Business Specialties
FEMA’s Largest Infrastructure Grant Awarded to Puerto Rico
Puerto Rico is estimated to receive nearly $13 billion destined to help rebuild its electrical grid system and drive the recovery of the local education system.
Directed Capital Closes 10th Fund at $92M
The close of the company’s latest distressed assets fund follows on the heels of new credit facilities totaling $100 million.
PGIM Real Estate Adds $700M Industrial Portfolio
Acquired through a recapitalization with the existing ownership, the national portfolio includes 30 buildings totaling 5.4 million square feet across five key markets.
Padres, Tishman Speyer JV Tapped for $1.4B San Diego Redevelopment
The development team could break ground on the 2 million-square-foot project as early as 2023.
Seefried JV Delivers 1 MSF Orlando-Area Amazon Warehouse
In April, the developer received a $68.5 million construction loan from Wells Fargo for the project.
Amazon Buys Northern Virginia Hotel for HQ2 Phase Two
An Amazon subsidiary purchased a Pentagon City, Va., hotel from Blackstone Group for $148.5 million, clearing the way for the e-commerce giant’s second U.S. headquarters.
Morgan Stanley Advances Sustainability Commitments
The financial entity aims to reach net-zero financed emissions by 2050, joining many of its clients in this strategic goal.
Duke University Signs Up for 101 MW of Solar With Duke Energy
The power will be generated at three solar facilities, which are yet to be built under Duke Energy’s Green Source Advantage program.
VanTrust Sells Las Vegas Warehouse for $89M
Massachusetts Mutual Life Insurance Co. provided acquisition financing for the 715,000-square-foot property.
Blackstone Closes Record $8B Credit Fund
Blackstone Real Estate Debt Strategies IV, which will lend flexible capital around the world, launched in 2019, three years after the predecessor fund closed with $4.8 billion in commitments.