Azimuth Sells New Educational Facility to Equality Charter School for $55M
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
Azimuth Development Group has handed over ownership of a school facility in the East Bronx that appears to have been a build-to-suit construction job for the firm. Azimuth President Guido Subotovsky signed a $54.5 mil…
External link. Real Estate Trail does not republish source content.
More from the wire
States Logistics Distribution Center Coming to Las Vegas
Stanford Crossing Offers 100 Acres for Development in Fast-Growing Lathrop
Stanford Crossing is positioning more than 100 acres of commercial land within Lathrop, representing what it calls a rare opportunity for developers to establish an early foothold in a rapidly growing market. The mixe…
Grand Peaks, PCCP Acquire Mixed-Use Multifamily in Beaverton
Multifamily real estate investment firm Grand Peaks , in partnership with PCCP, LLC, announced the acquisition of West End District, a 424-unit, mixed-use multifamily community located in the heart of Beaverton, Orego…
Alaska teens oppose 20,000 acre industrial park proposal
C-PACE Financing is Now a Capital Stack Conversation
At the in-person Connect Apartments 2026 event in Los Angeles on Sept. 22, finance naturally will be on the agenda. With C-PACE (Commercial Property Assessed Clean Energy) financing an increasingly important element o…
Producer price index rises on energy price surge, lifts odds of Fed hike
The fresh inflation data prompted traders in interest rate futures to increase the probability that the Federal Reserve will push up the main rate next week.