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Invictus closes $89M construction loan for TOD
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NYC based real estate private equity company Invictus Real Estate Partners has originated an $89.5 million construction loan for the next phase of the
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First Bank funds $9M loan for factory acquisition
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JLL Capital Markets announced that it has arranged $9 million in financing for a fully leased, 77,875 s/f industrial facility located at 100 Industrial Rd.
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Bronx investor refinances trio of properties with $25M loan
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Black Bear Capital Partners (BBCP) has arranged $25.5 million in permanent financing on behalf of a private investor for the refinance of three multi-family
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AXA acquires $875M logistics portfolio
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AXA Investment Managers – Real Assets (AXA IM – Real Assets) has acquired a nearly 8 million s/f logistics portfolio for $875 million.
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Rockport closes on $74M refi’ to upgrade Queens senior housing
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Rockport Mortgage Corporation has closed a $74.5 million FHA Section 223(f) refinancing loan for Israel Senior Citizen Housing I and II, a 512-unit HUD-subsidized
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Newmark welcomes new partner, plans push into Canada
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Newmark has entered into an alliance agreement with Ciminelli Real Estate Corporation in Western New York. Under the the deal, Ciminelli will operate under
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Arbor arranges $31M refi’ package for longtime client
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Arbor Realty Trust announced it has funded $30 million in loans to refinance a dozen multifamily properties across Connecticut and Georgia.
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Latest report shows city rents decimated by COVID
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New York City rents have fallen more this year than they did during the Great Recession, according to StreetEasy’s November 2020 Market Reports.
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Iron Mountain sells $358M industrial portfolio to Blackstone
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Digital storage giant Iron Mountain has sold a 2.1 million industrial portfolio to Blackstone for $358 million. JLL Capital Markets brokered the sale-leaseback
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REBNY calls for extension of eviction moratoriums as restaurants plea for help
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The Real Estate Board of New York is calling for an extension of eviction moratoriums in the city. As New York State’s current eviction moratoriums are
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G4 funds $230M loan to recap Chetrit, Bistricer condo
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Joseph Chetrit and David Bistricer’s Clipper Equity have secured $232.5 million in loans to refinance their Gramercy Square condo development.
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Simon Baron closes on $30M mezz loan for LA hotel project
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Slate Property Group and Atalaya Capital Management LP partnered in a joint venture to provide a $30 million mezzanine loan for the repositioning of the