Philly eyes another school-to-housing conversion

Jul 24, 2026

File this under potential “Abbott Elementary” plot devices. The Philadelphia Housing Authority and nonprofit HELP Development Corp. are teaming up on the redevelopment of a vacant schoolhouse in Philadelphia’s Strawberry Mansion neighborhood, WHYY reported. The goal is to create affordable housing for seniors. The…

Capital Markets Affordable Housing United States Philadelphia Pennsylvania U.S. National

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Banks lending resurgence extends to second quarter

Banks returned to commercial real estate lending in the first quarter after years of eschewing the industry. To the delight of developers and owners, the trend has continued. A handful of major banks made substantive increases to their commercial real estate loan balances from April to June, the Wall Street Journal…

Capital MarketsDebt & FinancingUnited States

Posted today·Published Jul 24, 2026Read

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Housing Notes: The Great Wealth Transfer is going to be underwhelming

By RCraig09 – Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=179896547 I’ve long thought about the upward skew in the housing stock across many U.S. markets during my career. Existing housing is being torn down to make room for larger properties, driven by rising land values and the…

Capital MarketsUnited States

Posted today·Published Jul 23, 2026Read

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KKR considers offloading real estate lending arm

The “year of transition” for KKR’s real estate lending arm may see it transition out of the parent company’s purview altogether. The board of directors for KKR Real Estate Finance Trust is exploring strategic alternatives, Bisnow reported, as noted in the entity’s second-quarter earnings report. That could signal a…

Capital MarketsDebt & FinancingUnited States

Posted today·Published Jul 23, 2026Read

Boston Children’s Hospital sells campus for $62M in leaseback deal

A prominent hospital sold its campus in a Boston suburb in a potentially lucrative leasing play. Boston Children’s Hospital sold its campus at 10 Centennial Drive in Peabody to an affiliate of Barings for $62 million, the Boston Business Journal reported. The North Shore clinical outpost was purchased by a limited…

Capital MarketsUnited StatesBoston

via The Real Deal·Posted today·Published Jul 23, 2026Read