Finance
Suburban Portland Office Property Changes Hands
National Loan Acquisitions Co. paid $6.5 million for the Tigard property.
Portland Office Development Changes Hands
ACORE Capital provided the buyer of the 191,500-square-foot project with nearly $100 million in acquisition financing.
Bay Area AC Marriott Lands $43M Construction Loan
CBRE secured a non-recourse, floating-rate loan through ACORE Capital for the 140-key lodging project in San Rafael, Calif.
Kennedy Wilson Lands $300M Equity Investment
The strategic move is in the form of a perpetual preferred equity investment in the company by affiliates of Eldridge Industries.
Cardinal Point Cashes In on Tampa’s Growing Industrial Demand
JLL orchestrated the $47.1 million sale of the 580 Corporate Center in Oldsmar, Fla., and arranged financing for the buyer.
MetLife Funds $125M Long Island Office Refi
The joint venture ownership has invested millions of dollars to upgrade the complex in Lake Success, N.Y.
5 Forces Directing CRE Capital Flows
Investors are driven in part by the reinvention of real estate, said Allianz’ Karen Horstmann at the New York University Schack Institute’s annual Women in Real Estate Symposium.
BPM Buys 2 California Office Assets for $120M
In two separate transactions, the company acquired a 117,739-square-foot asset in San Jose and a 109,948-square-foot building in Aliso Viejo.
Few Economists See Downturn Despite Waning Growth Outlook
Most participants at the National Association of Business Economists meeting in Denver were sanguine about the prospects for the U.S. economy.
Atlanta Office Asset Scores $21M Refi
NXT Capital secured the financing for a Class A property in the Cumberland/Galleria submarket.