Finance
Capital Markets Update with Ten-X’s Rick Sharga
Ten-X’s Executive Vice President Rick Sharga shares insights on the capital markets from the new CRE Nowcast.
Finance Column: A New Avenue for SBA 504 Lending
By Rich Grant, Executive Vice President, TMC Financing: As the population ages, developers addressing senior housing demand may want to consider SBA 504 lending.
Gencom Closes Caribbean Resort Disposition
The Florida-based hospitality and mixed-use real estate investment firm and its partner, Private Equity Group, have sold the 295-room Marriott Grand Cayman Beach Resort in the Cayman Islands.
First Potomac Starts Selling its Suburban Portfolio
First Potomac Realty Trust sold off three Virginia office and business park properties after announcing earlier this year that it planned to sell at least $200 million in assets.
SF Office Development Changes Hands
Phase 3 Real Estate Partners has acquired Centennial Towers, a Class A office development, from Myers Development.
MEPT Recapitalizes in the Capital
MEPT, in a joint venture with Ärzteversorgung Westfalen-Lippe, has recapitalized Patriots Plaza, a nearly 1 million-square-foot office complex in Washington, D.C.
Fried Frank Executes 3 Transactions in 2 Days
Fried Frank has been busy with three major deals closed within two days, including the sale of Stuyvesant Town-Peter Cooper Village in Manhattan to The Blackstone Group and Ivanhoé Cambridge for $5.3 billion.
The Inn at Calypso Cay Receives Acquisition Financing
A 159-room, select-service hotel in Orlando’s I-Drive area has received acquisition financing in a transaction mediated by HFF.
NY Life Real Estate Investors Busy on Both Coasts
New York Life Real Estate Investors showed off two sides of its expertise on the same day, with an acquisition in California and the origination of a mortgage for a Virginia complex.
Fed Hike’s Impact on CRE
The Federal Reserve has raised its key interest rate. Is this a good sign for commercial real estate?