Finance
Metro Miami Project Lands $126M Construction Loan
HFF arranged the funding for Uptown Boca, a $200 million retail-and-multifamily development in Boca Raton, which will consist of 456 luxury apartments and 171,800 square feet of upscale retail.
HFF Arranges Sale, Financing for Ft. Lauderdale Office
Cardinal Point Management partnered with Halstatt Real Estate Partners in the $41.7 million purchase of Trade Centre South. New York Life provided funding for the transaction.
WA Office Park Commands $63M
The roughly 200,000-square-foot, three-property portfolio in Bothell changed hands with help from Newmark Knight Frank, which acted on behalf of seller Equity Office.
North FL Hotel Project Lands $20M Financing
Plans for the Homewood Suites in St. Augustine, Fla., call for more than 100 guestrooms along the San Sebastian River.
Shorenstein Properties Pays $135M for Nashville High-Rise
Wells Fargo Bank provided the buyer of the 600,000-square-foot Class A office tower with more than $100 million in acquisition financing.
Denver-Area Office Portfolio Trades for $28M
SteelWave sold three properties in Boulder, Colo., totaling almost 115,000 square feet of office and lab space. The new owner intends to continue the renovations the seller started.
Tricera Capital Buys FL Mixed-Use Property
HFF arranged a $20.3 million loan through Vaster Capital for the off-market acquisition and repositioning of Palm Beach Post, a 360,000-square-foot asset in Palm Beach.
Tampa Hotel Lands $54M Loan
PCCP provided the senior loan for the recapitalization of the 325-key The Westshore Grand, part of the Urban Centre mixed-use complex.
Berkadia Acquires CPCP, Launches Structured Capital Group
Central Park Capital Partners, led by Noam Franklin, has diverse domestic and international finance relationships and is part of Berkadia’s strategy of becoming a one-stop shop.
Northern Nashville Office Changes Hands
The Dilweg Cos. traded the nearly 166,000-square-foot Class B asset for more than $26 million, with Pinnacle Bank providing the buyer with acquisition financing.