Finance
First Industrial Realty Closes $200M Refi of Unsecured Term Loan
The refinancing, scheduled to mature in late January, would give the company financial flexibility during the COVID-19 crisis.
Blackstone’s Secondary Fund Raises $1.9B
Strategic Partners, the investment giant’s secondary and fund solutions business, completed the final close for Strategic Partners Real Estate VII.
Construction Completed on Phoenix-Area MOB
MedProperties Group took out nearly $14 million to finance the development of the 58,600-square-foot asset in Gilbert, Ariz.
CMBS 2.0 Hotel, Retail Loans Spur Rise in Delinquencies
Yardi Matrix’s Paul Fiorilla sizes up the spike in delinquencies in the new generation of CMBS.
Hanley Investment Brokers Indianapolis Mixed-Use Asset Sale
Vice President Corey Olson and Senior Associate Dylan Mallory represented the seller in the disposition of the 36,000-square-foot Bonn Building.
StorageMart Acquires 2 Facilities in Kansas City
At the time of sale, the buyer received a $16.7 million loan from First National Bank of Omaha.
Manhattan Office Building Lands $100M Refi
PGIM Real Estate provided the 15-year financing to Jack Resnick & Sons and its joint venture partner, The Ruben Cos.
Anchor Health JV Buys South Carolina MOB
First Horizon Bank provided more than $13 million in acquisition financing for the 60,600-square-foot property in Greenville.
CBRE Closes Miami-Area Retail Asset Refi
Senior Vice President Paul Ahmed and Financial Analyst Mackenzie Fry represented the owner, Triarch Capital Group.
Ryan Cos. Takes $63M Jacksonville Project Loan
The Wells Fargo financing will fund the development of JEA’s 162,000-square-foot downtown headquarters.