Construction

Cusp closings: The largest loan actions closing out 2022, kicking off 2023

JPMorgan, Truist, UBS remain active on originations during winter holiday season.

Newmark arranges $535.8m acquisition loan for New York residential conversion

GFP Real Estate, Metro Loft Management and Rockwood Capital are set to buy the 22-story, 1.1 million-square-foot office at 25 Water Street.

Square Mile, Bank OZK originate a $202m construction loan for life science development

The financing is one of the final deals of 2022 for Square Mile, a New York-based investment manager.

Lendlease, Aware Super secure $360m construction financing

A four-bank syndicate arranged the loan for an 834-unit Brooklyn development.

Square Mile originates $185m to refinance Moinian’s Miami multifamily asset

Loan will pay off construction debt on a Class A building inside Miami Worldcenter.

3650 REIT originates $76.5m Florida multifamily construction loan 

The financing was arranged on behalf of Royal Palm Companies, with a loan term of 36 months.

Will the Inland Empire keep going strong?

Economic volatility is boding well for the strongest stateside industrial corridor in and beyond Southern California.

PNC, Goldman Sachs, Basis fund $317m financing package for New Jersey development

The financing will be used to launch development of a transit-oriented project in East Orange.

Real Estate Capital USA Awards 2022: Submit your nomination today

Nominations close on December 12 at midnight for Real Estate Capital USA’s second annual awards.

Borrower profile: Jones Street eyes loan assumptions as lending market stalls 

Despite the slowdown in the lending market, the firm this month obtained a $36m loan for a Maine multifamily development.