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.
6 min read · 07 March 2024
Approximately 83% of logistics properties were constructed prior to 2000, the firm found.
2 min read · 05 March 2024
The New York-based manager will make investments in disrupted commercial real estate capital stacks.
1 min read · 04 March 2024
The commercial real estate market is operating against a backdrop in which higher interest rates have caused widespread declines in real estate values – and higher loan-to-value ratios.
6 min read · 04 March 2024
Marx Development Group is building the 51-story, 379-key tower.
1 min read · 01 March 2024
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.
2 min read · 29 February 2024
The firm accesses tax credits and other forms of financing for its multifamily-focused investments and developments in underserved communities.
4 min read · 29 February 2024
The wave of senior executive shake-ups seen so far this year continues as Blackstone’s head of structured finance, Jonathan Pollack, leaves the firm, with plans to join Barry Sternlicht’s Starwood Capital next year; Former Silverstein Properties chief executive Marty Burger outlines plans to build a debt platform as well as pursue office-to-residential conversion opportunities via his new firm, Infinity Global Real Estate Partners; Maverick Real Estate Partners buys a $247 million slice of the Signature Bank loan portfolio acquired last year by a Blackstone-led joint venture; and more in today’s Term Sheet, exclusively for our valued subscribers.
5 min read · 29 February 2024
The New York-based manager is expected to close $300m in loans over the next 30 days as debt funding gaps and needs persist.
3 min read · 28 February 2024
Jonathan Pollack, who will officially come on board at Starwood in 2025, will join the firm at a time when alternative lenders are expected to be able to significantly increase their market share.
2 min read · 27 February 2024
