Latest news with #BankHapoalim
Yahoo
18-07-2025
- Business
- Yahoo
Developer borrows $33 million for New Brunswick warehouse project
Real estate firm Cushman & Wakefield recently announced it served as the exclusive advisor to Faropoint and Deugen Development in the procurement of a $33 million construction loan for the Joyce Kilmer Logistics Center in New Brunswick. The loan was provided by Bank Hapoalim. Completion on the two-building facility is slated for late 2026. The project is located at 701 Joyce Kilmer Ave. Th development will deliver a total of 195,421 square feet with advanced logistics functionality, such as 36-foot ceilings, 32 loading docks, and electric vehicle parking spaces. Each building also incorporates modern office spaces to cater to versatile business needs. More: New Brunswick, Somerville family-owned apartments sold for $17.5 million 'This deal highlights the growing investor confidence in this particular industrial market, which touts location as its most attractive attribute for investors and tenants alike,' stated Cushman & Wakefield's Brad Domenico. The site's proximity to the New Jersey Turnpike, Route 1, and its accessibility to major consumer markets like New York City and Philadelphia make it a prime location for e-commerce and logistics operators. Brad Wadlow is a staff writer for This article originally appeared on New Brunswick warehouse developer secures $33 million loan
Hindustan Times
22-06-2025
- Business
- Hindustan Times
Israeli, Saudi stocks rise in aftermath of US attacks on Iran
Stock exchanges in Israel and Saudi Arabia rose Sunday as traders shrugged off potential risks from the US attacks on Iran. Bank stocks led the rally across the Middle East region. An man cleans ups shattered glass next to a torn Israeli flag at the site of an Iranian strike in the port city of Haifa (AFP) Israel's TA-35 benchmark index advanced 1.2% as of 11:08 Dubai time, led by Bank Hapoalim. Saudi Arabia's Tadawul All Share Index was up 1%, as Al Rajhi Bank rose. Track LIVE updates on Iran-Israel war here The Boursa Kuwait Premier Market Index traded 0.7% higher as of 10:39 a.m. Dubai time, while the MSX30 Index in Muscat slipped 0.6%. Qatar's benchmark was 0.7% higher. Irrespective of early Mideast moves, global investors are bracing for market turbulence and don't rule out a dash into haven assets on Monday, after the US targeted Iranian nuclear sites. The move by President Donald Trump without Congressional approval brought a shock value after he seemed to have indicated he will take two weeks to decide. Money managers are now watching out for Iran's response, including whether it blocks the Strait of Hormuz — a key passage for oil and gas — and whether it attacks US assets in the region. 'Markets are focused on whether the war spreads to other countries and there is no evidence of that as yet,' said Hasnain Malik, a strategist at Tellimer in Dubai. 'The benign interpretation is that the US intervention will accelerate the end of the war. That, of course, remains to be seen'' Iran vowed to impose 'everlasting consequences' for the attacks and said it reserves all options to defend its sovereignty. Commentators and officials speculated what that response might be: Iran might attack US bases in the region or Israel's nuclear research center near the desert town of Dimona, or escalate its own nuclear program. While investors over the past two weeks repeatedly tried to see a silver lining — expecting the conflict to remain regional and not involve the US — that optimism has now been belied. Neither has Trump indicated the attacks are over. He has threatened even greater force if Iran retaliates. 'Short-term, markets such as crude oil will pivot on whether Iran retaliates and widens the war in a way that impacts oil supply versus backing down and offering concessions on its nuclear program,' Malik said. 'The biggest risk to the region is a collapse of the regime in Iran and a descent into Syrian-style civil war. US intervention may increase the probability of this.'
Business Wire
17-06-2025
- Business
- Business Wire
Walker & Dunlop Arranges $125 Million Construction Loan for Mixed-Use Property, Cassi in the Miami Design District
BETHESDA, Md.--(BUSINESS WIRE)-- Walker & Dunlop, Inc. announced today that it arranged a $125 million loan to finance the construction of Cassi, a 107-unit mixed-use project located in Miami's acclaimed Design District. Walker & Dunlop New York Capital Markets, led by Sean Reimer, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Jordan Casella, and Michael Stepniewski, were exclusive advisors to the joint venture team that includes Miami Design District Associates, Hunter Pasteur, and The Forbes Company. Amerant Bank led the financing package that also included Bank Hapoalim. 'Cassi Miami benefits from highly favorable zoning, allowing our client to deliver a cohesive and thoughtfully designed development,' said Sean Reimer, managing director of Capital Markets at Walker & Dunlop. 'As Miami's economy continues to thrive and demand for luxury, amenitized spaces grows, we're proud to partner with the sponsorship team and look forward to bringing this exceptional project to life.' The 20-story project includes 161,444 rentable square feet of residential space across a mix of 107 units, averaging 1,509 square feet. Unit types range from one- to three-bedrooms with dens. The amenity-rich project also features 23,000 rentable square feet of retail space and is located at the gateway of the Miami Design District, one of the city's most culturally significant developments, known for world-class art, luxury retail and award-winning restaurants. Legal representation for the transaction was provided by Adam Lustig, Salomé Bascuñan, and Kevin Koushel of Bilzin Sumberg on behalf of the joint venture team, and Mark Somerstein and Amanda Phillips of Greenspoon Marder on behalf of Amerant Bank and Bank Hapoalim. In 2024, Walker & Dunlop's Capital Markets team sourced over $16 billion from non-Agency capital providers. This vast experience has made them a top advisor on all asset classes for many of the industry's top developers, owners, and operators. To learn more about Walker & Dunlop's broad financing options, visit our website. About Walker & Dunlop Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry. About Miami Design District The Miami Design District is a one-of-a-kind neighborhood that combines luxury shopping, galleries, museums, design stores, restaurants, and major art and design installations all within an architecturally significant context. The Miami Design District is owned and operated by Miami Design District Associates, a partnership between Dacra, founded and owned by visionary entrepreneur Craig Robins, and L Catterton Real Estate, a global real estate development and investment fund, specializing in creating luxury shopping destinations. As Miami becomes increasingly known for its own rich culture, the growth of the Miami Design District further reflects how the city is deserving of its place on the global stage.
Yomiuri Shimbun
17-06-2025
- Business
- Yomiuri Shimbun
Israeli Markets Rally as Investors Sketch Post-Iran Conflict Landscape
Reuters Part of an electronic board displaying market data is seen at the Tel Aviv Stock Exchange, in Tel Aviv, Israel November 4, 2020. Picture taken November 4, 2020. JERUSALEM/LONDON, June 16 (Reuters) – Israel's shekel jumped sharply and stocks and bonds gained on Monday as investors began to look beyond the escalating conflict with Iran and shape a more favorable long-term risk assessment for the country's assets. The shekel ILS= traded at 3.50 to the dollar by 1642 GMT, 3.6% stronger on the day and scoring its best performance since October 9, 2023, when the central bank heavily intervened to shore up the currency following the outbreak of the Gaza war. The Israeli currency had rallied as much as 4.6% earlier in the session, snapping a four-day losing streak and clawing back hefty losses suffered last week when rumors of an Israeli attack on Iran intensified. Israel launched its biggest-ever military strike against its longstanding enemy early on Friday. The main Israeli share indices also gained, with the broad Tel Aviv 125 index .TA125 closing 2.6% higher and extending Sunday's gains of some 0.5%. The rise followed a weekend of punishing Israeli attacks on Iranian nuclear facilities, ballistic missile factories and military commanders, which were met with retaliatory Iranian strikes against Israel. 'The reaction of the local markets … perhaps reflects the assessment that in certain scenarios this war may be a catalyst for a new status quo in the region,' said Bank Hapoalim chief economist Victor Bahar. Israeli officials have said the conflict will take time and will not end until the Iranian nuclear threat is removed. Tehran denies it wants to build nuclear weapons. Middle East tensions have been rising since the war in Gaza erupted 20 months ago after Hamas-led and Iranian-backed militants stormed into southern Israel and took 251 hostages and killed 1,200 people, most of them civilians. Israel's military campaign since has killed nearly 55,000 Palestinians, most of them civilians, according to health authorities in Gaza. Fighting between Israel and Tehran's proxies such as Hezbollah in Lebanon and the Houthis in Yemen has also intensified. 'Most of these (proxies) have been destroyed or weakened, but Iran's nuclear weapon program has remained a long-term existential threat for Israel,' said Leader Capital Markets chief economist Jonathan Katz. 'Delaying this program significantly – and maybe a credible commitment from Iran to forgo high-level nuclear enrichment – will reduce Israel's geopolitical risk premium markedly.' Israel's international bonds as well as its credit default swaps – a proxy for insurance against risk of default – both regained ground on Monday. The 2120 maturity added more than 1.5 cents to bid at 67.07 cents on the dollar, Tradeweb data showed, around 1 cent below levels seen last Wednesday when reports of a potential imminent attack emerged. Israel's five-year credit default swap also dropped sharply to 108 basis points from Friday's close of 122 bps. At a domestic bond auction on Monday, Israel sold 2.75 billion shekel ($785 million) of various debt maturities in a sale that was multiple times oversubscribed. Israel's economic performance and the macroeconomic pressures it faces have been choppy in recent years. Data on Sunday showed the inflation rate eased more than expected to 3.1%, though the central bank is expected to remain cautious. The derivatives market is pricing in an interest rate cut in mid-2026. Earlier on Monday, first-quarter economic growth was revised up to an annualized 3.7% from 3.4%.
Reuters
16-06-2025
- Business
- Reuters
Israeli markets rally as investors sketch post-Iran conflict landscape
JERUSALEM/LONDON, June 16 (Reuters) - Israel's shekel jumped sharply and stocks and bonds gained on Monday as investors began to look beyond the escalating conflict with Iran and shape a more favourable long-term risk assessment for the country's assets. The shekel traded at 3.50 to the dollar by 1642 GMT, 3.6% stronger on the day and scoring its best performance since October 9, 2023, when the central bank heavily intervened to shore up the currency following the outbreak of the Gaza war. The Israeli currency had rallied as much as 4.6% earlier in the session, snapping a four-day losing streak and clawing back hefty losses suffered last week when rumours of an Israeli attack on Iran intensified. Israel launched its biggest-ever military strike against its longstanding enemy early on Friday. The main Israeli share indices also gained, with the broad Tel Aviv 125 index (.TA125), opens new tab closing 2.6% higher and extending Sunday's gains of some 0.5%. The rise followed a weekend of punishing Israeli attacks on Iranian nuclear facilities, ballistic missile factories and military commanders, which were met with retaliatory Iranian strikes against Israel. "The reaction of the local markets ... perhaps reflects the assessment that in certain scenarios this war may be a catalyst for a new status quo in the region," said Bank Hapoalim chief economist Victor Bahar. Israeli officials have said the conflict will take time and will not end until the Iranian nuclear threat is removed. Tehran denies it wants to build nuclear weapons. Middle East tensions have been rising since the war in Gaza erupted 20 months ago after Hamas-led and Iranian-backed militants stormed into southern Israel and took 251 hostages and killed 1,200 people, most of them civilians. Israel's military campaign since has killed nearly 55,000 Palestinians, most of them civilians, according to health authorities in Gaza. Fighting between Israel and Tehran's proxies such as Hezbollah in Lebanon and the Houthis in Yemen has also intensified. "Most of these (proxies) have been destroyed or weakened, but Iran's nuclear weapon program has remained a long-term existential threat for Israel," said Leader Capital Markets chief economist Jonathan Katz. "Delaying this program significantly - and maybe a credible commitment from Iran to forgo high-level nuclear enrichment - will reduce Israel's geopolitical risk premium markedly." Israel's international bonds as well as its credit default swaps - a proxy for insurance against risk of default - both regained ground on Monday. The 2120 maturity added more than 1.5 cents to bid at 67.07 cents on the dollar, Tradeweb data showed, around 1 cent below levels seen last Wednesday when reports of a potential imminent attack emerged. Israel's five-year credit default swap also dropped sharply to 108 basis points from Friday's close of 122 bps. At a domestic bond auction on Monday, Israel sold 2.75 billion shekel ($785 million) of various debt maturities in a sale that was multiple times oversubscribed. Israel's economic performance and the macroeconomic pressures it faces have been choppy in recent years. Data on Sunday showed the inflation rate eased more than expected to 3.1%, though the central bank is expected to remain cautious. The derivatives market is pricing in an interest rate cut in mid-2026. Earlier on Monday, first-quarter economic growth was revised up to an annualised 3.7% from 3.4%. ($1 = 3.5017 shekels)
