Capital markets regulation is at the top of US commercial real estate debt specialists’ minds as we enter 2016.
The much anticipated increase by 0.25 percentage points to a range of 0.25 to 0.5 percent will have no impact on commercial real estate, according to industry experts.
Natixis Real Estate Capital has provided a $26 million, 10-year, fixed-rate CMBS loan to Douglas Development to refinance an office building located in Washington, DC.
Quadrant Real Estate Advisors has continued its push into England by providing a £51.24 million acquisition loan to a US-based sponsor on a Central London office building, Real Estate Capital has learned.
Related Companies and Oxford Properties Group have secured more than $6.3 billion in financing at the massive Hudson Yards development on Manhattan’s far west side.
The firm has originated the $34.7 million whole loan for the acquisition of 100 West Broadway in Long Beach, California.
AEW Capital Management provided a $134 million, three-year, floating-rate loan to Gerding Edlen for the acquisition of 200 West Adams, a 32-story, LEED Gold certified, 683,730 sq ft office tower in Chicago’s West Loop.
Greystone, a real estate lending, investment and advisory company, has provided $27 million in Freddie Mac Small Balance Loans for an 11-property portfolio of multifamily units in Los Angeles, California, Real Estate Capital has learned.
Jefferson Apartment Group secured a $65 million loan to refinance loan for Tellus Apartments, a LEED Gold, mixed-use, high-rise community in Arlington, Virginia.
SL Green is buying out the Canada Pension Plan Investment Board’s 45 percent stake in 600 Lexington Avenue, a 36-story, 303,500 sq ft Midtown office building.