Finance
Hudson Advisors Sells Chicago-Area Office Building
The new owners financed the acquisition of the 141,186-square-foot asset through a $9.6 million loan from Calmwater Capital.
Blackstone Closes Largest Real Estate Fund Ever Raised
Blackstone Real Estate Partners IX has raised $20.5 billion in total capital commitments, with the largest investment placed in Global Logistic Properties’ U.S. industrial portfolio.
Angelo Gordon Raises $1.3B for Asia Fund
The alternative investment firm will target value-add and development opportunities primarily in Japan, South Korea, Hong Kong and mainland China.
Hersha Hospitality Refinances $300M Term Loan
The REIT took advantage of the interest rate environment to fix or hedge most of its outstanding debt in recent months, including refinancing two Manhattan hotels.
London Mixed-Use Tower Lands $121M Loan
LaSalle Investment’s Real Estate Debt Strategies III fund financed Manhattan Loft Gardens, a 42-story hotel and residential tower.
Vintage New Jersey Mall Eyed for 21st-Century Makeover
With a $73 million loan in hand, Advance Realty Investors will transform an early-1970s property into a modern open-air center.
East Bay Office Asset Scores $113M in Financing
The nine-story Perkins + Will-designed property that recently came online is fully leased to a life sciences tenant roster including six companies.
Los Angeles Industrial Asset Commands $104M
Westcore Properties sold a 543,000-square-foot facility in Santa Fe Springs, Calif. With this acquisition, the buyer’s industrial portfolio in the metro increased to 2.2 million square feet.
San Diego Office Portfolio Trades for $16M
JLL represented LBA Realty in the disposition of two single-tenant assets totaling 60,139 square feet.
How Trade Wars Affect CRE, the Economy
How do trade policies affect the real estate industry? Economist Hugh Kelly surveys lessons from economic history and looks ahead to the likely impacts.