New Yorker Hotel’s $106M Loan Sale and CO’s DC Power List is Now Live!

New Yorker Hotel’s $106M Loan Sale and CO’s DC Power List is Now Live! This week, M&T Bank parts ways with The New Yorker Hotel’s $106 million senior mortgage; Valley National Bank Leads $252 construction loan for a Coney Island mixed-use project; and Commercial Observer’s Power DC list is now LIVE! New Yorker Hotel’s $106M Loan Hits the Market Newmark is marketing the New Yorker Hotel's $106 million performing loan on behalf of lender M&T Bank. [Read More](   Top Deals Of The Week   - Valley National Bank Leads $252M [Construction Loan]( for Coney Island Mixed-Use Project - Beach Point Provides $105M for LA County [Multifamily Deal]( - Wells Fargo Leads [$100M Credit Facility]( for Manufactured Housing JV - CrossHarbor Lends $73M on Phoenix Area [Industrial Park](Buy - Dwight Capital Refis Oregon Assisted Living Asset With [$36M HUD Loan]( - BHI Supplies $50M [Line of Credit]( to Naftali Credit Partners - [SCALE Lending]( Provides $160M Bridge Financing for Jersey City Mixed-Use Development - Berkadia and Related Fund Management Provide [$217M Recap]( for Florida MF Portfolio     People Moves   Jeffrey Davis Departs JLL for Eastdil Secured’s Hospitality Group The longtime head of JLL’s hotel investment sales platform, Jeffrey Davis, has departed for a similar role at Eastdil Secured, Commercial Observer first reported. [Read More](   Other Stories From This Week   Power DC 2023 Find out who made the cut this year, and why! [Read More]( Value of Downtown LA’s Gas Company Tower Sinks 57% in 2 Years: Trepp The value of the 52-tory Gas Company Tower in Los Angeles is down 57 percent — from $632 million in 2021 to $270 million — according to Trepp. [Read More]( Stay in the City: Top CRE Executives Make the Case for Commuting at McKinsey Forum Four Executives – Diane Hoskins, co-CEO of [Gensler](; Stuart Mercier, a managing director of real estate at [Brookfield (BN)](; Scott Rechler, chairman and CEO of [RXR Realty](; and Ralph Rosenberg, global head of real estate at [KKR (KKR)]( — all participated in a McKinsey forum Thursday that examined the future of downtown cities and office space. [Read More]( Proptech Beelines for Federal Funds to Retrofit Government Properties The federal government will attempt to clean up its own carbon emissions act using nearly $1 billion from the Inflation Reduction Act (IRA), and proptech companies will be part of the pilot program that hopes to get the job done. [Read More]( Miami and Palm Beach Office Markets Still Gliding Despite Fragile Economy Continued demand for office space, especially Class A, is pushing asking rents higher in Miami, even as vacancies hover above pre-pandemic levels. [Read More]( BGO Rolls Out New Industrial REIT BentallGreenOak (BGO) is looking to capitalize on increased online shopping through its new industrial-focused real estate investment trust [Read More](     What We're Reading This Week   - Bond King, Felon, Billionaire Philanthropist: The Nine Lives of [Michael Milken]( [WSJ] - Dimon says private equity giants are [‘dancing in the streets’]( over tougher bank rules [CNBC] - In London, New York and Paris, a Giant Office Bet Is [Going Wrong]( [Bloomberg]   [View in Browser]( | [Advertise]( | [Forward to a Friend]( [Manage your email preferences or unsubscribe]( [Commercial Observer]( © Copyright 2023 [Observer Media]( 1 Whitehall Street, Floor 7, New York, NY 10004 This newsletter was published 07/20/2023