Category : Debt & Equity

Deutsche investment arm puts a price on environmental awareness
Debt & EquityGreen Building

Deutsche investment arm puts a price on environmental awareness

REW
by REW821
A new report from Deutsche Asset & Wealth Management’s (Deutsche AWM) cites a 31 percent ROI as reason enough to keep investing in green building. In its annual Environmental Social Governance (ESG) Strategy Update, the company highlights the 10 achievements and overall progress Deutsche AWM’s real estate investment business has...
Deals & DealmakersDebt & EquityFeatured

$120M mortgage for 30 Park purchase

REW
by REW965
Meridian Capital Group has negotiated $120 million in financing for the purchase of 30 Park Avenue. Public records show the 20-story building was purchased by Thor Equities for $179 million. However, Cammeby's International has taken a majority stake in the property. Eli Shron, a vice president at Cammeby's, signed the mortgage agreement for borrower.
TitleVest acquired by First American
Debt & Equity

TitleVest acquired by First American

REW
by REW1006
First American Title Insurance Company is expanding its operations into New York with its purchased of the locally-based TitleVest Holdings Group, LLC. “TitleVest is an important addition to the First American family in New York, where our commitment to our customers and our agent partners across the state is strong,”...
Jennifer Tuhy named CFO for Hudson Yards
Debt & Equity

Jennifer Tuhy named CFO for Hudson Yards

REW
by REW1049
Related Companies announced that Jennifer Tuhy has been named Chief Financial Officer of Hudson Yards. In this role, Jennifer will be a part of the executive team on the historic 28-acre development, responsible for overseeing all finance and accounting aspects of Hudson Yards. As CFO, Jennifer will be responsible for...
Crowdfunding breaks the billion
Debt & EquityHeadline

Crowdfunding breaks the billion

REW
by REW774
By Konrad Putzier Real estate crowdfunding firms raised $1.014 billion worldwide in 2014, according to a report by research and consulting firm Massolution. Most of that money – $565 million – was raised in North America, more than doubling the 2013 total of $184 million. The report highlights the impressive...
Debt & Equity

Haselmayr to speak at “Health & Wealth” seminar

REW
by REW715
Charles Rutenberg LLC premieres its “Health & Wealth in Real Estate” seminar series on Thursday, March 5th, with guest speaker Melanie Haselmayr, Founder and CEO of Mevvy, the revolutionary app discovery platform that has been touted in Forbes, AllBusiness.com and other national publications and business blogs. The first in an ongoing series...
CDT commits $100M to public housing program
Debt & Equity

CDT commits $100M to public housing program

REW
by REW741
The Community Development Trust (CDT) announced its $100 million commitment to the Rental Assistance Demonstration (RAD) program, a program developed by the U.S. Department of Housing and Urban Development (HUD) designed to supplement congressionally allocated funds that alone are insufficient to keep up with the capital needs of public housing...
What rising interest rates would mean for real estate investing
Debt & Equity

What rising interest rates would mean for real estate investing

REW
by REW764
By Michael Howe, director, Institutional Products, PENSCO Trust Company For the past six years, the arrival of a New Year has also meant the arrival of media speculation that this will be the year that the Federal Reserve will raise its namesake fed funds rate. But in prior years, the...
55 million visitors make NYC hospitality sector investors darling
Deals & DealmakersDebt & EquityFeatured

55 million visitors make NYC hospitality sector investors darling

REW
by REW945
The global hospitality sector — riding a broad wave of growth, innovation and demand — is in a strong position to make further gains during 2015 as fresh capital from new locales increases the number of industry participants and creates an attractive atmosphere for acquisition. The infusion of fresh cross-border capital and innovation in both properties and concepts will be the key drivers of growth in 2015. Michael Fishbin, EY’s Global Hospitality & Leisure Leader, said, “We expect the hospitality industry to experience significant growth, development and brand expansion in the coming year. Despite some significant headwinds — such as geopolitical instability, new health concerns and inconsistent economic growth — the global industry is thriving and optimism prevails.”
Bernstein inks $51M recap for Midtown building
Debt & Equity

Bernstein inks $51M recap for Midtown building

REW
by REW654
Meridian Capital Group negotiated a $51.5 million mortgage to recapitalize an office property located in Midtown Manhattan on behalf of Bernstein Real Estate. The seven-year loan, provided by a regional balance sheet lender, features a fixed-rate of 3.88 percent. The transaction was negotiated by Meridian managing director Allan Lieberman, who...