Finance
DivcoWest Lands $36M Refi for San Francisco Office Property
The 40,917-square-foot building is fully leased to venture capital firm Andreessen Horowitz.
CapRock Closes Second Funding Round With $180M
The firm will focus on middle-market, value-add facilities in California, Nevada and Arizona.
New Jersey Industrial Facility Scores $20M Refi
Working on behalf of Elberon Development Group, JLL arranged the 20-year, fixed-rate loan.
J.C. Penney To Shed 29% of Stores Amid Retail Reckoning
The iconic department store chain plans to slim down its footprint after filing for bankruptcy last week.
Triarch Capital Lands $35M Refi for Miami-Area Asset
The firm paid $53 million for One Turnberry Place in Aventura almost a decade ago.
PGIM Secures $66M for Inland Empire Industrial Deal
TA Realty took the eight-year, fixed-rate loan to finance its acquisition of the 1 million-square-foot asset earlier this year.
Perot Development Lands Equity, Financing for 2.4 MSF Dallas Project
With the assistance of JLL Capital Markets, the company secured Invesco Real Estate as an equity partner and obtained a construction loan for the initial phase of the industrial park.
Kennedy Wilson, Fairfax Financial Launch $2B Debt Platform
The two longtime partners will target first mortgage loans secured by high-quality real estate in the U.S., Ireland and the U.K.
Aligned Expands Credit Facility to $575M
The larger instrument comes by way of a wider consortium of lenders and will help the data center provider keep up with demand.
How Lenders Are Moving Forward Amid Uncertainty: Q&A
MetroGroup Realty Finance Founder & President Patrick Ward weighs in on the status of capital markets during the ongoing COVID-19 crisis.