Finance
Monmouth Lands Larger, Extended Revolving Credit Facility
The New Jersey-based net-lease industrial REIT negotiated a total of $300 million in unsecured credit, along with an accordion feature, extended maturities and interest-rate swap.
Ryan Cos. Gets $55M for Phoenix Office Asset
The LEED Gold building in the Camelback Corridor sold for a record $306 per square foot.
New Jersey Retail Center Scores $32M Refi
The Hampshire Cos. owns the asset, Veterans Square Town Center, which is anchored by a ShopRite store.
Orange County Developer Lands $110M for Retail Portfolio
The portfolio comprises 12 Class A retail properties located in Newport Beach, Laguna Beach, Yountville and Corona Del Mar.
Thor Equities Secures $92M Refi in Brooklyn
The property owner will use the mortgage to retire a $90 million prior debt on 180 Livingston St.
Columbia Investments Pays $135M for Ohio Mixed-Use
Citibank and Kawa provided part of the financing for the acquisition of Austin Landing.
Los Angeles Adaptive Reuse Scores $119M Loan
GPI Cos. will convert a former Macy’s store into creative Class A office space.
Trimont Global CEO: Commit to Disciplined Capital Allocations
Brian Ward discusses current risks in the lending environment and shares his views on effective management strategies at this late point in the economic cycle.
Blackstone Lines Up $140M Refi for Houston’s GreenStreet
The 617,000-square-foot property featuring office, retail and entertainment space is within walking distance of the George R. Brown Convention Center.
West Palm Beach Retail Asset Sells for $24M
Kohl’s and Dick’s Sporting Goods are the long-term anchor tenants of the 200,000-square-foot property.