Al Barbarino
New York Life Real Estate Investors has provided a $41m loan for the development of Windermere Cay, a garden-style multi-housing community near Walt Disney World in Winter Garden, Florida, just north of Orlando. The 10-year, fixed-rate loan backs a Class A 380-unit complex being developed by Six Pines Realty and managed by Greystar. The property […]
Blackstone has provided an $83m acquisition loan to Highgate Hotels and The Meridian Group for the acquisition of the Hyatt Regency Hotel in Bethesda, Maryland, Real Estate Capital has first learned.
Blackstone originated the floating rate loan out of Blackstone Mortgage Trust (BXMT), a public mortgage REIT that is part of Blackstone Real Estate Debt Strategies (BREDS), the firm’s commercial real estate lending platfor
Greystone has closed a $64m Freddie Mac loan for a 664-unit multifamily property in Roswell, Georgia.
The seven-year loan on Park 83 includes three-years of interest only payments followed by 30-year amortization for the remaining term.
After mulling a new commercial real estate debt business for several months, a group of former Starwood executives have put a name on their new venture: Acore Capital.
Boyd Fellows and Warren de Haan began drawing up plans to launch a new lending platform earlier this year, as first reported in Real Estate Capital.
Blackstone has provided a $320m first mortgage loan to refinance the iconic Woolworth Building in New York City, Real Estate Capital has first learned.
The floating rate loan covers the office component of the 60-story building, the lower 28 floors, taking out a previous $250m CMBS loan and funding additional renovation costs.
LaSalle Investment Management has paid $125m for a five-floor office condominium at 200 Lafayette Street in Manhattan using $100m in acquisition financing from Deutsche Bank, Real Estate Capital has learned.
The seller, General Growth Properties (GGP), put the fully-leased, five-floor, 80,000 sq ft office condo in the NoHo neighborhood up for sale earlier this year, hiring CBRE to handle the process.
Top Fannie Mae lender Walker & Dunlop has originated a $125.9m loan to refinance the 645-unit Shorewood Heights apartment complex on Mercer Island in the state of Washington.
Wells Fargo is providing $59.5m in construction financing for a new mixed-use development set to rise at the site of an old BP gas station in Manhattan’s Harlem neighborhood.
The project at 2040 Frederick Douglass Boulevard calls for a mixed-use project of about 90,000 sq ft, 56 apartments and retail space.
M&T Bank has provided $28.8m in financing for the purchase and renovation of a 21-building, 372,000 sq ft office and flex warehouse portfolio in Pittsburgh, Pennsylvania.
Burns & Scalo Real Estate Services, headed by James Scalo, considered the largest owner/operators of flex warehouse real estate in the region, paid $33m for the portfolio.
Investors buying North American real estate this year will prefer to boost activity through the industrial sector, according to a new CBRE survey.
The survey showed that one-third of respondents prefer industrial assets ahead of any other asset class, including office and multifamily.