Category : Debt & Equity

Debt & Equity

Cushman & Wakefield sees solid second quarter revenue gains across service lines

REW Staff
by REW Staff701
Cushman & Wakefield, the world’s largest privately held commercial real estate services firm, reported gross revenue increased 15.6% to $582.5 million for second-quarter ended June 30, 2013, as compared with $503.7 million a year ago. Adjusted income attributable to owners of the parent for the current quarter, increased 79.4% to...
In NYC retail, the parts are worth more than the whole
Debt & EquityRetailViews

In NYC retail, the parts are worth more than the whole

REW Staff
by REW Staff264
By Adelaide Polsinelli, senior director, Eastern Consolidated High street retail rents in New York City, particularly Manhattan, have been setting daily records for breaking through the stratosphere. And now, a ripple effect is happening in the retail condominium scene. It wasn’t long ago when owners valued their property by what they...
Private equity summit set for September
Deals & DealmakersDebt & Equity

Private equity summit set for September

REW Staff
by REW Staff762
On September 24, 2013, more than 400 real estate and private equity executives will convene at the McGraw-Hill Conference Center for the inaugural EisnerAmper Real Estate Private Equity Summit. More than 50 power-players, including executives from 20 leading private-equity houses, will speak on topics ranging from the current economy, deal...
Chinese insurance funds target overseas real estate
Debt & Equity

Chinese insurance funds target overseas real estate

REW Staff
by REW Staff799
Chinese insurance funds have more than US$14 billion available for overseas real estate investment, with high transparency markets, including the United Kingdom, United States, Canada, Singapore, Hong Kong and Australia, expected to be among the key targets, according to the latest research from CBRE Group, Inc. Given the present scarcity...
Construction & DesignDebt & Equity

Post-Sandy financing landscape altered

REW Staff
by REW Staff873
Nothing about Superstorm Sandy was normal – not the magnitude of it, not the damage it caused, and not the government’s or the region’s reaction to it. So it should come as little surprise that the financing landscape for post-Sandy development and re-development is also unusual. “In the aftermath of...
HKS secures $34M for boutique NoMad hotel venture
Debt & EquityFeatured

HKS secures $34M for boutique NoMad hotel venture

REW Staff
by REW Staff649
HKS Capital Partners has secured a $34 million loan financing the construction of a hotel on a vacant site in the NoMad neighborhood. Simon Development Group, KSNY, Eagle Point Hotel Partners and an affiliate of Cube Capital are turning the lot, at 11 East 31st Street,between Madison and Fifth Avenues into a new 250-room hotel. Doral Bank provided the loan.
Debt & Equity

$16M construction finance for new LIC condo

REW Staff
by REW Staff863
Meridian Capital Group negotiated $16.4 million in construction financing and $5.7 million in joint venture equity for a new Long Island City condo. The deal was arranged on behalf of Rising Developers Group LLC and Stonecutter Capital Management LLC, a joint venture represented by Moshe Jacobowitz, Esq., for a ground-up...
Debt & Equity

Bruck brings in 18 loans

REW Staff
by REW Staff922
New York-based Time Equities, Inc. (TEI) announced 18 new loan closings on properties located in New York. Stuart Bruck, director of Mortgage Brokerage at Time Equities, led the company in the transactions, which included a $30.2 million package of loans on a portfolio of 11 buildings, with 698 apartments, in...
Deals & DealmakersDebt & EquityFeaturedResidential

Lightstone closes on $43M finance deal for Fulton Street tower

REW Staff
by REW Staff938
The Lightstone Group has closed a $43 million pre-development loan with Banco Inbursa for its Fulton Street Project. The project is an assemblage of three fee parcels and seven air-rights parcels in Lower Manhattan, between Nassau and Dutch streets, creating a 422,000 gross square foot development site. The parcels were all acquired by Lightstone for approximately $76 million. Upon completion, the project will consist of 475 luxury residential units in 58 stories.
Debt & Equity

Capital One buys Beech St.

REW Staff
by REW Staff715
Capital One Financial Corporation is set to acquire Beech Street Capital, a privately-held, national originator and servicer of Fannie Mae, Freddie Mac and FHA multifamily commercial real estate loans. The terms of the transaction were not disclosed. Founded in 2009, Beech Street is an originator, underwriter and servicer of multifamily...