Category : Debt & Equity

Debt & Equity

Scott Robinson is new Appraisal Institute president

REW
Scott Robinson, MAI, SRA, AI-GRS, of Salisbury, North Carolina, began his one-year term as president of the Appraisal Institute on Jan. 1. The Appraisal Institute is the nation’s largest professional association of real estate appraisers with nearly 20,000 professionals in almost 60 countries. The Appraisal Institute’s other elected officers for...
Deals & DealmakersDebt & Equity

Angelo, Gordon Co. founder John Angelo dead at 74

REW
John Angelo, the 74-year-old co-founder of investment firm, Angelo, Gordon & Co. has died following a battle with cancer. Mr Angelo co-founded his company with Michael Gordon in 1988 and together they grew it to a $27 billion enterprise. In a statement to the company’s 400 employees, Mr Gordon said,...
Debt & Equity

New York continues as top global city for foreign investment

REW
For the second year in a row, New York has been named top global and top US city by foreign investors according to the results of the 24th annual survey taken among the members of the Association of Foreign Investors in Real Estate (AFIRE) and released Monday. Globally, New York...
Debt & Equity

Forest City completes REIT conversion

REW
Forest City Enterprises has completed its conversion to a Real Estate investment Trust. “We are thrilled to complete the conversion process and begin operating as a REIT,” said David J. LaRue, Forest City president and chief executive officer. “Forest City has a rich history, from our founding by immigrant families...
Silver Arch Capital arranges $21M loan for luxury Miami development
Construction & DesignDebt & EquityResidential

Silver Arch Capital arranges $21M loan for luxury Miami development

REW
Hackensack, NJ-based lender, Silver Arch Capital, has arranged a $21 million loan for  a one million-square foot luxury residential and hotel development at the site of the famous Jockey Club in Miami. Jeffrey Wolfer, president and CEO of Silver Arch Capital, announced the company’s completion of the funding for the Apeiron at the Jockey...
Debt & Equity

Newmark tallies $500M in loans in 2015

REW
Newmark Holdings announced the total tally of the company’s financing transactions in 2015 was $500 Million. The firm closed a total of 11 loan transactions over the course of the year, much of it earmarked to refinance and upgrade legacy properties in their 10 million square foot portfolio as well...
New $1B Related fund to target gateway cities, urban markets
Debt & Equity

New $1B Related fund to target gateway cities, urban markets

REW
Related Companies announced the final closing of Related Real Estate Fund II, an operator-sponsored opportunity fund, with equity commitments of over $1 billion. The fund’s target of $850 million was exceeded due to high U.S and global investor interest. Included in the roster of limited partners are some of the...
Rose, Benenson secure $158 to build Brooklyn apartment tower
Debt & Equity

Rose, Benenson secure $158 to build Brooklyn apartment tower

REW
Rose Associates announced it has closed a $158 million loan for the construction of a residential property located at 210 Livingston Street being co-developed by Rose Associates and Benenson Capital Partners. The loan was funded by the issuance of bonds provided by the New York State Housing Finance Agency that...
Debt & Equity

Transactions: Meridian Capital’s $44M mortgage in Brooklyn, GCP Capital’s $30m in mortgage financing

REW
Meridian Capital announced the following transactions: New mortgages totaling $43,980,000 were placed by Meridian on seven multifamily properties composed of 387 units located on 18th, 19thand 21st Streets as well as Caton, Clarkson, Ocean and Ditmas Avenues in Brooklyn, NY. The loans feature rates of 2.45% and were negotiated by...
Eastern Union arranges financing for Pennsylvania apartments
Debt & Equity

Eastern Union arranges financing for Pennsylvania apartments

REW
Eastern Union Funding arranged acquisition financing for two apartment communities in Lancaster, Pa., on behalf of Lakewood, N.J.-based AJH Management. This is a westward expansion for the investor, which now owns 1,500 units on the Jersey Shore and throughout eastern Pennsylvania. The transaction was also its largest to date. Eastern...