Newsline

Cheyne Capital has provided a €288.6 million senior loan to support the acquisition and repositioning of 91 Avenue des Champs-Élysées, a prime mixed-use asset in Paris.

Mesa West Capital has raised more than $1.093 billion for its Mesa West Real Estate Income Fund VI, according to an SEC filing April 1. The firm launched the fund in September 2025. The firm did not comment on its fundraising efforts.

As traditional lenders pull back and refinancing pressure reshapes the commercial real estate landscape, new opportunities are emerging for capital providers willing to underwrite complexity and uncertainty. In this environment, discipline around basis, structure and collateral has become increasingly important, particularly as more assets face transitional challenges and valuation resets. In an interview with IREI, Neil Aaronson, president of Hilco Global Americas and executive director, real estate, discusses how the firm is approaching lending in the current cycle, including the key criteria it prioritizes in underwriting, how market conditions have shifted over the past 18 to 24 months and where it is seeing the most compelling risk-adjusted opportunities today. He also addresses how Hilco Global balances risk management with creative structuring, where borrower and lender expectations are diverging and what he expects for the lending environment in 2026.

YODA PLC has completed its acquisition of the Transamerica Pyramid Center, closing the transaction March 27.

Patel Family Office, a U.S. investment enterprise, and Abdel Hadi A. Al-Qahtani & Sons (AHQ), a Saudi industrial conglomerate, have signed a $1 billion deal to establish AYARA, a vertically integrated hospitality platform that will develop a network of 50 international brand-name business hotels across Saudi Arabia by 2029.

GID has continued expansion of GID Residential Partners, its national residential development platform, with a strategic entry into the Florida market.

ICG Real Estate (ICGRE), the real estate division of global alternative asset manager ICG, has held the final close for the second vintage of its opportunistic real estate strategy.

London has cemented its position as the world’s leading destination for investment at a time of heightened geopolitical uncertainty, according to the latest Global Cities Barometer from London Property Alliance. But a deepening shortage of modern office space in central London now risks choking that success, limiting the capital’s ability to convert global investment into jobs, growth and tax revenues.

Neinor Homes has formed a new joint venture with Stoneshield Capital  to develop a residential project located in Marbella, Spain.

Invesco Real Estate has acquired a 24,000-square-meter (258,334-square-foot) greenfield plot in Moosburg, located north of Munich Airport, for the speculative development of a 11,500 square-meter (123,785-square-foot) class A logistics facility.

Greater Manchester Pension Fund (GMPF) has formed a new joint venture with funds and accounts managed by BlackRock to drive major investment into the United Kingdom’s primary healthcare sector.

VICI Properties has made the C$200.6 million ($144 million) pending acquisition of the real estate assets of Deerfoot Inn & Casino, Great Northern Casino and two limited-service hotels adjacent to the Great Northern Casino, located in Alberta, Canada, in connection with Pure Casino Entertainment Limited Partnership’s pending take-private acquisition of Gamehost Inc.

Callahan Capital Partners has hired Christine Torres as senior vice president, leasing and markets.

BGO and Bell Partners have entered into an agreement to combine their businesses to deepen their position as a leader across both the commercial and multifamily sectors, following the recent acquisition of Bell Partners by Sun Life Financial, BGO’s parent company.

DWS has acquired 32–36 York St., a boutique office building in the heart of Sydney’s CBD, from a local private real estate developer.

Tishman Speyer has completed the off-market acquisition of 50 Pall Mall, a prime, class A office property in the heart of St James’s, one of London’s most prestigious office destinations.

In February, Cabot Properties acquired a 220,608-square-foot, multistory logistics warehouse in Minoh City, Osaka — its first investment in Japan. The transaction marks the firm’s strategic entry into one of the world’s most liquid and supply constrained industrial markets. In an exclusive interview with IREI, Mike McCarthy, co-CIO of Cabot’s Value Fund series, discusses the deal more in-depth, including why the firm views Greater Osaka as a compelling gateway for long-term logistics investment and how the asset aligns with Cabot’s focus on modern, infill facilities near major population centers. He also shares broader insights into the Japanese logistics landscape, highlighting the role of dense urban demand, evolving tenant requirements and the growing influence of ecommerce and third-party logistics operators. McCarthy also explains how Cabot built conviction in the market, the importance of local expertise and how supply dynamics and rental growth are shaping opportunities across Japan.

Digital Realty has completed a final close for its inaugural U.S. hyperscale data center fund, securing $3.25 billion of total equity commitments from a diverse group of global institutional investors, including public pensions, sovereign wealth funds, endowments and foundations, corporate pensions, insurance companies and asset managers, and family offices.

Rockpoint has acquired six trophy-quality light industrial buildings in the Raleigh and Charlotte, N.C., markets.

JLL’s Hotels & Hospitality Group has promoted Julien Naouri to head of investment sales.