The owners of a four-property senior living portfolio secured a nine-figure bridge loan to help cover renovation costs. The deal speaks to both investor interest in senior living properties and the general thaw in commercial real estate financing deals. Also for today: An apartment project in Northern New Jersey secured a similarly large construction loan. #RealEstate #CommercialRealEstate
Commercial Observer
Real Estate
New York, NY 61,874 followers
Connecting and informing industry leaders of trends and individuals defining the global commercial real estate landscape
About us
Commercial Observer is the leading platform to connect and inform commercial real estate professionals — including building owners and managers, brokers, commercial lenders and professional services firms. Our weekly coverage, up-to-the-minute updates on CommercialObserver.com, and events provide an essential mix of breaking news, interviews, features, exclusive industry columnists, and in-depth analyses of market trends.
- Website
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https://linktr.ee/CommercialObserver
External link for Commercial Observer
- Industry
- Real Estate
- Company size
- 11-50 employees
- Headquarters
- New York, NY
- Type
- Privately Held
- Founded
- 2007
- Specialties
- Commercial Real Estate News
Locations
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Primary
1 Whitehall Street, Floor 7,
New York, NY 10004, US
Employees at Commercial Observer
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Jim Sewastynowicz
Photo editor at Commercial Observer
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Jeff Cuyubamba
Art Director at Commercial Observer
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Mark Hallum
Reporter covering NY real estate for Commercial Observer
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Kate Harrington
Marketing & PR Strategist | Crafting Impactful Content | Innovative Solutions & Revenue Streams | Strategic Partnerships
Updates
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A joint venture between RCB Equities and Real Estate Development Associates (REDA) has secured a $115 million acquisition loan for the more than 1 million-square-foot Puente Hills Mall in the City of Industry, California. JLL's Capital Markets Debt Advisory team, led by Managing Director Mark Wintner (pictured), represented the JV in the deal. Read more: https://lnkd.in/eJe9-_ji #RealEstate #CommercialRealEstate
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Australia-based developer Lendlease together with its joint venture partner Aware Super, has secured $316 million in construction financing for Habitat, a 454,000-square-foot project in Culver City, Calif., in Greater Los Angeles. Read more: https://lnkd.in/gfJYbsUe Pictured: Meg Spriggs and Ryan K. Burton of Lendlease #RealEstate #CommercialRealEstate
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APEX - America Property Expo is coming to NYC next week. Gain insights into the future of real estate and connect with industry leaders September 3-5. Reserve your spot now! http://vlt.me/.30u8l
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Peak Condition: TruAmerica Multifamily’s Matt Ferrari on climbing Mount Everest’s North Col. Read the interview: https://lnkd.in/emgVy5s7 #RealEstate #CommercialRealEstate
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Bank of America’s Maria Barry On Keeping Affordable Housing Doable Read more: https://lnkd.in/eGDGNT2N #realestate #commercialrealestate
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Restaurant owner Olie Sangpetpairot has signed a 10-year lease for 5,048 square feet of ground-floor, mezzanine and basement space for a new Thai restaurant at The Somerset Group’s 237 West 35th Street. Meridian Capital Group’s Noam Aziz (pictured) brokered the deal for the tenant. Read more: https://lnkd.in/e_HGTdzD #RealEstate #CommercialRealEstate
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Australia-based developer Lendlease, together with its joint venture partner Aware Super, has secured $316 million in construction financing for Habitat, a 454,000-square-foot project in Culver City, Calif., in Greater Los Angeles. Read more: https://lnkd.in/gfJYbsUe Pictured: Meg Spriggs and Ryan K. Burton of Lendlease #RealEstate #CommercialRealEstate
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Foot Locker's long-rumored plans to move its headquarters from New York City to St. Petersburg, Fla., will happen in 2025. Read more: https://lnkd.in/gEcMJ8gC #RealEstate #CommercialRealEstate
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Join us at CREW New York's September luncheon for an engaging panel discussion on how retail is not just surviving but thriving, driving recovery, and transforming NYC neighborhoods. With our Executive Editor Cathy Cunningham moderating the panel, you don’t want to miss this opportunity to gain valuable insights and network with fellow professionals. Register today! https://lnkd.in/e7i3_PEE
September Luncheon 2024 - Retail Resurgence: Trends, Challenges, and Opportunities in NYC
new-york.crewnetwork.org