Finance
Southeast Florida Storage Asset Trades for $14M
ServisFirst Bank originated a $10.3 million loan for the purchase of the 78,521-square-foot property.
Vornado Secures $500M Refi for Manhattan Tower
The financing package for PENN11 in Midtown retires a $450 million loan originated in 2013.
CSW Development Sells Austin Storage Asset
The new owner received a five-year, $9.2 million acquisition loan from Happy State Bank.
Coldwell Banker Spearheads Oregon Storage Sale
Joel Crosby assisted the seller in the 1031 exchange of a 66,900-square-foot facility in Hermiston.
JLL Brokers $32M Tampa Industrial Sale
Bret Felberg, Jeff Morris, John Dunphy and Peter Cecora assisted the seller of the 334,000-square-foot property.
DivcoWest Closes Fund at $2.25B
DivcoWest Fund VI will primarily target value-add life science, R&D and office assets in gateway markets.
Cushman & Wakefield Brokers North Carolina Storage Sale
Vice Chairman Mike Mele and Executive Managing Director Luke Elliot assisted the seller of the 63,550-square-foot property.
Turnbridge Equities Pays $37M for Durham Office Asset
Knighthead Funding originated a one-year, $21 million loan for the acquisition of Tower at Mutual Plaza.
Columbia Property Trust Recaps $400M San Francisco Asset
The company retains a 55 percent stake in the office tower, while joint venture partner Allianz Real Estate contributed $180 million for a 45 percent ownership interest.
Plymouth Industrial Closes $300M Unsecured Credit Facilities
The unsecured $200 million revolving facility and $100 million term loan have an accordion feature for an additional $200 million of borrowing capacity.