Sales Deals of the Week: $1B Warehouse Portfolio Deal
Rexford picked up an industrial portfolio from Blackstone for $1 billion.
Source: commercialobserver.com
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Spitzer Recaps 420 Kent Avenue, Meadow Partners Takes Minority Stake
Eliot Spitzer has recapitalized his multifamily project at 420 Kent Avenue in Brooklyn, bringing in Meadow Partners as a partner.
Source: commercialobserver.com
GDS and Sabal Pick Up Controlling Stake in Metropolitan Tower for $82.6M – Commercial Observer
GDS Development Management and Sabal Investment Holdings closed the deal to buy L&L and Mitsubishi’s position on March 18.
Source: commercialobserver.com
Lexin Capital Buys Back Its Defaulted Chelsea Office Loan
Lexin Capital has snapped up the nonperforming debt on its own office property at 229 West 28th Street at a discount.
Source: commercialobserver.com
Nonperforming $111M Senior Loan on 462 Broadway Hits the Market
The $110.6 million nonperforming loan on Meringoff Properties' 462 Broadway is being marketed for sale.
Source: commercialobserver.com