offices

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.

The consortium of borrowers includes German institutional investors, developer SHVO and Deutsche Finance America.