Northeast

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.

Newmark preps UCC foreclosure sale for New Jersey development

The residential property is in Cherry Hill, New Jersey.

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.

Brookfield defaults on $161m office loan as extension options expire 

Brookfield also defaulted on a pair of Los Angeles office properties in February.

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.

M&T digs deeper into multifamily lending ahead of expected office stress

CFO Darren King says charge-offs of most concern on fourth quarter earnings call.

New York lenders brace for potential mezzanine, preferred equity recording tax

The tax could be up to 2.8% for New York City.