Some Hope From the Fed, Invesco REIT Gathers Momentum and Earnings Season

Some Hope From the Fed, Invesco REIT Gathers Momentum and Earnings Season This week, the Federal Reserve opened the door to a possible September interest rate cut following its Wednesday meeting, Acore Capital hired Matthew Drummond from Affinius Capital to lead its new high-yield investment division, and Invesco Commercial Real Estate Finance Trust surpassed $1.4 billion in originations after launching just over a year ago. Fed Pauses Interest Rates Again But Cuts Could Come Later This Year The Federal Reserve paused interest rates for an eighth straight meeting Wednesday but set the stage for a possible cut later this year, potentially in September. [Read More]( Top Deals Of The Week   - [Hines]( Secures $160M to Acquire 258 Acres in Virginia for Single-Family - Barings Provides $114M Refi for New 893K-SF[Nevada]( Industrial Center - Mavik Capital, Valley Bank and IDB [Lend]( $107M on LIC Mixed-Use Tower - Estates Cos. [Lands]( $73M Construction Loan for Luxury Rental in West Palm Beach - [Deutsche Bank]( Lends $70M to Build Whole Foods-Anchored Complex in Doral, Fla. - [John Catsimatidis]( Grabs $57M Loan for Chelsea Mixed-Use Project - KeyBank Provides $45M in Construction Financing For Washington [Affordable Housing]( - [Ari Rastegar]( Seals $32M Construction Loan for Launch of Texas Master-Planned Community - Metropolitan Commercial Bank Lends $28M on [Harlem]( Apartments People Moves   Acore Hires Matthew Drummond to Lead Firm’s New High-Yield Investment Division The private lender hired a seasoned commercial real estate equity investor to lead its newly formed high-yield investment division, as the debt fund aims to take advantage of a market full of distress and value-add opportunities in the years ahead. [Read More]( Guest Columnist   Why Ex-Athletes Are in a League of Their Own in Commercial Real Estate Athletes are the kindred spirits of high-performing brokers and other commercial real estate professionals, writes G. Lamont Blackstone, a CRE consultant and urban redevelopment specialist who is also the former board chair of the national diversity initiative Project REAP. [Read More](   Other Stories From This Week   Invesco REIT Tops $1.4B in Originations, Leans Into Bank Lending Gap Invesco Commercial Real Estate Finance Trust just surpassed $1.4 billion in originations, a little more than a year after its launch, Commercial Observer first reported. [Read More]( KKR Raised $32B in Q2, Closed $10B in Real Estate Deals Since April 1 During its second-quarter earnings call, the private equity giant said it has very limited exposure to office and retail. [Read More]( Ares Capital Earnings Hit by Pluralsight Restructuring Ares Capital Corporation saw lower profits and $48 million in unrealized losses spurred partly by a markdown from its exposure to a failed educational software firm, the company said in its earnings call Tuesday. [Read More]( New Jersey Office One Met Center Defaults on $76M CMBS Loan: Trepp A $76.1 million commercial mortgage-backed securities loan collateralized by One Met Center, a 420,00-square-foot office building in East Rutherford, N.J., has been sent to special servicing for defaulting on its maturity payment. [Read More]( What We're Reading This Week   - Surge in commercial property foreclosures suggests bottom is near [WSJ] - Risky bet on U.S. office towers becomes [debacle]( in South Korea [Bloomberg] - Real estate crisis? [Small banks]( say their loans are fine. [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 08/01/2024