Finance
Monroe & Giordano Arranges Financing for New Mexico MHC
The $16.5 million loan was used to refinance the mortgage on the age–restricted Trails West community in Las Cruces.
Queens Warehouse Scores $40M Refi
Maxim Credit Group provided the financing package for the nearly 600,000-square-foot industrial asset in Maspeth.
Mirae Asset Global Investments Closes $69M Refi
JLL Capital Markets arranged the loan for a 12-story office building in downtown Washington, D.C.
Manhattan Coworking Building Changes Hands
As part of the deal, the buyer assumed a $35 million loan Arbor Realty Trust had provided in 2018.
Metro Commercial Properties Lands $7.4M Refi for Suburban Houston Asset
The two-story, 63,373-square-foot office property is located in the northern suburb of Spring.
Lincoln Property JV Sells Converted Brooklyn Asset for $44M
The buyer of the 125,000-square-foot office building assumed the outstanding balance of a mortgage from LoanCore.
Phoenix Spec Office Project Lands $74M in Financing
The 300,000-square-foot development, slated for completion in late 2021, is part of Douglas Allred Co.’s 200-acre Park Place campus.
Rockpoint Group Raises $5.8B in Opportunistic Funds
Rockpoint Real Estate Fund VI and Rockpoint Growth and Income Real Estate Fund III completed their final closes, with contributions from investors of $3.8 billion and $2 billion, respectively.
Nashville’s Parke West Scores $87M Project Loan
GBT Realty and Chartwell Hospitality plan to build two towers with 210 multifamily units, retail space and two hotels.
Hines JV Closes $182M Refi in Orange County
JLL Capital Markets orchestrated an interest-only loan through MetLife Investment Management for the Intersect office campus in Irvine, Calif.