Al Barbarino

Italian banking group Intesa Sanpaolo has funded Hamburg-based ECE’s second Italian investment, the acquisition of the shops at La Cartiera shopping center in Pompei, with an $80m first mortgage loan.

After a disconcerting June and a ‘whiff of volatility,’ the US CMBS delinquency rate has resumed its descent, according to the latest report from data and research firm Trepp.

Strategic Hotels & Resorts has acquired the remaining 49 percent ownership interest in the JW Marriott Essex House hotel from KSL Capital Partners for $84.6m in stock, assuming with the deal a $225m loan from MetLife that was used to refinance the property in December.

The centuries-old fine art auction house Sotheby’s has refinanced the 10-story property it headquarters and owns on Manhattan’s Upper East Side with a $325m loan from HSBC and the Industrial and Commercial Bank of China.

Prudential Mortgage Capital Company has provided a nearly $166m loan to Colony Capital to refinance a 25-property light industrial portfolio with buildings in Atlanta, Dallas, Denver, Houston and Minneapolis. The 10-year, fixed-rate loan backs 4m sq ft of space that is 97% leased to 69 tenants. The properties are made up mostly of distribution space and the […]

Lender appetite for risk has dropped sharply, as has optimism with respect to borrower demand, according to a new report from the Real Estate Lenders Association (RELA) and economist Sam Chandan.

AXA backs development of Cappella Museum District in Houston

JP Morgan Investment Management has provided a $180m loan to The Georgetown Company for the acquisition of an automotive dealership and service facility most recently owned and occupied by The Ford Motor Company.

Columbia Property Trust plans to use a six-month, $300m bridge loan from its unsecured credit facility for its $516m purchase of the The New York Times’s former headquarters in Midtown Manhattan.