A joint venture led by Kennedy Wilson has acquired a 312-apartment tower in downtown San Jose for $176 million, bringing Japanese institutional capital into a completed Silicon Valley rental property. Kennedy Wilson said October 14 that it closed the purchase of One...
PNC Financial Services reported a sizable expansion in its commercial real estate loan book during the third quarter, even as problem credits increased, offering a mixed picture of bank exposure to property markets.The Pittsburgh-based lender held $37 billion in...
Swedish investment firm EQT has agreed to acquire San Francisco-based real estate manager Stockbridge for $375 million in cash, adding a substantial U.S. platform focused on industrial property, manufactured housing and other alternative real estate investments.The...
Castlelake has priced a $1.1 billion commercial real estate collateralized loan obligation, bringing a new issuer into the CRE CLO market at a moment when rising interest rates have complicated refinancing for property owners and lenders. The Minneapolis-based...
Prophetic has expanded its land-acquisition software into multifamily development, launching tools that estimate how many apartments a parcel could support and map competing projects before construction begins. The Portland, Oregon, company introduced SiteAI...
Altisource’s Foreclosure Auction Inventory Surges as Service Revenue …
