Starwood Provides $80M CMBS Loan for Wells Fargo Place
Unilev and its capital partner Crescent Investment Group have scored an $80 million refinance for Wells Fargo Place, a 37-story office property in St. Paul, Minn., Commercial Observer can first report
Taconic Lends $38M on Long Island City’s Z NYC Hotel
Merchants Hospitality has sealed a $38 million recapitalization for the Z NYC Hotel in Long Island City, Commercial Observer has learned.Taconic Capital Advisors provided the debt in a transaction
AIG Lends $203M on Jersey City Luxury Resi Tower
Ironstate Development and Panepinto Properties have bagged a $202.5 million loan for 90 Columbus, a luxury residential tower in downtown Jersey City, Commercial Observer has learned.AIG provided the
Donohoe averts foreclosure of former Fannie Mae site, offers plan to redevelop it
The Donohoe Cos. struck a deal Wednesday to head off the potential foreclosure of a Tenleytown office building formerly occupied by Fannie Mae, setting the stage for the property’s redevelopment into
Iron Hound arranges $761MM in Financing for The Chetrit Group
Chetrit buys national portfolio of 10K+ rental units
Bistricer Refinances Brooklyn’s 250 Livingston Street After Just Six Months
David Bistricer’s Clipper Equity has pulled in a $125 million refinancing from Citigroup to refinance a mixed-use building in Brooklyn just six months after it last re-upped its debt on the property,
Builder Taps SL Green for Brooklyn Rentals
**SL Green Realty** has agreed to lend $400 million for a luxury apartment project planned in the Greenpoint section of Brooklyn.The REIT will initially originate a $70 million land loan on the wate
Normandy Seals $68M Refinance for L’Enfant Plaza Office Building
Normandy acquired the defaulted CMBS loan on the property in March 2018 and is embarking on an interior and exterior capital improvement plan at the asset
SL Green Lends $204M on Chetrit’s Tribeca Luxury Condo Property
SL Green Realty Corp. has provided a $204 million loan to The Chetrit Group to refinance its luxury condominium property at 49 Chambers Street in Tribeca, sources close to the deal told Commercial Obs
Q&A with Iron Hound Management Company's Christopher Herron
**Q+AChristopher Herron, Managing Director at Iron Hound Management Company****Commercial Observer:** **Which side of Iron Hound’s business is busiest right now—restructuring or debt and equity pla
TPG Real Estate Finance Trust Lends $160M on Thor Equities’ Luxury Mixed-Use Development
Thor Equities has landed a $160 million refinance for Kirby Collection, a 1-million-square-foot luxury mixed-use development in Houston, sources close to the transaction told Commercial Observer.The
Chetrit, Minskoff and Moinian get $375M refi in Garment District
Moinian Group, Chetrit Group and Minskoff Equities scored a $375 million loan to refinance a Garment District office complex.Insurance giant American International Group provided the money to refina
Clipper Realty gets $606M to refinance Brooklyn, Tribeca rental buildings
Clipper Realty has received a 10-year, $246 million loan from New York Community Bank for its debt on Flatbush Gardens, along with a 10-year, $360 million loan from Deutsche Bank for its debt on Tribe
Unilev Scores $90M Financing Package for Wells Fargo Place
Beverly Hills-based Unilev Capital Corp. has received a $90 million debt and preferred equity package for Wells Fargo Place—a 37-story office property in St. Paul, Minn., Commercial Observer can first
Chetrit Group Scores $218M ACORE Refi for Multistate Multifamily Portfolio
ACORE Capital has provided a $217.5 million loan to Joseph Chetrit’s Chetrit Group to refinance Empire Multifamily Portfolio - a portfolio of multifamily properties in Florida, Indiana, Pennsylvania,
Industry City Ups Its Tab to $647M
Financing additional development at the site, Bank of China and SL Green are upsizing their loan for the Industry City complex in Sunset Park, Brooklyn by $244 million to $647 million, according to an
Kushner Companies provides loan for Somerset’s massive Bronx project
The $25M loan is part of the company's "Kushner Credit Opportunity Fund"
Starwood Provides $105M on Meatpacking Restoration Hardware Site
Bobby Cayre‘s Aurora Capital Associates and William Gottlieb Real Estate today closed a $105 million loan backed by its Meatpacking District property 9 Ninth Avenue, sources close to the deal told Com
Iron Hound Negotiates Loan Extension on $195M CMBS Note for Two Trees Dallas Office Plaza
Brooklyn-based Two Trees Management Company snagged a loan extension on a $195 million commercial mortgage-backed securities note backed by J.P. Morgan International Plaza I & II, a 756,851-square-foo
Aurora Capital, Partners Get $120MM Refi at 600 Broadway
Iron Hound, BNY Mellon provide financing for Soho retail buildingBobby Cayre’s Aurora Capital Associates, Alex Adjmi’s A&H Acquisitions and the Chera family’s Crown Acquisitions are refinancing a s