Private credit real estate managers will need to wait longer still for interest rate changes, as the Federal Reserve holds steady; Public Sector Pension Investments channels CMBS momentum for a $1 billion refinancing package for The Wharf; Brookfield lays out real estate leadership succession plans with Brian Kingston’s shifting responsibilities; and more in today’s Term Sheet, exclusively for our valued subscribers.
The fund is designed to offer alternative capital solutions for multifamily borrowers.
Commercial real estate has weathered worse economic storms than what is being seen today, said attendees at the CRE Finance Council’s June conference, held this week in New York.
The CRE Finance Council’s June conference was full of optimism, despite macroeconomic and geopolitical instability; Jadian Capital has secured a $231 million loan from Blackstone Real Estate Debt Strategies to fund upgrades to a 43-property industrial outdoor storage portfolio; Manhattan’s Independence Plaza landed a $675 million commercial mortgage-backed securities refinancing, and more in today’s Term Sheet, exclusively for our valued subscribers.
The asset management giant's long-time property chief will transition to executive chair, according to an internal memo.
Commercial real estate returns saw consecutive increases, signaling long-term market recovery, analysts said.
Concerns are rising over a slower commercial real estate recovery.
The PERE Podcast breaks down PERE’s latest manager ranking and a shifting capital formation landscape with BGO’s John Carrafiell and APG’s Robert-Jan Foortse.
Real estate debt managers trade places and hold ranks with the release of 2025’s PERE Credit 50; the Trump administration’s latest budget proposal could hinder international capital raising efforts for US managers; Northwestern Mutual doubles down on New Jersey industrial development with $300 million financing; and more in today’s Term Sheet, exclusively for our valued subscribers.
Advance Realty and Greek Development will use the funding for phase two of Linden Logistics Center in New Jersey.