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Commercial Observer · New York · Capital

The New School Sells Loeb Hall Residence to Hawkins Way Capital for $52M

Via Commercial Observer · August 25, 2026
Compiled by Real Estate Trail Editorial · August 25, 2026

Why this matters

Capital markets activity continues to be defined by the rotation from bank balance sheets to non-bank lenders. Private credit funds have raised record dry powder; banks have tightened CRE underwriting standards for the sixth consecutive quarter. The result is a market where well-sponsored deals clear, and marginal credit pays a meaningful spread to do so. New York continues to bifurcate sharply: trophy office leasing at record rents, commodity Class B in conversion discussions or court-supervised processes. Rent-stabilized multifamily remains supply-constrained and tightly held. For LPs, the allocation conversation has shifted decisively toward real estate debt, with equity allocations being deployed more selectively into operator-led platforms.

Editorial analysis · Real Estate Trail Editorial

On the RET wire

Computed from Real Estate Trail’s own tracked coverage

Excerpt from Commercial Observer:
In its third acquisition of student housing in Manhattan this summer, Hawkins Way Capital has purchased a residence hall near Union Square for $51.5 million from the New School , according to city records made public…
Read the full article at Commercial Observer

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