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Justin Slaughter

The Detroit real estate market is finally showing signs of growth as a new type of worker moves in, reports Justin Slaughter.
Resource Real Estate Funding has provided a $31.5 million acquisition loan to the Bascom Group on the 312-unit Trellis Park Crossroads Apartments in North Las Vegas, Nevada.
Wells Fargo is administrative agent on a $1.5 billion construction loan to SL Green Realty on its One Vanderbilt office development, which will become the tallest building in Midtown Manhattan.
Prudential Mortgage Capital Company has provided a $100 million financing to Skyline Developers on its 24-story office building at 1040 Avenue of the Americas in the Garment District of Manhattan.
Pbb Deutsche Pfandbriefbank has provided a €20 million loan to the Département du Finistère in France to finance the renovation of several infrastructure projects including road networks and colleges.
A life insurance company owned by AIG has provided a $50.2 million financing to an affiliate of Edison Properties on a 12-storey office building at 119 West 24th Street in the Chelsea neighborhood of Manhattan.
All nine CMBS classes that Fitch Ratings placed on 'Rating Watch Negative' following wildfires that ravaged the oil town of Fort McMurray in Alberta, Canada have been taken off the agency's watch list.
Wells Fargo has teamed up with an undisclosed life insurance company to provide a $210 million financing to Westwood Financial Corporation on its 10-property retail portfolio across five states.
Lenders and borrowers in the US real estate debt market should embrace historically low interest rates, as they will continue to hover near zero for the foreseeable future. That was the sentiment several real estate finance managers and directors voiced at the IMN Real Estate CFO Forum this week.
JPMorgan Chase is marketing the $900 million JPMCC 2016-NINE Mortgage Trust transaction, secured by a single, 10-year interest-only loan backed by the 50-story 9 West 57th Street trophy office tower in Midtown, Manhattan.

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