offices

The duo extend debt for four years on the office asset amid sector volatility.

The firm is targeting more RIA and family office allocations to continue investment momentum.

The live-work development’s funding includes a $155.5m C-PACE component.

Sponsors Lloyd Goldman and David Werner see the potential to convert the building at 100 Wall Street into a residential property. 

The need for income means real estate private credit is becoming an indispensable allocation for investors.

Everyone agrees the office sector is under pressure, but no one agrees on where valuation is.

There will be several chapters to the story of the office sector's next recovery, says global chief investment officer David Steinbach.

When there is a dearth of capital for a sector, that could signal a time to look at the asset class more closely, said Peter Gordon, head of US commercial real estate debt.

Monday Properties and Pacific Elm Properties this week also lined up financing for high-quality office assets. 

A narrative is emerging for high-quality offices that sit between behemoths like New York’s One Vanderbilt and commodity properties.