United States

Inside Ares and RXR’s New York office joint venture 

The Ares-RXR venture comes at a time when transaction activity in the city has started to tick upward and capital is starting to move.

Clarion hires Karlekar to head global research and strategy

Indraneel Karlekar returns to the New York manager, where he previously headed research during his days with affiliate ING.

SL Green to launch $1bn New York-focused office debt fund

The local investor has been a long-time debt investor alongside its equity portfolio.

M&T Realty Capital shakes up senior leadership

Michael Berman will shift from chief executive to executive adviser, as M&T taps Michael Edelman as his successor.

Brookfield takes control of Veritas multifamily portfolio in foreclosure auction

The transaction makes Brookfield the largest multifamily owner in San Francisco.

Blackstone’s defaulted 1740 Broadway loan sale hits the market

The $308m loan is expected to be sold for a 50% discount.

3650 REIT gets out of the gate with $145m of California construction loans

The financings come at a time when few lenders have been funding construction loans.

Bank OZK expands Florida presence with $215m condo construction loan

London Bay will use the funding for the first phase of a Ritz-Carlton development in Bonita Springs.

Bank OZK originates $220m for mixed-use Fort Lauderdale arts district project

Hines and Urban Street Development will use the financing for the first phase of a multifamily, office and retail project.

Lenders track San Francisco office sales for directional signals  

Lenders and investors believe some markets have started to hit bottom as trades come through.