United States

Ivanhoe Cambridge lands $1.13bn refinancing for 3 Bryant Park

Wells Fargo, Bank of America and Bank of Montreal led the financing recharge for the Midtown Manhattan office tower.

Affinius funds $111.5m Denver residential development package

Trailbreak Partners will use the financing to build 295-unit Kaia Residences in the city’s Golden Triangle neighborhood.

Chicago pension tables real estate debt investment

The Chicago Teachers’ Pension Fund committee is holding off on a $30m allocation to Basis Investment Group following its February meeting.

PACE Loan Group closes $24m C-PACE renovation deal for LA office tower

Oaktree Capital Management will use the funds to retroactively finance work on the 444 South Flower Street tower.

Barings, Apollo originate $113m refinancing for downtown Indianapolis hotel

The deal will recapitalize KSL Capital Partners’ convention center-adjacent Westin Indianapolis property.

Driftwood lines up $207m construction financing for luxury hotel

The financing for the Westin Cocoa Beach Resort & Spa includes a $137m C-PACE loan.

Mesa West funds $92.5m loan to refinance Seattle multifamily assets

The manager doubled down on the post-pandemic improvement in Seattle’s multifamily market.

New York Life funds $191m North Carolina mixed-use development

The capital will be used by Hines, Affinius Capital and Columbia Development for master-planned community near Downtown Raleigh.

Los Angeles wildfires threaten $1.27bn in CMBS

Damage from the devastating fires has had a less significant impact on the commercial sector, according to reports from data provider Trepp and rating agencies Fitch and KBRA.