Commercial Observer

Deutsche Bank has sold $1 billion worth of loans related to commercial real estate in the U.S. The bank had been trying to offload the loan portfolio since summer. Read more: https://lnkd.in/eea7mhqt Pictured: Deutsche Bank CFO James von Moltke

Newmark is expanding its debt advisory platform in Southern California, tapping Vincent Punzi (pictured, right) and Lowell Takahashi (pictured, left) as executive managing directors, with a focus on structured finance and debt placement for multifamily assets. Read more: https://lnkd.in/eAWAQWsq #RealEstate #CommercialRealEstate

Spinoso Real Estate Group has purchased the 1.2 million-square-foot White Marsh Mall at 8200 Perry Hall Boulevard in the Baltimore suburbs for $190 million. Read more: https://lnkd.in/eYynmn3C Pictured: Spinoso Founder & CEO Carmen Spinoso

Brooklyn-based Goodland Pickleball is opening a new indoor court in Greenpoint, signing a 12,000-square-foot lease at Pearl Realty Management’s 67 West Street. Read more: https://lnkd.in/eKuNvUk8 Pictured: Goodland co-founder Hemant Chavan, PE 

SL Green Realty Corp. is in contract to buy the office condominium at 500 Park Avenue for about $130 million from Morgan Stanley Prime Property Fund. Read more: https://lnkd.in/eh2KTRX7 Pictured: Marc Holliday, CEO of SL Green

Developer Steiner NYC LLC has landed a $148.5 million loan to refinance a mixed-use property in the Brooklyn Navy Yard. Deutsche Bank supplied the bridge loan on Steiner’s Admirals Row development that opened in 2021 where 19th century houses once stood. Read more: https://lnkd.in/eqhd-_bk Pictured: Doug Steiner, Chairman of Steiner NYC

The Federative Republic of Brazil is doubling its footprint at SL Green Realty Corp.'s Daily News Building in Midtown East. Read more on the deal: https://lnkd.in/eTp23tzh Pictured: Steve Durels, EVP and Director of Leasing and Real Property at SL Green

Preston Partners, Inc. has sold Dartmoor Place at Oxford Square, at 7200 Alden Way in Hanover, Md., to Baltimore-based Continental Realty Corporation. CBRE’s Mike Muldowney represented Preston in the deal. The five-story property was built in 2019 and was 94 percent leased at the time of the deal. Read more: https://lnkd.in/eHCa5M-P Pictured: Ari Abramson, Vice President, Acquisitions at Continental

Advance Auto Parts plans to close hundreds of locations across the country, with a particular focus on California and the Pacific Northwest, as it attempts to shore up persistent quarterly losses. Before the market closed on Monday, the company’s stock was trading at around $43.30 per share, down 30 percent so far this year. Read more: https://lnkd.in/eMyXwfZx Pictured: Shane O'Kelly, president and CEO of Advance Auto Parts

Thor Equities Group has closed a $36.95 million construction loan from ACRES Capital for its 63,000-square-foot Wynwood Walk development in Miami. Read more: https://lnkd.in/efVgg-MH Pictured: Joseph Sitt, Chairman at Thor Equities Group