Business Specialties
CBRE Orchestrates $380M Financing Deal for NYC’s Chelsea Market
The popular NYC destination Chelsea Market underwent a $380M financing deal orchestrated by CBRE for Jamestown Properties.
HFF Engineers Sale, Acquisition Financing for 5-Property Houston Office Portfolio
HFF has wrapped up the disposition of the approximately 347,300-square-foot Westridge Realty Partners office-building portfolio in Houston.
JLL Wins 15.4 MSF Industrial Portfolio Management Assignment from IndCor
Jones Lang LaSalle becomes the latest commercial real estate services firm to snag an industrial-portfolio management contract from IndCor Properties with a 15.4 million-square-foot signing.
Hudson Realty and Partners Nab $139M FDIC Colorado Loan Portfolio
Hudson, Soundview and JCR acquired 97 loans on commercial and residential assets from a FDIC structured sale, collateralized by $139 million of properties across Colorado.
Meridian Capital Obtains $85M in Financing for Hotel Chelsea
The Hotel Chelsea gets a new owner and a new plan for a makeover with an $85 million financing package orchestrated by Meridian Capital Group L.L.C. on behalf of the Chetrit Group and Clipper Equities.
Sabey Data Center Properties Buys Manhattan’s Verizon Building for $120M
Sabey Data Center Properties entered the data center-hungry metropolitan New York market with the closing of a $120 million acquisition of a 29-floor condominium interest in the 32-story Verizon Building, with plans to transform the space into a premier data center location.
Economy Watch: Wall Street Tanks, but Hiring Improves (a Bit) in July
This morning’s jobs number showed a slight improvement, while commodities have followed stocks into negative territory. Commercial real estate prices aren’t rising–but at least they aren’t falling.
Pebblebrook, Denihan Complete JV on $910M NYC Hotel Portfolio
Pebblebrook Hotel Trust and Denihan Hospitality Group have wrapped up a joint venture that recapitalized a portfolio of six Denihan-owned hotels in Midtown valued at $910 million.
Cassidy Turley Awarded 7.4 MSF Leasing Assignment for ProLogis in Cincinnati
Cassidy Turley is ramping up its Midwest efforts of late, landing a 7.4 million-square-foot industrial portfolio in the Greater Cincinnati and Northern Kentucky areas.
Hines, New York Retirement Fund Create $1B Office JV
Hines and the New York State Common Retirement Fund have formed a joint venture, Hines Corporate Properties II, that has been capitalized with $500 million of equity and will allow for the investment of more than $1 billion.