Business Specialties
Revel Resort Nails Down $150M in Additional Financing
Revel AC, the parent company of Revel, the newest popular resort and casino in Atlantic City, N.J., has completed an amendment to its existing revolving credit facility with JP Morgan Chase Bank N.A. as administrative agent and the participating lenders and financial institutions.
Rosemont Buys 381 KSF Nashville Office Complex
Rosemont Realty just increased its footprint in the Nashville, Tenn., office market by 381,000 square feet with the acquisition of Lakeview Place.
Indian Residential Market to Shine Stylishly via Swarovski Brand
Gateway Towers I is the latest Indian property to try and dazzle luxury seekers by associating itself with bedazzling brand giant Swarovski.
Retail Opportunity Investments Acquires $114M Grocery Anchored Portfolio
Retail Opportunity Investments Corp. has closed on three shopping centers and has a binding contract to acquire a fourth in a $114 million acquisition encompassing approximately 444,000 square feet of gross leasable space in Southern Calif.
January – Briefs/Sales & Development
Hines, Boston Properties Acquire San Fran Development Site; American Campus Communities Announces $862.8M Buy; TCC, Clarion, Rosewood Begin 1 MSF Industrial Complex; RLJ Lodging Enters Boston with $64.5M Buy; Vornado to Sell Green Acres Mall for $500M; Kennedy Wilson Buys North Hollywood Office for $48M; Hyatt Announces Bangkok Hotel; Zeckendorf Breaks Ground on $500M Condo.
January – Briefs/Finace
Vornado Completes $950M Refi; Joshua Green Corp. Invests $200M in Urban Renaissance Group; SL Green Closes $1.6B Facility; U.S. Bank Closes $54M in Construction Loans; HFF Arranges $45M for San Diego M-F Development; Cassidy Turley Secures $181M for Trophy D.C. Office; Sterling Capital Lands $70M Refi.
Suburban Philly, Oklahoma City Retail Assets Totaling 777 KSF Reel in $103M
Not all commercial real estate investors are in a San Francisco, Washington, D.C., or New York state of mind. Premier assets in non-premier locations like Deptford Landing in Deptford, N.J., and The Shops at Moore in Oklahoma City, Okla., have moved up higher on buyers’ radar.
Local Investors Purchase 190 KSF Building in Dallas’ Historic West End
A group of local investors headed by Slingshot Advertising CEO Owen Hannay has acquired 501 Elm Place, an approximately 190,000-square-foot landmark building in the heart of Dallas’ West End District, from a German investor group represented by International Capital.
Blue Rock Grabs $66M M-F Portfolio in Fla.
Blue Rock Partners in a JV with Konover South continues to boost its multi-family holdings with the acquisition of a three-community portfolio consisting of 1,218 units in Florida for $66 million.
$78M Refinancing Deal Secured for M-U West Hollywood Property
For the refinancing of the right properties in the right locations, lenders made loans left and right this year, and The Sunset in West Hollywood, Calif., is among the assets to benefit from the favorable financing opportunities.