321 West 44th Street, New York, NY 10036212.755.2400
Carl Gaines
Editor
Jotham Sederstrom
Editorial Director
Daniel GeigerDaniel Edward Rosen
Sta Writers
Sam ChandanJoshua Stein
Columnists
Michael Stoler
Contributor
Barbara Ginsburg Shapiro
Associate Publisher
Robyn Weiss
Director o Real Estate
Ed Johnson
Production and Creative Director
Peter Lettre
Photo Editor
Lauren Draper
Designer
Lisa Medchill
Advertising Production
OBSERVER MEDIA GROUPJared Kushner
Publisher
Elizabeth Spiers
Editorial Director
Christopher Barnes
President
Barry Lewis
Executive Vice President
Jamie Forrest
Associate Publisher, Senior Vice President
Michael Woodsmall
Editorial Manager
Zarah Burstein
Marketing Manager
Mark Pasquerella
Controller
Tracy Roberts
Accounts Payable Manager
Accounts Receivable
Ian McCormick
July-August 2012
/Contents
Editor’s Letter
02
News Exchange
04-10
Mortgage originations, note sales,investments, industry research
100 Church Street secures $230 Million loan
HFF: Long Island City hotel refnanced
West 30th Street Tower gets fnancing
Investors Bank to buy Marathon Bank
No sale or Deutsche Bank’s RREEF
Fitch: AAAs-rated CMBS head o the class
In-Depth Look
11-12
Specialty Lenders: Where to Look
by Michael Stoler
Scheme of Things
14
Monthly charts o commercial real estatefnancings in the boroughs
Stein’s Law
16
Clarity On How Mortgage Recording Tax Applies to Interest Rate Swaps
by Joshua Stein
The Basis Point
17
European Recession, the American Fiscal Cli and Commercial Mortgage Lending
by Sam Chandan
Workforce
18
Hirings, promotions, deections and appointments
Power Profile
20-23
Capital One Grows, Minus Pains
by Carl Gaines
Outside Looking In
24-29
Smaller lenders are zeroing in on the Manhattan market
by Daniel Geiger
Q&A
28
Josh Zegen o Madison Realty Capital
by Carl Gaines
The Sked: July/August
31
Our picks or the months’ must-attend events
Of Interest
32
An index o all the people, places, addresses andcompanies mentioned in this issue
Cover Photo by Michael Nagle
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