REIT
SITE Centers Agrees to Sell Pearl District’s The Blocks Retail Portfolio in Portland for $18.2MM
SITE Centers has agreed to sell its retail condominium portfolio in Portland’s Pearl District for about $188 per square foot. It is one...
Alexandria Swings to $638.5MM Loss on Write-Downs as CEO Ranks Seattle Among Investors’ Favored Lab Markets
Alexandria Real Estate Equities booked $637.9 million of real estate impairments in the third quarter and swung to a $638.5 million net loss,...
Pebblebrook Hotel Trust Sells 174-Room The Hotel Zags in Downtown Portland for $10MM
Pebblebrook Hotel Trust has sold a money-losing boutique hotel in downtown Portland for about $57,500 per room. The deal shows how far downtown...
Realty Income Buys 501,000 SQFT Fife Warehouse From Clarion Partners for $108MM
Clarion Partners has sold its fully leased Pacific Coast Corporate Park distribution building in Fife to Realty Income for about $215 per square...
Alexandria Stretches $5B Credit Line to 2032 as Seattle Lab Sites Pivot to Housing and Tech
Alexandria Real Estate Equities extended its $5 billion revolving credit facility to 2032 at a lower spread, a refinancing that buys runway for...
Essex Property Trust Lands $275MM Bank of America-Led Term Loan to Retire Commercial Paper
Essex Property Trust has lined up $275 million of unsecured bank debt led by Bank of America to retire short-term commercial paper, trading...
Brookfield Takes 49% Stake in Healthpeak’s $2.1B, 86-Building Outpatient Medical Portfolio for $1.025B
Healthpeak Properties has sold a non-controlling 49 percent stake in a national portfolio of 86 outpatient medical buildings to Brookfield Asset Management for...
Macerich Lifts 2028 FFO Target to $2.00 as Path Forward Plan Hits Inflection Point
Santa Monica-based REIT raises its NOI ceiling and reports $1.3 billion in completed dispositions as record leasing momentum reshapes its Class A mall...
PwC + ULI: AI Revival Lifts West Coast Real Estate from Its Post-Pandemic Slump
After years of dislocation and declining investor confidence, the West Coast’s real estate markets are finally showing signs of stabilization—and, in some cases,...
Seattle Landlord Kilroy Realty Posts Mixed Q3 as Portfolio Reshuffling Drives Income Surge
West Coast REIT holds steady in Puget Sound market while banking big on California asset sales and Beverly Hills bet Kilroy Realty Corporation,...
Hudson Pacific Properties Reports Widening Losses Despite Strategic Restructuring
Real estate investment trust reports $83.1 million quarterly loss as office occupancy challenges persist Hudson Pacific Properties Inc. (HPP) reported deepening financial losses...
Essex Property Trust Delivers Strong Q2 Results, Signaling Resilient West Coast Multifamily Market
REIT beats guidance, raises full-year outlook as regional fundamentals show surprising strength despite supply pressures Essex Property Trust delivered a standout second quarter,...
