United States

The financing comes amid a surge in lending activity for loans of more than $100m.

Pacific Elm Properties has repositioned the building from office to residential use.

JPMorgan and GoldenTree Asset Management are backing the new construction of a mixed-use medical office in Manhattan’s Carnegie Hill and East Harlem submarkets; Kayne Anderson is funding a planned luxury residential tower in Brooklyn; PCCP is putting up debt for a multifamily development in Hoboken, New Jersey; and more in our round-up of stateside loan deals from the past week.

The seven-hotel portfolio is in Southern California and totals 601 rooms.

The Los Angeles-based manager has used the fund to add exposure to logistics, data centers, multifamily and mixed-use assets.

Head of private real estate Amy Cureton takes over for longtime real assets lead Bob Sessa, who has retired after 25 years with the fund.

Ironstate secured the financing for the development of a mixed-use residential project in NJ’s Hoboken submarket.

The $495m financing package includes joint venture equity.

The lender sees continued opportunities for development in select markets.

The Atlanta-based manager doubles down on high-quality properties in key markets with accelerating lending activities.