Finance
HFF Arranges Financing for Retail Center Near Phoenix
Progression REI acquired a 116,358-square-foot grocery-anchored shopping center near Phoenix thanks to a $6.3 million fix-rate loan with Wells Fargo Bank arranged by HFF.
Rothenberg-Rosenfield Acquires Oakbrook North Office Complex for Well Over $36M
Rothenberg-Rosenfield acquired the asset in Gwinnett County for $36.6 million, with plans to invest $1.5 million in renovations.
GE Capital to Sell Hotel Financing Arm
Western Alliance Bank is set to acquire GE Capital’s Franchise Finance U.S. hotel business.
CVMC REIT II Acquires Two Data Centers near Atlanta, Detroit
Carter Validus Mission Critical REIT II Inc. expands in Florida and Michigan with the addition of two data centers to its growing portfolio.
Anbang Consortium Ups the Ante for Starwood, Surpassing Marriott’s Latest Bid
The Chinese insurance group made a $14 billion offer to acquire Starwood Hotels & Resorts Worldwide, topping Marriott International’s most recent bid.
Global Capital for CRE Investment Reaches New Heights in 2015
The latest report from Cushman & Wakefield shows that 2015 was a record year for global capital targeting commercial real estate.
George Smith Partners Aids Under Armour Build-to-Suit in Portland
George Smith Partners has secured financing for a new build-to-suit office development for Under Armour in Rip City.
Boulan South Beach Developer Sells Luxury Condotel and Retail Units For $25M in Miami Beach
Parc Place Development sold 30 luxury condotel units and two retail units within the Boulan South Beach for $25M.
Renovation of LaGuardia to Take Flight
The Port Authority of New York & New Jersey recently gave the green light for the $4 billion redevelopment of LaGuardia Airport.
Inland Investors Approve Merger with DRA
Inland Real Estate Corp.’s common stockholders have approved the merger between the company and a DRA Advisors subsidiary.