RXR, in partnership with One Investment Management, has closed on more financing for the $500-million-plus office-to-residential conversion of 61 Broadway, an office building in Manhattan’s Financial District, into a 796-unit residential tower. Construction... Read more »
North Bridge ESG LLC, a leading provider of real estate credit solutions, closed on $8.5 million in C-PACEfinancing to support infrastructure upgrades at Herald Towers, a three-tower apartment complex located at 50... Read more »
JLL Capital Markets arranged $33.8 million in first lien construction financing for 10400 Amargosa Rd., a to-be-built, Class A industrial facility in Hesperia. The Covington Group will develop the project on behalf of owner/user... Read more »
JLL Capital Markets secured a $296-million financing for a 13-property, 1,880-unit multifamily portfolio across New Jersey. Senior managing directors Michael Klein and Thomas E. Didio, Jr., associate Michael Mataras and senior analyst Joseph Gruber represented the borrower to... Read more »
Newmark has arranged $64 million in permanent financing for Elle, a newly reimagined high-rise residential development located in Washington, D.C.’s Golden Triangle. Newmark Vice Chairman Brian Kochan, Director John Chobanian and Associate... Read more »
CBRE has arranged the sale and acquisition financing for a 255,501-square-foot industrial portfolio featuring two properties in Maple Grove, Minnesota. Enclave purchased the portfolio from Artis REIT for $25.5 million. CBRE’s Judd... Read more »
Marcus & Millichap Capital Corporation (MMCC) arranged $6,585,000 in financing for Kona Palms Apartments, a 37-unit multifamily property located at 14119 Mulberry St. in Whittier. Michael Derk, executive managing director in MMCC’s Nashville office,... Read more »
The Hudson Companies has closed on $66 million in construction financing for a new Class A multifamily development located at 70 Abendroth Ave. (a/k/a 27-45 N. Main St.) in the Westchester County community... Read more »
Today’s average 30-year fixed mortgage rate, as of January 3rd, is 6.01%, virtually unchanged from last week, according to the latest data compiled by Zillow. This pause at the start of the... Read more »
Amidi Real Estate Group has secured $125 million in financing for a newly built residential building in downtown Glendale. Oaktree Capital Management provided the financing for the 228-unit TenTen Campus at 414... Read more »