Finance
Fort Lauderdale Office Asset Trades for $14M
Cushman & Wakefield represented the seller and secured acquisition financing on behalf of the buyer. The loan will fund leasing costs and future capital improvements.
Manhattan Office Asset Lands $200M Recap
Silverstein Properties has acquired a majority interest of 619 West 54th St.. The company partnered with Taconic, which purchased the Hell’s Kitchen asset five years ago.
Hunt Mortgage Launches New Lending Product
The company has allocated $300 million for a new fixed-rate financing program that will enable conduit borrowers to access loans between $7.5 million and $25 million.
Austin Mixed-Use Development Lands $26M in Financing
The first phase of Lantana Place will offer 99,663 square feet of leasable space and is expected to break ground in May 2017, with the opening of a dine-in movie theater scheduled for the second quarter of 2018.
Bridge, Investcorp Partner to Recapitalize Cold Storage Portfolio
The three warehouses total 715,000 square feet and may represent the first time an institutional investor refinances a multi-tenant cold storage portfolio.
HFF Secures $22M for Miami Mixed-Use Development
The company assisted developer Goldman Properties in placing the loan with a well-known financial institution.
Big Plans for NYC’s Out Hotel
Private lender Silver Arch Capital Partners provided a $30.4 million acquisition loan for the Midtown Manhattan hotel, which will undergo an extensive repositioning process.
PCCP Refinances Chicago Retail Center
Village Market, located within the Lakeshore East development, belongs to a joint venture between Magellan Development Co. and Hanwha Engineering & Construction.
Care Capital Properties Buys $400M Behavioral Health Portfolio
The six properties, located in California, Arizona and Illinois, will be leased back to affiliates of Signature Healthcare Services, the seller.
HTA Shells Out $2.8B for Duke Realty Portfolio
The nation’s largest owner and operator of medical office buildings will become even larger with the acquisition of 78 health-care properties totaling 6.1 million square feet.