Northeast

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.

Savanna’s Bryant Park refi shows why loan extensions can be worth it

The manager exercised five one-year extension options on 5 Bryant Park before securing a new loan for the office from King Street and Blue Owl. But it is not alone in extending that many times.

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.

Mamdani win underscores need for affordable, middle-income housing

Commercial real estate private credit managers believe lower rates and declining construction costs will pave the way for housing development.

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.

Exclusive: Madison Realty Capital funds $654m New Jersey industrial refinancing

Madison Realty is confident in the long-term prospects for the industrial sector.

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.