Term Sheet

Term Sheet: A Blackstone-backed logistics CMBS, Invesco’s largest European property loan to date, Carney warns on obsolescence

The latest European CMBS deal reflects lender and sponsor appetite for logistics real estate; Invesco’s largest European real estate loan so far puts it on course for a record year; former Bank of England governor turned Brookfield Asset Management chair Mark Carney warns on real estate obsolescence; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Apollo’s Brooklyn bet; Maryland’s allocation to debt; C-PACE’s data center deal

Brooklyn’s Greenpoint neighborhood continues its private credit overhaul with a $159 million Apollo refinancing deal; BH3 Management is the latest beneficiary of the pension fund focus on real estate debt, with an allocation from Maryland State Retirement and Pension System; a Houston data center deal achieves lift-off with Nuveen Green Capital lining up C-PACE financing for its development; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Swedish rate cut prompts recovery hopes, M&G’s continental European push, Panattoni’s logistics drive

A third rate cut in Sweden this year has hopes high for a continued recovery in the country’s real estate transactions market; UK manager M&G aims to gain ground in continental Europe; logistics developer Panattoni’s latest borrowing deal sets the scene for a UK speculative development drive; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: The Fed’s rate reduction; Madison Realty’s $2bn fundraise; Carlyle’s C-PACE commitment

The larger than expected 50-basis-point rate cut by the US Federal Reserve provokes more questions about real estate deal momentum; Madison Realty Capital finds fundraising tailwinds with $2 billion of capital lined up for the next iteration of its real estate debt strategy; Carlyle eyes green lending opportunities with $1 billion capital commitment to C-PACE lender North Bridge; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: REC Europe’s Active Lenders 2024 launches, French banks refinance Coeur Défense, Starwood seeks CMBS loan extension

Real Estate Capital Europe’s Active Lenders 2024 process kicks off with a call for submissions; a circa €600 million refinancing of the landmark Coeur Défense office complex in Paris demonstrates lender support for trophy assets in the sector; Starwood’s aim to secure an extension to a securitised Spanish loan highlights borrowers’ negotiations with creditors amid challenging market conditions; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Freddie’s CEO pick; Basel III’s recalibration; TYKO’s $527m Miami deal

Finance industry veteran Diana Reid takes on top role at Freddie Mac; Sidelined bank lenders may have more reason to increase lending with the Federal Reserve scaling back Basel III proposals; TYKO Capital has more Miami ambitions with $527 million financing on tap for Related and Integra’s latest condo construction plans; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Canary Wharf Group’s refinancing drive, Brookfield’s Citypoint sale, Blackstone borrows big for iQ

Canary Wharf Group makes progress as it addresses its outstanding debt but has more refinancing ahead of it; Brookfield targets the sale of a large London office tower as a debt deadline looms; Blackstone sources a major refinancing of its iQ Student Accommodation platform; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Barings and Counterpointe’s collaboration; Mesa West’s renewed priorities; Southern Californian mall goes ‘back to the future’

The rise in prominence of C-PACE financing is on full display for a Los Angeles mixed-use project with $315.5 million of funding from Barings and Counterpointe; Mesa West Capital has growth ambitions under Ronnie Gul and Raphael Fishbach’s leadership; an iconic California mall is headed ‘Back to the Future’ with fresh financing from Hankey Capital on tap for its redevelopment; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: LEG turns to the bond market to refinance, Blackstone and Brockton source fresh debt for flexible offices, the Swedish central bank voices concerns

German landlord LEG launches a €500 million convertible bond as it addresses debt maturities; Blackstone and Brockton test lender appetite for flexible offices with major refinancing; Sweden’s central bank is keeping its eye on banks’ exposure to real estate companies; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: The Fed’s rate expectations; Starwood’s Brooklyn bet; Nuveen’s Vegas C-PACE deal

The Federal Reserve signaled an inbound interest rate cut at its next meeting that would alleviate some pressure on US commercial real estate markets; Barry Sternlicht’s Starwood bets big on Brooklyn office space with a $301 million refinancing for Tishman Speyer; Nuveen Green Capital assembles a $190 million C-PACE financing package to supercharge Nevada hotel; and more in today’s Term Sheet, exclusively for our valued subscribers.