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News

13 Stories That Defined NYC Commercial Real Estate In 2023

... bids over the past week: A joint venture led by Blackstone nabbed a 20% stake in the office, retail and free ... had already handed back buildings earlier in the year, like Blackstone and Brookfield did with 1740 Broadway and the Brill Building ...

Dec 21, 2023
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Santander Buys Final Piece Of Signature Bank's $33B CRE Loan Book
News

Santander Buys Final Piece Of Signature Bank's $33B CRE Loan Book

... market-rate multifamily loans — was sold to a venture of Blackstone, Canada Pension Plan Investment Board and Rialto Capital last week ...

Dec 20, 2023
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Signature Bank branch
News

Blackstone-Led Venture Wins Stake In $17B Signature Bank Portfolio

... the role of loan servicer and operating partner. “Blackstone’s extraordinary real estate insights and credit expertise ... & Wardwell; and Bilzin Sumberg Baena Price & Axelrod advised Blackstone. Signature’s total loans amounted to approximately $33B at ...

Dec 15, 2023
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NYC apartments
News

Related, CPC Nab Stake In Signature’s $5.8B Rent-Stabilized Loan Portfolio

... rent-stabilized housing, with investors including Fortress Group and Blackstone submitting bids to the regulators over the seven-week ... after the FDIC announced that a joint venture of Blackstone, Canada Pension Plan Investment Board and Rialto Capital won ...

Dec 15, 2023
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Brookfield Warns Of Legal Action If FDIC Accepts Lower Bid For Signature Bank Loans
News

Brookfield Warns Of Legal Action If FDIC Accepts Lower Bid For Signature Bank Loans

... of the biggest names in NYC commercial real estate, including Blackstone, Fortress and Related.  Brookfield’s bids focused on two asset ...

Dec 11, 2023
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The Olayan Group's 550 Madison Ave., a stone's throw from Central Park, signed two new tenants this week.
News

This Week’s N.Y. Deal Sheet

... owners also refinanced in 2015 with a $256M sum from Blackstone.  *** SL Green announced on Monday the signing of a pair ...

Dec 05, 2023
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Some of the 2022 honorees onstage at Bisnow's New York Women Leading Real Estate event.
News

Meet Bisnow’s 46 Women Leading Real Estate In NYC

... Wesley LePatner, Global Head of Core+ Real Estate and COO, Blackstone Real Estate Income Trust Jessica Zascki, Chief Transaction Officer, ShopCore ...

Nov 30, 2023
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The Signature Bank branch on Madison Avenue in Manhattan.
News

Related, Blackstone-Led Groups Emerge As Likely Buyers For Signature Bank's Real Estate Loans

... generally couldn’t raise rents to cover costs. Investment giant Blackstone, along with Rialto Capital, is on the verge of acquiring ...

Nov 20, 2023
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RXR Modifies $1.2B Sixth Avenue Office Loan With $220M Equity Injection
News

RXR Modifies $1.2B Sixth Avenue Office Loan With $220M Equity Injection

... away from office buildings in the city, including Brookfield and Blackstone. Others, including Aby Rosen’s RFR, have managed to arrange ...

Oct 30, 2023
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Jordan Metzger of Cole Schotz onstage at Bisnow's 2023 National Commercial Real Estate Finance Conference with Cerberus Capital Management's Neha Santiago, Slate Asset Management's Brendan Shanahan, 3650 REIT's Nishant Nadella and Newpoint Real Estate Capital's Geri Borger Urgo.
News

CRE Awaits Signature Bank Loan Sales For Desperately Needed ‘Pricing Signals’

... loan on 1740 Broadway, a mostly empty office building that Blackstone handed back to its lender last year is set to ...

Sep 21, 2023
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