North America

AXA’s Curlow sees green shoots as denominator effect recedes

The Paris-based manager’s global head of research and strategy believes it will be difficult to predict timing on a potential recovery, however.

HGI’s Jones sees rise in asset management, gap financing

The Norfolk, Virginia-based manager believes lenders and borrowers will need to more actively manage assets in order to meet business plans.

Yellowstone buys defaulted CMBS loan on New York’s 1740 Broadway

The transaction could lead to an office-to-residential conversion for the Midtown office tower.

ACORE Capital closes largest debt fund of 2024 to date

At a size of $1.4bn, ACORE Credit Partners II is also the joint fourth-largest private real estate fund closed globally so far this year.

Madison Realty Capital hires Tejpaul to lead capital markets division

The former Affinius Capital head of credit capital markets will focus on private credit product expansion.

Q1 2024 Review: Managers expand lending platforms ahead of $930bn maturity wall

A growing number of commercial real estate managers have launched or expanded their lending platforms over the past three to six months.

PIMCO’s Trausch: ‘A tsunami of refinancing is coming’

Speaking at the PERE Network Europe Forum, the CEO and CIO of the asset management giant said Europe’s debt funding crisis is about to intensify.

Morgan Stanley, Societe Generale fund $429m refi of Blackstone hotel portfolio

The 23-hotel CMBS financing will recapitalize properties across 10 states.

New York nonprofit seeks to expand minority developer finance platform

The nonprofit finance company aims to fund affordable housing by providing financing and training to help minority-owned real estate developers expand.

L&L’s $911m Park Avenue office refinancing shows strength of trophy market

Monday Properties and Pacific Elm Properties this week also lined up financing for high-quality office assets.