News Analysis

The Chicago manager is looking to expand its single-family rental portfolio with a second $250m investment in the specialist platform.

The firm has hired Jay Dunn from RFR Realty to head up capital raising and debt capital markets as it looks to execute on a heavy multifamily and residential pipeline.

New vehicle is the firm’s first commingled fund for its global commercial real estate credit business.

The lack of the 421a abatement in New York City is not stopping the Spruce Capital lending arm from pursuing more creative redevelopment opportunities.

The industrial sector shows why it remains a lending beacon, this week drawing a Blackstone-sponsored $2.35 billion CMBS deal; Lightstone Group joins the wave of managers launching rescue capital platforms with sights set on disrupted capital stacks; Starwood continues its show of force, this week originating a $252 million refinancing package for Houston’s TC Energy Center office tower; and more in today’s Term Sheet, exclusively for our valued subscribers.

Approximately 83% of logistics properties were constructed prior to 2000, the firm found.

The New York-based manager will make investments in disrupted commercial real estate capital stacks.

Marx Development Group is building the 51-story, 379-key tower.

The firm is responding to a pullback from bank lenders, chairman and chief executive Barry Sternlicht said on Starwood Property Trust’s Q4 earnings call.