West

Lenders eye San Francisco as office market moves toward equilibrium

As more green shoots emerge in leasing activities, lenders are more open to the city’s office market while it is on the way to further recovery.

Hudson Pacific lands $475m CMBS loan for West Coast office portfolio

The loan is a bright mark for the Los Angeles office market and West Coast offices after an early-year string of trophy refinancings.

C-PACE goes mainstream as originations near $10bn

Nuveen Green Capital’s Jessica Bailey talks about the potential runway for the niche financing strategy.

SDS Capital launches $1bn affordable housing debt platform

The Los Angeles-based manager will provide below-market permanent and construction loans.

Blackstone secures $2.8bn CMBS loan for retail REIT buy  

The proceeds will be used to finance the manager’s $4bn acquisition of Retail Opportunity Investments Corp.

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.

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.

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.

Los Angeles wildfires threaten $1.27bn in CMBS

Damage from the devastating fires has had a less significant impact on the commercial sector, according to reports from data provider Trepp and rating agencies Fitch and KBRA.