Business Specialties
McSam Hotel’s Planned Queens Asset Lands $17M Loan
The owner used the loan for the acquisition and completion of a partially constructed hotel in the borough’s Long Island City neighborhood.
JLL Brokers Sustainably Designed Self-Storage Sale
The 951-unit, Class A facility, Ben White Self Storage, received a four-star rating from the Austin Energy Green Building program.
California Shopping Mall Goes Solar
Hanford Mall is now powered by a 1.6-megawatt rooftop solar system able to generate almost 3 million kilowatts of clean energy annually.
Northwood Buys NYC Office Tower for $305M
The seller, Chinese conglomerate HNA Group, reportedly faces a looming liquidity crisis and is looking to dispose of $16 billion in assets worldwide.
Luxury Sarasota Resort Commands $171M
Ashford Hospitality Prime has agreed to purchase the 266-key Ritz-Carlton hotel, reflecting the REIT’s strategy of acquiring institutional-quality assets in high-growth markets across the U.S.
HFF Arranges $160M Sale, Loan for Philly Office Tower
Acting on behalf of Equity Commonwealth, the firm arranged the disposition of the 826,000-square-foot building at 1600 Market St., and secured acquisition financing for the buyer, an affiliate of American Real Estate Partners.
Gramercy Sells $43M FL Office Portfolio
Plantation Corporate Center I and II comprise just under 240,000 square feet of rentable space and are leased through 2021.
C&W Tapped to Lease Tampa Industrial Park
The 166,680-square-foot asset, situated next to Tampa International Airport, includes four buildings that opened last year, following major renovations.
2018 MBA CREF/Multifamily Housing Conference Coverage
Mortgage Bankers Association members convened in San Diego to learn and network at the CREF/Multifamily Housing Convention & Expo. Read our 2018 coverage here.
Mortgage Bankers Display Increasing Agility in 2018
In an exclusive interview with Commercial Property Executive, NorthMarq Capital Executive Vice President Jeffrey Erxleben discussed the evolving commercial real estate lending landscape at last week’s MBA CREF/Multifamily Housing Convention & Expo in San Diego.