Finance
The Struggle Between Capital and Interest Rates
At DLA Piper Summit’s plenary session, industry veterans from Allianz Real Estate, Blackstone, USAA, Brookfield and Ventas reflected on the relationship between shrinking interest rates and the trainloads of capital looking for suitable opportunities.
Financing Paves Way for 550 KSF Dallas Mixed-Use
JMJ Development landed a $32.5 million loan for the purchase of a 2.5-acre site where it plans to build a hotel and residential tower.
Natixis Introduces Green Weighting Factor
This makes Natixis the first bank in the world to adopt a tool that actively manages the climate impact of its balance sheet, going beyond reporting.
National Instruments Sells Austin Office Asset for $35M
The buyer is a discretionary institutional commercial real estate fund formed in 2012, represented in its first foray into the market by Madison Marquette.
Multi-State Office Portfolio Scores $455M in Financing
Brookwood Financial Partners utilized the funds to recapitalize 27 properties totaling more than 4 million square feet of suburban space.
Las Vegas Mixed-Use Moves Ahead With $150M Loan
Mosaic Real Estate Investors provided the construction loan for Matter Real Estate Group’s first phase of its UnCommons development. Plans call for office, retail space, restaurants and a residential component.
Best Bets for Getting Financed
Debt capital remains abundant, but emerging developers and investors have a harder time tapping into the flows. Seasoned investment bankers offer successful strategies for getting financed now.
JV Acquires Cincinnati Retail Space
Konover South, Zucker Investment Group and Truett Realty Group purchased a 3,651-square-foot ground-floor space located around Hyde Park Square.
Metro Self Storage Scores $123M in Refis for 22 Assets
Talonvest Capital Inc. arranged the loans in two separate notes that each featured a 3.19 percent interest rate and 10 years of interest-only payments.
Brooklyn Mixed-Use Asset Scores $76M Acquisition Loan
Isaac Hager of Cornell Realty Management and developer Lipa Rubin purchased the hotel and multifamily asset, which was completed in 2016.