News & Analysis

Ohio Teachers to focus on income-producing assets as it repositions portfolio

The pension fund with $8bn in real estate holdings plans to continue selling office assets and limit its REIT exposure while prioritizing industrial and retail.

LACERA’s real estate head departs after two years

Terri Herubin was charged with overseeing a major restructuring of the California pension plan’s property portfolio.

Rithm Capital lands $515m refi for Manhattan office tower

Real estate private credit lenders helped complete the capital stack, which comprises a $415m CMBS loan, a $40m B-note and a $60m mezzanine loan, according to Newmark.

Iran ceasefire collapse reignites rate-hike prospects for European borrowers

Swap rates in the UK and eurozone rose on news of a collapse in the ceasefire agreement between US and Iran on July 8.

Downgrades hit CMBS deal tied to troubled Paris office property

Credit rating agency KBRA took the action following the latest valuation of the asset.

S3 Capital funds $111m construction loan for Miami multifamily tower

The loan from the New York-lender will be used by HA Emprendimientos to build its 26-story, 328-unit Sense22 development in the Edgewater submarket.

Minimal lender impact seen after instability issues at Pfizer office conversion

Madison Realty Capital originated a $720 million senior loan to finance Metro Loft and David Werner’s residential conversion of the New York office building.

Affinius closes $188m refi for New Jersey mixed-use complex

San Antonio-based manager continues its 2026 lending streak with a deal backed by PCCP, Claremont Development and Stanberry Development group.

Maxim Capital funds $300m loan for New York residential development

The sponsors, Grubb Properties and Pink Stone Capital, lined up another $77m in mezzanine financing from a group of lenders.

TPG, Blomfield secure £100m to boost UK IOS strategy

Leumi UK provided the financing to help grow the JV’s Concreit platform.