Manhattan Condo Tower Lands $54M Refinancing Package
Derby Copeland Capital provided a $54M refinancing on 660 Lexington Avenue, brokered by Meridian Capital Group for borrowers Rybak Development and BK Developers.
Sam Losek
New York
Commercial real estate news and analysis for the New York market.
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CMBS Debt Yields Climb to 10.3% as Negative Leverage Grips Four Major Property Sectors
CRED iQ analysis of 3,700 CMBS loans finds debt yields at a 10.3% weighted average as negative leverage persists in multifamily, industrial, retail, and self-storage.
Sam Losek
Geopolitical Tensions and Energy Threats Cast Shadow Over Commercial Real Estate Markets
Geopolitical tensions involving the U.S., Israel, and Iran are adding fresh uncertainty to CRE markets, threatening energy costs and interest rate outlooks.
Sam Losek
Jonathan Rose Companies Expands NYC Affordable Housing Portfolio with $53M Inwood Acquisition
Jonathan Rose Companies acquired the 126-unit Caroline Apartments in Manhattan's Inwood for $53M, the eighth deal for its Affordable Housing Preservation Fund VI.
Sam Losek
Alexander Brothers, Luxury Real Estate Brokers to the Stars, Convicted of Sex Trafficking
Tal, Oren, and Alon Alexander — luxury real estate brokers to celebrities and billionaires — were convicted on all 10 sex trafficking counts in Manhattan federal court.
Sam Losek
Epic Insurance Upsizes Midtown Footprint at 1140 Avenue of the Americas
Epic Insurance expands to roughly 25,500 sq ft at 1140 Avenue of the Americas, owned by American Strategic Investment Company, in Midtown Manhattan.
Sam Losek
Brookfield Secures $800M Refinancing for 225 Liberty Street, Injects $172.5M in Fresh Equity
Brookfield Properties closed an $800M CMBS refinancing of its 44-story, 2.4M SF tower at Brookfield Place, injecting $172.5M in equity to retire a maturing $900M loan.
Sam Losek