Category : Banking and Finance

Cushman & Wakefield arranges $94M for 17-building industrial park
Banking and Finance

Cushman & Wakefield arranges $94M for 17-building industrial park

REW
by REW2355
Cushman & Wakefield, acting as the exclusive advisor to Angelo Gordon & Onyx Equities, has helped in the procurement of $94 million in financing for a 17-building industrial and flex portfolio with 1,176,706 s/f in Rockland County. The acquisition financing was provided by Bank of America. A Cushman & Wakefield...
RMC adds to team
Banking and Finance

RMC adds to team

REW
by REW1549
Rubenstein Mortgage Capital (RMC) closed a $48.7 million senior construction loan commitment for 8West, a speculative office development located in West Midtown, Atlanta. The sponsor, Atlantic Capital Partners & Gateway Ventures, is constructing a 185,000 s/f building consisting of 175,000 s/f of office and 10,000 s/f of retail space. RMC...
Donʼt be misled by shifting winds of monetary policy
Banking and FinanceInsiders OutlookViews

Donʼt be misled by shifting winds of monetary policy

REW
by REW3534
By Andrew Dansker, Marcus & Millichap The Federal Reserve Board of Governors last week voted to lower the federal funds target rate by 25 basis points. The Federal Reserve has signaled that it remains open to further downward adjustments — futures markets are currently strongly predicting a further cut of25...
Banking and Finance

Related Companies getting into railroad, car rental biz

REW
by REW2638
Related Companies is growing its infrastructure business. Weeks after partnering with Uber to create the world’ first Skyport, the New York-based developer has formed a joint venture called BRX Transportation Holdings with Brookhaven Rail Partners and Stephens Capital Partners to acquire Pioneer Railcorp. It has also made an equity investment...
Banking and Finance

JLL brokers loan for PAG’s New Jersey office acquisition

REW
by REW1861
JLL arranged acquisition financing for 180-188 Mount Airy Road, two office buildings and an ancillary structure totaling 104,202 s/f in the Somerset County community of Basking Ridge, New Jersey. JLL worked on behalf of the borrower/buyer, PAG Investments and CIG Properties, to secure the seven-year, fixed-rate acquisition loan through TD...
Banking and Finance

Stonehenge finances flagship NYC properties

REW
by REW1166
Stonehenge NYC successfully completed the refinancing of two of its flagship properties located at 108 West 15th Street and 210 West 89th Street with New York Community Bank. Total gross proceeds from the refinancing amounted to more than $63 million. Ralph Herzka and Abe Hirsh, from Meridian Capital, represented Stonehenge...
Banking and Finance

EB5 investors set to fund Coachella venture

REW
by REW2556
George Washington Immigration Group aims to provide $65 million in EB-5 financing for Glenroy Coachella LLC. The funds will be used to finance a portion of the costs of constructing Indigo Coachella, a full-service Indigo Hotel, a brand under the InterContinental Hotel Group umbrella. The resort is projected to open...
Banking and Finance

AEW, REDCO office JV secures $77M loan

REW
by REW1420
Square Mile Capital Management originated a $77 million loan secured by One Montgomery, an office building in the Financial District submarket of San Francisco, CA. The loan was made to a joint venture between AEW and REDCO Development, and it includes acquisition proceeds as well as funds for a capital...
Arbor funds $15M apartment bridge refinance
Banking and Finance

Arbor funds $15M apartment bridge refinance

REW
by REW1156
Arbor Realty Trust funded a $15 million bridge refinance loan in Brooklyn, NY. Arbor provided the loan for 2417 Albemarle Road, a 43-unit multifamily property. The deal provides an interest only loan over a two year term. Eugene Yanovskiy of Arbor’s New York City office originated the loan. “Arbor’s bridge...
TRANSACTIONS
Banking and Finance

TRANSACTIONS

REW
by REW2016
HKS Real Estate Advisors reported the following transactions: • A $8.15 million construction loan for the ground-up development of a seven-story, eight-unit residential condominium building in Manhattan. Michael Lee, partner, arranged the financing. • A $4.8 million acquisition and renovation loan for the purchase and rehab of a five-story multi-family property comprised...