Construction

CounterpointeSRE closes $156m C-PACE deal for Brooklyn studio development

The funding will be used alongside $148m in financing from Farallon Capital Management to build a pair of film production assets.

Changing consumer habits will reshape lenders’ approach to cold storage

The prevalence of temperature-controlled medications like GLP-1s and a reverse impact on certain food demand will force an underwriting change in the niche real estate sector.

Underfunded capex driving hotel delinquency jump

A lack of reinvestment is exposing weaknesses in hotel portfolios, tightening the screws on financing options.

Exclusive: S3 Capital closes $255m loan for New Jersey riverfront development

The funding will be used by Maxal Group to build the first phase of a $1bn mixed-use project in Edgewater, which includes a 25-story, 381-unit luxury apartment tower.

Brookfield closes $300m loan for Manhattan office-to-residential conversion

The funding will be used by Vanbarton Group to acquire and redevelop a Midtown office tower into a 441-unit residential property.

Exclusive: Affinius, Axonic launch construction lending venture

The partnership is expected to align two firms’ expertise in mid-market construction financing.

Bayview closes $180m C-PACE development deal for Miami high-rise

The funding will be used by North Development alongside a $40m loan from Core Capital to build the 35-story Domus Brickell Center residential tower.

Why C-PACE capital is set to land more record deals

Nuveen Green Capital issued its largest-ever C-PACE debt this week via a $290m mid-construction loan for a Tampa mixed hotel and residential development.