Business Specialties
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.
NAI Hanson Arranges 2 Leases for New Jersey MOB
The property stands three stories totaling 68,000 square feet in Clifton, N.J.
Hines Adds Law Firm at Houston Office Building
NAI Partners brought a new tenant to the 167,000-square-foot, LEED Gold-certified property.
New York Halts Non-Essential Construction
Governor Cuomo’s order exempts affordable housing, hospitals and several other categories.
Lincoln Property Brings Tenant to Atlanta-Area Office Park
A financial services company will occupy 27,505 square feet within TerraCap Management’s Huntcrest Commerce Center in Lawrenceville, Ga.
Report: Employment Trends in the Energy Sector
The U.S. Energy and Employment Report found that the energy sector employed more than 8.2 million Americans in 2019. The COVID-19 pandemic instills uncertainty in the sector.
Kennedy Wilson Extends $500M Credit Facility
The global real estate investment company’s wholly owned subsidiary amended and restated the agreement with a nine-bank consortium headed by Bank of America as administrative agent.