Access to Life Companies, Banks, Credit Unions, Agencies, Debt Funds, CMBS
Market Rates
Takeaways from ICSC@Western Palm Springs 2025
This year’s ICSC@Western Conference in Palm Springs was widely attended, drawing developers, investors, brokers, service providers, and retailers from across the country. The Palm Springs Convention Center was buzzing with energy as industry leaders gathered to exchange ideas, make deals, and highlight trends shaping the future of retail real estate.
Our PSRS producers were on the ground throughout the event, networking with peers and gaining valuable insights. Here are some of the key themes that emerged:
Strong networking & dealmaking activity: Most of the value came from productive one-on-one meetings and informal conversations.
Retail resilience & capital interest: Institutional capital continues to re-enter, with investors eyeing smaller, tenant-driven projects.
Cost pressures on tenants: Rising NNN expenses, insurance, and operating costs are driving more creative deal structures.
Technology & AI adoption: “Agentic AI” and retail tech innovation were a notable focus.
Tight supply of prime space: Limited vacancies are fueling repositioning and value-add strategies.
Leasing & Tenant Demand: Retailers remain in growth mode, strategically phasing store openings to ensure success.
Capital Markets: Financing is active for well-sponsored projects, with competitive terms in both primary and secondary markets.
What This Means for You
The conversations in Palm Springs reinforced that while challenges remain, opportunities are growing for well-positioned borrowers and owners who can adapt to shifting tenant needs, rising costs, and evolving deal structures.
Recent Transactions
$1,160,000 Refinance of a Multifamily Property in Brooklyn, New York.
FINANCED Ditmas Ave Apartments
Lender:Life Insurance Company City:Brooklyn, New York Term:Three-year term, 25-year amortization
Matthew Farzinpour of PSRS arranged the $1.16 million refinance of a multifamily property in Brooklyn, New York. The subject property is a three-story, six-unit apartment building. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a three-year term and 25-year amortization, with seven three-year extension options.
$2,350,000 Refinance of a Multifamily Property in The Bronx, New York.
FINANCED Grant Ave Apartments
Lender:Life Insurance Company City:The Bronx, New York Term:Five-year term, 30-year amortization
Matthew Farzinpour of PSRS arranged the $2.35 million refinance of a multifamily property in The Bronx, New York. The subject property is a ten-unit apartment building which was fully renovated in 2024. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a five-year term and 30-year amortization, with five five-year extension options.
Exciting opportunities are open across our offices in Los Angeles, Newport Beach, and San Diego:
Commercial Real Estate Analyst – Los Angeles (2 openings): Support producers with underwriting, marketing, and closing while gaining hands-on experience in structuring real estate debt and equity investments.
Commercial Real Estate Analyst / Loan Producer – San Diego: Begin as an analyst supporting top producers with underwriting and deal execution, with a clear path to transition into a producing role.
About PSRS Founded in 1972, PSRS is a commercial mortgage banking firm that helps real estate investors of all sizes structure and secure financing solutions that align with their investment goals.
