Finance
Meridian Secures $14M in Financing for Reno Retail Asset
The three-year loan will be used for the acquisition of Paradise Plaza, a Kmart- and Walgreens-anchored shopping center. The center’s trade area is expanding as a result of an increasing presence of manufacturing, technology and logistics companies.
Bay Vista Office Building Trades for $10.2M
Ryan Companies sold the four-story asset to a New York-based real estate investment firm. Valley National bank provided the $7.1 million acquisition financing.
Hunting Greenbucks
You can tell a lot about the current state of green financing from what visitors to one U.S. Department of Energy website were looking at this winter.
What Makes a Financing Firm Competitive?
MidCap Financial Co-Founder Kevin McMeen discusses what to expect for CRE lending in 2017, and how his firm has succeeded in growing its presence in the market despite launching during the Great Recession.
CBRE Arranges Construction Loan for Florida Retail Center
The company secured financing on behalf of Gertz Builders and Developers Inc., with Branch Banking & Trust providing the $16 million loan.
HFF Arranges Sale of Ft. Lauderdale Financial Center
The company marketed the five-story office building on behalf of the seller, Clarion Partners, also procuring the buyer. Additionally, the firm secured acquisition financing.
Carnegie Hall Tower Lands $325M Refi
This marks Singer & Bassuk’s fifth financing arranged for the 60-story skyscraper since 1988. The César Pelli-designed iconic building won an Honor Award from the American Institute of Architects.
Institutional Investors Upbeat About CRE, but Cut Commitments Anyway
A report based on the latest survey by Institutional Real Estate Inc. and Kingsley Associates indicates that U.S. players plan to commit $62 billion in commercial real estate this year.
Houston Retail Center Trades with Help from HFF
The company secured a $38.2 million loan for the 410,121-square-foot retail center on behalf of the new owner, while at the same time representing the seller in the transaction.
Peak Finance Secures $70M in Financing for San Diego Hotel
The Carte Hotel & Suites, part of Hilton’s Curio brand, will bring 228 guestrooms and 12 luxury suites to the city’s Little Italy neighborhood.