Finance
Metro Storage Lands $78M Refi for 8-Property Portfolio
The bridge loan is for Class A facilities situated in suburban areas of Illinois, New Jersey and Pennsylvania. Talonvest Capital negotiated the financing.
Founders Properties Buys Raleigh Office Portfolio for $23M
The three-building Class C office campus contains nearly 155,000 square feet. The buyer landed $14.5 million in financing for the deal.
RDG Funds Receives Financing for Historical Chicago Asset
CBRE’s capital markets debts and structured finance team arranged the $8.3 million loan. The 1865-built asset is located in the West Loop neighborhood.
WeWork Launches $2.9B Investment, Management Platform
The We Co. teamed up with Ivanhoé Cambridge to create ARK, which will focus on acquiring, developing and managing real estate properties in global gateway cities and high-growth secondary markets.
HFF Arranges $42M Loan for South Florida Hotel Purchase
A joint venture led by DoveHill Capital Management used the proceeds to help fund the $66 million acquisition of the 236-key Renaissance Fort Lauderdale Cruise Port Hotel in Fort Lauderdale.
Tel Aviv Bond Market Revives, But the Bar Is Higher
As U.S. companies begin issuing on the TASE again, what does it take to have a successful offering? Westdale’s recent $140 million bond deal provides some critical clues.
HFF Arranges Loan for Denver Office Building
The four-story, Class A office building is currently vacant, after it was previously 100 percent occupied by Regus and Ameritrade. HFF worked on behalf of the borrower.
iintoo Buys RealtyShares Assets
With the completion of the transaction, the global real estate investment network has supplemented its assets under management by 150 percent, reaching a total value of $2.5 billion.
Will Manhattan’s Office Challenges Hit CMBS Assets?
Kroll Bond Rating Agency’s new report evaluates the exposure of $25.3 billion of Midtown Manhattan office assets to issues facing the submarket.
Only Ripples Likely From Next CMBS Maturity Wave
A new Morningstar report indicates that relative to the last big surge of maturities, between 2015 and 2017, the upcoming one will see a higher rate of on-time payoffs.