A $170M Refi Near Fenway Park, and Related Companies Lands $300M Loan in East New York

A $170M Refi Near Fenway Park, and Related Companies Lands $300M Loan in East New York   This week, just as the World Series was under way, Northwestern Mutual hit a home run for owners of a Boston multifamily asset near Fenway Park with a $170 million refinance loan, and Commercial Observer had the exclusive. Bank of America also provided a $300 million loan for 11 parcels owned by Related Companies that make up Gateway Center Mall in East New York, Brooklyn. And, on the distressed end of commercial real estate finance news, RFR has yet another mortgage that’s in trouble, this time at 90 Fifth Avenue in Manhattan’s Flatiron District. Northwestern Mutual Supplies $170M Refi on Apartments Near Boston’s Fenway Park A joint venture between J.P. Morgan Asset Management and developer Samuels & Associates secured a $170 million loan to refinance a multifamily asset near Fenway Park in Boston, Commercial Observer first reported. [Read More]( Top Deals Of The Week   - Bank of America Provides $300M Refi to Related for [East New York Mall]( - Benefit Street Partners Lends $100M on [Dallas-Area]( Industrial Asset - Deutsche Bank Provides [Sam Chang]( With $65M Refi for Long Island City Hotel - S3 Lends $48M on Midwood [Condo Project]( - North River Partners Lends $42M on [Houston-Area]( Workforce Housing Development - EquiTrust Provides $30M Acquisition Financing for [Atlanta-Area]( Apartment Complex - ConnectOne Bank Leads $29M Loan for [Connecticut]( Apartments - Barings Provides $24M Refi for Residence Inn in [Tempe](, Ariz. Q&A   Justin Oates On How Cain International Disrupted the Miami Office Market The developer discusses how his 830 Brickell project sparked a boom in asking rents in Miami. [Read More]( Guest Columnist   No, Sponsors Shouldn’t Shy Away From Private Commercial Real Estate Funds There are a variety of reasons why engaging in a fund structure would be beneficial to smaller or newer managers, wrote John D. Wilson, a partner in the investment funds group at global law firm King & Spalding. [Read More](   Other Stories From This Week   RFR’s $105M Mortgage at 90 Fifth Avenue More Than 90 Days Delinquent: Report Just weeks after the New York City landlord became embroiled in an ugly legal dispute over the Chrysler Building, RFR is now delinquent on a $104.5 million mortgage it holds for 90 Fifth Avenue, a 140,000-square-foot office building in Manhattan, according to Fitch Ratings. [Read More]( $52M CMBS Loan Backed by Philadelphia’s 401 Market Street Sent to Special Servicing The building fell on hard times when Wells Fargo vacated 72% of rentable space. [Read More]( Extell Buys $50M Loan on Midtown Development Site From Wells Fargo The developer bought the $50 million loan on the property at 24 West 57th Street from Wells Fargo, the previous lender. [Read More]( What We're Reading This Week   - Bosses are calling workers [back to the office](. That’s good news for landlords. [WSJ] - The commercial real estate crash Is [battering]( even the safest bonds [Bloomberg] - U.S. economy [grew]( at a 2.8% pace in the third quarter, less than expected [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 10/31/2024