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  • Nightingale, Wafra Capital Talk 111 Wall Street and C-PACE Financing
    by mburke18 on Thursday, October 14, 2021

    Elie Schwartz and Simon Singer’s Nightingale Properties first connected with Wafra Capital Partners and its vice president, Robert Rothschild, in 2017. Just over two years later, in July 2019, Nightingale and Wafra Capital, an investment arm under Kuwait’s public pension fund, the Public Institution for Social Security of Kuwait (PIFSS), identified an opportunity at 111

  • Community Three Secures $60M for Condos in DC’s Mount Vernon Triangle
    by Keith Loria on Tuesday, September 21, 2021

    Community Three Development has secured $60 million in construction financing for a 12-story condo development in the Mount Vernon Triangle neighborhood of Washington, D.C., Commercial Observer has learned.  The financing was provided by FVCbank and Stonehill PACE, and arranged by Clearwater Capital Management. It is the first condominium development to be financed using Property Assessed

  • Sustaining Sustainability: The Economics of Decarbonization
    by tacitelli on Thursday, September 16, 2021

    With the combined current emphasis on improved health in light of COVID-19 and a greater environmentalism in response to the rapidly encroaching effects of climate change, there may be no more essential buzzword in CRE today than “sustainability”. For a comprehensive look at how the commercial real estate industry is approaching the move toward greener,

  • Akerman’s Randy Eckers Talks Potential of C-PACE Loans
    by acoen on Monday, June 21, 2021

    While Commercial Property Assessed Clean Energy (C-PACE) financing has picked up steam across the country, the financing vehicle still has much more room to grow. Still, the sector made headlines this week when New York City’s first C-PACE loan — and the largest C-PACE loan in the green financing source’s history — was made on

  • Nightingale, Wafra Capital Seal $500M Financing for 111 Wall Street
    by Cathy Cunningham on Friday, June 11, 2021

    The market is back, baby. And one of the largest office loans in New York City since COVID-19 hit U.S. shores has closed.  Nightingale Properties and Wafra Capital Partners (WCP) closed roughly $500 million in acquisition and construction financing for 111 Wall Street today, Commercial Observer can first report. A lending consortium that included SKW

  • C-PACE Financing Sees Massive Growth Nationally
    by Sophia on Monday, June 7, 2021

    Commercial Property Assessed Clean Energy (C-PACE) financing — a once little-known mechanism for property owners and developers to access low-cost, long-term, fixed-rate financing for new development or rehabilitation projects — is rapidly growing in popularity throughout the country. More and more states are adopting this assessment financing tool as governments look to incentivize commercial property

  • SY Holdings Nabs Record Construction C-PACE Loan for Upstate NY Hotel
    by acoen on Monday, May 17, 2021

    CleanFund is supplying $21.6 million of construction debt toward the development of a luxury boutique hotel in New York’s Hudson Valley by SY Holdings, Commercial Observer can first report. The loan for Wildflower Farms, a 65-room hotel in Gardiner, N.Y., marks the largest transaction to date in the State of New York under the Energy

  • Chicago-Area Developers Nab $82M in Financing for Historic Rehab in Aurora
    by mburke18 on Thursday, December 24, 2020

    A group of partners based out of Aurora, Ill., who lead investment and development firm Fox Valley Developers, have locked in a roughly $82 million package of public and private financing in order to move forward on its redevelopment of an old hospital campus in Aurora that was designated as a historic landmark earlier this

  • CO Forum Explores How Real Estate Is Preparing for a Greener, Cleaner Future
    by chavagourarie on Thursday, September 24, 2020

    On Saturday, the Metronome clock in Manhattan’s Union Square began counting down to a critical deadline: the time left before climate change will do irreversible damage to the Earth. The deadline was seven years, 103 days, 15 hours, 40 minutes and seven seconds away when that countdown began, according to the two artists behind the

  • UC Funds’ Dan Palmier on Thriving Through a Crisis
    by Cathy Cunningham on Thursday, May 21, 2020

    Closed deals are few and far between, and even rarer when an alternative lender is providing the debt. UC Funds has been finding opportunity in today’s turbulent market, with recent activity including a $30 million ground-up construction loan for an L.A. apartment project and a $25 million land loan refi in Orlando, Fla. The firm



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