Commercial Observer Top Young Professionals - 2023
Anthony D'Amelio - Iron Hound Management Company
Iron Hound Carves Niche in Navigating Lengthy CMBS Workout Process
Delinquencies for commercial mortgage-backed securities (CMBS) loans are on the rise this year amid the higher interest rate environment. But, as choppy market conditions show no sign of abating, exec
CMBS Loan on Philly Class B Office Property Seals 30-Month Extension
If you’re an owner of a Class B office with a pending loan maturity, chances are you’re not sleeping amazingly well right now.But, here’s some positive news to start off your week.The $38 millio
Owner of FEMA HQ Extends $130M CMBS Loan
The Donohoe Companies has extended a $130 million commercial mortgage-backed securities (CMBS) loan on a two-block office complex that’s home to the Federal Emergency Management Agency (FEMA) in Washi
Sonida Senior Living Strengthens Financial Position and Enhances Leadership Team to Position Company for Sustainable Growth
Completes initial phase of debt restructuring covering 49 assets financed by Fannie Mae and Ally Bank
Workspace Property Trust Successfully Modifies and Extends $1.3 Billion CMBS Facility
BOCA RATON, Fla.--(BUSINESS WIRE)--Workspace Property Trust (Workspace), the preeminent US suburban commercial office property owner and partner for the Fortune 1000, announced today that it successfu
Thorofare Capital Provides $36M Acquisition Loan for LI Industrial Complex
New owners Thor Equities and Reinsurance Group of the Americas plan to renovate the property
DuMont Building secures loan extension after default; owner invests ‘significant’ new equity
The DuMont Building has closed on a three-year loan extension and secured new leases two months after defaulting, its owner said today.“GFP Real Estate has committed significant new equity for futur
Starwood Capital Gets 16-Month Term Extension for Big Hotel Loan
Iron Hound Management Company advised Starwood Capital Group in the successfull negotiation of a 16-month term extension for what had been an $800 million loan against a portfolio of 138 limited-servi
The 50 Most Important Figures of Commercial Real Estate Finance
**#26Iron Hound Management Company, LLCRob Verrone, Principal Owner and Christopher Herron, Managing Director**Retail rescues have been few and far between in recent years, which is why **Iron Hou
Hudson’s Bay Company Successfully Restructures $846M CMBS Retail Loan
From litigation to negotiation, a resolution was finally reached 18 months after COVID hit
Jacob Chetrit refis 850 Third Ave to the tune of $320M
Financing helps avoid foreclosure, bring in new tenant at half-empty office complex
Chetrit scores $63M construction loan for long-planned Collins Park hotel in Miami Beach
The Chetrit Group scored a financing lifeline for its long-planned Collins Park hotel redevelopment, The Real Deal has learned.New York-based Chetrit landed a $62.5 million construction loan for the
Axos Bank Provides $16M Refi for Kushner Companies’ SoHo Retail and Office Condo
Kushner Companies has nabbed a $16 million loan for the refinance of Manhattan mixed-use development, Commercial Observer has learned.Axos Bank provided the financing for the property, at 285 Lafaye
Urban Edge REIT Nabs Modification of $129M Retail Loan Tied to Puerto Rico Mall
Urban Edge Properties, a publicly-traded real estate investment trust (REIT) focused on retail assets, has secured a modification and extension of the commercial mortgage-backed securities (CMBS) loan
Here are the most active players in the loan workouts space
Loan modifiers are seeing big gains as property owners scramble to restructure their debts
Why Phones Have Been Ringing Off the Hook for Special Servicers
To be in special servicing is to live in an upside-down world. When times are good, it’s a bad sign for business. When times are bad, you’re likely riding high.Little surprise then that it’s been bo
Adam Neumann, Jeff Dagowitz Land $75M Bridge Loan for Chelsea Development Site
A partnership between Jeffrey Dagowitz’s JHG Holdings and former We Company CEO Adam Neumann has nabbed a $75 million refinance for its development site at 123 West 23rd Street, sources familiar with
Industry City gets $720M refinancing
The developers of Industry City scored a $720 million refinancing package.Blackstone led the debt package, along with Bank of China, Deutsche Bank and SL Green Realty Corp., Commercial Observer repo