Lending

Urban Standard expands GCM Grosvenor lending venture

The New York-based manager is targeting $1bn of additional loan originations as part of the expanded partnership.

A lesson in assessing risk in real time

The Trump administration’s on-again, off-again tariff policy is a lesson in resilience for commercial real estate debt and equity managers.

Real estate credit welcomes the return of liquidity

Lending is gaining momentum, starting with a resurgent CMBS market, which saw $36.3bn worth of issuance through mid-March, up from the $14.4bn seen during the same period in 2024.

UK REIT M&A activity presages global consolidation push

Value creation and the need to scale will push more real estate investment trusts and private investment companies into consolidation mode, according to Tim Bodner, a partner in PwC’s real estate practice.

CMBS markets march forward with surge in new origination

The strong pace of originations provides an indicator of upbeat sentiment across the wider commercial real estate finance markets in the first months of 2025.

Ares and Goldman back $1.8bn shopping center portfolio deal

Retail-focused manager RCG Ventures has closed on the first phase of its deal to take private 100 assets owned by listed REIT Global Net Lease.

Office-to-resi conversions gain steam in New York 

A pair of $100m+ financings originated over the past month demonstrate the increase in traction for residential conversions.