Finance
CRE Loan Maturities Cushioned by Willing Lenders
With yield-hungry investors and lenders competing for their business, owners of preferred assets will find refi options aplenty.
Transactions: April 2021
A selection of noteworthy deals announced between January 1 February 15, 2021.
Empire State Realty Trust Gets $850M Credit Facility
The new four-year credit agreement, which replaces a facility set to expire this summer, has options for two six-month extensions.
DC BLOX Breaks Ground in Greenville, SC
The initial phase is slated to bring five high-paying jobs, while the long-term investment in the facility is expected to reach $200 million.
Will CRE Benefit From the $2T Infrastructure Plan?
Commercial real estate, clean energy and construction experts assess President Biden’s wide-ranging proposals.
Granite Buys 1 MSF Greater Atlanta-Area Industrial Facility
The REIT also upsized its credit facility to $1 billion and extended its maturity date by five years.
Silicon Valley Office Asset Trades for $35M
An entity affiliated with Vien Thao Media acquired the six-building property in Milpitas, Calif.
Duke Realty Refinances $1.2B Credit Facility
The industrial REIT’s amendment and restatement agreement includes new terms that allow for a potential increase of as much as $800 million.
WeWork Merger Highlights Real Estate SPAC Surge
The flexible office giant aims to go public using an increasingly popular maneuver in the property and proptech industry.
Analysis: Big Government Spending Creates Opportunities, Worries for CRE
Yardi Matrix Research Director Paul Fiorilla and leading economists look inside the recent and forthcoming “go-big” packages.