Sectors

Benefit Street Partners closes $1bn CRE CLO

Franklin BSP Realty Trust’s Comparato breaks down the transaction, which marks a bright spot for a quiet sector.

BKM Capital: Industrial assets escape interest rate scourge

While prices and the availability of financing have fallen as interest rates remain high, the industrial sector is on a different trajectory, BKM Capital Partners said in a white paper released this week.

Affinius, Bank OZK fund $135m SoCal industrial development

The loan will be used by DECA and Wildcat joint venture to build Perris Gateway.

EQT Exeter taps New York Life, State Farm to finance core industrial play

The insurers financed two warehouse buys by the manager’s non-traded REIT.

Värde funds $185m refinance for 20-asset self-storage portfolio

The Minneapolis-based manager originated the funding for a joint venture between Metro Storage and Fremont Realty Capital.

Invesco’s Rose looks to scale debt platform amid bank pullback

Closings are ticking up as borrowers re-enter the market, but wider activity is still tempered.

Blackstone lines up $400m from Sumitomo Mitsui for industrial refinancing 

The Tokyo-based multinational bank provided the loan for a 25-asset industrial portfolio.

Speedway Commerce Center races toward development

CBRE Investment Management and Hillwood Partners plan to redevelop a land parcel adjacent to the Auto Club Speedway in California’s Inland Empire into an industrial mega-development.

LaSalle sees a new core emerging for commercial real estate lending, investing

Co-CIO Rich Kleinman says more niche categories are entering the mainstream with prior portfolio staples such as office investments in value limbo.

Bank OZK, BDT and MSD fund $756m financing for Inland Empire mega-project

CBRE IM and Hillwood will use the funding for Phase 1 of speedway conversion into a 6.6 million-square-foot industrial complex.