California

Kern County funds $160m in real estate credit commitments via core portfolio

The retirement association funded commitments to Hines-Rialto, Hudson Bay and TPG.

Office lending has a fresh lease on life in San Francisco

The city was hit hard by the covid-19 pandemic but is rebounding as occupancy and origination conviction is restored.

Breakthrough, Tishman Speyer fund $90m life sciences mezzanine bridge loan

The sponsor, Gemdale USA, will use proceeds to refinance existing debt.

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.

Madison Realty funds $375m loan for Jersey City mixed-use tower construction

The New York-based manager has tracked nearly $1.03bn in originations over the past two weeks across hotel, multifamily and office-to-residential deals.

Madison Realty funds $115m refinancing for Santa Cruz resort

The property is the first luxury beachfront resort in Santa Cruz, California.

Lone Star-led JV lands $122.65m in bridge loan for 600 California Street

The sponsors acquired the property through a distressed commercial mortgage-backed securities loan.

Northwind makes Los Angeles office debut via $132m financing

The loan was originated through Northwind Debt Fund III, the firm’s flagship closed-end credit vehicle.

Affinius closes $120m refi for San Diego multifamily mid-rise

The San Antonio-based manager continues its active 2026 lending pace with the backing of a 302-unit asset on behalf of AAA Management.

Bay Area sees rise in deeds-in-lieu sale as lenders move on distressed assets 

Potential investors see a brighter future for distressed properties as rental rates rise and job growth accelerates.