Finance
McDonald’s HQ Project Receives $209M in Financing
The Chicago development will consist of 485,000 square feet of office space, as well as ground floor retail and underground parking.
U.S. Bank Plans $250M Data Center near Minneapolis
Construction set to begin in the spring of 2017, and to finalize by early 2018.
Private Lenders Step in to Fill the CMBS Gap
Banks remain active in refinancing, but tighter regulations are creating space for competitors.
Vornado Scores Big at Vintage Manhattan Building
A refinancing yields $192 million in proceeds for the REIT.
Epic Real Estate Nabs 344 KSF Retail Center in River City Suburb
HFF closes sale of and arranges financing of $37 million for Shops of Forest Hill in Germantown, Tenn.
HFF Lends a Hand to Windsor Management
The company arranged $58 million in financing for four properties located in New York and Connecticut.
Special Report: How Rate Hikes Will Affect CRE
The Fed’s move shouldn’t harm investors’ appetites for assets, but more buyers may start looking for deals with shorter-term leases and frequent resets.
Bixby Land Co. Acquires $33M Office Complex in Portland
The four-story, 185,729-square-foot office campus was 96 percent leased at the time of the sale.
NYC’s 441 Ninth Ave. Lands Two New Owners, Makeover
A partnership between Cove Property Group and Baupost Group paid $330 million for the 423,000-square-foot building.
The Rationale Behind the Rate Hike
Fed Chair Janet Yellen characterized the rate hike as a “vote of confidence” in the strength and resiliency of the U.S. economy.