Category : Debt & Equity

Deals & DealmakersDebt & Equity

World’s big spenders love New York

REW Staff
by REW Staff732
New York attracted the most commercial property investment during the last year, as the global real estate investment market saw volumes increase by 16.7% to US$649 billion, according to Cushman & Wakefield’s annual Winning in Growth Cities report launched yesterday at the EXPO REAL trade fair in Munich, Germany. The...
Debt & Equity

Bromely closes $48M loan on 122 Fifth

REW Staff
by REW Staff940
The Bromley Companies has closed a 30-year $48.4 million refinancing of 122 Fifth Avenue. The 236,000 s/f 10-story office building with retail sits at the heart of the Union Square/Lower Fifth Avenue submarket between West 17th and West 18th Streets. Aaron Appel, a managing director at Meridian Capital Group, arranged...
Debt & Equity

Eastern Union’s new structured approach

REW Staff
by REW Staff970
Eastern Union Funding has announced plans to form a new structured finance division headed by Shaya Ackerman, a top producer at the company. Ackerman will be working with Dov Zabrowsky, a director of underwriting who will play a key role in the logistics of this operation, serving as the senior...
PCCP arranges loan for Solaria condo
Debt & Equity

PCCP arranges loan for Solaria condo

REW Staff
by REW Staff753
PCCP, LLC announced it has provided a $31 million loan to Arc Real Estate Group, LLC for Solaria Riverdale, a 65-unit condominium project in the Riverdale section of the Bronx. Arc, a New York-based development company, constructed the 20-story, full-service condominium property in 2007. “With this loan from PCCP, Arc...
Avison Young completes more debt, equity deals
Debt & Equity

Avison Young completes more debt, equity deals

REW Staff
by REW Staff770
Greg Kraut, principal and managing director of Avison Young’s New York City office, announced that the firm’s New York City-based Capital Markets group continues to be active with the recent completion of $80 million in debt and equity finance placements and more than $143 million in loan sale transactions throughout...
CBRE creates new job at the helm of global valuation sector
Debt & Equity

CBRE creates new job at the helm of global valuation sector

REW Staff
by REW Staff1032
CBRE Group, Inc. announced that Mike Gerard has been named Global President, Valuations, a new position for the company. In this role, Gerard will oversee the global integration and growth of CBRE’s Valuation Services business line. In 2012, CBRE’s 1,500 valuation professionals performed more than 118,000 valuation assignments around the world....
Wilcox inks $32M in loans
Debt & Equity

Wilcox inks $32M in loans

REW Staff
by REW Staff724
Gretchen S. Wilcox, president, and Al Raymond, principal of G.S. Wilcox & Co. arranged financings totaling $32,250,000. Four loans totaling $27,750,000 were originated with Thrivent Financial for Lutherans for borrower, Forsgate Industrial Partners. The loans were for four industrial buildings totaling 950,000 s/f The properties were located at 18 Thatcher...
Meridian inks $45M deal to build Williambsurg’s first Whole Foods
Deals & DealmakersDebt & Equity

Meridian inks $45M deal to build Williambsurg’s first Whole Foods

REW Staff
by REW Staff873
By Linda O’Flanagan Meridian Capital Group has negotiated a $45 million loan to financing the development of Williamsburg’s first Whole Foods. Executive vice president Aaron Birnbaum and vice president Tal Savariego arranged the three-year construction finance deal with interest-only payments and a LIBOR-based floating rate. The site at 240-242 Bedford...
Construction & DesignDebt & EquityProperty Managers

Green money growing one dollar at a time

REW
by REW1121
Two Columbia University doctoral students are venturing into the green start-up world with an idea that first took shape over a couple of beers. Earth and environmental engineering post-graduate students Kyle Fricker and Rob van Haaren recently founded Divvy, a crowd-sourcing website that funds solar and clean energy projects. “It's like the Kickstarter platform, but instead of creative projects it’s focused on clean energy projects,ˮ said Fricker. “People can bring ideas to the website to get them funded.ˮ
Debt & Equity

DUMBO developer closes on $31M finance deal

REW Staff
by REW Staff690
Madison Realty Capital (MRC) just closed a $21 million first mortgage loan to fund the acquisition of an eight-story office building at 29 Ryerson Street in the Clinton Hill section of Brooklyn. The firm also issued a conditional commitment for construction financing in the amount of $10 million to the...