New York

Steinbridge creates debt capital markets, capital raising role ahead of $1.3bn pipeline push 

The firm has hired Jay Dunn from RFR Realty to head up capital raising and debt capital markets as it looks to execute on a heavy multifamily and residential pipeline.

S3 Capital plots more New York housing deals despite affordable tax incentive lapse 

The lack of the 421a abatement in New York City is not stopping the Spruce Capital lending arm from pursuing more creative redevelopment opportunities.

Madison Realty originates $133m loan for Hudson Yards hotel development 

Marx Development Group is building the 51-story, 379-key tower.

Slate originates $60m bridge loan to complete Queens condo project

The New York-based manager is expected to close $300m in loans over the next 30 days as debt funding gaps and needs persist.

Goldman funds $395m refinancing for New York’s 70 Pine Street

The New York City property was converted from an office building into a multi-use asset.

NYCB stress spurs moves to resolve bank lending portfolios

Private credit lenders and other alternative sources of capital are already stepping in to work with national and regional banks to restructure loans.

280 Park Avenue loan hits special servicing 

SL Green Realty Corp and Vornado Realty Trust will have to contribute substantial equity to extend the loan, per servicer remittance reports.

Inside Ares and RXR’s New York office joint venture 

The Ares-RXR venture comes at a time when transaction activity in the city has started to tick upward and capital is starting to move.

Clarion hires Karlekar to head global research and strategy

Indraneel Karlekar returns to the New York manager, where he previously headed research during his days with affiliate ING.

SL Green to launch $1bn New York-focused office debt fund

The local investor has been a long-time debt investor alongside its equity portfolio.