Finance
HCP Lands New $2B Credit Facility
The instrument includes two six-month extension options at the company’s discretion and the ability to increase the commitments by an aggregate amount as high as $750 million.
Kennedy Wilson, Kennedy Wilson Europe Merge
The unification creates a real estate investment and asset management platform with an enterprise value of $8 billion. Now, KW boasts a global portfolio exceeding 400 assets spanning a variety of sectors.
SVN Sells Westlake Medical Office
Located in the heart of Westlake Village, Calif., the 29,783-square-foot medical building was sold for $8.9 million. The Pacific Bridge Team arranged the transaction.
C&W Secures $13M in Financing for GA Assets
Senior Director Jason Hochman worked on behalf of property owner KAS Partners in arranging the fixed-rate loans for Phoenix Business Park and Kings Landing Office Center.
Scottsdale Office Complex Trades for $53M
Equus and iStar have acquired the asset with a $42.6 million loan provided by Mesa West Capital. The office building marks the joint venture’s second acquisition in Scottsdale.
Orlando Office Campus Changes Ownership
The seller embarked on a capital improvement program after purchasing the asset in 2012. Renovations included landscape upgrades, enhanced exterior lighting and signage improvements.
C&W Secures $11M Loan for FL Business Park
The long-term, fixed-rate mortgage came with pre-payment flexibility and an interest-only period. The borrower, KEI Properties, purchased the asset for $14.5 million in 2016.
Prologis Sells Iconic San Diego Asset
Voit Real Estate Services arranged the sale of the 102-year-old Sante Fe Depot, which offers mixed-use development opportunities. Heritage Architecture & Planning will be in charge of restorations.
Palm Beach Office Building Commands $9M
The C&W team of Michael Osiecki and Mark Pateman represented the seller in the transaction, while Flagler Bank originated $6.9 million in acquisition financing.
TruAmerica Acquires $47M Orlando Community
As one of the strongest multifamily markets in the U.S., Orlando has a very frothy investment market. TruAmerica intends to enhance the 300-unit property located between the area’s chief financial drivers.