West

Avila holds $100m first close for second debt strategy

The firm lined up Hillwood as a lead investment partner en route to its $1bn target and a June 2026 final close.

CalSTRS’ current real estate refocus is demonstrably including more credit

The $370bn Sacramento-based pension fund has moved to support more multifamily and industrial-focused strategies, including a $250m commitment to Greystar’s second real estate credit fund closing this week.

Bank OZK, Related fund $380m construction loan for $4bn Hines-backed project

The senior and mezzanine financing will be used to start development of the 200-acre Riverwalk San Diego project in Southern California.

ACORE funds $88m multifamily bridge loan

The floating-rate loan will allow the sponsor to complete lease up.

Pacifica lines up $126m hotel refinancing via Goldman, Peachtree

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

Cottonwood holds final close for special situations strategy on $1bn

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

Intervest, Builders originate $160m financing for Disney-branded resi development

The funding will be used for the completion of the first phase of Cotino, a 1,900-unit master-planned community in Rancho Mirage, California.

Exclusive: UCLA survey tracks expected California construction decline

The Summer 2025 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey highlights a subdued outlook for construction due to the impact of tariffs and trade tensions.