multifamily

The firm has hired Jay Dunn from RFR Realty to head up capital raising and debt capital markets as it looks to execute on a heavy multifamily and residential pipeline.  

The lack of the 421a abatement in New York City is not stopping the Spruce Capital lending arm from pursuing more creative redevelopment opportunities. 

The New York-based manager will make investments in disrupted commercial real estate capital stacks.

The commercial real estate market is operating against a backdrop in which higher interest rates have caused widespread declines in real estate values – and higher loan-to-value ratios.

The New York-based manager is expected to close $300m in loans over the next 30 days as debt funding gaps and needs persist.

Florida-based manager looks to elevate $750 million fund to capitalize on private lending opportunities.

The Toronto-based manager is looking at the city on a long-term basis.

The Boston-based manager sees opportunities to move up in the quality spectrum in terms of both assets and partners.

Michael Boxer, a managing director, says operators are coming to grips with higher rates and are more willing to transact.

Mixed-use properties and public-private partnerships are also new structures that market participants are eyeing.