Construction

S3 originates $300m construction loan for Queens mega-development

The funding will be used by KS Group and Alma Realty for the first phase of Astoria Cove project featuring four mixed-use rental assets.

InterVest, Bank OZK originate $253m construction financing for Nashville tower

SomeraRoad and Trestle Studio will use the funding to develop a 30-story combined hotel and condominium asset.

Forever 21’s story is not necessarily a total tale of woe  

Fast fashion retailer Forever 21’s plans to shutter its US stores illustrates a reversal of fortune for a group of tenants once considered must-haves by most retail landlords.

S3 originates $210m construction financing for Brooklyn mixed-use project

The New York-based manager has steadily grown its East Coast lending book with development financing opportunities.

JPMorgan, Starwood mortgage REIT write $2bn loan on CIM’s Utah data center campus

The funding will allow the CIM-led JV to add another 145MW to the project – output already spoken for by an unnamed hyperscaler.

GCM, Artemis-backed Brasa closes third opportunistic fund on $580m 

The firm, run by former AEW execs, targeted public pension investors via emerging manager programs.

Wellington hires PIMCO team for debt platform launch

Ravi Anand and three other PIMCO alum will establish the Boston-based manager’s real estate credit presence and outline plans for a flagship strategy.

Rapidly changing tariff regime stymies lenders, borrowers

The Trump administration has imposed and dialed back tariffs on major US trading partners for materials necessary for real estate development.

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.