Finance
Meridian Arranges $54M for New Pod Hotel
Clients Modus Hotels and Parkway Corp. will utilize the financing to develop Pod Philadelphia, an 11-story, 252-key micro-hotel.
A Partly Sunny Economic Outlook
NAR economist George Ratiu evaluates our emergence from last recession’s winter into an economic spring, marked by steady growth of the global economy.
Unico Properties Sells Denver CBD High-Rise
Westport Capital Partners purchased the 28-story, 284,600-square-foot building. HFF represented the seller and secured the acquisition loan from ACORE Capital.
North FL Retail Development Lands $80M Loan
The 80-acre shopping center in the Jacksonville area is already underway, with the first phase wrapping up later this year.
JV Arranges $109M Refi of Multi-State Facilities
Working on behalf of a partnership of investors advised by JP Morgan Asset Management and IDI Logistics, Cushman & Wakefield secured the loan for the refinancing of eight properties located in Illinois, Ohio, Texas and California.
Why Investors Need to Roll Up Their Sleeves
Alex Horn, BridgeInvest’s founder & managing partner, discusses the alternative lending environment and evaluates how the financing needs of small-property borrowers changed in the years following the recession.
Brennan, Sidra Capital Recap $159M Industrial Portfolio
HFF arranged the recapitalization of 11 fully leased facilities located in and around Atlanta, Chicago, Detroit, Minneapolis, Cincinnati, Philadelphia, Dallas and Akron, Ohio.
Lightstone Secures Financing for 3rd NYC Moxy Hotel
The company has received $91 million from the Bank of the Ozarks to build Moxy East Village, a 285-key hotel at 112-120 East 11th St.
Novaya Sells Boston-Area Industrial Portfolio for $73M
The fully leased distribution centers, located in Littleton and Middleborough, Mass., encompass a total of 775,000 square feet. JLL secured the acquisition financing on behalf of the buyer/borrower.
PACE of Growth
One topic topped discussions during PACENation’s third annual summit: how to expand this valuable financing tool. Here are five key requirements.