Fed Pauses Interest Rates Again While Another Regional Bank Fails

Fed Pauses Interest Rates Again While Another Regional Bank Fails This week, Federal Reserve Chair Jerome Powell stressed that more progress is needed on the inflation front before the commercial real estate industry can look forward to lower interest rates; we examine the CRE impact of the most recent bank failure with Philadelphia-based Republic First Bank’s collapse; and Nicole Brickhouse leaves Walker & Dunlop to lead Continental Realty’s capital markets team. Fed Holds Interest Rates Again, Says More Inflation Progress Needed Before Cuts The Federal Reserve as expected kept interest rates unchanged for a fifth straight meeting Wednesday while also signaling that potential cuts may not arrive as early as many in commercial real estate would like. [Read More]( Top Deals Of The Week   - Franklin BSP Realty Trust Lends [$125M]( on Southwest Industrial Portfolio - Hudson Bay Capital Provides $55M [Refi]( for Denver Hotel - CIBC Provides $29M [Construction Loan]( for New Jersey Industrial Facility - Citigroup Provides $27M Loan to Refinance [Brooklyn]( Resi Portfolio - Merchants Capital Provides $29M Refi for [NYC Senior Housing]( Property - Dezer [Lands]($25M More for Bentley Condo Development in Sunny Isles Guest Columnist   Madison Realty Capital Adds Samir Tejpaul to Lead Capital Markets Business With commercial real estate owners facing a wall of maturities in the trillions of dollars, there is a door for private credit lenders to earn equity-like returns at a favorable position in the capital structure, writes Greg Friedman, CEO of Peachtree Group. [Read More]( People Moves   Continental Realty Appoints Nicole Brickhouse to Lead Capital Markets Team Baltimore-based Continental Realty appointed 15-year industry veteran Nicole Brickhouse from Walker & Dunlop as director of capital markets where she will lead debt strategies and project-level financing. [Read More](   Other Stories From This Week   CRE Markets Face Limited Impact From Republic First Bank Failure Republic First Bank, which had $5.87 billion of assets in late 2023, was shuttered just over a year after the 2023 regional banking crisis. [Read More]( Acore Raises $1.4B for New Credit Facility Targeting Distressed Capital Stacks Warren de Haan, the private lender’s CEO, told CO that the fund is looking to invest in top quartile real estate with broken capital structures. [Read More]( Macerich Poised to Sell or Hand Over Properties in Wake of Quarterly Loss The Los Angeles-based REIT, one of the largest owners and operators of shopping centers in the country, is poised to sell or hand over some of its properties to investors to help settle some mounting debt obligations. [Read More]( In a Showdown Over a Retail REIT, Accusations of Ineptitude From Both Sides Bruce Schanzer, former CEO of Cedar Realty Trust, believes shopping center owner Whitestone shortchanged shareholders. He wants a seat on Whitestone’s board. [Read More]( KKR Buying $1.6B Student Housing Portfolio From Blackstone REIT The investment manager agreed to purchase a 19-property student housing portfolio from Blackstone Real Estate Income Trust for $1.64 billion. [Read More]( What We're Reading This Week   - Commercial real estate debt is back with [170% jump]( in sales [Bloomberg] - Office-Loan [defaults]( near historic levels with billions on the line [WSJ] - Lenders race to buy back [delinquent]( multifamily mortgage loans [Bloomberg]   [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 05/02/2024