Commercial Real Estate Financing News + More: McCourt Global Puts Money Into Modular Construction + MORE 06/05/2017

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Special Purpose Properties!

It is becoming increasingly difficult to get commercial loans for special purpose properties. Properties that do not fall in the categories of apartments or retail/office buildings are often placed in this special purpose classification. This means that business acquisition loans for commercial properties such as restaurants/bars and auto service businesses are frequently hard to find. Commercial financing will be even more difficult to locate for such specialized properties as churches, funeral homes, nursing homes and assisted living facilities.

Megyn Kelly was arguably the highest-profile media figure of the 2016 campaign, thanks to her exchanges with Donald Trump. Yet as Trump was sworn in as president, the former Fox News anchor stayed sidelined, waiting to start her new assignment at NBC News.

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A joint venture that revamped a bland New Jersey office campus into a modern complex with an amenity building, a bike-share service and walking trails has sold the property to Barclays PLC.

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A trove of Chinese trademark applications filed by Ivanka Trump’s namesake business is focusing attention once again on the ethical complications presented by the Trump family’s business ties.

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Food trucks and fitness centers are among the amenities that New Jersey office landlords have been using to attract tenants.The latest perk: Subsidies for digital ride-hailing services such as Uber and Lyft.

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One of New York City’s most prominent investors is betting on modular construction. McCourt Global led a group of investors in a $6 million round of funding for Brooklyn company FullStack Modular LLC.

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