North America

Barings funds $230m refinancing for New York mixed-use property

The financing comes amid a surge in lending activity for loans of more than $100m.

Corporate bond surge boosting commercial real estate lending market

Robust corporate bond issuance since the start of September is having a positive knock-on effect for commercial real estate lending.

CIM finances Santander Tower recap via $132.5m loan

Pacific Elm Properties has repositioned the building from office to residential use.

Oxford names HOOPP’s Eric Plesman CEO as Daniel Fournier exits

Ontario pension OMERS’ real estate arm brings in Plesman, a former exec and now HOOPP’s real estate chief, to take over from exec chair Fournier.

Loans in focus: Slate Property’s East Harlem medical office; Kayne Anderson’s Brooklyn bulk-up; PCCP’s Hoboken groundbreaking

JPMorgan and GoldenTree Asset Management are backing the new construction of a mixed-use medical office in Manhattan’s Carnegie Hill and East Harlem submarkets; Kayne Anderson is funding a planned luxury residential tower in Brooklyn; PCCP is putting up debt for a multifamily development in Hoboken, New Jersey; and more in our round-up of stateside loan deals from the past week.

Pacifica lines up $126m hotel refinancing via Goldman, Peachtree

The seven-hotel portfolio is in Southern California and totals 601 rooms.

Cottonwood holds final close for special situations strategy on $1bn

The Los Angeles-based manager has used the fund to add exposure to logistics, data centers, multifamily and mixed-use assets.

Texas ERS names new head of real assets

Head of private real estate Amy Cureton takes over for longtime real assets lead Bob Sessa, who has retired after 25 years with the fund.

PCCP funds $162m construction loan for New Jersey multifamily development

Ironstate secured the financing for the development of a mixed-use residential project in NJ’s Hoboken submarket.