Alexandria Divesting Part of Fenway Megacampus to Institutional User
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
Alexandria Real Estate Equities disclosed in an earnings report that it has entered into a purchase and sale agreement with an institutional user for the sale of 421 Park Dr. on the Alexandria Center for Life Science…
External link. Real Estate Trail does not republish source content.
More from the wire
CCIDA, LEDA meet end-of-month deadline for land acquisition in industrial park
Rockpoint Buys Back Boston Office Tower for $260M
These cities are labeled the best for retirees. How are their housing markets performing?
HousingWire Data shows that seven of the top 10 markets are at least 10% more affordable than the national average
LogosFaith Development Expands into San Diego Market
LogosFaith Development, in partnership with San Diego’s Logan Temple AME Zion Church, commemorated the official groundbreaking on Logos Logan Legacy Place at the project site. The 43-home affordable housing community…
PCCP Provides $164M Senior Loan for Paramus Multifamily Project
PCCP has provided a $163.9-million senior loan to a joint venture between Russo Development and Kushner Real Estate Group for the construction of The Paramus Chapter, a two-building, 426-unit multifamily project locat…