The case centers on false vote-rigging claims broadcast by Fox News during the 2020 U.S. presidential election.
A new group of media figures was given credentials to cover the Pentagon after many traditional news outlets refused to sign its new reporting rules.
Nuveen’s first closed-end fund offering in CRE credit is officially in the books, with total equity commitments coming in $150M above its initial $500M target.
The U.S. Strategic Debt Fund is a closed-end, value-add fund focused on originating senior, floating-rate loans that are backed by traditional real estate assets in need of an operational, physical or financial reorganization.
Nuveen plans to swoop in where traditional lenders have pulled back, Nuveen’s head of real estate debt for the Americas, Jason Hernandez, said in a press release.
Over 40% of the fund has already been committed, Hernandez told PERE Credit.
Investors such as foreign and domestic pension…
Cannon Hill Capital Partners is doubling down on its office conviction, striking a partnership with TriPost Capital Partners to scoop up distressed assets across the Northeast corridor. The firms are aiming high, eyeing deal sizes above $50 million and have as much as $1.5 billion in buying power for office properties, non-performing loans and rescue capital, the Commercial Observer reported. The venture marks Cannon Hill’s first formal tie-up with TriPost. Cannon Hill — founded by Normandy and Columbia Property Trust alums Jeff Gronning, Melissa Donohoe and Eric Rubin — and TriPost plan to focus on New York, Boston and Washington, […]
This article originally appeared on The Real Deal. Click here to read the full story.
Francis Ford Coppola put up the flatiron-shaped Sentinel Building in San Francisco’s North Beach neighborhood as collateral for a private loan in the ongoing financial fallout from his notoriously expensive film flop Megalopolis.
GFP Real Estate, Metro Loft and Rockwood Capital started the year by launching leasing at 25 Water Street. They’re ending it with a nine-figure financing package for the historic office-to-residential conversion. Apollo and GIC provided an $835 million debt package to refinance the 1,320-unit building in the Financial District, the Commercial Observer reported. Leasing began at the former 1.1 million-square-foot office property — dubbed SoMA for South Manhattan — in the last days of January and move-ins began the following month. A Newmark team including Jordan Roeschlaub, Chris Kramer and John Caraviello negotiated the debt. The last major financing at […]
This article originally appeared on The Real Deal. Click here to read the full story.
Developer Cannon Hill Capital Partners has struck a partnership with a private equity firm to spend $1.5B over the next three years buying distressed office buildings along the Acela corridor.
The philanthropy has become one of America’s biggest, but most of its giving went to charities closely tied to the world’s richest man.
A struggling Singapore-based office REIT wants to pivot to the industrial, multifamily, retail and data center sectors in the U.S. and Canada to stabilize its portfolio and avoid a forced liquidation at distressed prices.
Amazon launched a pilot program to make ultrafast deliveries that, if successful, could fuel demand for industrial space.
The online shopping and web services giant’s Amazon Now, which is starting in Seattle and Philadelphia, promises to deliver everyday essentials in 30 minutes or less.