BETHESDA, Md.--(BUSINESS WIRE)--Dec 26, 2024--
Walker & Dunlop, Inc. announced today that it has arranged a $245 million loan from TYKO Capital to facilitate the construction of The Greyson, a 28-story, 622-unit Class-A mixed-use tower that will be located in Jersey City, New Jersey.
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The Walker & Dunlop New York Capital Markets team, led by Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Jordan Casella, and William Herring, acted as exclusive advisors to the client, Nasser Freres, and identified TYKO Capital, which is backed by Elliott Investment Management, as the lender. With the building already nearing top-off, the loan proceeds will fund the balance of costs to complete.
The property will rise on a 0.7-acre site in Journal Square, one of Jersey City’s most dynamic neighborhoods. The development will feature 389,720 rentable square feet of residential space, offering a diverse mix of studios, 1-bedroom, 1-bedroom + den, 2-bedroom, and 3-bedroom apartments. Additionally, the project includes 44,551 rentable square feet of office space and 2,965 rentable square feet of retail along the newly extended Homestead Avenue.
“ The Greyson will redefine luxury living in Jersey City, appealing to renters seeking exceptional amenities and prime connectivity as a high-value alternative to Manhattan,” said Michael Sokoloff, a partner at Nasser Freres. “We are thrilled to partner with Walker & Dunlop and TYKO Capital on a project that will not only enhance the skyline but also contribute to the vitality of the Journal Square community.”
The Greyson will boast an array of cutting-edge amenities, including a rooftop pool with Manhattan skyline views, state-of-the-art fitness center, immersive virtual reality and sports rooms, and thoughtfully designed communal spaces. Its strategic location offers residents seamless access to the Journal Square Transportation Center, ensuring connectivity across New Jersey and to downtown and midtown Manhattan. The property will also enhance the neighborhood with a new public pathway linking Newark Avenue and Pavonia Avenue, creating a vibrant and accessible urban experience.
Jersey City continues to attract significant institutional and public investment, including the opening of the Centre Pompidou and the reopening of the historic Loew’s Jersey Theater. These cultural advancements, coupled with the city’s competitive rental market and burgeoning economy, have cemented its status as a top destination for young, high-income renters.
"Jersey City has undergone a remarkable transformation over the past decade, becoming a magnet for residents seeking competitively priced, spacious rental options compared to NYC," said Keith Kurland, senior managing director and co-head of New York Capital Markers at Walker Dunlop. "We are proud to work alongside Nasser Freres to bring The Greyson to life and further elevate the neighborhood."
In 2023, Walker & Dunlop’s New York Capital Markets group sourced capital for transactions totaling nearly $12 billion from non-Agency capital providers. This vast experience has made them a top adviser 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. Our ideas and capital create communities where people live, work, shop, and play. The diversity of our people, breadth of our brand and technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.
The Greyson (Photo: Business Wire)
WASHINGTON (AP) — Venezuelan opposition leader María Corina Machado discussed her country's future with President Donald Trump at the White House on Thursday, even though he has dismissed her credibility to take over after an audacious U.S. military raid captured then-President Nicolás Maduro.
Trump has raised doubts about his stated commitment to backing democratic rule in Venezuela and signaled his willingness to work with acting President Delcy Rodríguez, who was Maduro’s No. 2. Along with others in the deposed leader’s inner circle, Rodríguez remains in charge of day-to-day government operations and was set to deliver her first state of the union speech Thursday.
In endorsing Rodríguez so far, Trump has sidelined Machado, who has long been a face of resistance in Venezuela. She also had sought to cultivate relationships with Trump and key administration voices like Secretary of State Marco Rubio among the American right wing in a gamble to ally herself with the U.S. government.
White House press secretary Karoline Leavitt said Trump had been looking forward to the lunchtime meeting with Machado and called her “a remarkable and brave voice” for the people of Venezuela. But Leavitt also said Trump's opinion of Machado had not changed, calling it "a realistic assessment."
Trump has said it would be difficult for Machado to lead because she “doesn’t have the support within or the respect within the country.” Her party is widely believed to have won 2024 elections rejected by Maduro.
Leavitt went on to say that Trump supported new Venezuelan elections “when the time is right” but did not say when he thought that might be.
Leavitt said Machado sought the face-to-face meeting without setting expectations for what would occur. Machado previously offered to share with Trump the Nobel Peace Prize she won last year, an honor he has coveted.
“I don’t think he needs to hear anything from Ms. Machado," the press secretary said, other than to have a ”frank and positive discussion about what’s taking place in Venezuela.”
Machado spent about two and a half hours at the White House but left without answering questions on whether she'd offered to give her Nobel prize to Trump, saying only “gracias."
After her White House stop, Machado plans to have a meeting at the Senate. Her Washington visit began after U.S. forces in the Caribbean Sea seized another sanctioned oil tanker that the Trump administration says had ties to Venezuela.
It is part of a broader U.S. effort to take control of the South American country’s oil after U.S. forces seized Maduro and his wife at a heavily guarded compound in the Venezuelan capital of Caracas and brought them to New York to stand trial on drug trafficking charges.
Leavitt said Venezuela's interim authorities have been fully cooperating with the Trump administration and that Rodríguez's government said it planned to release more prisoners detained under Maduro. Among those released were five Americans this week.
Rodríguez has adopted a less strident position toward Trump then she did immediately after Maduro's ouster, suggesting that she can make the Republican administration's “America First” policies toward the Western Hemisphere, work for Venezuela — at least for now.
Trump said Wednesday that he had a “great conversation” with Rodríguez, their first since Maduro was ousted.
“We had a call, a long call. We discussed a lot of things,” Trump said during an Oval Office bill signing. “And I think we’re getting along very well with Venezuela.”
Even before indicating the willingness to work with Venezuela's interim government, Trump was quick to snub Machado. Just hours after Maduro's capture, Trump said of Machado that “it would be very tough for her to be the leader.”
Machado has steered a careful course to avoid offending Trump, notably after winning the peace prize. She has since thanked Trump, though her offer to share the honor with him was rejected by the Nobel Institute.
Machado’s whereabouts have been largely unknown since she went into hiding early last year after being briefly detained in Caracas. She briefly reappeared in Oslo, Norway, in December after her daughter received the Nobel Peace Prize on her behalf.
The industrial engineer and daughter of a steel magnate began challenging the ruling party in 2004, when the nongovernmental organization she co-founded, Súmate, promoted a referendum to recall then-President Hugo Chávez. The initiative failed, and Machado and other Súmate executives were charged with conspiracy.
A year later, she drew the anger of Chávez and his allies again for traveling to Washington to meet President George W. Bush. A photo showing her shaking hands with Bush in the Oval Office lives in the collective memory. Chávez considered Bush an adversary.
Almost two decades later, she marshaled millions of Venezuelans to reject Chávez’s successor, Maduro, for another term in the 2024 election. But ruling party-loyal electoral authorities declared him the winner despite ample credible evidence to the contrary. Ensuing anti-government protests ended in a brutal crackdown by state security forces.
Garcia Cano reported from Caracas, Venezuela, and Janetsky from Mexico City. AP Diplomatic Writer Matthew Lee in Washington contributed to this report.
Venezuelan opposition leader María Corina Machado gestures to supporters on Pennsylvania Avenue as she leaves the White House after meeting with President Donald Trump Thursday, Jan. 15, 2026, in Washington. (AP Photo/Pablo Martinez Monsivais)
Venezuelan opposition leader María Corina Machado waves to supporters on Pennsylvania Avenue as she leaves the White House after meeting with President Donald Trump Thursday, Jan. 15, 2026, in Washington. (AP Photo/Pablo Martinez Monsivais)
Venezuelan opposition leader María Corina Machado smiles on Pennsylvania Avenue as she leaves the White House after meeting with President Donald Trump Thursday, Jan. 15, 2026, in Washington. (AP Photo/Pablo Martinez Monsivais)
Venezuelan opposition leader María Corina Machado waves to supporters on Pennsylvania Avenue as she leaves the White House after meeting with President Donald Trump Thursday, Jan. 15, 2026, in Washington. (AP Photo/Pablo Martinez Monsivais)
FILE - U.S. President George Bush, right, meets with Maria Corina Machado, executive director of Sumate, a non-governmental organization that defends Venezuelan citizens' political rights, in the Oval Office of the White House, Washington, May 31, 2005. (AP Photo/Charles Dharapak, File)
FILE - Opposition leader Maria Corina Machado gestures to supporters during a protest against President Nicolas Maduro the day before his inauguration for a third term, in Caracas, Venezuela, Thursday, Jan. 9, 2025. (AP Photo/Ariana Cubillos, file)
