Newmark Secures Refi for SpareBox Storage Portfolio
/PRNewswire/ -- On behalf of SpareBox Storage and Davidson Kempner Capital Management, Newmark has arranged the $462.5 million refinancing loan of a 101-asset,...
Source: prnewswire.com
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Top News In Newmark Group Today - Breaking & Trending Today
Biggest U.S. banks scale back on property lending as rates climb
Banks including Wells Fargo, Bank of America and JPMorgan Chase have pulled back on financing for offices and other commercial real estate following a record burst of lending in the first half of this year.
Source: nationalmortgagenews.com
Shelbourne acquires Greenwich office building for $48.5M
Shelbourne Global Solutions has purchased a Class A office building at 777 West Putnam Ave. in Greenwich for $48.5 million. The 134,000-square-foot building sits along Route 1, minutes from downtown Greenwich with easy access to Interstate 95 and Metro-North Railroad. It’s anchored by Marc Fisher Footwear, The Richman Group and Knighthead Funding LLC. Shelbourne plans to upgrade the common areas with a fitness center, lounge, outdoor patio and new building systems.
Source: hartfordbusiness.com
What Impact Are Construction Delays Having on the Industrial Sector?
With industrial development at its highest level in years, how are construction delays affecting the sector
Source: wealthmanagement.com
Singapore's GIC Said Backing $1.1B US Office Buy
GIC is backing Workspace Property Trust's $1.13 purchase of a portfolio of US suburban office assets from Griffin Realty Trust.
Source: mingtiandi.com