North America

Analysis: How lenders and advisers are accelerating their use of AI

Though industry adoption is in its early stages, more managers are moving to embed AI into their business strategies.

Northwind’s $65m Jersey City office loan shows path forward for beleaguered sector

A narrative is emerging for high-quality offices that sit between behemoths like New York’s One Vanderbilt and commodity properties.

Blue Owl Capital acquires Prima, hires GIC vet in private credit push

Jesse Hom will join the firm in June as it looks to expand its real estate presence amid bank lending pullback.

L&L completes $911m refinancing for New York’s 425 Park Ave

The roughly 670,000-sq-ft trophy office is about 90% leased.

Kriss Capital originates $185m loan for Midtown condo financing

The JLL-arranged deal will retire existing debt for Navigation Capital Partners ahead of sales efforts.

Scale Lending originates $150m construction completion loan for Bronx project

The Slate Property Group lending arm has ramped up construction completion lending with increased demand for development capital.

Apollo funds Brookfield apartment acquisition via $410m financing

Toronto-based Brookfield acquired the San Francisco properties via a foreclosure.

Deep Dive: Private real estate’s surprise problem child

Default risk in the multifamily sector is growing, catching out some managers and their investors – while creating opportunities for others.

Capital watch: Fundraising flat in Q4 2023

North America-focused commercial real estate debt funds raised roughly $20.06bn for new vehicles in the fourth quarter of 2023.

Bank OZK extends debt streak with $600m Miami-area construction loan trifecta

Berkadia arranged two of the financings, which will increase the Arkansas-based lender’s presence across South Florida.