Natixis Real Estate Capital has provided a $48.5 million loan to Chetrit Group and JDS Development Group on a 6.2-acre river-front property in Miami, Florida.
New York Community Bank has provided a $70 million acquisition loan to affiliates of Meridian Capital and Galil Management on a 282,920 square foot mixed-use building in New York City’s northernmost borough.
Middle East investors vastly increased the amount of money they investment in US CRE during the last year-and-a-half compared to the previous two years, investing a larger percentage in New York than any other major city outside the Persian Gulf region for the first time in nearly a decade.
New York Community bank has provided a $110 million acquisition loan to Harbor Group International and Azure Partners on the 504-unit Eaves Nanuet multifamily property in the Hudson Valley area north of New York City.
The real estate crowdfunding platform Sharestates has surpassed $1.3 billion in capital commitments after securing up to $500 million each from a private equity fund and a private real estate fund.
Greystone has provided a $45 million bridge loan to Ilan Investments on its acquisition of the 444-unit Tampa Woods Apartments community in Tampa, Florida.
Vornado Realty Trust has completed a $675 million refinancing on the trust’s iconic 3.6 million sq ft Merchandise Mart (MART) retail and office building near downtown Chicago.
Apple Bank for Savings has provided a $50 million financing to Walter & Samuels on an office building at 419 Park Avenue South in Midtown South neighborhood of Manhattan.
Last Wednesday, 31 August, a JetBlue Airways flight left Fort Lauderdale, Florida and landed at an airport east of Havana, Cuba, marking the first US commercial passenger flight to the Caribbean island nation in over five decades.
Goldman Sachs Mortgage Company has provided a $55 million acquisition loan on the 306-room Hilton Irvine/Orange County Airport in southern California. The lender provided the 10-year, fixed-rate loan to Infinity Realty Advisors.