reserves, sold nearly $1 billion of loans at 93 cents on the dollar and reset its quarterly payout from $0.47 to $0.30.
ACORE Capital closed ACORE Opportunistic Credit II at $1.1 billion, above its $1 billion target and more than four times its predecessor, and has already committed $400 million across 14 deals.
JLL’s third-quarter revenue rose 12% to $7.3 billion as U.S. leasing revenue grew 39% and investment sales outpaced the market. The firm raised its EPS target and plans a $500 million accelerated buyback.
The life science REIT took $637.9 million of impairments on Fenway, Palo Alto, San Carlos and Austin assets, held its $6.40 FFO midpoint and warned of more tenant wind-downs in 2027.
Emerging Trends in Real Estate 2027 ranks Dallas-Fort Worth first for a third year, lifts San Francisco from 45th to fifth and shows data centers posting the survey’s steepest decline.
Welltower lifted its 2026 normalized FFO guidance to $6.47-$6.53 a share after same-store senior housing NOI rose 21.0% and occupancy reached 90.2% in the third quarter.
GID keeps managing the light industrial portfolio across eight markets, including Atlanta, Chicago, Dallas and Seattle, through a new joint venture with StepStone Real Estate.
Morgan Stanley Real Estate Investing funds paid $172.1 million for a new 935,000-square-foot Class A logistics facility in Stafford, Va., net-leased to J.E. Richards with a Quanta Services guarantee.
Town Lane closed Real Estate Opportunities Fund II at its $1.9 billion hard cap, above a $1.5 billion target and 52% larger than its 2024 debut fund.
Dutch manager Bouwinvest formed a U.S. office account with Tishman Speyer, joining a group with about $1.5 billion of purchasing power; the first investment is the Chrysler Building.
NMHC’s October survey found all four apartment market indexes below 50, with debt financing at 10 and 17% of executives with maturing loans warning of possible foreclosures.
Rexford Industrial raised its 2026 Core FFO guidance after same-property occupancy rose 200 basis points, while cash rents on new leases fell 7% and buybacks reached $708.7 million.
Blackstone’s BREP-led opportunistic funds marked down 3.2% in the third quarter while Core+ funds including BREIT gained 1.6%, and real estate AUM shrank 4% to $309 billion.
CBRE’s third-quarter revenue rose 13% to $11.5 billion and core EPS rose 28%, as U.S. property sales revenue jumped 37% on industrial and retail deals while U.S. office leasing fell 2%.
Equity LifeStyle’s core manufactured home rents rose 5.7% in the third quarter and it expects about 5.1% growth in 2027, while seasonal and transient RV revenue fell 5.6%.
Total U.S. construction starts fell 1.5% in September to a $1.33 trillion annual rate, Dodge said, as gains in schools and highways offset an 18.4% commercial pullback.
Vornado, Ken Griffin and Rudin closed their 350 Park Avenue joint venture, Citadel’s 1.05 million-square-foot lease and a $3.3 billion construction loan from seven banks on Oct. 21.
The Canadian pension investor and Nuveen Real Estate have closed on 19 open-air shopping centers totaling 3 million square feet, anchored by grocers like Giant and Sprouts, and plan to keep buying.
Apollo will invest $1.34 billion for about two-thirds of a venture owning 19 UDR communities with 7,059 homes, at an implied 6.0% cap rate. UDR also lifted its 2026 FFOA outlook.
The Supreme Court of Ohio unanimously denied a developer’s bid to force Lordstown to review a four-building data center plan under pre-moratorium rules, holding that a preliminary site-plan submission creates no vested right.
Gilbert’s roughly $1 billion gift will not be repaid and funds nearly half of the $2.2 billion Renaissance Center and east riverfront plan, with a 501(c)(4) owning the district and surplus going to the community.
Newmark formed a North American IOS practice, citing its research showing outdoor storage rents up 123% from 2020 to 2025 and vacancy at 5.8%.
SL Green and Mori Trust replaced $1.768 billion of debt on the fully leased Midtown tower with a five-year, fixed-rate $2.0 billion CMBS loan led by JPMorgan.
September producer price data show construction input costs up 11.2% to 11.9% from a year earlier, led by fuel and tariffed metals, with contractors reporting steel shortages into 2027.
Mortgagee Letter 2026-12 lets rental communities of detached houses, duplexes and triplexes qualify for FHA’s Section 221(d)(4) and 223(f) programs, with a five-unit floor, a 7% vacancy minimum and a narrow accessibility carve-out.
The Swedish investment firm is paying $375 million in cash, plus up to $175 million in earnouts, for the San Francisco manager, pushing EQT Real Estate beyond logistics into core funds and manufactured housing.
Associated Builders and Contractors said its Construction Backlog Indicator reached 8.7 months in September on data center work, even as contractors’ sales expectations hit an 11-month low and margin pessimism rose to its highest since November 2025.
Brookdale Senior Living agreed to acquire the real estate under 30 communities it leases from Welltower for $290 million, cutting about $17.8 million from its 2027 rent and extending a separate 39-community lease to 2036.
ISS and Glass Lewis both recommended that Sunrise Realty Trust shareholders approve the stock issuance behind its merger with Southern Realty Trust, a deal that would consolidate 12 shared loans onto one balance sheet and trigger a conditional $20 million buyback.
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