Business Specialties
Marriott Secures $1.5B Revolving Credit Facility
The hotel giant expects the new financing to help with liquidity as it grapples with closed hotels and declining RevPAR and occupancy rates.
JLL Arranges Atlanta-Area Retail Center Acquisition
DLC Management Corp. paid $12.8 million for the 88,646-square-foot Five Forks Corners in Lilburn, Ga.
BLT Enterprises Buys 2 Hollywood Assets for $20M
The acquisition includes a production and entertainment office compound and a creative office project.
Spirit Realty Capital Closes on $100M Loan
The REIT completed the incremental financing under the accordion feature of its recently announced $200 million unsecured term loan facility.
American Personal Storage Sells Miami-Area Asset
The company sold the recently renovated 602-unit facility for more than $7 million, public records show.
Jacksonville Office Asset Lands $20M Refi
JLL Capital Markets arranged the floating-rate bridge loan for the company’s One Deerwood office building in the city’s Butler/Baymeadows submarket.
WCRE Adds Tenant at Philadelphia-Area MOB
A dermatology practice has leased more than 5,000 square feet at a 32,485-square-foot building in Haddon Heights, N.J.
Marcus & Millichap Arranges Sale of Boston-Area Walgreens
Glen Kunofsky, Josh Kanter, and Anthony D’Ambrosia represented the seller, while Adam Friedlander assisted the buyer.
The Debt, the Deficit and Commercial Real Estate
Concerns about the federal debt are taking a back seat in the COVID-19 crisis. Paul Fiorilla of Yardi Matrix offers a deep dive into the implications for commercial real estate finance.
New York City’s Recovery: Can History Help Estimate the Timeline?
A Newmark Knight Frank report takes a close look at inflections and recoveries in the city’s office sector during previous periods of decline.