alternative lenders

The financing will be used by Namdar Group to fund support construction and leasing for a pair of 43-story multifamily buildings in downtown Miami.

The firm exceeded its initial target of $1.5bn for the opportunity fund.

The firm is close to hitting $1bn in originations.

Prior to joining CIM, Shanley had long tenures at Haven Capital and SL Green Realty Corp.

The Hong Kong-based manager is 'going back to our roots' by emphasizing its pan-Asia strategies for institutional investors.

This episode of The PERE Podcast looks at how a quest by private markets' biggest managers to service private wealth and insurance capital alongside institutional investors is creating a set of industry behemoths.

The $370bn Sacramento-based pension fund has moved to support more multifamily and industrial-focused strategies, including a $250m commitment to Greystar’s second real estate credit fund closing this week.

Bridge Debt Strategies V’s investment plan includes originating first mortgages and buying debt securities.

The senior and mezzanine financing will be used to start development of the 200-acre Riverwalk San Diego project in Southern California.

The Federal Reserve’s move to cut interest rates by 25 basis points will help accelerate transaction volume through year-end, lenders believe.