Rates & lending news

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LendingIndustrialPanattoni Receives $58.7M Refinancing for Northern Parkway Logistics Center in Glendale, ArizonaNov 11, 2026GLENDALE, ARIZ. — Panattoni Development Co. has received $58.7 million in refinancing for Northern Logistics Center, a Class A industrial portfolio in Glendale.Representative imageLendingHelaba Lends $82M on Macy’s-to-Residential Conversion Project Near DenverNov 10, 2026Alliance Residential Company has secured $82.2 million of construction financing for its multifamily makeover of a vacant Macy’s department store in a Denver suburb, Commercial Observer has learned.LendingMacerich In Default On Almost $400M In Mall DebtNov 9, 2026Macerich defaulted on $399M in mall loans as it rebalances its portfolio, sheds underperforming assets and renovates key shopping centers.LendingEXCLUSIVE: Owners Get £168M Blackstone Loan For Shopping Centre As Value Surges by £100MNov 6, 2026Silverburn Glasgow refinanced with a £168M Blackstone loan as its value jumped to £250M on higher occupancy and record 2025 footfall.LendingCentersSlatt Capital Arranges $12M Refinancing for Multi-Tenant Retail Center in Palm Springs, CaliforniaNov 4, 2026PALM SPRINGS, CALIF. — Slatt Capital has arranged a $12 million loan to refinance Gene Autry Plaza, a 60,629-square-foot multi-tenant retail center located in Palm Springs.LendingCentersCronheim Mortgage Arranges $70M Acquisition Loan for Long Island Shopping CenterNov 3, 2026COMMACK, N.Y. — New Jersey-based intermediary Cronheim Mortgage has arranged a $70 million acquisition loan for the 221,000-square-foot Mayfair Shopping Center in Commack, located on Long Island. Built in 1958, the center was 99 percent leased at the time of sale.LendingGantry Secures $31M Refinancing for Value-Add Retail Property in Southern CaliforniaOct 29, 2026LANCASTER, CALIF. — Gantry has secured a $31 million permanent refinance for the Valley Central Shoppes, located at 44410-44690 Valley Central Way in Lancaster. Tony Kaufmann, Jake Davis and Ramza Zeiter of Gantry represented the borrower, a private real estate investor.Representative imageLendingCentersLee & Associates Arranges $5.5M in Financing for Retail Building in Portsmouth, New HampshireOct 20, 2026PORTSMOUTH, N.H. — Lee & Associates has arranged $5.5 million in financing for an 11,000-square-foot retail strip center in Portsmouth, located near the Maine-New Hampshire border. The building at 1303 Woodbury Ave.Representative imageLendingCentersLee & Associates Arranges $5M Acquisition Loan for Retail Strip Center in Rumford, Rhode IslandOct 19, 2026RUMFORD, R.I. — Lee & Associates has arranged a $5 million acquisition loan for a 13,000-square-foot retail strip center in Rumford, located northeast of Providence.LendingCentersSlatt Capital Arranges Life Company Refi for Palm Springs RetailOct 14, 2026Slatt Capital arranged a $12,000,000 refinance for Gene Autry Plaza, a 60,629-square-foot multi-tenant retail property located in Palm Springs. Built in 2009, the property was financed through a life insurance company with a five-year term and 30-year amortization schedule.LendingGroceryPNC Lends $96M for Hawaii Retail Portfolio AcquisitionOct 13, 2026Aloha to permanent financing. 11North Partners has landed $96 million of acquisition debt for the purchase of a two-asset grocery-anchored retail portfolio in Lahaina, Hawaii, on the island of Maui.LendingOfficeBlackstone, LBA Land $270M Office Refi in L.A.’s Culver CitySep 30, 2026Blackstone and LBA Realty are set to close a $270 million commercial mortgage-backed securities refinancing for an office campus in Southern California’s Culver City.LendingMercedes-Benz Miami Project’s $1.1B Financing Package Speeds Closer to CompletionSep 30, 2026Ladies and gents, start your engines. Mercedes-Benz Places–Miami’s construction financing is officially off to the races, sources confirmed to Commercial Observer. J.P.LendingGGP Lines Up $400M Loan To Refinance New England's Largest MallSep 30, 2026Brookfield-owned GGP is finalizing a $400M refinancing deal for the largest mall in New England after securing leases to fill vacant space.LendingIndustrialNorthwest Bank Lends $35M on Boston-Area Industrial BuySep 30, 2026Luzern Associates has landed $34.5 million of acquisition financing to purchase a three-building industrial campus in Boston’s North Shore area, Commercial Observer has learned.LendingOfficeJ.P. Morgan Snags £1B Loan For Spitalfields Office RedevelopmentSep 30, 2026ING and DBS provided £1B to redevelop One Spitalfields, offering 700K SF of office space, pre-let secured.LendingCitizens Bank Leads $78M Financing on Philly-Area Affordable Housing RehabSep 30, 2026Development firm People Restoring Communities (PRC) has sealed $77.61 million in construction financing for the rehabilitation of an affordable housing community in southern New Jersey, Commercial Observer has learned.LendingEmpire Lands $65.5M Refi on Phoenix BTR CommunitySep 30, 2026Värde Partners closed on a $65.5 million loan to refinance Village at Sonoran Vista, a newly delivered build-to-rent community in Phoenix, Arizona.LendingOfficeBWE Secures $42.5M Refi for Historic Nashville BuildingSep 30, 2026BWE secured $42.5 million to refinance the Baggage Building, a Class A mixed-use office and retail property that has an iconic place in Nashville’s storied history. DZL was the sponsor. BWE’s Nick Harb arranged the financing.LendingGreystone Provides $167M Financing for Affordable Housing Tower Development in MiamiSep 30, 2026MIAMI — Greystone has provided a loan package totaling $167 million for the construction of Gallery at Lummus Parc, an affordable housing high-rise development located at 395 N.W. 1st St. in Miami.