Al Barbarino
Bankruptcy filing by Canadian property developer spurs ruling for $48 million repayment to bond investors in Tel Aviv.
The $60m loan will go toward the development of a condominium tower in the Manhattan neighborhood.
.bmp?id=12885345274 "Blackstone’s BREDS III raises more than $2bn")
Several recent sizeable commitments from LPs have helped Blackstone’s real estate debt business to reach a second close on its third fund.
.jpg?id=19327353638 "Related’s inaugural CRE debt fund to target larger deals")
The manager, which has invested 85 percent of its real estate lending joint venture with Highbridge, could seek up to $2 billion as it seeks to boost the size of its deals.
The firm has been deploying capital from its fourth fund, which is targeting $450m, toward residential properties in major US cities.
The country is outpacing other international investors in terms of US CRE volume, according to preliminary data from Real Capital Analytics.
.jpg?id=19327369489 "Mesa West raises over half of $750m target on Fund IV")
The Los Angeles-based real estate firm has gathered $370m towards its latest debt fund.
The real estate firm has provided first mortgage debt to two borrowers for the acquisition of multifamily housing in Los Angeles.
The alternative investment firm has inked a deal with Fannie Mae for a $2.7 billion loan supporting its acquisition of the Stuyvesant Town complex in New York. Wells Fargo is originating the 10-year loan.
.jpg?id=12885347715 "New York Life, TIAA-CREF team up on $648m Boston loan")
The two firms have reportedly split the loan between them.