Regions

Real estate sponsors are sharpening their focus on asset management as operating costs keep the pressure on.

The joint venture this week recapitalized New York’s 620 Fifth Avenue via a five-year $320m loan.

The Charlotte-based manager has expanded his focus from US to global client portfolio management.

The $3.5bn transaction is the largest commercial mortgage-backed securities sale since 2021.

Amid a new round of promotions, hires and exits, one executive is leaving just months after being promoted to a global co-head role.

The manager could allocate up to approximately 25% of its sixth opportunistic fund toward real estate opportunities.

The Atlanta-based software provider, which helps commercial real estate developers manage development projects, saw significant increases in the number of capital sources used over the last three years.

The Philadelphia-based investment company is working with Historically Black Colleges and Universities to capitalize and development workforce developments.

The pair will combine senior and C-PACE financing to supercharge sustainable real estate developments and existing assets.