Finance
MetLife Investment Lines Up $73M Refi for Manhattan Office
ATCO Properties & Management is using the loan to recapitalize its 18-story building at 240-246 West 35th St. in the Garment District.
Fully Leased Tampa Office Asset Fetches $11M
Christian Tyler Properties acquired the single-story building from a private investment partnership. UnitedHealth Group currently uses the property as a corporate call center.
The Forum Commands $23M in West Palm Beach
The two-building office complex features a four-story parking garage and provides access to Interstate 75 and the city’s other major transportation hubs.
Equity Office Offloads Suburban Chicago Asset for $47M
The recently renovated five-story office building features 275,000 square feet of space and serves as the corporate headquarters for Essendant.
HFF Secures $51M Refi for Ace Hotel New Orleans
Originally constructed in 1928, the Art Deco-style building was renovated and transformed into a hotel in 2016 by The Domain Cos.
Alabama Reels in $1.6B Toyota-Mazda Plant
The highly coveted auto manufacturing facility project, and the 4,000 new jobs that will come with it, are a coup for Huntsville.
OC Office Tower Trades for $120M
NKF Capital Markets represented Ocean West Capital Partners in the sale of the Class A trophy property. The building is 99 percent occupied.
Sonnenblick-Eichner Arranges $110M Refi for SF InterContinental
The loan for the upscale 550-key downtown hotel was funded by a Wall Street investment bank. The first mortgage could be part of a trend toward more refinancings in 2018.
Integrated Properties Nabs $200M Atlantic City Tower Hotel
The property, a former hotel and casino which opened in 2012 and shuttered two years later, contains 1,400 guestrooms and is expected to bring 3,000 jobs to the city.
Manhattan Office Asset Lands $48M
Meridian Capital Group arranged a 10-year CMBS loan for 64 Wooster St., an office property located in Manhattan’s Soho neighborhood.