Finance
CMBS Issuance Volume Improving: KBRA
Activity will continue its slow-and-steady upward trajectory, going from an estimated total of $55 billion in 2020 to $60 billion in 2021.
Cohen Asset Management Pays $37M for Los Angeles Warehouse
The company received a $21 million acquisition loan from Life Insurance Company of the Southwest for the purchase.
Life Company Commercial Mortgage Returns Stabilize: Trepp
Credit concerns continue to dampen appreciation, according to the firm’s latest index.
Longfellow Lands $53M Loan for North Carolina Life Science Conversion
The borrower received the five-year, floating-rate financing for the acquisition and planned conversion of the four-building portfolio.
RMR Group Closes $680M Industrial Fund
The investment vehicle owns a 9.2 million-square-foot portfolio spanning nine states across the U.S.
IQHQ Raises $1.7B for Life Science Projects
The latest round of funding will help finance 4.4 million square feet of development in Boston, San Francisco and San Diego.
NitNeil Partners Acquires Denver Storage Property
The company financed its first acquisition in the metro with a $3.3 million loan from Alpine Bank.
PGIM Provides $408M Senior Loan for Industrial Portfolio
An institutional investor is using the financing to acquire 11 properties totaling 4 million square feet.
Blackstone Gets $120M Loan for North Carolina Industrial Buy
PGIM Real Estate arranged the variable-rate loan for the 3 million-square-foot portfolio in Greensboro and Durham.
Westcore Kicks Off 722 KSF Phoenix Logistics Project
Hartford Investment Management Co. originated a $41.5 million construction loan for the industrial campus fronting Interstate 10.