2+ day, 5+ hour ago   (360+ words) The nonprofit Upper Manhattan Empowerment Zone Development Corporation (UMEZ) is moving its nonprofit headquarters to 119 West 125th Street in Harlem, Commercial Observer has learned. The lease term and asking rent for UMEZ’s new sixth-floor office was not disclosed, but the Class…...

3+ day, 6+ hour ago   (241+ words) A Brooklyn developer got a higher calling for its latest multifamily project. David Grunfeld, through the entity GW Infinity, has landed $45 million of construction financing to build a 99-unit apartment building with an affordable housing component at a church-affiliated site…...

3+ day, 7+ hour ago   (248+ words) A Boston development firm’s plan for a multifamily project in suburban Boston is proving dino-mite. Dinosaur Capital Partners has landed $48 million of construction financing to build a multifamily property in Lexington, Mass., Commercial Observer has learned. Affinius Capital and Axonic…...

3+ day, 8+ hour ago   (130+ words) Kolter Urban and BH Group have secured $197 million in construction financing to build Olana Naples Residences, an estate-style condominium residence in Naples, Fla., along Florida’s Gulf Coast, Commercial Observer can first report. Apollo Global Management and BDT & MSD Partners provided…...

4+ day, 3+ hour ago   (200+ words) Slate Property Group has landed a $63 million loan to refinance three multifamily buildings in Manhattan’s Chelsea neighborhood, Commercial Observer has learned. Prime Finance provided the loan for Slate’s portfolio at 229 West 20th Street, 300 West 21st Street and 301 West 22nd Street, which combined feature…...

4+ day, 8+ hour ago   (140+ words) GR Properties USA has sealed $62 million of bridge debt to refinance a newly developed multifamily project in suburban Los Angeles, Commercial Observer has learned. Dwight Investment Management, an affiliate of Dwight Capital, closed the loan for the 139-unit Lana property…...

5+ day, 2+ hour ago   (166+ words) Investec Real Estate Companies has secured $53.5 million to refinance a portfolio of three self-storage assets in Central and Southern California that span 253,496 rentable square feet and hold 1,818 units, according to a release. New York Life provided the debt, structured as…...

5+ day, 3+ hour ago   (176+ words) A joint venture among East West Partners, CBC Real Estate and Affinius Capital has secured $141 million to refinance a 535,000-square foot office campus in Raleigh, N.C., that serves as the global headquarters of Bandwidth, a publicly traded technology firm. Mizukovski, a…...

5+ day, 3+ hour ago   (329+ words) The increased utilization of Commercial Property Assessed Clean Energy (C-PACE) debt for conversion projects has reached new heights with Cleveland’s fifth-tallest building. ErieView Development has secured a $93.4 million C-PACE loan from Nuveen Green Capital (NGC) to transform the former Erieview…...

1+ week, 2+ day ago   (230+ words) Clipper Equity’s hopes have been realized in the sale of a luxury rental building at 130 Hope Street in Williamsburg, Brooklyn, Commercial Observer has learned. Clipper sold the 150-unit building — which it completed in 2023 and dubbed Casa Hope — to New York…...