Finance
HFF Arranges JV Equity for Industrial Development near Kansas City
HFF arranged joint venture equity for Block Real Estate Services’ industrial project in Lenexa.
Apple-Apple Merger to Stay Focused on Select-Service Hotels
The $1.3 billion merger will create a combined portfolio comprising 234 Hilton and Marriott hotels.
Marcus & Millichap Sells $48M Self-Storage Portfolio in Tampa Bay
Marcus & Millichap sold three self-storage facilities located within the Tampa-Saint Petersburg-Clearwater MSA for nearly $48 million.
Cornerstone Comes Through for Blackstone in a Big Way
Cornerstone Real Estate Advisers originated a $335 million loan to fund Blackstone’s acquisition of four Club Quarters hotels across the U.S.
George Smith Partners Arranges Financing Measure for Upcoming TOD in Hollywood
George Smith Partners arranged a $30 million bridge loan for a site that encompasses a multifamily development and an existing office building.
German Fund Buys Another Boston Waterfront Asset
Union Investment Real Estate GmbH forked out $452 million to acquire a Class A office asset in the Seaport District from Skanska USA.
Wheeler Real Estate Acquires 14 Grocery-Anchored Retail Centers for $71M
The 14 grocery-anchored assets, consisting of 603,142 leasable square feet, add to Wheeler’s growing retail portfolio.
CBRE Miami Arranges Nearly $61M Refi for Brickell City Tower
The 33-story, 288,314 square-foot Brickell City Tower gets a $60.8 million loan for upgrades and refurbishing.
NorthMarq Capital Closes Construction Loan for Preserve Plaza in Houston
Vice President Warren Hitchcock of NorthMarq Capital’s Houston arranged the loan for Preserve Plaza.
Choppy Waters: Uncertainty Looms for the CMBS Market
The CMBS niche has gotten off to a rocky start in 2016, and more uncertainty lies ahead.