Finance
Ikos International Debuts in Spain
HFF secured $135 million in financing for the firm to acquire a 400-key, all-inclusive luxury hotel. Ikos plans renovate and rebrand the hotel.
Bellwether Arranges $23M Refi for LA Creative Office
Converted from industrial buildings, the MDR Truss Campus comprises six buildings situated on 2.8 acres, totaling roughly 70,000 square feet of creative office space.
The Toy Story That Ended in Chapter 11
In the world of retailer Chapter 11 bankruptcy filings, Toys “R” Us’ massive failure is a bit of an anomaly, observes Avison Young Principal Jay Maddox.
A Closer Look at Tax Credit Investments
Capital One’s Laura Bailey and Hudson Housing Capital’s Joseph Macari reflect on Low-Income Housing Tax Credit investment opportunities and the bank-tax creditor relationship.
HFF Closes $28M Loan for Phoenix Apartments
Built in 1998, San Palmas at Mission Park features more than 200,000 rentable square feet. Continental Realty Advisors bought the property for $43 million.
CT Office/Industrial Property Lands $7M Refi
Located in Trumbull, the property encompasses two interconnected buildings totaling 83,193 square feet and extensive landscaping features, including two aerated ponds.
TA Realty Lands $48M Loan for Doral Office Asset
Following the purchase of One Park Square in October 2017, the new owner secured a long-term, fixed-rate mortgage through Guardian Life Insurance Co.
Hubilu’s Student Housing Portfolio Turns to Solar
The properties in the company’s portfolio are set to feature rooftop photovoltaic technology, and will also accept cryptocurrency as payment.
DoubleTree by Hilton Greensboro Receives $21M Refi
Milestone Hospitality Management will use the non-recourse loan to refinance the 175-key hotel’s existing financing and to fund a brand-required property improvement program.
Calida Grows Vegas Portfolio With 180 Units
New ownership will use part of the loan received from PCCP LLC to renovate the community. Hampton Garden is located in the Summerlin/Spring Valley area, a top-performing submarket.