The city's chief climate officer is ‘serious’ about enforcing Local Law 97 to reduce carbon emissions of the city’s biggest assets by 2030.
The Los Angeles-based real estate manager is seeking more large-scale projects.
The New York-based mortgage real estate investment trust sees a dearth of financing for small- to medium-sized borrowers in the space.
The New York-based alternative lender originated the loan on behalf of MCR Hotels and Island Capital Group.
Affiliate title PERE’s America Forum puts debt center stage; Fannie Mae and Freddie Mac will be tapering their multifamily lending caps by $5 billion each under 2024 guidance; CBRE research shows insurance lenders are gaining market share as banks and private credit managers cede ground; and more in today’s Term Sheet, exclusively for our valued subscribers.
The US commercial mortgage-backed securities market is gearing up for a strong finish to 2023 after a tepid year of issuance.
The firm has launched the strategy at a time when real estate financing ‘is a pretty broken market,' according to CEO Jon Winkelried.
As insurance costs rise, the commercial real estate market is assessing the impact of natural disasters on a local and asset-specific basis.
WeWork’s Chapter 11 bankruptcy filing will affect nearly $19 billion of outstanding commercial real estate debt; PCCP kicks off fundraising efforts for another real estate credit strategy to succeed its $1.7 billion predecessor; the office conversion wave gains more momentum with the planned redesign of New York’s iconic Flatiron Building; and more in today’s Term Sheet, exclusively for our valued subscribers.
The Irvine, California-based manager will acquire properties on an all-cash basis before lining up debt when interest rates normalize.