“We made an investment just a few months ago before Brexit happened. I was pretty nervous. No one knows what Brexit means; there is no detailed agenda and a lot of uncertainties. But when we were underwriting the risks, we still believed London will remain a metropolitan and important city. The fundamentals will not change overnight,” said Stanley Ching, head of Real Estate Group at CITIC Capital Holdings.
3 min read · 12 September 2016
Pbb Deutsche Pfandbriefbank (pbb) and Deutsche Hypo have provided a joint financing of the W Hotel in Amsterdam, which opened its doors last October.
2 min read · 12 September 2016
Flooding that devastated south Louisiana has put more than $1 billion in CMBS at elevated risk, according to Morningstar.
2 min read · 09 September 2016
Gary Barnett’s Extell Development has secured up to $750 million in construction financing for the development of One Manhattan Square in Manhattan’s Lower East Side neighborhood.
2 min read · 08 September 2016
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.
1 min read · 08 September 2016
New York Life Real Estate Investors has provided $59 million in first mortgage debt to refinance Pearl City Gateway, a 146,205 sq ft shopping center near Honolulu, Hawaii.
2 min read · 08 September 2016
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.
2 min read · 08 September 2016
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.
1 min read · 07 September 2016
The percentage of CMBS loans paid off on their balloon dates increased for the first time in four months in August, but the increase could just be a “blip” and the rate could “sag further” in the coming months, according to Trepp.
2 min read · 07 September 2016
Pbb Deutsche Pfandbriefbank (pbb) has provided two senior loans totalling €36 million to finance the acquisition of a portfolio of French warehouses.
1 min read · 07 September 2016
