Randy Plavajka

The duo extends their long-standing relationship in a transaction led by the Beverly Hills-based manager’s executive suite with funding from Fairfax.

The CBRE-arranged funding will be used by owners Shorenstein and Stiles to capitalize 110 East following the asset’s 2024 delivery.

The 20-story tower in Manhattan’s Financial District will be converted into a 382-unit multifamily property with a mix of market-rate and affordable housing.

JEMB Realty will use the $8m loan to fund Herald Towers' infrastructure upgrades alongside existing debt from Blackstone and Corebridge.

InterVest has secured an $867m financing package to convert the long‑vacant building into a 30‑story luxury residential tower, marking one of the largest single‑asset office‑to‑residential conversions in the market.

Banks behind Oracle-backed construction projects are shopping loan stakes to commercial real estate private credit lenders and forcing deeper risk considerations as a consequence.

The floating-rate bridge loan will be used by L&L Holding Company and Oak Row Equities to retire construction debt and fund remaining leasing costs.

The firm struck a near-split between refinancing and acquisition deals across $4.5bn of loan commitments in 2025 across North America and Europe.

Robert Holuba will oversee the merged private real estate platform at the Pennsylvania manager while Dean Frankel will continue leading the public platform.

Managers and market participants are still expecting one or two more reductions following comments from Federal Chair Jerome Powell this week.