Kushner’s Jersey City towers snag $515M loan 

July 1, 2025 / no comments

The first day of July is a big one for Kushner Companies. Not only is it opening The Journal to residents, but it has also locked in a loan of more than half a billion dollars. Blackstone Real Estate Debt Strategies provided a $515 million loan for Kushner Companies’ One Journal Square in Jersey City, […]

This article originally appeared on The Real Deal. Click here to read the full story.

Circle K’s Parent Sheds 35 Stores To Acquire 270 In $1.6B Deal

July 1, 2025 / no comments

Circle K’s parent company is fiercely in M&A mode, letting go of 35 stores so it will be allowed to add 270 more in one merger as its push to combine forces with 7-Eleven inches toward completion.  
Alimentation Couche-Tard is offloading 35 of its stores across Ohio, Indiana and Pennsylvania to MAPCO for an undisclosed amount. The deal fulfills a requirement for Couche-Tard so it can move forward with a larger acquisition. 
ACT is in the process of acquiring all 270 Giant Eagle-owned GetGo convenience stores for $1.6B, a deal that was first agreed upon last August. 
Before the deal could be completed, the…

Blue Flag Capital lands $54M loan for iconic Sag Harbor hotel

July 1, 2025 / no comments

Blue Flag Capital has landed a construction loan for the renovation of an iconic Sag Harbor hotel. Blue Owl Capital provided $54 million for the 67-room Baron’s Cove luxury hotel, according to a press release from JLL, which brokered the deal for the owner, a partnership between Blue Flag Capital and Bain Capital Real Estate. […]

This article originally appeared on The Real Deal. Click here to read the full story.

4 ballot questions could defang City Council’s stronghold over rezonings and housing

July 1, 2025 / no comments

New Yorkers may soon decide whether a local Council member should be able to kill a rezoning.  The city’s Charter Revision Commission on Tuesday released draft questions to pose to New York voters in November, asking whether the city charter should be changed to speed up housing development and weaken the City Council’s leverage over […]

This article originally appeared on The Real Deal. Click here to read the full story.