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Argentic Supplies $65M Acquisition Loan on Pennsylvania Distribution Center

Lightstone and Cerberus Capital Management sealed $65 million of acquisition financing for the purchase of a Pennsylvania industrial asset.

United statesUnited kingdomMitchell hochbergReckitt benckiser groupLoan on chicago multifamily developmentCerberus capital managementCommercial observerArgentic investment managementPetros suppliesChicago multifamilyAndrew scandaliosJohn plowerIchael pagniucciMitchell hochbergPeter rotchfordRyan cottone

Northwind Group Provides $111M Takeout Financing on Houston Condo

Pelican Builders and Ember Group secured $111 million in first-mortgage financing for The Hawthorne, a 17-story, 67-unit luxury condo.

United statesWilliam giddings farringtonJohn fenoglioNathaniel hawthorneBrock hudsonNorthwind groupLoan on chicago multifamily developmentMember groupHouston based pelican buildersCommercial observerPetros suppliesChicago multifamilyRan eliasafNew york basedFelipe street5656 san felipe street

CRE Valuations Dropped 42 Percent on Average in 2023

Commercial real estate valuations saw a 42 percent average decline in 2023 from original issuance, according to CRED iQ.

San antonioUnited statesMandarin orientalLoan on chicago multifamily developmentBrass professional centerPetros suppliesChicago multifamilyMike haas

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