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Rates & lending news – page 2
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Northmarq Lends $19M for 154-Unit Multifamily Property in PennsylvaniaNorthmarq’s Philadelphia Debt + Equity team, led by John Banas and Kris Wood, along with David Singer and Jeff Steigerwalt, has lent $19.1 million for the refinancing of Dover Run Apartments located at 2670 Springhouse Bend in Dover, Pennsylvania.
Foreclosure Auction on Horizon for Dallas Highrise2100 Ross Ave., a 33-story office tower in downtown Dallas’ Arts District, could face a foreclosure auction. The Dallas Business Journal reports its owners may have defaulted on a $79 million loan.
JLL Arranges $66.8M Refinancing for Industrial Development in Stuart, FloridaSTUART, FLORIDA — JLL Capital Markets has arranged a $66.8 million loan to refinance South Florida Gateway, a 987,184-square-foot industrial development located at 2400-2450 Southwest Gateway Place in Stuart, a coastal city about 40 miles north of West Palm Beach.
Newmark Arranges $310M Construction Loan for Jersey City Multifamily ProjectJERSEY CITY, N.J. — Newmark has arranged a $310 million construction loan for an 873-unit multifamily project in Jersey City. The project represents the first of two phases in a larger development at 547-555 Summit Ave. that will ultimately add 1,542 units to the local supply.
Benchmark Real Estate Receives $44.5M Loan for Refinancing of Manhattan Apartment BuildingNEW YORK CITY — Locally based owner-operator Benchmark Real Estate Group has received a $44.5 million loan for the refinancing of a 61-unit apartment building located at 194 E. Second St. in Manhattan’s East Village.
JSB Capital Lands $238M Refi on Doral Apartment CommunityJSB Capital inked a $238 million refinancing of The Landmark South, a 631-unit, Class A multifamily community in Doral, Florida. Walker & Dunlop Capital Markets Institutional Advisory arranged the financing.
JLL Arranges Sale, Financing of 200,049 SF Shallow-Bay Business Park in Walnut, CaliforniaWALNUT, CALIF. — JLL Capital Markets has brokered the sale of Walnut Tech Business Center, a shallow-bay business park in Walnut. AEW sold the asset to CIP Real Estate II LLC for $60.6 million.
Representative imageHigher Forever: How Surging Treasury Yields Are Impacting Commercial Real EstateAs Green Day once sang, “Wake me up when September ends.” Considering what happened to key borrowing rates recently, that might be good advice for commercial real estate folks. On Sept.
At Connect Apartments 2026, Experts See “Generational Buying Opportunities”Against a backdrop of high interest rates, inflation and the conflict in Iran, the “tale of two markets” scenario that began in the post-pandemic office sector now encompasses multifamily, Trepp’s Lonnie Hendry told the audience at Connect Apartments 2026 in Los Angeles.
First Phase of Jersey City Multifamily Secures $310M FinancingNewmark has arranged a $310-million construction loan on behalf of Namdar Group for 555 Summit Ave., an 873-unit multifamily development in Jersey City. The property represents the first phase of a planned two-tower development totaling 1,542 units across 555 and 547 Summit Ave.
Blackstone Upsizes £1B Industrial Loan As Giant Platform Refinancing ContinuesBlackstone upsized the loan to refinance UK logistics assets after high investor demand.
Unpaid $79M Loan Puts Downtown Dallas Office Tower At Risk of ForeclosureA Dallas office tower may face foreclosure over an unpaid $79M loan, threatening its future.
BWE Secures Loan for 11-Building N. Colorado Industrial SaleBWE secured a $27.3 million loan to finance the acquisition of Prospect Innovation Campus, an 11-building, 226,461-square-foot light-industrial flex/R&D portfolio located in Fort Collins, Colorado. Ogilvie Partners was the seller. The buildings sold for $42 million.
Greystone Lends $35M on Chicago-Area Apartments AcquisitionIsn’t life grand. Multifamily developer Grand Lifestyles has secured $35.4 million of acquisition financing to purchase a multifamily asset in suburban Chicago, Commercial Observer has learned., Greystone closed the Freddie Mac-backed loan to facilitate Grand Lifestyle’s $51.3…
New York Life Provides $386M Loan for Refinancing of Midtown Manhattan Office BuildingNEW YORK CITY — New York Life Insurance has provided a $386 million loan for the refinancing of 200 Madison Avenue, a 750,000-square-foot office building in Midtown Manhattan. The 26-story building was originally constructed in 1926.
Stockman Development Receives $482.5M in Financing for Ski Resort in Steamboat Springs, ColoradoSTEAMBOAT SPRINGS, COLO. — Stockman Development, led by Marquee Development, has secured $482.5 million in financing from GoldenTree Asset Management to advance The Stockman, Auberge Collection, which recently broke ground at the base of Steamboat Resort in Steamboat Springs.
Gantry Secures $9M Permanent Loan for Office Building in Temecula, CaliforniaTEMECULA, CALIF. — Gantry has secured a $9 million life company loan to retire a CMBS loan on Vail Ranch Town Square, a low-rise office building in Temecula.
50% Of LA Office Sales Closed At A Loss In The Last YearFifty percent of LA metro office sales between Q2 2025 and Q2 2026 incurred losses due to lender-driven distress in the market.
Newmark Arranges $85M Refi on Mixed-Use SoHo PropertyNewmark arranged an $85-million loan on behalf of InterVest Capital Partners to refinance 300 Lafayette St., a boutique mixed-use office and retail property in Manhattan’s SoHo neighborhood. Hudson Bay Capital provided the financing.
BHI Lends $72M on New Jersey Apartments BuildA joint venture between Prestige Development and Anak Development has landed $71.5 million of construction financing to build a multifamily project in northern New Jersey, Commercial Observer has learned.