Randy Plavajka

The Slate Property Group lending arm has ramped up construction completion lending with increased demand for development capital.

CBRE Investment Management and Hillwood Partners plan to redevelop a land parcel adjacent to the Auto Club Speedway in California’s Inland Empire into an industrial mega-development.

Slate Property Group in March originated a roughly $60m loan to reignite a stalled multifamily development in the Astoria neighborhood of Queens, New York.

Berkadia arranged two of the financings, which will increase the Arkansas-based lender’s presence across South Florida.

Co-CIO Rich Kleinman says more niche categories are entering the mainstream with prior portfolio staples such as office investments in value limbo.

A divide exists between senior managers and more junior staffers, according to a survey completed in June 2023 by Real Estate Capital USA and the CRE Finance Council.

JPMorgan has originated a $500m senior loan to help build the mixed-use development One Beverly Hills.

CBRE IM and Hillwood will use the funding for Phase 1 of speedway conversion into a 6.6 million-square-foot industrial complex.

The New York-based manager is expected to close $300m in loans over the next 30 days as debt funding gaps and needs persist.

Freddie Mac provides $335m of funding alongside investments from CPP and Harbor Group.