Randy Plavajka

A sponsor group including Redwood West, Panattoni and Prime purchased Victoria Gardens from Brookfield Properties and QIC in a $530 million deal.

The funding will help recapitalize and fuel development of the 289-key Hilton Miami Beach Convention Center Hotel ahead of its May opening.

Toll Brothers, DR Horton and Century Communities have made investments in the debt fund as AREC aims to raise $1bn in commitments.

The lenders jointly originated the financing to replace existing debt and fund the lease-up of the Class A, two-building Bridge Point Philadelphia.

The debt funding will be used alongside a $55m tax equity investment from JPMorgan Chase to retool RXR and One Investment Management’s 61 Broadway.

The planned developments of 2 World Trade Center and 350 Park Avenue in New York represent grail opportunities for private debt markets to participate.

Kennedy Wilson has steadily built its real estate debt platform alongside its global equity presence ahead of its privatization by the Canadian manager.

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.