Business Specialties
Apollo Commercial Provides $250M for Manhattan Office Project
The finance REIT’s loan is part of the $479 million construction financing package backing Cove Property Group’s Hudson Commons, a 700,000-square-foot office redevelopment and repositioning endeavor in the Hudson Yards/Penn Station submarket.
New Bronx Hotel Developments Land $18M
Meridian Capital Group arranged a 24-month construction loan featuring full-term, interest-only payments for the development of a Best Western and Sleep Inn hotels.
Kimco Begins $186M Staten Island Redevelopment
A redevelopment of the former Hylan Plaza shopping center—the 460,000-square-foot “The Boulevard”—is scheduled to open in early 2020.
CBRE: Mideast CRE Spending Tops $10B
The U.S. was the top destination year-over-year as of the second quarter, with volume reaching $3.9 billion.
Manhattan Tower Lands $479M Construction Financing
Cove Property Group teamed up with an institutional partner to redevelop Hudson Commons into a 700,000-square-foot trophy office building. HFF arranged the loan through affiliates of Apollo Global Management.
KBS REIT Snares $1B Financing Commitment
BofA, Wells Fargo and U.S. Bank were the joint lead arrangers of the three-year facility, which marks the largest single financing transaction in the company’s history.
Maximizing Value: Why Corporate Sale-Leasebacks Are a Win-Win for Investors, Occupiers
Faced with uncertainty regarding interest rates, tax reform and other critical issues, investors are looking to take advantage of the current low interest-rate environment and deploy capital.
JV to Deliver 650 MW of Onshore Wind to Sweden
GE and Green Investment Group have partnered to deliver what will become the largest single site onshore wind farm in Europe, estimated to increase Sweden’s installed wind generation capacity by more than 12.5 percent.
Construction Begins on Miami’s Wynwood Walk
Thor’s mixed-use project will feature a mix of retail and restaurant space with a green rooftop, paseo and a landscaped terrace with outdoor seating.
Seda Packaging Renews WI Lease with HSA Commercial
The 61,162-square-foot space for which the agreement was signed is part of a multi-tenant industrial building within Park 94 in Mount Pleasant, Wisc.