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Andrew Coen

Reporter

Indexed articles, last 90 days
92
Latest publication
Sep 30, 2026
Outlet visibility, for Commercial Observer
Top 500K sites
Earliest in this view
Jul 6, 2026

Latest articles

  1. Article · Sep 30, 2026 · Andrew Coen

    Northwest Bank Lends $35M on Boston-Area Industrial Buy (opens the original)

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    Luzern Associates has landed $34.5 million of acquisition financing to purchase a three-building industrial campus in Boston’s North Shore area, Commercial Observer has learned. Northwest Bank supplied the loan for Luzern’s $47.75 million acquisition of the 200,000-square-foot portfolio at Cherry Hill Business Park in Beverly, Mass., from Massachusetts developer R J Kelly. The portfolio of three buildings is anchored by medical device company Medtronic, which accounts for roughly 70 percent of t

  2. Article · Sep 30, 2026 · Andrew Coen

    Citizens Leads $78M Financing on Philly-Area Affordable Housing Rehab (opens the original)

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    Development firm People Restoring Communities (PRC) has sealed $77.61 million in construction financing for the rehabilitation of an affordable housing community in southern New Jersey, Commercial Observer has learned. Citizens Bank provided a $35.85 million construction loan for PRC’s 150-unit Paulsboro Gardens Apartments property in Paulsboro, N.J., just south of Philadelphia to facilitate renovations of the 1968-built complex. The capital stack also features a $23.73 million Freddie Mac-backe

  3. Article · Sep 30, 2026 · Andrew Coen

    Värde Partners Supplies $66M Refi for Phoenix SFR Property (opens the original)

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    Arizona developer Empire Group has sealed a $65.5 million loan to refinance a newly built single-family rental (SFR) community in Phoenix, Commercial Observer has learned. Värde Partners closed the three-year floating-rate loan with two one-year extension options for the 240-unit Village at Sonoran Vista property, which was completed in January 2026 in Phoenix’s Deer Valley neighborhood. The property is on roughly 34 acres within three miles of Taiwan Semiconductor Manufacturing Company’s (TSMC)

  4. Article · Sep 29, 2026 · Andrew Coen

    Related Affiliate Nabs $167M From Greystone to Build Miami Resi Towers (opens the original)

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    Related Urban Development Group has sealed $167 million in construction financing through Greystone’s affordable housing lending platform to build a two-tower multifamily project in Miami, Commercial Observer has learned. Greystone Housing Impact Investors (GHI) provided an $80 million construction loan through its joint venture with BlackRock Impact Opportunities Fund, while Greystone Real Estate Capital (GREC) supplied $27.4 million in 4 percent Low-Income Housing Tax Credits (LIHTC) for the 2

  5. Article · Sep 29, 2026 · Andrew Coen

    Construction Costs Force Developers to Get Creative With Financing (opens the original)

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    Rising construction costs are slowing the flow of commercial real estate development in 2026 with developers often seeking innovative ways to bring their projects across the finish line. In an Associated General Contractors of America survey released in September, 55 percent of respondents reported delaying, cancelling or scaling back at least one non-data center project over the past six months with one-third of companies polled citing increasing construction expenses as the main reason. Constr

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For Commercial Observer, the outlet · Measured Aug 1, 2026

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