United States

Goldman Sachs, Barclays lead $500m San Francisco office refinance

The funding will be used by Uber, Golden State Warriors and Alexandria JV to refinance a pair of office buildings on the Chase Center campus.

Blue Owl plans commingled real estate credit strategy launch

With Jesse Hom at the helm, the firm is building up its real estate credit platform after the acquisition of Prima Capital Advisors.

New York’s MetLife Building slated for $1.5bn CMBS refinancing 

The commercial mortgage-backed securities market continues to be a home for large-scale refinancings for Class A office properties.

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.