New York

JLL tracks steep drop in New York office valuations 

The advisory also tracked a substantial number of office buildings where the debt is higher than current valuations.

M&T Bank-led consortium funds $425m loan for Long Island City residential tower

Greystone-arranged financing will help build submarket’s tallest multifamily asset.

Cain strikes deal to acquire $1.2bn New York-area loan portfolio from PacWest

The sale comes after PacWest sold another substantial portfolio to Kennedy Wilson earlier this month.

Douglaston taps Wells Fargo, Ares for $287m Brooklyn construction loan

Greystone arranged the financing package for 1057 Atlantic Avenue.

RFR to contribute new equity for $1bn Seagram Building extension

The New York-based manager received a one-year extension, with an additional 12-month extension option.

JPMorgan set to buy First Republic, assume CRE assets and loan book

The Federal Deposit Investment Corp seized the bank and sold control of it to JPMorgan on May 1.

JLL arranges $290m New Jersey retail center refinancing 

New York Life Insurance Company and MetLife Investment Management funded the loan.

Slate Property Group rolls with volatile market via multifamily lending, investment focus

The firm sees value in serving the core demands of communities.

BGO senior executive leaves for Mavik

The industry veteran is joining the New York-based credit shop as it closes its first institutional private fund.

RXR’s Rechler flags concerns on commercial real estate credit risks

REIT chief executive predicts more distress, refinancing creativity and preferred equity use.