New York

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.

Exclusive: S3 Capital closes $255m loan for New Jersey riverfront development

The funding will be used by Maxal Group to build the first phase of a $1bn mixed-use project in Edgewater, which includes a 25-story, 381-unit luxury apartment tower.

Brookfield closes $300m loan for Manhattan office-to-residential conversion

The funding will be used by Vanbarton Group to acquire and redevelop a Midtown office tower into a 441-unit residential property.

Benefit Street Partners investment trust set to close $1.1bn CRE CLO

FBRT will also finance an approximately $500m pool of assets with a money center bank as part of the deal.