offices

Benefit Street Partners, ORIX USA and Harbor Group International share their outlook for interest rates, borrower headwinds and mortgage real estate investment trusts. 

Sponsors Taubco and Landau Properties are planning to building a trophy office on Bay Harbor Island.

The transaction is a record for the Nuveen affiliate and will be used to recapitalize a Class A office building in San Jose.

The partners see potential to originate loans on high-quality office properties around the US. 

The New York-based manager has tapped veteran lender Steven Schwartz to head up its real estate credit platform.

Puente Hills Mall, a roughly 56-acre mall in the City of Industry, California which is best known as a filming location in Hollywood blockbuster Back to the Future, is set to undergo a major redevelopment.

The index was at 23.71% in July, compared with 23.25% in June and 22.91 percent in May.

The Lending Barometer tracked 96 loans totaling $12.67bn across July and August, a level that is 15% lower than the prior two-month period.

In this podcast, MSCI’s Jim Costello and Northwind’s Ran Eliasaf discuss softer headwinds for the office sector as well as the opportunity to lend on high-quality assets and perform office-to-residential conversion programs.  

Lenders are willing to originate office loans, but only for the buyers of a specific profile of workplace.