Insight

Term Sheet: Blackstone’s trophy extension; Apollo’s Bridge acquisition; Cain’s $300m mezz addition

Blackstone secures a critical extension on $1.3 billion of Willis Tower CMBS debt; Apollo picks up more credit capabilities with $1.5 billion acquisition of Bridge Investment Group; Cain International is adding $300 million of private mezzanine debt to its Beverly Hills mega-project; and more in today’s Term Sheet, exclusively for our valued subscribers.

CREFC sentiment survey: Office outlook improves, but overall mood takes a slight dip

An increasing emphasis on a return to the office by corporate companies may be supporting the positivity.

Term Sheet: German election uncertainty, Henderson Park’s office refinancing, Apollo’s US acquisition

Managers expect some uncertainty following Germany’s election; Henderson Park’s refinancing of a Polish office portfolio indicates lender support for quality assets; Apollo’s US M&A deal grows its real estate debt and equity exposure; and more in today’s briefing, exclusively for our valued subscribers.

Market pulse: Borrowers negotiate hard as lenders vie for the best deals

Macroeconomic volatility is not deterring market particpants as competition for deals grows.

CBRE hires European loan servicing lead

Dean Harris is to join the advisory firm from loan servicer Trimont.

HSBC helps unblock London office pipeline with £125m loan

James Moss, incoming CFO of borrower Helical, says the city lacks quality workspace.

Term Sheet: KKR gathers dry powder, Helical sources office scheme loan, back leverage comes into focus

US manager KKR readies itself for opportunistic debt investments with latest fundraising; UK property company Helical sources financing for London offices; Knight Frank Capital Advisory shines a light on back leverage; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Barings’ Artemis acquisition; Idaho makes C-PACE debut; Nuveen’s retail refinance

Barings is picking up additional credit capabilities via its just revealed Artemis acquisition; the first C-PACE financing ever in the state of Idaho is near, as Nuveen Green Capital expands its coverage; Nuveen and Torchlight also refinance a mega-retail center in Texas backed by Brookfield and CBRE IM; and more in today’s Term Sheet, exclusively for our valued subscribers.

Four fifths of debt fund managers considering back leverage, says Knight Frank

A landmark report shows half of surveyed managers have firm plans to use back leverage in the coming year.

Barings agrees to buy Artemis Real Estate Partners

The takeover of female-founded Artemis would amplify Barings’ real estate debt and equity platforms further.