Finance
StepStone Closes Fund III, Plans $1B+ in Investments
The company will target office, industrial, senior housing, student housing, hotels and multifamily projects in the U.S. and Europe.
$550M Loan Earmarked for Brookfield NYC Asset
Civitas Capital secured the financing for 200 Liberty St., a 1.7 million-square-foot office tower in Lower Manhattan.
Tristar Capital Lands $232M in Financing for Sunnyvale Campus
The company has acquired Crossroads III, office buildings net leased to Apple, for $290.7 million.
Prudential Mortgage Capital Becomes PGIM Real Estate Finance
The new name will clearly distinguish each of the company’s 22 global offices as part of a singular entity.
HFF Arranges Financing for Orlando Industrial Portfolio
Cypress Industrial Park consists of five single-story light industrial buildings.
Blackstone Nabs $1.7B US Portfolio from Swedish Pension Fund
JLL has arranged the transaction, which is part of the $2.1 billion disposition of Stockholm-based Alecta’s 4.5 million-square-foot international commercial portfolio.
Partners Capital JV Launches Private Bridge Lender Platform
The new Archway Fund division is expected to deploy $100 million within the next 12 months.
Thor Equities Acquires $40M SoMa Office Asset
The property includes approximately 45,000 square feet of office and 1,720 square feet of ground-floor retail.
HFF Secures $65M Loan for West Houston Office Asset
The office property is LEED certified to the Gold level.
Cushman & Wakefield Closes Record Industrial Sale in Orlando
Colony North Star is the new owner of four Class A warehouse and distribution buildings totaling 950,000 square feet.