Finance
HFF Secures $75M Refi for Rhode Island Mall
The company worked on behalf of a joint venture between Bliss Properties, Mark T. Brennan & Co. and the Lane Family Trust to secure the 10-year, fixed-rate loan through Bank of America.
East Bay Industrial Business Park Changes Hands
Alex. Brown Realty Inc. together with CIP Real Estate have acquired Eden Landing in Hayward, Calif. The joint venture plans to invest $2 million in capital improvements.
Sonnenblick-Eichner Arranges $35M Financing for SoCal Hotels
Comprising 378 guestrooms, the three-asset portfolio was subject to 10-year, fixed-rate loans. Vista Investments previously completed renovations at the properties.
At Long Last, a Measure of Mezzanine Loans
Investors in high-yield real estate now have a way to compare their returns and performance against an industry-standard benchmark, thanks to John B. Levy & Co.’s creation of the first mezzanine loan index.
Sunstone Refinances $220M Loan for Hilton SD Bayfront
The interest-only loan offers a three-year initial term and three one-year extension options. The loan replaces the original, which was scheduled to end in August 2019 and had a higher interest rate.
Orlando MOB Changes Hands
Situated on a 1,6-acre site in the south Orlando submarket, Royal Oaks Medical Plaza recently changed hands. Transwestern arranged the transaction.
SC Mixed-Use Development Receives $23M Financing
Eyzenberg & Co. arranged the construction loan for a 42,000-square-foot, oceanfront mixed-use complex located in Myrtle Beach. Several tenants are already lined up to for the development.
Boston-Area Office Portfolio Lands $23M Refi
Working on behalf of KS Partners, Washington Trust secured $22.5 million in financing for a three-building flex/office portfolio in Newton, Mass.
SoCal MOB Lands $25M Loan
The approximately 40,000-square-foot asset was subject to a fixed-rate construction loan. Keystone Mortgage Corporation will oversee financing.
Transwestern JV Buys Seattle-Area Office Park
Equity Office Properties Trust sold Redmond Hilltop, a 178,769-square-foot office campus in Redmond, Wash., to a joint venture between Transwestern and Diversified International Partners.