Insight

CREFC 2025: Looking for the best amid the worst

Commercial real estate has weathered worse economic storms than what is being seen today, said attendees at the CRE Finance Council’s June conference, held this week in New York.

Mitsubishi Estate acquires majority stake in Patron Capital

Around €100m of seed capital will be invested in the firm’s fledgling debt business.

BREDS’ Gorleku: Banks are back in the market, intensifying competition

The incoming head of Blackstone’s European real estate lending business tells the PERE Network Europe Forum 2025 that banks are unlocking investment market activity.

Term Sheet: Hot takes from PERE Europe, Mitsubishi Estate buys into Patron, change at the top at Brookfield

Delegates at the PERE Europe Forum 2025 hear managers’ and investors’ expectations for real estate debt; UK manager Patron Capital Partners receives a boost for its credit strategy in the form of a majority stake purchase; Lowell Baron takes the reins at Brookfield’s real estate business; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: CREFC’s sentiment signal, Jadian Capital’s industrial outdoor storage push, CMBS refinancing on Manhattan’s Independence Plaza

The CRE Finance Council’s June conference was full of optimism, despite macroeconomic and geopolitical instability; Jadian Capital has secured a $231 million loan from Blackstone Real Estate Debt Strategies to fund upgrades to a 43-property industrial outdoor storage portfolio; Manhattan’s Independence Plaza landed a $675 million commercial mortgage-backed securities refinancing, and more in today’s Term Sheet, exclusively for our valued subscribers.

CBRE: Almost 80% of lenders aiming to increase origination this year

Refinancing will be the main source of loan demand in 2025, respondents to the adviser’s survey say.

Lowell Baron succeeds Brian Kingston as Brookfield’s real estate CEO

The asset management giant’s long-time property chief will transition to executive chair, according to an internal memo.

Loans in focus: GHIG’s debut Italian loan deal, Song Capital refinances healthcare platform, BNP Paribas-led club finances Spanish residential

Global Hospitality Investment Group issues its first loan deal in the Italian market; Song Capital provides €750 million of debt for German healthcare platform; BNP Paribas, Crédit Agricole CIB and Societe Generale provide a €191.5 million loan for a Spanish build-to-rent portfolio; the latest additions to the Real Estate Capital Europe lending database; and more in our round-up of European loan deals from the past week.

Commercial real estate’s big, beautiful headache

Concerns are rising over a slower commercial real estate recovery.