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Commercial real estate prices in the US declined in January for the first time since 2010, an indication that the six-year climb of property prices may have reached a peak, experts say.

Capital One has provided a $150 million loan to an affiliate of Jack Resnick & Sons to refinance a 417,000 sq ft Class A office building at 215 Fremont Street in San Francisco’s South of Market District (SoMa).

Neil Hasson, the former head of European real estate lending for Macquarie, has been hired by Investcorp to spearhead its European property investment programme.

UK retail REIT Hammerson is aiming to raise €500 million through a bond issue in order to partially refinance the revolving credit facility which funded its purchases of an Irish loan portfolio and a shopping centre in Birmingham.

ING Real Estate Finance and BNP Paribas have teamed up to provide a €160 million loan secured against a shopping gallery in the Italian city of Milan.

Bank of America Merrill Lynch (BAML) has released initial price thoughts for its latest CMBS, the €317.05 million Taurus 2016-1 DEU which is backed by a German retail portfolio owned by Blackstone.

Phoenix, Arizona, known for its sunshine and warmth, is getting particularly hot according to Mesa West Capital, a top US non-bank commercial real estate lender that is bullish on the so-called Valley of the Sun.

Capital & Regional is reviewing options for the refinancing of the £380 million loan secured by The Mall shopping centre portfolio, which is due to mature in 2019. The group is targeting a refinancing or restructuring of the debt this year.

Irish housebuilder Cairn Homes has increased the size of an existing €150 million debt facility provided by Allied Irish Banks (AIB) by adding Ulster Bank as a lender.

The private equity firm purchased the portfolios for an undisclosed amount from two separate Italian securitisation vehicles majority-owned by GE Capital Real Estate and Royal Bank of Scotland respectively.