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Extell Closes on Construction Loan for What Will be Country's Tallest...
Extell closed on a $700 million construction loan from a tier one lender syndicate led by Bank of America and consisting of funds from Bank of America, Banco Santander S.A., Abu Dhabi International...
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CIT Real Estate Closes on One57 Deal
CIT Real Estate finance recently closed on a $50 million commitment for Extell Development’s One57. The loan is part of a $700 million syndicated construction loan the building received, The Commercial...
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New Bank of America Building in Bensonhurst, Brooklyn Sells for $8.45 M.
A 4,000-square-foot Bank of America branch location under construction at 6601 18th Avenue in Bensonhurst, Brooklyn has changed hands for $8.45 million, city records show. The property sits on the...
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Many Lenders Offering Low Rates for Multifamily
It seems like the perfect storm: investors are paying record prices to acquire residential rental apartments in metropolitan areas. And at the same time, financial institutions—especially regional and...
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Brooklyn’s Retail Financing Redux: Hipper Shopping En Route
As the economy continues to build steam, a new Brooklyn finds itself craving a new retail culture—and developers and financers are keeping close watch. While New York’s most populous borough has seen a...
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Wells Fargo Buys ING’s $1.6 Billion Loan Portfolio
Wells Fargo outbid Bank of America, Capital One and TD Bank and reached an agreement to buy a portfolio of ING Real Estate Finance’s 29 U.S loans with a total outstanding balance of $1.6 billion. 8...
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Capital One Takes 250K SF at 299 Park Avenue
Capital One has signed a long-term lease for 250,000 square feet across eight mid-rise floors and ground-level retail space at 299 Park Avenue, The Commercial Observer has learned. Terms for the lease,...
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Sunshine by the Square Foot
While it did not rival what some recalled as a “blistering” second quarter, the Manhattan commercial real estate office market continued to gain momentum in the third quarter, and most real estate...
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Leerink Swann & Co. Subleases Again
Courtesy of Fisher Brothers Leerink Swann & Co. will take another sublease at 299 Park Avenue. The consulting firm, which specializes in equity research, investment banking and asset management...
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Cushman & Wakefield Advises on $57 Million Capital One Loan for Boston...
Capital One has provided a $56.8 million loan to affiliates of Bethesda-based ASB Real Estate Investments for The Peninsula, a 285,205-square-foot apartment community in Dorchester Bay, Boston,...
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Commercial Real Estate Lenders Reaching, or Exceeding, 2013 Expectations
December is typically a time when real estate leaders, especially the bankers who provide financing for commercial real estate transactions, allocate many evenings to attend year-end holiday parties....
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Beech Street, Capital One Close First Collaborative Loan for Philly Area...
Bethesda, Md.-based Beech Street Capital and its new parent company Capital One completed their first collaborative deal to refinance Valley Forge Towers North, a 242-unit apartment building in King of...
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AEW Opts to Refi, Not Sell, Closing $35M Loan for Renovations at Hoboken...
Real estate investment manager AEW Capital Management closed a $35 million refinancing from Capital One for a Hoboken, New Jersey multifamily property late last month, Mortgage Observer has exclusively...
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Beech Street Capital’s Grace Huebscher Finds Opportunity in Acquisition
During last year’s Mortgage Bankers Association commercial real estate finance conference (CREF), Grace Huebscher, president of leading multifamily lender Beech Street Capital, found clarity on a topic...
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Meridian Secures Capital One Loan for New Jersey Multifamily Property
Meridian Capital Group arranged a $33.2 million acquisition loan on behalf of a partnership between Chicago-based multifamily investor and operator Waterton Associates and an Israeli insurance company...
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Rubin Schron Nabs $100M from Capital One for Purchase of Controversial...
Rachel Gardens Meridian Capital Group brokered a $100 million acquisition loan for New York investor Rubin Schron to purchase the hotly disputed Rachel Gardens Montville luxury apartment community in...
View ArticleBrokers and Lenders on the Rise
What is an industry without a promising crop of rising stars? While commercial real estate lending is often cast as a rigid establishment of older gentlemen, a number of dynamic young dealmakers are...
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TF Cornerstone Closes Two Agency Loans Totaling $365M
The Singer & Bassuk Organization advised TF Cornerstone in the arrangement of two permanent agency loans totaling $365 million for the New York developer’s rental apartment buildings at 95 Horatio...
View ArticleStaying Relevant on Park Avenue
To hear some people talk about it, every building in the heart of Midtown is in danger of collapsing as the average age is, gasp, 63 years. But there are a number of major properties in this part of...
View ArticleHotel REIT Takes $150M Unsecured Term Loan Facility
Publicly traded REIT RLJ Lodging refinanced outstanding CMBS debt to the tune of $150 million, the firm announced yesterday. The new unsecured term loan facility allows RLJ to resolve any questions...
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