REC staff
PGIM Real Estate keeps rolling in California with a $143.5 million bridge loan package; KBRA report finds old and dated office assets face more potential distress across top US cities; Colliers adds veteran pair to supercharge Western US expansion; and more in today’s Term Sheet, exclusively for our valued subscribers.
Market analysts anticipate pause to slight bump on rate hikes at next week’s Federal Reserve meeting; Apollo subsidiary Athene originates $480 million studio redevelopment financing as insurers gain more lending ground in bank absence; more equity and preferred equity comes into play as ‘blend and extend’ financing methods pick up in usage; and more in today’s Term Sheet, exclusively for our valued subscribers.
The Federal Reserve is expected to follow a higher-for-longer interest rate strategy; Apollo Global finances QIA's acquisition of the Park Lane hotel in New York; the jury is still out on the impact of the SEC's new rules for private fund advisers on the commercial real estate space; and more in today’s Term Sheet, exclusively for our valued subscribers.
Fortress Investment Group carves against the grain with the acquisition of a $900 million Capital One office loan portfolio, despite the sector's headwinds; Unibail-Rodamco-Westfield demonstrates it sees a future for a Los Angeles mall with a $925 million Morgan Stanley CMBS refinancing; Berkadia analysis shows bank failures have not halted lending despite heightened credit standards; and more in today’s Term Sheet, exclusively for our valued subscribers.
US regulators look to boost bank capital requirements in Basel III proposal; Ares’ senior leaders talk real estate debt opportunities during quarterly earnings; Banco Inbursa originates $220 million financing to fuel Silverstein, MetroLoft New York office tower conversion plans; and more in today’s Term Sheet, exclusively for our valued subscribers.
The US Federal Reserve plans to create more stringent bank regulations; KKR’s Ralph Rosenberg dives into the manager’s focus on distressed assets in still-favorable sectors; San Francisco’s real estate market has cause for optimism heading into future quarters; and more in today’s Term Sheet, exclusively for our valued subscribers.
Defensive investing in the current low interest rate environment was among the central themes at the annual real estate conference of our sister publication PERE in New York.
Real estate debt looks well positioned compared with corporate debt, maintains Justin Guichard of Oaktree Capital in this interview shot at sister publication PDI's New York Forum.
The real estate lender is charging a 1.5% management fee, according to Arkansas pension fund documents.
There has been a drop in Asian inbound and outbound capital flows, as well as noticeable tenant retrenchment in southern China cities, according to Colliers International’s latest research.