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Property finance was on the agenda during week one of the 29th session of the Conference of the Parties to the United Nations Framework Convention.
Sean Ribble, Nuveen Green Capital
The $76.2m package will refinance a luxury hotel in Santa Fe, New Mexico.
A portrait of North Bridge founder and CEO Laura Rapaport set against the New York City skyline.
The private equity manager is taking a minority stake in North Bridge as part of the deal.
Justin Preftakes at Barings and Eric Alini at Counterpointe
The live-work development’s funding includes a $155.5m C-PACE component.
Sustainable office properties are gaining favor with tenants, but financing the conversions remains difficult for small- and mid-market owners.
Demand for C-PACE financing is set to increase as US cities introduce stricter environmental rules for real estate.
More C-PACE records are being set as sponsors seek lower-cost capital for construction and retrofit projects.
A large tree radiates green light onto the glass windows of a building.
Six insurance firms allocated $525m to finance energy efficiency and sustainability projects.
As lenders look at the next generation of buildings, data and science are helping to shape strategies.
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