Finance
Hudson Realty and Partners Nab $139M FDIC Colorado Loan Portfolio
Hudson, Soundview and JCR acquired 97 loans on commercial and residential assets from a FDIC structured sale, collateralized by $139 million of properties across Colorado.
Meridian Capital Obtains $85M in Financing for Hotel Chelsea
The Hotel Chelsea gets a new owner and a new plan for a makeover with an $85 million financing package orchestrated by Meridian Capital Group L.L.C. on behalf of the Chetrit Group and Clipper Equities.
Economy Watch: Wall Street Tanks, but Hiring Improves (a Bit) in July
This morning’s jobs number showed a slight improvement, while commodities have followed stocks into negative territory. Commercial real estate prices aren’t rising–but at least they aren’t falling.
Pebblebrook, Denihan Complete JV on $910M NYC Hotel Portfolio
Pebblebrook Hotel Trust and Denihan Hospitality Group have wrapped up a joint venture that recapitalized a portfolio of six Denihan-owned hotels in Midtown valued at $910 million.
Hines, New York Retirement Fund Create $1B Office JV
Hines and the New York State Common Retirement Fund have formed a joint venture, Hines Corporate Properties II, that has been capitalized with $500 million of equity and will allow for the investment of more than $1 billion.
Westfield to Invest $612.5M in New WTC Retail Joint Venture
The World Trade Center redevelopment has taken a big step forward, with the Westfield Group entering into a JV with the Port Authority for $612.5 million.
USAA, RXR, Broadway Partners JV for 750 KSF NYC Recap
The U.S. Republic Core Fund, an affiliate of USAA Real Estate Co., along with RXR Realty and Broadway Partners, announced the recapitalization of 340 Madison Ave.
Ratings Issue Brings Goldman Sachs, Citigroup $1.5B CMBS Sale to an End
Goldman and Citigroup announced earlier this week the cancellation of the transaction involving nearly $1.5 billion in commercial mortgage pass-through certificates.
Cushman & Wakefield Wraps Up $500M Financing Deal
Cushman & Wakefield, currently investigating growth opportunities, is taking advantage on the capital markets’ warmer perception of certain real estate companies.
Cassidy Turley Orchestrates $54.4M Financing Deal for UFT Headquarters
Cassidy Turley went to bat for the United Federation of Teachers and hit a home run with the arrangement of $54.4 million of financing for the union’s headquarters at 50 Broadway in Manhattan.