West

Kern County funds $160m in real estate credit commitments via core portfolio

The retirement association funded commitments to Hines-Rialto, Hudson Bay and TPG.

Office lending has a fresh lease on life in San Francisco

The city was hit hard by the covid-19 pandemic but is rebounding as occupancy and origination conviction is restored.

Nomura Securities goes solo on $719m SASB CMBS origination 

Nomura’s US commercial real estate platform launched its biggest SASB CMBS transaction to date.

Breakthrough, Tishman Speyer fund $90m life sciences mezzanine bridge loan

The sponsor, Gemdale USA, will use proceeds to refinance existing debt.

S3 Capital details next platform targets following $10bn milestone

The New York-based manager is looking for construction lending opportunities in and beyond the stateside Sun Belt market for its next $10bn of volume.

Wells Fargo, JPMorgan to originate $950m logistics CMBS

A joint venture between Blackstone, GIC and LBA landed the refinancing for a 41-property logistics portfolio.

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.