The US CMBS delinquency rate increased three basis points (bps) in August, negating July’s rate improvement, according to data and research firm Trepp.

Citigroup Global Markets has led a consortium of financial institutions in the $558.6m purchase of Series 2015 Bonds issued by the Dormitory Authority of The State of New York (DASNY) for renovations and upgrades to Manhattan’s Icahn School of Medicine at Mount Sinai.

TPG Real Estate has hired Greta Guggenheim, co-founder and former CIO at Ladder Capital, to head its TPG Real Estate Finance Trust lending platform as CEO.

An affiliate of TPF Equity REIT Operating Partnership has assumed $186.55m in securitized debt with its reported purchase of a majority stake in the US Bancorp Tower in Portland, Oregon, oft referred to as Big Pink.

About $200m worth of multifamily, small balance loans (SBL) originated by Greystone are slated to be bundled together and securitized as Freddie Mac SB Certificates in October, Real Estate Capital has learned.

In one of its top deals since purchasing a billion-dollar Deutsche Bank loan portfolio earlier this year, TPG Real Estate has provided $112.8m in acquisition financing for a residential development project in Midtown Manhattan, Real Estate Capital has learned.

Blackstone has provided a $365m bridge loan to Westbrook Partners for the purchase and redevelopment of the sprawling St. John’s Terminal building at 550 Washington Street on Manhattan’s far west side, Real Estate Capital has learned.

Fears of a Chinese economic ‘meltdown’ have quickly found their way into the US commercial real estate markets as the industry grapples with the potential decline of one of the top investors in US property.

California-based Sabal Financial Group is selling a $541m real estate portfolio that includes $248m of loans and $293m worth of assets.

SL Green announced this week that it has closed on its $2.285bn acquisition of 11 Madison Avenue in Manhattan, among the city’s largest real estate deals ever.