Debt & Equity Capital Trends and BH3 Management Holds Court

Debt & Equity Capital Trends and BH3 Management Holds Court This week, we welcome in the New Year (hope your hangover is cured by now!) by talking with nearly a dozen industry experts on where debt and equity capital movements are expected to trend in 2024. There’s also a juicy feature on BH3 Management, the Fort Lauderdale, Fla.-based investment firm that’s made distressed investing the core of their real estate investment business. We also have an interesting look at one possible saving grace of distressed office space — law firms! — and how the Capital One Center in downtown Washington, D.C. might just be saved from total vacancy by an unlikely source: The Washington Mystics of the WNBA. Lastly, we have a handful of loans that helped 2023 end with a small flourish of activity. It’s another year and we’re still here for you, prepared and proud to give you the best commercial real estate finance news in the country. CRE Finance May Have Hit Bottom in 2023. What’s Next? A look at where debt and equity capital is going in 2024 due to recent rate moves. [Read More](   Top Deals Of The Week   - Banco Inbursa Lends [$220M]( on Gary Barnett’s Planned Manhattan Hotel - MF1 Capital Provides $51M in Gap Financing on [Bronx]( Multifamily - First Mile Properties Acquires[New Jersey Office Property]( for $56M, SocGen Provides Loan - Keybank Lends $49M on New Haven [Science Park]( Mixed-Use Development - Peachtree Group Closes $46M [C-PACE Loan]( for Palm Springs Hyatt Hotel - Dwight Mortgage Trust Lends $41M on New [Downtown Brooklyn]( Resi Tower - [Bank of America]( Provides $24M Refi on Gotham Hall in New York City   Guest Columnist   2024 Trends Signal Profitability Pursuit and Strategic Pivots in Uncertain Market The real estate landscape is undergoing significant transformations in 2024, driven by a confluence of technological advancements, shifting market dynamics and evolving consumer behaviors. Michael Lucarelli, CEO and founder of RentSpree, breaks it all down. [Read More]( Q&A   5 Questions With Gerardo Mahuad of Eagle Property Capital Sun Belt investor Gerardo Mahaud aims to leverage a $325M fund for multifamily acquisitions in Latin American markets. [Read More](   Other Stories From This Week   Distressed Investing is in BH3’s DNA BH3 Management earned its stripes and built out its portfolio during the GFC, now it's stepping in to offer savvy solutions during this downturn. [Read More]( Watergate Office Building’s CMBS Loan Falls Delinquent The infamous Watergate Office Building —known for a 1972 burglary leading to the eventual resignation of President Richard Nixon — is staring at a new downfall heading into 2024 after losing a key publishing tenant that ironically occupied space where the historic crime occurred. [Read More]( Commercial Real Estate Financing Volume Likely to Rebound in 2024 After lending volume was largely silent in 2023, commercial real estate lenders are poised for an increase in deal activity in 2024. [Read More]( Fed’s Interest Rate Hike Pause Gets Commercial Real Estate Excited About 2024 Cheaper borrowing costs could unleash a wave of dealmaking in the new year. [Read More]( The Office Market’s Brightest Spot Going Into 2024: Law Firms One industry in particular is standing athwart history and doubling down on the importance of physical office space: law firms. [Read More]( Podcast: Rhymes of Real Estate In this special episode of Commercial Observer’s podcast “The Back Story,” we delve into the unique and creative world of commercial real estate as seen through the lens of holiday cheer. [Read More]( Will WNBA’s Mystics Return to DC’s Capital One Arena? In the wake of Monumental Sports and Entertainment’s deal to move the Washington Capitals and Wizards out of the Washington, D.C., arena to Virginia’s Potomac Yard, owner Ted Leonis announced that the WNBA’s Mystics may be moving back in. [Read More]( What We're Reading This Week   - Will America’s Good News on [Inflation]( Last? [NYT] - Welcome to the Neighborhood! [Wall Street]( Designed It [WSJ] - A [Real-Estate]( Juggernaut Ran Off the Rails in 2023 [WSJ]   [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 01/04/2024