Finance
Market Street Redevelopment Gets $54M in Financing
The suburban Minneapolis mixed-use project will contain 100 luxury apartments set atop 33,000 square feet of street retail and a parking structure.
Optimizing Environmental Due Diligence in CRE Transactions
Environmental and engineering expert Dan Spinogatti outlines considerations to improve assessment of environmental risk to keep real estate deals on time and on budget, during the Mortgage Bankers Association CREF/Multifamily Finance conference in San Diego.
Atlanta Office Tower Bags $29M Construction Loan
Situated in a rapidly growing live‐work‐play environment, Anthem Technology Center is slated to encompass 352,600 square feet of office space, as well as ground-floor retail.
RCLCO’s Latest Chartbook Sees Few Clouds
The downturn looks to have been postponed yet again. Even though conditions are at—or near—peak, the report foresees no downturn this year.
The Foundry Breaks Ground in East Austin
DPR Construction signed a lease for 30,000 square feet at the property, where it plans to have its new regional office.
INCA Acquires Arizona Lending Firm, Appoints VP
In his new role at INCA, Phil Sollomi, the principal & founder of Scottsdale Private Lending, will oversee loan origination and underwriting.
MBA Releases 2018 Outlook
The Mortgage Bankers Association unveiled its predictions for commercial and multifamily mortgage originations. Overall, volume will be slowing, but the picture varies by property type.
Bandera Ventures’ DFW Industrial Project Moves Forward
HFF landed a construction loan for the 1.4 million-square-foot Gateway Logistics Center at Dallas/Fort Worth International Airport, right after securing a joint venture equity partner for the developer.
Irgens Snags $80M Financing for Milwaukee Office Tower
Walker & Dunlop Capital Markets secured the non-recourse loan for 833 East Michigan, a 359,000-square-foot, LEED Silver-certified building in the city’s central business district. Completed in 2016, the 17-story lakefront property became the first significant downtown office development in almost a decade.
CareTrust Buys Montana MOB
The overall investment in the asset amounted to more than $5 million, including transaction expenses. Evans Senior Investments arranged the deal.