Private credit manager picks up substantial exposure to New York City offices in the deal.
2 min read · 21 August 2023
The alternative lender has hired John Omori from Bank of Hope to spearhead the initiative, which will focus on smaller, local builders in the multifamily sector.
3 min read · 21 August 2023
The firm is using this strategy as a yield play to mitigate against its bigger bets in the office and retail space.
3 min read · 21 August 2023
WeWork is casting doubt on its future viability as rent and tenancy costs keep office stability in limbo; Hodes Weill finds commercial real estate M&A lost steam in the first half of 2023; AEW Capital Management lays out succession plans for the upcoming retirement of longtime chair Jeff Furber; and more in today’s Term Sheet, exclusively for our valued subscribers.
7 min read · 17 August 2023
Recent financing for ground-up developments include a $750m loan funded by Otera Capital for the first phase of Tishman Speyer’s Harvard University Enterprise Research Campus.
2 min read · 17 August 2023
A liquidity-constrained environment has not slowed down well-capitalized managers.
2 min read · 17 August 2023
The structure is becoming the place more lenders want to be in the capital stack.
4 min read · 16 August 2023
The 569-unit project adds to development momentum fueled by private credit lenders.
2 min read · 15 August 2023
Six insurance firms allocated $525m to finance energy efficiency and sustainability projects.
3 min read · 11 August 2023
CREFC and NCREIF roll out debt fund aggregate comprised of 13 managers to field feedback on their forthcoming index launch; Nuveen launches C-PACE lending fund to address insurance company appetite; How commercial real estate debt will be affected by the Fitch and Moody’s downgrades amid existing market volatility; and more in today’s Term Sheet, exclusively for our valued subscribers.
7 min read · 10 August 2023
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