Debt

Real estate’s ‘mind blowing’ climate financing need and other COP29 takeaways

Property finance was on the agenda during week one of the 29th session of the Conference of the Parties to the United Nations Framework Convention.

PGIM bulks industrial and retail exposure with $450m loan streak

The Newark-based manager has been refinancing sizable portfolios and tacking on more concentrated one-off deals to fuel momentum.

DRC Savills’ Lattanzio sees global capital returning to debt markets 

The London-based investment management company is seeking a cornerstone investor for its US-focused lending venture with Quadrant Real Estate.

Pearlmark holds second close for latest mezzanine fund

The firm anticipates another capital closing before year-end and then a final close late in the first quarter.

Mavik swoops in for $172m Houston multifamily construction completion loan

The New York-based investment manager originated the financing for an affiliate of Raven Capital Management.

Nuveen Green Capital closes $220m office C-PACE deal

The transaction is a record for the Nuveen affiliate and will be used to recapitalize a Class A office building in San Jose.

Hines, Rialto hold first close for targeted $2.5bn office-focused credit fund

The partners see potential to originate loans on high-quality office properties around the US.

RXR sets out credit expansion priorities

The New York-based manager has tapped veteran lender Steven Schwartz to head up its real estate credit platform.

NYSTRS ups real estate debt investments

The New York-based pension is increasing its allocation from $1.1bn to $1.3bn.