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Taconic provided a mezzanine loan on the class A property.
Illustration of a business man on a tightrope made up of graph lines. He is carrying an umbrella, and there are storm clouds ahead
Berkadia has tracked an interest in investors willing to view and have conversations on potential deals.
Women represent a substantial percentage of private real estate professionals, but men have a monopoly on the role of the entrepreneur.
Manager will pay a total of $2.07bn for asset-backed loans, and a portion of its unfunded commitments.
Rackind: expected to depart within one month
Global real estate boss Robert Rackind will be departing the Swiss bank within a month following its merger with UBS.
Greystone-arranged financing will help build submarket’s tallest multifamily asset.
Commercial real estate sponsors and lenders are looking at the language around transitioning derivatives contracts tied to the benchmark.
A rendering of the mixed-use asset planned to be built by Tishman Speyer in Washington, DC
Washington, DC, shopping mall will be redeveloped into mixed-use asset with 320 apartment units.
A key driver of activity in the multifamily sector is support from Fannie Mae and Freddie Mac for stabilized and pre-stabilized assets.
The sector is being hit by rising interest rates and other trends also affecting the broader commercial real estate debt markets.
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