Finance
Cushman & Wakefield Brokers $23M Miami Office Sale
The company assisted the seller and secured acquisition financing for the buyer, Midtown Capital Partners.
Boston Creative Office Asset Sells for $72M
NB Development Group sold the property at 20 Guest St., across from the Boston Landing district, with the assistance of JLL Capital Markets.
Manchester Financial Group Lands $212M for Navy HQ
The term loan replaces the construction financing on the newly completed office tower, which is part of a 3 million-square-foot mixed-use development on the San Diego waterfront.
Allianz Real Estate Provides $150M Loan for Boston Tower
The borrowers will use the funds to refinance 265 Franklin, a 21-story office building in the city’s Financial District.
Equus Capital Pays $57M for Virginia Industrial Portfolio
Nationwide Insurance Co. provided $38.2 million in financing for the acquisition of four warehouses totaling 655,852 square feet.
LaSalle Launches Global Navigator Fund
The firm secured $320 million in founding capital commitments for its latest fund that will focus on the U.S., Europe and Asia.
Anchor Health Buys Memphis-Area MOB Portfolio
Trumbull Laboratories anchors the two-building, 78,690-square-foot property in Germantown, Tenn.
Suburban Orlando Storage Facility Trades for $9M
Valley National Bank originated a 10-year, $8 million loan for the purchase of a 770-unit property.
Shorenstein Sells Portland Office Campus for $130M
RBC Capital Markets provided the joint venture buyer with a $100 million line of credit for the purchase.
Pandemic Accelerates, Rather Than Starts, CRE Trends
Paul Fiorilla of Yardi Matrix on key takeaways from the Urban Land Institute’s virtual conference.