Finance
Black Salmon JV Obtains $45M Loan for Orlando Tower
JLL Capital Markets arranged the financing for a 21-story office building in the city’s central business district.
Kimco Realty Sells 2 Phoenix Shopping Centers
The REIT traded the 307,000-square-foot portfolio for nearly $27 million, with the buyer securing acquisition financing from CIBC Bank.
Harbor Group Closes on $372M Jersey City Office Buy
The LeFrak Organization sold the 861,000-square-foot waterfront asset, with Morgan Stanley leading the $251 million acquisition financing.
JBG Smith Recasts $1B Revolver
The company is the developer of National Landing, Amazon’s campus in Arlington, Va.
Lincoln Property JV Buys Atlanta Power Center
The 458,740-square-foot retail asset is approximately 2 miles south of Kennesaw State University.
Last Day to Enter: 2020 CPE Distinguished Achievement Awards
We’re accepting submissions for our annual awards program honoring the best in the industry. We have decided to keep our early-bird prices for the whole submission process, and the deadline has been extended to July 15th.
Sears Trades 1.4 MSF Memphis Industrial Asset
The new owner intends to begin capital improvements to the 1973-built property.
Phoenix’s Biltmore Center Sells in Landmark Deal
The $212 million deal marks the largest multi-tenant office sale of the past 12 months and the fourth-largest in the metro’s history.
Boston-Area Retail Center Gets $8M Refi
JLL arranged the long-term loan for Quincy & Co., which has been the owner of the property since 2014.
R&B Realty’s Miami Spec Project Moves Forward
3650 REIT provided $76 million in financing for the Class A office and retail property in the emerging Wynwood neighborhood.