Finance
Working Around the Tax Bill, Other 2018 Hacks
Financial and business advisor Ray Sturm penciled out the real estate environment for 2018, in light of the revised tax legislation, budget cuts and challenges in affordable housing development.
KeyBank Arranges $41M for GA Community
Passco Cos. used the first mortgage, Fannie Mae loan to purchase the 320-unit Mariner Grove community in Savannah from Brand Properties.
Miami-Area Retail Asset Lands $25M Acquisition Loan
The Aztec Group team of Jason Shapiro and Sean Harrington worked on behalf of the borrower acquiring the shopping center for $31.5 million.
Tulfra Sells NJ Industrial Portfolio
NKF Capital Markets represented Tulfra in disposing four single-tenant, net-leased properties at 100 percent interest.
REIX Corp. Completes Series A Capital Raise
In addition to receiving investments from Altus Group and Real Capital Analytics, the company named Doug Prickett as global CEO, overseeing the continued development and expansion of the Mango REIX and SiiLA products.
Boston Seaport Development Lands $480M
The Seaport District offers close proximity to the MBTA Silver Line’s subway station at the World Trade Center, which also connects to South Station and Logan International Airport.
LIC Warehouse Lands $23M Financing
Circle F Capital will use the loan to redevelop the former manufacturing facility into residential apartments, retail space, storage units and parking.
HFF Finances Denver Mixed-Use Development
The more than 150,000-square-foot property consists of 136,000 square feet of office space, 16,000 square feet of ground floor retail, a 38-stall surface level parking garage and a 198-stall subterranean parking garage.
C&W Arranges $18M Office Sale in Fort Lauderdale
Lakeside Plaza is a five-story building in Fort Lauderdale’s Uptown Business District. Notable tenants include Bosch Security Systems, the Early Learning Coalition and Allied Universal.
Zeller Realty Snags Atlanta Office Tower
Lone Star Funds sold the asset to a joint venture between Zeller Realty Group and Partners Group, while ACORE Capital provided acquisition financing to facilitate the deal.