Shihao Feng

Fitch Ratings has withdrawn its ratings on the deal, Progress Residential 2025-SFR3.

Josh Pristaw will take the helm of Clarion Partners, joining from Pretium.

The project is the second phase of a waterfront residential development the sponsor planned in Jersey City.

The transaction is the first loan originated through the lender’s latest debt fund.

Commercial mortgage rate spread analysis for January and February 2025.

As more green shoots emerge in leasing activities, lenders are more open to the city’s office market while it is on the way to further recovery.

At least seven CMBS SASB office loans totaling around $8bn came to market from January to mid-March.

The loan will be backed by 93 shopping centers, totaling 10.5 million square feet.

The loan is a bright mark for the Los Angeles office market and West Coast offices after an early-year string of trophy refinancings.

The New York-based manager this week rolled out a partnership with The Harbor Bank of Maryland as part of a broader effort to promote equitable access to capital.