Finance
Moonwater Capital Snags Las Vegas Office Campus
SK+G Lab sold New Spanish Ridge, a 114,000-square-foot office park in Las Vegas to Moonwater Capital. At the time of sale, the asset was approximately 80 percent occupied.
NJ Shopping Center Receives $17M Financing
HFF secured the five-year, fixed-rate loan, which is accompanied by a $3.4 million construction line that will be used to fund capital and tenant improvements, as well as leasing commissions.
Apollo Commercial Provides $250M for Manhattan Office Project
The finance REIT’s loan is part of the $479 million construction financing package backing Cove Property Group’s Hudson Commons, a 700,000-square-foot office redevelopment and repositioning endeavor in the Hudson Yards/Penn Station submarket.
New Bronx Hotel Developments Land $18M
Meridian Capital Group arranged a 24-month construction loan featuring full-term, interest-only payments for the development of a Best Western and Sleep Inn hotels.
Manhattan Tower Lands $479M Construction Financing
Cove Property Group teamed up with an institutional partner to redevelop Hudson Commons into a 700,000-square-foot trophy office building. HFF arranged the loan through affiliates of Apollo Global Management.
KBS REIT Snares $1B Financing Commitment
BofA, Wells Fargo and U.S. Bank were the joint lead arrangers of the three-year facility, which marks the largest single financing transaction in the company’s history.
Silicon Valley Office Portfolio Lands $195M
On behalf of Preylock Real Estate Holdings, Meridian Capital Group arranged a seven-year floating-rate loan that features an initial five-year term followed by two, one-year extension options and full-term interest-only payments.
CRE’s Crystal Ball: Executive Predictions, Past & Present
In this continuing series marking CPE’s 30th anniversary, seasoned executives reflect on past predictions and discuss what’s on the industry’s horizon.
Marcus & Millichap Arranges Loan for FL Hotel Buy
The $15.9 million loan was used to purchase two properties located in Apopka, Fla., less than 15 miles from Orlando.
Meridian Secures Financing for Tallahassee Hotel
Wyndham Garden Capitol features a wide array of amenities including an outdoor pool and a 24-hour fitness center. The property will undergo a full renovation this year.