In this episode of The PERE Podcast, Goodwin Gaw, co-founder of Gaw Capital, shares his insights on how real estate investors can capture the upside of AI-led growth, while staying defensive against its risks.
The CBRE-arranged funding will be used by owners Shorenstein and Stiles to capitalize 110 East following the asset’s 2024 delivery.
The merged entity will boast a combined real estate heft of around $172bn in assets under management across equity and debt in all major regions.
The $136bn system has invested in the San Francisco-based manager’s ACORE Credit Partners III and its series predecessor.
The firm has also launched a targeted $150m fund focused on providing short-term loans to borrowers on the East Coast and in the Sun Belt.
The most significant commercial property financing transactions across US debt markets, collected in our data snapshot, updated every Tuesday.
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.
The San Francisco-based investment manager is collateralizing the deal with loans tilt toward multifamily, industrial and retail assets across 15 states.Â
JEMB Realty will use the $8m loan to fund Herald Towers' infrastructure upgrades alongside existing debt from Blackstone and Corebridge.
The US private-label CMBS market continues to be driven by large-ticket transactions.