Webster Bank Lends $50M on Hudson Valley Multifamily Build
Farrell Companies has secured $50 million in construction financing for its planned new multifamily development in New York’s Hudson Valley, Commercial Observer can first report. Webster Bank supplied...
View ArticleAccess to CRE Industry Requires Access to Capital, Transparency: CO Forum
Diversity, equity and inclusion (DEI) is on the mind — and the sites — of real estate developers. During Commercial Observer’s National Diversity & Inclusion Forum, “Creating Access Through...
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The Nation’s Top Financiers Say ‘Hang on to Your Hats’ at CO’s Fall Finance...
Even on a day that delivered positive inflation news, lenders and brokers were bracing for choppy waters ahead at Commercial Observer’s seventh annual Fall Financing CRE Forum in New York last week....
View ArticleNorthmarq Adds Walker & Dunlop Investment Team in DC Office
Northmarq, a capital markets resource for commercial real estate investors, has added real estate vets Christopher Doerr, William Harvey and Shack Stanwick to its Washington, D.C., office, to focus on...
View ArticleCamber Property Group Acquires Two Bronx Affordable Housing Properties for $56M
Camber Property Group has expanded its affordable housing portfolio with the addition of two properties in the Bronx, Commercial Observer can first report. The firm — focused on both ground-up...
View ArticleNorthmarq Expands South Florida Reach With West Palm Beach Office
Northmarq is expanding its commercial real estate finance presence in South Florida with a new office focused on its debt and equity business in West Palm Beach. The CRE investment firm has hired David...
View ArticleLong Island City Residential Tower Gets $131M Construction Loan
In spite of all the headwinds for construction financing in New York City, one Long Island City developer has nailed down a $131 million construction loan for a new residential high-rise at 23-10 42nd...
View ArticleWalker & Dunlop Announces First Women-Led Lending Team
Walker & Dunlop promoted Alison Williams to lead its small-balance lending business, creating the company’s first lending team led entirely by women. Williams will head up the small-balance team,...
View ArticlePIMCO Provides $94M Construction Loan on Queens Logistics Project
Wildflower has secured $94 million of construction financing for its planned industrial development adjacent to The New York Times printing facility in College Point, Queens. PIMCO supplied the...
View ArticleWalker & Dunlop Cuts 110 Employees, Blaming Economic Uncertainty
Walker & Dunlop laid off 110 employees this week, or about 8 percent of its staff, according to a Securities and Exchange Commission (SEC) filing Monday. In a memo to staff on Monday, CEO Willy...
View ArticleSpring Finance Forum: Tremors to Be Felt ‘In Every Asset Class’
Nearly a year to the day after commercial real estate financiers saw the first signs of troubled waters ahead, lenders and brokers yearned for market stability at Commercial Observer’s seventh annual...
View ArticleMiami Beach’s Soho Beach House Refis With $140M
Soho Beach House’s parent company nabbed $140 million to refinance its Miami Beach oceanfront hotel and private member’s club, according to Walker & Dunlop (W&D), which arranged the debt on the...
View ArticleArlington’s Park Shirlington Apartments Being Converted to Affordable Housing
Standard Communities has received $46.6 million in federal housing loans to transform Park Shirlington, a 294-unit apartment building in Arlington, Va., into affordable housing. Walker & Dunlop...
View ArticleWildflower, Barings Land $72M Construction Loan for Long Island Industrial...
Finally, some good news! A brand-new industrial development in Yaphank, N.Y., is officially ready to rise, having locked down $72 million in construction financing— choppy debt markets be damned. Bank...
View ArticleLegion Buys Empty Development Chelsea Site for $87M
Victor Sigoura and his development firm Legion Investment Group are the proud new owners of an empty lot in Chelsea, at a relative discount after previous plans for the site fell through. Legion...
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