North America

Barings, Counterpointe join forces for $315.5m LA construction financing package

The live-work development’s funding includes a $155.5m C-PACE component.

Gul, Fishbach lay out Mesa West expansion framework 

The pair, veterans of the Los Angeles-based real estate private credit manager, are planning an expansion while maintaining the firm’s core focus and values.

Nuveen Green Capital funds $190m C-PACE loan for Virgin Hotels Las Vegas 

The financing marks the largest C-PACE deal to date in Nevada.

Northwind funds $75m loan for NYC office-to-residential conversion 

Sponsors Metro Loft Management and David Werner will convert the former Pfizer headquarters in midtown Manhattan.

Slate, Fundamental tap JPMorgan for $210m NYC affordable housing refi

JPMorgan Chase structured the transaction via Freddie Mac’s Multifamily Q series.

DWS’s Henderson sees end of real estate capital markets recession

Todd Henderson, co-global head of real estate at New York-based manager DWS, believes interest rates will be range-bound in the coming months.

Blue Owl’s Zahr outlines real estate credit opportunity set 

The New York-based investment manager earlier this year completed two significant acquisitions, said Marc Zahr, co-president and head of real estate.

Leste Credit prepares to scale small-balance lending platform 

The firm is stepping into areas that were once more prominently the domain of banks.

Powell signals long-anticipated interest rate cut

Speaking at the Federal Reserve’s annual 2024 Jackson Hole conference, chairman Jerome Powell delivered the news that the US central bank could cut rates at its September meeting.

Cale Street, Farallon fund $985m Manhattan condo refi

The financing for Zeckendorf, Atlas and Baupost will fund the construction of the luxury 80 Clarkson development.