$6.55 M. Conduit Loan in Hell’s Kitchen
While some were predicting the death of commercial mortgage-backed securities as early as 2008, at least one conduit loan has recently turned up in hell, of all places-or, at least Hell's Kitchen. The...
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Murray Hill’s $265 M. Chinese Savior
The bank was just weeks away from taking over Murray Hill's prized 1180 Sixth Avenue when a Chinese investor stepped in to save the tower. "We got into a tight situation in that a mezz holder, the...
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‘Largest Note Auction in U.S. History’
Strategically designed to lure the world's biggest real estate leaders-nearly all of whom, it turns out, are flying into Las Vegas later this week for the annual International Council of Shopping...
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$72 M. for Would-Be HuffPo Home
Ever since the Mattel Building at 675 Sixth Avenue lost its namesake toymaker, the upstairs office space has presented a puzzle. The retail space is by now the happy home of Trader Joe's, but the upper...
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The Weakening State of Underwriting
The commercial real estate finance industry has entered 2014 with a renewed sense of confidence. The incautious tone at the first quarter’s outlook conferences belies the industry’s recent history and...
View ArticlePrincipal Lends $34M on North Hollywood Apartments
Principal Life Insurance Company has provided $34 million to refinance a newly-constructed multifamily development, The Ivy at NoHo, with 144 units in Los Angeles’ North Hollywood neighborhood in the...
View ArticleThe Little Office That Could: Meridian’s CA Team Closed Over $1 BN to Date in...
The center of U.S. finance may be New York City, but the West Coast is a hotbed of activity. Seth Grossman, Senior Managing Director of Meridian’s Southern California offices, and his team of five have...
View ArticleDon’t Sleep on FiDi
Greenwich Street in Tribeca. Second Avenue in the East Village. Prince Street in SoHo. These are some of the prominent streets in the neighborhoods that make New York “the city that never sleeps.”...
View ArticleOpportunity Zones Catch the Eye of CRE Investors
Putting together financing for CRE projects, especially in low-income areas, can be a test of ingenuity and determination. The passage of the Tax Cut and Jobs Act in December 2017 gave CRE owners and...
View ArticleC-PACE Financing Sees Massive Growth Nationally
Commercial Property Assessed Clean Energy (C-PACE) financing — a once little-known mechanism for property owners and developers to access low-cost, long-term, fixed-rate financing for new development...
View ArticleCapital Markets Forecast for the Latter Half of 2023
Throughout the first half of 2023, the capital markets landscape continued to face headwinds driven by persistent inflation and rising interest rates. With this economic turbulence top-of-mind for...
View ArticleAmazon Warehouse Portfolio to Land $1.1B Refi
The king of e-commerce delivers again. Los Angeles-based Preylock Real Estate Holdings is set to land a $1.1 billion loan package to refinance a portfolio of Amazon warehouses in 10 states, The Real...
View ArticleAmazon Outdoor Storage Site Secures $20M Refi
Despite the discouraging year for commercial real estate lending, investors can still look to Amazon to deliver a safe bet. The owners of a 7-acre Amazon-leased property with outdoor storage space and...
View ArticleAffinius Capital, Simmons Bank Provide $85M in Financing for Arizona Multifamily
Houston-based developer The Dinerstein Companies and PCCP have secured $85.1 million in financing to construct Atlas Mesa, a 394-unit multifamily community in Mesa, Ariz., Commercial Observer has...
View ArticleBank OZK Provides $220M Construction Loan for FAT Village in Fort Lauderdale
Hines, the global real estate investment manager, and Florida-based Urban Street Development have secured $220 million in construction financing for the first phase of FAT Village, an...
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