CMBS

Nomura Securities goes solo on $719m SASB CMBS origination 

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

Barings, North Carolina pension expand partnership with $2.1bn commitment

The Charlotte-based manager has been making a broader push to expand its US and global real estate platforms via public pension funds and other investors.

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.

Rithm Capital lands $515m refi for Manhattan office tower

Real estate private credit lenders helped complete the capital stack, which comprises a $415m CMBS loan, a $40m B-note and a $60m mezzanine loan, according to Newmark.

Downgrades hit CMBS deal tied to troubled Paris office property

Credit rating agency KBRA took the action following the latest valuation of the asset.

More data will help spur Europe’s real estate lending market

The region’s institutional equity markets are reasonably transparent. The private debt markets must follow suit.

What private real estate lenders can learn from David Bowie

This week’s CRE Finance Council conference in New York used the music of the legendary rocker to put today’s market into context.

Lone Star-led JV lands $122.65m in bridge loan for 600 California Street

The sponsors acquired the property through a distressed commercial mortgage-backed securities loan.

BGO on separating signal from noise in global real estate credit

Access to detailed information at both market and asset level will determine real estate credit managers’ ability to identify and price risk in a fast-changing market, argues BGO’s Jim Blakemore.

Brookfield lands $1.9bn CMBS refinancing for Hudson Yards office 

The New York-based manager re-ups on its trophy office asset stake in the Hudson Yards submarket.