Ripco Expands Debt Platform and Peebles Corp. Launches Lending Arm

Ripco Expands Debt Platform and Peebles Corp. Launches Lending Arm Last week, Ripco Real Estate took a big step in growing its debt business with the additions of Meridian brokers Adam Hakim and James Murad; Don Peebles appointed industry veteran Sten Sandlund to serve as CEO of the firm’s newly launched lending platform; and new higher-than-projected inflation data puts the commercial real estate industry’s hopes for a near-term interest rate cut in limbo. Ripco Nabs Adam Hakim, James Murad From Meridian to Expand Debt Platform Ripco Real Estate hired Adam Hakim and James Murad from Meridian Capital Group in a move aimed at boosting the brokerage firm’s presence in the debt capital markets, Commercial Observer first reported. [Read More]( Top Deals Of The Week   - Citi Provides $155M [CMBS Loan]( for Chelsea Property - Gotham Organization, Monadnock Development Secure $270M for [Housing Project]( - Scale Lends $150M to Finish [Bronx]( Multifamily Property - TPG Real Estate Credit Provides $104M Acquisition Loan for [Boston]( Parking Garage - Kennedy Wilson Lends $83M on [Sarasota]( Apartments Build - Ready Capital Refis [Arizona]( Apartments With $60M Loan - Dwight Mortgage Trust Refis [Oregon]( Apartments With $59M Loan - [Apple Bank]( Provides GFP Real Estate With $54M Refi for SoHo Office - Bravo Property Trust Provides $46M [Construction Loan]( on New Jersey Resi Tower - Dwight Mortgage Trust Refis [Nevada]( Multifamily Property With $30M Loan - CL Credit Provides $24M Refi for Bronx [Affordable Housing]( Development Guest Columnist   AI’s Rising Tide Has Potential to Transform Commercial Real Estate The rise of artificial intelligence represents a fundamental shift in how all industries will operate, including the commercial real estate sector, wrote Petra Durnin, head of market analytics at Raise Commercial Real Estate. [Read More]( People Moves   Lee & Associates Taps Avison Young’s Todd Korren to Lead NYC Leasing Lee & Associates NYC has tapped Avison Young’s Todd Korren to head up its New York leasing team. [Read More](   Other Stories From This Week   Peebles Corporation Launches Private Credit Lending Arm Don Peebles has tapped industry veteran Sten Sandlund to serve as CEO of the firm’s novel lending business. [Read More]( Housing Drives Much of the Inflation Increase in March Inflation rose higher this past month than at any point since September 2023, and housing and gas prices were largely the culprit. [Read More]( InterVest Forms Partnership With Builders Capital, Acquires Minority Stake As part of the transaction, New York-based InterVest will invest up to $500 million in Builders and also acquire a minority interest in the Puyallup, Wash.-based firm. [Read More]( CRE Borrower Budgets Are Under a Lending Microscope in 2024: ULI Panelists As commercial real estate sponsors grapple with “higher for longer” interest rates, their operating expenses are facing far more scrutiny when it comes to underwriting loans, according to lenders at the Urban Land Institute spring meeting. [Read More]( What We're Reading This Week   - Boston eyes [commercial tax hike]( to counter office market dip [Bloomberg] - How low will they go? Wall Street’s big rethink on [interest rate cuts]( [NYT] - Fed wants more confidence that [inflation]( is moving toward 2% target, meeting minutes indicate [CNBC]   [View in Browser]( | [Advertise]( | [Forward to a Friend]( [Manage your email preferences or unsubscribe]( [Share your thoughts: Help us improve with our quick feedback survey!]( [Commercial Observer]( © Copyright 2024 [Observer Media]( 1 Whitehall Street, Floor 7, New York, NY 10004 This newsletter was published 04/15/2024