Finance
Q&A With CBRE’s Brian Stoffers
CBRE’s global president of Debt & Structured Finance weighs in on the capital markets’ current environment and recent actions by the Fed.
Construction Costs Continue to Rise in 2020
Even before challenges presented by the coronavirus pandemic, high construction costs were making some deals impossible to pencil.
Marcus & Millichap Acquires Dallas Finance Firm
The brokerage heavyweight is growing in the Southwest with the acquisition of debt and equity specialist Metropolitan Capital Advisors.
Howard Hughes Corp. Lands $137M Loan for Houston Asset
The company secured the financing for one of the two high-rises within The Woodlands Towers at The Waterway in The Woodlands, Texas.
Philadelphia Grocery-Anchored Retail Center Lands Refi
AXA Equitable Life Insurance Co. provided the five-year, fixed-rate loan.
Americold Refinances $1.2B+ Unsecured Credit Facility
The transaction expands the REIT’s borrowing capacity and reduces its cost of capital, while extending debt maturities and increasing liquidity.
Iconic Manhattan Skyscraper Lands $510M Refi
Wells Fargo Bank provided the floating-rate loan for the revamped 120 Broadway building.
April Fool’s Day 2020: No Joke for Borrowers, Loan Servicers
What happens when the COVID-19 shutdown triggers missed payments on CMBS and CLO loans? An analysis from BlackEagle Real Estate Partners’ Debra Morgan and Paul Fiorilla of Yardi Matrix.
Jernigan Capital Lands Expanded, Extended Credit Facility
The self-storage owner/lender’s new credit facility adds $140 million to its predecessor’s total value, more than a year to its maturity and three new banks to the lending syndicate, all while trimming credit spreads.
Kennedy Wilson Extends $500M Credit Facility
The global real estate investment company’s wholly owned subsidiary amended and restated the agreement with a nine-bank consortium headed by Bank of America as administrative agent.