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Nuveen Green Capital Supplies $93M C-PACE Loan for Cleveland Office Conversion to W Hotel – Commercial Observer
The increased utilization of Commercial Property Assessed Clean Energy (C-PACE) debt for conversion projects has reached new heights with Cleveland’s fifth-tallest building. ErieView Development has secured a $93.4 million C-PACE loan from Nuveen Green Capital (NGC) to transform the former Erieview Tower building in Downtown Cleveland into Ohio’s first W Hotel, according to the lender….
Amazon’s stock rides booming cloud growth toward best day in 11 years
AWS “finally saw the long-awaited growth inflection,” an analyst noted.
Downing announces CRE lending head alongside £500m funding line
Investment manager Downing has appointed George Cotterell as partner and head of commercial real estate lending, alongside the launch of a new £500m institutional funding line. The move forms part of a wider expansion of Downing’s private credit platform, with the firm seeking to scale its presence in the commercial real estate lending market….
