US CMBS trading activity rebounded last week with over $800 million out for bid following one of the slowest non-holiday weeks in years, according to Trepp.
2 min read · 14 March 2016
DekaBank has completed the $300 million refinancing of Vornado Realty Trust’s nearly 1 million sq ft One Park Avenue office building in Manhattan.
1 min read · 14 March 2016
AEW Europe has completed a €420 million refinancing of the French assets in its €2 billion pan-European Logistis fund with ING Real Estate Finance.
2 min read · 14 March 2016
CREFC’s High Yield & Distressed Realty Assets Summit in Manhattan was marred by an air of pessimism as signs of a market peak begin to weigh on the minds of the country’s top lenders.
2 min read · 11 March 2016
HSBC Bank has refinanced The Shephard condominium building in Manhattan’s West Village neighborhood with a $65.9 million loan, Real Estate Capital has learned. The Naftali Group partnered with Starwood Capital Group in May of 2014 to purchase the 12-story landmarked building for $68.2 million.
1 min read · 11 March 2016
The Green Lending Fund will be used to subsidise discounted margins offered to borrowers which plan to actively improve the sustainability of their commercial real estate.
2 min read · 11 March 2016
CarVal Investors has funded its purchase of two French retail parks with a €28 million loan provided by Deutsche Pfandbriefbank (pbb).
1 min read · 10 March 2016
Just three weeks into the campaign leading up to the 23 June referendum which will decide whether or not the UK is headed for Brexit, it’s clear that the uncertainty is already affecting UK real estate lending.
3 min read · 10 March 2016
Top non-bank lenders believe they will continue to pull market share away from a stumbling CMBS market and a bank system mired by existing and pending regulations.
3 min read · 10 March 2016
Alpha Plus, the private schools group advised by Delancey, has launched a retail bond with a 5% coupon in the first issue backed by property for more than two and a half years. There has been no new retail bond backed by real estate since July 2013, when Bruntwood Investments, the Manchester-based private property company, raised £50 million.
2 min read · 10 March 2016
