debt

New York Life Insurance Company and MetLife Investment Management funded the loan. 

The New York-based lender has added exposure in Honolulu’s Ala Moana submarket with one of the largest deals signed so far in 2023.

The platform aims to provide senior debt solutions for borrowers focusing on transitional properties in key growth markets.

One-third of the maturing loans were made by CMBS lenders a decade ago; the report also finds transaction volume in February plunged from the previous year.

Blackstone's president and chief operating officer considers real estate debt to be ‘an area of growth' for the firm.

Investors are paying more attention to secular changes, including energy cost volatility and moves toward ESG.

Should the CMBS market be used to resolve potential problems at regional banks, there are questions about how this could play out, however. 

The discounted sale of the class A Los Angeles tower sheds some light on where values are today but does not consider a more normalized working environment. 

The financing was originated on behalf of Encinitas, California-based manager, Robert Green Company.

The manager has worked with third-party advisers to devise a sustainable lending framework.