PGIM Real Estate keeps rolling in California with a $143.5 million bridge loan package; KBRA report finds old and dated office assets face more potential distress across top US cities; Colliers adds veteran pair to supercharge Western US expansion; and more in today’s Term Sheet, exclusively for our valued subscribers.
5 min read · 12 October 2023
Expo Real attendees sound a hopeful note despite ongoing uncertainty; the industry gathers at C Change Summit to discuss its response to the climate crisis; Dutch investor APG gets to grips with artificial intelligence; and more in today’s briefing, exclusively for our valued subscribers.
7 min read · 11 October 2023
Senior real estate leaders anticipate more obstacles for originations and capital markets at CREFC; PIMCO preps debt dry powder with year’s largest fundraise to date; Trepp tracks rise in delinquency and special servicing rates as CMBS market congestion builds; and more in today’s Term Sheet, exclusively for our valued subscribers.
7 min read · 05 October 2023
AEW assembles €3bn private debt platform and makes key BlackRock hire; WeWork skips interest payments as it looks to renegotiate with its lenders; Mount Street scores its largest single mandate of the year with FC Barcelona; ICG Real Estate funds London build-to-rent scheme; EXPO REAL kicks off in Munich; and more in today’s briefing, exclusively for our valued subscribers.
7 min read · 04 October 2023
Wells Fargo goes against the grain with planned $550 million deal to convert Hudson Yards retail floors to office space; PGIM continues filling bank lending void with $333 million California industrial financing package; Goldman Sachs Asset Management tracks uptick in investor concern around public and private real estate valuations; and more in today’s Term Sheet, exclusively for our valued subscribers.
6 min read · 28 September 2023
Rate pauses from central banks, including the Bank of England, prompt relief among property professionals; US-based Ardent Companies views an opportunity in UK real estate lending; German bank Helaba’s move into private debt hints at further plans for real estate credit; and more in today’s briefing, exclusively for our valued subscribers.
7 min read · 27 September 2023
Kayne Anderson picks up $1.3 billion medical office loan portfolio from Synovus as select regional bank selloff activity continues; Federal Reserve keeps interest rates elevated; Blackstone’s Schwarzman says real estate credit will play a critical role in ambitions to amass $1 trillion in assets; and more in today’s Term Sheet, exclusively for our valued subscribers.
6 min read · 21 September 2023
Logistics developer CTP’s latest loan demonstrates how managers are tackling the climate crisis; Blackstone’s Stephen Schwarzman has high hopes for the firm’s debt business; KKR sets out to raise another global credit fund; and more in today’s briefing, exclusively for our valued subscribers.
6 min read · 20 September 2023
Bain Capital’s move to launch a dedicated European real estate credit strategy demonstrates the appeal of the asset class; Quintain secures a major refinancing amid tough market conditions; Cromwell’s latest loan shows sustainability is playing a growing role in property loans; and more in today’s briefing, exclusively for our valued subscribers.
8 min read · 14 September 2023
FDIC outlines parameters for prospective buyers interested in Signature Bank’s $33 billion commercial real estate loan portfolio; PGIM Real Estate names new co-chief executives; Newmark research shows office debt originations dropped significantly in the first half of 2023; and more in today’s Term Sheet, exclusively for our valued subscribers.
6 min read · 07 September 2023
