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.