Finance
PSAI Realty Partners Acquires San Jose Tech Center
Constructed in 1999, the roughly 300,000-square-foot campus encompasses five two-story buildings located along Highway 237. The global headquarters of TiVo Corp. anchors the asset.
Swift Real Estate Trades San Francisco MOB
The new owner, a joint venture including Harrison Street, picked up the asset for $30 million, funded by a $25 million acquisition mortgage.
New Ritz-Carlton to Call Manhattan Home
Atalaya Capital closed $315 million in financing for Flag Luxury Group’s construction of the NoMad hotel, which is slated for a 2021 delivery.
A Return to Fundamentals
Investors are paying closer attention to asset quality and location in today’s shifting retail environment, according to Sands Investment Group Net Lease Advisor Doug Roland.
MetLife Provides $450M for SF Bay Area Retail Asset
Borrowers The Macerich Co. and Northwestern Mutual utilized the 960,000-square-foot Broadway Plaza in Walnut Creek as collateral for the 12-year fixed-rate loan.
Crowdfunding: A Developer’s Perspective
Genton Property Group CEO Jonathan Genton analyzes the financing method’s capacity to improve transparency and offer access to untapped investment prospects.
Stimulating Development in Low-Income Areas
Avison Young Principal Jay Maddox details the tax code provisions that incentivize long-term investment in specific geographic areas across the country.
Ocean Bank Provides $60M Loan for Miami Retail Center
Borrower Kendall Village Associates, an entity of Berkowitz Development Group, will utilize the proceeds to refinance the 256,000-square-foot Kendall Village Center mixed-use shopping destination.
Chicago’s Wrigley Building Gets $150M Financing
The real estate services provider arranged a 30-year, fixed-rate loan through a leading insurance company for Mansueto Properties’ acquisition of the iconic office and retail skyscraper.
Silicon Valley Mixed-Use Project Gets $250M
The debt and equity capitalization package supports the development of Ameswell Mountain View, a Class A office and upscale hotel asset that recently broke ground.