Private European real estate giant Redevco has provided its first loan as part of a push into property lending, backing an office retrofit in the City of London.
Redevco provided a £48M facility for the acquisition and refurbishment of the 56K SF 10 Salisbury Square. Original Works, an office retrofit venture between $65B global fund manager Invesco Real Estate and UK development manager Simten, is leading the project.
Original Works launched in January this year, aiming to undertake £500M of London retrofit projects. 10 Salisbury Square is its first scheme. 
The Redevco loan is structured as a green loan in accordance with Loan Market Association Green Loan Principles….

Miami’s branded condo and hotel surge shows no signs of slowing, with Casa Cipriani the latest name to join the skyline.

Hudson Pacific Properties has closed on $475M of commercial mortgage-backed securities financing for a six-property office portfolio, the REIT announced Monday.
The portfolio is all West Coast assets and includes the Los Angeles properties 11601 Wilshire Blvd. and Element LA.
The latter is home to video game developer and publisher Riot Games and was encumbered by a $168M loan.
“This financing provides us with nearly half a billion dollars of gross proceeds to fully repay our Element LA secured loan and outstanding amounts on our credit facility,” Hudson Pacific Chief Financial Officer Harout Diramerian said in a release announcing the news. “Along with recent and potential…

Girls hockey is so popular in the U.S. today that Hollywood has jumped on the bandwagon: The sport was a focal point of the 2024 Pixar hit Inside Out 2, a $1.7B box office smash that became the highest-grossing animated film of all time, scoring an Oscar nomination for best animated feature to boot. 
Yet the sport’s longest legacy might not be on the silver screen, but on surging ice rink real estate — if capital can keep up.

It seemed like Prince George’s County had finally landed the massive economic development victory it had long been waiting for in the fall of 2023 when the federal government selected it as the site for a new $3.5B FBI headquarters.
That plan is now likely dead after President Donald Trump announced earlier this month that his administration intends to stop the headquarters move.
The reversal was a huge disappointment for a county that has historically garnered less public and private investment than its neighbors — and was hoping the headquarters would spark an economic renaissance. 

Brookfield Asset Management is buying mortgage lender Angel Oak Cos., pushing the firm deeper into the private credit space where it is quickly growing.

UK opportunity fund manager Crosstree Real Estate Partners is in talks to buy flexible office business Argyll Club for about £330M, as the company also refinances an £800M West End luxury hotel and office asset. 
Crosstree is close to agreeing to a deal to buy Argyll Club from private equity firms The Baupost Group and Alpine Grove Partners, Green Street News reported. A deal at that price would be lower than the £400M for which the business was put up for sale last October. 
Argyll Club’s 23 outlets are all in London, primarily in the West End and the City. It is…

The fledgling Dublin flexible office market is seeing improved demand as a growing number of occupiers adopt more fluid and flexible working patterns, according to a new report from CBRE Ireland.
The agent’s Flex Office Operator Survey 2025 found that businesses are prioritising buildings with amenity-rich facilities such as high-quality meeting rooms, fitness facilities and breakout spaces, but it says that Dublin’s flexible space remains well below European city averages, leaving space for expansion and new players.
In 2024, there was 79K SF of takeup by flex office operators in the Dublin market, which included notable deals at 3-8 Hume St. with Iconic Offices…

D.C. lawmakers are preparing to vote on permanent changes to the city’s eviction laws that could have big implications for the city’s rental housing industry.
Landlord groups are making a last-ditch effort to alter the language of the bill on the table.

After weighing a run for mayor, Boston developer Tom O’Brien has opted not to enter the race. 
The founding partner of HYM Investment Group and former planning chief of the Boston Redevelopment Authority, O’Brien released a statement Monday saying he had considered running for mayor because he cares “deeply” about the city.
“After many conversations with people I know, trust and admire, I’ve decided not to pursue a political candidacy at this time,” O’Brien said in the statement. “Instead, I will continue my work with The HYM Investment Group and my engagement in Boston’s charitable and civic life.”
On March 10, The Boston Globe first reported O’Brien was considering running to challenge…