Finance
Warm Climate: Refinancing Conditions Favor Borrowers in 2016
With maturity looming for a hefty chunk of the commercial real estate debt originated during the market peak a decade ago, the demand for refinancing will continue unabated in 2016. According to the CRE Finance Council, some $700 billion of loans will come due in 2016 and 2017, on the heels of $700 billion in 2014 and 2015.
SoHo Building Receives $100M Refi Loan
A six-story office and retail building is set to be repositioned and upgraded with the help of a generous loan.
Charlotte’s Toringdon Office Park Sold for $114.4M
Stockbridge Capital Group/Trinity Capital Advisors recently sold the 519,698-square-foot Toringdon Office Park in the desirable Ballantyne submarket.
CRE Firm Kicks Off with $245M Portfolio
Liberty Property Trust has sold its 41-property Horsham, Pa., portfolio to Workspace Property Trust, a new CRE firm.
New Majority Owner for Sunset Tower Hotel
Elevated Returns has acquired an 80 percent stake in the West Hollywood hot spot.
Silicon Hills Campus Attracts Sunshine State Buyer
Commercial real estate company is adding to its Capitol City portfolio.
Finance Column: Filling the Gap Through Mezzanine Financing
By Jay Maddox, Principal, Avison Young: When is mezzanine debt financing a better bet than preferred equity?
Paramount Plaza Lands $1B Refi Loan
Paramount has refinanced an iconic skyscraper in Midtown Manhattan’s CBD.
Smart & Final, Albertsons Big Winners in Grocery Bankruptcy
Smart & Final Stores Inc. has announced the approval of acquisition of 32 Haggen locations in California.
Acquire Real Estate Crowdfunds in Florida
Acquire Real Estate recently completed crowdfunding for Pompano Marketplace, a 238,000-square-foot retail property.