North America

Goldman funds $395m refinancing for New York’s 70 Pine Street

The New York City property was converted from an office building into a multi-use asset.

PTM Partners tracks rising distress, identifies short-term construction financing niche

The attainable housing specialist is seeing a push toward asset management.

Berkshire’s Schrumpf sees solid short-term lending pipeline

The Boston-based manager sees opportunities to move up in the quality spectrum in terms of both assets and partners.

Blackstone, Paramount nail extension for $975m San Francisco office loan

The loan on One Market Plaza, a San Franciso office tower, was one of the largest CMBS loans slated to mature in 2024.

NYCB stress spurs moves to resolve bank lending portfolios

Private credit lenders and other alternative sources of capital are already stepping in to work with national and regional banks to restructure loans.

Family office launches structured equity-focused real estate platform 

Pennington Partners has hired a team from Walker & Dunlop Investment Partners to make structured equity investments in industrial and multifamily properties.

BlackRock names new global co-heads of real estate

The executives will be the New York-based asset manager’s first dedicated heads of real estate since Marcus Sperber departed in 2019.

CenterSquare IM sees growing private lending opportunity as sponsors face higher-rate environment

Michael Boxer, a managing director, says operators are coming to grips with higher rates and are more willing to transact.

Sabal sees pivot toward bank lending partnerships

The California-based manager is seeing more opportunities as banks take closer looks at their balance sheets.

280 Park Avenue loan hits special servicing 

SL Green Realty Corp and Vornado Realty Trust will have to contribute substantial equity to extend the loan, per servicer remittance reports.