Finance
South Bay Office Building Changes Hands
PCCP LLC has provided a $29.1 million senior loan for the purchase of a nearly 89,000-square-foot, eight-story office building near the LAX Airport.
It’s Optimism by a Nose in Latest RCLCO Survey
An end-of-year survey finds that expectations remain positive, despite the state of the market cycle, as tax changes continue to loom.
Central Valley Shopping Center Fetches $6M
Colony Plaza, anchored by a Save Mart grocery store, is 92 percent leased to tenants such as H&R Block, Supercuts and Country Skillets.
CAI to Develop Mixed-Use Retail in Vegas
The developer of the upcoming shopping center has already signed pre-leases with national tenants, and plans to re-sell or develop the remaining square footage.
AJ Capital Receives $27M Loan for Nashville Project
The redevelopment of the hundred-year-old building will include 80,000 square feet of creative office and 40,000 square feet of retail space.
Ashford Trust Refinances 8-Hotel Portfolio
Secured by assets across several states, the previous mortgage loan had an outstanding balance of roughly $377 million and was due to mature in 2020.
Brexit Reveals Europe’s Future Financial Hubs
As negotiations for Brexit unfold between the U.K. and the European Union, and many arrangements are still in limbo, several European capitals have emerged as contenders in the race for the next financial centers of the E.U.
Luxury Ski Resort in Utah Scores $60M Refi
The loan will also cover the facility’s expansion, which is expected to begin later this year or in early 2019.
Meridian Buys 3-Asset MOB Portfolio in LA
The project also includes the repurposing of an existing, two-story 8,280-square-foot building into a new single-story 9,200-square-foot Type V-A ambulatory, outpatient clinic.
Tampa Office Asset Receives Acquisition Loan
The Aztec Group team of Jason Shapiro and Sean Harrington worked with BankUnited to secure strong financing terms on behalf of the borrower that purchased the property.