Cresset, Diversified close $465M OZ fund, launch new campaign
Cresset and Diversified Real Estate Capital announced the close of their first Qualified Opportunity Zone (QOZ) fund, the Cresset-Diversified QOZ Fund, after raising the $465
Category : Banking and Finance
Meridian arranges loan for Fordham assemblage
Meridian Capital Group arranged $18.85 million in acquisition financing for the CSX site within the Fordham Landing assemblage in the Bronx. The 12-month bridge loan
125 Greenwich loan trades for $230M
BH3 has completed the $230 million sale of its non-performing senior mortgage position on 125 Greenwich Street in the Financial District. The buyer was Fortress
Investors continue to court US real estate assets
Strong demand from both domestic and foreign investors, combined with moderate economic growth, is expected to keep capitalization rates for U.S. commercial real estate assets
Turnbridge Equities to build largest last-mile center in NYC to date
“Last-mile” delivery in the Greater New York area is about to take a giant step into the future. Real estate investment firm Turnbridge Equities has
Legal merger creates tax authority
Wilkes Law Group is merging with Herman Katz Cangemi & Clyne, LLP (HKCC). The new firm is Herman Katz Cangemi Wilkes & Clyne, LLP (HKCWC),
DFS takes steps to ensure institutions set for SOFR
Financial Services Superintendent Linda A. Lacewell announced that the New York State Department of Financial Services (DFS) is directing New York-regulated depository and non-depository institutions,
PTM raises $98M fund targeting East Coast opportunity zones
PTM Partners (PTM) has closed A $97.9 million fund targetting Opportunity Zone investments along the eastern seaboard. PTM Partners Opportunity Zone Fund I, LP has
Feds monitor Coronavirus as US economy shows signs of good health
By Linda O’Flanagan The Federal Reserve left interest rates unchanged last week as chairman Jerome Powell said the central bank continues to monitor ongoing risks,
Protestors picket billionaire Bezos penthouse, demand part-time New Yorkers pay luxury tax
By Linda O’Flanagan New York State Senator Brad Hoylman joined protestors outside Jeff Bezos’ $80 million New York home last week to demand the Amazon