News Analysis

Blue Owl Capital acquires Prima, hires GIC vet in private credit push

Jesse Hom will join the firm in June as it looks to expand its real estate presence amid bank lending pullback.

L&L completes $911m refinancing for New York’s 425 Park Ave

The roughly 670,000-sq-ft trophy office is about 90% leased.

Kriss Capital originates $185m loan for Midtown condo financing

The JLL-arranged deal will retire existing debt for Navigation Capital Partners ahead of sales efforts.

Scale Lending originates $150m construction completion loan for Bronx project

The Slate Property Group lending arm has ramped up construction completion lending with increased demand for development capital.

Apollo funds Brookfield apartment acquisition via $410m financing

Toronto-based Brookfield acquired the San Francisco properties via a foreclosure.

Deep Dive: Private real estate’s surprise problem child

Default risk in the multifamily sector is growing, catching out some managers and their investors – while creating opportunities for others.

Speedway Commerce Center races toward development

CBRE Investment Management and Hillwood Partners plan to redevelop a land parcel adjacent to the Auto Club Speedway in California’s Inland Empire into an industrial mega-development.

Slate identifies growing construction completion niche

Slate Property Group in March originated a roughly $60m loan to reignite a stalled multifamily development in the Astoria neighborhood of Queens, New York.

Bank OZK extends debt streak with $600m Miami-area construction loan trifecta

Berkadia arranged two of the financings, which will increase the Arkansas-based lender’s presence across South Florida.

Mount Street names Wheeler to grow US loan servicing business 

The London-based manager appoints another industry veteran for its US operations.