Young Professionals 2024, Loans Galore, and the End of Era at Brookfield

Young Professionals 2024, Loans Galore, and the End of Era at Brookfield This week, we unveil our annual 2024 Young Professionals list, which includes rising stars in commercial real estate finance under the age of 35; a number of loans hit the market, including a $750 million refinance from Morgan Stanley on Brookfield’s One Liberty Plaza; and speaking of Brookfield, the firm’s head of commercial real estate debt, Andrea Balkan, will be leaving her longtime position leading its lending arm at the end of the year. Top Young Professionals 2024 Find out who made our list for rising stars in commercial real estate finance, leasing, investment sales and architecture. [Read More]( Top Deals Of The Week   - Morgan Stanley Provides Brookfield With $750M Refi for [One Liberty Plaza]( in NYC - Affinius Capital, Kennedy Wilson and TYKO Provide $300M for [Gowanus]( Project - Värde Partners [Supplies]( $185M Refi on National Self-Storage Portfolio - Bravo Capital Lends $169M on [Jersey City]( Apartments Project - [Bank of America]( Provides $125M to Refi Anaheim Hotel - [RXR Realty Investments]( Makes $120M Construction Loan on Ray Phoenix - Invictus Real Estate Provides $69M Bridge Loan for [Brooklyn]( Multifamily - Bank OZK, PGIM Provide $63M in Financing for Mack’s [Arizona]( Industrial Project - Dornin Investment Group Buys $60M Loan on [San Diego]( Office Park at Par - Emerald Creek Capital Refis [Chicago]( Condo Tower With $47M Loan - Quinlan Development Group [Seals]( $56M Refi for Brooklyn Multifamily Building - KeyBank Leads $56M Financing to Redevelop Vacant [Connecticut Factory]( - First Continental Lends $42M on [Houston-Area]( Master-Planned Development - Peachtree Group Supplies $40M [C-PACE Loan]( on San Diego Marriott-Branded Hotel - Jason Illoulian’s Faring Lands $35M for [West Hollywood]( Project People Moves   Brookfield’s Head of CRE Debt Andrea Balkan Exiting Firm at End of 2024 Bill Powell will assume Balkan’s duties overseeing the firm's commercial real estate credit platform.. [Read More]( Guest Columnist   How to Get the Globe to Fund Your Development Projects The EB-5 Immigrant Investor Program is America’s version of similar initiatives in other countries such as Spain and Canada, writes G. Lamont Blackstone, a commercial real estate consultant and urban redevelopment specialist who is also the former board chair of the national diversity initiative Project REAP. [Read More](   Other Stories From This Week   Jersey Boy: A Day in the Life of Cushman & Wakefield’s Chuck Kohaut Commercial Observer tagged along with Cushman & Wakefield's Chuck Kohaut on June 18 to observer him in the field. [Read More]( Real Estate Pride Council Expands Reach Two Years In The advocacy group for LGBTQ individuals in commercial real estate has moved well beyond networking to tackle various issues affecting the industry. . [Read More]( KKR Picks Up 18-Property Multifamily Portfolio for $2.1B KKR acquired an 18-asset apartment building portfolio from developer Quarterra Multifamily for approximately $2.1 billion. [Read More]( CMBS Loan on Hollywood’s Biggest Retail Center Hits Special Servicing A $211.3 million commercial mortgage-backed securities loan secured by the former Hollywood & Highland mixed-use entertainment center in Los Angeles has transferred to special servicing due to an imminent maturity default, according to Trepp. [Read More]( Shorenstein’s 1407 Broadway Sees 73% Value Drop From 2019: Trepp The office and retail building at 1407 Broadway, just south of Times Square, has experienced a 73 percent plunge in value since its loan was originated, according to Trepp.. [Read More]( What We're Reading This Week   - Santander sells [hotel loans]( to take advantage of tourism rebound - Brookfield’s Plan to Turn [Malls Into Minicities]( Falls Short [WSJ] - Top Federal Reserve official warns US central bank may need to [raise interest rates]( again [FT]   [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 06/27/2024