OakNorth Bank, which funded roughly $14 billion of loans against commercial properties in the US last year, is gearing up to more than double that volume in 2026 The online bank, based in the United Kingdom, has only been lending in the US since...
Dwight Capital, among the leading lenders under the US Department of Housing and Urban Development’s multifamily and healthcare lending programs, has purchased Midland States Bank’s HUD seniors housing servicing portfolio The...
Commercial Observer Just months after signing a lease at 1285 Ave of the Americas in Midtown Manhattan, Latham & Watkins has expanded its office footprint by 131,354 sf, to 251,354 sf The law firm signed for 120,000 sf last July The 18...
Commercial Observer The venture of RXR Realty and One Investment Management that owns 61 Broadway in Lower Manhattan has lined up $475 million of capital to fund the 786,985-square-foot office building’s conversion into 796 apartments Apollo...
Rentvcom Warren Resort Hotels has paid $225 million, or $424,528/room, for the Franciscan Inn & Suites, a 53-room hotel in Santa Barbara, Calif The Santa Maria, Calif, company acquired the property, at 109 Bath St, from Ed St George, a local...
JLL Capital Markets has arranged $40 million of financing against the 238-unit Griffis Belleview Station apartment property in Denver The seven-year loan, with a fixed coupon was provided by a life-insurance company that couldn’t immediately...
Northmarq has originated $2273 million of Fannie Mae financing against the 49-unit One West Drive apartment property in the Minneapolis suburb of Excelsior, Minn The fixed-rate loan allowed the property’s developer, a venture of Monarch...
Commercial Real Estate Direct Staff Report Macerich Co has negotiated a four-term term extension of the $200 million mortgage against its South Plains Mall in Lubbock, Texas, taking its maturity to November 2029 The Santa Monica, Calif, REIT...
Commercial Real Estate Direct Staff Report David Werner Real Estate Investments, which three years ago purchased the Arcola Corporate Campus, comprised of 14 laboratory and research and development buildings with 185 million square feet from Pfizer...
Commercial Real Estate Direct Staff Report Five apartment buildings with 291 units in the Kingsbridge section of the Bronx, NY, owned by landlord Barry Singer and that back a $39 million CMBS loan have accumulated 1,130 violations of the New York...
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