News
MHN TV: Sources of Capital: Life Companies, Conduits, Banks
Denny St. Romain, managing director of Real Estate Investment Banking at Jones Lang LaSalle, discusses three sources of commercial real estate financing today: life companies, conduits and banks.
Conduits Competing Directly with Fannie Mae, Freddie Mac
Vic Clark, managing director of Centerline Capital Group, explains the increasing competitiveness of CMBS financing in the commercial real estate world.
TODAY’S DEALS: Development Site Near Hudson Yards Sells For $21.25M
A development site positioned in New York City’s Hudson Yards Special District at 511-515 West 36th Street has traded for $21.25 million; and Alliant Capital completes $24.71 million in acquisition loans.
Special Report: From Concrete to Wetlands—NYC’s Blueway Plan
At a recent presentation in Manhattan called “The East River Blueway Plan,” speakers discussed plans to build a waterfront land area from the Brooklyn Bridge up to 38th Street. This land will act not only as a barrier to protect buildings from future storms and hurricanes, but also as a way to connect communities and encourage waterfront activities such as kayaking and fishing.
Economy Watch: Hiring Improves in April
The U.S. economy created 165,000 jobs in April, according to the Bureau of Labor Statistics, which isn’t completely robust but at least puts to rest fears of a sharp slowdown in hiring.
500 Lake Shore Drive Marks Related Midwest’s Chicago Rental Debut
Some of the headiest views in Chicago are now available to renters, with the debut this week of 500 Lake Shore Drive.
Investors Buy Metro Atlanta Multifamily Properties
Carroll Organization and NorthStar Realty Finance Corp. have acquired two Atlanta multifamily properties, paying approximately $46 million. The properties are the 396-unit Chattahoochee Landing in Roswell, and the Abbey at East Cobb, a 200-unit property in the East Cobb submarket.
Michael Skrebutenas Joins The Community Preservation Corporation
The Community Preservation Corporation announced that Michael Skrebutenas has joined as senior vice president and regional director of CPC’s Albany office.
TODAY’s DEALS: Cassidy Turley Brokers $73.6M Construction Loan for D.C. Mixed-Use Community
Cassidy Turley announced that it secured a $73.6 million construction loan for Fort Totten Square; and Marcus & Millichap arranged the sale of an Austin, Texas, property.