Finance
JLL Closes $280M Loan for Brooklyn Redevelopment
AIG provided a 15-year loan to a partnership between Midtown Equities and HK Organization for Empire Stores, a 443,000-square-foot office and retail property.
Vornado Refinances NYC Mixed-Use for $580M
The REIT secured an interest-only loan to replace a 2015 mortgage on the approximately 1 million-square-foot property in Midtown Manhattan.
MBA CREF 2019 Coverage
Sports legends Peyton Manning and Bill Walton, along with dozens of industry experts, addressed the Mortgage Bankers Association Commercial Real Estate Finance conference.
National Self Storage Portfolio Secures $222M
KeyBank provided three loans in two separate transactions for a SmartStop storage portfolio located in 12 states across the country.
Shopko Outlines Post-Bankruptcy Footprint
Despite substantial store closures before the Chapter 11 filing, the restructured retail chain will maintain locations in 11 states, while its portfolio will drop to less than half of its previous size.
Last Chance to Enter the 2019 Commercial Property Executive Distinguished Achievement Awards!
Last day to enter! We’ve extended our deadline to June 24th. Don’t miss this opportunity to showcase your company’s projects and talent.
The Rising Influence of CRE Debt Funds
These vehicles, which offer investors a late-cycle equity alternative, were the talk of the MBA CREF conference in San Diego.
JV Receives $55M for Denver Office Asset
The property previously served as the administrative back office center for CenturyLink. The borrower plans to transform the property into a state-of-the-art office center.
LA Storage Facility Secures Construction Loan
World Class Capital Group and Barings received $30 million in financing for a 188,600-square-foot project in the city’s Chinatown neighborhood.
South FL Development Lands Financing
The borrower plans to use the $2.2 million bridge loan secured by LV Lending to buy land and start construction of a 40,000-square-foot Key Largo resort.