California

Inside Brookfield’s San Francisco multifamily expansion

The Toronto-based manager is looking at the city on a long-term basis.

Blackstone, Paramount nail extension for $975m San Francisco office loan

The loan on One Market Plaza, a San Franciso office tower, was one of the largest CMBS loans slated to mature in 2024.

Clarion hires Karlekar to head global research and strategy

Indraneel Karlekar returns to the New York manager, where he previously headed research during his days with affiliate ING.

Brookfield takes control of Veritas multifamily portfolio in foreclosure auction

The transaction makes Brookfield the largest multifamily owner in San Francisco.

3650 REIT gets out of the gate with $145m of California construction loans

The financings come at a time when few lenders have been funding construction loans.

Lenders track San Francisco office sales for directional signals  

Lenders and investors believe some markets have started to hit bottom as trades come through.

Oaktree launches real estate credit income fund

The Los Angeles-based manager is capping off 2023 with its second fundraise for the year.

Deep Dive: CalSTRS’ real estate changemaker

Taking charge of the pension giant’s $50bn AUM property business is a daunting task. But Julie Donegan is prepared for the challenge.

Proposed Los Angeles redevelopment site sale puts seller financing in the spotlight

Cushman & Wakefield is marketing Hawthorne Mall as a potential large-scale redevelopment play with the potential for seller financing.

PIMCO closes CREDF II amid sustained appetite for US debt

The Newport Beach-based manager has closed its second property credit fund on $3bn, more than double the size of its predecessor.