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German landesbank Helaba has formally opened a representative office in Stockholm as it aims to capture more business in the Nordic region.

The Loan Market Association (LMA) has published a new recommended form of intercreditor agreement for use in real estate financing deals.

Wells Fargo has provided a $145 million agency financing to the Brodsky Organization on the 430-unit Enclave at the Cathedral apartment building in the Morningside Heights neighborhood of Manhattan.

Office Depot has announced plans to close 300 stores over the next three years, potentially elevating the risk of $956.6 million worth of properties backing CMBS deals.

Natixis Real Estate Capital and Wells Fargo Bank have co-led a $197 million financing for the construction of a mixed-use project in the Williamsburg neighborhood of Brooklyn, each underwriting a $98.5 million portion of the loan.

Bank of America has provided an $89.3 million financing to an affiliate of Teresa Viola, wife of billionaire investor Vincent Viola, on a 152,000 sq ft multifamily property overlooking the Hudson River at the edge of Brooklyn Heights.

Pillar has originated a $172 million fixed-rate, 10-year term credit facility through Fannie Mae for the acquisition of 11 Manufactured Housing Community (MHC) properties.

BayernLB has provided a €72 million loan to a fund managed by Triuva, formerly known as IVG Institutional Funds, to finance the purchase of two office buildings in Germany.

US fund giant Invesco has provided an A$150 million ($113 million; € 101 million) senior secured loan to AMP Capital to finance a high-rise residential project in Australia.

Commercial real estate loan portfolios with an aggregate face value of €21.6 billion were traded across Europe during the first half of 2016, according to new research published by Deloitte.