Finance
Real Estate’s Confidence Game
Unlike holders of more volatile stocks and bonds, real estate investors can be content about their pricing and value assumptions, says Ken Riggs of Situs RERC.
How High Can Long-Term Interest Rates Rise?
Real estate borrowing rates are still relatively low, but the 2017 tax reform package and 2018 trade issues have led to economic volatility and long-term concern.
Swift Real Estate Acquires San Francisco Office Building
The buyer funded the transaction with an acquisition and development loan from a private lender. The 1912-built historic property is almost fully leased.
Cleveland Office Tower Receives $100M Refi
Located in the waterfront district of the city, the 23-story Ernst & Young Office Tower features 465,000 square feet of leasable space.
Times Square Tower Reaches Full Capitalization
UBS led a new round of equity financing to achieve $2.5 billion for the groundbreaking of TSX Broadway in Midtown Manhattan.
Developers to Bring $150M Office Project to Atlanta
Atlantic Capital Properties and Gateway Ventures have secured $68 million in financing to build a 175,000-square foot office building in Atlanta’s emerging West Midtown market.
Eastern Union Funding Arranges Financing for MD Storage
Developer Poverni Sheikh Group has received more than $9 million to construct a 950-unit self storage facility in District Heights, Md.
Lightstone Secures Construction Loan for FL Moxy Hotel
Canyon Partners Real Estate and CapitalSource provided an equity and debt package for the 202-key Moxy South Beach. This marks Canyon’s second investment with Lightstone.
Sizing Up Trump’s Opportunity Zone Council
Multifamily and commercial real estate tax experts say they are generally pleased but express concerns about how the program will be regulated and implemented.
Fenway Capital Lands Refi for San Diego Office Property
A CBRE Capital Markets Debt & Structured Finance team arranged the $8.3 million loan, which will go toward providing future funds for tenant improvements.