Business Specialties
REIT Sells Two Office Assets for $42M
Office Properties Income Trust’s proceeds from the two office sales in New Jersey and Illinois will be used for general business purposes, including repaying debt.
CIT Bank, BlackRock Originate $163M Loan Package for Industrial Portfolio
The Arden Group used the financing to assemble a 2.1 million-square-foot, 12-property portfolio across multiple states.
Swift Sells Downtown Sacramento Office Building
Cushman & Wakefield orchestrated the sale of the five-story property to New York Life Real Estate Investors five years after it last traded.
Fed Slashes Rates Again as Coronavirus Pressure Mounts
The central bank is set to keep rates close to zero until the economy shakes off the effects of the outbreak.
Thor Equities Acquires Life Sciences Building for $95M
SJP Properties sold the legacy manufacturing property in downtown Jersey City, N.J.
Miami Self Storage Portfolio Commands $44M Refi
Värde Partners provided the note for the three facilities, while Newmark Knight Frank represented the borrower.
Noble Investment Pays $58M for Nashville Hyatt
Truist Bank provided $52.1 million in acquisition financing for the newly opened hospitality asset.
Suburban Philadelphia Self Storage Asset Trades for $13M
After an expansion in 2016, the facility changed hands for nearly four times the price it had sold for in 2013.
Renewable Energy and the COVID-19 Factor
The pandemic has little-discussed implications for the supply chain that powers alternative energy projects in the U.S. and around the world.
Nareit’s Calvin Schnure on Coronavirus Effects
Commercial and multifamily real estate are showing signs of resilience, thanks in part to long-term leases, says Nareit’s chief economist.