Finance
Upcoming Queens Hotel Receives $44M Financing
The construction of the dual-branded Marriott Hotel broke ground in 2015, and will bring a total of 338 guestrooms to the borough’s Jamaica neighborhood.
BGC Acquires Berkeley Point, Minority Stake in New CRE Biz
The company and its affiliate Cantor Fitzgerald paid $875 million to purchase the capital solutions provider, and invested an additional $100 million in finance and investment business CF Real Estate Finance Holdings LP.
Suburban Atlanta Office Park Commands $14M
CBRE’s Tony Swann and Craig Taylor represented the seller in the transaction, while Mariano Perez of Grandbridge Real Estate Capital arranged the acquisition financing on behalf of the buyer/borrower.
Financing in Place for 800 KSF Baltimore Mixed-Use Tower
Madison Marquette commenced construction of One Light Street in January, and now the developer has landed $169 million in loans to complete the project.
Downtown San Diego Tower Trades for $110M
Rockwood Capital is the new owner of 600 B St., a 24-story, 360,000-square-foot Class A office high-rise that covers one city block in the downtown area.
The Shifting Capital Stack
After a sluggish start to 2017, investment volume and lending activity began showing signs of rebounding in the spring.
CBRE Secures $43M San Diego Acquisition Financing
Swift Real Estate Partners purchased 530 B from Bosa Development. The seven-year, interest-only loan will provide funds for capital improvements, leasing commissions and tenant improvements.
Thorofare Capital Funds SC Office Building Acquisition
A joint venture between Insite Property and Eastern Federal Corp. will use the $16.3 million loan for the acquisition, renovation and stabilization of Albemarle Point Center in Charleston, S.C.
Mitsui Fudosan Buys Stake in $3.6B Hudson Yards Project
The Japanese developer will take a 90 percent stake in 50 Hudson Yards on Manhattan’s Far West Side. The deal follows its 2014 acquisition of the nearby 55 Hudson Yards tower.
Carlyle Group Snags $85M for San Jose Campus
The company has secured the five-year, floating-rate loan to refinance 4300 and 4400 North First St., two Class A office buildings situated in the Innovation Triangle submarket of Silicon Valley.