Business Specialties
China’s Lessons Offer Hope for US Logistics
The warehouse sector’s 4.6 percent vacancy rate should help it weather slowing activity, according to Prologis.
SRS Real Estate Closes Orange County Retail Sale
Chase Bank occupies the newly constructed, single-tenant property in Anaheim, Calif.
Americold Refinances $1.2B+ Unsecured Credit Facility
The transaction expands the REIT’s borrowing capacity and reduces its cost of capital, while extending debt maturities and increasing liquidity.
High Street Retail in West Hollywood Trades for $21M
Blatteis & Schnur of Los Angeles purchased the storefront on Melrose Avenue that is currently leased to Lululemon and Joe & The Juice.
Iconic Manhattan Skyscraper Lands $510M Refi
Wells Fargo Bank provided the floating-rate loan for the revamped 120 Broadway building.
Bracing for a Wave of Missed Retail Rents
Many stores and chain restaurants are unable to meet their lease obligations amid coronavirus-related closures.
April Fool’s Day 2020: No Joke for Borrowers, Loan Servicers
What happens when the COVID-19 shutdown triggers missed payments on CMBS and CLO loans? An analysis from BlackEagle Real Estate Partners’ Debra Morgan and Paul Fiorilla of Yardi Matrix.
Jernigan Capital Lands Expanded, Extended Credit Facility
The self-storage owner/lender’s new credit facility adds $140 million to its predecessor’s total value, more than a year to its maturity and three new banks to the lending syndicate, all while trimming credit spreads.
Canadian Firm Buys Chicago MOB
Mohawk Asset Management Corp. purchased the 30,000-square-foot Portage Park Medical Office Building from the fully leased property’s lead tenant.
Tropicana Las Vegas to Sell in $338M Leaseback Deal
The deal is set to provide Penn National Gaming with more liquidity during the coronavirus outbreak.