New York

Blackstone lines up $8bn for final close of BREDS V

CalPERS backed the manager’s latest debt strategy with a $1.5bn commitment, while Illinois, New Mexico and Ohio institutional investment funds also contributed to the fundraise.

400 Capital Management closes its fourth private credit fund

The credit fund drew capital commitments amid a shifting regulatory environment.

Rockpoint JV taps Apollo for Wall Street multifamily loan

The Boston-based manager, in partnership with Brooksville, acquired the property in 2016 for $421.5m.

Lone Star Funds snags $343m loan portfolio from Flagstar

The Dallas-based private equity firm acquired sub-performing loans from the former New York Community Bank.

RFR lands $160m refinancing for New York office tower

RFR was facing a potential foreclosure on 475 Fifth Avenue prior to securing the refinancing.

Fortress exits Manhattan office tower after prior loan takeover

The New York-based manager assumed control of the asset from sponsor Somerset and Meadow Partners in 2023 before opting for its own exit.

Brookfield sees record fundraising as interest rises in credit strategies

Bruce Flatt says retail and high-net-worth investor channels will bolster fundraising momentum for real estate strategies broadly.

Blue Owl plans commingled real estate credit strategy launch

With Jesse Hom at the helm, the firm is building up its real estate credit platform after the acquisition of Prima Capital Advisors.

New York’s MetLife Building slated for $1.5bn CMBS refinancing 

The commercial mortgage-backed securities market continues to be a home for large-scale refinancings for Class A office properties.