Finance
Aztec Arranges Refi for 2 Miami-Area Properties
City National Bank provided loans totaling $13.5 million for a shopping center and a Bank of America building north of downtown Miami.
Manhattan Holiday Inn Lands $137M Loan
Mission Capital Advisors worked on behalf of Golden Seahorse to arrange the refinancing of the 492-key property, which also marks the brand’s tallest hotel in the world.
Tampa Flex Office Portfolio Trades for $15M
The buyer, a private investor, funded the acquisition of the two buildings with more than $10 million in financing from Starwood Mortgage Capital.
Nearly $1.5B in CMBS Possibly at Risk from Hurricane Florence
Morningstar Credit Ratings has identified more than 180 securitized commercial mortgages on properties in North Carolina counties that have been declared disaster areas because of the storm.
NKF Capital Markets Secures Loan for Large Self-Storage Deal
The 22 facilities total more than 1 million square feet and are located in nine metros in Florida, Oklahoma and Texas.
Navigating Construction Loans, Part 1
In the first installment of a two-part series, Avison Young Principal Jay Maddox details the ways in which lenders mitigate construction risk.
PEG Cos. Buys Multi-State Marriott Portfolio
The roughly $130 million deal encompasses more than 1,000 guestrooms in eight states. Cantor Commercial Real Estate provided the acquisition financing.
Normandy, Taconic Capital Secure MD Office Loan
HFF facilitates the acquisition financing for the 262,000-square-foot Gateway Tower in Rockville. The joint venture partners are set to upgrade the asset and add new common-area amenities.
HALL Structured Finance Arranges Loan for AZ Hotel Redevelopment
The owner is set to transform the 32-key CopperWynd Resort into a 177-key luxury hotel that will operate under the Marriott Autograph Collection flag.
HFF Secures Financing for Denver Shopping Mall
The company worked on behalf of the borrower to arrange the fixed-rate loan for the multi-tenant property, whose roster includes Target, Chipotle and Great Clips.