C&WSG finances $240m for 48-property portfolio

Cushman & Wakefield Sonnenblick Goldman (C&WSG), serving as exclusive advisor to Gramercy Capital Corp. (GKK), has arranged financing for a 48-property portfolio comprised of 3.7 million s/f. The portfolio is being financed in connection with GKK's acquisition of American Financial Realty (AFR). PB Capital Corp. provided the $240 million LIBOR based facility. The C&WSG deal team included Mort Holliday, Alex Hernandez, Matthew Lembo and Russell Frahm.

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The Domain Cos. closes on $175 million financing with Wells Fargo to deliver 400 housing units

Queens, NY The Domain Companies closed on $175.6 million in financing with Wells Fargo for a new mixed-income housing project called Elara, which will deliver 429 new apartments in one of the city’s fastest-growing neighborhoods. “Astoria is one of New York’s most vibrant and culturally rich neighborhoods, and it has long held a special place in Domain’s history.