Fed Holds Serve and Related Nabs a $400M South Florida Loan

Fed Holds Serve and Related Nabs a $400M South Florida Loan This week, The Federal Reserve paused short-term interest rates for a seventh straight meeting while indicating a possible easing of monetary policy later this year if progress on bringing down inflation can continue; Related Group nabs a $400 million loan from Madison Realty Capital to construct condominiums on Fisher Island off Miami Beach; and we examine a comeback taking hold in the CMBS market this year. Fed Holds Interest Rates Steady, Signals One Cut in 2024 The Federal Reserve neither raised nor lowered interest rates for a seventh straight meeting Wednesday and indicated that an easing of monetary policy may be slower than what the commercial real estate industry is hoping for, with one projected cut for the remainder of 2024. [Read More]( Top Deals Of The Week   - [Related Group]( Raises $400M From Madison Realty to Build 50 Fisher Island Condos - G4 Capital Partners Provides [$228M]( in Construction Loans on Gowanus Apartments - Valley National Bank Provides $210M Construction Loan for [Harlem]( Apartment Tower - Morgan Stanley, Deutsche Bank Provide $100M [Refi]( for Madison Avenue Office - Acore Refis [Queens]( Industrial Property With $69M Loan - Dwight Mortgage Trust Provides $68M Refi for [Saratoga Springs]( - Affinius Capital Provides $52M [Acquisition Loan]( on $68M NYC Apartment Purchase - 3650 REIT Provides $50M [Mid-Construction Recap]( for 1 Park Row - Principal Asset Management Provides $42M [Construction Loan]( for Industrial Park - California Bank & Trust Lends $26M on CapRock’s [Arizona]( Industrial Park Purchase People Moves   CBRE Adds Meridian’s Judah Hammer to National Debt Business Team Hammer began his new role at CBRE in early June as executive vice president for national debt origination in commercial real estate finance after nearly 19 years at Meridian Capital Group. [Read More]( Silverstein Capital Partners Names Shawn Katz as New President Katz takes over as president of Silverstein Capital from Michael May, who is leaving the firm to “pursue other interests,” according to a company spokesperson. [Read More]( CRED iQ Hires Nikki Kirk, Plans First L.A. Office Commercial real estate finance data provider CRED iQ made its first West Coast senior leadership hire four years after its founding as part of plan to open a Los Angeles office next year. [Read More]( Guest Columnist   Why a Big Capital Crunch Is Coming to Commercial Real Estate The fallout from the increase in interest rate is impacting new loan origination while assets cannot meet their coverage ratio, wrote Andrew Dansker, founder of Dansker Capital Group. [Read More](   Other Stories From This Week   Why Student Housing Stands Out in a Dislocated Commercial Real Estate Market The investor appetite for housing deals near college campuses has strong enough tailwinds to combat possible demographic shifts. [Read More]( Glacier Equities Buys Brooklyn Building Portfolio and Sites for $35.5M The assemblage at 93-99 Commercial Street — together with 1139-1145 Manhattan Avenue, 15 Box Street and 78 Box Street — was sold for $35.5 million, Commercial Observer first reported. [Read More]( For the Space Industry, Real Estate Is a Launch Pad The race to commercialize space has spurred a race for more commercial property. [Read More]( What We're Reading This Week   - A look inside a $1 billion real estate [bet]( on the future of San Francisco [MarketWatch] - For some Wall Streeters, returning to the office means [moving back to NYC]( [Brick Underground] - Pimco warns of more [regional bank failures]( on property pain [Bloomberg]   [View in Browser]( | [Advertise]( | [Forward to a Friend]( [Manage your email preferences or unsubscribe]( [Share your thoughts: Help us improve with our quick feedback survey!]( [Commercial Observer]( © Copyright 2024 [Observer Media]( 1 Whitehall Street, Floor 7, New York, NY 10004 This newsletter was published 06/13/2024