It’s Here: Power Finance 2023

Power Finance 2023: The 50 Most Important Figures in Commercial Real Estate Finance This week, we release our Power Finance 2023 rankings of the 50 most powerful names in commercial real estate finance; the Federal Reserve indicates a pause in rate hikes; Madison Realty Capital lends $340 million on a Palm Beach Gardens condo development; and Nuveen’s Jason Hernandez gives us the lowdown on opportunities he sees in the debt markets. Power Finance 2023: The 50 Most Important Figures in Commercial Real Estate Finance Find out the honorees who made this year’s Power Finance List. [Read More](   Top Deals Of The Week   - Catalfumo Lands [$340M]( to Build Ritz-Carlton Condo in Palm Beach Gardens - Circle F and Rockfeld Score [$60M Refi]( on Meatpacking District Mixed-Use Property - BHI Lends $35M on [Brooklyn Apartments]( Build - Redwood Refis South Florida [Workforce Townhomes]( With $45M - Kairos Secures $175M [Fannie Mae Loan]( to Grow Affordable Housing     Guest Column   JPMorgan Chase’s Al Brooks Gives His 2023 Midyear CRE Outlook Multifamily, industrial and neighborhood retail are still going strong, but lingering market uncertainty could impact the Fed’s plan to curb inflation, writes Al Brooks, head of commercial real estate, commercial banking at JPMorgan Chase [Read More](   Q & A   Nuveen’s Jason Hernandez On ‘Broken Assets’ and the Finance Climate Now The Chicago native did deals at Acore and GE before taking over Nuveen's U.S. debt business. [Read More](   Other Stories From This Week   A Year Like No Other in Commercial Real Estate Finance Last year started off with a bang. Little did we know, a fox in the form of the Federal Reserve was fast approaching the hen house. [Read More]( How Jerome Powell Became the Most Powerful Figure in CRE Finance The guy who could easily have been No. 1 on our list. [Read More]( Fed Signals End to Rate Hike Cycle Following 10th Straight Increase The Federal Reserve continued its more than yearlong streak of interest rate hikes on Wednesday, bringing rates to their highest level since 2007, but also signaled a pause could be around the corner. [Read More]( JPMorgan Chase’s First Republic Bank Takeover Rattles Capital Markets The second-largest commercial bank failure in American history shocked capital markets and created concern among economists that the U.S. banking system might be on the verge of a more widespread crisis. [Read More]( Three’s Company: 3650 REIT Built Its Business for This Exact Moment The founders of 3650 REIT sketched their original business plan on the back of an envelope seven years — and several billion dollars of activity — ago. [Read More]( First Citizens’ Chris Niederpruem Takes Star Turn With Yonkers Film Studio Financing First Citizens's Chris Niederpruem has played a starring role in financing the Lionsgate Studio in Yonkers. [Read More]( Non-Bank Lenders Step Into the Limelight Once Again Traditional lending from commercial bank institutions no longer seems to make as much sense, especially to large investors. [Read More]( CMBS Delinquencies Climbed Once Again in April The CRED iQ delinquency rate for commercial mortgage-backed securities in the month of April increased for the third consecutive month to 3.93 percent. [Read More](     What We're Reading This Week   - Commercial real estate and big tech are proving to be a [toxic]( mix [Bloomberg] - [Layoffs]( gut two Manhattan firms with commercial real estate ties [Crain's New York Business] - Mortgage demand [drops]( as bank failures hit jumbo loan rates [CNBC.com]   --------------------------------------------------------------- [View in Browser]( | [Advertise]( | [Forward to a Friend]( [Manage your email preferences or unsubscribe]( [Commercial Observer]( © Copyright 2023 [Observer Media]( 1 Whitehall Street, Floor 7, New York, NY 10004 This newsletter was published 05/04/2023