Deutsche Bank, M&T Bank and Blackstone Real Estate Debt Strategies reportedly provided a five-year loan with extension options to Fisher Brothers, Witkoff Group and Vector Group on the $820m building rising at 111 Murray Street, aptly named 111 Murray.
Jefferies Loancore has originated $114m in loans to a joint venture between New York-based firms Princeton Holdings and The Bluestone Group for the refinancing of three office properties, two in California and one in Texas that are mostly leased to the Government Services Administration
Deutsche Asset & Wealth Management (Deutsche AWM) has increased its real estate senior debt fund to €750m after raising €250m.
It has allocated €400m to acquire German debt assets and €350m to opportunities in France, Italy, Spain and the United Kingdom.
Quadrant Real Estate Advisors is seeking to raise $700m for its Quadrant Enhanced Debt Fund, a core commercial real estate debt investment vehicle that will securitize loans through the commercial mortgage-backed securities (CMBS) market, Real Estate Capital has learned.
CNM Estates has appointed Natale Giostra its head of treasury and capital markets.
The move sees Giostra, the former head of real estate financing at Gatehouse Bank, switch sides to become a borrower responsible for raising capital for CNM Estates’ projects.
Reflecting the growth of online real estate crowdfunding, two former Colony Mortgage Capital employees have joined RealtyMogul.com.
M&G Investments has provided a £22m, 35-year facility to Staffordshire Housing Association.
The loan will be used to refinance the housing association’s existing debt as well as develop 200 new social housing homes in the Staffordshire region of the West Midlands.
Real Estate Capital’s US-based website editor, Al Barbarino, has won Gold at the National Association of Real Estate Editors’ 65th Annual Real Estate Journalism Awards.
Commerzbank plans to sell another €6.5bn of commercial real estate debt by the end of next year after reducing its loan book by 17% this week.
The German bank will begin further reductions next year to its current €14.5bn commercial property loan book and expects to have it down to about €8bn by the end of 2016.
Indian developer Sobha Group and investment manager RootCorp have launched a new fund targeting real estate assets, development debt and project equity in India.
The India Debt and Yield Opportunities Fund is aiming to raise $300m and will target a return of 20%.