Finance
Servicing, Defaults Dominate CREFC Discussion
The rapid increase in interest rates has left the commercial mortgage market to deal with fallout, said panelists at the CRE Finance Council’s Annual Conference in New York City.
MDH Partners Lands $90M Loan for Industrial Acquisitions
Situated in two key markets, the properties total 1.6 million square feet.
Tishman Speyer Lands $750M for Boston Project
Led by Otera Capital, the construction financing is reportedly the largest so far this year.
KPG Funds Secures $50M for Manhattan Office Building
Sabal Investment Holdings and GDS Brightstar provided the financing.
Sonnenblick-Eichner Lines Up $27M for Santa Monica Retail Project
The development is taking shape in a pedestrian-only area.
McCormack Obtains Refi for DFW Industrial Asset
Protective Life Insurance Co. provided $20.5 million for the 334,750-square-foot building.
Fed Pauses on Raising Interest Rates, For Now
More increases could be ahead later this year, according to the central bank.
Birtcher Lands $49M for Inland Empire Development
The industrial project is set to come online in the first quarter of 2024.
PGIM JV Obtains $180M Loan for New Jersey Project
This suburban Philadelphia logistics facility is scheduled for delivery in the fourth quarter.
Innovo Property Group Lands $354M for Queens Industrial Project
Goldman Sachs provided part of the equity financing.