Category : Debt & Equity

Debt & Equity

Kushner closes on $25M Journal Square refinancing

REW
by REW1555
Kushner Companies announced that it has secured a $25 million loan from Santander Bank to refinance One Journal Square. Kushner Cos. is developing the property in Jersey City as part of a joint venture with KABR Group and WeWork. The deal closed on Friday “Santander ensured a smooth closing process...
Debt & Equity

Treeline secures $106M for Garden City Plaza portfolio

REW
by REW2237
Development company Treeline announced $106 million in new first mortgage and mezzanine financing arranged for their four-building, 600,000 s/f Garden City Plaza office portfolio in Garden City, NY. Michael Schor, chief investment officer of Treeline, made the announcement. Robert Turner, Adam Spies and Joshua King of Eastdil Secured arranged the...
Tishman Speyer secures $1B in financing to build new Bjarke Ingels-designed Spiral
Construction & DesignDebt & EquityFeatured

Tishman Speyer secures $1B in financing to build new Bjarke Ingels-designed Spiral

REW
by REW1448
Tishman Speyer has unveiled the BIG-Bjarke Ingels Group conceptual design for its planned 65-story tower at 66 Hudson Boulevard in Manhattan. The developer also announced that it has secured more than $1 billion in equity for the project from a group of international investors. Called The Spiral, the 2.85 million...
Debt & EquityViews

Bending over backwards to defer taxes: Reverse 1031 exchanges

REW
by REW1335
By Michael S. Brady, Esq., Vice President, Riverside 1031 LLC Commercial property values are on the rise, and many property owners are looking reinvest their profits in assets that provide new opportunities. Faced with federal, state and local capital gain tax rates approaching 30 percent or more, these investors are...
Debt & Equity

Meridian arranges $16.3M for 220 Park Avenue South

REW
by REW1042
Meridian Capital Group arranged a $16.3 million mortgage on behalf of Park Avenue South, LLC to refinance and consolidate its senior and mezzanine debt secured by the classic multifamily loft building located at 220 Park Avenue South in New York City. The five-year financing, provided by a local savings bank,...
Tritec venture lands loan for Long Island office tower
Debt & Equity

Tritec venture lands loan for Long Island office tower

REW
by REW1531
Holliday Fenoglio Fowler secured a construction loan and preferred equity for the development of 3400 New Hyde Park Road, a to-be-built, 232,917 s/f Class A office building in Long Island’s North Hills. HFF worked on behalf of the borrower, a partnership between TRITEC Real Estate Company and Castagna Realty Co., ...
Colliers seeking $217M for One Two East project in Austin
Debt & Equity

Colliers seeking $217M for One Two East project in Austin

REW
by REW1703
Colliers International’s structured finance team of Jeffrey Donnelly and Ulrike Ahrens has been retained as exclusive advisor by Austin, Texas-based developer Legend Communities to source $217 million in debt and equity for the construction of One Two East. The project is a two-tower, 474-unit, market rate multi-family and active senior...
HFF arranges joint venture equity for Lighthouse Point in Staten Island
Debt & Equity

HFF arranges joint venture equity for Lighthouse Point in Staten Island

REW
by REW2110
Holliday Fenoglio Fowler arranged joint venture equity and construction financing for the development of the first phase of Lighthouse Point, a mixed-use residential and commercial project on Staten Island’s St. George waterfront. HFF worked exclusively on behalf of New York-based developer, Triangle Equities, to arrange a partnership with Lubert-Adler Partners...
Kensington Vanguard expands market presence; acquires Property Title Group
Deals & DealmakersDebt & EquityMergers and Acquisitions

Kensington Vanguard expands market presence; acquires Property Title Group

REW
by REW2161
Kensington Vanguard National Land Services  has expanded its national market presence with the acquisition of a controlling interest in Property Title Group LLC, a New Jersey-based title insurance provider. Property Title Group will continue to be co-managed by industry veterans Donald Cohen and Marilyn Henshaw, who retain ownership interests in...
Macquarie acquires interest in Stonehenge platform
Deals & DealmakersDebt & Equity

Macquarie acquires interest in Stonehenge platform

REW
by REW1296
Stonehenge NYC, which was founded and is led by Ofer Yardeni, announced that Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group, has acquired an interest in its Manhattan-focused multifamily real estate management platform. Stonehenge is currently the asset manager, property manager and owner of...