Vornado Realty Trust announced this week that its 55 percent owned joint venture has completed the $273 million refinancing of The Warner Building, a 621,000 sq ft office building at 1299 Pennsylvania Avenue in Washington, DC.
Prudential Mortgage Capital Company has provided a $62 million loan for the acquisition and renovation of Squire Village Apartments, a 379-unit affordable multifamily property in Manchester, Connecticut.
The floating rate construction loan construction loan carries a three-year term with two one-year extension options, sources said.
CRE lenders are scrutinizing borrowers more rigorously than at any previous point this real estate cycle, delegates heard today at accounting firm WeiserMazars LLP’s New York Commercial Real Estate Summit in Manhattan.
Former RAIT Financial Trust executive Harris Heller joins as a managing Director based in Philadelphia, and Nicholas Diamond joins from Pillar Multifamily as a director based in New York.
AXA Equitable Life Insurance Company and Metropolitan Life Insurance Company provided $500 million for the refinancing of a 29-story office building at 31 West 52nd Street in Midtown Manhattan.
Despite some blunt assessments on the outlook for CMBS, room for optimism remains as spreads chart impressive reversal. As I walked the floor at CREFC’s High Yield & Distressed Realty Assets Summit in Manhattan back in March, I recall distinctly how one industry acquaintance bluntly summarized the mood of the event: “This is depressing, isn’t it?” […]
Mack Real Estate Credit Strategies has reportedly placed a $200 million loan to refinance Meadow Partners’ office condominiums at 866 United Nations Plaza on the east side of Midtown Manhattan. Meadow Partners purchased the property from Vornado Realty Trust in December of 2013 for $200 million, at the time financing the purchase with $140 million […]
Bridge Investment Group Partners (Bridge-IGP) has launched ROC Debt Strategies Fund II, according to documents filed with the Securities and Exchange Commission.
Redsky Capital has secured $94 million in loans to refinance 241 Bedford Avenue, a 74,370 sq ft mixed-use property in the Williamsburg neighborhood of Brooklyn, New York, Real Estate Capital has learned.