Business Specialties
Nashville Holiday Inn Sells for $118M
The buyer, Highland Capital Management, assumed three CMBS loans taken by the seller between 2016 and 2017 and totaling $72.5 million.
New York Life Acquires Atlanta Office Tower for $166M
Crocker Partners sold the 433,000-square-foot Prominence in Buckhead. The asset is scheduled to undergo a capital improvements plan to upgrade the lobby, amenities and common areas.
How the Volatile Stock Market Impacts CRE Investment
To understand the current situation, CBRE’s global chief economist highlights two previous economic implosions, which took place under conditions similar to today’s but had substantially different outcomes.
REITs 2019 Outlook: Ready to Outperform
A Timbercreek report identifies five factors favoring REITs this year, including an expected increase in allocations to real estate and resilient earnings growth.
Santa Monica Retail Receives $10M Refi
NorthMarq’s Los Angeles office secured the permanent fixed-rate loan through a CMBS lender. The approximately 16,000 square feet retail space is located in the city’s shopping district.
ShopOne Centers REIT Enters DC Market
The company continued its growth along the Interstate 95 corridor with the acquisition of Eastgate Shopping Center in Lanham, Md.
Renshaw Brings Net Lease Trading Into the Digital Age
The B+E online trading platform allows both digitally minded and old-school buyers and sellers to leverage an enormous amount of data for decisionmaking.
First-Ever Marriott, Sheraton Hotel Takes Shape in TX
The dual-branded hotel in Amarillo, Texas, will be converted from an existing 229-key property. Mission Capital arranged financing for the project on behalf of developer Ram Hotels.
Madison International Invests in Norway’s Largest Urban Development
The firm purchased the majority of Bjørvika’s ground-level assets totaling roughly 409,000 square feet. This marks Madison International’s third acquisition in the country.
Berkadia Finances Cleveland US Bank Center
The $33.2 million loan features a 10-year fixed rate and a 67 percent loan-to-value ratio and was secured on behalf of The Wolstein Group.