Business Specialties
Manhattan Spec Office Gets $40M Construction Loan
HFF arranged the financing for the 10-story, 34,364-square-foot building. Construction is set to begin next month and the property is slated for completion in 2020.
Manhattan Luxury Hotel Gets $31M Refi
Madison Realty Capital originated the loan for the 81-key GEM Hotel in Chelsea. The sponsor acquired the property, which previously served as a residential building, in 2007.
Hudson Yards Officially Opens in NYC
Related Cos. and Oxford Properties Group formally introduce the largest private real estate development in U.S. history, a brand-new neighborhood on Manhattan’s Far West Side.
Law Firm Signs 100 KSF Lease at 55 Hudson Yards
Boies Schiller Flexner took up four full floors within the 1.3 million-square-foot office building. The firm’s new space also features a 4,000-square-foot café.
JV Acquires German Office Asset
Ares Management Corp. and EDF Invest have teamed up to purchase the 629,688-square-foot IKB office building in Düsseldorf from IKP Deutsche Industriebank.
Opus Welcomes First Tenants to KS Industrial Facility
Gateway Classic Cars and Lanter Delivery Systems Inc. leased a total of 85,000 square feet at the recently completed 56 Commerce Center.
Amerant Bank Provides $10M Refi for FL Shopping Center
Aztec Group arranged the fixed-rate loan on behalf of General Real Estate Corp. The owner recently wrapped up a comprehensive renovation program on the property.
Ft. Lauderdale-Area Marriott Hotel Breaks Ground
The project will feature 171 rooms in a 10-story building located within walking distance of the beach and less than 8 miles from Fort Lauderdale-Hollywood International Airport.
Lincoln Property Completes OC Office Campus Renovation
Katella Office Campus is a two-building, 150,000-square-foot property in Los Alamitos, Calif. The developer used a $21.2 million construction loan to implement the upgrades.
RPT Realty Sells 2 WI Shopping Centers for $69M
The firm sold The Shoppes at Fox River in Waukesha and East Town Plaza in Madison. Proceeds will go towards funding the firm’s value creation initiatives and reducing leverage.