Home Authors Posts by

Deutsche Bank AG, New York Branch has provided the financing backing Princeton International Property and its partners’ $170m acquisition of a 14-story, 200,000 sq ft commercial building at 111 East 59th Street in the Lenow Hill neighborhood of Manhattan.
New York Life Insurance Company is backing Cornerstone Real Estate Advisers’ $270m acquisition of downtown Manhattan’s 100 Wall Street.
MassMutual has reportedly provided Corcoran Jennison Hospitality (CJH) with a $70m loan to refinance the DoubleTree by Hilton Boston in downtown Boston, Massachusetts.
Maryland-based Corporate Office Properties Trust has purchased the 37-story Transamerica Tower at 100 Light Street for $121m, assuming with it $55m of debt provided by Northwestern Mutual.
The top of Seattle, Washington’s skyline now belongs to Gaw Capital Partners, the Hong Kong firm that reportedly closed on its $711m purchase of the 76-story Columbia Tower with $400m in acquisition financing from MetLife.
In one of the largest transactions closed to date through CBRE Group’s Federal Housing Administration (FHA) lending platform, the firm has originated a $51m loan for the refinancing of The Meridian at Stanford Ranch, a luxury apartment complex in Rocklin, California, Real Estate Capital has learned.
Alexander’s Inc. has completed a $350m refinancing of the retail portion at Manhattan's 731 Lexington Avenue, the building commonly referred to as the Bloomberg Tower.
A 45% jump in loan originations to $3.5bn in Q2 helped Walker & Dunlop report record earnings and revenues, but the dynamic between the company’s robust agency lending business and its more recently-formed CMBS joint venture remains a double-edged sword.
CMBS originators are cautious as ever due to widening spreads. After spending much of the beginning of the year near 80 basis points over swaps, 10-year AAAs have been pricing in the 100-107 bps range.
Los Angeles-based Canyon Partners Real Estate has provided a $133.7m senior construction loan to Property Markets Group (PMG) and joint venture partner S2 Development for the development of the Muse Residences in Sunny Isles Beach, Florida.
rec
rec

Copyright PEI Media

Not for publication, email or dissemination