Lenders 2024 Is Now Live!

Lenders 2024 Is Now Live!   This week, Commercial Observer’s annual Lenders feature launched, and we heard some of commercial real estate’s top financiers’ takes on the market, interest rates and key lending opportunities they’re pursuing today (also, which celebrity they’re compared to and which song encapsulates their current mindset); Thorofare’s David Perlman and Northwind Group’s Ran Eliasaf gave CO’s finance team a wee break by grilling each other in our inaugural Lender on Lender interview; and there were a lot of investment sales, including CIM bidding adieu to 165 East 66th Street and Vanbarton waving au revoir to 292 Madison Avenue. As for financings? They were comin’ in hot! Northwestern Mutual Supplies $170M Refi on Apartments Near Boston’s Fenway Park Some of CRE’s top lenders give their market insights, lending preferences, interest rates bets and much more! [Read More]( Top Deals Of The Week   - SMBC Provides $135M Refi on [Amazon-Leased]( Bay Area Logistics - OceanLand Investments Secures [$96M]( to Build Luxe Condos In Fort Lauderdale - [Mesa West]( Refis Hyatt-Branded Savannah Hotel With $50M Loan - Nuveen Green Capital Closes $220M se-office-building/C-PACE](se-office-building/) Loan for San Jose Office Building - TPG Angelo Gordon, Andover Properties Nab $315M Refi for [Self-Storage Portfolio]( - John Catsimatidis Seals $92M Refi for [Downtown Brooklyn]( Apartments - Benefit Street Partners Lends $35M on Apartments Near [Texas A&M]( - S3 Supplies $25M Construction Loan for [Upper East]( Side Condos People Moves   PRP Hires Jon McAvoy as Chief Investment Officer McAvoy spent the previous 13 years at Hoffman & Associates where he specialized in construction and ground-up projects. [Read More]( Guest Columnist   Celebrating a Year of Innovation and Excellence in NY Affordable Housing Even in the face of challenges, 2024 has been a banner year for affordable housing creation due to our industry’s increasing willingness to adopt out-of-the-box approaches. [Read More](   Other Stories From This Week   Banks Are Poised for a Commercial Real Estate Lending Rebound in 2025 One of the big unknowns confronting the commercial real estate debt markets in late 2024 is whether banks will show signs of increased activity again after a lengthy period of relative inactivity. [Read More]( Lender on Lender: Thorofare Capital’s David Perlman and Northwind Group’s Ran Eliasaf Thorofare Capital’s David Perlman and Northwind Group’s Ran Eliasaf interview each other about the finer points of CRE lending today, and examine the market’s past and future. [Read More]( Lenders 2024: What Stayin’ Alive Amid Distress Will Look Like in 2025 The Bee Gees song “Stayin’ Alive” must have been stuck in multiple heads during the past 12 months as “Stay alive through `25” was the catchphrase du jour, ringing out through office hallways, Zoom calls and event panels. [Read More]( Lenders 2024: CRE Lenders Wager the Over/Under on 2025 Interest Rates We gave our lenders a li’l wiggle room and asked whether short-term interest rates will be above or below 4 percent on July 1, 2025. [Read More]( Lenders 2024: CRE Has Thoughts on Who Should Be the Next Fed Chair There are approximately 18 months to go before the president will need to appoint a new Federal Reserve chair, but who should that be? [Read More]( Stonehenge Snaps Up Upper East Side Apartment Building for $128M CIM Group has sold The Hanley, its 150-unit luxury rental building at 165 East 66th Street for roughly $128 million. [Read More]( 60 Guilders, Sentry Realty Buy Vanbarton Group’s 292 Madison Avenue for $90M Vanbarton Group sold the property to Kevin Chisholm’s 60 Guilders and Sentry Realty — the real estate investment arm of American Exchange Group — for around $90 million. [Read More]( Peakstone Realty Trust Acquires 51-Property Industrial Portfolio for $490M Alterra IOS sold the assets after raising nearly $1B to acquire hundreds of industrial outdoor storage properties. [Read More]( Ares to Buy 75% Stake in Hell’s Kitchen Apartment Building Valued at $270M Ares Management is set to buy a majority stake in a Hell’s Kitchen apartment building in a deal valuing the property at $270 million. [Read More]( SoHo Retail Investment Sales Rise as Rents Climb and Investors Swarm Well over a quarter-billion dollars in commercial property deals have closed this year in the Manhattan neighborhood. [Read More]( What We're Reading This Week   - Why Trump’s return could spark another bout of [inflation]( and delay interest rate cuts [CNN] - Commercial real estate bonds head for [best year in a decade](, says Deutsche Bank [MarketWatch] - [The silly rule]( that’s helping keep housing costs high [NYT]   [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 11/07/2024