Finance
Boutique DC Hotel Receives $18M Loan
The mortgage refinances an existing acquisition and renovation loan. Less than two years ago, the borrower completed an $800,000 upgrade at the property.
CBRE Lines Up $93M Refi for Los Angeles Office Portfolio
On behalf of LaSalle Investment Management, the firm secured a loan through a life insurance company for a 180,000-square-foot collection of properties.
SoCal Solar Project Adds Capital Dynamics as Equity Partner
The 400MW solar project with a 300MW/1,200MWh storage center will have developer 8minute Solar Energy provide clean energy to more than 1 million people throughout Los Angeles County.
Swift Real Estate Lands $112M Refi for San Diego Campus
CBRE Capital Markets secured the floating-rate loan with Annaly Commercial Real Estate Group.
Hines JV Obtains $870M Loan for Boston Redevelopment Project
The developers are planning to convert the city’s historic South Station transit hub into a 1.9 million-square-foot commercial and residential project.
Clarion Partners Gets $40M for West Palm Beach Retail Asset
The BJ’s Wholesale Club-anchored, 232,727-square-foot shopping center was more than 95 percent leased at the time of the sale.
Bottleworks District Project Lands $59M Construction Loan
The $260 million project will include a hotel, retail and office space, apartment units and condos.
Akara Partners Lands $57M Refi for Chicago Hotel
The company will use the proceeds to refinance the construction loan on the extended-stay Home2Suites by Hilton downtown property.
Buchanan Street Secures Refi for Houston Office Asset
The loan will retire existing acquisition debt the firm took out in 2017.
Interest-Only Loans May Prove Risky―Eventually
How interest-only loans and other concessions could become weaknesses for commercial real estate when interest rates rise and property values decline.