West

LACERA’s real estate head departs after two years

Terri Herubin was charged with overseeing a major restructuring of the California pension plan’s property portfolio.

X-Caliber, CastleGreen close $430.9m redevelopment financing for Hawaii hotel

The managers will be using a blend of senior debt and C-PACE capital to revitalize Reef Capital Partners’ 32-acre Coco Palms Resort in Kuaui.

Private real estate credit is rewriting the hotel redevelopment playbook

The revitalization of dated hospitality assets has found renewed life and capital from debt fund managers.

Madison Realty funds $375m loan for Jersey City mixed-use tower construction

The New York-based manager has tracked nearly $1.03bn in originations over the past two weeks across hotel, multifamily and office-to-residential deals.

KRE Capital Management debuts with $425m fund and $1bn-plus lending capacity

The Klirmark Capital-partnered platform will focus on US construction and bridge loans across the multifamily and for-sale residential sectors.

Madison Realty funds $115m refinancing for Santa Cruz resort

The property is the first luxury beachfront resort in Santa Cruz, California.

Northwind makes Los Angeles office debut via $132m financing

The loan was originated through Northwind Debt Fund III, the firm’s flagship closed-end credit vehicle.

Affinius closes $120m refi for San Diego multifamily mid-rise

The San Antonio-based manager continues its active 2026 lending pace with the backing of a 302-unit asset on behalf of AAA Management.

Nuveen Green Capital closes $223m C-PACE loan for Lake Tahoe resort

Realberry, Kor Real Estate Partners and Proper Hospitality will use the funding and a $75m Banc of California senior loan to redevelop the Cal Neva Hotel.

Bay Area sees rise in deeds-in-lieu sale as lenders move on distressed assets 

Potential investors see a brighter future for distressed properties as rental rates rise and job growth accelerates.