Category : Debt & Equity

Deals & DealmakersDebt & EquityFeatured

Brookfield Property Partners offers nearly $15B to buy remaining GGP stocks

REW
by REW1163
Brookfield Property Partners is willing to pay nearly $15 billion to deepen its control of the Chicago-based real estate trust GGP, a sign, analysts say, that the company wants to turn the publicly-traded REIT private. Offering either $23 or nearly one percent of a limited partnership unit in its company...
Report: Manhattan, Brooklyn, Westchester hardest hit by GOP tax plan
Debt & EquityFeatured

Report: Manhattan, Brooklyn, Westchester hardest hit by GOP tax plan

REW
by REW1558
Two provisions in the GOP federal tax plan will disproportionately impact homeowners in Manhattan, Brooklyn and Westchester County. According to a report from ATTOM Data Solutions, thousands of homeowners in the areas may see their homeownership tax incentives slashed due to Congress’ proposed cuts to mortgage interest rate and property...
Moinian Group closes $103M construction loan deal on 572 11th Avenue
Debt & EquityResidential

Moinian Group closes $103M construction loan deal on 572 11th Avenue

REW
by REW1552
The Moinian Group has closed on a $103 million construction loan for its new West Side apartment tower at 572 11th Avenue. Greystone Bassuk negotiated the loan with Bank of China, New York Branch on behalf of Moinian. The loan was structured as a letter of credit-enhancing taxable variable-rate bonds issued...
Debt & Equity

MetLife closes $400M loan for Freehold Raceway Mall in New Jersey

REW
by REW2021
MetLife Investment Management and TH Real Estate have funded $400 million loan for the Freehold Raceway Mall in Monmouth County, NJ. The mall is situated on 200-acres at the intersection of US Route 9 and New Jersey Routes 33 and 537, in Monmouth County. The property is a super regional...
Debt & Equity

Report: New York State parks generate $5 billion, 54,000 jobs

REW
by REW1107
A new study has found that the New York State Park System and its visitors generated spending of about $5 billion, which supported nearly 54,000 jobs within the state of New York and over $2.8 billion in state GDP. The study, by the Political Economy Research Institute at the University...
L&L, JP Morgan launch $500M joint venture with $4B in buying power
Deals & DealmakersDebt & Equity

L&L, JP Morgan launch $500M joint venture with $4B in buying power

REW
by REW1319
L&L Holding Company and an institutional investor advised by J,P. Morgan Asset Management have formed a $500 million real estate joint venture partnership. The new investment vehicle will provide L&L and J.P. Morgan with up to $4 billion in buying power to be used for acquisition and development purposes in...
Green rewards program affords developer some loan flexibility
Debt & EquityResidential

Green rewards program affords developer some loan flexibility

REW
by REW1302
Arbor Realty Trust, a real estate investment trust and national direct lender, announced the combined funding of $20,190,000, under the Fannie Mae DUS Green Rewards and Freddie Mac SBL product lines. The funding was provided to New Jersey-based Friedlam Partners for the acquisition of Crown Point Luxury Apartment Homes, a...
Greystone provides $41.6M in Fannie Mae financing for So. Cal. portfolio
Debt & Equity

Greystone provides $41.6M in Fannie Mae financing for So. Cal. portfolio

REW
by REW1258
Greystone provided $41,648,000 in Fannie Mae financing on a Malik Corporation property portfolio in Southern California. The loans were originated by Matt Stevens of Greystone’s San Diego office with Don Salka of First Pacific Financial acting as correspondent on the transaction. The refinanced properties, which contain between eight and 32...
Racanelli Realty launches new commercial real estate finance division
Debt & Equity

Racanelli Realty launches new commercial real estate finance division

REW
by REW1173
Racanelli Realty Services Commercial Real Estate Financing Division which will offer a range of flexible financing options accessed through Racanelli’s network of lenders.   Vice resident Nicholas E. Racanelli will head up Racanelli Realty’s new division. He will leverage his extensive experience serving in various executive roles with leading mortgage...
Work starts on Newark Teachers Village as money adds up
Debt & Equity

Work starts on Newark Teachers Village as money adds up

REW
by REW1295
RBH Group, the developer of Newark’s Teachers Village, announced the completion of financing and the start of construction on Hartford’s Teachers Corner, a mixed-use apartment complex in downtown Hartford aimed specifically at teachers. Teachers Corner is located at 370 Asylum Street, at the intersection of Asylum and High Street. It...