Finance
JV Acquires Raleigh-Area Power Center for $53M
Collett Capital and Long Warf Capital purchased the 321,000-square-foot retail asset. HFF arranged acquisition financing on behalf of the borrower, which plans to upgrade the property.
“Darth Vader Building” in Downtown WPB Sells for $98M
CBRE brokered the sale of the Class A, 294,000-square-foot office tower that last traded in 2016. Northbridge Centre underwent complete renovations worth $15 million.
Seattle Mixed-Use Project Moves Forward With $31M Loan
The eight-story building will consist of 71 residential units, 11,000 square feet of office space, ground-floor retail and one level of underground parking.
Redeveloped Brooklyn Asset Gets $15M Refi
Mission Capital originated the loan, which will contribute to the further enhancement of The Box Factory, a creative office and flex asset in the Bushwick neighborhood.
Hammes Partners Pays $409 Per SQFT for AZ Medical Building
Spectrum Medical Commons, developed by Irgens in 2017, is adjacent to Mercy Gilbert Medical Center. JLL brokered the $17.8 million transaction.
FL Mixed-Use Project Receives $36M Construction Loan
Ivory 214 will include roughly 11,000 square feet of retail, 34,000 square feet of office and a 100-key Tapestry Collection by Hilton hotel.
Levcor Refinances Houston Entertainment Center
JLL’s Capital Markets team secured the $68 million loan, which will recapitalize existing debt. LoanCore provided the non-recourse, floating-rate financing.
Greater Orlando Office Condos Land Financing
The borrower will use the $4.1 million loan to construct a 42,909 square-foot building in Hunter’s Creek. The development is slated for completion in the first quarter of 2020.
HFF Arranges Loan for Denver Office Asset Sale
The buyers plan to renovate the office property located in Denver’s Midtown West area. The eight-story building was home to the Downtown Woolworth’s store on the ground floor.
Boston Office Property Gets $112M in Financing
NB Development Group secured first mortgage financing for 80 Guest Street, a trophy office property and part of the Boston Landing mixed-use project.