This week was another big week for fundraising, with the top five deals all exceeding $100 million, including a massive $575 million secured by JMB Realty for an office development in Los Angeles. Ta. Other big deals include Brodsky Organization and Greenland USA's $475 million deal to build a residential tower in Brooklyn, and Clipper Equity's $105 million deal to renovate the former Sears department store building in Brooklyn. This includes obtaining a construction loan of US$2.
|
Loan amount |
lender |
borrower |
address |
assets |
broker |
|---|---|---|---|---|---|
|
$575 million |
kale street partners |
JMB Realty |
1950 Star Avenue.Los Angeles |
office development |
Not applicable |
|
$415 million |
M&T Bank |
Brodsky Organization and Greenland, USA |
18 6th Street; Brooklyn |
Residential |
Not applicable |
|
$216 million |
MF1 Capital |
Gotham Organization and Carlyle Group |
200 West 67th Street; Manhattan |
Residential |
CBRE's Tom Traynor, Tom Rugg, Lawrence Britvan, and Adam Spengler |
|
$113 million |
apollo |
faro point |
Portfolio of 29 properties.Nationwide |
industrial |
Joshua Meyers of Key Bank Real Estate Capital |
|
$105 million |
valley national bank |
clipper equity |
2201 Beverly Road; Brooklyn |
housing complex |
Leah Puskas of Landstone Capital Group |
This week's financial transactions reflect transactions completed or announced between April 1 and April 5. Funding information can be sent to editorial@commercialobserver.com.
18 Sixth Avenue, 2201 Beverly Road, 462 Broadway, 5035-5150 Goldleaf Circle, Sale of the Week, Apollo Global Management, Clipper Equity, FaroPoint, Lincoln Property Group, PCCP, Valley National Bank
