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Moinian Group, Bushburg chart a new 14-story mixed-use asset in Brooklyn.
With its HUD business bulked, the New York manager eyes more transitional multifamily amid inflation, interest rate and cost pressures.
Four senior executive hires mark new strategy emphasis across real estate sectors.
The firm’s quarterly momentum index also shows CLO issuance was up $6.3bn in Q1 2022 compared with the same period last year.
The four-tranche, five-year financing is split into two components, and each was designed to address a specific part of the development.
A three-bank consortium of Investors Bank, Oceans First Bank and Provident Bank provided the loan.
The Los Angeles lender also just closed an $85m Minneapolis deal.
Washington manager aims for majority mezz, preferred equity plays in SMILE markets.
The Newark firm is on watch for signs of a momentum slowdown in burgeoning sectors.
Rising rates and risk deepen the firm's multifamily focus, and make it more cautious on the office sector.