Category : Debt & Equity

Private equity firm Harriman Capital invests $15M in Common co-living developments
Debt & Equity

Private equity firm Harriman Capital invests $15M in Common co-living developments

REW
by REW2319
Harriman Capital, a new real estate private equity firm, announced its first investment focused exclusively on coliving. The firm will pump $15 million into developing four new coliving properties in New York City and Los Angeles, to be managed by co-living company, Common. Launched in late 2016, Harriman Capital forms...
GFP refinances Film Center Building with $75M loan
Debt & Equity

GFP refinances Film Center Building with $75M loan

REW
by REW2841
The Gural familyʼs GFP Real Estate has closed a $75 million refinancing for 630 Ninth Avenue, the recently renovated landmark 14-story property, also known as the Film Center Building. The building has closed over 16,000 s/f in new leases in recent weeks, including a 5,218 s/f lease with theater management...
Westchester County Exec approves financing for Purchase College building
Debt & Equity

Westchester County Exec approves financing for Purchase College building

REW
by REW1114
County Executive Robert P. Astorino has announced that the Westchester Local Development Corporation (LDC) has approved $36.4 million in low-cost financing for Purchase College-SUNY to construct a new residence hall on its campus. The money will be used build a four-story, 80,000 s/f residence hall, consisting of 300 beds with...
Debt & Equity

L+M, Prudential close on $100M plan for Ralph Walker building in Newark

REW
by REW2227
L+M Development Partners and Prudential Financial have secured $100 million in financing to convert the Ralph Walker-designed Bell Building in Newark, NJ, into a mixed use property. Operating as 540 Broad Street Owners LLC, the joint venture anticipates a mixed-income, mixed-used development with 263 residences – 20 percent of those...
Greystone nurses along $54M refinancing for Queens medical facilities
Debt & Equity

Greystone nurses along $54M refinancing for Queens medical facilities

REW
by REW1511
Greystone has provided $54,240,000 in HUD-insured mortgage loans to refinance two skilled nursing facilities in Queens, NY. The separate transactions were originated by Fred Levine, Managing Director in Greystone’s Monsey, NY office. Brookhaven Rehabilitation and Healthcare Center in Far Rockaway, Queens and Cypress Garden Center for Nursing & Rehabilitation in...
Debt & Equity

Tail wags the dog as JLL secures $96M loan for Taconic, Cohen partnership

REW
by REW1265
JLL’s Capital Markets experts announced the firm secured $96 million on behalf of a partnership between Taconic Capital Advisors and Cohen Equities. The financing package, which was provided by Deutsche Bank and Square Mile, will be used for the acquisition and rehabilitation of 801 Market Street, a 695,130 s/f office...
Pistilli Realty lands $158.8M refi for 17-property NYC portfolio
Debt & Equity

Pistilli Realty lands $158.8M refi for 17-property NYC portfolio

REW
by REW2198
Queens-based firm Pistilli Realty has secured a $158.8 million New York Community Bank loan for a 17-property portfolio in Manhattan, Queens, Brooklyn and Long Island, according to city records. The properties in the package include 268-270 West 12th Street and 226-228 West 4th Street in the West Village, 182-186 Franklin...
Lotus Capital puts together $318M capital stack for Boca Raton project
Construction & DesignDebt & Equity

Lotus Capital puts together $318M capital stack for Boca Raton project

REW
by REW1711
New York-based Lotus Capital Partners, an independent real estate investment banking firm, arranged a $318 million capital stack to finance the construction and recapitalization of Via Mizner, a two million-square-foot mixed-use project in downtown Boca Raton. Once complete, Via Mizner will feature an already-built and rapidly stabilizing 366-unit rental apartment...
New retail REIT ShopOne looking to cash in on market dislocation
Debt & EquityRetail

New retail REIT ShopOne looking to cash in on market dislocation

REW
by REW1648
ShopOne Centers REIT Inc. announced the formation and launch of its new platform, a private real estate investment trust (REIT) focused on acquiring, operating and managing grocery-anchored shopping centers. ShopOne is led by retail real estate veteran Michael Carroll, chief executive officer, who will be assembling an executive team. The...