Finance
CapRidge Sells Charlotte Office Property for $36M
Synovus Bank provided the buyer of the 173,000-square-foot asset with nearly $25 million in acquisition financing.
Las Vegas Office Building Trades for $19.5M
Pacific Oak SOR II sold the Class A asset acquired four years ago by KBS Realty Advisors for $13.4 million, according to Yardi Matrix data. Pacific Oak recently took over three REITs established by KBS.
CoreSite Boosts Borrowing Capacity to $1.2B
The multi-lender arrangement extends the data center REIT’s debt maturity profile and expands its credit facility.
Denholtz Properties Expands Florida Footprint
The firm secured $20.6 million in financing from BankUnited for the acquisition of Deerfield Corporate Park.
Innovo Property Group Closes $438M Recap in Queens
The firm brought in a Hong Kong-based equity partner for a 830,000-square-foot mixed-use asset.
Avison Young Brokers Sale in Growing Submarket
The firm’s Florida Capital Markets Group handled the sale of two multi-tenant industrial buildings totaling 59,687 square feet and located in Coral Springs.
Twain Financial Secures Financing for Chicago Historic Building
The $18 million in Federal Historic Tax Credits will help restore the former Chicago & North Western Railway Company Building.
DSC Procures $138M Loan for Maryland Portfolio
Citizens Commercial Banking served as the lead-left bank and administrative agent for the transaction.
Shorenstein Properties Obtains $350M for Iconic Manhattan Address
Barclays provided the refinancing for 1407 Broadway, a 43-story office building designed by Ely Jacques Kahn and developed in 1950.
Sonnenblick-Eichner Lines Up $55M Refi for LA Assets
The fixed-rate first mortgage financing is secured by three office buildings and a retail property within the Continental Park mixed-use development in El Segundo, Calif.