CBRE’s Large Loan Team, Fundraising for Office Distress, and Loans!

CBRE’s Large Loan Team, Fundraising for Office Distress, and Loans! This week, we take you inside CBRE’s Global Debt Advisory Group – led by James Millon, Tom Traynor and Tom Rugg – to examine how a small group out of New York has made a name in the large loan space nationally. There’s also an in-depth feature on how several $1 billion funds have been formed to pounce on the distress in the office market, where risk and reward are equally abundant. CO also sat down with Michael Phillips of Jamestown Properties, and our features this week include the lessening of German capital flows into the U.S. CRE space. We also have a number of juicy loans for you to sink your teeth into, including a pair of construction loans for residential projects in Miami. Till next week, dear reader! Fed Keep Interest Rates Steady With No Signal of When Cuts Might Begin CBRE’s nine-person Global Institutional Debt Advisory Group — which has closed more than $47 billion in complex real estate transactions over the last seven years — has reinvented itself on the fly while simultaneously strengthening the firm’s C-suite with one of its own. [Read More](   Top Deals Of The Week   - Banco Inbursa [Supplies]( $95M Construction Loan on Miami Worldcenter Condo Project - Northwind Group Provides $70M Construction Loan on [Jersey City]( Residential Tower - Värde Partners Provides $61M [Construction Takeout]( Loan on Miami Apartments - Nuveen, HALL Structured Finance [Provide]( $67M Loan for Sand City Marriott Inn - Peachtree Group Lends $35M on Multifamily Buy Near [University of Florida](   People Moves   Nuveen Green Capital Hires Bank OZK’s Chris Lawton to Lead Originations After spending eight years as a managing director at Bank OZK, Christopher Lawton has been named head of originations at Nuveen Green Capital, the clean energy lending arm of Nuveen. [Read More]( Brighton Capital Advisors Hires CMBS Veteran Alison Coen for Midwest Coverage Brighton Capital Advisors has appointed longtime CMBS originator Alison Coen as a principal and senior adviser for the Midwest.. [Read More]( Q&A   Jamestown’s Michael Phillips on Pairing Food With Development Michael Phillips of Jamestown Properties is a longtime board member of the James Beard Foundation, a nonprofit aimed at elevating the people behind America’s food culture. He spoke with CO about the firm’s leasing progress at Industry City, the areas where he might invest in the U.S. in 2024, and further international expansion plans. [Read More](   Other Stories From This Week   The $1B Question: Will the Money Raised for Distressed Office Be Successful?As several $1 billion funds are raised to invest in distressed office, here’s a look at why capital is now flocking toward an out-of-favor asset class. [Read More]( Proptech and Real Estate: Are They Countercyclical?Experts debate if there is a correlation between real estate tech and up or down real estate cycles. [Read More]( German Capital Flow Into U.S. Commercial Real Estate Drops SharplyAfter emerging as one of the biggest global buyers of core U.S. commercial real estate assets following the Global Financial Crisis, German institutional investors have drastically adjusted their focus amid a rising tide of higher interest rates. [Read More]( Kat Lau’s Self-Storage Concept Stuf Can Help Office’s Oversupply Katharine Lau has a different idea for self-storage than an archetypal locker in the middle of nowhere. What if self-storage was urban? Close by? As in really close by? Like in the office building across the street? And kinda hipster? [Read More]( Florida’s Live Local Act Has People Picking Sides Developers love the affordable housing law — the first of its kind in the nation that encourages development of rent-restricted workforce housing — for the same reasons that local officials are starting to loathe it. [Read More]( What We're Reading This Week   - [UBS]( can be the next Morgan Stanley, but a lot of things have to go right [WSJ] - For [retailers](, business is back and landlords say no more rent discounts [WSJ] - Why one [shaky bank]( is stirring fears of a wider financial mess [NYT)   [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 02/08/2024