CRE Industry Reacts to Fed Hike, Power SoCal is Here!

CRE Industry Reacts to Fed Hike, Power SoCal is Here!   This week, commercial real estate investors gave their takes on what the Federal Reserve’s 50 basis point interest rate cut will mean for the market at Commercial Observer’s inaugural Institutional Investor & Private Equity Forum; J.P. Morgan Chase closes a $307 million commercial mortgage backed securities loan to refinance the Omni Boston at the Seaport hotel; Meridian Group’s Yoni Goodman links up with two of his former colleagues at Green Pine Real Estate; and find out who made our annual Power SoCal list. CRE Investors Poised to Deploy Capital After 50 BP Interest Rate Cut Investors displayed optimism for more capital flowing toward commercial real estate properties at Commercial Observer’s inaugural Institutional Investor & Private Equity Forum a day after the Federal Reserve cut interest rates by 50 basis points. [Read More]( Top Deals Of The Week   - J.P. Morgan Refis [Boston]( Seaport Hotel With $307M CMBS Loan - Apollo Global Management Provides $159M Refi for [Brooklyn]( Multifamily Property - Secures $103M for [North Miami]( Residential Project - Affinius Capital Provides $68M to Refi [Queens]( Multifamily Property - Peachtree Group Lends $39M on[Miami]( Condo Development - Société Générale Provides $37M Refi on Jersey Apartments - CIM Group Provides $31M Hotel Refi in [NoVA]( - BHI Lends $25M to Build [Philly]( Resi Tower People Moves   Meridian’s Yoni Goodman Joins Ronnie Levine, Seth Grossman at Green Pine Real Yoni Goodman, who was president of Meridian Capital Group for six years and with the firm for more than a decade, joined two of his former colleagues at the newly formed investment firm Green Pine Real Estate, Commercial Observer first reported. [Read More]( Guest Columnist   Looking for a Smart Bet in the Market? Multifamily Development Is Your Hedge. As multifamily fundamentals strengthen, investors with active developments in the pipeline will be best positioned for success, wrote Kristi Nootens, co-head of CP Capital US. [Read More](   Other Stories From This Week   Power SoCal Find out who the top commercial real estate players are in Southern California in Commercial Observer’s 2024 Power SoCal list. [Read More]( Clipper Equity’s $100M CMBS Loan on Brooklyn Office Building Now Delinquent A $100 million commercial mortgage-backed securities loan secured by David Bistricer’s Clipper Equity’s office building at 141 Livingston Street in Downtown Brooklyn is now 30 days delinquent, according to a report from Morningstar Credit. [Read More]( Unpaid Utility Bills Sends Industrial CMBS Loan to Special Servicing A $96.8 million commercial mortgage-backed securities loan backing a Rochester, N.Y., industrial park has entered special servicing as the borrower contends with an imminent “non-monetary default” from unpaid utility bills, according to a report from Morningstar. [Read More]( D.C. Office Portfolio Heading to Foreclosure Auction A collection of office buildings in Washington, D.C.’s L’Enfant Plaza that were written off by JBG Smith last year are now slated for foreclosure auction. [Read More]( What We're Reading This Week   - The commercial property market is [coming back to life]( [Bloomberg] - Fed’s rate cut won’t [save]( these real estate owners [WSJ] - Surging AI demand could cause the world’s next [chip shortage]( [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 09/26/2024