Finance
The New Lineup of Debt Players
Why a growing number of developers and investors are discovering an attractive new line of business in lending.
Get Ready for an Extended Slowdown in CRE Demand
An inverted yield curve and forecasts of a dropoff in job growth are among the signals that the industry’s long, great ride may soon be ending, says economist Hugh Kelly.
Transactions: March 2019
The following is a list of transactions that were announced over the month of February 2019.
Tacoma Marriott Lands $78M in Construction Financing
3650 REIT facilitated the loan for the development of a 304-key hotel directly connected to the Greater Tacoma Convention Center.
JV to Acquire Embassy Suites in Baltimore
An HFF team arranged the partnership and secured the acquisition financing. The Hilton-branded hotel previously sold in 2014 for $21.2 million.
Life After Amazon for Long Island City’s One Court Square
Ratings agency DBRS’s new report forecasts outcomes for the property in light of a looming $315 million loan maturity and the 1 million-square-foot vacancy that the e-commerce giant had planned to fill.
Newly Completed Queens Asset Lands $21M Financing
AB Capstone will use the new mortgage to pay off existing debt, as well as for the asset’s final lease-up and stabilization.
Video: Top Trends in the Debt Markets
What’s driving the environment for debt financing? That’s what CPE asked Tom Fish, JLL Capital Markets Finance executive managing director, at the Mortgage Bankers CREF conference in San Diego.
Planned SF-Area Moxy Hotel Receives $50M in Equity Capital
An opportunity zone fund sponsored by EJF Capital provided the financing for the 173-key project in Oakland, Calif., which is being developed in conjunction with Tidewater Capital and Graves Hospitality.
Economos Properties Lands $53M for Dual-Branded Marriott
CBRE facilitated the construction loan for two upcoming hotels at Dania Pointe, a 102-acre mixed-use project in metro Miami that will offer a combined 350 keys.