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Nominations close on December 12 at midnight for Real Estate Capital USA’s second annual awards.
Barings is providing $75m in mezzanine financing for the development of 470 Kent Street.
Newmark arranged the deal for Tribeca Investment Group, PGIM Real Estate and Meadow Partners.
The Houston-based firm recently refinanced debt on a $50m multifamily project.
Fannie, Freddie volume caps reduced from $78bn to $75bn.
The move marks PGIM’s largest transaction of the year.
Ackman-Ziff arranged the loan on behalf of reAlpha, a specialist in the growing multifamily niche.
The financing demonstrates a belief in the return of business travel as the US emerges from the covid-19 pandemic.
Higher interest rates are making it more difficult for sponsors to exit properties and refinance debt.
The New York-based mega manager expects deployment activity to become muted but more creative dealmaking to emerge in the near term.