Finance
USAA Real Estate Lands $72M Refi for Miami-Area Towers
With the assistance of JLL Capital Markets, the company obtained a four-year loan from Värde Partners.
LSC Development Lands $60M Refi for New York Storage Assets
The four-year, non-recourse bridge loan encumbers three facilities encompassing nearly 312,000 square feet on Long Island.
New Study Aims to Crack Cap Rate Code
The model is based on the unemployment rate and the flow of commercial mortgage debt, metrics that are a proxy for U.S. economic performance and capital flows into commercial real estate.
Report: Global Institutions Spend More on Real Estate
The annual survey by Hodes Weill & Associates and Cornell University also found that confidence by institutional investors was up for the third straight year.
CAM Investments Pays $81M for Phoenix Industrial Asset
The two-building, 603,903-square-foot industrial property in Mesa came online earlier this year.
Amazon-Leased Queens Project Lands $316M Loan
JPMorgan Chase originated financing for LBA Logistics and RXR Realty’s 1.1 million-square-foot facility.
JLL Arranges $18M Loan for San Francisco-Area Manufactured Homes
Hometown America received the 10-year Fannie Mae acquisition financing for a 200-site community in Hayward, Calif.
Stanford University Sells Office Asset for $123M
Capital One originated a five-year, $69.5 million loan for the purchase of the 85,420-square-foot building.
Getting the Deal Done
Not all acquisition financing is created equal, as the quest for debt capital is influenced by both uncertainty and the flight to quality.
Transactions: December 2020
A selection of noteworthy deals announced between October 1 to 23, 2020.