Newmark Targets the Capital Markets Crown; $455M LA Area Industrial Loan

Newmark Targets the Capital Markets Crown; $455M LA Area Industrial Loan This week, Newmark CEO Barry Gosin details his plan to remain a major force in the commercial real estate market. In other news: Loans continue to close amid challenging conditions, and a look at how Hollywood strikes impact a 2021 CMBS deal. Money Never Sleeps: Newmark Is Aiming for the Capital Markets Crown Newmark CEO Barry Gosin has a plan to cultivate commercial real estate’s top capital markets practice at his firm. [Read More](   Top Deals Of The Week   - PGIM [Refis]( SoCal Industrial Portfolio With $455M Loan - Apollo Lends $90M on Brooklyn Retail Property Anchored by [Whole Foods]( - Related [Scores]( $159M Construction Loan for Luxury Pompano Beach Condo - [Margaritaville]( Resort in SoFlo Nabs $140M - CIM Group [Finances]( $30M Acquisition of Downtown Tampa Bay’s Aloft Hotel   People Moves   Newmark Adds Carolyn Bates as Senior Research Director for Mid-Atlantic Newmark has named Carolyn Bates as its new regional research director for the mid-Atlantic region. [Read More](   Guest Column   NYC Must Incentivize Residential Development Before It’s Too Late A storm is brewing that threatens to further disrupt the supply-demand imbalance of apartments in New York City, writes Sam Eshaghoff, founder and managing principal of West Egg Development. [Read More](   Other Stories From This Week   Court Hears Amtrak’s Eminent Domain Case Over D.C.’s Union Station A U.S. District Court judge began hearing arguments Monday in Amtrak’s eminent domain case in Washington, D.C., in which Amtrak claims it should be granted ownership of the leasing rights from Union Station’s management company, Union Station Investco. [Read More]( Hollywood Strikes Bring Muted Risks to Hudson Pacific, Blackstone CMBS Soundsgages Loan: Barclays Hudson Pacific Properties’ suspension of a quarterly dividend on its common stock due to the ripple effect of Hollywood strikes will mean only ”limited” risks for a 2021 commercial mortgage-backed securities deal the studio operator executed with Blackstone, according to new analysis from Barclays. [Read More]( Brooklyn Investment Sales Poised for Bull Run, Numbers Suggest Brooklyn’s investment sales activity has been barreling ahead in 2023 despite myriad market forces in its path. [Read More]( CMBS Delinquency Rate Has Jumped 56 Percent Since January The CRED iQ CMBS delinquency rate has continued to rise, reaching 5.07 percent in August 2023, a 56 percent jump from January. 4. [Read More](     What We're Reading This Week   - Home prices in Canada are so [stretched]( that even owners want them to fall [Bloomberg] - Wells Fargo CFO expects more [layoffs]( ahead [Reuters] - Google is [cutting]( hundreds of jobs in its recruiting organization [CNBC]   [View in Browser]( | [Advertise]( | [Forward to a Friend]( [Manage your email preferences or unsubscribe]( [Share your thoughts: Help us improve with our quick feedback survey!]( [Commercial Observer]( © Copyright 2023 [Observer Media]( 1 Whitehall Street, Floor 7, New York, NY 10004 This newsletter was published 09/14/2023