Finance
TerraCap Purchases Charlotte Office Portfolio for $59M
The three buildings contain nearly 340,000 square feet of Class A space in the city’s University submarket.
$1.1B Refi for NYC Tower Said to Be Near
A deal reportedly in the works would allow Fosun to remain sole owner of the 60-story office property in Manhattan’s Financial District.
CAI Investments Secures $87M for Arizona Hotel
The 18-story, 290-key Westin in downtown Tempe is slated to open in the second quarter of 2021.
Top Tips for the Small-Business Loan Search
Thomas Chavez of Sunwest Bank on strategies for borrowers, what’s ahead in the lending environment and common mistakes to avoid.
Harrison Street Closes Fund With $4B in Buying Power
The opportunistic investment vehicle exceeded its original target and reached its $1.3 billion hard cap.
Ares Management Closes European Fund at $2B
The amount marks the largest real estate private equity fundraise to date for the global firm.
What the Inverted Yield Curve Means for CRE
Recession fears loom with investors piling into long-term government bonds, but the implications for commercial property are a mixed bag.
Historic New Orleans Hotel Lands $46M Refi
The refinancing for the hotel in New Orleans’ French Quarter will be used to pay off debt and renovate the property.
IPO Filing Reveals Costs of WeWork’s Growth Spree
The flexible office giant’s parent firm revealed that the company lost more than $900 million in the first six months of 2019, while revenue doubled to $1.54 billion.
Miami Mixed-Use Project Scores $13M Loan
Coral Rock Development Group and Arena Capital Holdings landed construction financing for the retail portion of a mixed-use project in Hialeah, Fla.