Regions

Ares sees strong fundraising momentum with $2.8bn in debt commitments

The New York-based manager also is raising a targeted $1.5bn US and European real estate debt fund.

Smith Hill brings on Stein to expand debt platform

The Procaccianti Companies affiliate adds a two-decade veteran of Torchlight Investors, Brookfield and Credit Suisse to its lending team.

Office lending has a fresh lease on life in San Francisco

The city was hit hard by the covid-19 pandemic but is rebounding as occupancy and origination conviction is restored.

Exclusive: Eldridge funds $278m refinancing for trophy Atlanta office

The financing comes amid a resurgence in activity for high-quality office properties.

Loans in focus: AB’s Brooklyn mixed-use refi; PGIM’s industrial recap; Blackstone’s multifamily bundle

In today’s edition, AllianceBernstein is extending its year-to-date lending run with a $137.5 million refinancing deal in Brooklyn’s Bedford-Stuyvesant submarket; PGIM is adding to its industrial debt portfolio with a $213 million cross-collateralized package spanning major US markets; Blackstone is preparing a swath of multifamily assets for a commercial mortgage-backed securities loan; and more in our round-up of global loan deals from the past week.

Blue Owl nears $1bn raised across real estate and data center credit strategies

The New York-based manager noted it is drawing closer to $1.5bn targets set for the first vintage in each series during its Q2 earnings results.

AllianceBernstein funds $137.5m refi for Brooklyn mixed-use tower

The Nashville-based manager extends its Northeast US lending streak, which has largely bulked multifamily and industrial sector exposure year-to-date.

Industrial outdoor storage moves toward the institutional inner circle

Private real estate credit managers seeking to diversify their investments in alternative sectors are primed for more in the industrial sub-category.

Urban Investment closes $116m construction loan for Syracuse resi overhaul

The funding is part of a $269m recapitalization for BFC and SAA Canopy’s planned 393-unit rebuild of Parkside Commons.

Nomura Securities goes solo on $719m SASB CMBS origination 

Nomura’s US commercial real estate platform launched its biggest SASB CMBS transaction to date.