Finance
Transwestern Kicks Off $50M New York City-Area Project
The company will renovate a 146,000-square-foot warehouse and build a 151,700-square-foot facility on the 16-acre site.
Luzzatto Lands $49M for Los Angeles Adaptive Reuse Project
The new note will replace old debt and finance the redevelopment of a former Unified Grocers’ dairy plant.
Cushman & Wakefield Arranges $17M Phoenix Office Sale
The firm assisted both parties in the transaction of the three-building, 100,241-square-foot property.
CMBS Special Servicing Rates Surge: Trepp
Retail- and hospitality-secured CMBS hit record-high levels in September.
UMH Properties Secures New Revolving Credit Facility
The $20 million financing agreement is expandable to $30 million and has a three-year term.
Self Storage Industry Trends
The industry’s ability to adapt and control supply is keeping it stabilized during a difficult economy.
How COVID-19 Has Altered the Lending Process: Q&A
Lenders are definitely showing a preference for certain asset classes, say Black Bear Capital Partners Principals Matthew Stearns and Scott Modelski.
Capital Square Pays $36M for Orlando-Area MHC
Walker & Dunlop originated a $27.9 million Fannie Mae loan for the acquisition of Maplewood Estates in Port Orange, Fla.
LaSalle’s Latest European Fund Closes at $500M-Plus
This first close puts LaSalle Investment Management’s fourth fund on track to achieve a total capital raise of $1.2 billion.
CMBS Delinquencies Continue to Drop: Trepp
The delinquency rate has been creeping downward since a surge in May and June.