Perella Weinberg has raised finance from two German banks for development of Frankfurt’s Marieninsel office complex. Pbb Deutsche Pfandbriefbank and Deutsche Hypo will provide €267 million for the development of two buildings totaling 57,000 sq metres in the centre of the city.
2 min read · 15 March 2016
The level of commercial/multifamily mortgage debt outstanding reached $2.83 trillion in Q4 of 2015, a year that saw the largest amount of annual growth since the series began in 2007, according to the Mortgage Bankers Association (MBA).
2 min read · 15 March 2016
Quadrant Real Estate Advisors’ head of operations in Australia and one of its founding members, Michael Wood, has resigned.
2 min read · 15 March 2016
€1.9 billion of new lending in 2015 brings its book to €4 billion
2 min read · 15 March 2016
At MIPIM in Cannes this morning Cushman & Wakefield predicted that global trading volumes will rise 4 percent this year, adding that this base case “could easily be bettered if current global volatility levels stabilise or decline.”
3 min read · 15 March 2016
Citizens Bank and Santander have provided a $77 million acquisition loan on the North American headquarters of the Saint-Gobain Corporation in the Philadelphia area.
1 min read · 14 March 2016
Goldman Sachs and Bank of China have provided a $795 million refinancing on the Fountainebleau Miami Beach hotel in Miami, Florida. The banks each provided $397.5 million on the 1,179,177 sq ft resort to the property’s owner Turnberry Associates, according to Miami-Dade records. The new mortgage refinanced an existing $535 million loan and provided an additional $260 million in funding. The previous […]
1 min read · 14 March 2016
NAMA will redeem another €2.5 billion of senior bonds this week, bringing to €24.6 billion the amount of senior debt the bad bank has repaid.
2 min read · 14 March 2016
Helaba has made a new appointment in its origination team in the German bank’s Paris office. Anne Sophie Chaffard started this week as a senior director of real estate, reporting to the branch head, Renaud Jezequel.
1 min read · 14 March 2016
Blackstone Group has reportedly agreed to sell Strategic Hotels & Resorts to China’s Anbang Insurance Group for $6.5 billion.
1 min read · 14 March 2016
