Related Companies’ $380M CMBS Bronx Loan, C&W Hires a New Capital Markets Head

Related Companies’ $380M CMBS Bronx Loan, C&W Hires a New Capital Markets Head This week, as summer winds down, the financings heat up, most notably two large CMBS loans totalling $1 billion; Bank of America’s Maria Barry discusses her outlook for the affordable housing lending; TruAmerica Multifamily’s CEO tells us about his trip to Everest; Cushman & Wakefield names its new capital markets head; and Trimont strikes a deal to take over Wells Fargo’s commercial real estate loan servicing business. Related Companies Lands $380M CMBS Refi for Bronx Terminal Market Related Companies sealed a $380 million refinance for Bronx Terminal Market, its sprawling retail property at 610 Exterior Street close to Yankee Stadium, Commercial Observer first reported. [Read More]( Top Deals Of The Week   - Wells Fargo, BofA, Deutsche Bank Provide [$620M](Loan for $1B Hyatt Orlando Deal - Loews Miami Beach Hotel Nears $305M[Refi]( - [Wells Fargo]( Leads $240M Construction Financing for Onni Apartment Tower - PMG and Greybrook [Secure]( $178M Refi on South Florida Co-living Dev - BridgeCity Supplies $87M Construction Loan for [Murray Hill]( Apartments - Northwind Group Lends $75M on Office-to-Resi Conversion of [Former Pfizer HQ]( - Timbercreek Capital Provides $69M Bridge Loan to Refi [Orlando]( Apartment Complex - Peachtree Group Provides $42M Refi on Atlanta [Resi-to-Hotel]( Conversion - HarborOne, Westfield Bank Provide $41M [Construction Financing]( in Massachusetts - Citizens Bank Makes $39M Refi for [Queens]( Affordable Housing Portfolio - [Bank of America]( Refis Lower Manhattan Retail Properties With $33M Loan - Thorofare Capital Provides $23M Refi for [Tulsa-Area]( Apartment Complex Q&A   Bank of America’s Maria Barry On Keeping Affordable Housing Doable The multifamily lender has appointed Nick Gesue, founder and CEO of Alder View Capital, as the firm’s new leader, effective immediately. [Read More]( People Moves   Cushman & Wakefield Hires Miles Treaster as Head of Capital Markets Brokerage hired commercial real industry veteran Miles Treaster to head up capital markets division in its San Francisco office. [Read More]( Newmark Adds Sean Crosby From CBRE to Lead SoCal Retail Valuations Crosby, who spent 22 years at CBRE, began Monday at Newmark as a managing director, an executive vice president and the retail practice lead for the Southern California region. [Read More](   Other Stories From This Week   Trimont Scores Major Deal Taking Over Wells Fargo’s CRE Loan Servicing Business Trimont will acquire a segment of Wells Fargo’s loan servicing business, bringing roughly $475 billion of loans Trimont’s way, the companies announced Tuesday. [Read More](Trimont will acquire a segment of Wells Fargo’s loan servicing business, bringing roughly $475 billion of loans Trimont’s way, the companies announced Tuesday. Headline: American Exchange Buys $200M Note on Savanna’s 1375 Broadway.) American Exchange Buys $200M Note on Savanna’s 1375 Broadway. Alen Mamrout’s American Exchange Group purchased the $200 million note for Savanna’s 1375 Broadway, according to city records. [Read More]( CMBS Loan on SoHo’s The Prince Building Enters Special Servicing A $200 million commercial mortgage-backed securities loan secured by The Prince Building at 568 Broadway has hit special servicing before its October 2024 maturity date, according to a Trepp report. [Read More]( RFR’s $180M CMBS Loan on 17 State Street Sent to Special Servicer Aby Rosen and Michael Fuchs’ $180 million commercial mortgage-backed securities loan tied to 17 State Street has been sent to its special servicer after RFR failed to pay up in August, according to Morningstar data. [Read More]( Fred Ohebshalom’s Empire Management Faces Foreclosure at 250 Fifth Avenue Hotel Madison Realty Capital has started foreclosure actions against Fred Ohebshalom’s Empire Management for allegedly failing to pay its $81.5 million loan secured by the hotel at 250 Fifth Avenue, court records show. [Read More]( 7 U.S. Office Buildings Have Sold for More Than $100M Off This Year A new report from Moody’s argues the U.S. office market might have hit bottom as distress sales prices indicate new valuations [Read More]( What We're Reading This Week   - Property downturn creating best [opportunity]( in decades, Gloor says [Bloomberg] - China’s $70B property [rescue plan]( limps off starting line [Financial Times] - Fed minutes point to ‘likely’ [rate cu](t coming in September [CNBC]   [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 08/22/2024