Category : Debt & Equity

Ocean Hill loan tops $14M
Debt & Equity

Ocean Hill loan tops $14M

REW
by REW762
Eastern Union started off the year right answering the demanded created in the form of the construction cranes dotting the New York City skyline. The firm’s latest loan product services a proposed six-story, 57-unit multifamily building in Ocean Hill, illustrating New York City’s construction boom’s loud pronunciation in Brooklyn. Estimated...
Leasing rooftops for solar will be a hot trend for 2015
Deals & DealmakersDebt & Equity

Leasing rooftops for solar will be a hot trend for 2015

REW
by REW845
Commercial property owners can take their leasing to the next level — specifically, the rooftop — by capitalizing on rising demand for solar power arrays, according to Roy M. Palk, senior energy adviser for national law firm LeClairRyan. “Across the country, the rise of cheaper and more efficient solar technology...
Top five trends to have on your 2015 REIT radar
Debt & Equity

Top five trends to have on your 2015 REIT radar

REW
by REW925
By Stuart Eisenberg, Real Estate practice leader and partner at BDO USA As we settle into the New Year, now is the time to look at what 2015 holds for commercial real estate. Thanks to 2014 giving way to stronger market fundamentals, including better availability of equity and financing, the...
Debt & Equity

C&W team advises on $37M in loan deals

REW
by REW894
Cushman & Wakefield announced that it acted as exclusive advisor on three transactions totaling approximately $37 million in senior mortgage financing. The firm’s Equity, Debt & Structured Finance team of Gideon Gil, Sridhar Vankayala and Alex Lapidus advised in the financings for the following transactions: • The Simpson Organization in...
Debt & EquityFeatured

Meridian arranges $180M loan for APF’s Club Row Building

REW
by REW879
Meridian Capital Group arranged $180 million in financing for the Club Row Building in Midtown on behalf of APF Properties. Last month, APF Properties took 100 percent ownership of the building at 28 West 44th Street, buying out the 80 percent equity stake held by Prudential Real Estate Investors (PREI) and valuing the property at $235 million. At the time, Kenneth Aschendorf, principal of APF Properties, called the move "part two" of the firm's strategy to capitalize on a $9 million capital improvement program as the market for Class ‘B’ office buildings in Midtown flourishes.
Debt & EquityFeatured

All eyes on Fed as rates stay low

REW
by REW848
New York’s real estate industry has long been preparing for interest rates to start rising in mid-2015. But what if they don’t? Over the past two months, a slowdown in inflation, declining wages and economic risk abroad have made it more likely that the Federal Reserve will delay its return to monetary normalcy. Some economists are even urging a new round of asset purchases, or quantitative easing. For the real estate industry, this offers opportunities as well as risks.
Report: Industry shielded from rising rates
Debt & EquityFeatured

Report: Industry shielded from rising rates

REW
by REW1006
While benchmark interest rates are expected to rise in 2015, a new survey shows that most real estate executives are not as worried about interest rate increases as they are confident in the Federal Reserve’s ability to manage any increases in a thoughtful manner. “Industry participants see another year of...
Is recent tax reform just in time — or too late?
Debt & Equity

Is recent tax reform just in time — or too late?

REW
by REW824
By Mark B. Rubin, senior managing director, FTI Consulting 2014 was an odd year to understand the impact of taxes on businesses, in particular for those connected to the real estate industry. There have not only been a number of tax laws enacted over the past couple of years, there...
Mitchell Lama building saved in gentrifying Harlem neighborhood
Construction & DesignDebt & Equity

Mitchell Lama building saved in gentrifying Harlem neighborhood

REW
by REW1258
A non-profit owner and its development consultant have secured financing to keep a Harlem Mitchell Lama building affordable for the next 30 years. HOPE Community, with assistance from Carthage Real Estate Advisors, recently closed on the recapitalization of Canaan House, a 147-unit Mitchell Lama property. The $40 million transaction could...
Debt & Equity

TEI closes on $143M in new loan transactions

REW
by REW873
New York-based Time Equities Inc. (TEI), an international real estate investment, development and asset and property management firm, recently announced 13 new loan closings totaling $143,175,000 in the last month. Stuart Bruck, director of mortgage brokerage and Dan Levitt, associate mortgage broker of TEI, led the company in the following...