Finance
Bridgeton Holdings Lands $57M Loan for NYC Hotel
The 171-key Walker Hotel Tribeca will be the investment firm’s second Walker hotel in New York City, following a Greenwich Village location.
Fenway Capital, Iron Point Buy $25M Phoenix Office Property
The new owners are set to invest more than $7 million in capital and tenant improvements. CBRE’s Capital Markets secured an acquisition loan through CapitalSource.
New W Hotel in Nashville Lands $133M Financing
Goldman Sachs and Lionheart Strategic Management provided the senior and mezzanine loans for the 346-key, ground-up development in the Gulch neighborhood.
Downtown Fort Lauderdale Office Tower Sells for $109M
NAI/Merin Hunter Codman teamed up with Pacific Coast Capital Partners to acquire the 19-story, 352,000-square-foot Class A asset.
Orlando High-Rise Receives $46M Refi
A CBRE team arranged the floating rate loan on behalf of a joint venture between Apollo Global Management and Steelbridge Capital. The financing replaces a 2014 mortgage.
Net-Leased Rite Aid Stores Offer Value—And Risk
Amid ongoing interest-rate hikes by the Federal Reserve, many investors are eager for these single-tenant assets’ above-average returns. Transwestern Associate Gavin Behr thinks properties occupied by the drugstore chain may fit the bill.
Navigating the Packed Alternative Lending Environment
Money360 President Gary Bechtel outlines the main aspects to consider when scouting for a non-bank lender and shares his predictions for 2019.
Survey Closed: 2019 Top Mortgage Banking Firms Survey
Don’t miss out on the chance to participate in the 2019 CPE-MHN 2018 Top Mortgage Banks Survey and be ranked among the top mortgage banking firms in the U.S.!
George Smith Partners Assembles $106M for Spec Project in Phoenix
The 250,000-square-foot Class A office tower, along with 44,000 square feet of lifestyle retail, is part of The Watermark Tempe, a mixed-use project that Fenix Development is undertaking in Tempe, Ariz.
Marcus Partners Lands $37M Refi for MD Office Campus
The company recently completed a renovation of the two buildings following their purchase in 2015. The Class A properties have more than 250,000 square feet between them.