United States

CenterSquare combines private debt and equity teams following co-CIO appointments

Robert Holuba will oversee the merged private real estate platform at the Pennsylvania manager while Dean Frankel will continue leading the public platform.

New York State Teachers makes $125m SL Green allocation

The $159bn retirement system currently has 15% of its portfolio allocated toward real estate, against a 17% target.

Bank OZK funds $132.5m construction loan for Coral Gables residential project

The Allen Morris Company has secured a total of $27m of construction debt for its 57-unit Ponce Park condominium development in the past two months.

Mesa West funds $200m San Francisco multifamily deal

The borrower is a joint venture between Interstate Equities Corporation and PGIM.

Bayview taps into Florida C-PACE momentum with $200m financing

The funding will be used alongside equity and EB-5 capital for Okan Group-backed development of a 72-story mixed-use tower.

Interest rate concerns are shifting toward near-term leadership stability

Private credit managers at CREFC’s annual Miami conference expect one to two more rate cuts this year, though the potential end of Jerome Powell’s tenure adds volatility.

Hines sees near-term deglobalization trend hit commercial real estate capital flows 

The Houston-based operator and investment manager continues to see robust investor interest in commercial real estate despite a trend toward domestic allocations.

SL Green secured a $480m loan for its acquisition of Park Avenue Tower

The office owner obtained a financial boost for the expansion of its Park Avenue office portfolio.