Finance
Economic View: Why You Should Watch the Yield Curve
Some key economic indicators show continued strength, but there is more to the story. Trends in the yield curve appear to presage leaner times ahead, advises Hugh Kelly, the veteran real estate economist and CPE columnist.
Refinancing Opportunities for CRE Investors
With lenders in the market in force, refinancing opportunities for CRE investors abound at aggressive pricing and attractive terms.
Transactions: June 2019
A selection of noteworthy deals announced between 23 April – 13 May 2019.
San Francisco Office Asset Secures $100M in Financing
ASB Real Estate Investments has obtained the loan for 795 Folsom St., a six-story property in the city’s SOMA district that the company acquired in 2013.
Midcoast Properties Facilitates SC Portfolio Sale
The firm brokered the sale of two storage properties comprising a total of 1,310 units in Lexington and North Augusta. Citi Real Estate Funding provided the buyer with acquisition financing.
NJ Power Center Lands $47M Refi
JPMorgan Chase provided Sun Equity Partners the loan for Greenleaf at Howell, a 343,354-square-foot shopping center in Howell that the company acquired six years ago.
Downtown Orlando Hotel Scores $18M Refi
The 118-key hotel is an adaptive reuse project completed in 2013. Owner GDC Properties intends to use loan proceeds to retire existent debt and fuel reinvestments.
Proffitt Dixon Partners Buys Nashville Storage for $16M
HFF represented the seller, Provident Realty Advisors, in the deal, and arranged acquisition financing on behalf of the buyer.
Noble Secures $31M Construction Loan for Nashville Eco-Hotel
Regions Bank is financing the construction of the 169-key Element by Westin, near Cambridge Holdings’ OneC1TY mixed-use urban community. The development is set to include street-level retail space.
JV Lands $25M Loan for Charlotte Office Campus
HFF facilitated the six-year financing for a partnership between Childress Klein and Gottesman Real Estate Partners to acquire, renovate and re-lease Rexford Park I and II.