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

BXMT reported positive investment and performance metrics, including an increase in performing loans and capital deployment in Q4 2025.

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.

Tim Johnson, global head of Blackstone Real Estate Debt Strategies, outlined the opportunity set around loan sales in the market today.

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. 

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

Income will increasingly be the focus for debt and equity managers seeking to deploy capital, says Rich Hill, senior managing director and global head of research and strategy at Principal Real Estate.