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Blackstone has raised $4.5 billion for Blackstone Real Estate Debt Strategies (BREDS) III fund, sources confirmed to Real Estate Capital.
Fortwell Capital, the bridging finance specialist owned by Christian Candy’s CPC Group, has hired Arthur Jennings (pictured) from Qatar National Bank to lead its development finance drive.
German mortgage bank Berlin Hyp wrote €2.9 billion of new lending during the first half of 2016, an increase from the €2.2 billion originated during the same period last year.
Immofinanz, the Austrian property developer, has sourced a €34 million loan from pbb Deutsche Pfandbriefbank to refinance an office building in the Polish capital Warsaw.
Urbanest has secured a £350 million senior loan facility to refinance its five-asset, 2,520-bed central London student accommodation portfolio.
Republican presidential nominee Donald Trump has named a 13-man economic advisory team made up of an array of bankers, billionaires, businessmen and real estate bigwigs including Steven Roth, chairman and CEO of Vornado Realty Trust, and Howard Lorber of Vector Group.
Berkeley Point Capital has provided a $211.9 million refinancing on a 9-property portfolio to Steadfast Companies and its Steadfast Income REIT. The national lender of agency and non-agency multifamily loans provided the seven year, floating-rate loan through Freddie Mac.
Tritax Big Box REIT has secured a £72 million ($94.6 million) fixed-rate, interest-only loan against a three-asset portfolio, marking its first lending facility through Canada Life Investments.
The CMBS Delinquency Rate moved 16 basis points higher to 4.76 percent in July, marking the fifth straight month of increases, according to Trepp’s monthly report.
Italy’s real estate market had a boost investment the first two quarters of this year with over €3.4bn ($3.82bn) in transactions, nearly 35 percent higher than the same period last year, while more than half of those transactions were cross-border investment, shows a new report from Savills.