Office: rates & lending – page 8

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LendingOfficeBHI Provides $88M Bridge Loan for 845 Third Avenue’s Office-to-Resi ConversionMar 20, 2026Another office-to-residential conversion is on its way to New York City, courtesy once again of Nathan Berman’s MetroLoft Management.LendingOfficeJLL Arranges $24.7M Refinancing for Office Building in Coral Gables, FloridaMar 19, 2026CORAL GABLES, FLA. — JLL has arranged a $24.7 million loan for the refinancing of 2000 Ponce, a 109,745-square-foot office building in Coral Gables, about five miles west of Miami.Representative imageLendingOfficeKen Griffin and Goldman Properties Land $118M for Wynwood OfficeMar 18, 2026Three months after purchasing an office building in Miami’s Wynwood neighborhood, billionaire Ken Griffin and developer Goldman Properties nabbed a $118 million loan from J.P. Morgan Chase, property records show.LendingOfficePebb Enterprises Refis Boca Offices With $35M From CitibankMar 17, 2026Pebb Enterprises nabbed $35 million from Citibank to refinance two office properties in Boca Raton, Fla., the developer announced.Representative imageLendingOfficeWells Fargo Provides $145M CMBS Loan for Silicon Valley Office ComplexMar 17, 2026Prometheus Real Estate Group has secured a $145 million loan to refinance The Towers at Cupertino City Center, a two-building, recently renovated office center in Cupertino, Calif., in Silicon Valley, according to a release.LendingOfficeGFP Receives $86.5M Loan for Refinancing of Midtown Manhattan Office BuildingMar 17, 2026NEW YORK CITY — Local owner-operator GFP Real Estate has received an $86.5 million loan for the refinancing of 515 Madison Avenue, a 42-story office building in Midtown Manhattan.Representative imageLendingOfficeNorthmarq Arranges $145M Refinancing for Two-Building Office Campus in Cupertino, CaliforniaMar 17, 2026CUPERTINO, CALIF. — Northmarq has arranged $145 million in refinancing for The Towers at Cupertino City Center, a two-building office campus in Cupertino. Prometheus Real Estate Group owns and operates the Class A property.LendingOfficeLargest Office-to-Resi Conversion in Massachusetts Secures FinancingMar 16, 2026MassDevelopment has partnered with primary lender The Washington Trust Company to provide $51,170,000 in loan financing to OCP Worcester Owner LLC, an affiliate of real estate development company and property owner Synergy, for the largest office-to-residential conversion in…LendingOfficeTXRE Offloads 83K-SF Arlington Office BuildingMar 16, 2026TXRE Properties sold the Arlington Interlink at 1701 E. Lamar Boulevard to Hielan Real Estate. The Dallas Business Journal reports Hielan secured a $10.5 million loan from Plains Capital Bank.LendingOfficeCrestline Refis Coral Gables Office Building With $25M LoanMar 13, 2026Westside Capital Group has landed a $24.7 million loan to refinance its newly acquired headquarters in suburban Miami, Commercial Observer has learned.LendingOfficeGantry Secures $13.5M Loan for Refinancing of Historic Office Building in Palo Alto, CaliforniaMar 13, 2026PALO ALTO, CALIF. — Gantry has secured a $13.5 million permanent loan to refinance a timely maturity on a historic office building in Palo Alto.LendingOfficeCMBS Special Servicing Rate Dips in February, but Retail Sees Big IncreaseMar 12, 2026The Trepp CMBS Special Servicing Rate declined modestly by 18 basis points in February to 10.73%. The decline resulted from seven office and three mixed-use loans transferring out of special servicing, but was nearly negated by a large retail loan’s transfer to special servicing.LendingOfficeWaterfall Provides $127M Loan for Refinancing of Metro Philadelphia Office CampusMar 12, 2026KING OF PRUSSIA, PA. — Waterfall Asset Management, a New York City-based lender, has provided a $127 million loan for the refinancing of Chesterbrook, a 1.1 million-square-foot office campus located northwest of Philadelphia in King of Prussia.LendingOfficeLender Acquires Irvine Concourse Offices for Headquarters UseMar 6, 2026Newmark represented West Capital Lending in its $23.75-million acquisition of 17911 Von Karman Ave., a 104,375-square-foot, five-story Class A office building located in the Irvine Concourse submarket of Irvine.Representative imageLendingOfficeLargo Capital Arranges $76M in Financing for Office-to-Residential Conversion in Lower ManhattanMar 6, 2026NEW YORK CITY — Largo Capital, a financial intermediary based in upstate New York, has arranged $76 million in construction-to-permanent financing for an office-to-residential conversion project in Lower Manhattan.LendingOffice99 Hudson St. Secures $40M RefiMar 5, 2026JLL Capital Markets arranged a $40-million refinancing for 99 Hudson St., a 183,958-square-foot office building located in Lower Manhattan’s Tribeca neighborhood. JLL represented the borrower, an affiliate of Olshan Properties. The loan was provided by an insurance company.LendingOfficeGantry Secures $10.2M Refinancing for Terminal Sales Office Building in Downtown SeattleMar 5, 2026SEATTLE — Gantry has secured a $10.2 million permanent loan to refinance the historic Terminal Sales office building in downtown Seattle. Located at 1932 1st Ave., adjacent to Pike Place Market, the 11-story, 92,400-square-foot building was originally delivered in 1925.Representative imageLendingOfficeDeutsche Bank Refis Delaware Office Tower With $41M CMBS LoanMar 4, 2026Buccini Pollin Group (BPG) has secured a $41 million loan to refinance an office tower in Wilmington, Del., that formerly housed a portion of DuPont’s headquarters, Commercial Observer has learned.LendingOfficeLoan Sale Platform mTrade, Nonprofit LeverageEd Sign Leases at 20 West 55th StreetMar 4, 2026Skyline Developers has two new tenants moving to its office building at 20 West 55th Street, Commercial Observer has learned.LendingOfficeForman Capital Provides $26M Loan for Indianapolis-Area Office ComplexMar 3, 2026Forman Capital closed a $25.78 million bridge loan for Penn Mark I & II, a two-building complex with 242,481 square feet of combined office space located in Carmel, Indiana, within the Indianapolis MSA.