Deals

Madison Realty funds $375m loan for Jersey City mixed-use tower construction

The New York-based manager has tracked nearly $1.03bn in originations over the past two weeks across hotel, multifamily and office-to-residential deals.

The cost of capital is climbing – and dealflow is feeling the strain

This week on The PERE Podcast, market participants are grappling with more economic noise as they try to fund and rework capital stacks during a period of rising costs and risk spurred by global geopolitical issues and their local repercussions.

Parks Mall: Financing the future of retail

Owners CBRE IM and Brookfield in February lined up a $215m refinancing for the property via Nuveen and Torchlight Capital.

CMBS office loans signal a broader sector recovery

At least seven CMBS SASB office loans totaling around $8bn came to market from January to mid-March.

Blackstone secures $2.8bn CMBS loan for retail REIT buy

The loan will be backed by 93 shopping centers, totaling 10.5 million square feet.

Commercial real estate grapples with a ‘higher for longer’ rate environment

Market sources believe transaction activity is unlikely to reboot until the end of Q1 2023 or later.

REIT debt market sees little impact from inflationary pressures, Ukraine conflict 

Despite widespread confusion and concern over the situation in Ukraine, most investment-grade REIT bond yields have remained attractive.

Colliers arranges novel real estate bond refinancing for Grand Canyon University

The university opted for a taxable bond financing with staggered maturities.

Bank OZK wins heated battle for suburban Dallas-Fort Worth debt facility

Anthem Development saw pricing drop by about 100 basis points due to lender competition.

Oxford JV snags $64m Detroit hotel construction loan

The partners are planning a luxury hotel near the MGM Grand Detroit.