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A spate of assaults, robberies and other crimes that have raised safety concerns for residents living at the complex, near the neighboring Western Michigan University, contributing to a large appraisal reduction for the 256-unit multifamily property that is used in part for student housing.

pbb Deutsche Pfandbriefbank has provided a €138m loan to CBRE Global Investment Partners to buy a pan-European portfolio of logistics assets. The five-year facility reflects a loan-to-value of about 40% on the €350m purchase price. CBRE GIP acquired the assets from existing clients of TH Real Estate.

Widening spreads in the European CMBS market are due to an oversupply of product and a lack of buying by the European Central Bank (ECB), an audience in London was told. The last three CMBS deals have been disappointing for the issuing banks, Bank of America Merrill Lynch with €145.8m Taurus 2015-3 EU DAC, and Goldman Sachs

JP Morgan has provide a $177m construction loan for Samuels & Associates’ Pierce Boston, a 30-story, 420,000 sq ft mixed-use tower being developed in the Fenway neighborhood of Boston, Massachusetts.

Legal & General Property is expanding the debt facilities for two of its existing funds and looking for debt for a third vehicle, to raise £260m for further acquisitions, asset management and to cut borrowing costs, Real Estate Capital can reveal.

Retail specialist Atrium European Real Estate has signed a €125m five-year unsecured revolving credit facility with a club of three banks. ING Bank, Citibank and HSBC have provided the facility, which comprises of €100m of new credit and the extension of an existing €25m of facility.

TIAA-CREF has provided Kemper Development Company with $220m to refinance the Eddie Bauer Building in Bellevue, Washington.

M&T has provided Extell Development with a $113m loan for the redevelopment of a swath of properties located just west of Times Square on 47th street in Manhattan, Real Estate Capital has learned based on city property records.

Pricoa Mortgage Capital has provided a £181.5m, 10-year refinancing loan to China Life and the Qatar Investment Authority for their 99 Bishopsgate tower in London.

Brookland Partners has launched a mezzanine and whole loan lending platform with support from shareholder, Omni Partners. The investment bank has established a new mezzanine and whole loan debt unit, European Real Estate Capital (E-REC), and has executed its first deal with seed capital from Omni, which owns a 40% stake in Brookland.