United States

The portfolio is located across three industrial parks in the infill markets around the New York metropolitan area.

The 12 institutional-quality properties span 3.18 million square feet and are in US markets near logistics hubs.

RXR and Elliot Investment Management are purchasing 590 Madison Avenue for $1.08bn from the State Teachers Retirement System of Ohio.

The fresh round of financing will see Flow and Yellowstone Trust added as majority owners of the Brickell-area mega-development formerly spearheaded by Chetrit Group.

The funding will be used for the completion of the first phase of Cotino, a 1,900-unit master-planned community in Rancho Mirage, California.

The Summer 2025 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey highlights a subdued outlook for construction due to the impact of tariffs and trade tensions.

The city’s class A office market over the years has been boosted by robust refinancing resources and a lack of new supply.

The CEO of the mega-manager’s non-listed REIT and global head of its core-plus real estate business was 43.

The loan proceeds will be used in the project’s remaining construction and lease-up.