New Jersey investor pays $154M for Chicago highrise
New Jersey based Strategic Properties of North America (SPNA) has partnered with South Korean investor Mirae Asset Daewoo to acquire a luxury Chicago apartment building
Category : Banking and Finance
Industry looks to IRS for relief on 1031s
Some of the nation’s most powerful real estate groups have written to Treasury Secretary Steven T. Mnuchin urging him to temporarily lift restrictions on 1031
BlackRock balancing America’s economy on its back
BlackRock, the world’s largest asset manager, has been put in charge of running a new credit facility set up to help large New York employers
Syndicator helps finance office acqusition
Feldman Equities and its joint venture partners, Tower Realty Partners and Equity Street announced the acquisition of Sarasota City Center, two Class A office buildings
Private markets looking to the future after decade of steady growth
McKinsey & Company published its Global Private Markets Review 2020, a comprehensive analysis of the dynamics and performance of the private investing industry. Entitled A
Tax saving transactions every broker should know about
By Jahn S. Brodwin & Scott Drago, FTI Consulting, Inc. High-value real estate deals bring high-dollar tax liability, driving commercial property owners to seek ways
NKF secures debt, equity for NC apartment deal
Newmark Knight Frank Multifamily (NKF) announced the financing of Hawthorne Six Forks, a 471-unit apartment community located in Raleigh, North Carolina. The buyer retained NKF
Arbor funds Fannie Mae loan for cash out refi’
Arbor Realty Trust funded a $19 million Fannie Mae Streamlined Rate Lock (SRL) loan in Santa Monica, CA. The refinance cash-out deal for this 34-unit
NKF arranges $30M Coachella retail transaction
On behalf of a joint venture between DRA Advisors and Paragon Commercial Group, Newmark Knight Frank has arranged a $30 million floating-rate loan for the
Greystone provides $36M HUD loan for green development
Greystone provided a $36.4 million HUD-insured construction loan under the HUD 221(d)(4) program to Grubb Properties LLC for the development of Link Apartments 4th Street,