Posted on 6/29/20
Rockport Mortgage Announces $19.9M in Financing for Bedford Towers in New Bedford
Refinancing extends affordability of the property through 2053(Photo courtesy of Peabody Properties)Rockport Mortgage Corporation recently announced the closing of a nearly $20 million FHA Section 223(f) . . .
Posted on 6/29/20
Postal Realty Trust Provides Update on Second Quarter Financing Activity
CEDARHURST, N.Y.--(BUSINESS WIRE)--Postal Realty Trust, Inc. (NYSE: PSTL), an internally managed real estate investment trust that owns properties leased to the United States Postal Service, announced . . .
Posted on 6/29/20
3650 REIT Originates $31M Loan to Acquire Memphis-Area Self-Storage Portfolio
MIAMI--(BUSINESS WIRE)--3650 REIT, a nationwide commercial real estate lender originating and servicing portfolio loans for relationship borrowers, is pleased to announce it has originated a $31 . . .
Posted on 6/29/20
Boston Properties Reports June Office Tenant Collections of 98%
BOSTON--(BUSINESS WIRE)--Boston Properties, Inc. (NYSE: BXP), the largest publicly-traded owner, developer and manager of Class A office properties in the United States, provided an update on . . .
Posted on 6/28/20
Blackstone Skips Payment on $274M Resort Loan
Blackstone (NYSE:BX) skipped a payment on a $274M resort mortgage loan, adding another to the group that has defaulted on debt through the coronavirus disaster.The debt . . .
Posted on 6/28/20
The Realty Advisory Board on Labor Relations and 32BJ Announce Agreement
Health Benefits Extended an Additional 30 Days, for a Total of 120 DaysThe Realty Advisory Board on Labor Relations (RAB) and 32BJ today announced an agreement . . .
Posted on 6/26/20
Manhattan Office Rents May Face Biggest Rent Drop Since 2012: Savills Report
Manhattan office rents may fall to their lowest level since 2012 if the economy struggles to recover from the coronavirus pandemic, according to a report by . . .
Posted on 6/25/20
Innovo Property Group Launches Leasing at The Bridge, A Unique Building-within-a-Building Leasing Opportunity
The Bridge Offers Two Floors Totaling 210,000 Square Feet and Brand-New Features Including a Private Entrance Lobby, Elevators and MEP SystemsInnovo Property Group (IPG), a leading . . .
Posted on 6/25/20
Two Harbors Investment Corp. Appoints William Greenberg As CEO
Two Harbors Investment Corp. (NYSE: TWO) today announced the appointments of William Greenberg to President and Chief Executive Officer and Matthew Koeppen to Chief Investment Officer.
Posted on 6/25/20
Taubman Centers Shareholders Approve Merger with Simon Property Group
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (NYSE: TCO) announced that, at a special meeting of shareholders, its shareholders today approved and adopted the previously announced merger . . .
Posted on 6/25/20
Tower Management Service Lands $12M Credit Facility
JLL Capital Markets coordinates financing request for four properties in New Jersey and New YorkJLL Capital Markets announced today that it has arranged a $12 million . . .
Posted on 6/24/20
Avison Young Named Exclusive Leasing Agent for 27-Story FiDi Office Building
Renovated property at 123 William Street has undergone transformational change Avison Young has been named the exclusive leasing agent by New York City REIT, Inc. for . . .
Posted on 6/24/20
Kassin Sabbagh Realty Sells 515 Ovington Avenue in Bay Ridge, Brooklyn, NY, for $17.1M
KSR Represented Seller Lang Development and Buyer Albert Srour?in Acquisition of 67-unit residential buildingThe multifamily division of Kassin Sabbagh Realty LLC completed the sale of 515 . . .
Posted on 6/24/20
The MTA Capital Program and Its Impact on the Construction Industry Moving Forward
We are proud to announce Janno Lieber, Chief Development Officer of the Metropolitan Transportation Authority (MTA) as keynote and Carlo Scissura, President & CEO of the . . .
Posted on 6/23/20
KS Partners Announces Refinancing of Two Suburban Boston Office Parks
KS Partners announced that it has recently secured $45 million in financing through Marcone Capital, Inc. for two office parks in the Greater Boston area – . . .
Posted on 6/23/20
Stillwater Capital Announces Groundbreaking of Crystal Springs
Stillwater Capital Investments, a leading Dallas-based developer, today announced the start of construction on Stillwater Crystal Springs, a 387-unit, Class-A+ apartment community in Fort Worth, Texas. . . .
Posted on 6/23/20
The RMR Group Announces 29,071 SF of Renewal Leases at 625 Indiana Avenue, NW in Washington, DC
NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) announced that the General Services Administration (GSA) recently renewed two leases at 625 Indiana Avenue, NW in Washington, . . .
Posted on 6/22/20
Morgan Stanley Announce Launch of $26M Impact Developers Fund
NEW YORK--(BUSINESS WIRE)--Morgan Stanley, TruFund Financial Services and the Ford Foundation today announced the launch of the Impact Developers Fund. The $26 million fund will provide . . .
Posted on 6/22/20
West Shore Continues Growth With Thirteenth Acquisition In Florida
West Shore LLC, a fully integrated multifamily real estate investment firm, announced today the acquisition of Isla Antigua, a unique 249-unit apartment community located in St. . . .
Posted on 6/22/20
Shorewood Real Estate Group and Bridge Investment Group Close on $88 million Construction Financing for Jamaica, Queens Development
Shorewood Real Estate Group announced today that in partnership with Bridge Investment Group, the firms closed on an $88 million loan to finance the construction of . . .
Posted on 6/22/20
Sotheby's International Realty Ranks No. 1 Real Estate Brand by Individual Sales Volume in REAL Trends "The Thousand" Rankings
Sotheby's International Realty is pleased to announce the brand has more sales associates represented in the 2020 REAL Trends "The Thousand" Individuals by Sales Volume list, . . .
Posted on 6/22/20
Boston Properties Declares $0.98 Dividend
Boston Properties (NYSE:BXP) declares $0.98/share quarterly dividend, in line with previous.Forward yield 4.32%Payable July 31; for shareholders of record June 30; ex-div June 29.See BXP Dividend . . .
Posted on 6/21/20
Greystone Provides $43.9M in HUD-Insured Financing for Three New York State Skilled Nursing Facilities
NEW YORK, (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate lending, investment and advisory company, has provided $43,880,000 in total HUD-insured financing for a . . .
Posted on 6/21/20
Savills Appoints Mitchell Rudin as CEO of Savills North America
Savills announced today that Mitchell Rudin has been appointed as Chairman and CEO of Savills North America
Posted on 6/19/20
MSD Partners Closes MSD Real Estate Credit Opportunities Funds with $1.1 Billion in Commitments
MSD Partners, L.P. today announced the final closing of its MSD Real Estate Credit Opportunities Funds with in excess of $1.1 billion in commitments. The Fund received significant . . .
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