New York

Brookfield faces complex path on New York Times-backed CMBS loan

The capital structure of the Brookfield deal complicates the loan’s resolution.

TPG closes $285m bridge loan for Brooklyn multifamily property

The funding will be used by an affiliate of Madison Realty Capital to refinance the 473-unit Greenpoint Central in the asset’s namesake submarket.

Goldman Sachs funds $200m Jersey City construction loan 

The credit facility, provided by the firm’s Urban Investment Group, is comprised of agency, construction and bridge loans.

Blackstone’s McCarthy Baldwin to depart at year-end

The global co-head of real estate is leaving after a 15-year tenure, placing Nadeem Meghji into sole leadership of the manager’s real estate portfolio.

X-Caliber sharpens multifamily bridge lending program

The alternative lender is updating its bridge program to tap into more mid-market opportunities for stabilized and near-stabilized assets.

CMBS can illuminate dark spots hidden beneath the veneer of retail’s renaissance

Class A bond holders in New York’s Palisades Center have taken a 30% loss in a rare case in the CMBS SASB market.

Madison Realty funds $180m loan for SoHo hotel acquisition

The loan will also be used to renovate and rebrand the property amid a global hotel brand’s relaunch.

CounterpointeSRE closes $156m C-PACE deal for Brooklyn studio development

The funding will be used alongside $148m in financing from Farallon Capital Management to build a pair of film production assets.