News Analysis

Chair Jerome Powell says the Federal Reserve will likely cut rates twice in 2025, significantly less than the four reductions expected prior to its meeting.

The developer, Terra, will use the financing for the first phase of a $1bn mixed-use community in South Florida.

Bank regulatory requirements and borrower tax implications are preventing resolution for stressed loans.

The firm sees a clear opportunity to expand its platform as banks scale back their commercial real estate lending platforms.

The investment manager received commitments from a wide base of investors.

The project, being developed by Ascendant Capital Partners, is in the city’s West Village submarket.

Joel Pecoy replaces Danielle D’Ambrosio in overseeing the Charlotte-based manager’s $25bn real estate debt portfolio.

The firm raised approximately $1.2bn for CRED III, which is already over 40% deployed.

The Los Angeles-based firm sees the sector as a strong area for growth.

The US national debt is a macroeconomic issue, one that may not touch the lives of commercial real estate lenders and borrowers on a day-to-day basis.