SL Green has sold off a 40 percent stake in Eleven Madison Avenue to PGIM Real Estate for $480 million -- and the joint venture is seeking to modify the existing mortgage on the property.
SL Green announced that it has reached an agreement on a rezoning lawsuit at One Vanderbilt, “eliminating uncertainty” surrounding the construction of the 58-story commercial tower.
Blackstone has raised $4.5 billion for Blackstone Real Estate Debt Strategies (BREDS) III fund, sources confirmed to Real Estate Capital.
Urbanest has secured a £350 million senior loan facility to refinance its five-asset, 2,520-bed central London student accommodation portfolio.
Republican presidential nominee Donald Trump has named a 13-man economic advisory team made up of an array of bankers, billionaires, businessmen and real estate bigwigs including Steven Roth, chairman and CEO of Vornado Realty Trust, and Howard Lorber of Vector Group.
Until now developers have sought to capitalize on the greater returns offered by the residential market, but the landlords’ market is turning as prices and rents level off.
Tritax Big Box REIT has secured a £72 million ($94.6 million) fixed-rate, interest-only loan against a three-asset portfolio, marking its first lending facility through Canada Life Investments.
Greystone has provided $49.4 million in Freddie Mac loans to refinance two assisted living and memory care facilities in Carmichael, California and Denver, Colorado. A 10-year, $25.15 million Freddie Mac Seniors loan with 30-year amortization was provided to Oakmont Senior Living at Oakmont of Carmichael, a newly constructed two-story, 71-unit AL/MC community on 2.38 acres. […]
The CMBS Delinquency Rate moved 16 basis points higher to 4.76 percent in July, marking the fifth straight month of increases, according to Trepp’s monthly report.
ConnectOne Bank has provided a $22.3 million loan to Madison Realty Capital on the developer’s $37.6 million purchase of a commercial property in the Sunset Park neighborhood of Brooklyn, city property records show.