News Analysis

BGO’s Severino sees brighter outlook after uptick in Q1 activity

The interest rate outlook is still critical to the recovery of commercial real estate.

Term Sheet: Bank OZK industrial loans in focus; Cain’s US office financing; Shorenstein’s New York foreclosure

Mezzanine lenders fill out the capital stacks on a pair of Bank OZK West Coast industrial construction loans this week; Cain International is betting on office construction lending and lines up a $500 million loan for a Beverly Hills mega-project; Shorenstein faces foreclosure after defaulting on a New York office tower; and more in today’s Term Sheet, exclusively for our valued subscribers.

Structured investments emerge as distinct commercial real estate asset class

The commercial real estate market, which has been in a value correction cycle for the past two years due to higher interest rates and cap rates, will see this correction continue until interest rates settle.

Yieldstreet’s Yarbrough sees secular changes in bank, alternative lender relationships

Yarbrough said he believes the market is coming closer to bottoming out and this creates strong investment opportunities

Bridge Industrial taps Bank OZK, Mesa West consortium for $413m construction loan

Morgan Stanley Real Estate Investing was also a part of the group that funded the loan for sponsor Bridge Industrial.

Bizzi+Bilgili lines up rare office construction loan via Cain International

The financing is notable given the paucity of capital allocated to the office sector as well as a decline in construction lending over the past year to 18 months.

Cain secures $2bn of development financing for Beverly Hills luxury project

JPMorgan has originated a $500m senior loan to help build the mixed-use development One Beverly Hills.

Bank OZK, BDT and MSD fund $756m financing for Inland Empire mega-project

CBRE IM and Hillwood will use the funding for Phase 1 of speedway conversion into a 6.6 million-square-foot industrial complex.

Term Sheet: NYCB’s billion-dollar bail-out; Starwood extends debt streak; Breaking down MIPIM’s highlights

The future of New York Community Bank’s commercial real estate debt portfolio remains unclear even though a Steve Mnuchin-led $1 billion bail-out adds stability; Barry Sternlicht’s Starwood Property Trust keeps up its real estate debt efforts after originating a $118 million refinance for Scott Rechler’s RXR Realty; MIPIM sentiment teeters toward the positive as lenders and borrowers show more appetite to ramp up transactions; and more in today’s Term Sheet, exclusively for our valued subscribers.

MIPIM 2024: A return to optimism, but lower expectations for a near-term reboot

The optimism comes as the commercial real estate debt markets gear up for an estimated $930bn of refinancing.