Kroll Bond Rating Agency (KBRA) believes Western Alliance Bank can “comfortably manage” the hotel financing business it has agreed to purchase for $1.4 billion from GE Capital.
By Al Barbarino For many of us who grew up in suburban America, the local shopping mall conjures nostalgic thoughts of childhood. The Camillus Mall in the suburbs of Syracuse, New York had one of those centerpiece water fountains filled with loads of coins. I remember gazing into its shallow pools as a kid, the coins glistening underwater, thinking […]
Mesa West Capital has originated a $56.8 million first mortgage loan to the owners of the Northbridge Centre, a Class A office building in West Palm Beach, Florida.
The refinancing includes a new $41.7 million loan that has been consolidated with an existing $20 million consolidated loan from May of 2014.
Bank of America has led the $123 million financing of Rubenstein Partners and Vision Real Estate Partners’ $136 million acquisition of the Warren Corporate Center in Warren, New Jersey.
Loan refinances a 400,000 sq ft office property at 2000 L Street NW.
The owners of the Sony Building at 550 Madison Avenue in Manhattan are reportedly seeking about $1.4 billion to refinance the existing debt secured when they purchased the property in 2013.
The floating rate, non-recourse loan on the 245,000 sq ft portfolio also funds redevelopment and retenanting costs.
Madison Realty Capital has provided a $60 million loan to Heritage Real Estate Partners for the development of a condominium tower being built in Manhattan’s East Harlem neighborhood, Real Estate Capital has learned based on city property records.
Wells Fargo was again the top originator of commercial/multifamily mortgages in 2015, increasing volume by nearly one-third over the previous year to reach $66.7 billion.