New York

Prime Finance lines up $1.4bn for latest short duration debt strategy

The New York-based manager exceeded its target at final close and is deploying capital toward mid-market real estate financing opportunities.

Blackstone names new CEO of BREIT

Katie Keenan was previously the co-chief investment officer of Blackstone Real Estate Debt Strategies and Blackstone Mortgage Trust.

Exclusive: Affinius, Axonic launch construction lending venture

The partnership is expected to align two firms’ expertise in mid-market construction financing.

SL Green, PGIM complete $1.4bn refinancing for 11 Madison

The partners tapped the CMBS SASB market to refinance maturing debt.

Loans in focus: Slate Property’s East Harlem medical office; Kayne Anderson’s Brooklyn bulk-up; PCCP’s Hoboken groundbreaking

JPMorgan and GoldenTree Asset Management are backing the new construction of a mixed-use medical office in Manhattan’s Carnegie Hill and East Harlem submarkets; Kayne Anderson is funding a planned luxury residential tower in Brooklyn; PCCP is putting up debt for a multifamily development in Hoboken, New Jersey; and more in our round-up of stateside loan deals from the past week.

Kayne Anderson leads $375m Brooklyn construction loan

The $495m financing package includes joint venture equity.

Starwood funds $500m Westchester industrial portfolio financing

The portfolio is located across three industrial parks in the infill markets around the New York metropolitan area.

Apollo originates $785m loan for RXR-backed office acquisition

RXR and Elliot Investment Management are purchasing 590 Madison Avenue for $1.08bn from the State Teachers Retirement System of Ohio.

Times Square CMBS signals bullish market for New York office deals

The city’s class A office market over the years has been boosted by robust refinancing resources and a lack of new supply.

Blackstone’s LePatner killed in NYC shooting

The CEO of the mega-manager’s non-listed REIT and global head of its core-plus real estate business was 43.