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A Los Angeles-based investment firm has spent north of $300 million on two multifamily properties on opposite sides of the country, Commercial Observer has learned. JRK Property Holdings put down a combined $315 million to acquire Chase Knolls, a 401-unit, garden-style community in Los Angeles’ Sherman Oaks neighborhood, and WestEnd25, a 283-unit high-rise in Washington, D.C. JRK declined to disclose the names of the sellers, though property records show that Chicago-based Waterton sold Chase Knolls, and D.C.-based JBG Smith sold WestEnd25. JRK purchased WestEnd25 for $186 million, according to property...

The Canadian pension investment fund that in April acquired majority ownership of Washington, D.C.’s The Wharf has landed a $1 billion loan to refinance the development’s debt. Public Sector Pension Investment Board (PSP Investments) secured the five-year, $1.03 billion loan in the wake of its $1.8 billion deal to take over The Wharf from Hoffman & Associates and Madison Marquette. Wells Fargo, Goldman Sachs and Morgan Stanley originated the loan according to Fitch Ratings, and the trio plan to sell the debt as a commercial mortgage-backed securities trust, expected to...

It’s been only 18 months since Chad Tredway rejoined J.P. Morgan as head of real estate for the Americas for J.P. Morgan Asset Management (JPMAM), but the industry vet is already going global.  The firm just appointed Tredway global head of real estate, Commercial Observer can first report. In his new role, Tredway will oversee JPMAM’s real estate operations in the Americas, Europe and Asia Pacific, further extending the platform’s footprint and investment know-how across the world. SEE ALSO: Ariel Aber Embracing Brokerage Change at CBRE “I am thrilled to be...

Indianapolis-based mall giant Simon Property Group saw a mixed bag in its first-quarter numbers amid mounting caution over the impact of tariffs on retail. The retail real estate investment trust saw funds from operations drop to $413.7 million in the first quarter of 2025 compared to $667.2 million in the previous quarter, while funds from its real estate operations totaled $1.113 billion compared to $1.261 billion in the last three months of 2024. The company reported more than $1.47 billion in revenue, up from $1.44 billion-plus in the fourth quarter...

New Jersey-based global investment giant PGIM Real Estate is creating a 10-figure capital fund to capitalize on the growing demand for computing capacity — demand that is only growing with the evolution of AI and other technologies. PGIM Real Estate, the real estate investment branch of Prudential Financial, has closed a $2 billion fundraising campaign for its Global Data Center Fund, which it secured from “a range of global investors,” the firm said Wednesday. Details about the fund were first reported by Private Equity Real Estate (PERE) last May, and...

Data science is rapidly becoming a cornerstone of success in commercial real estate (CRE) investing. With vast amounts of data available, firms are seeking advanced analytics to gain a competitive edge, optimize portfolios, and enhance decision-making. Despite the industry’s widespread recognition of data’s potential, there remains a great deal of uncertainty regarding its implementation, sophistication, and true impact. SEE ALSO: Sunday Summary: What Is Happening With Government Office Space? This article is a summary of Altus Group’s global research report, The state of data science in commercial real estate investing. This...