Randy Plavajka
Florida-based manager looks to elevate $750 million fund to capitalize on private lending opportunities.
The loan on One Market Plaza, a San Franciso office tower, was one of the largest CMBS loans slated to mature in 2024.
Private credit lenders and other alternative sources of capital are already stepping in to work with national and regional banks to restructure loans.
Michael Boxer, a managing director, says operators are coming to grips with higher rates and are more willing to transact.
The real estate manager took a minority stake in New Jersey-based infill industrial investment manager Faropoint at the end of 2023.
Indraneel Karlekar returns to the New York manager, where he previously headed research during his days with affiliate ING.
Michael Berman will shift from chief executive to executive adviser, as M&T taps Michael Edelman as his successor.
CIO Wes Fuller says the firm will put a greater focus on strategic partners and growing its investor base.
Non-bank lenders signal strong appetite to capture market share at the industry group’s annual conference in Miami.
London Bay will use the funding for the first phase of a Ritz-Carlton development in Bonita Springs.